Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) AI Stock Analysis

• Market Cap: $3.27B
• Dividend Yield: 2.29%
• Average Volume (3M): 107.03K
• Price to Earnings (P/E): 12.9
• Beta (1Y): 0.52
• Revenue Growth: 13.04%
• EPS Growth: -98.33%
• Country: US
• Employees: 96
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 2.01
• Shares Outstanding: 88,248,726
• 10 Day Avg. Volume: 57,211
• 30 Day Avg. Volume: 107,028
• PEG Ratio: -0.26
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 8.88
• P/FCF Ratio: 25.74
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 14.83
• Enterprise Value/Gross Profit: 15.36
• Enterprise Value/Ebitda: 76.46
• 1Y Price Target: $39.00
• Price Target Upside: 8.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $32.00 ▼(-11.09% Downside)
• Action: Downgraded Date: 10/28/25
• Date: Action: Downgraded 10/28/25

The overall stock score of 68 reflects a combination of strong financial performance and positive earnings call insights, tempered by technical indicators suggesting overbought conditions and concerns over high valuation. The company's strategic initiatives and improved guidance are positive, but the high P/E ratio and potential for a technical pullback are notable risks.

Positive Factors

Revenue Growth

The consistent revenue growth indicates strong demand for Vesta's properties, supporting long-term financial stability and expansion potential.

Strategic Land Acquisition

Strategic land acquisitions enhance Vesta's market position and provide opportunities for future development, supporting long-term growth.

Debt Management

The bond issuance strengthens Vesta's financial flexibility and supports its strategic initiatives, ensuring sustainable growth and stability.

Negative Factors

Declining Net Profit Margins

Decreasing net profit margins may indicate challenges in cost control, potentially impacting long-term profitability if not addressed.

Occupancy Dip

A dip in occupancy rates can affect rental income stability, highlighting the need for effective tenant acquisition strategies.

High Vacancy in Tijuana

High vacancy rates in Tijuana could pressure rental yields and require strategic efforts to attract tenants and stabilize occupancy.

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Business Overview & Revenue Model

Company Description

Corporación Inmobiliaria Vesta, S.A.B. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution centers in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.

How the Company Makes Money

Corporacion Inmobiliaria Vesta generates revenue primarily through the leasing of its industrial properties to various businesses, which provides a stable and recurring income stream. The company typically enters into long-term lease agreements with its tenants, ensuring a predictable cash flow. Additionally, Vesta may earn revenue from property management services and ancillary services associated with its real estate holdings. Significant revenue growth can also stem from the acquisition of new properties and the development of additional industrial spaces, which expand its portfolio and increase rental income. Partnerships with logistics companies and service providers further enhance its operational capabilities and attractiveness to potential tenants, contributing positively to its earnings.

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Financial Statement Overview

Summary

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR exhibits strong profitability and cash flow management, with consistent gross profit margins and positive cash flow growth. However, declining net profit margins and return on equity in the TTM period highlight areas for improvement. The company's financial position is stable, with a balanced approach to leveraging and a strong equity base. Continued focus on improving net margins and returns on equity will be essential for sustaining long-term growth.

Income Statement

The company shows strong gross profit margins consistently above 90%, indicating efficient cost management. However, the net profit margin has significantly decreased in the TTM period compared to previous years, suggesting potential challenges in controlling expenses or other financial factors. Revenue growth is steady but modest, with a 4.25% increase in the TTM period. Overall, the income statement reflects solid profitability but highlights a need to address declining net margins.

Balance Sheet

The debt-to-equity ratio is relatively stable and moderate, suggesting a balanced approach to leveraging. Return on equity has decreased in the TTM period, indicating reduced profitability from shareholder investments. The equity ratio remains healthy, showing a strong capital structure. The balance sheet reflects a stable financial position but points to a need for improved returns on equity.

