Fibra Nova concentrates 62% of income in industrial rentals
Real Estate Market | October 18, 2022 |

Although Fibra Nova is a diversified real estate investment trust in commercial, industrial, educational and agro-industrial sectors, 62% of its income is generated by rental of industrial spaces, which positions it as one of the firms with the majority of the latter. segment.

"Demand for industrial space is expected to remain high in the medium term, due to lower labor costs and the country's strategic location that brings companies closer to the final consumer market," reads a Fitch analysis. Rating, a credit risk rating agency.

Of interest: The industrial inventory in the country grows by just over 1.2 million m² during the 3Q 2022

An advantage of the Fibra is that it has land reserves of 812 thousand m2 in main markets such as Ciudad Juárez, which would allow it to cover part of the sector's demand.

Meanwhile, to a lesser extent, the portfolio also includes properties in the educational segment, engineering centers (offices) and commercial; each respectively generates 9.5%, 7.9% and 3.8% of revenues, Fitch said. For its part, the agribusiness segment has contributed 16.8% of annual fiber revenue since 2021.

"It is estimated that the company will achieve a greater diversification of its portfolio to the extent that it executes its growth plan," say the specialists of the rating firm.

In terms of revenue concentration, as of June 30, 2022, the top 10 properties represented around 54.8% of annualized revenues, while 61.6% of these were generated in Chihuahua; 8.5% in Michoacán and 7.7% in Sonora.

Check here: Sonora competes to be the border entity with the greatest industrial dynamism

In addition, the lease contracts entered into by subsidiaries of Grupo Bafar represent 42.7% of the annualized rents. These lease contracts have the corporate guarantee of said company that is dedicated to the production of meat products.

The real estate company had 110 properties, which totaled the equivalent of 527.7 thousand square meters (m2) and 1,654 hectares of gross leasable area (GLA).

In Solili you can consult industrial warehouses available in Ciudad Juárez, y Tijuana

Original note

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