09 Jul 2026
Actinver Research - FIBRA SOMA: Worth the Wait (Coverage Initiation)
FIBRA SOMA offers exposure to a portfolio of premium retail, office, and hospitality assets located in Mexico’s most dynamic real estate markets. SOMA has remained disciplined in its strategy, concentrating capital on assets characterized by premium locations with high barriers to entry due to land constraints, permitting requirements, and replacement costs.
The quality of SOMA’s portfolio is reflected in its operating metrics. Management highlights that tenant sales have increased at a high-teens rate over the last two years, significantly above ANTAD growth, allowing the company to achieve lease spreads of approximately 8% on retail renewals. Additionally, SOMA benefits from a portfolio concentrated in Mexico City and other affluent urban markets, where demand remains strong and new supply is limited.
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Actinver Research - FIBRA SOMA: Worth the Wait (Coverage Initiation)
Fibra SOMA (SOMA21:MEX) | 0 0 0.0%
- Published:
09 Jul 2026 -
Author:
Antonio Hernandez | Enrique Covarrubias | Helena Ruiz -
Pages:
28 -
FIBRA SOMA offers exposure to a portfolio of premium retail, office, and hospitality assets located in Mexico’s most dynamic real estate markets. SOMA has remained disciplined in its strategy, concentrating capital on assets characterized by premium locations with high barriers to entry due to land constraints, permitting requirements, and replacement costs.
The quality of SOMA’s portfolio is reflected in its operating metrics. Management highlights that tenant sales have increased at a high-teens rate over the last two years, significantly above ANTAD growth, allowing the company to achieve lease spreads of approximately 8% on retail renewals. Additionally, SOMA benefits from a portfolio concentrated in Mexico City and other affluent urban markets, where demand remains strong and new supply is limited.