Fibra Mty

What Fibra Mty does

Fibra Mty is a Mexican Real Estate Investment Trust (FIBRA) listed on the Mexican Stock Exchange (BMV) under ticker FMTY14 and on OTC markets as FMTYF, and was the first FIBRA fully funded in the domestic market at its 2014 IPO. The trust manages a portfolio of more than 100 industrial and office properties spanning approximately 1.8 million m² of gross leasable area across Mexico's primary real estate markets, including Nuevo León, Coahuila, Guanajuato, Querétaro, Aguascalientes, Puebla, Chihuahua, and Tijuana. As of Q1 2026, occupancy stood above 95% with a 4.9-year weighted average lease term, and S&P Global Ratings upgraded the corporate credit rating from BBB- to BBB in June 2026. The portfolio is undergoing a deliberate transformation toward industrial assets, which already represent approximately 80% of total revenues as the company targets a 100% industrial REIT by end of 2027, having divested approximately 33% of its initial office portfolio and 95% of its retail portfolio.

The company's product offering centers on Certificados Bursátiles Fiduciarios Inmobiliarios (CBFIs) — exchange-traded real estate trust certificates that give investors liquid exposure to institutional-quality Mexican real estate with no minimum investment threshold. Fibra Mty is the only issuer on the BMV to distribute cash to investors monthly, with distributions generated from lease contracts that are predominantly U.S. dollar-denominated and inflation-indexed. Tenant relationships include global automotive supply chain operators and manufacturers such as Danfoss, which occupies a LEED Silver-certified facility in Apodaca, Nuevo León for the manufacturing of sensor components and compressors. The trust also operates an ESG/sustainability tracking system aligned with TCFD recommendations and GRESB standards, with Arc Energy, Water, and Waste Performance Certificates covering 75%, 72%, and 8% of GLA respectively.

Revenue is generated primarily through long-term lease contracts (subscription-recurring model), supplemented by capital appreciation on CBFI trading and tax-advantaged monthly cash distributions to holders (0% tax on capital reimbursement components under Mexican law). Growth has been funded through eight equity raises (most recently a ~US$500 million oversubscribed share offering in March 2026), a US$250 million bilateral loan from BBVA (September 2024), and a US$215 million syndicated credit facility led by Banorte (February 2026). The company is currently pursuing a public tender offer for FIBRA Macquarie valued at approximately US$1.7 billion with estimated annual synergies of US$35 million, alongside a potential dual listing in Mexico and the United States.

Name

Fibra Mty

Legal name

Fibra Mty, S.A.P.I. de C.V.

Website

https://fibramty.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Fibra Mty is a Mexican REIT (FIBRA) listed on the BMV that invests in industrial and office real estate across Mexico, serving retail and institutional investors through exchange-traded CBFIs offering monthly cash distributions and USD-denominated leases.

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust (REIT/FIBRA) - Industrial Real Estate

NAICS

Lessors of Real Estate (5311), Funds, Trusts, and Other Financial Vehicles (525), Rental and Leasing Services (532), Trust, Fiduciary, and Custody Activities (523991)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

Keywords

• Real estate investment trust
• Industrial property leasing
• Monthly cash distributions
• Portfolio property management
• Nearshoring industrial assets

Headquarters

HQ city

Monterrey

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Rental Income from Real Estate Portfolio: Primary revenue stream generated from long-term lease contracts on industrial and office properties. Leases are predominantly U.S. dollar-denominated and inflation-indexed, providing revenue stability and protection against currency devaluation. Properties are located in Mexico's main real estate markets.
2. Capital Appreciation: Investors generate returns through appreciation of CBFI (Real Estate Trust Certificates) value on the stock exchange, with gains from capital appreciation not subject to taxes.
3. Distribution Reimbursements: Cash distributions paid monthly to CBFI holders, sourced from net operating income from lease contracts. Distributions classified as capital reimbursements have 0% tax rate under Mexican law.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Fibra Mty is a Mexican Real Estate Investment Trust (FIBRA) that acquires, leases, and manages a portfolio of industrial and office properties across Mexico's main markets, funded through equity (CBFIs on BMV) and debt. The trust generates rental income from long-term, predominantly USD-denominated and inflation-indexed leases with corporate tenants and distributes monthly cash to CBFI holders — the only issuer on BMV to do so. The portfolio of 100+ properties totals 1.8+ million m² of gross leasable area with occupancy above 95% and a 4.9-year weighted average lease term.

