Fibra UNO (FUNO 11) Status update summary

Transaction overview

• Internalization aligns minority shareholder interests with those of the controlling group by acquiring the advisor in exchange for real estate assets, integrating advisory services within the REIT structure and eliminating external management.

• Payment for the advisor is made with real estate assets valued at 1x NAV, avoiding equity issuance and increased leverage.

• Assets transferred are primarily office (60%), retail (34%), and hotel (6%) properties, totaling MXN 12.3 billion in gross asset value.

• The transaction excludes industrial assets and reduces the asset count from 586 to 533.

Key properties and financial metrics

• Major properties involved include Samara, Midtown Jalisco, and Montes Urales 620, totaling 259,936 sqm GLA.

• Combined gross asset value is MXN 12,358.7 million, with an implied NAV of MXN 10,467.9 million and a blended cap rate of 7.3%.

Financial impact and savings

• Net asset value of transferred properties is MXN 10.4 billion, with MXN 900 million in NOI leaving the portfolio.

• Total annual savings from internalization are estimated at MXN 1,685.1 million, including eliminated advisor fees and interest savings of MXN 219 million.

• Net accretion from the transaction is projected at MXN 422.9 million after accounting for SG&A.

• Debt of MXN 1.9 billion associated with Samara will be transferred with the asset, reducing overall leverage.