VTMX Earnings Prediction
The chart below shows how VTMX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VTMX sees a +4.05% change in stock price 10 days leading up to the earnings, and a +0.58% change 10 days following the report. On the earnings day itself, the stock moves by -0.14%. This data can give you a slight idea of what to expect for the next quarter's release.
VTMX Key Earning Data
2024/Q4
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Gross Margin
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Operating Margin
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Net Margin
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EPS
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VTMX Earnings Analysis
Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10 Corporation (VTMX.N) Earnings Conference Call
Positive
Q3 Income Growth: Total income for the third quarter 2024 was $63.7 million, a 14.4% year-over-year increase.
Margin Performance Metrics: Adjusted NOI margin and adjusted EBITDA margin reached 94.2% and 84.5%, respectively, for the quarter.
FFO Growth Increase: Vesta FFO ended at $40.4 million for the quarter, a 20.3% year-on-year increase.
Leasing Activity Overview: Third quarter leasing activity reached 1.3 million square feet, with 476,000 square feet for new leases and 787,000 square feet in renewals.
New Lease Agreements: We closed three new leases in Queretaro with new and existing clients, aligned with Vesta's exacting criteria.
Negative
Revenue Decline Analysis: Total revenue decreased to $64 million, down from $131 million in 2023, indicating a significant decline in financial performance.
Pre-tax Income Decline: Pre-tax income dropped to $63 million compared to $131 million in the same quarter last year, reflecting a decrease in profitability.
Increased Leverage Ratio: The company reported a net debt to EBITDA ratio of 2.9x, indicating increased leverage compared to previous quarters.
Liquidity Tightening Indicators: Cash and equivalents stood at $281.2 million, while total debt decreased to $845 million, suggesting a tightening of liquidity.
EBITDA Margin Decline: The adjusted EBITDA margin decreased to 83.5% from 83%, indicating a decline in operational efficiency.
VTMX FAQs
How does VTMX typically perform around its earnings report dates?
Is Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
VTMX Earning Call Sentiment
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) Q3 2024 Earnings Call Transcript
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VTMX.N
-1.5%Positive
Basic Financial Performance: 4 - Strong revenue and FFO growth, but concerns over pre-tax income decline and exchange losses. Product Development and Business Update: 4 - Positive leasing activity and development outlook, but competitive pressures noted. Market Strategy: 3 - Strong demand in specific regions, but unclear political impact. Expenses and Financial Health: 3 - Manageable debt but significant, with potential increased leverage. Shareholder Return Plan: 4 - Positive buyback and dividend actions. Overall, positive financials and shareholder returns are offset by competitive pressures and market volatility, leading to a neutral outlook.
