Corporacion Inmobiliaria Vesta SAB de CV (VESTF)
OTHER OTC:VESTF
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Earnings Data
Report Date
Jul 23, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear operational and financial positives: double-digit revenue and NOI growth, strong leasing momentum (1.6M sq ft), high stabilized/same-store occupancy, a healthy development pipeline (1.6M sq ft) with successful pre-leasing, improved LTV and significant cash on hand, plus an increased dividend. Offsetting items include margin compression (NOI and EBITDA margins down), a modest decline in FFO driven by higher interest expense, elevated debt and net-debt/EBITDA of 4.1x, and localized vacancy/supply pressure in northern markets driven by inexperienced developers. Overall, positives (revenue growth, leasing strength, development pipeline, balance sheet liquidity, dividend increase) materially outweigh the lowlights, which are mostly tactical or market-specific rather than structural.Company Guidance
Revenue Growth
Total revenues increased 14.4% year-over-year to $76.7 million in Q1 2026, driven primarily by rental income from new leases and inflationary adjustments.
Strong Leasing Activity
Total Q1 leasing was approximately 1.6 million sq ft, including ~1.0 million sq ft of new leases with best-in-class companies, signaling robust tenant demand.
High Portfolio and Same-Store Occupancy
Total portfolio occupancy ~89.7% (rounds to ~90%); stabilized occupancy 93.4% and same-store occupancy 95%, reflecting stable tenant relationships and portfolio quality.
NOI and EBITDA Improvement
Adjusted NOI increased 13.4% to $70.47 million; Adjusted EBITDA rose 12.4% to $62.1 million, demonstrating continued profitability expansion on the bottom line.
Significant Pre-Tax Income Increase
Pre-tax income rose to $97.9 million in Q1 2026 from $28.6 million in Q1 2025, primarily due to higher gains on revaluation of investment properties, higher interest income and other income.
Development Pipeline and Project Starts
Development pipeline at ~1.6 million sq ft; launched 2 new projects in Mexico City and 1 in Tijuana in Q1; multiple Vesta projects breaking ground across key markets.
Pre-Leasing Success in Guadalajara
Successfully pre-leased two Vesta buildings under construction in Guadalajara during the quarter, validating demand for high-quality product in that market.
Strong Balance Sheet and Liquidity
Ended the quarter with $206 million in cash and cash equivalents, total debt of $1.2 billion, loan-to-value reduced to 26% from 28.1% year-end, and 100% of debt denominated in U.S. dollars with 87.2% fixed-rate exposure.
Shareholder Returns Increased
Shareholders approved a $74.8 million dividend for 2026, representing a 7.5% year-over-year increase; first quarter cash dividend scheduled for May 6.
Positive Leasing Spreads and Yield on Cost
Leasing spreads remained positive (~9% this quarter) with management expecting long-term spreads in the 10%-13% range; some re-leasing spreads reached 20%-50%. Reported yield on cost around 9.8%-11% in select markets.
Corporacion Inmobiliaria Vesta SAB de CV (VESTF) Earnings, Revenues Date & History
VESTF 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
VESTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $3.85 | $3.85 | 0.00% |
Feb 19, 2026 | $3.04 | $3.04 | 0.00% |
Oct 23, 2025 | $1.87 | $1.87 | 0.00% |
Jul 24, 2025 | $3.84 | $3.84 | 0.00% |
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 SAB de CV (VESTF) report earnings?
Corporacion Inmobiliaria Vesta SAB de CV (VESTF) is schdueled to report earning on Jul 23, 2026, TBA (Confirmed).
What is Corporacion Inmobiliaria Vesta SAB de CV (VESTF) earnings time?
Corporacion Inmobiliaria Vesta SAB de CV (VESTF) earnings time is at Jul 23, 2026, TBA (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 VESTF EPS forecast?
VESTF EPS forecast for the fiscal quarter 2026 (Q2) is 0.04.