Vesta Real Estate Corporation Stock Price, News & Analysis

Vesta (NYSE: VTMX) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC). The 2024 Annual Report is now accessible through the SEC's website and the SEC Filings section of Vesta's investor relations website. Shareholders can also request a complimentary hard copy of the company's complete audited financial statements.

Vesta (NYSE: VTMX) has scheduled its first quarter 2025 financial results release for Wednesday, April 23, 2025 after market close. The company will host a conference call to discuss the results on Thursday, April 24, 2025 at 11:00 a.m. ET (9:00 a.m. Mexico City Time).

Participants can join via webcast or dial in using international toll-free and toll numbers. The call replay will be available for one week and can be accessed through Vesta's IR website, along with the earnings release, financial tables, and presentation materials.

Vesta (NYSE: VTMX) reported strong Q4 2024 results with total income reaching US$ 252.3 million for full-year 2024, a 17.7% year-over-year increase exceeding guidance. The company achieved notable leasing activity of 7.7 million sf in 2024, with Q4 reaching 1.6 million sf. Total portfolio occupancy hit 93.4% in Q4.

Q4 2024 financial highlights include revenue of US$ 65.2 million (+16.5% YoY), Adjusted NOI of US$ 59.1 million (+11.7% YoY), and Adjusted EBITDA of US$ 52.3 million (+18.5% YoY). Vesta FFO reached US$ 160.1 million for 2024, up 25.2% from 2023.

The company secured a US$ 545 million Global Syndicated Sustainable Credit Facility and completed US$ 42.3 million in share repurchases. New construction totaled 2.6 million square feet in 2024, with an 11.0% weighted average yield on cost.

Vesta (NYSE: VTMX) has scheduled its fourth quarter 2024 financial results release for Tuesday, February 18th, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, February 19, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Mexico City time).

Investors can join via webcast or dial in using the following options: International Toll-Free at +1 (888) 350-3870 or International Toll at +1 (646) 960-0308. A telephonic replay will be available for one week after the call and can be accessed through Vesta's IR website, which will also provide the earnings release, financial tables, and presentation slides.

Vesta (NYSE: VTMX) has successfully closed a US$545 million Global Syndicated Sustainable Credit Facility. The facility consists of a US$345 million term loan available in two tranches (three and five years) with an 18-month availability period, and a US$200 million Revolving Credit Facility. The International Finance , BBVA, Citigroup, and Santander served as Joint Lead Arrangers.

The facility includes three components: a three-year US$172.5 million Term Loan at SOFR plus 130 basis points, a five-year US$172.5 million Term Loan at SOFR plus 150 basis points, and a four-year US$200 million revolving facility at SOFR plus 150 basis points. All tranches feature a potential 5 basis points reduction based on meeting sustainability targets related to certified building area.

Vesta (NYSE: VTMX), a leading Mexican industrial real estate company, announces its upcoming Investor Day scheduled for November 25, 2024. The event will feature presentations from Vesta's management team and will commence at 2:00 p.m. New York time.

Analysts and investors interested in participating can register for the webcast by 1:30 p.m. New York time. A livestream of the presentations will be accessible through Vesta's investor relations website at https://ir.vesta.com.mx/.

Vesta (NYSE: VTMX), a leading Mexican industrial real estate company, announces its hybrid Analyst and Investor Day scheduled for November 25, 2024, at the NYSE. The event will feature presentations from senior management covering development strategies, financial outlook, and ESG initiatives.

The event begins at 1:30 PM ET with registration, followed by presentations at 2:00 PM ET and a cocktail reception at 5:00 PM ET. Pre-registration is required by November 18, 2024, for in-person attendance. As of September 2024, Vesta owns 221 properties across 16 Mexican states, totaling 39.1 million square feet of gross leasable area, serving diverse industries including automotive, aerospace, and pharmaceuticals.

Vesta (NYSE: VTMX) reported strong Q3 2024 results with total income reaching US$ 63.7 million, up 14.4% year-over-year. The company updated its 2024 guidance, expecting revenue growth to exceed 17%, with improved Adjusted NOI margin to 94.5% and Adjusted EBITDA to 83.5%. Q3 leasing activity totaled 1.3 million sf, with portfolio occupancy at 93.9%. The company acquired 35.7 hectares in Tijuana and has 3.4 million sf under construction representing a US$ 328.9 million investment. Vesta FFO increased 20.3% to US$ 40.4 million, while maintaining strong financial metrics with Adjusted NOI and EBITDA margins at 94.2% and 84.5% respectively.

Vesta (NYSE: VTMX, BMV: VESTA) has announced its upcoming third quarter 2024 earnings conference call and webcast. The company's financial results will be released after market close on Thursday, October 24th, 2024. The conference call is scheduled for Friday, October 25, 2024, at 11:00 a.m. Eastern Time (9:00 a.m. Mexico City time).

Investors can join via webcast or by dialing in using the provided international toll-free and toll numbers. A participant code is required for access. A telephonic replay will be available for one week following the call and can be accessed via Vesta's IR website, along with the earnings press release, financial tables, and slide presentation.