Revenues of seven Fibras increased 7.4% in the first quarter of 2023
Real Estate Market | May 18, 2023 |

According to data from the monitoring of Grupo Financiero Ve por Más Fibras, the industrial segment averaged an occupancy rate of 97.9%, which allows it to contribute to growth, in terms of income and occupancy, through these real estate investment figures.

Between January and March of this year, seven of the 18 Real Estate Investment Trusts (Fibras) registered a 7.4% increase in their consolidated income, which totaled 12,140 million pesos (mdp) compared to 11,306 million pesos reported in the same months of 2022.

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The sample is integrated by Fibra Uno, Prologis, Terrafina, Macquarie, Danhos, Shop, MTY. Some are firms that are characterized by having diversified portfolios, others with exposure purely to the leasing of parks and industrial buildings, and some more that are only dedicated to shopping centers.

Regarding the Gross Rentable Area (GLA), Industrial Fibers led the highest occupations, marking a new all-time high of 97.9% in the first quarter of 2023 compared to the 96.6% registered in the same period last year.

While the commercial segment closed the reference period at a level close to 91% and the office segment ended with an occupancy of 76.0 percent. "The highest growth in income was observed in Fibras with commercial exposure, such as Fibra Uno, Shop and Danhos," the report reads.

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It adds that in "the case of Industrial Fibers, although occupancy levels remained high, revenue growth was offset by the 8.8% appreciation of the peso against the dollar during the quarter, due to the fact that most of their contracts They are denominated in the currency of the United States and reported in Mexican pesos.

Some industrial markets, especially on the northern border, already register 100% occupations. Given this scenario, the perspective is that the supply will continue to be restricted and the demand will continue to increase, so that the high occupancy levels are sustainable for a few more years.

The office sector continues registering low occupancies of 76%, recognizing the effect of the greater adoption of mixed work schemes.

In Solili you can consult offices and industrial buildings available in Mexico City

Original note

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