Mexico City, Mexico – Fibra UNO recently held its Q1 2024 Earnings Conference Call, discussing the company’s financial performance and future prospects. The call featured key company executives, including CEO André Arazi and CFO Jorge Solórzano, as well as participation from industry analysts.

During the call, Arazi highlighted the company’s strong financial results, showcasing record revenues and NOI. Despite the challenging economic environment due to upcoming elections in Mexico and the U.S., Fibra UNO has managed to reach pre-pandemic levels in its industrial and retail sectors, with progress being made in the office sector as well.

Solórzano delved into more detailed financial information, discussing revenues, occupancy rates, and operational expenses. The company saw a slight increase in net operating income and is strategically navigating interest rate fluctuations. Additionally, discussions included the internalization process and the carve-out of the industrial portfolio to create more value for shareholders.

Analysts posed questions regarding strategic alternatives, leasing spreads, and the company’s acquisition of a stake in Mitikah. Fibra UNO emphasized its commitment to remaining cautious with dividends, aligning payout ratios with fiscal results, and its optimism about the future of nearshoring in Mexico, which extends beyond just the northern border.

Overall, Fibra UNO’s Q1 2024 Earnings Conference Call provided insights into the company’s strong financial performance, strategic initiatives, and outlook for the future. As the company continues to navigate market challenges and capitalize on opportunities, stakeholders can expect continued growth and value creation in the coming quarters.