C

CI Banco SA Institucion de Banca Multiple FF/00939
OTC:CBAOF

Watchlist Manager
CI Banco SA Institucion de Banca Multiple FF/00939
OTC:CBAOF
Watchlist
Price: 1.94 USD Market Closed
Market Cap: $1.5B

CI Banco SA Institucion de Banca Multiple FF/00939
Investor Relations

In the bustling landscape of Mexican finance, CI Banco SA Institucion de Banca Multiple has carved a niche for itself as a prominent player focused on niche banking services. Originally established as a currency exchange entity, the bank gradually expanded its portfolio to include a diverse range of financial services. This strategic evolution was a response to the burgeoning demand for comprehensive banking solutions among businesses and individuals in Mexico. CI Banco's operations are anchored in providing robust foreign exchange services, asset management, and offering customized financial products, facilitating smooth transactions for their clients. These activities are crucial for the bank as they tap into the intricacies of international trade and personal remittances, both of which are essential segments of the Mexican economy.

CI Banco's ability to generate revenue pivots significantly on its adept handling of foreign currency exchanges, one of its original strengths that it continues to capitalize on. The bank's forex services are not just about converting one currency to another; they involve meticulous risk management and market insights, ensuring competitive rates for clients. Additionally, CI Banco has expanded into green financing, offering investment products aligned with sustainable practices, which appeals to environmentally conscious investors. The institution also benefits from its strategic network of branches and digital solutions, enhancing accessibility and fostering customer loyalty. Through these avenues, CI Banco not only ensures a steady stream of income but also solidifies its reputation as a forward-thinking entity in Mexico's financial ecosystem.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Jul 19, 2024
AI Summary
Q2 2024

Strong Demand: Terrafina saw continued strong demand for industrial real estate, with high occupancy at 96.9% and leasing spreads at 18.2%.

Revenue Growth: Rental revenues grew 4.6% year-on-year to $56.4 million.

Financial Metrics: NOI increased 6.4% to $54 million, and EBITDA rose 5.9% to $47.1 million.

Portfolio Quality: Terrafina sold a secondary market property for $5.9 million as part of ongoing efforts to improve portfolio quality.

Development Pipeline: 222,000 square feet were delivered in Q2, with 560,000 more expected in Q3 and development yields expected to remain in double digits.

Strategic Activity: Multiple public tender offers for Terrafina certificates are active, with deadlines through early August.

Optimistic Outlook: Management remains optimistic about sector fundamentals and political environment, citing supportive government signals.

Key Financials
Occupancy
96.9%
Leasing Spread
18.2%
Rental Revenue
$56.4 million
NOI
$54 million
NOI Margin
93.5%
EBITDA
$47.1 million
EBITDA Margin
81.5%
FFO
$32.9 million
AFFO
$28.4 million
Distributions
$20.8 million
Distribution per Certificate
USD 0.0265
Dividend Yield
4.5%
Cash
$57.5 million
Investment Properties Value
$3.1 billion
Total Debt
$1,068.8 million
Average Cost of Debt
5.7%
Average Weighted Maturity
3.8 years
LTV
32.5%
Other Earnings Calls

Management

Engineer Alberto Chretin Castillo
Chairman & CEO
No Bio Available
Mr. Carlos Gomez Espinosa CPA
Chief Financial Officer
No Bio Available
Mr. Francisco Martinez Garcia
Investor Relations Officer
No Bio Available

Contacts

Address
MEXICO, D.F.
MIGUEL HIDALGO
Presidente Masaryk 61, piso 7, Colonia Chapultepec Morales
Contacts