Corporación Inmobiliaria Vesta. de Third Quarter 2024 Earnings: Beats Expectations

Corporación Inmobiliaria Vesta. de (BMV:VESTA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$63.7m (up 14% from 3Q 2023).
• Net income: US$52.0m (down 32% from 3Q 2023).
• Profit margin: 82%.
• EPS: US$0.13.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Corporación Inmobiliaria Vesta. de Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in South America.

Performance of the market in Mexico.

The company's shares are down 1.9% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Corporación Inmobiliaria Vesta. de (including 1 which doesn't sit too well with us).

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