Product overview

Fibra Mty is a Mexican Real Estate Investment Trust (FIBRA) that operates as a diversified property portfolio company. The core offering consists of industrial and office real estate properties across Mexico's main markets, accessible through Certificados Bursátiles Fiduciarios Inmobiliarios (CBFIs) traded on the Mexican Stock Exchange. The company generates returns through lease income from predominantly U.S. dollar-denominated and inflation-indexed contracts with high-quality tenants. Fibra Mty stands out as the only issuer on the Mexican Stock Exchange offering monthly cash distributions to investors. The portfolio has been strategically repositioned toward industrial properties, representing approximately 80% of total revenues, with ongoing divestment of office and retail holdings. Financing is supported through credit facilities and equity offerings, while the company maintains ESG commitments including LEED and EDGE certifications, GRESB participation, and TCFD-aligned climate reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Real Estate Portfolio High-quality industrial properties (warehouses and manufacturing facilities) located across Mexico's main real estate markets including Nuevo León, Coahuila, Guanajuato, Querétaro, Aguascalientes, Puebla, Tijuana, and Chihuahua. Properties support manufacturing, logistics, and supply chain operations for corporate tenants under long-term, predominantly USD-denominated and inflation-indexed lease contracts.
• Office Real Estate Portfolio Class A corporate office buildings in Mexico's primary markets (Monterrey, Guadalajara, and other major cities), managed by professional teams with extensive real estate sector experience. Includes properties such as offices in Monterrey under lease to corporate tenants.
• Certificados Bursátiles Fiduciarios Inmobiliarios (CBFIs) Real Estate Trust Certificates traded on the Mexican Stock Exchange (BMV) under ticker FMTY14 and OTC as FMTYF, representing ownership in Fibra Mty's property portfolio. Enables investors to participate in real estate investments with liquidity, diversification, and monthly cash distributions, with no minimum investment beyond a single CBFI.
• Monthly Cash Distributions Monthly cash distributions paid to CBFI holders, sourced from net operating income of lease contracts. Distributions are predominantly funded by USD-denominated, inflation-indexed lease contracts; distributions classified as capital reimbursements have a 0% tax rate under Mexican Income Tax Law.
• ESG/Sustainability Investment Platform ESG-focused investment vehicle providing exposure to real estate assets managed under sustainability frameworks, including LEED-certified and EDGE-certified properties, Arc Energy/Water/Waste performance tracking, GRESB submissions, TCFD-aligned climate disclosures, and CDP reporting. Aligned with UN Global Compact Ten Principles.

Quantifiable outcome

• Same-store NOI growth of 4.5% year-over-year in industrial portfolio (Q1 2026)
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Fibra MacquarieflagshipStrategic or Co-development Partner · 1 January 2026Fibra Mty launched a public tender offer for FIBRA Macquarie, positioning itself to build a larger industrial platform with estimated annual synergies of $35 million. This acquisition represents a major strategic consolidation in the Mexican industrial REIT sector.
• Global Automotive Supply Chain CompaniescoreOthersIndustrial tenants including global automotive supply chain operators lease Class A facilities from Fibra Mty. Example: 28,000m² property in Guanajuato fully occupied under 10-year dollar-denominated lease generating US$2.1 million NOI annually.

Scale indicators12 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Fibra Uno (FUNO): Mexico's largest and most diversified FIBRA, holding industrial, retail, and office properties. Directly comparable to Fibra Mty as a publicly listed Mexican REIT serving institutional and retail investors via the FIBRA structure, with overlapping property categories despite broader diversification.
• Fibra Prologis: Mexican industrial REIT affiliated with Prologis, focused on Class A logistics and industrial properties across Mexico. The most direct comparable for Fibra Mty's industrial repositioning strategy, as both target manufacturing and nearshoring-driven tenant demand with USD-denominated leases.
• Fibra Danhos: Mexican REIT specializing in premium office and retail properties in Mexico. Comparable as a domestic FIBRA peer, though Fibra Mty has divested most office/retail assets, the two operate within the same regulatory framework and compete for capital on the BMV.
• Fibra Macquarie: Mexican industrial REIT backed by Macquarie, currently the subject of Fibra Mty's public tender offer. Directly comparable as an industrial-focused Mexican REIT; post-acquisition, would be consolidated within Fibra Mty, making it the most direct portfolio-level peer.
• Vesta: Mexican industrial real estate developer and owner-operator with a portfolio of Class A industrial parks concentrated in nearshoring-relevant markets. Comparable business model of industrial property ownership and leasing, though Vesta is more development-focused while Fibra Mty is a pure landlord REIT.
• Terrafina: Mexican industrial REIT (previously publicly listed on BMV, now private following PSPIB acquisition) that was historically one of the largest industrial property owners in Mexico. Closely comparable industrial REIT peer; relevant as a benchmark for industrial REIT valuation and strategy in Mexico.
• Fibra HD: Mexican FIBRA focused on industrial and retail properties. Comparable as a domestic REIT peer operating within the same regulatory framework and competing for capital on the BMV with similar industrial real estate exposure.
• Fibra Shop: Mexican FIBRA specializing in retail shopping centers. Comparable as a domestic REIT peer regulated under the same FIBRA framework, though focused on retail rather than industrial, providing a contrast in sector concentration strategies.

Broad incumbents

• Prologis: Global industrial REIT leader, parent of Fibra Prologis and dominant in Mexico's industrial real estate market. Comparable as the global benchmark for industrial REIT economics and valuation multiples, and operates the closest Mexican subsidiary competing directly with Fibra Mty for tenant relationships.

Others

• Essex Property Trust: US REIT peer for indirect benchmarking on institutional REIT governance, capitalization structure, and investor communications practices. While asset class differs (residential rather than industrial), Essex serves as a comparable for FIBRA structure optimization and CBFI investor relations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/fibra_mty
• YouTubeyoutube.com/channel/UCPxJkA3IWjwwIs0lf_tZ_bg/videos
• LinkedInlinkedin.com/company/fibramty

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fibra Mty