Welcome to our dedicated page for Vesta Real Estate Corporation news (Ticker: VTMX), a resource for investors and traders seeking the latest updates and insights on Vesta Real Estate Corporation 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.
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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$780,000. Financial indicators showed positive growth in revenue, NOI, EBITDA, and FFO.
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Vesta, a real estate company, has filed its annual report on Form 20-F for the fiscal year 2023. The report was submitted to the SEC on April 19, 2024, and includes audited financial statements. Shareholders can access the report online or request a hard copy for free.
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Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX, BMV: VESTA) announced the release of their first quarter 2024 financial results on April 25, 2024, followed by a conference call on April 26, 2024. The call will be held at 11:00 a.m. Eastern Time to discuss the results.
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Corporación Inmobiliaria Vesta S.A.B. de C.V. (NYSE: VTMX) reported exceptional financial results for Q4 2023, with a total income of US$ 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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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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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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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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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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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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Vesta announces Q3 2023 results, showing growth in construction, leasing activity, and revenue
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FAQ
What is the current stock price of Vesta Real Estate Corporation (VTMX)?
The current stock price of Vesta Real Estate Corporation (VTMX) is $23.34 as of February 28, 2025.
What is the market cap of Vesta Real Estate Corporation (VTMX)?
The market cap of Vesta Real Estate Corporation (VTMX) is approximately 2.0B.
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.
Vesta Real Estate Corporation