About Fibra Educa and its Leader
Fibra Educa, the first and only Real Estate Investment Trust (REIT) in Mexico focused on education, headed by Jorge Nacer Gobera, has announced the initiation of proceedings for a global secondary offering (follow-on) in Mexican and international markets. The announcement comes after lifting confidentiality registration with the Mexican Securities and Exchange Commission (CNBV).
Objectives of the Global Secondary Offering
Fibra Educa intends to allocate net proceeds from the offering to acquiring educational infrastructure and for general corporate purposes.
Fibra Educa’s Portfolio and Performance
With a portfolio of 72 properties centered around education and a gross leasable area exceeding 590,405 square meters, Fibra Educa has maintained a 100% occupancy rate since its stock market debut in 2018. The company has nearly doubled the size of its portfolio and established itself as one of Mexico’s most significant REITs based on market capitalization.
Significance of the Global Secondary Offering
This operation could mark a significant milestone for the Mexican real estate sector, being the first international issuance since Fibra MTY’s placement in March 2024. It may also pave the way for other issuers contemplating a market entry.
Capitalizing on Favorable Conditions
Fibra Educa aims to leverage the favorable macroeconomic environment, with declining interest rates in Mexico and increased stability in international markets. These conditions present a strategic window to strengthen its capital structure and continue its disciplined growth trajectory.
Addressing Educational Infrastructure Gaps in Mexico
In a context where Mexico’s educational infrastructure faces structural shortcomings, Fibra Educa’s investment takes on special significance. According to OECD data, Mexico ranks last among member countries regarding the percentage of 25-34 year-olds with tertiary education, at just 27%, compared to an average of 47%. This educational gap has been exacerbated by reduced public spending, with government investment in education falling from 4.1% of GDP in 2015 to only 3.0% in 2024, intensifying pressure on public supply and boosting demand for privately operated educational infrastructure.
Strategic Response to Educational Challenges
Fibra Educa’s expansion of private educational infrastructure represents not just a financial opportunity but a strategic response to one of Mexico’s most pressing structural challenges.
Global Offering Coordinators
Citigroup, J.P. Morgan, and BTG Pactual are coordinating this global offering.
Key Questions and Answers
- What is Fibra Educa? Fibra Educa is the first and only Real Estate Investment Trust (REIT) in Mexico, focusing on the education sector.
- Who leads Fibra Educa? Jorge Nacer Gobera
- What is the purpose of the global secondary offering? To acquire educational infrastructure and for general corporate purposes.
- What is Fibra Educa’s portfolio and performance like? It holds 72 properties with a gross leasable area of over 590,405 square meters and maintains a 100% occupancy rate since its stock market debut in 2018.
- Why is this global secondary offering significant? It could be the first international issuance since Fibra MTY’s placement in March 2024 and may encourage other issuers to enter the market.
- How is Fibra Educa capitalizing on favorable conditions? By leveraging declining interest rates in Mexico and increased stability in international markets to strengthen its capital structure.
- What are the educational infrastructure challenges in Mexico? Mexico lags behind other OECD countries regarding tertiary education, with reduced public spending exacerbating the issue.
- How does Fibra Educa’s investment address these challenges? By expanding private educational infrastructure, Fibra Educa offers a strategic response to Mexico’s structural educational challenges.
- Who are the coordinators of this global offering? Citigroup, J.P. Morgan, and BTG Pactual.
