Added to YB: 2023-03-09
Pitch date: 2023-03-09
FMTY 14.MX [bullish]
Fibra Mty, S.A.P.I. de C.V.
Author Info
No bio for this author
Company Info
Fibra Mty, S.A.P.I. de C.V. is a real estate investment trust that initiated operations on December 11, 2014 identified by the number F/2157, and also as “Fibra Mty” or “FMTY”.
Market Cap
MXN 67.8B
Pitch Price
N/A
Price Target
N/A
Dividend
3.05%
EV/EBITDA
-660.22
P/E
17.14
EV/Sales
26.93
Sector
Industrial REITs
Category
dividend
Fibra MTY: 8% Monthly Dividend Yield On Mexican Industrial Properties
FMTY14.MX: Internally-managed Mexican industrial REIT, 8% monthly yield, trades ~12 pesos (slight discount to 13-peso book) for 5yrs despite reshoring boom. Just closed $662M acquisition at $12.20/sh, doubling portfolio to 75% industrial, 92% dollar rents, 98% occupancy. Overhang now lifted; ~7.5-8% cap rate; tenants incl Whirlpool, DHL, Oracle. Monterrey wins: Tesla, $2B steel plant. Re-rating catalyst as foreign investors discover it and yield compresses toward global cost of capital. High yield reflects 11% Mexican rates.
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