The remainder of 2022, the Fibras will travel a path towards the historical metrics observed in 2019, the year in which the sector had achieved significant maturity, and one of the best performances in the market since placements on the Mexican Stock Exchange. (BMV), said Roberto Solano, Stock Market Analysis Manager of Monex.

After the complicated 2020, which involved operational adaptations of portfolios and financial strategies for the sector in the face of the difficult context of the pandemic, 2021 showed signs of a turning point so that 2022 presents a full path to recovery.

Despite the complicated start to the year due to the infections caused by Ómicron, we envision greater social mobility after the high level of vaccination, which will translate into a sectoral reactivation.

Check here: Nearshoring and its impact on the Fibra Prologis portfolio

After covid-19, the average occupation of Fibras did not suffer the deterioration that many specialists anticipated, in fact, both the industrial and commercial sectors showed great resilience.

In the case of the office sector, this year we will see that turning point in occupation, since the vision of the Home Office and the hybrid schemes of various companies have been transformed towards an imminent return to corporate spaces, Solano said.

This aspect is not only observed in Mexico, but also in the United States, various companies, mainly financial, have changed their business vision to return to a path towards physical relationships.

We do not rule out that various industries modified their labor vision, however, everything converges to a return with better conditions due to the favorable use of vaccines for Covid-19.

The sector's expertise to renegotiate the estimated GLA for 2022-2023 will be key in an environment of high inflation, but if our vision of the favorable management of the Fibras materializes, already proven during 2020, we would be able to see favorable negotiations to maintain important contracts.

Another trend in the midst of inflation will be the higher rate of hikes by central banks, including the Bank of Mexico, which will result in the shortening of the spread of the "Yields" of the Fibras would be shortened with respect to this variable.

Of interest: Which markets concentrate the oversupply of offices in Mexico?

It will also be necessary to consider that given the dynamism of the sector, dividends will not be static, which will lead many Fibras to return to distributions as one of the added keys of value for investors.

A key sample will be the second half of the year, taking into consideration that historically at a higher rate rate, Fibras did not lose their attractiveness as many specialists expected, in fact, they were paying better dividends in a similar environment.

Despite the economic challenges of 2022, such as high inflation and higher interest rates, the Monex group considers that it will be an outstanding year for the Fibras.

In Solili you can consult industrial warehouses available in Monterrey, Guadalajara and Ciudad de México

Original note