Corporación Inmobiliaria Vesta, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 20, 2023
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Corporación Inmobiliaria Vesta, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 51.92 million compared to USD 43.1 million a year ago. Revenue was USD 51.92 million compared to USD 43.1 million a year ago. Net income was USD 95.71 million compared to USD 53.6 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.0785 a year ago. Diluted earnings per share from continuing operations was USD 0.1377 compared to USD 0.0773 a year ago.
For the six months, sales was USD 101.8 million compared to USD 85.09 million a year ago. Revenue was USD 102.13 million compared to USD 85.09 million a year ago. Net income was USD 151.05 million compared to USD 102.98 million a year ago. Basic earnings per share from continuing operations was USD 0.2209 compared to USD 0.1502 a year ago. Diluted earnings per share from continuing operations was USD 0.2172 compared to USD 0.1478 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. 
