In the 2Q of 2018, the real estate investment trust, Fibra Plus, increased by 36.8% the profitable gross area in development with respect to the same period of the previous year.
According to a report sent to the Mexican Stock Exchange (BMV), Fibra said that at the end of the quarter, its portfolio "comprised 14 projects, with a total ABR of 185,679 m2; of which, 11 properties were under development (134,559 m2), 2 in operation (45,296 m2) and 1 in remodeling, which ended this quarter Torre Arcos, Guadalajara (5,824 m2) ".
Regarding its operating portfolio, the occupancy rate at the end of June was 98.7% and its rental income amounted to 12 million pesos (mdp) of which 89.9% is comprised of income from Baja California; a Net Operating Income (ION) of 13.0 mdp and an ION Margin that stood at 95.5% in 2Q18.
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