Even with a challenging operating environment due to the pandemic, Fibra Danhos maintains a stable outlook and good credit quality, the credit rating agency Fitch Ratings said.

“The trust maintains the solidity of its financial structure, with low leverage and strong liquidity, as well as diversification of income. Its business model gives it flexibility to face the challenging operating environment due to the pandemic and allows it to maintain its credit quality, ”argued the firm.

Through an analysis, he added that despite the fact that the Real Estate Investment Trust (Fibra) has its operations concentrated mainly in Mexico City, it has a high capacity to generate rental income and has a diversification of income per tenant, since none represents more than 4.3% of rental income.

In addition, Fitch projects that its operating flow will strengthen as shopping malls begin to recover visitor traffic and with the addition of Parque Tepeyac, to the gross profitable area (GLA) of the portfolio by the end of 2022.

Fibra Danhos has 14 properties in operation and one under development. Of these, five buildings are shopping centers, four are office towers and five are mixed-use projects (commercial, office and hotel).

Total gross leasable area is 891,712 square meters, with an occupancy rate for total properties of 85.2 percent. But Fitch expects the portfolio's occupancy rates to remain at around 85% at the end of the year and reach approximately 87% in the medium term.

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