Mexico REITs could benefit from manufacturing, AI boom, exchange chief says

Ariza stated that FIBRAs offer investors a means to tap into these growth areas, serving as an underappreciated vehicle for financing essential industrial parks, logistics assets, and infrastructure that supports North American supply chains. She highlighted Mexico's significant opportunities and viewed FIBRAs as a clear alternative for attracting capital.

Mexico is actively positioning itself as a manufacturing and export hub for the United States. This strategy is supported by strong export figures, with the country exporting $50 billion in computer and electronic equipment in the first quarter of the year, nearly double the amount from the previous year.

Ariza further explained that the race for AI investment could generate economic spillovers beyond direct AI product manufacturing, creating demand for industrial space, power, and logistics to support more technology-intensive production. She noted that even without being primary producers of all AI-related goods, Mexico can capture wider economic benefits.

Currently, Mexico has 16 listed FIBRAs, and Ariza sees potential for more specialized trusts to meet the demand for industrial, manufacturing, and infrastructure assets. These investment vehicles provide income through dividends and potential asset appreciation, with valuations considered attractive compared to other markets.

However, challenges remain. Ariza pointed out that international investors frequently inquire about legal certainty, security, and reliable energy access, factors that can increase project capital costs. She emphasized the need for Mexico to communicate openly about risks while clearly articulating potential returns.

Additionally, Ariza stressed the importance of developing Mexican capital markets to better finance medium-sized companies that are crucial suppliers to the country's growing industrial base, suggesting the creation of funds that allow large investors like pension plans to gain diversified exposure to smaller issuers.