Fibra Danhos Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 20, 2023 at 03:42 am EDT
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Fibra Danhos reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 1,101.79 million compared to MXN 961.57 million a year ago. Revenue was MXN 1,551.59 million compared to MXN 1,349.1 million a year ago. Net income was MXN 924 million compared to MXN 763.92 million a year ago.
For the nine months, sales was MXN 3,223.31 million compared to MXN 2,867.89 million a year ago. Revenue was MXN 4,514.24 million compared to MXN 3,989.51 million a year ago. Net income was MXN 2,520.68 million compared to MXN 2,335.97 million a year ago.
Concentradora Fibra Danhos SA de CV is a Mexico-based real estate investment trust (REIT). The Company's main activity consists of the development, leasing, operation and management of shopping centers, offices, and mixed-use properties in the Metropolitan Area of Mexico City. The Company operates primarily in the development of mixed used properties and office campuses. Additionally, the Company adopts technological solutions in their design and operation, including safety systems, optical fibers, Park Help, Federal APD, Traffic Pro, SAP operational monitoring software and services, among others. The Company is divided in four divisions: Commercial, Offices, Mixed Use and Residential Division. In May 2014, the Company acquired two properties located on Anillo Periferico, in southeast of Mexico City in vicinity of Iztapalapa, on border of Xochimilco.
FIBRA DANHOS 
