Let's talk about fibers
It is said that the fibers are real stars in the real estate market because they allow access to profits without having to buy any property or manage it.
A fiber is a trust that is responsible for renting and administering properties that offer a return. It works practically as a portfolio of real estate − residential, office buildings, shopping centers, hotels, hospitals, etc. − intended for the leasing or acquisition of the right to lease.
The fiber allows anyone through BMV to invest and get a return of large properties that are within the fiber and are currently rented.
These are instruments of investment in real estate managed by third parties that, due to their legal structure, do not retain profits because they are obliged to distribute 95% of their tax result among those who invest in acquiring the so-called certificates Real Estate Trust Securities (CBFIs) offered by the trust.
The benefits of the investors are obtained in three ways: the performance in the Mexican Stock Exchange (BMV), the capital gains and the distribution of profits each quarter, ie, that unlike the companies, which usually deal their Dividends in a single exhibit, the fibers distribute them four times a year.
Fibers can grow through real estate acquisitions. In general it is sought that the properties of the trusts are diversified by type of property, as well as by number, type of tenants and by geographical location. When they debuted in the BMV, they usually have an initial portfolio of properties and the capital they raise acquire new properties or develop some projects. To continue financing the purchase of assets and adding them together to their portfolio, they contract debt or recur successively by capital to the BMV.
Among the fibers, some are specialized in industrial type properties such as Terrafina (TERRA) and Prologis fiber (FIBRAPL). Others in commercial properties such as Fiber Shop (FSHOP), while others in the hotel industry as is the case of fiber Inn (FINN) and fiber Hotel (FIHO). There are also fibers that present a mixed portfolio of properties such as FUNO, Danhos fiber (Danhos), FibraHD, Monterrey fiber (FMTY), Macquarie fiber (FIBRAMQ) and fiber Plus (FPLUS); In addition, there is FHIPO4 of mortgage loans.
Gonzalo Robina, Deputy General manager of Fiber One, considered that in general terms, the risks of investing in a fiber are low, because the investment is backed by the real estate and these in turn by the leases.