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Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX)
NYSE:VTMX
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.42Last Year’s EPS
1.32Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2019
|% Change Since: -5.59%
|Next Earnings Date:Jul 25, 2019
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant financial growth, strategic investments, and strong leasing activity. However, there are challenges, including decreased pretax income and increased vacancies in certain markets. Overall, the positive elements, including upwardly revised guidance, outweigh the negative aspects.Company Guidance
During Vesta's third quarter 2024 earnings call, the company reported a 14.4% year-over-year increase in total income, reaching $63.7 million. The adjusted NOI margin was at 94.2%, and the adjusted EBITDA margin was 84.5%. Vesta's FFO grew by 20.3% year-on-year to $40.4 million. The company upwardly revised its full-year 2024 revenue growth guidance to exceed 17%, with an adjusted NOI margin revised to 94.5% and adjusted EBITDA to 83.5%. Third-quarter leasing activity covered 1.3 million square feet, with a mix of new leases and renewals, indicating a strong market recovery, especially in Mexico City and the Bajio region. The company also made strategic land investments in Tijuana, Baja California, and discussed a robust development pipeline with 3.4 million square feet under construction. These efforts underscore Vesta's focus on strategic growth and maintaining a strong balance sheet.Strong Financial Performance
Total income for Q3 2024 was $63.7 million, a 14.4% year-over-year increase. Adjusted NOI margin and adjusted EBITDA margin reached 94.2% and 84.5%, respectively.
Significant Increase in Funds From Operations
Vesta FFO ended at $40.4 million for the quarter, a 20.3% year-on-year increase.
Robust Leasing Activity
Third quarter leasing activity reached 1.3 million square feet, with 476,000 square feet for new leases and 787,000 square feet in renewals.
Strategic Land Investment
Made a strategic investment in nearly 36 hectares of land bank in Tijuana, Baja California.
Upwardly Revised Guidance
Full-year 2024 revenue growth is expected to exceed 17%. Adjusted NOI margin has been revised to 94.5% and adjusted EBITDA to 83.5%.
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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
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VTMX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Feb 21, 2024 | $35.03 | $34.81 | -0.63% |
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.
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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 Feb 13, 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 Feb 13, 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 2024 (Q4) is 0.42.
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