News Column

Fibra Danhos Announces 4Q13 Earnings

February 24, 2014

MEXICO CITY--(BUSINESS WIRE)-- Fibra Danhos (BMV:DANHOS13), the first Real Estate Investment Trust (FIBRA) specialized in premier quality assets in Mexico, announced the fourth quarter 2013 (“4Q13”) and full year (2013) results for the period ended December 31, 2013. As the Initial Public Offering was held on October 8, 2013, the Company had only 82 operating days during 4Q13, the results below are also presented on a pro forma basis for comparison reasons. These results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are stated in nominal Mexican pesos, unless otherwise specified.

Financial Highlights for the fourth quarter 2013

  • Fibra Danhos’ Net Operating Income was Ps. 262.3 million in its first 82 days of operation. On a pro forma basis, the NOI of the 9 properties in the Operating Portfolio, increased15.1% compared to 4Q12 and pro forma NOI for 2013 increased 11.7% compared to 2012.
  • Occupancy rate at the end of 4Q13 was 98.2%, in-line with the occupancy at the end of 3Q13.
  • Fibra Danhos’ Technical Committee approved a Distribution of Ps. 0.3700 per CBFI, which represents an annualized yield of 6.3% based on the IPO price of Ps. 26.00 and of 6.5% at closing price on February 19, 2014, Ps. 25.48.
  • Fibra Danhos is a well-capitalized public entity, it currently does not have debt
  • Fibra Danhos had total Revenues of Ps. 344.4 million in its first 82 days of operation. On a pro forma basis, total Revenues of the 9 Properties in operation increased 7.6% compared to 4Q12 and total Revenues for 2013 increased 8.6% compared to 2012.
  • The Lease Spread for the quarter was 9.2%. During 4Q13, all contracts that expired were renewed in the same period. Additionally, the Company leased 2,062 sqm over the quarter to new tenants.

    For a full version of Fibra Danhos’ fourth quarter 2013 earnings release contact Fibra Danhos at and you will receive a copy immediately.

    Fibra Danhos

    Elias Mizrahi, assistant to the CEO

    Tel.: +52 55 5284 0030, ext 1007

    Source: Fibra Danhos

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