Financial Data and Key Metrics Changes - Total revenues grew by 21% to $60.6 million, driven by rental revenue from new leases and inflationary adjustments [20] - Adjusted net operating income (NOI) increased by 20% to $57.4 million, with an adjusted NOI margin of 96% [21][24] - Funds from operations (FFO) rose by 32% to $40.4 million [23] Business Line Data and Key Metrics Changes - First quarter leasing activity reached 2 million square feet, with 1 million square feet from new leases and nearly 1 million square feet from renewals [10] - Stabilized occupancy increased by 40 basis points to 97.1%, reflecting a strong and diverse client base [9][15] Market Data and Key Metrics Changes - Rental prices for Mexico's industrial space rose by 22% year-on-year, averaging $6.89 per square meter [10] - Total portfolio occupancy increased to 94% from 93.4% in the previous quarter [15] Company Strategy and Development Direction - The company is focusing on acquiring strategically located land and developing best-in-class buildings to lease to top-tier clients [11][12] - Vesta aims to leverage its strong balance sheet and relationships to capture opportunities in Mexico's nearshoring wave [8][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain strong leasing activity and capture value from rent increases [33][35] - The Mexican economy is expected to grow between 1.8% to 2.5% in 2024, supported by incentives for nearshoring investments [14] Other Important Information - The company has a land bank that could potentially increase its portfolio by over 10 million square feet [51] - A cash dividend of MXN0.29 per ordinary share was paid for the first quarter [25] Q&A Session Summary Question: Rental growth on a per region basis - Management noted rent increases across most markets, with significant spreads in Tijuana and Ciudad Juarez [26][27] Question: Peso-denominated rents - There is strong interest from companies to lease in U.S. dollars, reflecting a preference for quality space over currency denomination [29] Question: Leasing spreads and expirations in 2025 - Management is proactive in renewing leases and expects potential upside in rent due to expirations [31][34] Question: Impact of increased capital flow on growth trajectory - Increased competition for land is acknowledged, but Vesta's development capabilities position it well to capture value [36][38] Question: Guidance for 2024 - Management confirmed that guidance remains unchanged from the previous quarter [41][44] Question: Non-tenant reimbursement - A significant reimbursement of $14 million was noted, related to tenant improvements [86] Question: Land sale dynamics - A non-strategic asset was sold for a premium, reflecting a strategy to clean up the portfolio [87] Question: Delivery timeline for development projects - Management expressed confidence in managing construction risks and maintaining strong leasing activity [90][92] Question: Interest in market acquisitions - Vesta will focus on its investment pipeline and maintain discipline in its strategy [94][96]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission File Number: 001-41730 Corporación Inmobiliaria Vesta, S.A.B. de C.V. Paseo de los Tamarindos No. 90, Torre II, Piso 28, Col. Bosques de las Lomas Cuajimalpa, C.P. 05120 Mexico City United Mexican States +52 (55) 5950-0070 (Address of principal executive office) Indicate by check ma ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. OR o SHELL COMPANY ...

Financial Data and Key Metrics Changes - Total revenue for 2023 increased by more than 20% to $214.5 million, with adjusted NOI and adjusted EBITDA margins of 94.6% and 82% respectively [23][31] - Fourth quarter total revenue rose 17.9% to $55.9 million, driven by new leases and inflationary adjustments [33] - Adjusted net operating income for Q4 increased 19.4% to $53 million, with a margin expansion of 220 basis points to 98.1% [34] - Funds from operations (FFO) for 2023 reached $127.9 million, a 23.6% year-on-year increase [23] Business Line Data and Key Metrics Changes - Leasing activity reached a record high of 2.7 million square feet in Q4, with 1.7 million square feet from new contracts and 1 million square feet from lease renewals [11][22] - The total development pipeline at the end of Q4 was 3.1 million square feet, with expected investments of $267.1 million [14] - Same-store NOI grew by 9.5% during the quarter, with leasing spreads averaging 6.5% [22][61] Market Data and Key Metrics Changes - Total portfolio occupancy for Q4 was 93.4%, with stabilized and same-store occupancy at 96.7% and 97% respectively [14] - The Bajio region is experiencing strong demand, with decreasing vacancy rates and increasing absorption [70][72] - Tijuana properties are not energy constrained, providing a competitive advantage in a constrained market [16][17] Company Strategy and Development Direction - The company aims to reach nearly 50 million square feet by 2025 as part of its level three growth plan [13] - Vesta focuses on maintaining high-quality assets and strong tenant relationships, which has led to significant expansions with clients like Foxconn and Tesla [9][10] - The company is committed to disciplined capital allocation and opportunistic acquisitions, emphasizing asset recycling as a key strategy [18][86] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued strong demand despite potential election-related uncertainties, with a focus on long-term investments [25][78] - The company expects revenue growth of 16% to 17% in 2024, with a target NOI margin of 94% and EBITDA margin of 83% [38] - Management believes that volatility in the market presents opportunities for growth and investment [26] Other Important Information - The company completed an acquisition of 81,000 square feet in Toluca at an estimated cap rate of 8.5% [13] - Cash and equivalents increased to $501 million, reflecting funds raised from recent IPO activities [36] - A cash dividend of $0.29 per ordinary share was paid for Q4 [37] Q&A Session Summary Question: Guidance on revenue growth deceleration - Management clarified that the guidance reflects sustainable growth and is not indicative of a slowdown, with continued strong rental growth expected [39][40] Question: Leasing dynamics in Monterrey - Management noted that occupancy in Monterrey is affected by ongoing developments, with plans for construction to increase footprint [43] Question: Increase in greenfield costs - Management explained that rising costs are due to market entry and construction material inflation, but these are offset by increased rental rates [46][48] Question: Land bank acquisition plans - Management confirmed plans to acquire land in strategic markets, focusing on Tijuana, Ciudad Juárez, and Mexico City [50] Question: Impact of elections on leasing decisions - Management does not foresee any slowdown in leasing decisions due to elections, citing strong demand and long-term commitments from clients [76][78] Question: Details on new contracts in Bajio - Management confirmed that new leases with Tesla and Foxconn are dollar-denominated and structured with long-term terms [90]

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on December 5, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Corporación Inmobiliaria Vesta, S.A.B. de C.V. (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Paseo de los Tamarindos No. 90, Torre II, Piso 28, Col. Bosques de las Lomas Cuajimalpa, C.P. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Yes No X TABLE OF CONTENTS EXHIBIT 99.1 Press release dated June 30, 2023 – Vesta Announces Lifting of Suspension of Trading on the BMV For the month of June 2023 Commission File Number: 001-41730 Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Exact name of registrant as specified in its charter) Paseo de los Tamarindos ...

TABLE OF CONTENTS Registration No. 333-272532 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Exact name of Registrant as specified in its charter) Vesta Real Estate Corporation (Translation of Registrant's name into English) As filed with the U.S. Securities and Exchange Commission on June 26, 2023. United Mexican States (State or other jurisdiction of ...

As filed with the U.S. Securities and Exchange Commission on June 16, 2023. Registration No. 333-272532 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to None (I.R.S. Employer Identification No.) Paseo de los Tamarindos No. 90, Torre II, Piso 28, Col. Bosques de las Lomas Cuajimalpa, C.P. 05210 Mexico City United Mexican States +52 (55) 5950-0070 (Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices) Form ...

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on June 8, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Exact name of Registrant as specified in its charter) Vesta Real Estate Corporation (Translation of Registrant's name into English) United Mexican States (State or other jurisdiction of incorporation or organizat ...