Nearshoring has given new impetus to real estate investment trusts (Fibras) dedicated to leasing parks and industrial buildings, positioning them with the highest returns on the Mexican Stock Exchange (BMV) so far this year.

The real estate trust stock certificates (CBFI) of Fibra Terrafina, Prologis and Macquarie accumulate gains of 18.56%; 18.22% and 9.46%, in that order. Although FibraHotel is placed with the third best annual performance, with 15.84%.

Of interest: Solili Industrial Report 2Q 2023, vacancy and exchange rate increase prices by 15% per year

These advances that the industrial Fibras have accumulated in 2023 far exceed the sectoral index (S&P/BMV Fibras), which has given a return of 7.71%; they are even above the yield of 11.51% of the main stock index of the BMV (S&P/BMV IPC), considering the same period.

Roberto Solano, Manager of Stock Market Analysis at Monex Casa de Bolsa, said that the industrial sector is leading by nearshoring, as well as by acquisitions and developments.

“Our favorable vision of the sector is maintained because despite facing economic challenges (high interest rates and high inflation), there are favorable operating metrics (occupation), in addition to an attractive environment for consumption. The industrial sector would maintain the leadership with the synergies of nearshoring, with acquisitions and developments in the second half of the year”, he said.

Check here: Reynosa reports the most competitive industrial rental prices in the border area

Last week, Fibra Prologis announced the purchase of three industrial properties in Monterrey, Ciudad Juárez y Tijuana, with an investment of 74.9 million dollars. These properties have close to 60,504 square meters of gross rentable area, with rents in dollars.

Fibra Macquarie, for its part, has six industrial buildings in different phases of construction, which will be put on the market to meet the demand for this type of space. This, given "the opportunities generated by nearshoring and the demand for spaces for logistics in the markets of the center of the country." It reported a record level of 98.2% in the occupancy of industrial buildings.

In Solili you can consult industrial warehouses available in Mexico City and Guadalajara

Original note