With our solid financial position, conservative business model and low debt levels, we did well even in a year marked by events that changed the pace of our operations.
(102-6)
In solidarity with our stakeholders, when commercial premises were closed by the authorities to protect human lives and health, and to preserve the best financial situation possible in the circumstances, we responded by taking the following actions last year:
To the extent possible, we kept our properties up and running, while abiding by strict public health regulations.
We prioritized job sources, maintaining full salaries and benefits for all our employees.
We embarked on a major operating and maintenance expense reduction program, which helped us meet our goal of preserving liquidity and maintaining our financial strength without issuing debt, keeping our leverage low.
We supported tenants by offering them rent discounts or deferrals. This enabled us to keep our lease portfolio stable and strengthened long-term relations with our tenants.
We met various financial, operating, social and environmental targets we had set for the year.
We continued to invest in Capex. Construction of the Parque Tepeyac development continued according to budget and is now approximately 59.2% complete. The groundwork is now completely laid and structural work has begun.
We also reported environmental indicators through improved environmental data on each property, and at the consolidated level as a REIT.
We completed implementation of AIM software for comprehensively managing our properties, which will also enable us to report on 95% of our environmental indicators.
