Fibra Mty to Pay Dividend
Fibra Mty, a real estate investment trust operating in the industrial and office segments, will distribute cash to its shareholders equivalent to 0.0891733471878131 pesos per Certificado Bursátil Fiduciario Inmobiliario (CBFI) on April 30.
The total cash distribution will amount to 215,863,000 pesos for CBFI holders as a return of capital and distribution corresponding to the financial results generated until January 2025.
The ex-dividend and registration date will be April 29.
The cash dividend represents an approximate yield of 0.7%, based on the closing price of 11.95 pesos on April 21 at the Mexican Stock Exchange, equivalent to an annualized rate of 3%.
Fibra Nova’s Strong Q1 Results
Fibra Nova, a real estate investment trust owned by meat producer and distributor Grupo Bafar, displayed a double-digit advance in its principal financial and operational indicators for Q1 despite the volatility caused by US President Donald Trump’s tariff policy.
In the first quarter of the year, Fibra Nova’s net operating income increased by 27.4% compared to the same period in 2024, while its revenue also saw a similar advance.
The stability of the exchange rate throughout most of the period and the strength in the industrial real estate market, which demonstrated sustained demand for well-located spaces with custom specifications, contributed to the company’s results.
Concorde International Debuts on Nasdaq
Concorde International shares made their debut on the Nasdaq Capital Market on Tuesday at $4.40, surpassing the initial public offering (IPO) price of $4.
Approximately 1.6 million shares recently traded at $4.41 each, marking a more than 10% increase. The stock debuted under the symbol “CIGL”.
The IPO comprises nearly 1.25 million Class A shares to raise $5 million, and the company has granted subscribers an option to purchase up to 187,500 additional shares.
OpenAI Interested in Acquiring Chrome
OpenAI has shown interest in acquiring Google’s Chrome browser if antitrust authorities succeed in compelling Alphabet to sell the web browser as part of an effort to restore competition in online searches.
These statements were made by ChatGPT’s product head, Nick Turley, while testifying in a Washington lawsuit where the US Department of Justice aims to force Google to adopt extensive measures to restore competition in online searches.
Key Questions and Answers
- What is Fibra Mty and what is the dividend payment about? Fibra Mty is a real estate investment trust operating in the industrial and office segments. It will distribute cash to its shareholders equivalent to 0.0891733471878131 pesos per Certificado Bursátil Fiduciario Inmobiliario (CBFI) on April 30, totaling 215,863,000 pesos.
- Why are Fibra Nova’s Q1 results significant? Despite market volatility caused by US President Donald Trump’s tariff policy, Fibra Nova displayed a double-digit advance in its principal financial and operational indicators for Q1. This growth indicates the company’s resilience and strength in the real estate market.
- What is the significance of Concorde International’s Nasdaq debut? Concorde International’s shares made their debut on the Nasdaq Capital Market at $4.40, surpassing the IPO price of $4. This positive reception suggests investor confidence in the company’s prospects.
- Why is OpenAI interested in acquiring Chrome? OpenAI has shown interest in acquiring Google’s Chrome browser if antitrust authorities succeed in compelling Alphabet to sell it. This move aims to restore competition in online searches.
