Welcome to our dedicated page for Vesta Real Estate Corporation news (Ticker: VTMX), a resource for investors and traders seeking the latest updates and insights on Vesta Real Estate Corporation stock.
Vesta Real Estate Corporation (VTMX) is a leader in developing industrial properties and distribution centers across Mexico. This page provides comprehensive updates on the company’s latest news, including earnings reports, strategic partnerships, and project milestones.
Investors and industry professionals will find curated press releases and announcements detailing Vesta’s build-to-suit developments, lease agreements, and market expansions. Our repository ensures access to verified information directly impacting the industrial real estate sector.
Key updates include acquisitions, sustainability initiatives, and operational advancements tailored to sectors like logistics, automotive, and manufacturing. Bookmark this page to monitor Vesta’s growth in Mexico’s dynamic industrial property landscape.
Corporación Inmobiliaria Vesta reported strong Q2 2024 results, with total income reaching US$ 63.0 million, a 22.4% year-over-year increase. The company's Adjusted NOI margin was 94.7%, while the Adjusted EBITDA margin stood at 82.3%. Vesta's FFO increased by 23.2% to US$ 37.9 million compared to Q2 2023. The company's total portfolio occupancy reached 95.0%, with stabilized and same-store occupancy at record levels of 97.5% and 97.8%, respectively. Vesta's leasing activity for Q2 2024 totaled 2.8 million sf, including 1.0 million sf in new contracts and 1.8 million sf in renewals. The company also began construction on four new buildings, expanding its development portfolio in line with its growth strategy.
Corporación Inmobiliaria Vesta (NYSE: VTMX, BMV: VESTA) will release its second quarter 2024 financial results after market close on July 25, 2024.
The company will host a conference call to discuss the results on July 26, 2024, at 11:00 a.m. Eastern Time (9:00 a.m. Mexico City Time). The call can be accessed via webcast or through international toll-free and toll numbers provided.
A telephonic replay will be available for one week following the call. The earnings press release, financial tables, and slide presentation will be available on Vesta's Investor Relations website.
Vesta, a leading industrial real estate company in Mexico, will host its hybrid Analyst and Investor Day on November 6, 2024, in New York City. The event is geared towards equity analysts and institutional investors and will feature presentations by CEO Lorenzo Dominique Berho, CFO Juan Sottil, and other key management and board members. Pre-registration is required by October 30, 2024. Post-event, an archived replay and slide presentation will be available for attendees. For more information or to register, interested parties should contact InspIR Group.
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