Vesta Real Estate Corporation, S.A.B. de C.V. financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Vesta Real Estate Corporation, S.A.B. de C.V. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
161
178
214
252
283
General and administrative
14.2
16.3
22.1
23.8
24.1
Interest expense
50.3
46.4
46.3
44.3
56.2
Pre-tax income
256
292
382
426
234
Income tax
82.1
48.2
65
203
-7.93
Net income
174
244
317
223
242
EPS, basic
0.27
0.36
0.42
0.26
0.29
EPS, diluted
0.26
0.35
0.41
0.25
0.28
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
453
139
501
184
337
Total current assets
482
202
566
244
397
Lease right-of-use assets
1.34
1.42
0.83
0.53
1.42
Total assets
2,760
2,953
3,792
3,958
4,542
Accounts payable
3.01
16.6
13.2
14.2
30.8
Short-term debt
47.4
Total current liabilities
67.2
60
148
90.8
82.1
Lease liabilities
0.92
0.9
0.29
0.15
0.81
Total liabilities
1,306
1,313
1,305
1,361
1,795
Total debt
944
941
924
854
1,291
Retained earnings
547
733
990
1,148
1,321
Shareholders' equity
1,454
1,640
2,487
2,597
2,748
Total equity
1,454
1,640
2,487
2,597
2,748
Total liabilities and equity
2,760
2,953
3,792
3,958
4,542
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
174
244
317
223
242
Cash from operations
108
65.2
145
130
207
Capital expenditures
-0.22
-0.22
-2.08
-0.6
-0.84
Cash from investing
16
-262
-223
-227
-336
Debt issued
350
0
0
0
650
Debt repaid
-253
0
-16.8
-69.6
-214
Share buybacks
0
-15.6
0
-44.2
-36.4
Dividends paid
-55.4
-57
-59.5
-63.7
-68.3
Cash from financing
213
-120
445
-226
280
Exchange rate effect
-4.15
3.05
-4.45
5.8
1.73
Net change in cash
332
-314
362
-317
153
Free cash flow
108
65
143
129
206
Income taxes paid
27.1
55
64.1
75
40.1
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $32.97 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
82.6%
Pre-tax income / revenue.
Net margin
85.4%
Net income / revenue.
FCF margin
72.9%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
73.2%
Cash from operations / revenue.
Effective tax rate
-3.4%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
9.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
5.7%
Net income / average total assets.
Capex / revenue
0.3%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
12.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
16.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
8.3%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
-0.2%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y
11.1%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y
-7.1%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
59.8%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
47.0%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y
59.9%
Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y
47.0%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
5.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
18.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
14.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
15.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
4.84x
Current assets / current liabilities.
Quick ratio
4.10x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
4.10x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.47x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
28.4%
Total debt / total assets.
Liabilities / assets
39.5%
Total liabilities / total assets.
Net debt
$953.8M
Total debt - cash - short-term investments. Negative means more cash than debt.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
0.4%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.28
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.29
Net income per basic share, as reported (split-adjusted).
Payout ratio
28.2%
Dividends paid / net income, when net income is positive.
Dividends / FCF
33.1%
Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF
17.6%
Share buybacks / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$2.92B
Share price x shares outstanding.
Enterprise value
$3.87B
Market cap + total debt - cash - short-term investments.
P/E
12.1x
Market cap / net income. Only when net income is positive.
P/S
10.3x
Market cap / revenue.
P/B
1.06x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.06x
Market cap / tangible book value, when positive.
P/FCF
14.1x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
14.1x
Market cap / cash from operations, when positive.
EV/Sales
13.7x
Enterprise value / revenue.
EV/FCF
18.7x
Enterprise value / free cash flow, when both are positive.
FCF yield
7.1%
Free cash flow / market cap.
Earnings yield
8.3%
Net income / market cap (the inverse of P/E).
Dividend yield
2.3%
Dividends paid over the period / market cap.
Shareholder yield
3.6%
(Dividends paid + share buybacks) / market cap.
What was Vesta Real Estate Corporation, S.A.B. de C.V.'s revenue in fiscal 2025?
Vesta Real Estate Corporation, S.A.B. de C.V. reported revenue of $283.2M for fiscal 2025, 12.2% higher than the year before.
Was Vesta Real Estate Corporation, S.A.B. de C.V. profitable in fiscal 2025?
Yes. Net income was $241.9M, a net margin of 85.4%.
How much free cash flow did Vesta Real Estate Corporation, S.A.B. de C.V. generate in fiscal 2025?
Cash from operations of $207.3M minus capital expenditures of $837.4K left free cash flow of $206.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.