Despite facing challenges such as the historical interest rate and inflation at record levels, the Real Estate Investment Trusts (Fibras), measured by the S&P/BMV Fibras Index, registered a yield of 12.96% so far this 2023 .

The benchmark, which concentrates the 10 most traded Fibras on the Mexican Stock Exchange (BMV), has advanced to levels of 270.41 units compared to 239.38 points since the beginning of January of this year.

Among the real estate trusts that register the highest return in the price of their CBFIs are Fibra Terrafina, with an accumulated 22.7%, followed by Fibra Prologis, with an annual increase of 18.4% and Fibra Uno, with an appreciation of 12.1%. The first two stations operate real estate for industrial use; while Fibra Uno manages within its portfolio of properties 6.2 million square meters of industrial space.

Of interest: Guadalajara starts 2023 with strong industrial demand and construction activity

Roberto Solano, manager of the Stock Market Analysis area at Monex, said that in 2023 the clear recovery in the sector's metrics is validated, mainly in terms of occupancy. A key issue, he previously said, has been the demand for industrial spaces due to nearshoring investment in Mexico.

“The industrial sector would maintain leadership this year because the nearshoring synergies are maintained, the commercial sector with a better performance due to greater mobility after years with restrictions due to Covid-19, and the office sector with the turning point in the occupation," he said.

In a previous report, Solano explained that the Gross Leasable Area of the industrial real estate sector has presented a Compound Annual Growth Rate (CAGR) of 10.2% in the last decade.

While the current income levels in the Northern, Bajío and Central Region have presented an increase of 23.9%, 22.5% and 19.5% compared to the last five years. By 2023, the specialist estimated that said metric would improve at a level of 97.5%.

Check here: Saltillo is the second national market where more industrial buildings are built

The issues that will have the attention of investors in 2023 will be, according to Roberto Solano, the increases in the reference interest rate of Banco de México against the months prior to the end of 2022, but possible adjustments at the end of 2023.

As well as an environment of high inflation, an aspect that will be a challenge for the renewals of the contracts of the firms, the investments in terms of acquisition and development, as well as the return of corporate spaces.

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

Original note