Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Mexican (IPC) Real Estate Sector Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.5%
  • 3M1.1%
  • 1Y15.4%
  • YTD-0.5%

Over the last 7 days, the Real Estate industry has dropped 2.9%, driven by declines in Fibra UNO and FIBRA Prologis of 6.7% and 5.6%, respectively. Over the past 12 months, the industry was up 15%. Earnings are forecast to grow by 6.8% annually.

Sector Valuation and Performance

Has the Mexican Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026Mex$553.8bMex$100.9bMex$59.9b8.2x9.3x5.5x
Wed, 11 Feb 2026Mex$610.1bMex$106.4bMex$57.7b9.2x10.6x5.7x
Fri, 09 Jan 2026Mex$587.9bMex$106.6bMex$57.7b8.9x10.2x5.5x
Sun, 07 Dec 2025Mex$575.2bMex$106.6bMex$57.8b8.7x9.9x5.4x
Tue, 04 Nov 2025Mex$558.3bMex$100.7bMex$54.3b8.9x10.3x5.5x
Thu, 02 Oct 2025Mex$572.7bMex$104.9bMex$65.2b7x8.8x5.5x
Sat, 30 Aug 2025Mex$551.0bMex$105.0bMex$65.2b7.3x8.5x5.2x
Mon, 28 Jul 2025Mex$552.5bMex$102.9bMex$70.4b7.7x7.8x5.4x
Wed, 25 Jun 2025Mex$556.1bMex$100.6bMex$70.0b7.6x7.9x5.5x
Fri, 23 May 2025Mex$549.6bMex$98.9bMex$68.3b7.2x8.1x5.6x
Sun, 20 Apr 2025Mex$528.4bMex$95.2bMex$77.9b7.5x6.8x5.5x
Tue, 18 Mar 2025Mex$540.3bMex$91.9bMex$78.0b7x6.9x5.9x
Thu, 13 Feb 2025Mex$534.8bMex$83.5bMex$73.7b7.3x7.3x6.4x
Sat, 11 Jan 2025Mex$506.9bMex$83.4bMex$73.3b7.3x6.9x6.1x
Mon, 09 Dec 2024Mex$510.8bMex$81.8bMex$71.9b7.5x7.1x6.2x
Wed, 06 Nov 2024Mex$530.5bMex$81.7bMex$71.9b7.5x7.4x6.5x
Fri, 04 Oct 2024Mex$508.9bMex$78.6bMex$71.9b7x7.1x6.5x
Sun, 01 Sep 2024Mex$505.9bMex$78.7bMex$72.0b7.1x7x6.4x
Tue, 30 Jul 2024Mex$498.1bMex$78.5bMex$71.9b7.1x6.9x6.3x
Thu, 27 Jun 2024Mex$501.6bMex$78.1bMex$69.7b5.8x7.2x6.4x
Sat, 25 May 2024Mex$529.2bMex$77.7bMex$69.1b5.9x7.7x6.8x
Mon, 22 Apr 2024Mex$526.7bMex$76.0bMex$68.2b6x7.7x6.9x
Wed, 20 Mar 2024Mex$533.9bMex$79.2bMex$63.5b7.2x8.4x6.7x
Fri, 16 Feb 2024Mex$540.7bMex$78.0bMex$70.9b6.6x7.6x6.9x
Sun, 14 Jan 2024Mex$644.2bMex$87.1bMex$68.6b9.5x9.4x7.4x
Tue, 12 Dec 2023Mex$637.6bMex$87.2bMex$68.8b8.9x9.3x7.3x
Thu, 09 Nov 2023Mex$617.0bMex$87.2bMex$68.9b8.5x9x7.1x
Sat, 07 Oct 2023Mex$597.7bMex$85.7bMex$62.7b10.2x9.5x7x
Mon, 04 Sep 2023Mex$598.0bMex$78.4bMex$60.2b10.6x9.9x7.6x
Wed, 02 Aug 2023Mex$601.6bMex$77.1bMex$57.3b11.1x10.5x7.8x
Fri, 30 Jun 2023Mex$582.3bMex$75.7bMex$56.5b11x10.3x7.7x
Sun, 28 May 2023Mex$575.3bMex$75.9bMex$55.7b12.4x10.3x7.6x
Tue, 25 Apr 2023Mex$580.4bMex$74.4bMex$55.6b11.5x10.4x7.8x
Thu, 23 Mar 2023Mex$312.2bMex$42.8bMex$32.7b17.8x9.5x7.3x
Price to Earnings Ratio

9.5x


Total Market Cap: Mex$312.2bTotal Earnings: Mex$32.7bTotal Revenue: Mex$42.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Real Estate Sector Price to Earnings3Y Average 8.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Mexican Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 8.6x.
  • The 3-year average PS ratio of 6.5x is higher than the industry's current PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 33% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Mexican Real Estate sector?

