The market for investment and real estate trusts (Fibras) in Mexico at the end of 4Q 2021, was made up of 16 trusts and had a gross leasable area (GLA) of more than 27 million 6 thousand 400 m2 and 19 thousand 200 rooms of hotel.

One way to determine its size is precisely the ABR, which is defined as the total area available for the lease of the properties; It is measured in square meters (m2), and by its acronym in English it can also be abbreviated as GLA (Gross Leasing Area).

The growth of the portfolio of real estate trusts has occurred gradually as each Fibra was born, and year after year they evolved with the acquisition of new portfolios, as well as the development of new projects in each of them.

The growth rate of these portfolios has been moderating in recent years due to the lack of creation of new Fibras, to which the health crisis was added, generating less availability of relevant portfolios, in terms of size and number of properties.

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During 2013, four other trusts were created: Fibra Terrafina (Terra), Fibra Inn (FINN), Fibra Shop (FSHOP) and Fibra Danhos (Danhos).

The story began on March 18, 2011, with the placement of Fibra Uno (FUNO), when a new stock market asset was born that came to revolutionize the country's real estate market.

The initial portfolio of the market pioneer consisted of 16 properties between the contribution portfolio (13 properties with 514 thousand 750 m2 of GLA) and the formation transactions (three properties with 161 thousand 167 m2), totaling 676 thousand m2 that reported a GLA of 706 thousand 200 square meters at the end of 2021.

In the final stretch of 2012, two new trusts were incorporated, one specializing in hotels, which was the case of Fibra Hotel (FIHO), and the other with a main portfolio of industrial parks, Fibra Macquarie (FIBRAMQ). Between these new trusts and the acquisitions made by FUNO, the GLA ended that year with 4.1 million m2.

During 2013, four other trusts were created. Chronologically: Fibra Terrafina (Terra), Fibra Inn (FINN), Fibra Shop (FSHOP) and Fibra Danhos (Danhos). At the end of that year, the GLA of the seven trusts totaled 11 million 394 thousand square meters and 8 thousand 887 hotel rooms.

For 2014, Fibra Prologis (FIBRAPL) and Fibra Monterrey (FMTY) arrived, which were the eighth and ninth primary placements of Fibras. With the arrival of both, the ABR took another important leap, to 15,704,000 m2 and 13,374 hotel rooms.

In each year, in a period between 2015 and 2017, new Fibras arrive: Fibra HD (FIBRAHD), Fibra Plus (FPLUS) and Fibra Nova (FNOVA), respectively.

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The sum of the previous ones and with the acquisitions of the already existing ones, the GLA grew a lot in said period, up to 21 million 553 thousand m2 at the end of 2017; In that same year, more than 18 thousand 217 rooms were reached in the hotel fibers.

In 2018, the following were added: Fibra Upsite (FIBRAUP), Fibra Educa (EDUCA) and Fibra Storage (STORAGE). The result: 22,592,000 m2 of gross leasable area.

During 2019 and 2020 there were no new primary issuances of Fibras, so the increase in the market portfolio is explained by the purchase of new real estate, or by the completion of developments under construction.

The most recent placement was in 2021, when Fibra Soma (SOMA) became Fibra number 16 in the market and contributed so that, at the end of last year, the GLA reached just over 27 million leasable square meters.

Let us remember that last year Fibra Plus completed the acquisition of 70.9% of Fibra HD, although it intended to acquire 100%; At the moment the future of this is not very clear.

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