Fibra Mty, S.A.P.I. de C.V. (BMV:FMTY 14) is looking for acquisition opportunities. Jorge Avalos Carpinteyro, Chief Executive Officer said, "Although in general, these markets are still far from pre-pandemic levels, the beginning of the recovery opens new opportunities for players such as Fibra Mty. On one hand, an increase in occupancy offers organic growth in operating cash flows, but also the activity may generate acquisition opportunities that could increase our cash flow inorganically. On the inorganic front, we are currently under negotiation of our interesting number of potential acquisitions of industrial buildings, and we expect to capitalize these opportunities with our $150 million firepower, leading to the respective upward adjustment in our operating cash flows. This will once again prove our ability to carry out acquisitions that are accretive to our AFFO per share as we have done since our initial public offering".
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.