Vesta's second quarter results showed resilience with strong occupancy rates and significant rent increases, despite facing challenges such as slower leasing activity and decreased pretax income. The company is strategically expanding into key markets and maintaining a healthy financial position, although macroeconomic uncertainty continues to impact certain areas.

Company Guidance -

Q3 2025

In the second quarter of 2025, Vesta's operational performance remained resilient despite a challenging macroeconomic environment. The company achieved a stabilized occupancy rate of 95.5% with rents indexed to inflation. Vesta's total leasing activity reached 1.8 million square feet, including 411,000 square feet in new contracts, though this was below the company's average due to cautious tenant behavior. The renewal and re-leasing activity was robust with a strong retention rate of 84%, supported by rent adjustments in the 20-30% range. Financially, Vesta reported a 6.8% year-over-year increase in total revenues to $67 million, driven by rental income from new leases and inflationary adjustments. Adjusted net operating income grew by 7.2% to $61.8 million, with an adjusted NOI margin of 94.5%, while adjusted EBITDA rose by 9% to $55 million. The company ended the quarter with $65.2 million in cash and a total debt of $900 million, maintaining a healthy leverage position with a net debt to EBITDA ratio of 4x and a loan-to-value ratio of 22.4%. Vesta remains focused on its Route 2030 strategy, underscoring its commitment to long-term growth and market leadership.

Strong Occupancy Rate

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

Significant Rent Increases

Rent adjustments in the range of 20% to 30% for mark-to-market rent, with a tracking 12-month spread reaching 13.7%.

Revenue and Profit Growth

Total revenues increased by 6.8% year-over-year to $67 million, and adjusted EBITDA increased by 9% year-over-year to $55 million.

Expansion into Key Markets

Acquired 128.4 acres of land in Guadalajara and 20.2 acres in Monterrey to strengthen Vesta's strategic footprint.

Dividend Payout

A cash dividend was paid for the second quarter, equivalent to $0.38 per ordinary share.

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) 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 >

VTMX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	0.42 / -	0.53	―	―	―
Jul 24, 2025	2025 (Q2)	0.37 / 0.37	1.237	-70.41% (-0.87)
Apr 23, 2025	2025 (Q1)	0.37 / 0.14	1.411	-89.94% (-1.27)
Feb 18, 2025	2024 (Q4)	0.39 / -0.76	1.323	-157.45% (-2.08)
Oct 24, 2024	2024 (Q3)	0.37 / 0.53	0.947	-44.03% (-0.42)
Jul 25, 2024	2024 (Q2)	0.36 / 1.24	1.418	-12.76% (-0.18)
Apr 25, 2024	2024 (Q1)	0.36 / 1.41	0.851	65.80% (+0.56)
Feb 21, 2024	2023 (Q4)	0.34 / 1.32	1.222	8.27% (+0.10)
Oct 19, 2023	2023 (Q3)	0.38 / 0.95	0.905	4.64% (+0.04)
Jul 20, 2023	2023 (Q2)	0.54 / 1.42	0.732	93.72% (+0.69)

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
Jul 24, 2025	$26.52	$26.64	+0.45%
Apr 23, 2025	$25.43	$26.54	+4.36%
Feb 18, 2025	$26.44	$24.54	-7.19%
Oct 24, 2024	$25.05	$24.77	-1.12%

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 Oct 16, 2025, After Close (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 Oct 16, 2025, After Close (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?

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What is VTMX EPS forecast?

VTMX EPS forecast for the fiscal quarter 2025 (Q3) is 0.42.

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