Fibra Danhos (DANHOS13) Earnings Call Transcripts

Fibra Danhos's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Fibra Danhos reported a 9.4% year-over-year increase in total revenue, driven by strong performance in fixed rent and ancillary revenues. The company achieved an AFFO per CBFI of MXN 0.76, reflecting a nearly 16% increase year-over-year, while maintaining a distribution of MXN 0.45 per CBFI. Management signaled confidence in future growth, particularly in the industrial segment, and noted improvements in occupancy levels across their portfolio, suggesting a positive outlook for the remainder of the fiscal year.

Reported metrics

Guidance from management

Management expressed confidence in future growth, particularly in the industrial segment, and expects occupancy levels to continue improving. They indicated that the CapEx projects are on track for completion by year-end.

What management said

Igor, this is Elias Mizrahi. So the maturities for our retail portfolio, historically, we have a weighted average term of approximately 4 years. So around 25% of our contracts expire every year, and we actually do renovations on a 3- to 5-year renewals at the most precisely to have these renovation windows, and that's where we can push rents up and have leasing spreads. So on retail, we continue to see lease spreads ...

I mean we haven't still seen a significant change in prices. None of our contractors have let us know that we have to be prepared for it. So we're not expecting a big change on the increases in cost of construction, at least for the moment.

What analysts pressed on

Analysts raised concerns regarding the significant lease maturities in the retail portfolio, which could impact future lease spreads. There were also questions about the potential impact of external factors, such as geopolitical events, on construction costs and overall consumer demand.

Main topics on the call

• Revenue Growth — Fibra Danhos experienced a total revenue increase of 9.4% year-over-year, attributed to an 8% growth in fixed rent and significant increases in overage and parking revenues of almost 13% and 18%, respectively. Management...
• Occupancy Improvement — Overall occupancy levels improved by 220 basis points, reaching nearly 92%. This increase is indicative of stronger demand and effective management strategies in their office portfolio, as noted by management's comment o...
• CapEx Pipeline — The CapEx pipeline is gaining momentum, particularly in the Palomas and EdoMex III industrial projects, which are expected to deliver by year-end. Management emphasized the importance of these developments for future gro...
• Distribution and Payout Ratio — The distribution was set at MXN 0.45 per CBFI, resulting in a payout ratio of 59%. This reflects a commitment to returning capital to shareholders while maintaining healthy operational metrics, as highlighted by the AFFO...

Read the full Fibra Danhos transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 Fibra Danhos earnings call transcripts on record, spanning April 21, 2023 to July 22, 2026. Based on this history, Fibra Danhos reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DANHOS13

Exchange

BMV

Country

MX

Sector

Real Estate

Industry

Diversified REITs

Calls on record

14

First call

April 21, 2023

Most recent

July 22, 2026

Reporting cadence

quarterly