Factsheet
Market: BIVA
Symbol: FNOVA17
ISIN: MXCFFN040006
Industry:
Real Estate
Fibra Nova is a Mexican Real Estate Investment Trust (FIBRA) engaged in acquiring, managing and developing a top-class real estate portfolio, currently comprised by 120 properties with a GLA of over 6,550,758 sqft distributed in 20 Mexican States.
Share Data
| Market | BIVA |
| Symbol | FNOVA17 |
| ISIN | MXCFFN040006 |
| Industry | Real Estate |
| Share Data | 02/04/2025 |
| Volume | 7,970 |
| Number of shares (Thousands) | 154,327 |
| Market Cap (Thousands) | 15,432,712 |
Figures as of 04/02/2025
Financial Highlights
| Balance Sheet (In thousands of pesos) | 2024 |
∆ % |
2023 |
2022 |
| Total assets | 23,342,288 | 37.7% | 15,939,675 | 13,741,234 |
| Total liabilities | 5,457,644 | -6.1% | 5,800,145 | 6,493,201 |
| Total equity | 17,884,644 | 55.3% | 10,139,530 | 7,248,033 |
| Income Statement (In thousands of pesos) | 2024 |
∆ % |
2023 |
2022 |
| Total revenue | 1,288,373 | 20.4% | 1,050,013 | 1,005,389 |
Total operating expenses |
33,001 | 3.9% | 31,744 | 28,876 |
| Net operating income (NOI) | 1,255,372 | 20.9% | 1,018,269 | 976,513 |
| Operating income | 1,202,660 | 22.5% | 959,236 | 948,822 |
| Income before taxes | 2,127,547 | -7.2% | 2,285,886 | 1,481,507 |
| Net income | 2,127,445 | -7.2% | 2,285,985 | 1,476,278 |
| EBITDA | 1,203,449 | 22.5% | 959,688 | 948,999 |
| Data Per Share | 2024 |
∆ % |
2023 |
2022 |
| Number of shares outstanding (thousands) | 593,606 | 25.2% | 460,709 | 335,760 |
| Share price (MXN) | 23.90 | -16.6% | 28.23 | 29.75 |
| Book value per share (MXN) | 30.13 | 31.9% | 21.83 | 21.59 |
| Ratios (%) | 2024 |
∆ % |
2023 |
2022 |
| Rent per square feet (USD/SQFT) | 8.22 | 8.4% | 7.56 | 7.56 |
| Average lease term remaining (years) | 6.9 | -2.7% | 7.09 | 8.00 |
| Occupancy rate (%) | 100 | 0.0% | 100 | 100 |
| EBITDA margin | 90.20 | 3.5% | 87.10 | 93.00 |
| AFFO margin | 90.48 | 1.1% | 89.50 | 81.00 |
| Dividend yield (%) | 8.56 | 13.2% | 7.50 | 7.40 |
| Debt / EBITDA ratio (%) | 4.31 | -20.9% | 5.32 | 5.89 |
| Loan to value ratio (%) | 22.23 | -35.4% | 31.80 | 47.90 |
| Cost of debt | 4.84 | -7.2% | 5.20 | 4.95 |
| Secured debt (%) | 100.00 | 23.4% | 79.03 | 38.71 |
| USD debt remaining term (years) | 2.8 | -32.8% | 3.9 | 4.6 |
Ratings
| Rating | Action |
Date |
Type |
| WD(mex) | Withdrawn |
29-Nov-2023 |
National Long Term Rating |
| WD(mex) | Withdrawn |
29-Nov-2023 |
National Long Term Rating |
Revenue by Business 2024
| Industrial | 64.8 % |
| Educative | 7.8 % |
| Retail | 2.9 % |
| Logistics | 3.4 % |
| Engineering centers | 5.8 % |
| Agroindustrial | 15.3 % |
Figures as of 04/02/2025
