staging
Fibra Monterrey presented a 21% increase in its revenues during 2Q 2020
Inmobiliare | July 24, 2020 |

The Fibra Mty real estate investment trust reported its financial results for the second quarter of 2020, which, even compared to four months after the start of the pandemic by Covid-19, are outstanding, with a cash distribution of Ps . 0.27 per CBFI, an occupancy rate of 96.4%., And an increase of 21% in its total income, in contrast to 2Q2019, reaching Ps. 358.9 million. In addition to having closed this period with 59 properties in its portfolio, including 18 for office use, 35 for industrial use and 6 for commercial use.

The report presented details that based on changes in the economic environment, the Technical Committee approved the modification of the 2020 distribution guide, to reach a range of Ps. 1.0300 - 1.0500 and Ps 1.0501 - 1.0700 per CBFI, considering an exchange rate between Ps. 21.50-22.50 and Ps. 22.51-23.50, respectively; In response, the interest rate reduction in government investments and the pause in acquisitions due to the uncertainty in the real estate market, as well as the depreciation of the national currency.

Complete article (Spanish)

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter