Corporacin Inmobiliaria Vesta SAB de CV (VTMX)

Vesta Announces Closing of the Over-Allotment Option Granted in the Follow-On OfferingJune 4, 2026 4:22 PM
Business Wire Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (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, in connection with its previously completed global offering, the international underwriters have exercised their option to purchase an additional 7,749,200 common shares represented by American Depositary Shares, or ADS, at a price of US$34.62 per ADS in the United States. Each ADS represents 10 common shares of Vesta. The underlying common shares are registered in the Mexican National Securities Registry (Registro Nacional de Valores; the “RNV”), which is maintained by the Mexican National Banking and Securities Commission (Comision Nacional Bancaria y de Valores; the “CNBV”). The additional common shares represented by ADSs sold under the option were sold on the same terms and conditions as the initial common shares represented by ADSs. The gross proceeds from the additional common shares were approximately US$26.8 million. Vesta intends to use the net proceeds to fund its growth strategy, as described in its prospectus supplement. Barclays, J.P. Morgan and Morgan Stanley acted as joint global coordinators of the offering. BofA Securities, BTG Pactual and Santander acted as joint book-runners. The international offering in the United States and elsewhere (outside Mexico) was made only by means of a prospectus and a prospectus supplement. Copies of the prospectus supplement related to the offering may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus @SMACM-603-5847); J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com); or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 (or by email to: prospectus@morganstanley.com). The Mexican offering was conducted pursuant to a preliminary prospectus and a final prospectus publicly available at the sites of the CNBV and the Mexican Stock Exchange. The Company has filed an automatically effective shelf registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offering to which this communication relates and has received an approval from CNBV to conduct a public offering in Mexico. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. The ADSs have not been and will not be registered with the RNV, maintained by the CNBV, and may not be offered or sold publicly in Mexico. The common shares underlying the ADSs have been registered with the RNV; registration of the common shares with the RNV does not imply any certification as to the investment quality of the common shares underlying the ADSs, our solvency, liquidity, credit quality or the accuracy or completeness of the information contained herein, and does not ratify or validate any actions or omissions, if any, undertaken in contravention of applicable law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. About Vesta Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of March 31, 2026, Vesta owned 231 properties located throughout Mexico’s key trade, logistics corridors with the U.S., manufacturing centers and urban areas, totaling a GLA of 43.0 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604103932/en/ Investor Relations in Mexico: Juan Sottil, CFO

Vesta Announces Two New Lease Agreements Totaling More Than 570 Thousand Square Feet in MonterreyMay 26, 2026 8:27 AM
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, announced that it has entered into two new lease agreements for a total of more than 570 thousand square feet in Monterrey, reflecting the continued progress on the Company’s Route 2030 strategic growth plan. At Vesta Park Apodaca, one of the industrial parks with the best connectivity and building quality in Monterrey, Vesta leased two buildings to European companies specializing in industrial manufacturing and the production of industrial equipment linked to critical infrastructure and specialized supply chains. These operations will strengthen the region's industrial ecosystem and contribute to the growth of strategic sectors in North America, particularly those related to the expansion of data center infrastructure. “We are very pleased with the demand for space we are seeing related to the data center sector in North America. At Vesta, we will continue to serve the fastest-growing industries,” said Mario Chacón, Vesta’s Chief Commercial Officer. With these transactions, Vesta continues to consolidate its position as one of the leading developers of industrial infrastructure in Mexico, driving projects aligned with the trends of digitalization, nearshoring and expansion of industrial capabilities in the region. Note on Forward-Looking Statements This press release may contain certain forward-looking statements and information relating to the Company and its expected future performance that reflects the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe,” “anticipate,” “expect,” “envisages,” “will likely result,” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, regional and local economic and political climates; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties; (v) tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain; (vii) environmental uncertainties, including risks of natural disasters; (viii) risks related to any potential health crisis and the measures that governments, agencies, law enforcement and/or health authorities implement to address such crisis; and (ix) those additional factors discussed in reports filed with the Bolsa Mexicana de Valores and in the U.S. Securities and Exchange Commission. We caution you that these important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to update or revise any forward-looking statements, including any financial guidance, whether as a result of new information, future events or otherwise except as may be required by law. About Vesta Vesta is a leading real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of March 31, 2026, Vesta owned 231 properties located in modern industrial parks across 16 states in Mexico, totaling 43.0 million sf (4.0 million m2) of gross leasable area (GLA). Vesta serves a diversified base of world-class clients across a range of industries, including 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/20260521330990/en/ Investor Relations in Mexico:
Juan Sottil, CFO

