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 | 14/11/2024 |
| Volume | 5,196 |
| Number of shares (Thousands) | 141,387 |
| Market Cap (Thousands) | 14,138,739 |
Figures as of 11/14/2024
Financial Highlights
| Balance Sheet (In thousands of pesos) | 2023 |
2022 |
2021 |
| Total assets | 15,855,926 |
13,741,234 |
11,909,505 |
| Total liabilities | 5,800,147 |
6,493,201 |
4,689,132 |
| Total equity | 10,055,779 |
7,248,033 |
7,220,373 |
| Income Statement (In thousands of pesos) | 2023 |
2022 |
2021 |
| Total revenue | 1,050,013 |
1,005,389 |
690,527 |
Total operating expenses |
31,744 |
28,876 |
19,111 |
| Net operating income (NOI) | 1,018,269 |
976,513 |
671,416 |
| Operating income | 959,236 |
948,822 |
625,195 |
| Income before taxes | 2,261,824 |
1,481,507 |
822,241 |
| Net income | 2,261,923 |
1,476,278 |
822,202 |
| EBITDA | 959,688 |
948,999 |
625,310 |
| Data Per Share | 2023 |
2022 |
2021 |
| Number of shares outstanding (million) | 460,709 |
335,760 |
335,667 |
| Share price (MXN) | 28.23 |
29.75 |
25.48 |
| Book value per share (MXN) | 21.83 |
21.59 |
21.51 |
| Ratios (%) | 2023 |
2022 |
2021 |
| Rent per square feet (USD/SQFT) | 7.56 |
7.56 |
6.36 |
| Average lease term remaining (years) | 7.09 |
8.00 |
7.80 |
| Occupancy rate (%) | 100 |
100 |
100 |
| EBITDA margin | 87.10 |
93.00 |
90.50 |
| AFFO margin | 89.50 |
81.00 |
80.20 |
| Dividend yield (%) | 7.50 |
7.40 |
8.40 |
| Debt / EBITDA ratio (%) | 5.32 |
5.89 |
4.38 |
| Loan to value ratio (%) | 31.90 |
47.90 |
38.70 |
| Cost of debt | 5.20 |
4.95 |
2.56 |
| Secured debt (%) | 79.03 |
38.71 |
82.30 |
| USD debt remaining term (years) | 3.9 |
4.6 |
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| WD(mex) | Withdrawn |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| WD(mex) | Withdrawn |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 2023
| Industrial | 58.2 % |
| Educative | 9.6 % |
| Retail | 3.8 % |
| Logistics | 4.3 % |
| Engineering centers | 7.0 % |
| Agroindustrial | 17.2 % |
