With a strong volatility in the global markets due to an increase in the interest rate and inflation at record levels at a global and local level, the Real Estate Investment Trusts (Fibras) turned out to be resilient instruments, managing to close the third quarter with a yield of 1.38 percent.

According to the S&P/BMV Fibras index, the 10 components of the benchmark closed the months of July and September with a greater advance than the stock S&P/BMV IPC, which ended the period with a loss of 6.09% in the same period.

Check here: Solili 3Q 2022 Industrial Report, record in demand with 2.1 million m², CDMX led

"We maintain our vision of greater recovery in the sector, on the way to the historical occupancy scenario of 2019, a period in which operational maturity and performance in the 'total return' was outstanding", said Roberto Solano, manager of Stock Market Analysis at Monex. .

Despite the constant modification of the inflation environment that has implied a greater response from the Central Banks, the Fibra sector remains “resilient”, expecting that the estimated dividends will improve in the coming quarters.

In fact, in September the Fibra index registered a slight adjustment of -0.9%, which shows that it remains more defensive during this 2022 with respect to the performance of the IPC, which concentrates the 35 most traded companies on the Mexican Stock Exchange ( BMV) and that in September closed with a slight decrease of -0.7 percent.

Of interest: Canadian firm BRP builds 2 new plants in Querétaro

The prospects for real estate trusts for the remaining three months of the year are still complicated by the expected increase in the reference interest rate of the Bank of Mexico (Banxico), which currently reaches levels of 9.25% and the market is already discounting the closing of the year by 100 basis points.

This perspective is not good for the performance of the Fibras in the stock market because they compete with yields from government securities (such as Cetes or Bonds) that are having an attractive interest rate and are less risky.

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

Original note