Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares - VTMX STOCK NEWS

Vesta (NYSE: VTMX) reported strong Q3 2024 results with total income reaching US$ 63.7 million, up 14.4% year-over-year. The company updated its 2024 guidance, expecting revenue growth to exceed 17%, with improved Adjusted NOI margin to 94.5% and Adjusted EBITDA to 83.5%. Q3 leasing activity totaled 1.3 million sf, with portfolio occupancy at 93.9%. The company acquired 35.7 hectares in Tijuana and has 3.4 million sf under construction representing a US$ 328.9 million investment. Vesta FFO increased 20.3% to US$ 40.4 million, while maintaining strong financial metrics with Adjusted NOI and EBITDA margins at 94.2% and 84.5% respectively.

Vesta (NYSE: VTMX, BMV: VESTA) has announced its upcoming third quarter 2024 earnings conference call and webcast. The company's financial results will be released after market close on Thursday, October 24th, 2024. The conference call is scheduled for Friday, October 25, 2024, at 11:00 a.m. Eastern Time (9:00 a.m. Mexico City time).

Investors can join via webcast or by dialing in using the provided international toll-free and toll numbers. A participant code is required for access. A telephonic replay will be available for one week following the call and can be accessed via Vesta's IR website, along with the earnings press release, financial tables, and slide presentation.

Corporación Inmobiliaria Vesta reported strong Q2 2024 results, with total income reaching US$ 63.0 million, a 22.4% year-over-year increase. The company's Adjusted NOI margin was 94.7%, while the Adjusted EBITDA margin stood at 82.3%. Vesta's FFO increased by 23.2% to US$ 37.9 million compared to Q2 2023. The company's total portfolio occupancy reached 95.0%, with stabilized and same-store occupancy at record levels of 97.5% and 97.8%, respectively. Vesta's leasing activity for Q2 2024 totaled 2.8 million sf, including 1.0 million sf in new contracts and 1.8 million sf in renewals. The company also began construction on four new buildings, expanding its development portfolio in line with its growth strategy.

Corporación Inmobiliaria Vesta (NYSE: VTMX, BMV: VESTA) will release its second quarter 2024 financial results after market close on July 25, 2024.

The company will host a conference call to discuss the results on July 26, 2024, at 11:00 a.m. Eastern Time (9:00 a.m. Mexico City Time). The call can be accessed via webcast or through international toll-free and toll numbers provided.

A telephonic replay will be available for one week following the call. The earnings press release, financial tables, and slide presentation will be available on Vesta's Investor Relations website.

Vesta, a leading industrial real estate company in Mexico, will host its hybrid Analyst and Investor Day on November 6, 2024, in New York City. The event is geared towards equity analysts and institutional investors and will feature presentations by CEO Lorenzo Dominique Berho, CFO Juan Sottil, and other key management and board members. Pre-registration is required by October 30, 2024. Post-event, an archived replay and slide presentation will be available for attendees. For more information or to register, interested parties should contact InspIR Group.

Corporación Inmobiliaria Vesta reported strong financial results for Q1 2024, with total income reaching US$60.6 million, a 21.3% increase year over year. Adjusted NOI margin and EBITDA margin were 96.0% and 84.7% respectively. Vesta's FFO increased by 32.4% to US$40.4 million. Leasing activity reached 2.0 million sf, and total portfolio occupancy stood at 94.0%. Vesta achieved 28% of its ESG Bond KPIs ahead of schedule. The company sold a non-strategic land lease property for US$780,000. Financial indicators showed positive growth in revenue, NOI, EBITDA, and FFO.

Vesta, a real estate company, has filed its annual report on Form 20-F for the fiscal year 2023. The report was submitted to the SEC on April 19, 2024, and includes audited financial statements. Shareholders can access the report online or request a hard copy for free.

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX, BMV: VESTA) announced the release of their first quarter 2024 financial results on April 25, 2024, followed by a conference call on April 26, 2024. The call will be held at 11:00 a.m. Eastern Time to discuss the results.

Corporación Inmobiliaria Vesta S.A.B. de C.V. (NYSE: VTMX) reported exceptional financial results for Q4 2023, with a total income of US$ 214.5 million, a 20.5% YoY increase. The company achieved a strong leasing activity, with 7.9 million sf leased in 2023. Vesta's FFO reached US$ 127.9 million, a 23.6% increase from 2022. The company's total portfolio occupancy was 93.4% in Q4 2023. Vesta completed a US$ 148.8 million follow-on ADS offering and acquired a 81 thousand sf facility in Toluca. Vesta also sold a building in Tijuana for US$ 37.0 million. The company strengthened its social and environmental strategies, achieving various milestones. Vesta expects revenues to increase by 16-17% in 2024, with a 94.0% NOI margin and an 83.0% EBITDA margin.