MX Market-1.89%
Real Estate-2.54%
Retail REITs0.88%
Specialized REITs0.85%
Hotel and Resort REITs0.11%
Office REITs0%0
Real Estate-2.03%
REITS-3.35%
Industrial REITs-3.65%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 7.3x.
    • Analysts are expecting annual earnings growth of 19.8%, which is higher than its past year's earnings decline of 61.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 61% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 26% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FMTY 14 Fibra MtyP.I. deMex$14.351.5%
+Mex$512.1m		24.1%PB1.1x
EDUCA 18 Fideicomiso Irrevocable No. F/3277 en Banco Invex S. A. Institución de Banca Múltiple INVEX GrupoMex$49.520.8%
+Mex$454.3m		n/aPB1.8x
FIBRAMQ 12 FIBRA Macquarie MéxicoMex$39.651.3%
+Mex$406.6m		28.8%PB0.8x
FEXI 21 México Infrastructure Partners F1P.I. deMex$19.461.4%
+Mex$303.2m		-1.5%n/a
GICSA B Grupo Gicsa. deMex$2.934.6%
+Mex$195.0m		15.4%PE3.4x

Latest News

DANHOS 13
Mex$25.19
Fibra Danhos
7D
0.2%
1Y
13.7%

DANHOS 13: Lower Discount Rate Will Support Future Upside Potential

Analysts have nudged their fair value estimate for Fibra Danhos slightly higher to MX$31.13 from MX$31.00, citing updated assumptions around discount rates, revenue growth, profit margins, and forward P/E as the basis for the refined target. Valuation Changes Fair Value: MX$31.00 to MX$31.13, a marginal upward adjustment in the estimate.
VESTA *
Mex$56.94
Corporación Inmobiliaria Vesta. de
7D
-2.1%
1Y
23.0%

VESTA *: 2026 Rental Revenue Guidance Will Support Route 2030 Leases

Analysts have made a small upward adjustment to Corporación Inmobiliaria Vesta, de's MX$ fair value, moving it from about MX$68.24 to around MX$68.67. This change reflects updated views on its discount rate, revenue growth, profit margin and future P/E assumptions.
FIBRAMQ 12
Mex$39.65
FIBRA Macquarie México
7D
1.3%
1Y
28.8%

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).
FIBRAPL 14
Mex$73.93
FIBRA Prologis
7D
-4.0%
1Y
14.8%

FIBRAPL 14: Downgrade And Leadership Shift Will Support Balanced Distributions

Analysts now see fair value for FIBRA Prologis edging up from about MX$82.66 to roughly MX$83.21. This reflects updated views on its discount rate, revenue growth, profit margins, and future P/E assumptions following recent research, including a downgrade from Itau BBA.
FNOVA 17
Mex$36.04
Fibra Nova
7D
-1.4%
1Y
47.8%
EDUCA 18
Mex$49.52
Fideicomiso Irrevocable No. F/3277 en Banco Invex S. A. Institución de Banca Múltiple INVEX Grupo
7D
0.8%
1Y
n/a
FPLUS 16
Mex$5.13
Fibra Plus
7D
-1.3%
1Y
-19.1%
FUNO 11
Mex$26.81
Fibra UNO
7D
-3.2%
1Y
13.3%

FUNO 11: Higher Dividend Visibility And Execution Confidence Will Support Returns

Analysts have nudged their fair value estimate for Fibra UNO slightly higher to MX$34.15, reflecting updated assumptions for revenue growth, profit margins and a modestly lower discount rate, while incorporating peer research that highlights how revised earnings expectations and capital allocation plans can influence real estate valuations. Analyst Commentary Recent Street research around comparable real estate and leisure names offers some context for how analysts are thinking about valuation, capital deployment and execution risk, which can be relevant when you look at Fibra UNO’s updated fair value estimate.
FIBRAUP 18
Mex$39.40
Fibra Upsite
7D
6.0%
1Y
n/a
FINN 13
Mex$5.10
Fideicomiso Irrevocable db/1616
7D
-1.0%
1Y
2.4%
FMTY 14
Mex$14.35
Fibra MtyP.I. de
7D
1.5%
1Y
24.1%
FEXI 21
Mex$19.46
México Infrastructure Partners F1P.I. de
7D
1.4%
1Y
-1.5%
GICSA B
Mex$2.93
Grupo Gicsa. de
7D
4.6%
1Y
15.4%
FIBRAHD 15
Mex$2.23
Fideicomiso Irrevocable No. F/1523
7D
-1.8%
1Y
-8.2%
DINE B
Mex$22.70
DINE. de
7D
0.4%
1Y
3.2%