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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
$34.47 +1.77% Close, 12 Oct 2026
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Price $34.47 +7.08% Close, 12 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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
159.2% 163.9% 177.9% 168.9% 82.6%
108.2% 136.8% 147.6% 88.5% 85.4%
67.0% 36.5% 66.5% 51.2% 72.9%
Spending
13.3% 13.7% 14.8% 13.5% 12.5%
0.1% 0.1% 1.0% 0.2% 0.3%
32.1% 16.5% 17.0% 47.6% −3.4%
Returns
12.0% 14.9% 12.7% 8.6% 8.8%
6.3% 8.2% 8.3% 5.6% 5.3%
Balance and payout
0.64 0.57 0.37 0.33 0.46
47.3% 44.5% 34.4% 34.4% 39.5%
31.8% 23.4% 18.8% 28.5% 28.2%
51.4% 111.7% 41.7% 83.5% 50.7%