Corporación Inmobiliaria Vesta, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 03:03 pm EST
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Corporación Inmobiliaria Vesta, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 55.94 million compared to USD 47.43 million a year ago. Net income was USD 113.83 million compared to USD 78.7 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.11 a year ago.
For the full year, the company reported sales was USD 214.467 million compared to USD 178.025 million a year ago. Net income was USD 316.638 million compared to USD 243.626 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.35 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. 
