The earnings call highlighted solid financial performance with increased revenue and NOI, improved occupancy rates, and successful new developments, particularly in retail and industrial sectors. However, challenges remain in fully recovering office demand, and there was a need to address speculative reports about government collaboration.
Company Guidance
During the Fibra Danhos Q3 2024 earnings call, executives provided detailed guidance on financial and operational metrics. Total revenues increased by 7.7% year-over-year to MXN 1.7 billion, driven by higher fixed rent, overage, and parking revenues, while total expenses rose by 3.7%. The net operating income (NOI) reached MXN 1.3 billion, marking an 8.5% increase with a 77.8% margin. The adjusted funds from operations (AFFO) were reported at MXN 1.03 billion, equating to MXN 0.65 per CBFI, and a distribution of MXN 0.45 per CBFI was determined, representing a 69% payout ratio. Occupancy rates showed improvement, with a comparable basis occupancy at 88%, an overall occupancy of 89.4%, retail occupancy at 93.5%, and office occupancy at 75%. Lease spreads for the quarter were 4.6% on 25,000 square meters of renewal agreements, and the visitor flow continued to show double-digit growth. The company also highlighted the successful delivery of Phase 1 of the Industrial Parque developments and plans for expansion in other markets.
Revenue and NOI Growth
Total revenues reached MXN 1.7 billion, marking a 7.7% increase from the previous year. NOI increased by 8.5% year-on-year, with a 77.8% margin.
Occupancy Improvement
Occupancy on a comparable basis increased by almost 200 basis points year-over-year to reach 88%. Retail occupancy was strong at 93.5%, and office occupancy improved to 75%.
Successful New Developments
Progress on Industrial Parque developments and the announcement of The Ritz-Carlton Cancun project indicate strategic growth and expansion.
Strong Retail Sector Performance
Retail lease spreads were around 7%, showing strength in the retail portfolio. Visitor flow showed double-digit growth year-over-year.
Concentradora Fibra Danhos SA de CV (GRFFF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GRFFF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 24, 2025
$1.20
$1.20
0.00%
Feb 20, 2025
$1.20
$1.20
0.00%
Oct 29, 2024
$1.20
$1.20
0.00%
Jul 25, 2024
$1.20
$1.20
0.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Concentradora Fibra Danhos SA de CV (GRFFF) report earnings?
Concentradora Fibra Danhos SA de CV (GRFFF) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Concentradora Fibra Danhos SA de CV (GRFFF) earnings time?
Concentradora Fibra Danhos SA de CV (GRFFF) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.