Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR ( (VTMX) ) has released its Q1 earnings. Here is a breakdown of the information Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR presented to its investors.
Corporación Inmobiliaria Vesta S.A.B. de C.V., a prominent industrial real estate company in Mexico, specializes in owning, developing, and managing industrial buildings and distribution centers across the country. The company caters to a diverse clientele in industries such as automotive, aerospace, and high-tech, among others.
In its first-quarter earnings report for 2025, Vesta reported a robust financial performance with total income reaching $67.1 million, marking a 10.7% increase from the previous year. The company also highlighted a substantial leasing activity with 1.4 million square feet leased, including new contracts and renewals, contributing to a total portfolio occupancy of 92.8%.
Key financial metrics for the quarter included an Adjusted NOI margin of 95.7% and an Adjusted EBITDA margin of 85.2%. Vesta’s funds from operations (FFO) increased by 11.4% to $45.0 million. The company also made strategic land acquisitions in Mexico City and Monterrey, expanding its land bank to support future growth aligned with its Route 2030 plan.
Looking ahead, Vesta reaffirms its full-year 2025 guidance, anticipating revenue growth between 10.0-11.0% and maintaining strong operational performance. The company remains focused on capital allocation strategies, including a share buyback plan and dividend payments, to enhance shareholder value.