FibraHotel (FIHO 12) Q1 2026 earnings summary

Executive summary

• Q1 2026 results were below expectations due to broad-based softness in hotel demand, impacted by security concerns, reduced business travel, and corporate event cancellations.

• Portfolio RevPAR decreased 3.5% year-over-year, with ADR up 2.7% but occupancy down 349 bps.

• Total revenues reached Ps. $1,235 million, down 8.6% from Q1 2025.

• EBITDA was Ps. $252 million (20.4% margin), and a net loss of Ps. $1.3 million was recorded.

• Distribution of Ps. $0.1555 per CBFI approved for Q1 2026, with full-year guidance for total distributions up 3.7% over 2025.

Financial highlights

• Total revenues: Ps. $1,235 million, down 8.6% year-over-year.

• Lodging contribution: Ps. $360 million (29.1% margin).

• EBITDA: Ps. $252 million (20.4% margin).

• Funds from operations (FFO): Ps. $153 million, down 42.9% year-over-year.

• Adjusted funds from operations (AFFO): Ps. $83 million, down 55.5% year-over-year.

• Net loss: Ps. $1.3 million for the quarter.

Outlook and guidance

• Expectation to pay three additional equal quarterly distributions in 2026, totaling Ps. $0.6220 per CBFI, a 3.7% increase over 2025.

• Management remains confident in operational and financial strength despite challenging demand.