Vesta Real Estate Corporation SAB de CV
NYSE:VTMX

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Vesta Real Estate Corporation SAB de CV
NYSE:VTMX
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Price: 24 USD 0.17%
Market Cap: 2.1B USD

Vesta Real Estate Corporation SAB de CV
Investor Relations

In the vibrant tapestry of Mexico's industrial landscape, Vesta Real Estate Corporation SAB de CV emerges as a pivotal character orchestrating a symphony of development and growth. Founded in the late 1990s, Vesta has carved a niche for itself by focusing on the acquisition, development, and management of industrial real estates, such as distribution centers, logistics hubs, and manufacturing facilities. With an astute understanding of Mexico's strategic location as a nexus between North and Latin America, Vesta has capitalized on the burgeoning demand for industrial properties that facilitate global trade and supply chain efficiency. Positioned with properties near key transportation nodes – including ports, airports, and major highways – Vesta ensures its clients, who range from multinational corporations to local enterprises, enjoy unparalleled access to their markets. This strategic planning not only underscores Vesta's robust portfolio but also creates a stable cash flow through long-term leases with high-quality tenants.

At the heart of Vesta's operational ethos is its commitment to sustainable and innovative real estate solutions. This dedication translates into the development of state-of-the-art facilities that not only fulfill the logistical and operational needs of its tenants but also adhere to environmental standards, thus enhancing the tenants' corporate social responsibility initiatives. Vesta deftly balances its property management activities with a forward-thinking investment strategy, reinvesting cash flows to acquire new land and develop additional properties, thereby growing its portfolio and revenue streams. By focusing on high-demand regions and maintaining strong occupancy rates, Vesta Real Estate Corporation demonstrates a refined ability to generate steady rental income while also capitalizing on property appreciations, establishing itself as a stalwart in Mexico's industrial real estate market.

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Earnings Calls

2024 Q3
Oct 25, 2024
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Vesta Q3 2024 Shows Revenue Growth and Strong Leasing Activity
2024 Q3
Oct 25, 2024

In Q3 2024, Vesta achieved total income of $63.7 million, reflecting a 14.4% year-over-year increase. The adjusted NOI margin expanded to 94.2%, while FFO rose 20.3% year-on-year to $40.4 million. Leasing activity reached 1.3 million square feet, with significant demand observed in Mexico City and Bajio. Notably, Vesta revised its 2024 revenue growth guidance to exceed 17% from a prior forecast of 16-17%. Additionally, they anticipate an adjusted NOI margin of 94.5% and adjusted EBITDA of 83.5%. Vesta's disciplined investment strategy continues to bolster its strong balance sheet and long-term growth prospects.

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Management

Mr. Lorenzo Manuel Berho Corona
Executive Chairman
No Bio Available
Mr. Lorenzo Dominique Berho Carranza
Chief Executive Officer
No Bio Available
Mr. Juan Felipe Sottil Achutegui
Chief Financial Officer
No Bio Available
Mr. Guillermo Díaz Cupido
Chief Investment Officer
No Bio Available
Ms. Maria Fernanda Bettinger Davo
Director of Investor Relations
No Bio Available
Mr. Alejandro Pucheu Romero
General Counsel & Secretary
No Bio Available
Mr. Rodolfo Gerardo Balmaceda García
Sales Manager
No Bio Available
Mr. Alfredo Marcos Paredes Calderon
Chief Human Resources & Integrity Officer
No Bio Available
Mr. Diego Berho Carranza
Chief Portfolio Officer
No Bio Available
Mr. Francisco Eduardo Estrada Gomez Pezuela
Executive Regional Vice President ? Bajío & Central Region
No Bio Available

Contacts

Address
MEXICO, D.F.
Mexico City
Paseo de los Tamarindos No. 90, Torre II, Piso 28, Col. Bosques de las Lomas
Contacts