Fibra Uno Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 07:51 pm EDT
Share
Fibra UNO announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was MXN 5,369.491 million compared to MXN 5,169.237 million a year ago. Operating income was MXN 3,999.311 million compared to MXN 3,945.493 million a year ago. Net loss was MXN 416.505 million compared to MXN 15,207.717 million a year ago.
Fibra Uno Administracion SA de CV (Fibra Uno) is a Mexico-based company engaged in the operation of commercial real estate investment trust (REIT). The Company focuses on operating and developing a range of real estate assets for leasing, mainly in the industrial, retail and office segments. It aims at acquisition, development, rental and management of various types of commercial real estate projects in Mexico, including industrial, retail, office and mixed-use projects. The Company's portfolio comprises over 510 properties. Its business model includes portfolio management, maintaining relationships with tenants, sourcing of off-market acquisition opportunities, integration of acquisitions into portfolio, development and construction activity and growth of services businesses.
FIBRA UNO 
