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

Welcome to our dedicated page for Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares news (Ticker: VTMX), a resource for investors and traders seeking the latest updates and insights on Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares stock.

Corporacion Inmobiliaria Vesta, S.A.B de C.V. (symbol: VTMX) is a prominent real estate company based in Mexico, specializing in the development and leasing of industrial buildings and distribution centers. The company’s core business revolves around the acquisition, development, and management of industrial and distribution center real estate properties. Vesta excels in designing and constructing park-to-suit projects tailored to various industries’ unique needs, such as aerospace, automotive, food and beverage, logistics, medical devices, and plastics.

Vesta offers a comprehensive range of services including build-to-suit projects, site selection, design and engineering, as well as sale and leaseback services. The company's primary source of revenue is the rental income from customers under operating leases, highlighting its robust and sustainable business model.

Recent achievements and projects underscore Vesta's commitment to growth and innovation. Their strategic partnerships and emphasis on high-quality construction have cemented their reputation as a leader in the real estate sector. The company’s ongoing projects and recent developments continue to attract significant attention from investors and industry stakeholders.

For those seeking up-to-date information about Vesta’s performance and developments, staying informed about the latest news and updates is crucial. Vesta's focus on various high-growth sectors ensures they remain at the forefront of the industry, driving value for shareholders and clients alike.

News

Vesta Announces First Quarter 2024 Earnings Conference Call and Webcast

Rhea-AI Summary
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.
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Corporación Inmobiliaria Vesta Reports Fourth Quarter 2023 Earnings Results

Rhea-AI Summary
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.
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CORRECTING and REPLACING Corporación Inmobiliaria Vesta Reports Fourth Quarter 2023 Earnings Results

Rhea-AI Summary
Corporación Inmobiliaria Vesta reported strong financial results for Q4 2023, achieving total income of US$ 214.5 million, a 20.5% year-over-year increase. Vesta also saw improvements in Adjusted NOI margin, Adjusted EBITDA margin, and FFO. The company had successful leasing activity, portfolio occupancy, and construction progress. Vesta completed a follow-on ADS offering and acquired a new facility in Toluca while selling a building in Tijuana. The company focused on social and environmental initiatives, achieving recognition for sustainability efforts. Vesta expects revenue growth of 16-17% in 2024 with strong margins.
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Vesta Announces Changes for its Fourth Quarter 2023 Earnings Conference Call and Webcast

Rhea-AI Summary
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX, BMV: VESTA) has rescheduled the release of its fourth quarter 2023 financial results to Thursday, February 22, 2024. The conference call will be held at 10:00 a.m. Eastern Time and will be accessible via webcast or phone. The financial results will be disclosed after the market closes on Wednesday, February 21, 2024.
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Vesta Announces Fourth Quarter 2023 Earnings Conference Call and Webcast

Rhea-AI Summary
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX, BMV: VESTA) announced the release of its fourth quarter 2023 financial results on February 14, 2024, followed by a conference call on February 15, 2024, to discuss the results. The call will be available via webcast or dial-in, with a telephonic replay accessible for one week after the call's completion. The company's earnings press release, financial tables, and slide presentation will also be available on Vesta's IR website.
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Vesta Announces Pricing of Follow-On Offering of US$ 148.8 Million (Gross Proceeds) of ADSs

Rhea-AI Summary
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Vesta) (NYSE: VTMX) has priced its underwritten public offering of 4,250,000 American Depositary Shares, or ADSs, representing 42,500,000 of its common shares, at a price of US$ 35.00 per ADS. The net proceeds from the offering will be used to fund its growth strategy, as described in its registration statement on Form F-1. Barclays, BofA Securities, and Morgan Stanley are acting as global coordinators of this offering.
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Vesta Announces Proposed Follow-On Offering

Rhea-AI Summary
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Vesta) (NYSE: VTMX) announced the commencement of an underwritten public offering of 4,000,000 American Depositary Shares (ADS), representing 40,000,000 of its common shares, with Barclays, BofA Securities, and Morgan Stanley acting as global coordinators.
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Corporación Inmobiliaria Vesta Reports Third Quarter 2023 Earnings Results

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Vesta announces Q3 2023 results, showing growth in construction, leasing activity, and revenue
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Vesta Announces Third Quarter 2023 Earnings Conference Call and Webcast

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Vesta to release Q3 2023 financial results on October 19, 2023. Conference call scheduled for October 20, 2023. Replay available for one week.
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Corporación Inmobiliaria Vesta Second Quarter 2023 Earnings Conference Call Update

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FAQ

What is the current stock price of Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares (VTMX)?

The current stock price of Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares (VTMX) is $25.96 as of December 20, 2024.

What is the market cap of Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares (VTMX)?

The market cap of Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares (VTMX) is approximately 2.2B.

What is the primary business of Corporacion Inmobiliaria Vesta?

The primary business of Corporacion Inmobiliaria Vesta is the acquisition, development, and management of industrial and distribution center real estate properties in Mexico.

What industries does Vesta serve?

Vesta serves a range of industries including aerospace, automotive, food and beverage, logistics, medical devices, and plastics.

What services does Vesta offer?

Vesta offers build-to-suit projects, site selection, design and engineering, and sale and leaseback services.

What is the primary source of revenue for Vesta?

The primary source of revenue for Vesta is the rental income received from customers under operating leases.

What are some of Vesta’s recent achievements?

Vesta has been involved in various high-profile projects, showing their commitment to growth and innovation in the industrial real estate sector.

How can I get the latest updates on Vesta’s performance?

You can stay informed about Vesta’s performance and developments by following the latest news and updates provided by the company.

What makes Vesta a leader in the real estate sector?

Vesta’s strategic partnerships, high-quality construction, and focus on high-growth sectors contribute to their leading position in the real estate sector.

Does Vesta offer custom real estate solutions?

Yes, Vesta excels in designing and constructing park-to-suit and build-to-suit projects tailored to the unique needs of various industries.

What geographical area does Vesta primarily operate in?

Vesta primarily operates in Mexico, where it develops and leases industrial buildings and distribution centers.

How does Vesta add value to its shareholders and clients?

Vesta adds value through its robust business model, strategic industry focus, and continuous innovation in industrial real estate development.

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

NYSE:VTMX

VTMX Rankings

#1886 Ranked by Market Cap
#1945 Ranked by Dividends

VTMX Stock Data

2.25B
86.90M
18%
0.48%
Real Estate - Development
Real Estate
Link
United States of America
Mexico City