FUNO Has Increased its GLA by 20 Times Since its Inception Ten Years Ago

Fibra UNO celebrates its 10-year anniversary on the Mexican Stock Exchange, achieving impressive returns and significant diversification in its real estate portfolio.
The largest real estate investment trust in Mexico, Fibra UNO has conducted successful public capital offerings, international debt issuances, and stands out as the only issuer of a Development Capital Certificate (CKD).

Fibra UNO manages several properties in this city, which is Mexico City. Photo: Pexels - Davis Arenas.

03/19/2021

On March 18th, Fibra UNO (FUNO) celebrates its 10-year anniversary of being listed on the Mexican Stock Exchange (BMV). During this period, their fiduciary real estate certificates (CBFIs) have delivered a remarkable return of 25.70%, with a growth of over 20 times in their Gross Rentable Area (GBR).

As the largest real estate investment trust (FIBRA) in the country, Fibra UNO boasts significant diversification across sectors, regions, and even currencies for rental income. Their leased properties include shopping centers, offices, industrial warehouses, hotels, as well as holdings in universities, hospitals, and recently, funeral homes. Their portfolio spans across all 32 states of Mexico, with approximately 45% of their income in dollars and 55% in pesos.

Throughout the past decade, Fibra UNO has successfully conducted two follow-on public capital offerings, raising a total of approximately 31 billion pesos. They also made history as the first to issue international debt, raising $1 billion through a long-term bond placement in January 2014. Additionally, they made their debut in the Mexican fixed-income market a year earlier, with three issuances totaling 27.4 billion pesos.

Notably, Fibra UNO stands out as the sole issuer of a Development Capital Certificate (CKD), having raised 6 billion pesos through the Helios vehicle, which has been instrumental in financing their flagship mixed-use project, Mítikah, located in the southern part of Mexico City.

Read the full article (in Spanish).

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