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Mexican industrial real estate developer building and leasing warehouses/factories to nearshoring manufacturers.
Mexican industrial real estate developer building and leasing warehouses/factories to nearshoring manufacturers.
Builds warehouses and factories, then leases them on long contracts, mostly priced in US dollars with annual rent step-ups, to manufacturers and logistics firms. Its land near Mexican industrial corridors lets it build to a tenant's order or ahead of demand. The ADRs are New York shares of the Mexican company.
Moat: narrow (scale, distribution, installed base). Established land bank and tenant relationships near key Mexican industrial corridors are hard to replicate quickly.
Headquarters: Mexico City, Mexico · Founded: 1998 · Employees: 116
Size Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR (VTMX) is a United States Real Estate company (Real Estate Development) with a market value of $3.62B, the 1411th largest of 3,117 United States companies the cockpit tracks. Shares closed at $37.62 on 6 Nov 2026.
Performance Over six months the shares gained 5.7%, against -4.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 17.7% over the last twelve months (peer median +3.5%); the operating margin is 75.9% (peer median 19.4%).
Valuation It trades at 19.5× forward earnings against a peer median of 14.4× (6th most expensive of 17).
Short interest Short interest is 0.3% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $322M | $291M | $251M | $216M | $179M |
| Revenue growth | — | +16% | +16% | +21% | — |
| Gross profit | $287M | $261M | $225M | $196M | $166M |
| EBITDA | $246M | $225M | $194M | $167M | $144M |
| Net income | $487M | $243M | $222M | $319M | $245M |
| Free cash flow | $119M | $161M | $86.7M | $98.5M | $12.7M |
| Capital expenditure | $1.42M | $840,067 | $594,868 | $2.10M | $220,752 |
| Total debt | $1.07B | $1.28B | $848M | $916M | $932M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMX | $3.62B | +6% | +18% | 76% | 19.5× | n/a |
| Prologis PLD | $123B | -11% | +7% | 38% | 39.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VTMX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.8% | +5.1% | 7th highest of 21 |
| 6-month return | +5.7% | -4.9% | 3rd highest of 21 |
| Distance from 52-week high | -1.8% | -21.7% | highest of 21 |
| Revenue growth (TTM) | +17.7% | +3.5% | 4th highest of 21 |
| Operating margin | 75.9% | 19.4% | 2nd highest of 21 |
| Forward P/E | 19.5× | 14.4× | 6th most expensive of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMX | United States | $3.62B | +6% | +18% | 76% | 19.5× | n/a | n/a |
| Kerry Properties 0683.HK | Hong Kong | $3.47B | -26% | -22% | 24% | 14.2× | n/a | n/a |
| Pandox PNDX-B.ST | Sweden | $3.43B | -1% | +15% | 58% | 14.6× | n/a | n/a |
| UNITE UTG.L | United Kingdom | $3.41B | +5% | +12% | 46% | 11.9× | n/a | n/a |
| Allreal ALLN.SW | Switzerland | $3.89B | -8% | +3% | 41% | 24.0× | n/a | n/a |
| Hilton Grand Vacations HGV | United States | $3.33B | -10% | +19% | 17% | 9.4× | n/a | n/a |
| St. Joe JOE | United States | $3.96B | +6% | +11% | 32% | n/a | n/a | n/a |
| China World Trade Center 600007.SS | China | $3.31B | +4% | -4% | 42% | 18.6× | n/a | n/a |
| Millrose Properties MRP | United States | $4.00B | -4% | +93% | 85% | 7.9× | n/a | n/a |
| Cushman & Wakefield CWK | United States | $3.28B | -2% | +10% | 4% | 8.8× | n/a | n/a |
| Quzhou Xin'an Development 600208.SS | China | $3.25B | -43% | -4% | -17% | 52.0× | n/a | n/a |
| Longfor 0960.HK | Hong Kong | $4.05B | -47% | -42% | 1% | n/a | n/a | n/a |
| C&D International Investment 1908.HK | Hong Kong | $4.11B | -15% | -15% | 7% | 8.2× | n/a | n/a |
| Mobimo MOBN.SW | Switzerland | $3.17B | -1% | +15% | 42% | 26.9× | n/a | n/a |
| Shanghai Vital Deeptech 600641.SS | China | $4.20B | +14% | +94% | -27% | n/a | n/a | n/a |
| Seazen 601155.SS | China | $4.23B | -15% | -39% | 14% | 31.9× | n/a | n/a |
| Hangzhou Binjiang Real Estate 002244.SZ | China | $4.27B | -2% | -35% | 6% | 12.8× | n/a | n/a |
| Singapore Land U06.SI | Singapore | $3.08B | -25% | +4% | 36% | n/a | n/a | n/a |
| Xiangcai 600095.SS | China | $3.07B | -19% | -3% | 12% | 26.5× | n/a | n/a |
| Tokyo Tatemono 8804.T | Japan | $4.37B | -6% | +17% | 22% | 10.3× | n/a | n/a |
| Meritage Homes MTH | United States | $4.38B | +4% | -15% | 7% | 16.2× | n/a | n/a |