Fibra Mty , a real estate investment trust, showed solid performance in the second quarter of 2025 (2Q25), highlighted by acquisitions that strengthened its industrial portfolio.
According to its 2Q25 earnings report, on April 9, it completed the acquisition of an 82,251 square meter (m²) Gross Leasable Area (GLA) industrial property in León, Guanajuato, fully leased to Mercado Libre , for US$106 million. This transaction positioned the e-commerce company as the most significant tenant within Fibra Mty’s portfolio.
On July 15, the company formalized the acquisition of the last two warehouses in its “Batach” portfolio in Nuevo León, for a total of $73.4 million. Both properties are already occupied and generating revenue.
In a statement, Fibra Mty reported that, as of June 30, 2025, it recorded total assets of more than 43.814 billion pesos (mdp) , composed primarily of 4.136 billion mdp in cash and more than 37.963 billion mdp in investment properties. With a debt level of 26%, the company has the capacity to invest up to an additional 500 million dollars (mdd) in the industrial sector, without exceeding its target leverage level of 35 percent.
The firm closed 2Q25 with a portfolio of 118 properties, of which 94 are industrial, 18 for office use, and six for commercial use , with a GLA of 1,990,266 m², as well as an occupancy rate of 95.4 percent.
Average rent was $6.2 per square meter for industrial warehouses, $20 per square meter for corporate offices, and $8.6 per square meter for commercial properties, according to the company’s second-quarter 2025 earnings report.
In terms of financial results, total revenue for this cycle was 845.2 million pesos , an increase of 34.9% compared to the same period in 2024. Net Operating Income (NRI) reached 767 million pesos, which represented a growth of 36.6% compared to the second quarter of last year.
During 2Q25, 18,200 m² of stabilized GLA were delivered in Saltillo, Coahuila, and progress was made in negotiations to develop an additional 43,400 m² in Monterrey, Nuevo León, and Saltillo , of which 36,000 m² already have signed contracts. In the office segment, occupancy increased 390 basis points to 76.9%, driven by a new contract for 7,000 m² in Monterrey.
The acquisition pipeline exceeded $850 million, with more than 90 industrial properties totaling nearly one million square meters of GLA, currently under analysis and negotiation in key markets such as Monterrey; Ciudad Juárez, Chihuahua, and the Bajío region. This is in addition to the addition of $110 million in credit lines.
The company was recognized with the Gender Equality Award by the Mexican Institute of Finance Executives (IMEF) and Women in Finance (MEF) , reported Jorge Ávalos Carpinteyro, CEO of Fibra Mty, who emphasized that “we are well on our way to meeting our annual results guidance once again.”
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