Vesta Receives Credit Rating Upgrade to ‘BBB’ with Stable Outlook from Fitch Ratings

Vesta (NYSE: VTMX; BMV: VESTA) announced that Fitch Ratings upgraded the company’s Long-Term Foreign- and Local-Currency Issuer credit rating to ‘BBB’ from ‘BBB-’, with a stable outlook, in a rating action published on August 31, 2026.

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MEXICO CITY--(BUSINESS WIRE)-- Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta” or the “Company”) (NYSE: VTMX; BMV: VESTA), a fully integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, today announced that Fitch Ratings (“Fitch”) has upgraded Vesta’s Long-Term Foreign- and Local-Currency Issuer credit rating to ‘BBB’ from ‘BBB-’, with a stable outlook.

The rating action, published on August 31, 2026, reflects Vesta’s strong financial profile, supported by solid profitability, a prudent capital structure and adequate liquidity, while the Company continues to execute its growth strategy. Fitch also highlighted Vesta’s position as one of Mexico’s largest industrial real estate companies, its diversified, high-quality asset base, its exposure to investment-grade counterparties, and its fully unencumbered portfolio.

“Fitch’s upgrade to ‘BBB’, following S&P Global Ratings’ recent upgrade, reflects both agencies’ recognition of the strength and quality of our portfolio and our longstanding disciplined approach to growth, balance sheet management and capital allocation,” said Lorenzo Dominique Berho, Chief Executive Officer of Vesta. “Achieving a ‘BBB’ rating with a stable outlook from both agencies strengthens our access to capital and reinforces the financial flexibility with which we will continue executing Vesta’s Route 2030 strategy.”

Vesta remains committed to executing its Route 2030 growth strategy with financial discipline, supported by strong liquidity, prudent balance sheet management, and credit metrics consistent with its investment-grade profile.

About Vesta

Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of June 30, 2026, Vesta owned 232 properties located in modern industrial parks across 16 states in Mexico, totaling a GLA of 43.3 million sf (4.0 million m2). Vesta has several world-class clients participating in a variety of industries such as automotive, aerospace, retail, high-tech, pharmaceuticals, electronics, food and beverage and packaging. For additional information, please visit: www.vesta.com.mx

View source version on businesswire.com: https://www.businesswire.com/news/home/20260831062769/en/

Investor Relations in Mexico:
Juan Sottil, CFO
jsottil@vesta.com.mx
Tel: +52 55 5950-0070 ext.133

Fernanda Bettinger, IRO
mfbettinger@vesta.com.mx
investor.relations@vesta.com.mx
Tel: +52 55 5950-0070 ext.163

In New York:
Barbara Cano
barbara@inspirgroup.com

Source: Corporación Inmobiliaria Vesta, S.A.B. de C.V.

Key Terms

issuer credit rating financial

An issuer credit rating is an independent grade assigned to a company or government that summarizes how likely it is to meet its debt obligations, like a credit score or report card for a borrower. Investors use it to judge risk: a higher rating means lower chance of default and usually lower borrowing costs, while a lower rating signals greater risk and can make bonds more expensive or volatile, affecting returns and portfolio decisions.

stable outlook financial

A stable outlook is a credit-rating agency’s view that a company’s credit rating is unlikely to change over the medium term, indicating expected steadiness in its financial condition and ability to meet obligations. For investors it matters because a stable outlook signals lower likelihood of sudden changes to borrowing costs, dividend capacity or default risk—like a calm weather forecast, it helps set expectations about near-term risk and return.

investment-grade counterparties financial

Counterparties whose creditworthiness meets the "investment-grade" threshold used by major rating agencies, meaning they are judged to have relatively low risk of default (typically rated BBB-/Baa3 or higher). These are the other parties in a financial contract—banks, insurers, issuers, or trading partners—whose ability to meet obligations affects the credit risk, pricing, and reliability of transactions; think of them as the more financially dependable side in a deal.

unencumbered portfolio financial

A collection of financial assets that are not pledged as collateral, subject to liens, or legally restricted from sale or transfer. For investors, an unencumbered portfolio represents holdings that can be freely liquidated, rehypothecated, or used to secure financing; think of it like a house you own outright versus one with a mortgage—the unencumbered property can be sold or borrowed against without negotiating with a lender.