Capreits has launched a specialized software platform to analyze Mexican real estate investment trusts, known locally as FIBRAs, integrating over 60 financial, operational, and market variables per issuer. Developed over two years, the tool provides investors with standardized metrics to build custom valuation models starting at MXN$ 33 per month.
Capreits Valuation Platform Essentials
- Market Context: The Mexican FIBRA sector administers assets exceeding MXN$ 1 trillion across nearly 32 million square meters of Gross Leasable Area (ABR).
- Pricing Model: Operates on a freemium structure, allowing permanent free analysis of one FIBRA, a 14-day full trial, and a standard monthly subscription of MXN$ 33.
- Core Mechanics: Eliminates reliance on preset market multiples by enabling users to modify capitalization rates and generate independent Net Asset Value scenarios.
Platform Architecture and Variable Integration
Developed by Antonio Alejandro González Castillo and Carlos Enrique Agostini Silva, Capreits consolidates data that was previously fragmented across quarterly reports, financial statements, and corporate presentations. La plataforma incorpora más de 60 variables de análisis por cada una de las 15 FIBRAs cubiertas en su primera versión.
Portfolio Disaggregation and Valuation Scenarios
The software does not issue explicit buy or sell recommendations. Instead, its primary function is to provide the computational framework necessary for market participants to determine intrinsic asset values relative to current trading prices.
| Platform Feature | Specification |
|---|---|
| Covered Issuers | 15 Mexican FIBRAs |
| Variables Tracked | >60 per FIBRA (NAV, Cap Rates, FFO, CBFI metrics) |
| Pricing Structure | Free tier (1 FIBRA) / MXN$ 33 monthly full access |
Sector Scale and Market Performance
Data from the Mexican Association of Real Estate FIBRAs (AMEFIBRA), cited across platform reports, indicates that the trust sector represents approximately 4% of Mexico’s Gross Domestic Product. Over the five-year period preceding the launch, the asset class accumulated a return of 100.14%, outperforming both the S&P 500 and the Price and Quotation Index (IPC) of the Mexican Stock Exchange.
Capreits nace de querer reunir ese proceso en una sola plataforma y, sobre todo, permitir que cada inversionista utilice sus propios supuestos. No buscamos decirle al usuario cuánto vale una FIBRA; buscamos darle las herramientas para que pueda determinarlo,
stated Antonio Alejandro González Castillo regarding the design philosophy of the software.
Carlos Enrique Agostini Silva emphasized the engineering hurdles involved in standardizing disparate reporting standards across the industry, noting that analysis tasks previously requiring hours of manual spreadsheet work can now be executed in minutes.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
