Fibra Uno Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 25, 2021 at 03:29 pm EST
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Fibra UNO announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was MXN 5,191.427 million compared to MXN 5,093.101 million a year ago. Operating income was MXN 3,863.236 million compared to MXN 3,804.647 million a year ago. Net income was MXN 10,401.387 million compared to MXN 6,429.723 million a year ago. For the full year, total revenue was MXN 19,193.235 million compared to MXN 19,189.083 million a year ago. Operating income was MXN 14,065.147 million compared to MXN 14,321.097 million a year ago. Net income was MXN 12,974.248 million compared to MXN 18,000.055 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 
