Fibra UNO Second Quarter 2024 Earnings: Revenues Miss Expectations

Fibra UNO (BMV:FUNO11) Second Quarter 2024 Results

Key Financial Results

• Revenue: Mex$6.92b (up 7.3% from 2Q 2023).
• Net income: Mex$4.11b (down 26% from 2Q 2023).
• Profit margin: 59% (down from 86% in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fibra UNO Revenues Disappoint

Revenue missed analyst estimates by 3.2%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Global REITs industry.

Performance of the market in Mexico.

The company's shares are down 3.4% from a week ago.

Valuation

Our analysis of Fibra UNO based on 6 different valuation metrics shows it might be undervalued. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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