Fibra Danhos

What Fibra Danhos does

Fibra Danhos is a Mexican Real Estate Investment Trust (FIBRA) structured as an irrevocable trust (Fideicomiso 17416-3) and externally administered by Administradora Fibra Danhos, S.C. The trust completed its IPO on the Mexican Stock Exchange (BMV: DANHOS13; international OTC: GRFFF) in October 2013 and develops, leases, operates and acquires iconic, premier-quality commercial real estate assets primarily across the Mexico City Metropolitan Area. As of Q4 2025, the portfolio comprises 15 income-producing properties spanning 1.25 million square meters of gross leasable area (up 15% year-over-year), segmented across shopping centers (7), offices (4), mixed-use developments (4) and industrial parks, with a 91.5% overall occupancy rate and 100+ million annual visitors across the retail portfolio.

Revenue is generated through four streams: fixed rent (~65.1% of total operating income) from long-term leases across retail, office, industrial and mixed-use assets; variable rent (~6.2%) tied to tenant sales; parking revenue (~8.3%); and maintenance, operations and advertising service fees (~16.5%). The trust's 2023 total operating revenue was MXN 6.189 billion, with Q4 2025 showing 6.5% quarter-over-quarter and 11.8% year-over-year growth. Fibra Danhos operates a conservative balance sheet with leverage of 13.5% as of Q4 2025, AAA local credit ratings from HR Ratings and Fitch with Stable Outlook, a quarterly distribution policy of MXN 0.45 per CBFI, and has issued MXN 2.5 billion in Sustainability-Linked Bonds (oversubscribed ~3x) alongside MXN 3.0B (DANHOS16) and MXN 2.5B (DANHOS17) long-dated bonds. ESG integration is material: 21.87% of operational area is LEED-certified, the portfolio includes water treatment plants and Mexico City's largest solar carport (1.25 MWp at Parque Las Antenas), Sustainalytics rates ESG risk at 9.6 (negligible), and Fibra Danhos has been included in the S&P Global Sustainability Yearbook in both 2025 and 2026. The internal team comprises 369 collaborators, supplemented by 1,923 external fixed collaborators for cleaning, security, gardening and paramedic services.

Name

Fibra Danhos

Legal name

Banamex Fibra Danhos Fideicomiso 17416-3 y Administradora Fibra Danhos, S.C.

Website

https://fibradanhos.com.mx

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate (REIT)

NAICS

Trust, Fiduciary, and Custody Activities (523991)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

Keywords

• Commercial real estate
• Real estate investment trust
• Shopping center operations
• Office leasing
• Industrial parks

Headquarters

HQ city

Miguel Hidalgo

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, Supply Chain, Technology or R&D

Revenue model

1. Fixed Rent: Base rental income from tenants in commercial, office, industrial, and mixed-use properties. Represents approximately 65.1% of total operating income.
2. Variable Rent: Percentage-of-sales rent from retail tenants, representing approximately 6.2% of total operating income.
3. Parking Revenue: Income from parking facilities at properties, representing approximately 8.3% of total operating income.
4. Maintenance, Operation, and Advertising: Service fees from tenants for common area maintenance, operations, and advertising, representing approximately 16.5% of total operating income.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Fibra Danhos is a Mexican Real Estate Investment Trust (FIBRA) that develops, leases, operates and acquires iconic, premier-quality commercial real estate assets in Mexico, primarily in the Mexico City Metropolitan Area. Its portfolio comprises 15 properties across shopping centers, offices, mixed-use projects and industrial parks totaling approximately 1.25 million square meters of gross leasable area. The trust generates recurring rental income from enterprise tenants under fixed-rent and percentage-of-sales lease structures.

Product overview

Fibra Danhos is a Mexican Real Estate Investment Trust (FIBRA) operating a diversified portfolio of premier real estate assets. The company operates four core property segments: Shopping Centers (7 properties), Offices (4 properties), Mixed-Use Projects (4 properties), and Industrial Parks (1 property). Key properties include Parque Tepeyac, Parque Puebla, Parque Lindavista, Parque Virreyes, Torre Virreyes, and Toreo Parque Central. The portfolio spans approximately 1.25 million square meters of gross leasable area with 91.5% occupancy, serving over 100 million visitors annually. Recent developments include Parque Las Antenas solar carport (1.25 MWp) and the announced Parque Oaxaca development (MX$6 billion, 40,000 sqm).

