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Stocks · Real estate · Real Estate

Vesta Real Estate Corporation, S.A.B. de C.V.

VTMX Clue Score61
Mexico Fiscal year ends December CIK 0001969373
$33.87 -0.21% Close, 9 Oct 2026
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Price $33.87 +5.42% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 30 Jun 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2021Revenue160.8Net income173.9EPS, diluted0.26Fiscal year 2022Revenue178.0 +10.7%Net income243.6 +40.1%EPS, diluted0.35 +33.1%Fiscal year 2023Revenue214.5 +20.5%Net income316.6 +30.0%EPS, diluted0.41 +17.4%Fiscal year 2024Revenue252.3 +17.7%Net income223.3 −29.5%EPS, diluted0.25 −38.6%Fiscal year 2025Revenue283.2 +12.2%Net income241.9 +8.3%EPS, diluted0.28 +11.1%
FY2021FY2022FY2023FY2024FY2025
Revenue 160.8 178.0 214.5 252.3 283.2
Growth +10.7% +20.5% +17.7% +12.2%
Net income 173.9 243.6 316.6 223.3 241.9
Growth +40.1% +30.0% −29.5% +8.3%
EPS, diluted 0.26 0.35 0.41 0.25 0.28
Growth +33.1% +17.4% −38.6% +11.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2021Net margin108.2%Free cash flow margin67.0%Fiscal year 2022Net margin136.8%Free cash flow margin36.5%Fiscal year 2023Net margin147.6%Free cash flow margin66.5%Fiscal year 2024Net margin88.5%Free cash flow margin51.2%Fiscal year 2025Net margin85.4%Free cash flow margin72.9%
FY2021FY2022FY2023FY2024FY2025
Net margin 108.2% 136.8% 147.6% 88.5% 85.4%
Free cash flow margin 67.0% 36.5% 66.5% 51.2% 72.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow107.9Capital expenditure−0.2Free cash flow107.7Buybacks0.0Dividends paid−55.4Fiscal year 2022Operating cash flow65.2Capital expenditure−0.2Free cash flow65.0 −39.7%Buybacks−15.6Dividends paid−57.0Fiscal year 2023Operating cash flow144.8Capital expenditure−2.1Free cash flow142.7 +119.6%Buybacks0.0Dividends paid−59.5Fiscal year 2024Operating cash flow129.7Capital expenditure−0.6Free cash flow129.1 −9.5%Buybacks−44.2Dividends paid−63.7Fiscal year 2025Operating cash flow207.3Capital expenditure−0.8Free cash flow206.4 +59.9%Buybacks−36.4Dividends paid−68.3
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 107.9 65.2 144.8 129.7 207.3
Capital expenditure −0.2 −0.2 −2.1 −0.6 −0.8
Free cash flow 107.7 65.0 142.7 129.1 206.4
Growth −39.7% +119.6% −9.5% +59.9%
Buybacks 0.0 −15.6 0.0 −44.2 −36.4
Dividends paid −55.4 −57.0 −59.5 −63.7 −68.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash452.8Total debt933.5Net cash (debt)−480.7Shareholders’ equity1,453.7Debt to equity0.64Fiscal year 2022Cash139.1Total debt930.5Net cash (debt)−791.4Shareholders’ equity1,639.8Debt to equity0.57Fiscal year 2023Cash501.1Total debt915.2Net cash (debt)−414.1Shareholders’ equity2,487.0Debt to equity0.37Fiscal year 2024Cash184.0Total debt847.1Net cash (debt)−663.1Shareholders’ equity2,597.3Debt to equity0.33Fiscal year 2025Cash336.9Total debt1,275.2Net cash (debt)−938.3Shareholders’ equity2,747.8Debt to equity0.46
FY2021FY2022FY2023FY2024FY2025
Cash 452.8 139.1 501.1 184.0 336.9
Total debt 933.5 930.5 915.2 847.1 1,275.2
Net cash (debt) −480.7 −791.4 −414.1 −663.1 −938.3
Shareholders’ equity 1,453.7 1,639.8 2,487.0 2,597.3 2,747.8
Debt to equity 0.64 0.57 0.37 0.33 0.46

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
160.8 178.0 214.5 252.3 283.2
Growth +10.7% +20.5% +17.7% +12.2%
21.4 24.4 31.7 34.2 35.5
256.0 291.8 381.6 426.2 234.0
82.1 48.2 65.0 202.8 −7.9
173.9 243.6 316.6 223.3 241.9
Growth +40.1% +30.0% −29.5% +8.3%
Per share
0.27 0.36 0.42 0.26 0.29
0.26 0.35 0.41 0.25 0.28
Growth +33.1% +17.4% −38.6% +11.1%
648.4 682.6 757.0 871.4 848.9
692.9 694.3 768.8 883.3 861.1
Growth +0.2% +10.7% +14.9% −2.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Profitable in every one of the 5 years on file.