Fibras close with yields above 4% in 3Q of the yearThe S&P/BMV
- The S&P/BMV Fibras index, which groups together 10 out of the 16 real estate investment trusts listed on the Mexican Stock Exchange, finished the third quarter with a 4.40% increase.
The S&P/BMV Fibras index, which includes 10 out of the 16 real estate investment trusts listed on the Mexican Stock Exchange, concluded the third quarter with a growth of 4.40%. This performance outpaced the S&P/BMV IPC stock index. While the sector index experienced a decline of 1.36% in September, it was lower than the drop in the Price and Quotation Index, which fell by 3.6%.
Roberto Solano, Coordinator of Stock Analysis at Monex, highlights that although the sector has underperformed the overall market, there are more resilient Fibras, such as industrial ones, that have offset the challenges posed by the pandemic. With advancements in vaccination campaigns and the reopening of sectors like services, a better outlook is expected towards the end of December and in 2022.
