FIBRA Macquarie México

BMV:FIBRAMQ 12 Stock Report

Market Cap: Mex$34.4b

FIBRA Macquarie México Future Growth

Future criteria checks 4/6

FIBRA Macquarie México is forecast to grow earnings and revenue by 37.5% and 5.8% per annum respectively. EPS is expected to grow by 37.9% per annum. Return on equity is forecast to be 6.8% in 3 years.

Key information

37.5%

Earnings growth rate

37.92%

EPS growth rate

Industrial REITs earnings growth9.2%
Revenue growth rate5.8%
Future return on equity6.82%
Analyst coverage

Good

Last updated06 Aug 2026

Recent future growth updates

Recent updates

Narrative Update • Aug 17

FIBRAMQ 12: Post Acquisition Outlook Will Balance Upside And Tender Offer Risks

Analysts have adjusted their view on FIBRA Macquarie México, cutting the price target from MX$75.99 to MX$48.00 as they update assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Fibra Mty, S.A.P.I. de C.V. completed the acquisition of FIBRA Macquarie México on May 29, 2026, following a tender and exchange offer for up to 100% of Fibra Macquarie’s outstanding CBFIs. Source: Key Developments.
Narrative Update • Jun 22

FIBRAMQ 12: Acquisition Terms And Tijuana Land Will Pressure Future Returns

The analyst price target for FIBRA Macquarie México has shifted from MX$39.00 to MX$40.00, with analysts pointing to updated assumptions on growth, profitability and P/E, even as some recent Street research has turned more cautious on the stock. What's in the News for FIBRA Macquarie México Fibra Mty, S.A.P.I. de C.V. announced an intention to acquire FIBRA Macquarie México for MXN 36b, with a proposed exchange of 3 Fibra Mty CBFIs for each 1 FIBRA Macquarie CBFI, based on Fibra Mty’s closing price of MXN 14.64 per CBFI as of March 18, 2026.
Narrative Update • Jun 05

FIBRAMQ 12: Tender Offer Resolution Will Support Future Upside Potential

Analysts have nudged their MX$74.18 price target on FIBRA Macquarie México to MX$76.00, reflecting updated views on discount rate, growth and margin assumptions following recent, more cautious Street research. What's in the News Fibra Mty, S.A.P.I. de C.V. expressed an intention to acquire FIBRA Macquarie México for MX$36b on March 18, 2026 via a tender and exchange offer for up to 100% of its outstanding CBFIs, with an initial exchange ratio of 3 Fibra Mty CBFIs for each 1 FIBRA Macquarie CBFI and an implied price of MX$43.92 per FIBRA Macquarie CBFI, plus an option for cash consideration of MX$41 per CBFI, subject to a maximum aggregate cash amount of approximately MX$8.294m.
Narrative Update • May 10

FIBRAMQ 12: Tijuana Land Expansion Will Pressure Execution And Future Returns

Analysts have adjusted their MX$39.00 price target for FIBRA Macquarie México, citing updated assumptions on revenue growth, margins and future P/E. Some research has turned more cautious, although the fair value estimate remains at MX$39.00.
Narrative Update • Apr 25

FIBRAMQ 12: Large Tijuana Land Deal Will Threaten Future Returns

Analysts have raised their price target for FIBRA Macquarie México from MX$30.60 to MX$39.00, citing updated assumptions related to the discount rate, revenue growth, profit margin and future P/E. What's in the News FIBRA Macquarie México agreed to acquire a 124 hectare land parcel along Tijuana's Boulevard 2000 submarket for US$113.8m, excluding transaction costs and taxes (Key Developments).
Narrative Update • Apr 10

FIBRAMQ 12: Tijuana Land Bank Expansion Will Support Future Upside

Analysts have nudged their price target for FIBRA Macquarie México up from MX$72.44 to MX$74.18, citing updated assumptions around revenue, profit margins and future P/E that fine tune their outlook rather than changing it dramatically. What's in the News FIBRA Macquarie México agreed to acquire a 124 hectare land parcel along Tijuana's Boulevard 2000 submarket for US$113.8 million, excluding transaction costs and taxes (Key Developments).
Narrative Update • Mar 26

