Mexico airport operator GAP gains altitude on FIBRA plans

Grupo Aeroportuario del Pacifico SAB de CV

18/05/2026 19:20

** Shares in Mexican airport operator GAP GAPB.MX tick up 2% on a conference with potential investors to outline a public offering for its FIBRA vehicle, similar to a real estate investment trust (REIT) in the U.S.

** GAP is considering a roughly 10.2-billion-peso ($590.27 million) IPO for its FIBRA, analysts at Actinver write in a note

** The airport operator said earlier this month the fund would buy a small stake in the company's 12 Mexican airport businesses and help raise money for its 2026-2029 investment plan

** GAP tells investors the fund could launch by the end of June and would initially buy an about-4% stake in the airports

** "FIBRA GAP would have a neutral to positive impact on GAP Holding at first glance," Actinver analysts say, adding that if the fund is not launched, GAP could still rely on raising debt for funding

($1 = 17.2801 Mexican pesos)

(Reporting by Kylie Madry; Editing by Brendan O'Boyle)

((Kylie.Madry@thomsonreuters.com))