Fibra UNO (FUNO11) Earnings Call Transcripts

Fibra UNO's Latest Earnings Call - Q1 FY2026

Fibra UNO reported its Q1 2026 results, highlighting a 1.7% increase in revenue to MXN 8 billion despite property sales, indicating resilience in its portfolio. Occupancy levels were strong, with industrial at 98% and office at 83%, signaling a recovery in the office segment. Management expressed confidence in achieving double-digit growth across main lines for 2026. The internalization of management is expected to yield MXN 400-500 million in annual savings, enhancing margins. No specific guidance changes were announced, but management plans to provide more detailed guidance later in the year.

Reported metrics

Guidance from management

Management expects double-digit growth across main lines for 2026 and plans to provide more specific guidance later this year.

What management said

I don't have the number, Carlos, on the calculation, but it shouldn't be that large. However, we happy to get back to you with a specific calculation on that -- on the impact of the sale of the Memorial portfolio. Now as for the growth drivers for Fun [indiscernible] to Andre.

A, we expect, Carlos, we expect that the savings on the overall through the year will be in the surroundings of MXN 400 million to MXN 500 million. That will be impact -- that will make impact on the NOI and the FFO later on. through the year should be around the number .

What analysts pressed on

Analysts questioned the impact of property sales on like-for-like growth and sought clarity on the drivers of future growth, particularly in the office segment. Concerns were also raised about the impact of internalization on margins.

Main topics on the call

• Occupancy Levels — Fibra UNO reported occupancy levels of 95.7% overall, with industrial at 98% and office at 83%. Management noted, 'We expect that this continuously growing occupancy level... will be reflected in the increase on the rent...
• Revenue Growth — Revenue increased by MXN 133.7 million or 1.7% quarter-over-quarter, reaching MXN 8 billion, despite property sales. Management highlighted this as 'an extremely remarkable feat.'
• Internalization of Management — The internalization process is expected to save MXN 400-500 million annually. Management stated, 'We expect to deliver... MXN 2.75 as a dividend yield for the year.'
• Office Segment Recovery — The office segment showed a 23% increase in leasing spreads in pesos, indicating a recovery. Management noted, 'We are almost as market-wise, almost on the level of the prepandemic.'

Read the full Fibra UNO 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 24 Fibra UNO earnings call transcripts on record, spanning February 27, 2020 to April 30, 2026. Based on this history, Fibra UNO reports quarterly. The most recent call on file is dated April 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FUNO11

Exchange

BMV

Country

MX

Sector

Real Estate

Industry

Diversified REITs

Calls on record

24

First call

February 27, 2020

Most recent

April 30, 2026

Reporting cadence

quarterly