The earnings call highlighted Vesta's resilience and strategic growth amidst macroeconomic challenges. While the company reported strong revenue growth, occupancy rates, and successful rent increases, it also faced challenges such as decreased pre-tax income and macroeconomic uncertainties affecting leasing momentum.

Company Guidance -

Q3 2025

During Vesta's Second Quarter 2025 Earnings Conference Call, the company provided guidance reflecting cautious optimism amidst ongoing macroeconomic volatility. Vesta ended the quarter with a stabilized occupancy of 95.5% and total leasing activity of 1.8 million square feet, including 411,000 square feet in new contracts. The company achieved strong retention rates of 84% and successfully increased rents with mark-to-market adjustments ranging from 20% to 30%, resulting in a tracking 12-month spread increase of 13.7%. Vesta expects to meet its 2025 guidance and emphasized its Route 2030 long-term strategy, focusing on tenant retention, strategic positioning, and intrinsic value. The company remains financially solid with a net debt to EBITDA ratio of 4x and a loan-to-value ratio of 22.4%. Despite a slower leasing pace, Vesta sees the current slowdown as temporary and anticipates a more constructive environment in the years ahead, supported by strong tenant relationships and a diversified portfolio.

Increased Rental Revenue

Total revenues rose by 6.8% year-over-year, reaching $67 million, driven by new leases and inflationary adjustments.

Strong Occupancy Rates

Vesta's portfolio ended the quarter at 95.5% stabilized occupancy with rents indexed to inflation.

Significant Rent Increases

Vesta successfully increased rents with adjustments in the range of 20% to 30% for mark-to-market rent, resulting in a tracking 12-month spread of 13.7%.

Development and Expansion

Completed Vesta Park Apodaca buildings 6 and 7, acquired 128.4 acres in Guadalajara, and finalized a 20.2-acre acquisition in Monterrey.

Financial Discipline

Adjusted net operating income increased 7.2% to $61.8 million, with an adjusted NOI margin of 94.5%. Adjusted EBITDA rose by 9% year-over-year.

Positive Leasing Activity

1.8 million square feet of total leasing activity, including 411,000 square feet in new contracts.

Strong Financial Position

Net debt to EBITDA stood at 4x, with a loan-to-value ratio of 22.4%, maintaining a healthy leverage position.

Corporacion Inmobiliaria Vesta SAB de CV (VESTF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VESTF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	0.04 / -	0.053	―	―	―
Jul 24, 2025	2025 (Q2)	0.04 / 0.04	0.124	-70.16% (-0.09)
Apr 23, 2025	2025 (Q1)	0.04 / 0.01	0.141	-90.07% (-0.13)
Feb 18, 2025	2024 (Q4)	0.04 / -0.08	0.132	-157.58% (-0.21)
Oct 24, 2024	2024 (Q3)	0.04 / 0.05	0.095	-44.21% (-0.04)
Jul 25, 2024	2024 (Q2)	0.04 / 0.12	0.142	-12.68% (-0.02)
Apr 25, 2024	2024 (Q1)	0.04 / 0.14	0.085	65.88% (+0.06)
Feb 21, 2024	2023 (Q4)	0.03 / 0.13	0.122	8.20% (+0.01)
Oct 19, 2023	2023 (Q3)	0.04 / 0.10	0.09	5.56% (<+0.01)
Jul 20, 2023	2023 (Q2)	0.05 / 0.14	0.073	94.52% (+0.07)

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
Jul 24, 2025	$3.91	$3.91	0.00%
Apr 23, 2025	$3.89	$3.89	0.00%
Feb 18, 2025	$3.87	$3.87	0.00%
Oct 24, 2024	$3.85	$3.85	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 Oct 16, 2025, TBA (Confirmed).

What is Corporacion Inmobiliaria Vesta SAB de CV (VESTF) earnings time?

Corporacion Inmobiliaria Vesta SAB de CV (VESTF) earnings time is at Oct 16, 2025, 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 2025 (Q3) is 0.04.

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