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Fibra UNO (FUNO 11) investor relations material
Fibra UNO Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved internalization, enhancing management efficiency and reducing related party fees, aligning with market expectations.
Completed Fibra NEXT's IPO and joint venture, unlocking value in industrial assets and broadening investor base.
Fully acquired Mitikah and executed major acquisitions including the Atlas (15 industrial properties, 99.6% occupancy, US$138.2 million) and Saturno portfolios (two industrial properties, 501,659 m² GLA, 9% cap rate), consolidating key assets and delivering value to shareholders.
Consolidated net income for the first half of 2026 reached Ps. 7,440 million, up from Ps. 7,014 million in the same period of 2025.
Financial highlights
Annualized revenues reached $31.7 billion pesos, with 95.7% occupancy across 620 operations.
Total revenue for the first half of 2026 was Ps. 15,929 million, up from Ps. 15,110 million year-over-year.
Operating income for the first half of 2026 was Ps. 11,828 million, compared to Ps. 10,732 million in the same period of 2025.
Revenue breakdown: 41% retail, 37% office, 15% industrial, 7% others.
Currency mix: 20% USD, 80% MXN.
Outlook and guidance
Positioned for future growth with access to non-dilutive capital, a new investor base, and significant undrawn revolving credit lines and committed facilities.
Strategic focus on capturing nearshoring and technology-driven opportunities.
Management does not expect material seasonality in business or financing requirements.
- Internalization eliminates MXN 1.466 billion in annual fees and yields MXN 1,685.1 million in annual savings.FUNO 11
Status update - Strong growth, high occupancy, and ESG leadership drive robust value creation and future outlook.FUNO 11
Investor Day 2024 presentation - Operational recovery, asset growth, and industrial carve-out drive future prospects.FUNO 11
Q2 2024 - Record-breaking income, strong NAV growth, and stable occupancy amid inflation and FX risks.FUNO 11
Q3 2024 - Strong 2024 results with high occupancy, asset growth, and strategic industrial carve-out progress.FUNO 11
Q4 2024 - Net income declined, but property income, NOI, and NAV growth support future value.FUNO 11
Q1 2025 - Double-digit growth, record occupancy, and industrial JV with Fibra NEXT drive value and outlook.FUNO 11
Q2 2025 - Double-digit growth, net income up, refinancing, and full Mitikah consolidation achieved.FUNO 11
Q3 2025 - Record net income, improved leverage, and strategic asset moves drive robust performance.FUNO 11
Q4 2025 - Occupancy hit 95.7%, revenue and net income rose, with double-digit growth expected for 2026.FUNO 11
Q1 2026
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