Real estate investment trusts, or better known as Fibras, have had a very active year so far in 2021, in part, because the composition of their portfolios concentrated, depending on the purpose of each of them, investments in goods that could be the totality or diverse proportions of industrial, corporate, commercial, educational, residential, infrastructure and hotel properties, to name the main ones.

Worldwide, all these sectors have reacted dissimilarly to the pandemic and therefore the value of their actions has been impacted in different ways.

Many of these trusts have shown a significant level of activity, shedding some assets that are not congruent with their portfolio strategies in parallel to new acquisitions that we have seen since the middle of last year and so far in 2021.

Of interest: Fibra Upsite strengthens its presence on the border

As noted by El Economista on August 1, 2021, three fibers together account for 58.48% of the value of these trusts nationwide, totaling 281 thousand 686 million pesos. Fibra Uno, Educa and Prologis represented 30%, 16% and 13% of the total value of investment trusts in Mexico.

Fibra Danhos, Terrafina, Fibra Macquarie and Fibra Monterrey followed in descending order of value with 34.7, 24.8, 18.5 and 11.6 million pesos in total value.

These trusts in general terms have continued their expansion plans, under the scenario of low interest rates that has facilitated financial restructuring, generating a more solid profile towards the medium term.

We have read various headlines pointing to important acquisitions in mature markets and in sectors that have demonstrated broad resilience to the effects of the pandemic.

Examples of this are the purchase of 50% for the control of Fibra HD by Fibra Plus, the increase of the portfolio in Monterrey by Prologis, the update of Terrafina's credit profile, the new debt issuance of Fibra MTY, the acquisitions of Fibra Educa and the first issue of Fibra SoMa signs of a market in constant readjustment.

Check here: Fibras close August 2021 with an increase of almost 5%

Other trusts seek to reduce their position in non-strategic markets through the sale of assets, as in the case of Terrafina with the recent sale of a lot in Hermosillo.

Underlying these movements is the search for a diversified portfolio that allows generating and maintaining the necessary liquidity to operate optimally, keeping those tenants resilient to the crisis and creating conditions, terms and prices that maintain the value of assets over time .

So far from January to July, the industrial demand on submarkets such as Monterrey, and Saltillo already exceeds by 15% and 7% what was registered during the 12 months of 2020. Mexico City, Tijuana and Ciudad Juárez, already exceeded significantly to what was registered in the same months of 2020.

These indicators are signs of mature markets, not only in their growth of areas but in their modernization in terms of facilities, variety of products, incorporation of innovative trends that will undoubtedly be the key to attracting the best tenants during the next year.