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Mexican (IPC) REITS Industry Analysis
UpdatedNov 18, 2024
DataAggregated Company Financials
Companies6
- 7D-1.2%
- 3M-6.0%
- 1Y-14.4%
- YTD-18.9%
Over the last 7 days, the REITS industry has dropped 1.2%, driven by a pullback from Fibra Danhos of 3.0%. Overall the industry is down 14% in 12 months. Earnings are forecast to be flat in the coming years.
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 |
|---|---|---|---|---|---|---|
| Mon, 18 Nov 2024 | Mex$142.3b | Mex$36.6b | Mex$18.7b | 7.4x | 7.6x | 3.9x |
| Wed, 16 Oct 2024 | Mex$141.0b | Mex$35.6b | Mex$19.3b | 7.6x | 7.3x | 4x |
| Fri, 13 Sep 2024 | Mex$138.2b | Mex$35.6b | Mex$19.3b | 7.7x | 7.2x | 3.9x |
| Sun, 11 Aug 2024 | Mex$149.9b | Mex$35.6b | Mex$19.3b | 8.1x | 7.8x | 4.2x |
| Tue, 09 Jul 2024 | Mex$139.7b | Mex$35.8b | Mex$21.5b | 6x | 6.5x | 3.9x |
| Thu, 06 Jun 2024 | Mex$143.9b | Mex$35.8b | Mex$21.5b | 6.1x | 6.7x | 4x |
| Sat, 04 May 2024 | Mex$148.7b | Mex$35.8b | Mex$20.8b | 6.9x | 7.2x | 4.2x |
| Mon, 01 Apr 2024 | Mex$157.3b | Mex$35.1b | Mex$24.6b | 7.7x | 6.4x | 4.5x |
| Wed, 28 Feb 2024 | Mex$176.4b | Mex$35.1b | Mex$24.5b | 6.6x | 7.2x | 5x |
| Fri, 26 Jan 2024 | Mex$167.5b | Mex$35.1b | Mex$30.8b | 5.8x | 5.4x | 4.8x |
| Sun, 24 Dec 2023 | Mex$167.2b | Mex$35.1b | Mex$30.8b | 5.6x | 5.4x | 4.8x |
| Tue, 21 Nov 2023 | Mex$161.0b | Mex$35.1b | Mex$30.8b | 5.5x | 5.2x | 4.6x |
| Thu, 19 Oct 2023 | Mex$164.6b | Mex$34.4b | Mex$35.1b | 4.9x | 4.7x | 4.8x |
| Sat, 16 Sep 2023 | Mex$158.6b | Mex$33.9b | Mex$34.2b | 8.1x | 4.6x | 4.7x |
| Mon, 14 Aug 2023 | Mex$148.3b | Mex$32.9b | Mex$31.9b | 11.5x | 4.7x | 4.5x |
| Wed, 12 Jul 2023 | Mex$242.4b | Mex$32.0b | Mex$28.8b | 12.1x | 8.4x | 7.6x |
| Fri, 09 Jun 2023 | Mex$242.8b | Mex$32.0b | Mex$28.9b | 12.2x | 8.4x | 7.6x |
| Sun, 07 May 2023 | Mex$240.7b | Mex$31.5b | Mex$26.6b | 15.2x | 9x | 7.6x |
| Tue, 04 Apr 2023 | Mex$242.8b | Mex$30.7b | Mex$26.6b | 17.8x | 9.1x | 7.9x |
| Thu, 02 Mar 2023 | Mex$504.6b | Mex$60.8b | Mex$53.2b | 8.3x | 9.5x | 8.3x |
| Sat, 28 Jan 2023 | Mex$498.2b | Mex$59.7b | Mex$56.0b | 7.7x | 8.9x | 8.4x |
| Mon, 26 Dec 2022 | Mex$478.3b | Mex$59.7b | Mex$56.0b | 7.5x | 8.5x | 8x |
| Wed, 23 Nov 2022 | Mex$468.5b | Mex$59.4b | Mex$55.9b | 7.3x | 8.4x | 7.9x |
| Fri, 21 Oct 2022 | Mex$463.9b | Mex$57.7b | Mex$51.8b | 7.5x | 9x | 8x |
| Sun, 18 Sep 2022 | Mex$466.4b | Mex$57.7b | Mex$51.8b | 7.6x | 9x | 8.1x |
| Tue, 16 Aug 2022 | Mex$470.2b | Mex$57.7b | Mex$51.8b | 7.5x | 9.1x | 8.1x |
| Thu, 14 Jul 2022 | Mex$460.1b | Mex$55.5b | Mex$46.9b | 8.1x | 9.8x | 8.3x |
| Sat, 11 Jun 2022 | Mex$418.5b | Mex$51.9b | Mex$44.9b | 8.1x | 9.3x | 8.1x |
| Mon, 09 May 2022 | Mex$265.1b | Mex$49.7b | Mex$40.9b | 7.3x | 6.5x | 5.3x |
| Wed, 06 Apr 2022 | Mex$272.2b | Mex$48.3b | Mex$33.0b | 7.3x | 8.3x | 5.6x |
| Fri, 04 Mar 2022 | Mex$297.9b | Mex$47.6b | Mex$30.2b | 10.4x | 9.9x | 6.3x |
| Sun, 30 Jan 2022 | Mex$254.3b | Mex$48.3b | Mex$27.2b | 14.7x | 9.4x | 5.3x |
| Tue, 28 Dec 2021 | Mex$266.6b | Mex$48.2b | Mex$25.1b | 16x | 10.6x | 5.5x |
| Thu, 25 Nov 2021 | Mex$245.9b | Mex$48.2b | Mex$25.1b | 14.9x | 9.8x | 5.1x |
Price to Earnings Ratio
9.8x
Current Industry PE
- Investors are relatively neutral on the Mexican REITs 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 7.6x.
- The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 9.3% per year over the last three years,
- Revenues have also declined 8.8% 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 | -1.62% | |
| Real Estate | -0.51% | |
| REITS | -1.21% | |
| Retail REITs | 0.26% | |
| Hotel and Resort REITs | 0.071% | |
| Residential REITs | 0% | |
| Healthcare REITs | 0% | |
| Specialized REITs | -0.063% | |
| Office REITs | -0.66% | |
| Industrial REITs | -0.96% | |
| Diversified REITs | -1.21% | |
Industry PE
- Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 10.3x.
- Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings decline of 62.9% per year.
- Investors are most pessimistic about the Retail REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.4x.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 63% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 52% 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 | |
|---|---|---|---|---|---|
| STORAGE 18 FIBRA Storage | Mex$17.20 | 1.2% +Mex$51.9m | 1.8% | PB0.7x | |
| FIBRAHD 15 Fideicomiso Irrevocable No. F/1523 | Mex$2.40 | 4.8% +Mex$48.1m | 17.6% | PB0.3x | |
| FPLUS 16 Fibra Plus | Mex$5.54 | 0.7% +Mex$25.4m | 11.7% | PB0.3x |