Mexican Real Estate Potentially Undervalued Companies

Fibra Shop

Market Cap: Mex$5.8b

FibraShop (BMV: FSHOP 13) is a unique real estate investment option in Mexico, distinguished by its specialization, highly experienced human capital in the commercial real estate sector, solid operational structure, and corporate governance.

FIBRA Macquarie México

Market Cap: Mex$24.9b

FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ12) is a real estate investment trust, or FIBRA, listed on the Mexican Stock Exchange, specializing in industrial, commercial, and office opportunities in Mexico, with a primary focus on stabilized, income-producing properties.

Macerich

Market Cap: Mex$4.4b

Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT).

Net Lease Office Properties

Market Cap: Mex$434.1m

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 37 high-quality office properties, totaling approximately 5.5 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis.

Fibra Nova

Market Cap: Mex$16.9b

Fibra Nova is headquartered in Mexico.

Crown Castle

Market Cap: Mex$40.8b

Crown Castle owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

Fideicomiso Irrevocable db/1616

Market Cap: Mex$3.5b

Fibra Inn is a Mexican trust formed primarily to acquire, develop, and rent a broad range of hotel properties for lodging in Mexico aimed at the business traveler.

Fibra Upsite

Market Cap: Mex$2.2b

Focuses on investment management specializing in financial advice, analysis, and portfolio management in Mexico.

Office Properties Income Trust

Market Cap: Mex$63.6m

OPI is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States.

Americold Realty Trust

Market Cap: Mex$5.1b

Americold is a global leader in temperature-controlled logistics real estate and value-added services.

Host Hotels & Resorts

Market Cap: Mex$10.6b

An S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels.

Fibra UNO

Market Cap: Mex$108.6b

Fibra UNO Trust was established as a Real Estate Investment Trust on January 12, 2011, by Fibra UNO Administración, SA de CV (the "Settlor") and Deutsche Bank México, SA, Institución de Banca Múltiple, División Fiduciaria (the "Trustee" or "Deutsche Bank").

FibraHotel

Market Cap: Mex$6.6b

A Mexican trust created primarily to acquire, develop, and operate hotels in Mexico.

Unite Group

Market Cap: Mex$3.5b

Unite was founded in 1991 in Bristol and has grown to become the UK's largest owner, manager, and developer of PBSA serving the country's world-leading higher education sector.

National Storage Affiliates Trust

Market Cap: Mex$4.3b

A real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States.

National Health Investors

Market Cap: Mex$3.4b

Incorporated in 1991, National Health Investors, Inc.

Sun Communities

Market Cap: Mex$16.5b

Established in 1975, Sun Communities, Inc.

Ventas

Market Cap: Mex$31.4b

Ventas, Inc. (NYSE: VTR) is a leading S&P 500 real estate investment trust enabling exceptional environments that benefit a large and growing aging population.

Gaming and Leisure Properties

Market Cap: Mex$13.4b

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

Alexandria Real Estate Equities

Market Cap: Mex$14.9b

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world.

Medical Properties Trust

Market Cap: Mex$2.9b

A self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

VICI Properties

Market Cap: Mex$34.0b

An S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

Fibra Danhos

Market Cap: Mex$44.6b

We are a Mexican trust constituted, primarily, to develop, own, lease, operate, and acquire iconic and premier-quality real estate assets in Mexico.

Iron Mountain

Market Cap: Mex$29.9b

Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds.

Apple Hospitality REIT

Market Cap: Mex$2.9b

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.