FIBRAMQ 12: Higher Future P E And Weaker Margins Will Pressure Returns

Analysts have trimmed their MX$ price target on FIBRA Macquarie México, reflecting updated assumptions that include a lower discount rate, a much lower projected profit margin at 68.19% compared with the prior 95.04%, a higher expected future P/E of 11.39 versus 6.75, and a shift from previously positive to slightly negative revenue growth expectations. What's in the News FIBRA Macquarie México agreed to acquire a 124 hectare land parcel along Tijuana's Boulevard 2000 submarket for US$113.8 million, excluding transaction costs and taxes (Key Developments).
Narrative Update • Mar 12

FIBRAMQ 12: Tijuana Industrial Park Development Will Support Future Upside

Analysts have nudged their price target for FIBRA Macquarie México higher to MX$72.44 from MX$68.10, reflecting updated assumptions that include a slightly lower discount rate, marginally stronger revenue growth, a firmer profit margin, and a higher expected future P/E multiple. What's in the News FIBRA Macquarie México agreed to acquire a 124 hectare land parcel along Tijuana's Boulevard 2000 submarket for US$113.8m, excluding transaction costs and taxes (Key Developments).
Narrative Update • Feb 25

FIBRAMQ 12: Tijuana Industrial Development Will Support Future Upside

Analysts have adjusted their price target on FIBRA Macquarie México from MX$67.21 to MX$68.10. This reflects updates to their models that now incorporate revised assumptions for discount rates, revenue growth, profit margins and future P/E multiples.
Narrative Update • Feb 10

FIBRAMQ 12: Lower Future P/E Will Undermine Optimistic Profit Margin Assumptions

Narrative Update Analysts have kept their price target on FIBRA Macquarie México broadly steady at $30.60, supported by updated assumptions that include an unchanged fair value estimate, a slightly revised discount rate and revenue growth outlook, and a lower future P/E multiple alongside a higher projected profit margin. Valuation Changes Fair Value Estimate: Held steady at MX$30.60 per certificate, indicating no change in the central valuation anchor.
Narrative Update • Jan 27

FIBRAMQ 12: Higher Discount Rate Will Challenge Optimistic Profit Margin Assumptions

Analysts have adjusted their price target for FIBRA Macquarie México from MX$29.04 to MX$30.60, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. Valuation Changes Fair value estimate was adjusted from MX$29.04 to MX$30.60 per certificate, reflecting a modest upward revision in the model output.
Narrative Update • Jan 12

FIBRAMQ 12: Future Earnings Multiple Compression Will Support Upside After Market Perform Downgrade

Analysts have reduced their 12 month price target for FIBRA Macquarie México to MX$34. This reflects updated assumptions for growth, profitability and a lower forward P/E multiple, and aligns with the recent Street move to downgrade the units to Market Perform.
Narrative Update • Dec 26

FIBRAMQ 12: Future Distribution Gains Will Drive Upside Despite Market Perform Downgrade

Analysts have slightly reduced their price target on FIBRA Macquarie México, trimming fair value by roughly MXN 0.07 per certificate. They now expect stronger revenue growth and higher profit margins, but apply a lower future P E multiple and a modestly lower discount rate, aligning with the recent downgrade to Market Perform.
Narrative Update • Dec 12

FIBRAMQ 12 Robust Industrial Demand Will Support Earnings Visibility And Upside Potential

Analysts have raised their price target on FIBRA Macquarie México from MXN 46.0 to MXN 67.3, citing slightly stronger expected revenue growth, higher projected profit margins, and an expanded future P/E multiple despite a modest uptick in the discount rate. Analyst Commentary Bullish analysts highlight that the new price target implies meaningful upside from current levels, arguing that the market is underappreciating FIBRA Macquarie México's earnings visibility and balance sheet strength.
Narrative Update • Oct 29

Downgrade and Cautious Outlook Will Limit Market Upside Despite New Acquisitions

Analysts have reduced their price target for FIBRA Macquarie México from MXN 36.42 to MXN 34.00. They cite updated valuation models and recent sector performance as key factors in the downward revision.
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New Narrative • Feb 09

Mexico's Nearshoring Trend Will Boost Industrial Real Estate, But Infrastructure Challenges Loom

FIBRA Macquarie's industrial development and nearshoring trend alignments are set to boost revenue and earnings growth with strategic government support.

