ESPAÑOL

(102-6)

HIGHLIGHTS OF THE YEAR

  • Opening of a new amusement park at Parque Las Antenas, with rides and much more, attracting a great number of visitors.
  • Paid off the Danhos 16-2 bonds totaling $ 1 billion pesos at maturity, further strengthening our cash flow and financial structure.
  • Earned Green Star distinction from GRESB, awarded to real-estate developers who demonstrate a high level of commitment to the Management & Policy and the Implementation & Measurement dimensions, in the area of sustainability.
  • Opening of the Michin Aquarium at Parque Puebla, a significant attraction for the property that substantially increases visitor traffic. In its first month of operation along more than 100,000 people visited the Aquarium.

COMPETITIVE ADVANTAGES IN AN ADVERSE CLIMATE

  • Low leverage (8.5% total debt/assets).
  • Bonds rated AAA by Fitch Mexico and HR Ratings de México.
  • Financial discipline and cautious investment: we have a very healthy balance sheet, and both sales and dividends have been rising since we went public.
  • Concentration in Mexico City, where the economy is much more resilient and less vulnerable to macroeconomic, political and economic events.
  • Solid retail portfolio with a quarterly flow of 35.2 million visitors, 8.4% more than in 2018. All totaled, we welcomed more than 125 million people in 2019, compared to 110 million
    in 2018.
  • High total property occupancy—92.2%—an increase of 160 basis points. Same-property occupancy was stable at 98%.
+125

million visitors in 2019

$0 billion
pesos

in available lines of credit

KEY ASPECTS OF OUR EMBLEMATIC DEVELOPMENTS

  • Parque Las Antenas reported an occupancy rate of 88.3% and high footfall during the year: 184 million visitors and 1.8 million vehicles, increases of 179% and 84% compared to 2018. Gross Leasable Area (GLA) saw an 88.3% advance in sell-in, based on signed contracts, and 96.4% including letters of intent and contracts in the signing process.
  • At Parque Puebla the Michin Aquarium opened, complementing the mall’s entertainment offering and bringing in substantially more visitors. In the first month of operation, more than 100,000 visitors came to the aquarium.
  • Construction of Parque Tepeyac is under way and progressing according to plan: the facility is 21.6% complete to date. The project will have more than 120,000 m2 of retail space and is anchored by department stores, retail, supermarket and entertainment chains, and has already successfully begun the sell-in process.
  • Progress toward sell-in of the offices at Parque Toreo. Tower A has signed contracts for 66.5% of the leasable area, and towers B and C, 84.7%.