Corporación Inmobiliaria Vesta, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 03:04 pm EDT
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Corporación Inmobiliaria Vesta, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 56.4 million compared to USD 45.51 million a year ago. Net income was USD 76.22 million compared to USD 61.98 million a year ago. Basic earnings per share from continuing operations was USD 0.0928 compared to USD 0.0912 a year ago. Diluted earnings per share from continuing operations was USD 0.0785 compared to USD 0.0896 a year ago.
For the nine months, sales was USD 158.52 million compared to USD 130.6 million a year ago. Net income was USD 202.81 million compared to USD 164.93 million a year ago. Basic earnings per share from continuing operations was USD 0.2777 compared to USD 0.2413 a year ago. Diluted earnings per share from continuing operations was USD 0.2573 compared to USD 0.2373 a year ago.
Vesta Real Estate Corporation SAB de CV (Vesta) is a Mexico-based company engaged in the real estate sector. The Companyâs scope of activities includes development, sale, purchase, rental, and administration of industrial buildings as well as distribution centers in Mexico. In addition, the Company provides solutions for light manufacturing, distribution, and e-commerce operation. Vestaâs activities are present in multiple states of Mexico with over 200 functioning industrial buildings. The real estate operations performed by the Firm support industries such as automotive, food and beverages, logistics as well as plastics. The Company has a number of subsidiaries in Mexico, such as CIV Infraestructura S de RL de CV, Proyectos Aeroespaciales S de RL de CV, QVC II S de RL de CV, as well as Vesta Baja California S de RL de CV, among others.
CORPORACIÓN INMOBILIARIA VESTA, S.A.B. DE C.V. 
