Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX)
NYSE:VTMX
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Earnings Data
Report Date
Jul 16, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive picture: strong leasing momentum, solid revenue growth (~14.4% YoY), high occupancy and attractive yield-on-cost economics supported optimism. Management is selectively resuming development backed by a 1.6M sqft pipeline and strong sector demand (electronics, aerospace, AI/data infrastructure). Balance-sheet metrics (cash $206M, LTV 26%, fixed-rate debt majority) and a 7.5% dividend increase underpin financial flexibility. Offsetting items include a modest FFO decline (from $45.1M to $43.1M), compression in NOI and EBITDA margins (62 bps and 130 bps declines, respectively), higher interest expense and localized vacancy/competitive supply pressures (notably in Tijuana). Overall, highlights meaningfully outweigh the lowlights, with management emphasizing disciplined execution and confidence in near-term outlook.Company Guidance
Robust Leasing Activity
Total first-quarter leasing of ~1.6 million square feet, including ~1.0 million square feet of new leases with best-in-class companies, demonstrating strong tenant demand and expansions.
High and Stabilized Occupancy
Total portfolio occupancy ~89.7% (rounded to ~90%); stabilized occupancy 93.4% and same-store occupancy 95%, signaling resilient portfolio performance across core assets.
Revenue Growth
Total revenues increased ~14.4% year-over-year to $76.7 million; rental revenues reported at $74.0 million with a sequential increase cited (~14.1% sequential increase noted in management remarks).
Strong NOI and EBITDA Expansion
Adjusted NOI increased ~13.4% to $70.47 million with an adjusted NOI margin of 95.1% (down 62 bps YoY); adjusted EBITDA rose ~12.4% to $62.1 million (margin 83.9%).
Development Pipeline and Pre-leases
Resumed selective development with 3 new projects launched in Q1 (2 in Mexico City, 1 in Tijuana) and an overall development pipeline of ~1.6 million square feet; successfully pre-leased 2 buildings under construction in Guadalajara.
Attractive Yield-on-Cost and Leasing Spreads
Yield-on-cost levels around ~9.8%–11% across markets (near 10% in Mexico City and >10% in other markets) and re-leasing spreads showing strong outcomes (examples cited of 20%–50%); management expects spreads to remain in the ~10%–13% range.
Solid Balance Sheet and Liquidity
Ended Q1 with $206 million cash and cash equivalents, total debt ~$1.2 billion, net-debt/EBITDA ~4.1x, and loan-to-value 26% (down from 28.1%); 100% of debt denominated in U.S. dollars with ~87.2% of interest exposure fixed.
Shareholder Return Increase
Shareholders approved a $74.8 million dividend for 2026, representing a 7.5% increase year-over-year; first-quarter cash dividend scheduled for May 6.
Strong Market Demand in Key Sectors
Notable demand drivers: electronics, aerospace, semiconductors, AI-related data center infrastructure, logistics and e-commerce; Mexico City gross absorption cited at ~6.7 million square feet (CBRE) with a high pre-leasing ratio for new supply.
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
VTMX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $35.26 | $36.08 | +2.31% |
Feb 19, 2026 | $33.49 | $35.80 | +6.89% |
Oct 23, 2025 | $27.12 | $28.46 | +4.96% |
Jul 24, 2025 | $26.06 | $26.18 | +0.45% |
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 Jul 16, 2026, 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 Jul 16, 2026, 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?
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 2026 (Q2) is 0.4.