Earnings and Revenue Growth Forecasts

BMV:FIBRAMQ 12 - Analysts future estimates and past financials data (MXN Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20285,8333,250N/A2,8236
12/31/20275,4672,953N/A2,5776
12/31/20265,0383,901N/A3,4956
6/30/20265,0073992,0143,211N/A
3/31/20265,075-1,4352,0303,022N/A
12/31/20255,165-2,3831,8472,886N/A
9/30/20255,0922601,3863,059N/A
6/30/20255,0714,3711,2633,346N/A
3/31/20254,88911,0261,8693,624N/A
12/31/20244,69611,9241,9543,509N/A
9/30/20244,64310,3961,7263,215N/A
6/30/20244,3669,2222,2372,979N/A
3/31/20244,2645,8341,8192,896N/A
12/31/20234,2073,9671,3802,839N/A
9/30/20234,3082,6208633,017N/A
6/30/20234,2541,4761,6423,005N/A
3/31/20234,1821,8662,0263,311N/A
12/31/20224,1622,8482,2093,275N/A
9/30/20223,9567,7792,3083,233N/A
6/30/20223,9908,1712,2463,129N/A
3/31/20223,9556,4811,8412,927N/A
12/31/20213,9127,7921,9002,824N/A
9/30/20214,1821,0713,1823,490N/A
6/30/20214,160-2882,6073,549N/A
3/31/20214,118-1,7822,9703,594N/A
12/31/20204,0951,6032,8873,604N/A
9/30/20203,8313,1902,3343,011N/A
6/30/20203,7763,8412,3333,013N/A
3/31/20203,7905,114N/A2,908N/A
12/31/20193,746536N/A3,053N/A
9/30/20193,7072,149N/A2,884N/A
6/30/20193,633777N/A2,770N/A
3/31/20193,6242,835N/A2,903N/A
12/31/20183,6182,017N/A2,804N/A
9/30/20183,5483,115N/A2,907N/A
6/30/20183,5484,649N/A2,892N/A
3/31/20183,5402,503N/A2,701N/A
12/31/20173,5531,840N/A2,834N/A
9/30/20173,5591,195N/A2,756N/A
6/30/20173,5631,278N/A2,927N/A
3/31/20173,5053,083N/A3,423N/A
12/31/20163,4254,961N/A3,245N/A
9/30/20163,3124,108N/A3,113N/A
6/30/20163,2094,957N/A2,785N/A
3/31/20163,0323,913N/A2,188N/A
12/31/20152,8073,908N/A2,124N/A
9/30/20152,6584,848N/A1,942N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FIBRAMQ 12's forecast earnings growth (37.5% per year) is above the savings rate (9.1%).

Earnings vs Market: FIBRAMQ 12's earnings (37.5% per year) are forecast to grow faster than the MX market (8.1% per year).

High Growth Earnings: FIBRAMQ 12's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FIBRAMQ 12's revenue (5.8% per year) is forecast to grow faster than the MX market (5.7% per year).

High Growth Revenue: FIBRAMQ 12's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FIBRAMQ 12's Return on Equity is forecast to be low in 3 years time (6.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/20 03:27
End of Day Share Price 2026/08/19 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FIBRA Macquarie México is covered by 17 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Antonio Hernandez Velez LeijaActinver Case de Bolsa, S.A. de C.V.
Pablo Monsivais MendozaBarclays
Rodolfo Ramos CevallosBradesco S.A. Corretora de Títulos e Valores Mobiliários