Vesta Announces Closing of Follow-On OfferingMay 18, 2026 4:51 PM
Business Wire Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (NYSE: VTMX; BMV: VESTA), a fully-integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, today announced the closing of its global offering of 1,199,285 American Depositary Shares, or ADS, at a price of US$34.62 per ADS in the United States (the “International Offering”) and 58,054,784 common shares at a price of Ps.$59.50 per common share in Mexico (the “Mexican Offering”, and together with the International Offering, the “Global Offering”). Each ADS represents 10 common shares of Vesta. The underlying common shares are registered in the Mexican National Securities Registry (Registro Nacional de Valores; the “RNV”), which is maintained by the Mexican National Banking and Securities Commission (Comision Nacional Bancaria y de Valores; the “CNBV”). The international underwriters have been granted a 30-day option to purchase up to 10,507,140 additional common shares represented by ADSs. Any common shares represented by ADSs sold under the option will be sold on the same terms and conditions as the initial common shares represented by ADSs, that are the subject of the International Offering. The gross proceeds were approximately US$242.5 million. Vesta intends to use the net proceeds from the offering to fund its growth strategy, as described in its prospectus supplement. Barclays, J.P. Morgan and Morgan Stanley are acting as joint global coordinators of this offering. BofA Securities, BTG Pactual and Santander are acting as joint book-runners. The International Offering in the United States and elsewhere (outside Mexico) was made only by means of a prospectus and a prospectus supplement. Copies of the prospectus supplement related to the offering may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus @SMACM-603-5847); J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com); or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 (or by email to: prospectus@morganstanley.com). The Mexican Offering was conducted pursuant to a preliminary prospectus and a final prospectus publicly available at the sites of the CNBV and the Mexican Stock Exchange. The Company has filed an automatically effective shelf registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offering to which this communication relates and has received an approval from CNBV to conduct a public offering in Mexico. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. The ADSs have not been and will not be registered with the RNV, maintained by the CNBV, and may not be offered or sold publicly in Mexico. The common shares underlying the ADSs have been registered with the RNV; registration of the common shares with the RNV does not imply any certification as to the investment quality of the common shares underlying the ADSs, our solvency, liquidity, credit quality or the accuracy or completeness of the information contained herein, and does not ratify or validate any actions or omissions, if any, undertaken in contravention of applicable law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. About Vesta Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of March 31, 2026, Vesta owned 231 properties located throughout Mexico’s key trade, logistics corridors with the U.S., manufacturing centers and urban areas, totaling a GLA of 43.0 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518987196/en/ Investor Relations in Mexico:

Juan Sottil, CFO

Vesta Announces Pricing of Follow-On OfferingMay 14, 2026 8:32 AM
Business Wire Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (NYSE: VTMX; BMV: VESTA), a fully-integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, today announced the pricing of its global offering of 1,199,285 American Depositary Shares, or ADS, at a price of US$34.62 per ADS in the United States (the “International Offering”) and 58,054,784 common shares at a price of Ps.$59.50 per common share in Mexico (the “Mexican Offering”, and together with the International Offering, the “Global Offering”). Each ADS represents 10 common shares of Vesta. The underlying common shares are registered in the Mexican National Securities Registry (Registro Nacional de Valores; the “RNV”), which is maintained by the Mexican National Banking and Securities Commission (Comision Nacional Bancaria y de Valores; the “CNBV”). The Global Offering is expected to close on May 18, 2026, subject to customary closing conditions. The international underwriters have been granted a 30-day option to purchase up to 10,507,140 additional common shares represented by ADSs. Any common shares represented by ADSs sold under the option will be sold on the same terms and conditions as the initial common shares represented by ADSs, that are the subject of the International Offering. Vesta intends to use the net proceeds from the offering to fund its growth strategy, as described in its prospectus supplement. Barclays, J.P. Morgan and Morgan Stanley are acting as joint global coordinators of this offering. BofA Securities, BTG Pactual and Santander are acting as joint book-runners. The International Offering in the United States and elsewhere (outside Mexico) was made only by means of a prospectus and a prospectus supplement. Copies of the prospectus supplement related to the offering may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus @SMACM-603-5847); J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com); or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 (or by email to: prospectus@morganstanley.com). The Mexican Offering was conducted pursuant to a preliminary prospectus and a final prospectus publicly available at the sites of the CNBV and the Mexican Stock Exchange. The Company has filed an automatically effective shelf registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offering to which this communication relates and has received an approval from CNBV to conduct a public offering in Mexico. Before you invest, you should read the prospectus in that registration statement and the Mexican preliminary and final prospectuses, including the documents incorporated by reference therein, any accompanying prospectus supplement and other documents the Company has filed or will file with the SEC and the CNBV for more complete information about the issuer and this offering. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. The ADSs have not been and will not be registered with the RNV, maintained by the CNBV, and may not be offered or sold publicly in Mexico. The common shares underlying the ADSs have been registered with the RNV; registration of the common shares with the RNV does not imply any certification as to the investment quality of the common shares underlying the ADSs, our solvency, liquidity, credit quality or the accuracy or completeness of the information contained herein, and does not ratify or validate any actions or omissions, if any, undertaken in contravention of applicable law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. About Vesta Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of March 31, 2026, Vesta owned 231 properties located throughout Mexico’s key trade, logistics corridors with the U.S., manufacturing centers and urban areas, totaling a GLA of 43.0 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514572703/en/ Investor Relations in Mexico: Juan Sottil, CFO

Vesta Announces Proposed Follow-On OfferingMay 7, 2026 6:15 AM
Business Wire Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (NYSE: VTMX; BMV: VESTA), a fully-integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, today announced the commencement of a global public offering of 70,047,634 common shares, including common shares represented by American Depositary Shares, or ADS, which are being offered in the United States and elsewhere (outside Mexico) by Vesta pursuant to a registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (“SEC”). The underlying common shares are registered in the Mexican National Securities Registry (Registro Nacional de Valores; the “RNV”), which is maintained by the Mexican National Banking and Securities Commission (Comision Nacional Bancaria y de Valores; the “CNBV”) and will be offered in a public offering in Mexico subject to obtaining an approval from the CNBV. Barclays, J.P. Morgan and Morgan Stanley are acting as joint global coordinators of this offering. The offering in the United States and elsewhere (outside Mexico) will be made only by means of a prospectus and a prospectus supplement. Copies of the preliminary prospectus supplement related to the offering may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus @SMACM-603-5847); J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com); or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 (or by email to: prospectus@morganstanley.com). The offering in Mexico will be conducted pursuant to a preliminary prospectus and a final prospectus publicly available at the sites of the CNBV and the Mexican Stock Exchange. The Company has filed an automatically effective shelf registration statement (including a prospectus) with the SEC and has filed to receive an approval from CNBV to conduct a public offering in Mexico. Before you invest, you should read the prospectus in that registration statement and the Mexican preliminary and final prospectuses, including the documents incorporated by reference therein, any accompanying prospectus supplement and other documents the Company has filed or will file with the SEC and the CNBV for more complete information about the issuer and this offering. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. The ADSs have not been and will not be registered with the RNV, maintained by the CNBV, and may not be offered or sold publicly in Mexico. The common shares underlying the ADSs have been registered with the RNV and an authorization to conduct a public offering in Mexico is pending, depending upon an approval from CNBV; registration of the common shares with the RNV does not imply any certification as to the investment quality of the common shares underlying the ADSs, our solvency, liquidity, credit quality or the accuracy or completeness of the information contained herein, and does not ratify or validate any actions or omissions, if any, undertaken in contravention of applicable law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. About Vesta Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of March 31, 2026, Vesta owned 231 properties located throughout Mexico’s key trade, logistics corridors with the U.S., manufacturing centers and urban areas, totaling a GLA of 43.0 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506044579/en/ Investor Relations in Mexico: Juan Sottil, CFO

Corporación Inmobiliaria Vesta Reports First Quarter 2026 Earnings ResultsApril 23, 2026 4:05 PM
Business Wire
Corporación Inmobiliaria Vesta S.A.B. de C.V., (“Vesta”, or the “Company”) (BMV: VESTA; NYSE: VTMX), a leading industrial real estate company in Mexico, today announced results for the first quarter ended March 31, 2026. All figures included herein were prepared in accordance with International Financial Reporting Standards (IFRS), which differs in certain significant respects from U.S. GAAP. This information should be read in conjunction with, and is qualified in its entirety by reference to, Vesta's consolidated financial statements, including the notes thereto. Vesta’s financial results are stated in US dollars unless otherwise noted.


