Fundamentals
Have a look at our financial highlights
| Income statement (thousands of Mexican pesos) | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Revenue | 1,346,962 | 1,213,539 | 945,824 | 832,071 |
| Gross income | 1,346,962< | 1,211,788 | 833,900 | 718,325 |
| Net operating income (NOI) | 1,227,884 | 1,092,692 | 834,928 | 725,138 |
| EBITDA | 1,119,209 | 987,815 | 745,239 | 649,839 |
| Funds from operations (FFO) | 1,052,517 | 816,661 | 712,261 | 589,947 |
| Adjusted funds from operations (AFFO) | 1,012,677 | 770,403 | 680,289 | 569,260 |
| Financial position (thousands of Mexican pesos) | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Total assets | 16,181,141 | 17,696,683 | 14,361,695 | 11,306,957 |
| Cash & equivalents | 707,798 | 3,743,548 | 609,031 | 1,568,703 |
| Gross debt | 4,154,136 | 4,926,636 | 5,283,241 | 2,731,028 |
| Total liabilities | 4,579,216 | 5,299,900 | 5,499,334 | 2,836,290 |
| Stockholders’ equity | 11,601,925 | 12,396,783 | 8,862,361 | 8,470,667 |
| Profitability (%) | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| NOI margin | 91.16% | 90.18% | 88.28% | 87.15% |
| EBITDA margin | 83.09% | 81.53% | 68.71% | 78.10% |
| FFO margin | 78.14% | 67.40% | 75.31% | 70.90% |
| AFFO margin | 75.18% | 63.58% | 71.93% | 68.41% |
| Financial ratios (Times) | 2019 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Current assets / Current liabilities | 9.21 | 13.46 | 3.17 | 8.17 |
| Current assets / Total liabilities | 0.53 | 0.72 | 0.11 | 0.55 |
| Total liabilities / Stockholders’ equity | 0.39 | 0.43 | 0.62 | 0.33 |
| Interest coverage1 | 5.82 | |||
| Leverage | 0.26 | 0.28 | 0.37 | 0.24 |
(1) Calculated in accordance with the methodology applicable to the Trust Agreement.
| Operating indicators | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Number of properties | 59 | 58 | 54 | 43 |
| Gross Leasable Area (GLA) m2 | 713,925 | 699,928 | 661,084 | 504,534 |
| Occupancy | 94.40% | 96.60% | 97.00% | 96.60% |
| Average rent / Corporate offices m2 (USD$) | 18.5 | 18.7 | 18.7 | 18.5 |
| Average rent / Back offices m2 (USD$) | 13.5 | 14.1 | 13.4 | 12.9 |
| Average rent / Industrial offices m2(USD$) | 4.6 | 4.5 | 4.3 | 4.2 |
| Average rent / Retail offices m2 (USD$) | 7.4 | 7.7 | 7.2 | 6.9 |
| CapEx (thousands of Mexican pesos) | 58,118 | 42,645 |