Fibra Uno Administracion SA de CV
OTC:FBASF

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Fibra Uno Administracion SA de CV Logo
Fibra Uno Administracion SA de CV
OTC:FBASF
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Price: 1.51 USD 2.03% Market Closed
Market Cap: 5.8B USD

Fibra Uno Administracion SA de CV
Investor Relations

Fibra Uno Administración, SA de CV, widely regarded as a prominent player in the Mexican real estate landscape, embarked on its journey as Mexico's first real estate investment trust (REIT). Established in 2011, the company deftly carved a niche by capitalizing on the burgeoning demands for commercial, industrial, and mixed-use properties across the country. At its core, Fibra Uno operates by acquiring, developing, leasing, and managing a diverse portfolio of real estate assets. Its strategic emphasis on commercial properties, including shopping centers and office spaces, forms the backbone of its operations. By meticulously curating a robust portfolio, Fibra Uno captures rental income through long-term lease agreements with a variety of tenants, ranging from multinational corporations to vibrant local enterprises. This rental income, sustained by high occupancy rates, constitutes a substantial portion of the company's revenue stream.

Fibra Uno distinguishes itself through its commitment to financial prudence, adhering to a model that balances growth and stability. The company continuously analyzes market trends and demographics to strategically expand its presence in economically thriving regions. Furthermore, it employs a careful asset management approach, ensuring optimal property maintenance and tenant satisfaction, which translates into steady rental income and, by extension, consistent distributions to its investors. Beyond traditional property leasing, Fibra Uno deftly navigates Mexico's dynamic real estate climate by exploring opportunities in new developments and redevelopments, augmenting its revenue through capital appreciation. This combination of rental income and strategic growth initiatives positions Fibra Uno as a formidable entity in the Latin American real estate market, committed to delivering value and stability to its stakeholders.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Revenue Growth: Fibra UNO reported total revenue of MXN 7.5 billion for the quarter, up 0.3% quarter-over-quarter and 5.1% year-over-year, driven mainly by inflation indexation and positive leasing spreads.

Occupancy: Portfolio occupancy remained stable at 95%, with industrial at 97.4%, retail at 93.6%, and office at 83% (up 80 bps QoQ).

NOI & Margins: Net operating income was MXN 5.58 billion, basically flat quarter-over-quarter, with NOI margin at 82.2% over rental revenues.

FFO & AFFO: FFO reached MXN 2.4 billion, up 2% QoQ, and AFFO reached MXN 2.435 billion, up 3.9% QoQ, with per-CBFI figures increasing 2% and 3.9% respectively.

Distribution: Quarterly distribution was MXN 2.305 billion (MXN 0.605 per CBFI), representing a 94.7% AFFO payout.

Guidance & Outlook: Management reiterated expectations for double-digit top line growth for the full year and sees ongoing stability and resilience into 2026.

Internalization & M&A: Internalization of management and the joint investment with Fibra NEXT are set to take effect January 1, 2026, with regulatory approval for asset contribution to NEXT expected imminently.

Mitikah Update: Final mortgage payment for Mitikah completed; property is stabilizing with strong tenant performance.

Key Financials
Revenue
MXN 7.5B
Net Operating Income
MXN 5.58B
NOI Margin (Rental Revenues)
82.2%
NOI Margin (Total Revenues)
74.2%
Occupancy (Total Portfolio)
95%
Occupancy (Industrial)
97.4%
Occupancy (Retail)
93.6%
Occupancy (Office)
83%
Funds from Operations (FFO)
MXN 2.4B
Adjusted Funds from Operations (AFFO)
MXN 2.435B
FFO per CBFI
MXN 0.6285
AFFO per CBFI
MXN 0.64
Distribution
MXN 2.305B
Distribution per CBFI
MXN 0.605
AFFO Payout Ratio
94.7%
Total Debt
MXN 148B
CBFIs Outstanding
3.805B (end of Q3); 3.810B (post-quarter)
Other Earnings Calls

Management

Mr. Andre El-Mann Arazi
CEO & Director
No Bio Available
Mr. Isidoro Attie Laniado
Vice Chairman and Executive VP of Strategy & Finance
No Bio Available
Mr. Fernando Alvarez Toca
Vice President of Finance
No Bio Available
Mr. Alfonso Arceo Oregon
Vice President of Operations
No Bio Available
Mr. Victor Ignacio Tortoriello Tortoriello
Vice President of Administration & IT
No Bio Available
Mr. Jorge Humberto Pigeon Solorzano
Vice President of Capital Markets & Investor Relations
No Bio Available
Mr. Alejandro Chico Pizarro
Vice President of Legal Affairs
No Bio Available
Arturo Campos
Director of Human Resources
No Bio Available
Mr. Gonzalo Pedro Robina Ibarra
Deputy Chief Executive Officer
No Bio Available
Ana Karen Mora
Director of Sustainability
No Bio Available

Contacts

Address
MEXICO, D.F.
COLONIA CENTRO CIUDAD SANTA FE
Antonio Dovali Jaime 70, Samara Torre B, Piso 11
Contacts
+525541707070.0
funo.mx