Q1 2026 Highlights



Vesta delivered solid financial results for the first quarter 2026. Total rental income increased to US$ 76.7 million, while rental revenues reached US$ 74.0 million, a 14.1% sequential increase. Adjusted Net Operating Income (Adjusted NOI1) margin reached 95.1% for the first quarter 2026, while Adjusted EBITDA2 margin reached 83.9%. Vesta Funds From Operations (Vesta FFO) totaled US$ 43.1 million for the first quarter 2026; a slight 4.1% decrease compared to US$ 45.0 million for the first quarter of 2025.




First quarter 2026 leasing activity reached 1.6 million sf, including 1.0 million square feet (sf) in new leases with existing and new Vesta tenants in the logistics, electronics and aerospace sectors reflecting improving market dynamics. Lease renewals accounted for 0.6 million sf, with a weighted average lease term of approximately five years. Total portfolio occupancy reached 89.7% by quarter's end, while stabilized and same-store occupancy reached 93.4% and 95.0%, respectively.




Renewals and re-leasing activity for the last twelve-months reached 4.8 million sf, with a trailing twelve-month weighted average spread of 9.1%.




Increasing market activity led the Company to commence construction on three new buildings: one inventory building in Tijuana and two inventory buildings in Mexico City, reflecting the continued successful implementation of the Vesta 2030 strategy. Construction in progress totaled 1.6 million sf as of the end of the first quarter 2026, representing an estimated investment of approximately US$ 146.7 million, of which 50.0% was pre-leased, with an expected yield on cost of 10.1%.




Vesta announced that on February 17, 2026, it had prepaid its MetLife III facility for US$ 118 million. As a result, the Company has no secured debt, further strengthening its balance sheet while enhancing overall financial flexibility.




Subsequent to quarter-end, on April 22, 2026, Vesta held its General Shareholders' Meeting, at which shareholders approved a 2026 dividend of US$ 74.8 million, representing a 7.5% year over year increase. Vesta will pay a total dividend of US$ 18.7 million for the first quarter of 2026 on May 6, 2026.





 






 






 






 








Financial Indicators (million)






Q1 2026






Q1 2025






Chg. %








Total Rental Income






76.7






67.1






14.4








Total Revenues (-) Energy






74.0






64.9






14.1








Adjusted NOI






70.4






62.1






13.4








Adjusted NOI Margin %






95.1%






95.7%






 








Adjusted EBITDA






62.1






55.3






12.4








Adjusted EBITDA Margin %






83.9%






85.2%






 








EBITDA Per Share






0.0723






0.0637






13.5








Total Comprehensive Income






107.6






12.3






774.7








Vesta FFO






43.1






45.0






(4.1)








Vesta FFO Per Share






0.0502






0.0518






(309.4)








Vesta FFO (-) Tax Expense






37.9






36.1






4.9








Vesta FFO(-) Tax Expense Per Share






0.0441






0.0416






6.0








Diluted EPS






0.1253






0.0142






783.7








Shares (average)






859.0






867.9






(1.0)








First quarter 2026 total revenues reached US$ 76.7 million; a 14.4% year over year increase from US$ 67.1 million in the first quarter 2025. Total revenues excluding energy increased to US$ 74.0 million; a 14.1% year over year increase from US$ 64.9 million in 2025 due to US$ 8.1 million in new revenue-generating contracts and a US$ 2.0 million favorable inflationary impact on first quarter 2026 results.




First quarter 2026 Adjusted NOI increased 13.4% to US$ 70.4 million, compared to US$ 62.1 million in the first quarter of 2025. Adjusted NOI margin for the first quarter was 95.1%; a 62 basis point year over year decrease, primarily driven by an increased proportion of costs relative to rental income.




Adjusted EBITDA for the quarter increased 12.4% to US$ 62.1 million, compared to US$ 55.3 million in the first quarter 2025. Adjusted EBITDA margin for the quarter was 83.9%; a 130 basis point decrease primarily driven by higher costs and increased administrative expenses, year over year.




