Simply put, it is an investment instrument that acquires and manages properties on a large scale in different sectors such as office buildings, industrial facilities, shopping malls, hotels, among others. The properties are managed by a professional team that is responsible for operating and improving the properties to satisfy the needs of its tenants and generate value and returns for its investors.

Mexican REITs are similar to U.S. REITs and share the features of both fixed income and equity securities but can offer more attractive returns under relatively low-risk levels compared to other investment options in the market.

Since Mexican REITs are listed on the Mexican Stock Exchange, the investing public can purchase securities through any brokerage firm that is registered and approved by Mexico’s banking and securities regulator.

One of the greatest benefits for investors is that there are regulatory bodies who constantly review Fibra Mty's management and decision making, among them are: the Mexican Antitrust Commission (Comisión Federal de Competencia Económica – COFECE), the Mexican Tax Administration Service (Servicio de Atención Tributaria – SAT), the Bank of Mexico and Mexico’s banking and securities regulator (Comisión Nacional Bancaria y de Valores – CNBV), always looking out for the best interests of the investing public.

CBFIs are basically the same as stocks. Whoever holds a CBFI is considered an investor and equity partner of the Mexican REIT and therefore has different rights, for example, to receive recurring distributions from the Trust.

Fibra Mty’s certificates are listed on the Mexican Stock Exchange since 2014 under ticker symbol “FMTY-14”.

As a security listed on the Mexican Stock Exchange, certificates are held by INDEVAL, Mexico’s central securities depository, who is in charge of keeping track of who owns each certificate.

One of the greatest advantages of investing in publicly traded Mexican REITs, i.e., those listed on the Mexican Stock Market, is that the prices can be consulted via a simple web search. Through your brokerage firm you can monitor the price of Fibra Mty’s certificates and all the Mexican REITs listed in the market.

Certificate prices fluctuate for different reasons, such as supply and demand. These depend on factors such as growth and profitability expectations for the REIT, the sector in which they invest, as well as innovation and competition. They also depend on Mexico’s economic outlook both domestically and internationally. All this is not only determined by economic factors, but also by natural disasters, political developments, or health contingencies.

There are two main yield sources for Mexican REITs: 1) Cash distribution yield, which is the result of dividing all cash distributions received by the purchase price; and, 2) certificate appreciation yield, which is calculated by dividing the current or sale price by the purchase price.

Mexican REITs are long-term investment vehicles and are distinguished by the fact that approximately 80% of the total yield comes from cash distributions in the long run. It is worth noting that appreciation yield is generated only upon sale.

In accordance with articles 187 and 188 of the Mexican Income Tax Law, there are different tax effects applicable to the return on investments in Mexican REITs:

Cash distributions that are classified as “Taxable Income” will be taxed according to the withholding rate applicable to each investor. Your broker will withhold the applicable tax and provide you with a withholding certificate at the end of the year.

Cash distributions that are categorized as “Capital Reimbursement” will be taxed at 0%.

Certificate appreciation (sales price – purchase price) will be taxed at 0%.

There is no minimum investment amount in Fibra Mty, you can invest from 1 certificate. However, brokerage firms have different requirements for minimum amounts to open an investment account.

There is no minimum investment time, you can buy and sell your certificates on the same day. This is another great benefit of the securities traded in the Stock Market, there are many daily transactions.

No, Fibra Mty has properties throughout Mexico.

Fibra Mty does not charge commissions for buying certificates. However, brokerage firms have different commission schemes, it is important to know and compare these commissions between brokerage firms.

The only requirement is to have an investment contract with a brokerage firm approved by the Mexico’s banking and securities regulator.

Each time Fibra Mty makes a cash distribution, a transfer is made directly to your investment account at your brokerage firm. You, as an investor, decide what to do with the money, you can buy more Fibra Mty’s certificates, invest it in another investment instrument, or you can cash it out for your personal use.

Fibra MTY’s certificates are denominated in MXP, non-redeemable, with no par value, and can be issued, paid for, and acquired by both domestic and foreign investors who have an investment contract with an authorized institution in Mexico.

Fibra MTY’s certificates are currently covered by Grupo Financiero Actinver, Apalache Análisis, BBVA Bancomer, BTG Pactual, Intercam, Monex, and Signum Research.