Fibra Educa closes a positive third quarter

Fibra Educa, the first and only real estate investment trust in the education sector in Mexico, reported positive results for the third quarter of the year, compared to the same in 2020, maintaining growing returns for its investors.

In the report sent to the Mexican stock exchange (BMV), the real estate firm stated that funds from operations (FFO, for its acronym in English) increased 7.94%, which amounted to 689.3 million pesos, compared to the comparison period.

Likewise, it presented increases of 5.53 and 7.64% in total rental income and in net operating income (NOI), respectively, to 791.6 million pesos and close to 695 million pesos, in that order.

Fibra Educa He highlighted that, at the end of the third quarter of the year, investors who have held their real estate trust certificates since their placement on the stock market (June 2018) have obtained a yield of 137.05%, with the distribution of dividends.

At the end of September, each of its securities was exchanged at 41.15 pesos, which represents an appreciation of 105.75%, with respect to the initial listing price of 20 pesos.

He highlighted that even when Mexico has gone through an adverse economic situation, mainly due to the health contingency caused by Covid-19, it has made quarterly distributions among the holders of its CBFIs.

Even before November 9, 2021, it will make the distribution in cash, for its operations corresponding to the third quarter of the year, for a total amount of 699,877 pesos, an amount 2.36% higher than that of the same period of the previous year.

The Trust stated in the quarterly financial report that since the placement of its CBFIs in the Mexican stock exchange and until the end of the third quarter of this year, it has distributed the equivalent of 6.2593 pesos per paper, a figure that translates into a yield of 31.30 percent.

“I have expressed my conviction that the education sector is one of the most important pillars for the transformation of any country. I reiterate my commitment to continue promoting the education sector in Mexico and to continue offering the investing public a reliable, profitable vehicle with favorable and growing distributions, with a world-class corporate governance and professional administration, ”he stated through the report. Jorge Nacer Gobera, president of the Technical Committee of Fibra Educa and president of The Economist.

The real estate firm closed September with a portfolio made up of 59 properties that make up a profitable area of ​​449,196 square meters, which are fully leased. It has 19 university campuses, five office buildings, and 35 learning centers.

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