First quarter 2026 Vesta funds from operations after tax (Vesta FFO Less Tax Expense) increased to US$ 37.9 million, compared to US$ 36.1 million for the same period in 2025. Vesta FFO after tax per share was US$ 0.0441 for the first quarter of 2026, compared to US$ 0.0416 for the same period in 2025, a 6.0% increase. This increase was primarily due to a favorable tax expense impact during the quarter, primarily driven by deferred tax effects.




First quarter 2026 Vesta FFO excluding current tax was US$ 43.1 million, compared to US$ 45.0 million in the first quarter of 2025. The decrease was primarily due to higher interest expense in the first quarter of 2026 compared to the same period in 2025.




First quarter 2026 total comprehensive income was a gain of US$ 107.6 million, compared to a US$ 12.3 million gain in the first quarter of 2025, primarily due to a higher gain on revaluation of investment properties and a favorable tax impact during the first quarter of 2026.




The total value of Vesta’s investment property portfolio was US$ 4.2 billion as of March 31, 2026; a 2.4% increase compared to US$ 4.1 billion at the end of December 31, 2025.



For a full version of Corporación Inmobiliaria Vesta First Quarter 2026 Earnings Release, please visit: https://ir.vesta.com.mx/financial-results


CONFERENCE CALL INFORMATION


Conference Call

Friday, April 24, 2026

9:00 a.m. (Mexico City Time)

11:00 a.m. (Eastern Time)


To participate in the conference call please connect via webcast or by dialing:


International Toll-Free: +1 (888) 350-3870

International Toll: +1 (646) 960-0308

International Numbers: https://events.q4irportal.com/custom/access/2324/

Participant Code: 1849111


Webcast: https://events.q4inc.com/attendee/586656108


The replay will be available two hours after the call has ended and can be accessed from Vesta's IR website.


About Vesta


Vesta is a leading real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of March 31, 2026, Vesta owned 231 properties located in modern industrial parks across 16 states in Mexico, totaling 43.0 million sf (4.0 million m2) of gross leasable area (GLA). Vesta serves a diversified base of world-class clients across a range of industries, including automotive, aerospace, retail, high-tech, pharmaceuticals, electronics, food and beverage and packaging. For additional information, please visit: www.vesta.com.mx.


Note on Forward-Looking Statements


This report may contain certain forward-looking statements and information relating to the Company and its expected future performance that reflects the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe,” “anticipate,” “expect,” “envisages,” “will likely result,” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, regional and local economic and political climates; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties; (v) tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain; (vii) environmental uncertainties, including risks of natural disasters; (viii) risks related to any potential health crisis and the measures that governments, agencies, law enforcement and/or health authorities implement to address such crisis; and (ix) those additional factors discussed in reports filed with the Bolsa Mexicana de Valores and in the U.S. Securities and Exchange Commission. We caution you that these important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to update or revise any forward-looking statements, including any financial guidance, whether as a result of new information, future events or otherwise except as may be required by law.


1 Adjusted NOI and Adjusted NOI Margin calculations have been modified, please refer to Notes and Disclaimers.

2 Adjusted EBITDA and Adjusted EBITDA Margin calculations have been modified, please refer to Notes and Disclaimers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260423543244/en/
Juan Sottil

CFO

+52 55 5950-0070 ext. 133

jsottil@vesta.com.mx

investor.relations@vesta.com.mx
Fernanda Bettinger

IRO

+52 55 5950-0070 ext. 163

mfbettinger@vesta.com.mx


Barbara Cano

InspIR Group

+1 (646) 452-2334

barbara@inspirgroup.com


Original: Corporación Inmobiliaria Vesta Reports First Quarter 2026 Earnings Results

Vesta Announces First Quarter 2026 Earnings Conference Call and WebcastMarch 24, 2026 4:10 PM
Business Wire
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX, BMV: VESTA) ("Vesta") announced today that the Company's First Quarter 2026 financial results will be released after market close on Thursday, April 23, 2026. Vesta will host a conference call to discuss its results.


