Fibra Mty, S.A.P.I. de C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 01, 2021 at 05:26 pm EST
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Fibra Mty, S.A.P.I. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced operating income was MXN 261.617 million compared to MXN 245.648 million a year ago. Net loss was MXN 361.089 million compared to net income of MXN 25.714 million a year ago. Basic loss per share was MXN 0.37 compared to basic earnings per share of MXN 0.03 a year ago.
Fibra Mty SAPI de CV is a Mexico-based company engaged in the operation of commercial real estate investment trust (REIT). The Company specializes in acquiring, managing and developing nonresidential properties, primarily located in Monterrey, San Pedro Garza Garcia, Apodaca, and Ciudad Juarez, among others. Its activities are divided into two segments: Office and Industrial. The Office division is responsible for renting real estate used for business purposes. The Industrial segment offers operating space in industrial facilities. Furthermore, it develops commercial areas, such as restaurants, cafes and retail stores. The Company is a parent of Administrador Fibra Mty SC, which manages the REIT.