The real estate trust highlighted that the quarterly occupancy of its properties ended at 96.8%, increasing 54 basis points quarter by quarter.

Meanwhile, net operating income (ION) grew in the last quarter of 2022 and throughout the year. Between October and December it increased by 3.2%, to 947.1 million pesos (mp) and in the annual comparison the advance was 5.9%, equivalent to 3,542.5 million pesos.

Of interest: Industrial demand in Mexico City grew above 20% during 2022

In his report, published on the Mexican Stock Exchange (BMV), he indicated that the FFO increased by 8.4% in all of 2022 compared to 2021, which ended at 2,325 million.

Only, the occupancy of its parks and industrial buildings reached a record of 97.6%, increasing 63 base points in the fourth quarter of 2022 and 166 base points in the annual comparison.

It also registered increases in rent from contract renewals of 10.2% and 5.6% in the industrial and commercial portfolios, respectively.

Simon Hanna, general director of the trust, added that a 14% growth in adjusted funds from operations (AFFO) per certificate was achieved during the year, driven by a record occupancy level in the portfolio coupled with increases in rents and developments that have been recently completed.

Consult here: Solili Industrial Report January 2023, demand began the dynamic year and registers 505 thousand m²

Simon Hanna highlighted that Fibra Macquarie has built a portfolio that "is ideally located to benefit from the acceleration of the activity of relocating production to Mexican territory, known as nearshoring."

He opined that this redistribution of global supply chains will be a fundamental long-term factor for the demand for industrial spaces in Mexico.

In Solili you can consult industrial warehouses available in Monterrey, Saltillo and Ciudad Juárez

Original note