FIBRA Macquarie Q1 Earnings & Bidding War
Key Questions
What were FIBRA Macquarie's Q1 earnings results?
FIBRA Macquarie reported Q1 EPS of Mex$1.36 with over 90% occupancy across 36.6 million square feet in Monterrey and CDMX. The stock rose 42% year-over-year due to nearshoring trends.
What is driving the strong performance of FIBRAs in 2025?
Mexico's listed real estate trusts, including FIBRAs, posted 30% returns in 2025, fueled by industrial parks, rent growth, and renewed investment. Nearshoring has boosted demand in key markets like Monterrey.
What is the bidding war involving FIBRA Macquarie?
A bidding war is underway between Fibra Mty, Next, and Prologis for a 245-property portfolio totaling 3.4 million square meters. This tests property values amid Q1 GDP slowdown and rising vacancy rates.
What expansions are occurring in Mexico's industrial real estate?
IRG expanded its Mexico industrial portfolio to nearly 3 million square feet. C&W advised on a 30-property industrial portfolio owned by Prologis.
How is Monterrey's industrial market performing?
Monterrey has a solid supply structure with a 7.5% vacancy rate, equivalent to 9.0 million square feet, despite low demand. This supports ongoing nearshoring-driven growth.
Q1 EPS Mex$1.36 (>90% occ 36.6M sq ft Monterrey/CDMX), stock +42% YOY on nearshoring; FIBRAs 30% returns 2025, IRG 3M sq ft expansion; bidding war with Fibra Mty/Next/Prologis for 245 properties/3.4M sqm tests vals amid Q1 GDP slowdown/vacancy; PT 48, 5% dev discipline.