(102-7)
| Fibra Danhos | For the twelve months ended | ||
|---|---|---|---|
| Financial indicators | Dec. 31, 2021 | Dec. 31, 2020 | Change |
| Total revenues (before discounts) | 5,104,398,466 | 5,403,177,509 | -5.5% |
| Non collectible billed COVID-19 | (223,424,715) | (459,207,060) | -51.3% |
| Non collectible reserve COVD-19 | (114,794,688) | (302,258,642) | -62.0% |
| Total revenues (after discounts) | 4,766,179,063 | 4,641,711,807 | 2.7% |
| Net operating income | 3,837,561,132 | 3,732,620,141 | 2.8% |
| EBITDA | 3,065,916,445 | 2,966,818,528 | 3.3% |
| Net income | 2,804,001,154 | 2,644,003,685 | 6.1% |
| FFO | 2,747,573,127 | 2,627,642,848 | 4.6% |
| AFFO | 3,239,002,708 | 2,992,306,736 | 8.2% |
| FFO AMEFIBRA | 3,402,504,309 | 3,277,537,601 | 3.8% |
| Payout to CBFI holders | 2,943,471,795 | 1,453,363,919 | 102.5% |
| CBFIs with Economic Rights (ER) | 1,470,919,985 | 1,453,363,919 | 1.2% |
| AFFO per CBFI with ER | 2.2020 | 2.0743 | 6.2% |
| Onetime consideration (flow) per CBFI with ER | 2.4100 | 2.3064 | 4.5% |
| Payout per CBFI with ER | 0.0744 | 0.0524 | 41.9% |
| Distribution per CBFI with ER | 2.0011 | 1.0000 | 100.1% |
| Retained AFFO per CBFI with ER | 0.2009 | 1.0743 | -81.3% |
| Percentage AFFO payout | 90.9% | 48.2% | 88.5% |
| Fibra Danhos portfolio | Year opened | State/Municipality | GLA | % of GLA | Occupancy | Parking spaces |
|---|---|---|---|---|---|---|
| Operating portfolio | ||||||
| Retail | ||||||
| 1. Parque Alameda | 2003 | Cuauhtémoc, Mexico City | 15,755 | 1.7% | 95.0% | 308 |
| 2. Parque Delta | 2005/2016 (expansion) | Benito Juárez, Mexico City | 70,831 | 7.6% | 97.0% | 2,999 |
| 3. Parque Duraznos | 2000 | Miguel Hidalgo, Mexico City | 16,396 | 1.8% | 88.9% | 1,002 |
| 4. Parque Las Antenas | 2018 | Iztapalapa, Mexico City | 108,830 | 11.8% | 85.4% | 4,351 |
| 5. Parque Lindavista | 2006 | Gustavo A. Madero, Mexico City | 41,600 | 4.5% | 98.2% | 2,254 |
| 6.1 Reforma 222 (Retail) | 2007 | Cuauhtémoc, Mexico City | 24,291 | 2.6% | 92.7% | 1,438 |
| 7.1 Parque Puebla | 2017 | Puebla, Puebla | 71,360 | 7.7% | 73.2% | 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% | 98.2% | 3,045 |
| 9.1 Toreo Parque Central (Retail) | 2014 | Naucalpan, Mexico State | 92,703 | 10.0% | 95.2% | 3,400 |
| 9.2 Toreo (Hotel) | 2016 | Naucalpan, Mexico State | 17,297 | 1.9% | 100.0% | 400 |
| 10. Vía Vallejo | 2016 | Azcapotzalco, Mexico City | 83,894 | 9.1% | 94.5% | 4,499 |
| Subtotal Retail | 620,870 | 67.0% | 91.5% | 27,170 | ||
| Offices | ||||||
| 6.2 Reforma 222 (Offices) | 2007 | Cuauhtémoc, Mexico City | 20,402 | 2.2% | 68.5% | 288 |
| 9.3 Toreo (Towers B and C) | 2016 | Naucalpan, Mexico State | 68,477 | 7.4% | 72.8% | 1,314 |
| 9.4 Toreo (Tower A) | 2017 | Naucalpan, Mexico State | 58,560 | 6.3% | 34.0% | 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 | 68,008 | 7.3% | 98.5% | 2,251 |
| 13. Urbitec | 2009 | Miguel Hidalgo, Mexico City | 12,879 | 1.4% | 35.2% | 316 |
| 14. Parque Virreyes | 1989 | Miguel Hidalgo, Mexico City | 7,783 | 0.8% | 69.7% | 251 |
| Subtotal offices | 270,260 | 29.2% | 72.1% | 7,371 | ||
| Total operating portfolio | 891,130 | 96.2% | 85.6% | 34,541 | ||
| Portfolio under development | ||||||
| Retail | ||||||
| 15. Parque Tepeyac | 2022e | Gustavo A. Madero, Mexico City | 35,000 | 3.8% | NA | 2,000 |
| Subtotal retail | 35,000 | 3.8% | NA | 2,000 | ||
| Current portfolio under development | 35,000 | 3.8% | NA | 2,000 | ||
| Total portfolio | 926,130 | 100.0% | 85.6% | 36,541 | ||
| Subtotal / Wtd. Average retail | 655,870 | 70.8% | 91.5% | 29,170 | ||
| Subtotal / Wtd. Average offices | 270,260 | 29.2% | 72.1% | 7,371 | ||
In the second half of 2021, we reduced our debt and maintained our sound liquidity profile. We met our Capex commitment using the cash we generated, paid off part of our revolving line of credit and increased our cash position.
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.
