Fibra Storage is advancing with its development plan, mainly in the Lerma II and Río San Joaquín assets. The total income of the trust reached 127 million pesos (mdp) in the second quarter of 2023, reflecting a growth of 17.5% compared to the same period last year.

In its quarterly financial report, the Real Estate Investment Trust dedicated to the leasing of mini warehouses reported that the net operating flow (FFO) closed the second quarter at 34.2 million pesos, equivalent to an increase of 3.4% compared to the same period in 2022. .

Consult here: Rental prices in Guadalajara continue to grow due to the decrease in industrial spaces

"The property portfolio continues to grow, we reached record levels of occupancy and net absorption, at the same time that we continue to increase the available rentable area and advance in the construction of our properties, which in the following months will become productive units" , commented Diego Isita, general director of Fibra Storage.

He announced that they are advancing with their development plan, mainly in the Lerma II and Río San Joaquín assets and in the increase in rentable square meters due to the expansion of operating branches such as Tlalpan-Coapa and recently opened ones such as Mariano Escobedo and Condesa.

The real estate trust said that at the end of June its occupancy ended at 82.1%, which compares positively with the 79.6% of the previous quarter. Meanwhile, the monthly effective rate for the quarter was 319.7 pesos and the income per available square meter reached 262.5 pesos.

Of interest: Solili Industrial Report July 2023, in just this month more than 230,000 m² of industrial construction began

Fibra Storage ended the quarter with 36 properties, of which 28 are in operation. Additionally, it reports 8 plots of land for future development.

It reported that the Gross Leasable Area (GLA) closed at 168,333 square meters (m2) in the second quarter of the year. While it estimates 48,706 m2 of space for future development, so its potential is to grow to 217,039 m2.

In Solili you can consult industrial warehouses available in Monterrey and Guadalajara

Original note