Earnings ·
Vesta raises full-year revenue guidance to 11.5%-12.5% growth as Q3 rental income hits US$79.6 million
VTMXVesta Real Estate Corporation, S.A.B. de C.V.
Corporación Inmobiliaria Vesta reported third-quarter total revenues of US$79.6 million, a 9.9% increase year over year, driven by higher-than-expected rental income from new leases. The company raised its full-year 2026 revenue growth guidance to between 11.5% and 12.5%, up from the previous projection of 10% to 11%. Adjusted Net Operating Income increased 10.4% to US$72.9 million, while Vesta Funds From Operations totaled US$47.1 million. Leasing activity reached a record 2.3 million square feet, and total portfolio occupancy improved to 93.9%. Additionally, S&P Global Ratings and Fitch upgraded the company's credit rating to BBB with a stable outlook.