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Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX)
NYSE:VTMX
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial picture: strong top-line growth, margin expansion, FFO improvement, accelerating leasing momentum in H2 2025, strategic land acquisitions and balance sheet actions (elimination of secured debt). Headwinds include elevated interest expense, FX-driven tax volatility, moderated total occupancy due to tenant rotation and near-term margin pressures expected in 2026. On balance, the company is positioned for recovery and growth into 2026–2027 but remains exposed to cyclical leasing timing and currency/interest-rate dynamics.Company Guidance
Strong Rental Revenue Growth
Rental revenues grew 11.8% year-over-year to $273.6 million for FY2025, exceeding guidance (10%-11%), with total rental income of $283.2 million.
Margin Expansion and Profitability
Adjusted NOI margin reached 94.8% for FY2025 (above revised guidance of 94.5%) and adjusted EBITDA margin was 84.4% for the year; Q4 adjusted NOI rose 17.2% to $69.4 million and adjusted EBITDA increased 18.2% to $61.1 million.
FFO Growth
FFO for 2025 was $174.9 million, up 9.2% year-over-year from $160.1 million, demonstrating solid cash-flow generation.
Leasing Momentum and Portfolio Activity
Full-year leasing reached 6.9 million sq ft with a 7-year weighted average lease term; leasing accelerated in H2 (≈1.4M sq ft vs 0.5M in H1) and Q4 leasing was 1.9M sq ft (770k new leases, 1.2M renewals). Trailing 12-month weighted average leasing spread was 10.8%.
Manufacturing Demand Shift
86% of 2025 new leases were manufacturing-related (electronics leading), signaling a structural shift toward advanced manufacturing and data center/peripheral equipment demand.
Targeted Development and Land Strategy
Invested ≈$330 million in projects on a cash-basis in 2025; 800k sq ft under construction with estimated investment ≈$60 million and expected yield on cost of 9.9%. Strategic land acquisitions include 330 acres in Apodaca (Monterrey) with seller financing to support Route 2030.
Balance Sheet and Liquidity Strengthening
Ended year with $337 million in cash, total debt $1.28 billion, net debt/EBITDA 4.4x and loan-to-value 28.1%; subsequently prepaid $118 million MetLife III facility, eliminating secured debt and moving to a fully unsecured capital structure.
Industry Recognition
Vesta Park Apodaca Building 8 won first place in GRI Global Awards 2025 Industrial & Logistics Project of the Year, highlighting excellence in design, sustainability and innovation.
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 |
|---|---|---|---|
Feb 19, 2026 | $33.67 | $35.99 | +6.89% |
Oct 23, 2025 | $27.26 | $28.61 | +4.96% |
Jul 24, 2025 | $26.20 | $26.32 | +0.45% |
Apr 23, 2025 | $25.13 | $26.23 | +4.37% |
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 Apr 23, 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 Apr 23, 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 (Q1) is 0.43.