Corporacion Inmobiliaria Vesta SAB de CV

VTMX

Equity

ISIN US92540K1097 / Valor 128080423

New York Stock Exchange, Inc (2024-12-24)

USD 26.15+1.71%

Corporacion Inmobiliaria Vesta SAB de CV
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About company

Corporacion Inmobiliaria Vesta SAB de CV, commonly known as Vesta, is a prominent player in the real estate sector, specializing in the development, operation, and leasing of industrial buildings and facilities. The company is distinguished by its commitment to high-quality service and developments, a commitment that is underpinned by its adherence to the ISO 9001:2015 Quality Management System standards. Vesta's offerings are tailored to support a range of operations including light manufacturing, distribution, and e-commerce, reflecting the company's ability to adapt to the evolving needs of these sectors. Furthermore, Vesta is at the forefront of designing Smart Parks, which are envisioned as the industrial parks of the future, integrating advanced technologies and designs to enhance operational efficiency and sustainability. Through a combination of personalized service, an entrepreneurial team, and strong supplier relationships, Vesta aims to provide value-added real estate solutions that meet the specific requirements of its clients.

Summarized from source with an LLMView SourceSector: Finance

Q1 2024 Revenue

Corporacion Inmobiliaria Vesta SAB de CV reported a significant increase in revenue for the first quarter of 2024, totaling $150,600,668. This represents a substantial rise from the $43,101,781 recorded in the same period in 2023, highlighting strong growth in the company's operations.

Q1 2024 Profit

The company's profit before income taxes for Q1 2024 reached $60,589,656, compared to $11,211,746 in Q1 2023. This improvement in profitability reflects effective cost management and an increase in revenue streams.

Q1 2024 Comprehensive Income

Corporacion Inmobiliaria Vesta SAB de CV achieved a total comprehensive income of $124,007,582 for the first quarter of 2024. This figure includes all components of income and indicates a robust financial performance, significantly higher than the previous year's same quarter.

Q1 2024 Earnings Per Share

The basic earnings per share (EPS) for Corporacion Inmobiliaria Vesta SAB de CV in Q1 2024 was $0.1428, showing an increase from $0.0809 in Q1 2023. This rise in EPS is indicative of the company's increased profitability and effective allocation of resources.

Q1 2024 Dividends

Despite the strong financial performance in the first quarter of 2024, Corporacion Inmobiliaria Vesta SAB de CV did not declare any dividends for this period, maintaining a focus on reinvestment and strategic financial planning to support continued growth.

Summarized from source with an LLMView Source

Key figures

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Performance

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