(102-7)
| Fibra Danhos | For the twelve months ended | ||
|---|---|---|---|
| Financial indicators | Dec. 31, 2020 | Dec. 31, 2019 | Variation |
| Total revenues (before discounts) | 5,403,177,509 | 5,794,455,671 | -6.8% |
| Non collectible billed COVID-19 | (459,207,060) | - | NA |
| Non collectible reserve COFID-19 | (302,258,642) | - | NA |
| Total revenues (after discounts) | 4,641,711,807 | 5,794,455,671 | -19.9% |
| Net operating income | 3,732,620,141 | 4,701,411,419 | -20.6% |
| EBITDA | 2,966,818,528 | 3,946,758,448 | -24.8% |
| Net income | 2,644,003,685 | 4,104,766,090 | -35.6% |
| FFO | 2,627,642,848 | 3,561,563,983 | -26.2% |
| AFFO | 2,992,306,736 | 3,900,564,424 | -23.3% |
| FFO AMEFIBRA | 3,279,210,721 | 4,201,265,408 | -21.9% |
| Payout to CBFI holders | 1,453,363,919 | 3,496,063,839 | -58.4% |
| CBFIs with Economic Rights (ER) | 1,453,363,919 | 1,415,410,461 | 2.7% |
| AFFO per CBFI with ER | 2.0743 | 2.7558 | -24.7% |
| One-time consideration (flow) per CBFI with ER | 2.3064 | 3.0294 | -23.9% |
| Payout per CBFI with ER | 0.0524 | 0.1202 | -56.4% |
| Distribution per CBFI with ER | 1.0000 | 2.4700 | -59.5% |
| Retained AFFO per CBFI with ER | 1.0743 | 0.2858 | 275.9% |
| Percentage AFFO payout | 48.2% | 89.6% | -46.2% |
In the second half of 2020 we paid off withdrawals against our revolving line of credit in advance, and in early July we made a scheduled debt service payment of $226.2 million pesos on time. Our liquidity needs are covered by a committed line of credit totaling $2 billion pesos.
Also in the second half of last year, Fitch ratings ratified its AAA rating with a stable outlook for the Danhos16 and Danhos17 issues, citing our solid balance sheet structure, low leverage and portfolio of high-quality and lien-free properties.
| Fibra Danhos Portfolio | Year opened | State / Municipality | GLA m2 | % GLA | Occupancy | Parking spaces |
|---|---|---|---|---|---|---|
| Properties in Operation | ||||||
| Retail | ||||||
| 1. Parque Alameda | 2003 | Cuauhtémoc, Mexico City | 15,755 | 1.7% | 99.4% | 308 |
| 2. Parque Delta | 2005/2016 (expansion) | Benito Juárez, Mexico City | 70,825 | 7.6% | 99.4% | 2,999 |
| 3. Parque Duraznos | 2000 | Miguel Hidalgo, Mexico City | 16,389 | 1.8% | 89.8% | 1,002 |
| 4. Parque Las Antenas | 2018 | Iztapalapa, Mexico City | 108,830 | 11.7% | 85.7% | 4,351 |
| 5. Parque Lindavista | 2006 | Gustavo A. Madero, Mexico City | 41,600 | 4.5% | 97.8% | 2,254 |
| 6.1 Reforma 222 (Retail) | 2007 | Cuauhtémoc, Mexico City | 24,291 | 2.6% | 90.8% | 1,438 |
| 7.1 Parque Puebla | 2017 | Puebla, Puebla | 71,360 | 7.7% | 73.9% | 3,404 |
| 7.2 Parque Puebla (Hotel) | 2019 | Puebla, Puebla | 9,596 | 1.0% | 100.0% | 70 |
| 8. Parque Tezontle | 2007/2015 (expansion) | Iztapalapa, Mexico City | 68,317 | 7.4% | 96.6% | 3,045 |
| 9.1 Toreo Parque Central (Retail) | 2014 | Naucalpan, Mexico State | 92,703 | 10.0% | 94.9% | 3,400 |
| 9.2 Toreo (Hotel) | 2016 | Naucalpan, Mexico State | 17,297 | 1.9% | 100.0% | 400 |
| 10. Vía Vallejo | 2016 | Azcapotzalco, Mexico City | 84,619 | 9.1% | 94.5% | 4,499 |
| Retail Subtotal | 621,582 | 67.1% | 91.8% | 27,170 | ||
| Offices | ||||||
| 6.2 Reforma 222 | (Offices) 2007 | Cuauhtémoc, Mexico City | 20,398 | 2.2% | 76.0% | 288 |
| 9.3 Toreo (Towers B & C) | 2016 | Naucalpan, Mexico State | 64,432 | 7.0% | 82.3% | 1,314 |
| 9.4 Toreo (Tower A) | 2017 | Naucalpan, Mexico State | 62,605 | 6.8% | 31.3% | 1,315 |
| 11. Parque Esmeralda | 2000 | Tlalpan, Mexico City | 34,151 | 3.7% | 100.0% | 1,636 |
| 12. Torre Virreyes | 2015 | Miguel Hidalgo, Mexico City | 67,878 | 7.3% | 98.5% | 2,251 |
| 13. Urbitec | 2009 | Miguel Hidalgo, Mexico City | 12,912 | 1.4% | 38.8% | 316 |
| 14. Parque Virreyes | 1989 | Miguel Hidalgo, Mexico City | 7,783 | 0.8% | 90.7% | 251 |
| Office Subtotal | 270,159 | 29.2% | 74.5% | 7,371 | ||
| Total portfolio in current operation | 891,741 | 96.2% | 86.5% | 34,541 | ||
| Current development portfolio | ||||||
| Retail | ||||||
| 15. Parque Tepeyac | 2020-2021e | Gustavo A. Madero, Mexico City | 35,000 | 3.8% | NA | 2,000 |
| Retail Subtotal | 35,000 | 3.8% | NA | 2,000 | ||
| Total current development portfolio | 35,000 | 3.8% | NA | 2,000 | ||
| Total portfolio | 926,741 | 100.0% | 86.7% | 36,541 | ||
| Subtotal/wtd. avge. retail | 656,582 | 70.8% | 91.8% | 29,170 | ||
| Subtotal/wtd. avge. offices | 270,159 | 29.2% | 74.5% | 7,371 | ||
