The call reflected a cautious yet optimistic outlook for Vesta. Despite challenges in new leasing activity and decreased pre-tax income, the company demonstrated strong rent increases, revenue growth, and strategic land acquisitions, positioning itself for future growth. The positive highlights outweighed the lowlights, with management expressing confidence in meeting 2025 guidance and executing long-term strategies.

Company Guidance

During Vesta's Second Quarter 2025 earnings call, the company highlighted its strong operational performance amidst ongoing macroeconomic volatility. Despite a slower pace in new leasing activity, Vesta achieved a total leasing activity of 1.8 million square feet, with renewals and re-leasing activity reaching some of the highest levels experienced in the first half of the year. The company's portfolio ended the quarter with a stabilized occupancy of 95.5%, and rents were indexed to inflation. Notably, Vesta achieved mark-to-market rent adjustments in the range of 20% to 30%, with a trailing 12-month spread reaching 13.7%. Financially, Vesta reported a 6.8% year-over-year increase in total revenues to $67 million, driven by new leases and inflationary adjustments. The adjusted net operating income grew by 7.2% to $61.8 million, maintaining a strong NOI margin of 94.5%. Adjusted EBITDA increased by 9% to $55 million, with a margin expansion to 84.1%. The company maintained a solid financial position, ending the quarter with $65.2 million in cash and a net debt to EBITDA ratio of 4x. Vesta remains committed to its long-term Route 2030 strategy, focusing on tenant retention, strategic positioning, and maintaining a resilient portfolio.

Strong Retention Rates and Rent Increases

Vesta achieved a strong retention rate of 84% and successfully increased rents with mark-to-market adjustments in the range of 20% to 30%.

Record Leasing Spread

The tracking 12-month spread for the second quarter reached 13.7%, indicating significant rent increases and strong relationships with tenants.

Revenue Growth

Total revenues increased by 6.8% year-over-year to $67 million, driven by rental income from new leases and inflationary adjustments.

Adjusted EBITDA Growth

Adjusted EBITDA increased by 9% year-over-year, reaching $55 million, with a margin expansion of 137 basis points to 84.1%.

Strategic Land Acquisitions

Vesta acquired 128.4 acres in Guadalajara and 20.2 acres in Monterrey, enhancing its strategic footprint for future growth.

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?

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 2025 (Q3) is 0.42.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing