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Posted by
Two Blokes May 24, 2025 -
Filed in
Stock
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7 views
Industrial occupancy is deteriorating, especially in key Northern Mexico markets, with worrying April data after tariff announcements and weak renewal activity. Despite higher lease pricing cushioning revenues, falling occupancy and stabilizing inflation threaten future margins and make FFO growth guidance harder to achieve. Valuation is unattractive at 13x distributions and a 7.3% yield, given oversupply, cyclical risks, and limited growth prospects versus safer alternatives like US Treasuries.
