Revenue and NOI Growth
Total revenues increased by MXN 20 million quarter-over-quarter or 0.3% to reach MXN 7.5 billion. This is a 5.1% increment on a year-over-year basis. Net operating income increased by MXN 2.9 million or 0.1% compared to the second quarter to reach MXN 5.58 billion.
High Occupancy Rates
The operating portfolio's occupancy stood at 95%. Industrial portfolio recorded 97.4% occupancy. Retail portfolio had a 93.6% occupancy rate, and the office portfolio recorded an 83% occupancy.
Positive Leasing Spreads
Leasing spreads continued to show a solid performance with growth in peso terms for Industrial segment of 16.8%, 6% for the Retail segment, 5.3% for the Others segment, and 1.3% for the office segment.
Interest Expense Reduction
Net interest expense decreased by MXN 45.8 million or 1.5% compared to the second quarter of '25. Compared to the third quarter of 2024, net interest expense decreased by MXN 150 million or 5.4% year-over-year.
AFFO and FFO Growth
Adjusted funds from operations increased by MXN 90.8 million or 3.9% compared to the second quarter of '25. When compared to the third quarter of '24, the AFFO increased by MXN 156.5 million or almost 7% year-over-year.