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

• Market Cap: $2.72B
• Dividend Yield: 2.32%
• Average Volume (3M): 115.96K
• Price to Earnings (P/E): 399.3
• Beta (1Y): 0.58
• Revenue Growth: 13.04%
• EPS Growth: -98.33%
• Country: US
• Employees: 96
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.32
• Shares Outstanding: 88,248,726
• 10 Day Avg. Volume: 124,201
• 30 Day Avg. Volume: 115,963
• 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: 1.19
• Enterprise Value/Revenue: 11.86
• Enterprise Value/Gross Profit: 12.97
• Enterprise Value/Ebitda: 15.36
• 1Y Price Target: $35.00
• Price Target Upside: 17.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.51
• Revenue Forecast (FY): $282.00M

• Rating: 68 Neutral
• Price Target: $32.00 ▲(7.42% Upside)

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.

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

Company Description

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) is a leading real estate investment trust (REIT) based in Mexico, primarily focused on the acquisition, development, and leasing of industrial properties. The company operates within the industrial real estate sector, catering to various industries including logistics, manufacturing, and e-commerce. Vesta's portfolio consists of strategically located logistics parks and warehouses that provide essential infrastructure for businesses requiring efficient distribution and storage solutions.

How the Company Makes Money

Corporacion Inmobiliaria Vesta generates revenue primarily through the leasing of its industrial properties to a diverse range of tenants, including multinational corporations and local businesses. The company benefits from long-term lease agreements, which provide stable and recurring income. Key revenue streams include rental income from its portfolio of properties, ancillary services related to property management, and value-added services to tenants. Additionally, Vesta's strategic partnerships with various business entities enhance its market position and contribute to its earnings. The company's focus on expanding its property portfolio through acquisitions and developments also plays a crucial role in driving revenue growth.

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	274.36M	251.29M	214.47M	178.03M	160.79M	149.86M
Gross Profit	250.85M	225.39M	196.23M	166.60M	150.06M	149.86M
EBITDA	211.76M	194.17M	429.51M	339.71M	307.90M	168.03M
Net Income	5.87M	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	98.69M
Operating Cash Flow	154.87M	87.26M	144.80M	57.73M	107.17M	99.52M
Investing Cash Flow	-309.24M	-225.73M	-223.07M	-254.67M	16.71M	-72.91M
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: 29.79
• 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 29.79 is above the 20-day moving average (MA) of 28.47, above the 50-day MA of 27.72, and above the 200-day MA of 26.40, indicating a bullish trend. The MACD of 0.96 indicates Negative momentum. The RSI at 73.85 is Negative, neither overbought nor oversold. The STOCH value of 91.60 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
FPH	77 Outperform	$637.95M	4.52	12.52%	―	-1.52%	81.35%
FOR	70 Outperform	$1.28B	7.67	9.99%	―	10.13%	-18.11%
VTMX	68 Neutral	$2.72B	399.35	0.22%	2.32%	13.04%	-98.33%
AXR	66 Neutral	$111.16M	8.43	10.39%	―	-19.47%	41.27%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ARL	53 Neutral	$252.94M	-21.38	―	―	-0.58%	―

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

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.

Vesta Closes $500 Million Bond Transaction to Bolster Financial Strategy

On September 30, 2025, Vesta successfully closed a US$500 million bond transaction, issuing 5.500% senior unsecured notes due in 2033, rated BBB-/Positive by S&P Global Ratings and Fitch Ratings. This bond offering is expected to strengthen Vesta’s balance sheet, support its long-term strategy, and enhance financial flexibility by moving towards a fully unsecured capital structure. The proceeds will be used to prepay existing debt, extend the company’s maturity profile, and fund capital expenditures related to Vesta’s Route 2030 Strategy.

Vesta Prices $500 Million Senior Notes Offering

On September 25, 2025, Corporación Inmobiliaria Vesta announced the pricing of a US$500 million offering of 5.500% senior unsecured notes due January 30, 2033. The notes, issued through a private placement, will be used to repay certain debts and for capital expenditures and general corporate purposes. This strategic financial move is expected to bolster Vesta’s operational capabilities and strengthen its market position within the industrial real estate sector.

Vesta Announces Senior Notes Offering Amidst Strategic Growth

On September 22, 2025, Corporación Inmobiliaria Vesta announced a proposed offering of senior notes, indicating a strategic move to strengthen its financial position. The company has shown significant growth since its inception, with a robust portfolio and a focus on maximizing growth in Vesta Funds From Operations. Despite a decrease in profits from 2023 to 2024, Vesta continues to expand its real estate portfolio, maintaining a high occupancy rate and focusing on sustainable development.

Vesta Engages Deloitte Member Firm for 2025-2026 Audits

On July 24, 2025, Corporación Inmobiliaria Vesta’s Board of Directors approved the engagement of Galaz, Yamazaki, Ruiz Urquiza, S.C., a member of Deloitte Touche Tohmatsu Limited, for auditing services. The decision includes a comprehensive review of the company’s financial statements for 2025 and the first half of 2026, with fees not exceeding 12,077,772 Pesos, plus expenses and taxes. This move aims to ensure compliance with financial regulations and maintain transparency in Vesta’s operations.