Grupo Gicsa, S.A. de C.V. reported unaudited consolidated and standalone earnings results for the second quarter ended in June 30, 2018. For the quarter, on standalone basis, the company reported net operating income of MXN 727 million, a decrease of 3.68% compared to a year ago. EBITDA was MXN 1,582 million, an increase of 234.84% compared to a year ago. Net income was MXN 2,092 million. Total revenue exceeded MXN 2.3 billion during the quarter, an increase of 118% compared to the MXN 970 million of last year. This jump is primarily due to the recognition of the real estate services already provided for the parties involved in the asset swap transaction.

On consolidated basis, the company reported EBITDA was MXN 1,863 million, an increase of 146.18% compared to a year ago. Net income was MXN 3,126 million.

The company's reported a total of 831,004 square meters (m²) of Gross Leasable Area (GLA) comprised of 13 properties in the stabilized portfolio and 3 properties in the stabilization process at the conclusion of second quarter 2018. Proportional GLA was 529,460 m2, an increase of more than 124 thousand m2, 17.47% higher than the figure reported for the same period of the previous year.