NYSE$VTMX
Corp Inmobiliaria Vesta Sab De Cv · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Vesta reported strong financial results with significant revenue and NOI growth, supported by leasing activity and strategic acquisitions.
Vesta achieved a 16.5% year-over-year increase in revenue, reaching $65.2 million for Q4 2024. Adjusted NOI and EBITDA margins remained high at 93.5% and 82.7%, respectively. Leasing activity was robust, with 1.6 million square feet leased, driving increased occupancy. The company also closed a $545 million syndicated sustainable credit facility to support future growth.
- Q4 2024 revenue increased by 16.5% year-over-year to $65.2 million.
- Adjusted NOI margin was 93.5%, while EBITDA margin reached 82.7%.
- Leased 1.6 million sf in Q4, with total occupancy reaching 93.4%.
- Closed a $545 million syndicated sustainable credit facility.
Headline financials
Revenue & EPS history
Vesta · Revenue · Quarterly
$65.2M
Forward guidance
Vesta remains focused on growth through new leasing, strategic acquisitions, and development while maintaining high NOI and EBITDA margins.
Tailwinds
- Strong demand for industrial space driving leasing activity.
- Continued expansion in key Mexican markets.
- New developments will add approximately 2.8 million sf of GLA.
- Strategic land acquisitions support long-term growth.
- Stable financial position with access to $545 million in financing.
Headwinds
- Higher costs impacting NOI margin compared to prior year.
- Potential macroeconomic uncertainties affecting demand.
- Fluctuations in interest rates may impact financing costs.
- Sustainability commitments require continued capital investment.
- Competitive pressure from other industrial real estate firms.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q4 2024
-0.2%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+4.4%
Avg return
30 days after
33%
3 / 9 earnings
Positive
+6.5%
Q4 2026
Best reaction
-7.2%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2026 | +6.5% | -1.4% | -5.6% | |
| Q2 2025 | +0.0% | +8.9% | +15.4% | |
| Q1 2025 | +4.4% | +7.6% | +14.2% | |
| Q4 2024 | -7.2% | -10.3% | -12.2% | |
| Q2 2024 | -2.6% | -6.6% | -3.1% | |
| Q1 2024 | +1.6% | -0.3% | +0.6% | |
| Q4 2023 | -0.5% | -2.2% | +6.4% | |
| Q3 2023 | -0.7% | +2.0% | +21.1% | |
| Q2 2023 | -3.2% | -1.9% | +2.7% | |
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