Conference Call Details:

Friday, April 24, 2026

11:00 a.m. ET / 9:00 a.m. Mexico City Time


To participate in the conference call, please connect via webcast or by dialing:


International Toll-Free: +1 (888) 350-3870

International Toll: +1 (646) 960-0308

International Numbers: https://events.q4irportal.com/custom/access/2324/

Participant Code: 1849111

Webcast: https://events.q4inc.com/attendee/586656108


The call replay will be available for one week following the conference call and can be accessed two hours after the call’s completion via Vesta’s IR website, along with the company's earnings press release, financial tables, and slide presentation.


The call replay can also be accessed via +1-800-770-2030, Participant Code: 1849111


About Vesta


Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of December 31, 2025, Vesta’s portfolio was comprised of 231 Class A Buildings, across industrial corridors and principal industrial sites of the country, with a total owned GLA of 42,954,022 square feet and an average building life of 10.4 years. Vesta has several world-class clients participating in a variety of industries such as automotive, aerospace, high-tech, pharmaceuticals, electronics, food and beverage and packaging. For additional information visit www.vesta.com.mx.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260324631063/en/
Investor Relations Contact



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

Tel: +1 646-452-2334


Original: Vesta Announces First Quarter 2026 Earnings Conference Call and Webcast

Vesta Announces the Filing of Its Annual Report on Form 20-F for Fiscal Year 2025March 19, 2026 4:10 PM
Business Wire
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta” the “Company”) (NYSE: VTMX), hereby announces that on March 17, 2026, Vesta filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 (the “2025 Annual Report”) with the Securities and Exchange Commission (the “SEC”). The 2025 Annual Report can be accessed by visiting either the SEC’s website at www.sec.gov or the SEC Filings section of the Company’s investor relations website at https://ir.vesta.com.mx. In addition, shareholders may receive a hard copy of the Company’s complete audited financial statements free of charge, by requesting a copy from:


Investor Relations Contact 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

Tel: +1 646-452-2334


About Vesta


Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of December 31, 2025, Vesta’s portfolio was comprised of 231 Class A Buildings, across industrial corridors and principal industrial sites of the country, with a total owned GLA of 42,954,022 square feet and an average building life of 10.4 years. Vesta has several world-class clients participating in a variety of industries such as automotive, aerospace, high-tech, pharmaceuticals, electronics, food and beverage and packaging.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319915162/en/
Investor Relations Contact 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

Tel: +1 646-452-2334


Original: Vesta Announces the Filing of Its Annual Report on Form 20-F for Fiscal Year 2025

Corporación Inmobiliaria Vesta Reports Fourth Quarter 2025 Earnings ResultsFebruary 19, 2026 4:13 PM
Business Wire
Corporación Inmobiliaria Vesta S.A.B. de C.V., (“Vesta”, or the “Company”) (BMV: VESTA; NYSE: VTMX), a leading industrial real estate company in Mexico, today announced results for the fourth quarter ended December 31, 2025. All figures included herein were prepared in accordance with International Financial Reporting Standards (IFRS), which differs in certain significant respects from U.S. GAAP. This information should be read in conjunction with, and is qualified in its entirety by reference to, Vesta's consolidated financial statements, including the notes thereto. Vesta’s financial results are stated in US dollars unless otherwise noted.


Q4 2025 Highlights



Vesta delivered solid financial results for the full-year 2025. Total rental income increased to US$ 283.2 million, while rental revenues reached US$ 273.6 million, representing a 11.8% year over year increase and exceeding the upper end of the Company's 10-11% full year revenue guidance. Adjusted Net Operating Income (Adjusted NOI1) margin reached 94.8% in 2025, exceeding revised guidance of 94.5%, while Adjusted EBITDA2 margin reached 84.4%, in line with the revised guidance of 84.5%. Vesta Funds From Operations (Vesta FFO) totaled US$ 174.9 million in 2025 at; a 9.2% increase compared to US$ 160.1 million in 2024.


Vesta achieved strong leasing activity in 2025, totaling 6.9 million square feet (sf), including 1.9 million sf in new leases and 5.0 million in lease renewals, representing the highest level of renewals in the last three years, which resulted in a weighted lease term of seven-years.


Renewals and re-leasing activity in 2025 reached 5.4 million sf, with a trailing twelve-month weighted average spread of 10.8%.


Fourth quarter 2025 leasing activity reached 1.9 million sf: 771 thousand sf in new leases with existing and new Vesta tenants in the electronics, aerospace and automotive sectors, reflecting improving market dynamics. Lease renewals accounted for 1.2 million sf, with a weighted average lease term of approximately five years. Total portfolio occupancy reached 89.7% at quarter's end, while stabilized and same-store occupancy reached 93.6% and 95.0%, respectively.


