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Macquarie Mexico Real Estate Management SA de CV
OTC:DBMBF

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Macquarie Mexico Real Estate Management SA de CV
OTC:DBMBF
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Price: 1.6963 USD -1.95% Market Closed
Market Cap: 1.4B USD

Macquarie Mexico Real Estate Management SA de CV
Investor Relations

In the dynamic landscape of Mexico's real estate sector, Macquarie Mexico Real Estate Management SA de CV emerges as a pivotal player, steering through the complexities of managing and optimizing real estate investments. As a subsidiary of Macquarie Group, a global financial powerhouse, this company operates the publicly traded FIBRA Macquarie, one of Mexico’s prominent real estate investment trusts (REITs). Their strategy is crafted around acquiring, developing, and managing a diverse portfolio that spans industrial, retail, and commercial properties across key urban and economic zones in Mexico. With a robust team of local experts, they seamlessly integrate local insights with global standards, ensuring efficient operations and value accretion for their investors.

Macquarie Mexico Real Estate Management generates its income primarily through the leasing of its vast array of properties. By attracting a mixture of national and international tenants, they secure stable and recurrent rental income. Their expertise lies in asset management, where they emphasize maximizing property occupancy rates and ensuring that each property maintains a competitive edge in the market. This involves not only sound property management but also strategic investments in upgrades and expansions whenever feasible. The company's ability to blend financial acuity with operational excellence has established it as a resilient entity, adept at maneuvering through Mexico’s evolving economic landscape while persistently delivering shareholder value.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 24, 2025
AI Summary
Q3 2025

Record Results: FIBRA Macquarie delivered record consolidated revenues in Q3, up 8.4% year-over-year, and achieved record figures across key financial and operating metrics.

AFFO Growth: U.S. dollar AFFO reached $29.7 million, rising 6.6% year-over-year, with per-certificate earnings also increasing.

Distribution Increase: The quarterly distribution rose 17% from the prior year, while maintaining a prudent payout ratio.

Industrial Portfolio Strength: Industrial rental rates increased 6.8% year-over-year, with double-digit renewal spreads and nearly 90% retention. Same-store NOI grew 6.1% year-to-date.

Retail Rebound: Retail occupancy hit a post-pandemic record of 93.6%, and NOI grew 4.1% year-over-year, reaching record operating cash flow.

Capital Allocation: The company acquired a prime Mexico City logistics asset for $35 million at an expected stabilized 10% cap rate and sold a vacant property at a 30% premium to book value.

Guidance Reaffirmed: Full year 2025 AFFO and distribution guidance was reaffirmed, with expected AFFO of $115–119 million and a payout ratio of about 87%.

Strong Balance Sheet: Liquidity stands at $625 million and debt profile remains conservative, with 92% fixed-rate debt and a 33.2% debt-to-assets ratio.

Key Financials
Revenue
record consolidated revenues
AFFO
$29.7 million
AFFO Payout Ratio
approximately 87%
Industrial Rental Rate Growth
6.8%
Industrial Lease Renewal Spread
17%
Industrial Portfolio Retention
almost 90%
Same-store NOI (YTD)
up 6.1%
Retail Occupancy
93.6%
Retail NOI Growth
4.1%
Liquidity
$625 million
Weighted Average Cost of Debt
5.5%
Fixed Rate Debt Proportion
92%
CNBV Regulatory Debt to Total Asset Ratio
33.2%
Debt Service Coverage Ratio
4.6x
Other Earnings Calls

Management

Mr. Simon Hanna A.C.A.
Chief Executive Officer of Macquarie Asset Management México, S.A. de C.V.
No Bio Available
Mr. Andrew McDonald-Hughes
Chief Financial Officer of Macquarie Asset Management México, S.A. de C.V.
No Bio Available
Mr. Thomas E. Heather
Chief Legal Officer, Legal Director & Secretary of Macquarie Asset Management México, S.A. de C.V.
No Bio Available
Ms. Nikki Sacks
Investor Relations Executive
No Bio Available

Contacts

Address
MEXICO, D.F.
Mexico City
Pedregal 24, piso 21, Torre Virreyes, Lomas Virreyes, Molino del Rey
Contacts
+525591787700.0
www.fibramacquarie.com