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FIBRA Macquarie Mexico (DBMBF)
OTHER OTC:DBMBF
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
0.18Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 9.93%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record NOI and NAV, solid growth in AFFO, and increased revenue, indicating a positive business outlook. However, there are challenges in certain northern markets and nonrecurring transaction costs impacted the quarter. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
The guidance provided during the FIBRA Macquarie Third Quarter 2024 Earnings Call highlighted several key metrics indicating strong performance and future expectations. The company reported a 6.0% year-over-year increase in revenue and a 6.8% rise in net operating income (NOI) in U.S. dollar terms. For the third quarter, NOI reached $48.7 million, marking an 8.6% increase compared to the previous year. Leasing activity involved 1.9 million square feet of gross leasable area (GLA), with a retention rate of 83% over the last 12 months. The company achieved a 16.9% increase in lease renewal spreads. Additionally, the retail portfolio saw an occupancy increase to 93%, with weighted average rental rates up by 5.4% annually. FIBRA Macquarie also reported an adjusted funds from operations (AFFO) of MXN 527 million, a 13.2% increase year-over-year, and upgraded its full-year AFFO per certificate guidance to MXN 2.6 to MXN 2.63. The company maintained a robust balance sheet with a net loan-to-value (LTV) of 33% and available liquidity exceeding $400 million, positioning it well for sustained growth and value creation.Record NOI and NAV in U.S. Dollar Terms
Achieved record levels of NOI and NAV, with NOI increasing by 8.6% compared to the prior year, and NAV reaching MXN 51.9 per certificate, an 8% sequential increase.
Strong AFFO and Revenue Growth
AFFO increased by 13.2% year-over-year to MXN 527 million, driven by higher same-store income and NOI from new developments. Revenue grew by 6.0% year-over-year.
Industrial and Retail Portfolio Performance
The industrial portfolio saw a lease renewal spread increase of 16.9% and an occupancy rate of 97.3% in key markets. The retail portfolio's occupancy increased to 93%, with rental rates up 5.4% annually.
Healthy Balance Sheet and Liquidity
The balance sheet is well-positioned with a real estate net LTV of 33% and available liquidity of more than $400 million.
Increased Full Year AFFO Guidance
Full year AFFO per certificate guidance has been increased to MXN 2.6 to MXN 2.63, with an anticipated full year cash distribution of MXN 2.10 per certificate.
DBMBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DBMBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $1.51 | $1.51 | 0.00% |
Feb 13, 2025 | $1.66 | $1.66 | 0.00% |
Oct 24, 2024 | $1.58 | $1.57 | -0.63% |
Jul 26, 2024 | $1.64 | $1.54 | -6.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FIBRA Macquarie Mexico (DBMBF) report earnings?
FIBRA Macquarie Mexico (DBMBF) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is FIBRA Macquarie Mexico (DBMBF) earnings time?
FIBRA Macquarie Mexico (DBMBF) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DBMBF EPS forecast?
DBMBF EPS forecast for the fiscal quarter 2025 (Q2) is 0.04.