Corporación Inmobiliaria Vesta Reports Third Quarter 2024 Earnings Results
Corporacion Inmobiliaria Vesta, S.A.B de C.V. (VTMX)
Company Research
Source: Business Wire
MEXICO CITY--(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 third quarter ended September 30, 2024. 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, our consolidated financial statements, including the notes thereto. Vesta’s financial results are stated in US dollars unless otherwise noted.Q3 2024 HighlightsVesta updated its full year 2024 guidance: revenue guidance has been upwardly revised and is expected to exceed 17%, an increase from the Company´s prior guidance of 16-17%, Adjusted NOI margin has been revised to 94.5% from 94.0% and Adjusted EBITDA has been revised to 83.5% from 83.0%. This reflects
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- Vesta to Host Investor Day on November 25, 2024, in New YorkBusiness Wire
- Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $42.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- Vesta Announces Third Quarter 2024 Earnings Conference Call and WebcastBusiness Wire