Corporacion Inmobiliaria Vesta SAB de CV (OTCPK:VESTF)

Q3 2025 Vesta Real Estate Corporation SAB de CV Earnings Call (Spanish) Transcript

Oct 24, 2025 / 03:00 PM GMT

Release Date Price: $1.88

Transcript

Key Points

Positve

Leasing momentum is returning with increased tenant demand and strong leasing absorption.
Rental revenues increased, supported by new rent-generating buildings and high retention rates.
Total income for the third quarter reached $72.4 million, a 13.7% year-over-year increase.
Successful acquisition of 330 acres of land in Monterrey, enhancing strategic positioning.
Strong financial results with an adjusted NOI margin of 94.4% and EBITDA growth of 15% year-over-year.

Negative

Overall portfolio occupancy slightly decreased due to new buildings in the leasing phase.
Tijuana market experiencing high vacancy due to a recent influx of supply.
Pre-tax income decreased to $52.4 million from $62.7 million in 2024 due to lower gains on revaluation.
Concerns about the impact of the upcoming USMCA review on long-term development plans.
Slight decline in leasing spreads from 13.7% to 12.4% year-over-year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VESTA.MX - Vesta Real Estate Corporation SAB de CV
Q3 2025 Vesta Real Estate Corporation SAB de CV Earnings Call (Spanish)
Oct 24, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, ladies and gentlemen. Welcome to the Vesta 3rd quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow today's prepared remarks, and as a reminder, this call is being recorded. It is all my pleasure to introduce your host, Fernanda Bettinger, Buss investor relations officer. Please go ahead.

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Unidentified_2 [2]
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Good morning everyone and welcome to our review of 3rd quarter 2025 earnings results.

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