The trusts that maintain the highest participation of the industrial segment in their portfolios, registered an occupancy of more than 90% during 2Q21.

The occupation of the Reits gives indications of the industrial reactivation of the country, since in its buildings they house companies from multiple sectors that rent spaces that go from industrial warehouses to commercial premises.

During 2Q 2021, the Nova, Plus, Funo, Macquire and Upsite trusts reported occupancy levels higher than 80% to the Mexican Stock Exchange (BMV). Revenues varied, depending on the administrative strategies of each of the companies, however, their level of rents in the various sectors in which they operate, give a good sign.

Industrial warehouses continue to perform well in portfolios, sustained by the arrival of T-MEC and the growth of e-commerce, which stimulated the demand for this type of space throughout the country. 

Check here: Fibra Plus acquires T-Mec III industrial park

Nova, for example, has 74% of its buildings in the industrial segment, and the occupancy rate remained at 100% in 2Q21. It has properties in Cancun, Obregón, Michoacán, Guadalajara, Ciudad Juárez, Reynosa, Mexicali, Chihuahua, CDMX, Monterrey and Hermosillo.

FUNO maintains 54% of its portfolio in industrial buildings, and records 95.5% occupancy from April to June 2021. This percentage exceeds the other two segments in which it operates: offices and commercial, which had 74.4% and 89.8%, respectively. In turn, FUNO increased its profits by 30.7% compared to last year.

Macquiare, with its portfolio concentrated 87% in industrial properties, closed the period with 94.4% in occupancy, with its best levels in Bajío-Occidente and Northeast.

Of interest: Terrafina invests 43.5 million dollars in two new projects

Upsite only has industrial spaces and during 2Q 2021, it kept 100% of its properties rented, with an average contract expiration profile of 6.6 years and all have been signed in dollars.

Plus registered an occupancy rate of 94.6% with 79% of the properties in the industrial sector. This was the trust that had the biggest drop in its NOI, despite healthy occupancy levels. It registered a decrease of 18.03% compared to 2020, due to the fact that its rents fell 18% and no CBFIs were issued.

In Solili consult the Industrial Real Estate Report to July 2021

Original note