Fibra UNO Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 23, 2023
Share
Fibra UNO reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MXN 5,549.48 million compared to MXN 5,293.53 million a year ago. Revenue was MXN 6,231.56 million compared to MXN 5,818.09 million a year ago. Net income was MXN 12,535.55 million compared to MXN 3,147.18 million a year ago.
For the full year, sales was MXN 21,288.39 million compared to MXN 19,493.98 million a year ago. Revenue was MXN 23,900.69 million compared to MXN 21,868.71 million a year ago. Net income was MXN 23,642.86 million compared to MXN 3,659.54 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.