Earnings Report /
Mexico

Terrafina: TERRA, Quarterly Report 2Q21: Quarter reflects higher profitability in FFO

  • A quarter with declines, in line with our estimates at operating level, although the advance in net income surprised

  • With the REIT´s new growth strategy, it now aims to optimize the portfolio with a focus on e-commerce and nearshoring

  • Due to the latter, it adjusted its annual distribution to US$0.083-US$0.084

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Eridani Ruibal Ortega
Eridani Ruibal Ortega

Jr Equity Research Analyst

Banorte
27 July 2021
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