Vesta Real Estate Corporation Financials
Vesta Real Estate Corporation (VTMX) reported $283.2M in revenue for fiscal year 2025, up 12.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Asset-heavy expansion is funded largely by equity and operating cash, while returns remain modest relative to the growing property base.
In FY2025, operating cash flow of$207M nearly matched net income of$242M , indicating that reported earnings converted into cash rather than relying mainly on accruals. Free cash flow of$206M was also close to operating cash flow despite only$837K of capital expenditure, while the$336M investing outflow suggests cash was being deployed beyond routine maintenance.
Assets rose from
At FY2025 year-end, total liabilities of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Vesta Real Estate Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Vesta Real Estate Corporation, and counted as zero in the overall score.
Vesta Real Estate Corporation's revenue grew 12.2% year-over-year to $283.2M, a solid pace of expansion. This earns a growth score of 75/100.
Vesta Real Estate Corporation carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.84, Vesta Real Estate Corporation holds $4.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
Vesta Real Estate Corporation converts 72.9% of revenue into free cash flow ($206.4M). This strong cash generation earns a score of 99/100.
Not available for Vesta Real Estate Corporation, and counted as zero in the overall score.
Vesta Real Estate Corporation passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Vesta Real Estate Corporation generates $0.86 in operating cash flow ($207.3M OCF vs $241.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Vesta Real Estate Corporation generated $283.2M in revenue in fiscal year 2025. This represents an increase of 12.2% from the prior year.
Vesta Real Estate Corporation reported $241.9M in net income in fiscal year 2025. This represents an increase of 8.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Vesta Real Estate Corporation generated $206.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 59.9% from the prior year.
Vesta Real Estate Corporation held $336.9M in cash against $815K in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Vesta Real Estate Corporation's net profit margin was 85.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.
Vesta Real Estate Corporation's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Vesta Real Estate Corporation invested $837K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 40.2% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
VTMX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
VTMX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Total Assets | $4.5B+14.8% | $4.0B+4.4% | $3.8B+28.4% | $3.0B+7.0% | $2.8B |
| Current Assets | $397.4M+63.0% | $243.8M-57.0% | $566.4M+180.1% | $202.2M-58.0% | $481.7M |
| Cash & Equivalents | $336.9M+83.1% | $184.0M-63.3% | $501.1M+260.4% | $139.1M-69.3% | $452.8M |
| Total Liabilities | $1.8B+31.9% | $1.4B+4.2% | $1.3B-0.6% | $1.3B+0.5% | $1.3B |
| Current Liabilities | $82.1M-9.6% | $90.8M-38.5% | $147.6M+145.7% | $60.0M-10.7% | $67.2M |
| Long-Term Debt | $815K+444.1% | $150K-48.4% | $290K-67.7% | $898K-2.0% | $916K |
| Total Equity | $2.7B+5.8% | $2.6B+4.4% | $2.5B+51.7% | $1.6B+12.8% | $1.5B |
| Retained Earnings | $1.3B+15.0% | $1.1B+16.0% | $989.7M+35.0% | $733.4M+34.0% | $547.2M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
VTMX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
VTMX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Current Ratio | 4.84+2.2x | 2.68-1.2x | 3.84+0.5x | 3.37-3.8x | 7.17 |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
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Where Vesta Real Estate Corporation Ranks
Frequently Asked Questions
What is Vesta Real Estate Corporation's annual revenue?
Vesta Real Estate Corporation (VTMX) reported $283.2M in total revenue for fiscal year 2025. This represents a 12.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vesta Real Estate Corporation's revenue growing?
Vesta Real Estate Corporation (VTMX) revenue grew by 12.2% year-over-year, from $252.3M to $283.2M in fiscal year 2025.
Is Vesta Real Estate Corporation profitable?
Yes, Vesta Real Estate Corporation (VTMX) reported a net income of $241.9M in fiscal year 2025, with a net profit margin of 85.4%.
How much debt does Vesta Real Estate Corporation have?
As of fiscal year 2025, Vesta Real Estate Corporation (VTMX) had $336.9M in cash and equivalents against $815K in long-term debt.
What is Vesta Real Estate Corporation's net profit margin?
Vesta Real Estate Corporation (VTMX) had a net profit margin of 85.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vesta Real Estate Corporation's return on equity (ROE)?
Vesta Real Estate Corporation (VTMX) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Vesta Real Estate Corporation's free cash flow?
Vesta Real Estate Corporation (VTMX) generated $206.4M in free cash flow during fiscal year 2025. This represents a 59.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Vesta Real Estate Corporation's operating cash flow?
Vesta Real Estate Corporation (VTMX) generated $207.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vesta Real Estate Corporation's total assets?
Vesta Real Estate Corporation (VTMX) had $4.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Vesta Real Estate Corporation's capital expenditures?
Vesta Real Estate Corporation (VTMX) invested $837K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Vesta Real Estate Corporation's current ratio?
Vesta Real Estate Corporation (VTMX) had a current ratio of 4.84 as of fiscal year 2025, which is generally considered healthy.
What is Vesta Real Estate Corporation's debt-to-equity ratio?
Vesta Real Estate Corporation (VTMX) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vesta Real Estate Corporation's return on assets (ROA)?
Vesta Real Estate Corporation (VTMX) had a return on assets of 5.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vesta Real Estate Corporation's Piotroski F-Score?
Vesta Real Estate Corporation (VTMX) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vesta Real Estate Corporation's earnings high quality?
Vesta Real Estate Corporation (VTMX) has an earnings quality ratio of 0.86x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Vesta Real Estate Corporation?
Vesta Real Estate Corporation (VTMX) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.