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.
News for Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) centers on its role as a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. Company updates frequently highlight leasing activity, development projects, capital markets transactions and portfolio performance, reflecting Vesta’s focus on industrial real estate within modern industrial parks across 16 Mexican states.
Readers of this news page can expect regular coverage of Vesta’s quarterly earnings results, where the company reports metrics such as total rental income, adjusted net operating income, adjusted EBITDA and funds from operations. These releases also discuss portfolio occupancy levels, same-store performance, construction in progress and land acquisitions in markets including Mexico City, Monterrey, Guadalajara, Querétaro and other industrial regions.
Vesta’s news flow also includes announcements of new lease agreements and renewals with tenants in sectors such as electronics, automotive, aerospace, food and beverage, retail, high-tech, pharmaceuticals, packaging and logistics. The company reports on build-to-suit and park-to-suit projects, as well as selective asset sales that align with its approach to portfolio management and asset recycling.
In addition, investors will find updates on Vesta’s financing activities, including senior unsecured note offerings, syndicated loans, dividend declarations and share repurchase programs, along with references to its long-term Route 2030 strategy. This news page brings together these disclosures so that followers of VTMX can review the company’s operational, financial and strategic developments in one place.
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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