During the quarter, Vesta began construction on two new buildings: one inventory building in Guadalajara and one built-to-suit in Querétaro. Construction in progress totaled 0.8 million sf as of the end of the fourth quarter 2025, representing an estimated investment of approximately US$ 59.0 million and an expected yield on cost of 9.9%.


On October 9, 2025, the Company repaid its Metlife II credit facility and the related incremental facility, totaling US$ 150 million and US$ 26.6 million, respectively. Subsequent to quarter-end, on February 17, Vesta prepaid its Metlife III facility of US$ 118 million. These repayments further strengthen the Company's balance sheet, leaving Vesta with no secured debt and enhancing overall financial flexibility.


Vesta paid dividends of US$ 17.4 million for the fourth quarter of 2025, equivalent to MXN$ 0.3751 per ordinary share, on January 19, 2026.


In 2025, the Company was included within the S&P/BMV Total ESG Mexico Index for the sixth consecutive year and was also included within the S&P Global Sustainability Yearbook for the third consecutive year. In addition, Vesta has surpassed the targets associated with its sustainability-linked bond issued in early 2021, ending 2025 with 19 new LEED-certified buildings and 19 buildings with EDGE certification. As a result, approximately 54% of the Company's gross leasable area (GLA) is now certified. Vesta is also among the leading companies in the MSCI ESG ratings, achieving an AA rating for the second consecutive year.



2026 Guidance


For 2026, Vesta expects rental revenues to increase in the range of 10.0-11.0%, with an Adjusted NOI margin of approximately 93.5% and an Adjusted EBITDA margin of approximately 83%, while maintaining solid performance across key operational metrics.3




 






 






 






 






12 months






 








Financial Indicators (million)






Q4 2025






Q4 2024






Chg. %






2025






2024






Chg. %








Total Rental Income






76.4






65.2






17.2






283.2






252.3






12.2








Total Revenues (-) Energy






73.4






63.3






16.0






273.6






244.8






11.8








Adjusted NOI






69.4






59.3






17.1






259.4






231.5






12.0








Adjusted NOI Margin %






94.6%






93.7%






 






94.8%






94.6%






 








Adjusted EBITDA






61.1






51.7






18.2






231.1






204.4






13.1








Adjusted EBITDA Margin %






83.3%






81.7%






 






84.4%






83.5%






 








EBITDA Per Share






0.0712






0.0590






20.8






0.2684






0.2314






16.0








Total Comprehensive Income






172.4






(66.6)






(358.6)






243.7






210.2






15.9








Vesta FFO






39.3






41.1






(4.3)






174.9






160.1






9.2








Vesta FFO Per Share






0.0458






0.0469






(227.2)






0.2031






0.1813






1201.3








Vesta FFO (-) Tax Expense






3.4






39.6






(91.4)






118.7






128.2






(7.4)








Vesta FFO (-) Tax Expense Per Share






0.0039






0.0452






(91.3)






0.1379






0.1452






(5.0)








Diluted EPS






0.2008






(0.0760)






(364.3)






0.2830






0.2380






18.9








Shares (average)






858.4






877.1






(2.1)






861.1






883.3






(2.5)








Fourth quarter 2025 total revenues reached US$ 76.4 million; a 17.2% year on year increase from US$ 65.2 million in the fourth quarter 2024. Total revenues excluding energy increased to US$ 73.4 million; a 16.0% year on year increase from US$ 63.3 million in 2024 due to US$ 8.6 million in new revenue-generating contracts and a US$ 2.2 million favorable inflationary impact on fourth quarter 2025 results.


Fourth quarter 2025 Adjusted NOI increased 17.1% to US$ 69.4 million, compared to US$ 59.3 million in the fourth quarter 2024. Adjusted NOI margin for the fourth quarter was 94.6%; a 88-basis-point year over year increase, driven by higher rental income and a decreased proportion of costs relative to rental income.


Adjusted EBITDA for the quarter increased 18.2% to US$ 61.1 million, compared to US$ 51.7 million in the fourth quarter 2024. Adjusted EBITDA margin for the quarter was 83.3%; an 155-basis-point increase primarily driven by higher revenues and a decline in administrative expenses as a percentage of rental income, reflecting Vesta's continued expense control discipline.


