RELEVANT
Financial Data

Financial indicators   2018   2017 Change
Total revenue $ 5,152,971,813 $ 4,136,664,162 24.6%
Net Operating Income (NOI) $ 4,152,300,948 $ 3,324,039,219 24.9%
EBITDA $ 3,426,031,863 $ 2,681,914,156 27.7%
Net profit $ 3,891,797,290 $ 5,166,261,356 -24.7%
FFO $ 3,170,877,173 $ 2,649,533,685 19.7%
AFFO $ 3,710,327,975 $ 3,339,320,049 11.1%
AFFO per CBFI with economic rights $ $2.68 $ $2.53 6.1%
Distribution to holders of CBFIs $ 3,322,529,464 $ 3,015,422,488 10.2%
CBFIs with economic rights   1,384,387,277   1,322,146,046 4.7%
Distribution per CBFI with economic rights $ 2.40 $ 2.28 5.3%
FFO (Flow from Operations)
AFFO (Adjusted Flow from Operations)
Balance Sheet Relevant Data   2018   2017 Change
Cash and cash equivalents $ 1,808,607,828 $ 3,088,324,660 -41.4%
Prepaid taxes $ 37,599,750 $ 2,304,907 1531.3%
Investment properties $ 62,716,149,554 $ 60,371,665,765 3.9%
Total assets $ 65,048,955,871 $ 63,985,768,434 1.7%
Total debt $ 6,500,000,000 $ 6,500,000,000 0.0%
Total liabilities $ 8,840,851,982 $ 9,035,500,497 -2.2%
Total stockholders’ equity $ 56,208,103,889 $ 54,950,267,937 2.3%
Loan to value   10.0%   10.20% -16.6

Total revenue
Million pesos

Net Operating Income
Million pesos

AFFO
Million pesos

NOI, Fixed rent and overage

  NOI Fixed rent and overage
Properties in Operation 2018 2017 2016 Chg. % 2018 2017 2016 Chg. %
Retail                
1. Parque Delta 666,330,922 623,040,518 394,545,409 6.9% 416,401,796 391,323,220 267,971,728 6.4%
2. Parque Duraznos 86,852,174 81,634,297 72,494,956 6.4% 65,119,939 65,591,717 57,925,141 -0.7%
3. Parque Lindavista 359,662,716 329,503,427 304,370,019 9.2% 263,505,123 248,953,453 228,490,955 5.8%
4. Parque Tezontle 505,178,328 452,559,526 381,709,078 11.6% 364,853,204 328,683,544 285,395,631 11.0%
5. Parque Vía Vallejo 240,347,396 205,015,371 69,665,028 17.2% 255,195,780 235,125,601 99,391,767 8.5%
6. Parque Puebla 236,579,993 25,945,659 - NA 190,600,378 33,700,071 - NA
7. Parque Las Antenas 135,905,268 - - NA 119,607,254 - - NA
Retail Subtotal 2,230,856,796 1,717,698,798 1,222,784,490 29.9% 1,675,283,474 1,303,377,606
939,175,222 28.5%
Office                
8. Parque Esmeralda 118,158,782 109,926,715 97,746,036 7.5% 128,933,553 115,743,858
104,672,810 11.4%
9. Urbitec 49,840,413 44,779,166 40,098,011 11.3% 53,789,723 48,730,928 44,070,504 10.4%
10. Parque Virreyes 41,632,979 35,211,866 27,364,982 18.2% 44,383,357 38,302,659 30,687,698 15.9%
11. Torre Virreyes 586,588,137 470,534,734 331,486,619 24.7% 585,401,060 483,792,308 367,133,862 21.0%
Office Subtotal 796,220,311 660,452,481 496,695,648 20.6% 812,507,693 686,569,753 546,564,874 18.3%
Mixed Use                
12. Parque Alameda 42,563,698 37,190,212 37,226,905 14.4% 44,150,840 40,122,607 39,187,623 10.0%
13.1. Reforma 222 (Retail) 160,514,807 139,471,196 127,095,743 15.1% 131,986,032 116,351,721 116,628,924 13.4%
13.2. Reforma 222 (Office) 124,178,664 122,492,642 132,283,323 1.4% 129,976,365 131,407,742 121,389,289 -1.1%
14.1. Toreo (Retail) 408,463,230 359,448,587 332,188,887 13.6% 355,668,440 314,959,467 304,440,604 12.9%
14.2. Toreo (Tower A) 116,226,773 1,130,087 - NA 126,296,833 3,115,416 - NA
14.3. Toreo (Towers B and C) 225,318,590 183,342,571 52,278,757 22.9% 244,145,953 197,394,881 71,088,846 23.7%
14.4. Toreo (Hotel) 54,370,691 49,918,965 6,790,115 8.9% 55,406,333 50,982,303 6,828,360 8.7%
Mixed Use Subtotal 1,131,636,453 892,994,260 687,863,730 26.7% 1,087,630,796 854,334,137 659,563,646 27.3%
Total 4,158,713,561 3,271,145,539 2,407,343,868 27.1% 3,575,421,963 2,844,281,496 2,145,303,742 25.7%

Main operating indicators

  2018 2017 2016 Chg % / bp
Gross Leasable Area (000´ sqm) 882.1 771.7 694.6 14.3%
Occupancy Rate - Total Properties 90.6% 88.2% 85.8% 0.027
Occupancy Rate - Same Properties 98.3% 97.7% 97.6% 10
Average Monthly Fixed Rent per sqm 388.5 386.1 370.0 0.6%
Occupancy Cost 8.7% 8.7% 8.1% 70
Renewal Rate 98.1% 95.6% 99.6% -17
Tenant Sales - Total Properties (000´) $11,800,196,604 $10,256,669,048 $8,119,060,494 21.90%
Tenant Sales - Same Properties (000´) $40,788 $35,452 $36,767 21.70%
Flow of Visitors - Total Properties 110,167,072 93,784,020 77,420,526 20.30%
Flow of Visitors - Same Properties 21,765,469 43,018,312 42,612,589 1.00%
Delinquency Rate 0.26% 0.53% 0.29% 24
Rent Loss 0.63% 0.85% 0.24% 61
Lease Spread 5.81% 10.40% 7.10% 330