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Corporacion Inmobiliaria Vesta SAB de CV (VESTF)
:VESTF
Earnings Data
Report Date
Jul 17, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
<0.01Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 0.00%
|Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced sentiment, with notable achievements in revenue growth and strategic initiatives like share buybacks and land acquisitions. However, these were tempered by challenges such as a slowdown in leasing activity, decreased pre-tax income, and higher costs impacting margins. The company remains optimistic but cautious, navigating through uncertainties in the macro-economic environment.Company Guidance
During the first quarter of 2025, Vesta demonstrated resilience amid a challenging macroeconomic environment, achieving solid operational performance. The company focused on lease renewals and maturing leases, resulting in an impressive 11.5% trailing 12-month weighted average spread, the highest since 2022. Rental uplifts exceeded 20% for some renewals, contributing to a 4.3% year-over-year increase in same-store NOI. Total leasing activity reached $1.4 million, with 139,000 square feet in new contracts from three new tenants and 1.2 million square feet in lease renewals. Vesta maintained a robust balance sheet, with an industry-low loan-to-value ratio of 20.6% following a $50 million debt repayment. The company executed a significant share buyback of 15.5 million shares, valued at $36 million, as part of a $150 million program approved by shareholders. Vesta reported a 10.7% increase in total revenues to $60.6 million, driven by new leases and inflationary rental adjustments, while adjusted EBITDA grew by 9.3% to $55 million, with a margin expansion of 50 basis points to 85.2%.Solid Revenue Growth
Total revenues increased by 10.7% to $60.6 million, primarily driven by rental revenues from new leases and inflationary adjustments.
Strong Leasing Activity
Total leasing activity in Q1 2025 reached $1.4 million, including 139,000 square feet of new contracts and 1.2 million square feet in lease renewals.
Share Buyback Program
Executed a major share buyback of 15.5 million shares worth $36 million, with an approved $150 million buyback program for 2025.
Strategic Land Acquisitions
New land acquisitions in Mexico City and Monterrey to support growth aligned with the Route 2030 strategy.
Financial Stability
Maintained a low loan-to-value ratio of 20.6% and net debt to EBITDA at 3.2 times, providing financial flexibility.
Corporacion Inmobiliaria Vesta SAB de CV (VESTF) Earnings, Revenues Date & History
VESTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VESTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $3.91 | $3.91 | 0.00% |
Feb 18, 2025 | $3.89 | $3.89 | 0.00% |
Oct 24, 2024 | $3.87 | $3.87 | 0.00% |
Jul 25, 2024 | $3.85 | $3.85 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Corporacion Inmobiliaria Vesta SAB de CV (VESTF) report earnings?
Corporacion Inmobiliaria Vesta SAB de CV (VESTF) is schdueled to report earning on Jul 17, 2025, TBA Not Confirmed.
What is Corporacion Inmobiliaria Vesta SAB de CV (VESTF) earnings time?
Corporacion Inmobiliaria Vesta SAB de CV (VESTF) earnings time is at Jul 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VESTF EPS forecast?
VESTF EPS forecast for the fiscal quarter 2025 (Q2) is 0.04.