Fourth quarter 2025 Vesta funds from operations after tax (Vesta FFO Less Tax Expense) decreased to US$ 3.4 million, compared to US$ 39.6 million for the same period in 2024. Vesta FFO after tax per share was US$ 0.0039 for the fourth quarter 2025, compared with US$ 0.0452 for the same period in 2024; a 91.3% decrease. This decline was primarily due to higher current tax expense during the quarter, mainly as a result of Mexican peso appreciation. Fourth quarter 2025 Vesta FFO excluding current tax was US$ 39.3 million, compared to US$ 41.1 million in the fourth quarter 2024. The decrease was primarily due to higher interest expense in the fourth quarter of 2025 compared to the same period in 2024.


Fourth quarter 2025 total comprehensive income was a gain of US$ 172.4 million, compared to a US$ 66.6 million loss in the fourth quarter 2024, primarily due to a positive impact from deferred taxes during the fourth quarter 2025.


The total value of Vesta’s investment property portfolio was US$ 4.1 billion as of December 31, 2025; an 11.7% increase compared to US$ 3.7 billion at the end of December 31, 2024.



For a full version of Corporación Inmobiliaria Vesta Fourth Quarter 2025 Earnings Release, please visit: https://ir.vesta.com.mx/financial-results


CONFERENCE CALL INFORMATION


Conference Call

Friday, February 20, 2026

9:00 a.m. (Mexico City Time)

10:00 a.m. (Eastern Time)


To participate in the conference call please connect via webcast or by dialing:

International Toll-Free: +1 (888) 350-3870

International Toll: +1 (646) 960-0308

International Numbers: https://events.q4irportal.com/custom/access/2324/

Participant Code: 1849111


Webcast: https://events.q4inc.com/attendee/167506719


The replay will be available two hours after the call has ended and can be accessed from Vesta's IR website.


About Vesta


Vesta is a leading real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of December 31, 2025, Vesta owned 234 properties located in modern industrial parks across 16 states in Mexico, totaling 43.0 million sf (4.0 million m2) of gross leasable area (GLA). Vesta serves a diversified base of world-class clients across a range of industries, including automotive, aerospace, retail, high-tech, pharmaceuticals, electronics, food and beverage and packaging. For additional information, please visit: www.vesta.com.mx.


Note on Forward-Looking Statements


This report may contain certain forward-looking statements and information relating to the Company and its expected future performance that reflects the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe,” “anticipate,” “expect,” “envisages,” “will likely result,” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, regional and local economic and political climates; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties; (v) tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain; (vii) environmental uncertainties, including risks of natural disasters; (viii) risks related to any potential health crisis and the measures that governments, agencies, law enforcement and/or health authorities implement to address such crisis; and (ix) those additional factors discussed in reports filed with the Bolsa Mexicana de Valores and in the U.S. Securities and Exchange Commission. We caution you that these important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to update or revise any forward-looking statements, including any financial guidance, whether as a result of new information, future events or otherwise except as may be required by law.




 


1 Adjusted NOI and Adjusted NOI Margin calculations have been modified, please refer to Notes and Disclaimers.


2 Adjusted EBITDA and Adjusted EBITDA Margin calculations have been modified, please refer to Notes and Disclaimers.


3 These amounts are estimates and are based on management’s current expectations. Amounts are subject to change and Vesta undertakes no responsibility to update this outlook. The Company is unable to present a quantitative reconciliation of expected NOI margin and expected Adjusted EBITDA margin which are forward-looking non-IFRS measures, because the Company cannot reliably predict certain of their necessary components, such as gain on revaluation of investment property, exchange gain (loss) – net, or gain on sale of investment property, among others.


 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260219555425/en/
Juan Sottil

CFO

+52 55 5950-0070 ext. 133

jsottil@vesta.com.mx

investor.relations@vesta.com.mx


Fernanda Bettinger

IRO

+52 55 5950-0070 ext. 163

mfbettinger@vesta.com.mx


Barbara Cano

InspIR Group

+1 (646) 452-2334

barbara@inspirgroup.com


Original: Corporación Inmobiliaria Vesta Reports Fourth Quarter 2025 Earnings Results