Vesta (VTMX) Reports 14% Revenue Growth and Raises Full-Year Guidance

Core Insights - Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) is recognized as a strong investment opportunity in the Mexican stock market, with a Buy rating reaffirmed by Barclays analyst Pablo Monsivais and a price target set at $40 [1] Financial Performance - In Q3 2025, Vesta reported total revenues of $72.4 million, reflecting a year-over-year increase of 13.7% compared to Q3 2024, driven by $7.8 million from new revenue-generating contracts and a $1.9 million positive impact from inflation [2] - Excluding energy income, revenues for the quarter were $69.9 million, marking a 14.5% year-over-year growth, primarily attributed to the core rental and related business [3] - Adjusted net operating income (Adjusted NOI) increased by 14.7% year-over-year to $66.1 million, with an adjusted NOI margin of 94.4%, which is approximately 16 basis points higher than the previous year [3] Management Outlook - Management emphasized strong leasing momentum and tenant demand as key factors contributing to revenue growth, alongside new contracts and inflation adjustments that enhanced rental income [4] - The company has revised its full-year 2025 guidance, now anticipating an EBITDA margin of about 84.5% and revenue growth between 10% and 11% for the year [4] Company Overview - Corporación Inmobiliaria Vesta, S.A.B. de C.V. is a fully-integrated industrial real estate company based in Mexico City, focusing on the acquisition, development, management, and leasing of industrial buildings and distribution facilities throughout Mexico [5]