Cash Flow

Operating cash flow and free cash flow have shown positive growth in the TTM period, indicating strong cash generation capabilities. The free cash flow to net income ratio is nearly 1, suggesting efficient conversion of income into cash. The operating cash flow to net income ratio is also favorable, reflecting robust cash flow management. Overall, the cash flow statement demonstrates strong liquidity and cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	273.14M	251.29M	214.47M	178.03M	160.79M	149.86M
Gross Profit	263.75M	225.39M	196.23M	166.60M	150.06M	139.70M
EBITDA	52.99M	194.17M	429.51M	339.71M	302.30M	168.03M
Net Income	4.81M	222.43M	316.64M	243.62M	173.94M	66.96M
Balance Sheet
Total Assets	4.60B	3.96B	3.79B	2.95B	2.76B	2.25B
Cash, Cash Equivalents and Short-Term Investments	587.07M	184.11M	501.09M	139.06M	452.80M	120.42M
Total Debt	1.45B	847.54M	916.08M	932.00M	934.91M	840.49M
Total Liabilities	2.03B	1.36B	1.31B	1.31B	1.31B	1.15B
Stockholders Equity	2.57B	2.60B	2.49B	1.64B	1.45B	1.11B
Cash Flow
Free Cash Flow	153.81M	86.67M	142.72M	57.51M	106.95M	99.75M
Operating Cash Flow	154.87M	87.26M	144.80M	57.73M	107.17M	100.57M
Investing Cash Flow	-309.24M	-225.73M	-223.07M	-254.67M	16.71M	-73.35M
Financing Cash Flow	457.29M	-183.05M	444.74M	-119.78M	212.54M	16.91M

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 35.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VTMX, the sentiment is Positive. The current price of 35.99 is above the 20-day moving average (MA) of 33.05, above the 50-day MA of 31.91, and above the 200-day MA of 28.90, indicating a bullish trend. The MACD of 1.11 indicates Negative momentum. The RSI at 78.23 is Negative, neither overbought nor oversold. The STOCH value of 91.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VTMX.

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AXR	72 Outperform	$142.66M	13.40	8.04%	―	-27.32%	-15.12%
VTMX	68 Neutral	$3.27B	12.88	0.22%	2.29%	13.04%	-98.33%
FPH	68 Neutral	$603.11M	6.98	12.52%	―	-1.52%	81.35%
FOR	66 Neutral	$1.48B	8.90	9.82%	―	10.13%	-18.11%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ARL	53 Neutral	$280.88M	49.33	0.95%	―	-0.58%	―

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Corporate Events

Corporación Inmobiliaria Vesta Sets January 19, 2026 Payment for Fourth Dividend Installment

Corporación Inmobiliaria Vesta, S.A.B. de C.V., a Mexican industrial real estate developer and operator, announced that it will pay the fourth installment of a previously approved dividend on January 19, 2026. The payment, authorized at the Ordinary General Shareholders’ Meeting held on March 19, 2025, totals US$17.38 million, equivalent to US$0.0203418898196275 per eligible share, and will be paid in Mexican pesos through Indeval using the Bank of Mexico’s exchange rate published on January 16, 2026, underscoring Vesta’s ongoing cash returns to shareholders and providing clarity on timing and mechanics for investors and depository institutions.

The most recent analyst rating on (VTMX) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR stock, see the VTMX Stock Forecast page.

Vesta Secures Major Leases, Fully Occupies Tijuana Park

On December 4, 2025, Vesta announced the signing of three new lease agreements totaling over 550,000 square feet, marking significant progress in its Route 2030 strategic growth plan. Two of these leases were executed at Vesta Park Mega Region in Tijuana, fully leasing the park with tenants from the electronics sector, while the third lease in Queretaro involved a build-to-suit facility for a major aerospace company. These agreements highlight the robust demand for industrial real estate in Mexico, driven by strong infrastructure and a skilled labor force, reinforcing Mexico’s position as a cost-competitive location for production and logistics.

The most recent analyst rating on (VTMX) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR stock, see the VTMX Stock Forecast page.

Vesta Reports Strong Q3 2025 Earnings and Strategic Land Acquisition

On October 23, 2025, Vesta announced its third-quarter 2025 earnings results, highlighting a strong financial performance with a 13.7% year-over-year increase in total income to $72.4 million. The company also reported a 16.5% increase in funds from operations (FFO) to $47.4 million. Vesta’s strategic activities included the successful issuance of $500 million in senior unsecured notes, the acquisition of 330 acres of land in Monterrey, and the sale of a building in Ciudad Juarez, all contributing to its long-term growth strategy. These developments are expected to enhance Vesta’s market positioning and provide financial flexibility for future expansions.

The most recent analyst rating on (VTMX) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR stock, see the VTMX Stock Forecast page.