During the first quarter of 2023 (1Q23), Fibra Plus added more than 9 thousand square meters of Gross Leasable Area (GLA) to its portfolio of properties, compared to the same period of 2022 (1Q22), with which it seeks to capture the opportunities derived from nearshoring or the relocation of production chains to Mexico to maintain its proximity to the US market.

"The trust for the development of rental properties in Mexico strengthens its strategy of industrial assets to take advantage of the positive situation of nearshoring, for which it incorporated two warehouses for manufacturing in the Sonora industrial park and consolidated the Saltillo portfolio," highlighted Fibra in its first financial report of 2023.

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With the addition of said properties, a total of 645 thousand 445 square meters of rentable space were consolidated. These recently integrated industrial buildings have the capacity to generate an average of 8.2 million pesos (mdp) of net operating income (ION) per year and maintain an occupancy rate of 100%.

Likewise, in its first report of 2023, the trust headed by Gustavo Tomé Velázquez, highlighted the new stage of growth that began after the first cash distribution for capital reimbursement, as a result of the appropriate integration with Fibra HD.

The foregoing because for the first time in its history, Fibra Plus made the payment of a cash distribution for capital reimbursement equivalent to 0.086 per Real Estate Trust Stock Certificate (CBFI).

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During 1Q23, the company's revenues amounted to 174.5 million pesos, with a decrease of 0.5% or remaining practically at the same level as in 1Q22, given the effect that a lower exchange rate had on rents in dollars (39% of total revenue).

In this sense, revenues in dollars, coming mainly from industrial assets, grew 2.5% against 1Q22, thanks to the acquisitions of industrial buildings in Saltillo and Sonora.

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

Original note