Differentiator

Problem solved

Functional benefit

Products and services

• Shopping Centers (Centros Comerciales)

Quantifiable outcome

• 100+ million annual visitors across portfolio
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• CalizacoreStrategic or Co-development Partner · 20 February 2026Caliza and Fibra Danhos completed Mexico City's largest solar carport installation at Parque Las Antenas, featuring 2,171 solar panels with 1.25 MWp capacity and projected annual generation of 1.79 GWh. Expected to avoid more than 780 metric tons of CO₂ equivalent per year.
• Fibra HotelcoreStrategic or Co-development Partner50-50 joint venture with Fibra Hotel for development of a luxury hotel brand in an exclusive location on the Yucatán Peninsula.
• La CanaminorOthersSocial partnership providing free retail space for La Cana's products, supporting social reintegration of women deprived of liberty. Generated sales of $287,404.47 providing work to approximately 28 women monthly.
• AMEFIBRAcoreOthersFibra Danhos CEO Salvador Daniel serves as President of AMEFIBRA's Board of Directors. Association represents Mexican Real Estate Investment Trusts with 79% of member FIBRAs conducting gender pay gap assessments.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Fibra Uno: Fibra Uno is Mexico's largest diversified REIT, operating across retail, office, industrial, and mixed-use assets in Mexico. It is the most direct publicly traded comparable to Fibra Danhos in business model, FIBRA structure, and Mexican geographic exposure.
• Fibra Macquarie: Fibra Macquarie is a Mexican REIT focused on retail and industrial properties, managed by Macquarie. Comparable to Fibra Danhos in FIBRA structure and Mexican commercial real estate exposure, though with a more retail/industrial tilt versus Danhos' mixed-use emphasis.
• Fibra Terrafina: Fibra Terrafina is a Mexican industrial-focused REIT with a portfolio of logistics, manufacturing, and distribution facilities. Comparable as a publicly traded FIBRA peer and relevant given Fibra Danhos' growing industrial segment.
• Fibra Prologis: Fibra Prologis is a Mexican industrial REIT backed by Prologis, focused on logistics properties. Comparable as a FIBRA peer, particularly relevant as Fibra Danhos expands its industrial parks footprint in the Mexico City area.
• Fibra Shop: Fibra Shop is a Mexican REIT specializing exclusively in shopping centers, making it a close comparable to Fibra Danhos' retail segment (7 shopping centers). Useful for benchmarking retail-specific occupancy, variable rent, and visitor metrics.
• Fibra Hotel: Fibra Hotel is a Mexican hotel-focused REIT and a 50-50 joint venture partner with Fibra Danhos for luxury hotel development on the Yucatán Peninsula. Comparable as a publicly traded FIBRA peer with adjacent hospitality exposure.

Emerging players

• Vesta: Vesta is a Mexican real estate company focused on industrial parks and logistics facilities. Comparable to Fibra Danhos' industrial segment expansion and provides a benchmark for industrial real estate development in Mexico.
• Fibra Vinte: Fibra Vinte is a Mexican REIT focused on affordable and middle-income housing. Comparable as a publicly traded FIBRA peer though with a different asset class (residential vs. Danhos' commercial focus).

Regional players

• RLH Properties: RLH Properties is a Mexican luxury hotel and resort operator/owner. Comparable to Fibra Danhos' hospitality JV strategy and similar Mexico-focused luxury asset positioning, though structured as an operating company rather than a REIT.

Others

• Corporación Inmobiliaria Vesta: Vesta is a Mexican industrial real estate developer and owner comparable to Fibra Danhos' industrial parks expansion. Provides a useful reference for industrial real estate valuation and development economics in Mexico.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fibradanhos
• LinkedInlinkedin.com/company/fibra-danhos

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

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

M&A

Investments

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

Frequently asked questions about Fibra Danhos