Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX)
:VTMX
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.47Last Year’s EPS
1.41Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -7.23%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
Vesta demonstrated strong financial performance and strategic planning with significant leasing activity and revenue growth. However, there are challenges in specific markets like Monterrey and the North region, alongside some construction delays. The strategic initiatives and financial strength position Vesta well for future growth despite these hurdles.Company Guidance
During the Vesta Fourth Quarter 2024 Earnings Conference Call, management provided guidance for the upcoming year, highlighting several key metrics and expectations. The company anticipates a more muted performance in 2025 due to ongoing industry challenges but remains optimistic about opportunities in Mexico, particularly with the $1.4 billion nearshoring incentive package announced by President Sheinbaum. Vesta's 2024 leasing activity reached 7.7 million square feet, with 3.5 million square feet from new leases and an 8.4% increase in rent spreads. The company's financial results for 2024 included a 17.7% year-over-year revenue increase to $152.3 million, with an adjusted NOI margin of 94.6% and an EBITDA margin of 83.5%. Vesta's FFO grew by 25.2% to $160.1 million. The company's development pipeline includes 2.8 million square feet under construction, with an estimated investment of $214.1 million and a 10.9% yield on cost. Vesta also secured a $545 million global syndicated sustainability-linked credit facility to support its strategic initiatives. The company is poised to continue its strategic investments, focusing on land acquisition and development while maintaining a disciplined approach to tenant selection and lease agreements.Route 2030 Strategic Plan Unveiled
Vesta launched its Route 2030 strategic plan, focusing on investment, growth, profitability, and ambitious Net Zero and ESG objectives.
Record Leasing Activity
Leasing activity reached 7.7 million square feet for the full year, with 3.5 million square feet in new leases, 80% of which were with current best-in-class tenants.
Exceptional Financial Performance
Full year 2024 revenue was $152.3 million, a 17.7% increase year-over-year, with a 94.6% NOI margin and an 83.5% EBITDA margin.
Strong FFO Growth
Vesta FFO ended 2024 at $160.1 million, a 25.2% increase compared to $127.9 million in 2023.
Sustainability-Linked Credit Facility
Secured a global syndicated sustainability-linked credit facility for $545 million to ensure continued access to strategic liquidity.
High Dollar-Denominated Revenue
89% of 2024 revenues were dollar-denominated, providing a competitive advantage and financial stability.
Strategic Land Acquisitions
Acquired land in strategic locations like Guadalajara and Ciudad Juarez to support long-term growth.
---
Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) Earnings, Revenues Date & History
VTMX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
VTMX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $26.82 | $24.90 | -7.16% |
| Oct 24, 2024 | $25.42 | $25.13 | -1.14% |
| Jul 25, 2024 | $28.96 | $28.90 | -0.21% |
| Apr 25, 2024 | $35.11 | $35.60 | +1.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) report earnings?
Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) earnings time?
Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VTMX EPS forecast?
VTMX EPS forecast for the fiscal quarter 2025 (Q1) is 0.47.
---