Vesta (ADR)
Owns, develops and leases industrial parks and buildings across Mexico.
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Profile
Owns and leases industrial properties in Mexico while also developing and managing them internally. The business has evolved from a developer into an industrial-real-estate asset manager with development capabilities.
Owns, develops, manages and leases industrial parks and Class A buildings across Mexico. Its portfolio includes more than two hundred Class A buildings. The internally managed platform combines property ownership, development, operations and leasing under one management structure.
The business evolved from a developer into an industrial-real-estate asset manager with development capabilities. Its Level 3 strategy frames a sustainably operated model that incorporates ESG assessment into investment and asset-management decisions.
Operations depend on general economic and real-estate conditions. The dual BMV common-share and NYSE ADS listings also create potential peso–U.S. dollar exposure.
Company facts
Key statistics
Year to date +11.8% · Average volume (30d) 78.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 18, 2026 | UBS | Reiterate | Buy | $39 | $43 | |
| May 4, 2026 | Barclays | Reiterate | Overweight | $40 | $41 | |
| Dec 17, 2025 | UBS | Reiterate | Buy | $35 | $39 | |
| Dec 10, 2025 | Scotiabank | Downgrade | Sector Outperform | Sector Perform | ||
| Nov 20, 2025 | Barclays | Reiterate | Overweight | $37 | $40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.46 | $1.05 | +128.3% | $77.0M | $72.4M | −6.0% | −1.00% |
| Apr 23, 2026Q1 FY26 | $0.40 | $1.25 | +212.5% | $76.8M | $76.7M | −0.1% | +2.31% |
| Feb 19, 2026Q4 FY25 | $0.49 | $2.01 | +306.3% | $1.29B | $70.3M | −94.5% | +6.89% |
| Oct 23, 2025Q3 FY25 | $0.50 | $0.29 | −42.0% | $1.30B | $73.7M | −94.3% | +4.96% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $73.7M | $74.3M | $73.7M | $79.7M | $76.7M | $84.1M | |
| Gross profit | $67.1M | $67.3M | $64.3M | $70.4M | $69.3M | $74.3M | |
| Operating income | $58.8M | $58.8M | $56.5M | $60.1M | $59.5M | $64.2M | |
| Net income | $14.9M | $27.7M | $25.0M | $174.5M | $101.0M | $101.6M | |
| Diluted EPS | $0.17 | $0.32 | $0.30 | $2.00 | $1.20 | $1.10 | |
| Gross margin | 91.1% | 90.6% | 87.3% | 88.4% | 90.4% | 88.4% | |
| Operating margin | 79.8% | 79.2% | 76.7% | 75.4% | 77.6% | 76.4% |
Fiscal years (4-quarter sums)FY21 $160.8M · FY22 $178.0M · FY23 $214.4M · FY24 $258.4M · FY25 $301.4M
Balance sheet, Jun 30, 2026Cash & short-term investments $404.2M · Total debt $1.18B · Total assets $4.84B · Shareholders' equity $3.15B
Dividends
Last cut to $0.201 from $0.2211 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 14, 2026 | Jul 14 | Jul 22 | $0.201 | cut from $0.2211 |
| May 5, 2026 | May 5 | May 13 | $0.2211 | raised from $0.2041 |
| Jan 16, 2026 | Jan 16 | Jan 27 | $0.2041 | raised from $0.2025 |
| Oct 14, 2025 | Oct 14 | Oct 22 | $0.2025 | raised from $0.2009 |
| Jul 14, 2025 | Jul 14 | Jul 22 | $0.2009 | cut from $0.2054 |
| Apr 14, 2025 | Apr 14 | Apr 22 | $0.2054 | raised from $0.1894 |
| Jan 14, 2025 | Jan 14 | Jan 23 | $0.1894 | raised from $0.181 |
| Oct 11, 2024 | Oct 11 | Oct 22 | $0.181 | cut from $0.1832 |
Ownership
Shares outstanding — · Float —
Shares outstanding and float — provider count disagrees with the price.
Insiders — filings are in the shares behind the receipt.
The provider's share count does not square with the market price, so neither it nor anything divided by it is shown.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
The institutional figure is the one the filers report, not a quotient recomputed on the share count.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Wellington Management Group LLP | 1.85M | 13F | May 15, 2026 | |
| FMR LLC | 1.54M | 13F | May 15, 2026 | |
| Carmignac Gestion | 822.4K | 13F | Jun 15, 2026 | |
| Itau Unibanco Holding S.A. | 691.2K | 13F | May 15, 2026 | |
| Lazard Asset Management LLC | 362.2K | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Corona Lorenzo Manuel Berho | director | −33,442 | $3.51 |
| Aug 21, 2026 | Carranza Lorenzo Dominique Berho | officer: Chief Executive Officer | −60,000 | $3.59 |
| Aug 13, 2026 | Argueta Fernando Alberto Cuevas | officer: COMPTROLLER | −4,500 | $3.42 |
| Aug 12, 2026 | Cacho Guillermo del Castillo | officer: ENERGY MANAGER | −10,000 | $3.48 |
| Aug 4, 2026 | Cacho Guillermo del Castillo | other: ENERGY MANAGER | −2,413 | $3.44 |
Peers
Not reported.