During this period, the case of Whirlpool stands out, since its anticipated renewal represents almost 20% of the total income of the Fibra. His contract went from having a weighted average term to the entry of the portfolio of 4.5 years to 5.1 years.

Although it was good news for the company, its earnings were not positive, due to the depreciation of the dollar against the peso “and particular situations of tenants (both in the industrial and office sectors) who vacated or reduced their leased space,” explained the company in its quarterly report to the BMV.

The drawbacks represented falls of 3.7%, 6.7% and 8.7% in total revenues, NOI and Uafida, respectively. General occupancy also had a decrease of 5.6% compared to 3Q20, thus it was 90.7%. The biggest contraction was in the office sector, which last year had a level of 87.6% and for the third quarter of this 2021 it was 76.1%.

Despite the number in corporate buildings, Fibra Mty expects the situation to change in the following months.

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“At the end of 3Q21 we had negotiations for an amount equivalent to approximately 50% of the vacant office space. After the close of 3Q21, we have signed part of these negotiations, which gives us evidence of a recovery in the occupation, ”said Jorge Avalos Crpinteyro, general director of the trust.