Mexican (IPC) REITS Industry Analysis
UpdatedApr 16, 2024
DataAggregated Company Financials
Companies6
- 7D-4.3%
- 3M-5.1%
- 1Y0.07%
- YTD-9.1%
Over the last 7 days, the REITS industry has dropped 4.3%, driven by a pullback from Fibra UNO of 6.4%. Meanwhile, Fibra Plus actually outperformed within the industry, gaining 9.8% in the last week. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are forecast to decline by 11% per annum.
Industry Valuation and Performance
Has the Mexican REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Apr 2024 | Mex$155.1b | Mex$35.1b | Mex$24.6b | 7.6x | 6.3x | 4.4x |
| Thu, 14 Mar 2024 | Mex$165.2b | Mex$35.1b | Mex$24.7b | 7.7x | 6.7x | 4.7x |
| Sat, 10 Feb 2024 | Mex$166.8b | Mex$35.1b | Mex$30.8b | 5.8x | 5.4x | 4.8x |
| Mon, 08 Jan 2024 | Mex$168.3b | Mex$35.1b | Mex$30.8b | 5.8x | 5.5x | 4.8x |
| Wed, 06 Dec 2023 | Mex$157.8b | Mex$35.1b | Mex$30.8b | 5.5x | 5.1x | 4.5x |
| Fri, 03 Nov 2023 | Mex$157.7b | Mex$35.1b | Mex$30.8b | 4.9x | 5.1x | 4.5x |
| Sun, 01 Oct 2023 | Mex$158.9b | Mex$33.9b | Mex$34.2b | 8x | 4.6x | 4.7x |
| Tue, 29 Aug 2023 | Mex$134.8b | Mex$32.9b | Mex$31.9b | 11.6x | 4.2x | 4.1x |
| Thu, 27 Jul 2023 | Mex$243.1b | Mex$32.2b | Mex$28.8b | 12.3x | 8.4x | 7.5x |
| Sat, 24 Jun 2023 | Mex$241.8b | Mex$32.0b | Mex$28.8b | 12x | 8.4x | 7.5x |
| Mon, 22 May 2023 | Mex$234.6b | Mex$32.0b | Mex$28.9b | 15x | 8.1x | 7.3x |
| Wed, 19 Apr 2023 | Mex$241.4b | Mex$31.3b | Mex$26.6b | 17.4x | 9.1x | 7.7x |
| Fri, 17 Mar 2023 | Mex$494.4b | Mex$60.9b | Mex$56.6b | 10.1x | 8.7x | 8.1x |
| Sun, 12 Feb 2023 | Mex$495.9b | Mex$60.2b | Mex$51.2b | 8.5x | 9.7x | 8.2x |
| Tue, 10 Jan 2023 | Mex$489.7b | Mex$59.7b | Mex$56.0b | 7.5x | 8.7x | 8.2x |
| Thu, 08 Dec 2022 | Mex$475.2b | Mex$59.7b | Mex$56.0b | 7.4x | 8.5x | 8x |
| Sat, 05 Nov 2022 | Mex$471.9b | Mex$1.0t | Mex$2.0t | 7.4x | 0.2x | 0.5x |
| Mon, 03 Oct 2022 | Mex$460.0b | Mex$57.7b | Mex$51.8b | 7.3x | 8.9x | 8x |
| Wed, 31 Aug 2022 | Mex$463.2b | Mex$57.7b | Mex$51.8b | 7.3x | 8.9x | 8x |
| Fri, 29 Jul 2022 | Mex$465.8b | Mex$56.4b | Mex$49.0b | 7.1x | 9.5x | 8.3x |
| Sun, 26 Jun 2022 | Mex$451.1b | Mex$54.7b | Mex$46.3b | 8.2x | 9.7x | 8.2x |
| Tue, 24 May 2022 | Mex$257.4b | Mex$48.8b | Mex$41.0b | 7.5x | 6.3x | 5.3x |
| Thu, 21 Apr 2022 | Mex$274.7b | Mex$48.3b | Mex$33.0b | 7.3x | 8.3x | 5.7x |
| Sat, 19 Mar 2022 | Mex$296.6b | Mex$47.8b | Mex$33.0b | 7.5x | 9x | 6.2x |
| Mon, 14 Feb 2022 | Mex$291.4b | Mex$48.0b | Mex$33.9b | 11.2x | 8.6x | 6.1x |
| Wed, 12 Jan 2022 | Mex$257.0b | Mex$48.2b | Mex$25.1b | 15.9x | 10.2x | 5.3x |
| Fri, 10 Dec 2021 | Mex$252.5b | Mex$48.2b | Mex$25.1b | 15.2x | 10.1x | 5.2x |
| Sun, 07 Nov 2021 | Mex$258.7b | Mex$48.2b | Mex$25.0b | 14.3x | 10.3x | 5.4x |
| Tue, 05 Oct 2021 | Mex$267.3b | Mex$47.2b | Mex$28.3b | 10.2x | 9.5x | 5.7x |
| Thu, 02 Sep 2021 | Mex$271.7b | Mex$48.7b | Mex$29.6b | 14.1x | 9.2x | 5.6x |
| Sat, 31 Jul 2021 | Mex$259.4b | Mex$48.7b | Mex$29.6b | 10.5x | 8.7x | 5.3x |
| Tue, 04 May 2021 | Mex$273.2b | Mex$47.3b | Mex$32.2b | 8x | 8.5x | 5.8x |
Price to Earnings Ratio
8.5x
Current Industry PE
- Investors are pessimistic on the Mexican REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 6.3x which is lower than its 3-year average PE of 8.0x.
- The 3-year average PS ratio of 6.2x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 8.6% per year over the last three years,
- Revenues have also declined 9.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Mexican Real Estate industry?
| MX Market | -2.76% | |
| Real Estate | -4.08% | |
| REITS | -4.32% | |
| Specialized REITs | 0.89% | |
| Residential REITs | 0% | |
| Healthcare REITs | 0% | |
| Retail REITs | -1.28% | |
| Hotel and Resort REITs | -1.59% | |
| Office REITs | -2.69% | |
| Diversified REITs | -4.32% | |
| Industrial REITs | -5.06% | |
Industry PE
- Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 4.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 60% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 45% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FPLUS 16 Fibra Plus | Mex$8.88 | 9.8% +Mex$502.6m | 29.6% | PB0.5x | |
| STORAGE 18 FIBRA Storage | Mex$17.54 | 1.6% +Mex$74.7m | -0.6% | PB0.8x | |
| FNOVA 17 Fibra Nova | Mex$28.70 | 0.03% +Mex$3.4m | -9.2% | PB1x |