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MARKETS / NYSE / VTMX
NYSE · REAL ESTATE · LARGE CAP

Vesta Real Estate Corporation, S.a.b. de C.v. VTMX

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$283.2M
▲ 12.2% YoY
$241.9M
▲ 8.3% YoY
$206.4M
▲ 59.9% YoY
In brief

What this company does

Corporación Inmobiliaria Vesta is an internally managed real estate company that owns, manages, develops, and leases industrial properties in Mexico. It focuses on a single real estate segment comprised of industrial parks and industrial buildings in Mexico. As of December 31, 2025, its portfolio was comprised of 231 buildings with a total GLA of 42,954,022 square feet (3,990,559 square meters), and a stabilized occupancy rate of 93.6%. Its facilities are located in the Northwest, Northeast, Bajío-North, Bajío-South and Central regions of Mexico. As of December 31, 2025, it had 181 tenants, with 89.6% of its rents denominated in U.S. dollars and a weighted average remaining lease term of 4.8 years. Mercado Libre is its only client that occupies more than 5% of its total GLA, accounting for 5.6%. It was organized and commenced operations on July 18, 1996 as a Mexican limited liability variable capital company, and founded Corporación Inmobiliaria Vesta in 1998.

Written from the business description in Vesta Real Estate Corporation, S.A.B. de C.V.'s annual report to the U.S. Securities and Exchange Commission, filed 17 March 2026. Every sentence was checked against that document before publication.

Growth
USD 283.2M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 283.2 · Net income 241.9
200M20212022202320242025
Compound annual growth
+16.7%
−0.2%
−7.1%
+13.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
85 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Net 85.4%
50%100%20212022202320242025
ROE
FY2025 · ROE 9.1%
5%10%15%20212022202320242025

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 104.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 206.4
80M160M20212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 68.3 · Net buybacks 36.4
40M80M-200M-400MDividendsNet buybacks20212022202320242025

USD 68.3M in dividends and USD 36.4M in buybacks — 43% of the year's profit went back to shareholders.

Total assetsUSD 4.5B
EquityUSD 2.7B
CashUSD 336.9M
Gross debtUSD 1.3B
Net debtUSD 953.8M
Current ratio4.84×

Net debt stands at 35% of equity.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021
Revenue $B0.30.30.20.20.2
Operating income $B·····
EBITDA $B·····
Income tax $B−0.00.20.10.00.1
Net income $B0.20.20.30.20.2
Free cash flow $B0.20.10.10.10.1
EPS, diluted $0.280.250.410.350.26
Dividend / sh $·····
Payout %2829192332
ROE %9.18.815.315.812.0
Shares out B0.850.860.870.680.68

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 56 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate
Listed onNYSE
Incorporated inoutside the United States — SEC code O5
Fiscal year endsDecember 31
Data on record since2021

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