Fibra Uno, the first real estate investment trust with 10.8 million profitable square meters, reported that its total income and net operating income (NOI) increased 19.0% and 28.0%, respectively, in the third quarter of the year, increases that were compare favorably with the first nine months of 2019, when it registered growth of 19% and 16%, in that order.

These increases “indicate that we are well above pre-crisis levels; This is more relevant considering that we are not yet at our normalized occupancy levels of 95%, at the company level, and that we still lack the contribution of a significant amount of income from equities, among other factors ”, highlighted André El-Mann CEO of Funo through the report for the third quarter of the year.

Check here: E-commerce impacts the construction of industrial spaces

In its report sent to the Mexican Stock Exchange (BMV), the real estate trust reported that the operating fund (FFO) rose 93.8% in the third quarter of the year, to 2,222 million pesos, compared to the same period of 2020.

On the other hand, total income and NOI amounted to 5,396 million pesos and 4,356 million 

pesos, in that order.

Between the months of July, August and September, the company said that it reached a total occupancy of 92.0%, while the gross profitable area grew 2.8%, going from 10,793.6 million square meters to 10,802.7 million square meters .

Of interest: BTS projects make Mexicali triple industrial demand in Q3 2021

André El-Mann explained that by sector, logistics real estate continues to register growth in demand, so they foresee that tenants will demand additional space beyond the capacity currently available in the logistics corridor located in Mexico City and surroundings. .

Regarding the commercial front, there has been a sustained increase in pedestrian traffic from week to week, especially now that the epidemiological traffic light is green, with infections under control and the continuous increase in vaccination that is advancing in our country. While in office properties volatility continues, as the return to the office environment is just beginning.

"The recovery of the commercial segment is underway and I hope this will be reflected in consistent improvements in occupancy and positive leasing spreads in the coming months," said the CEO of Funo.

In Solili you can consult industrial warehouses available in Tecate, Mexicali and Ciudad Juárez

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