← Vesta Real Estate Corporation, S.A.B. de C.V.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — $173.9m $243.6m — — —
Net Income From Continuing Operations — $256.0m $291.8m — — —
Depreciation — $1.1m $901k $974k $753k $967k
Right-of-use depreciation — $458k $562k $604k $663k $757k
Amortization of debt issuance costs — $4.8m $1.5m $2.0m $2.3m $3.1m
Depreciation Amortization Depletion — $1.6m $1.5m — — —
Adjustments For Share-Based Payments — — $6.7m $8.0m $9.0m $12.7m
Expense recognized in respect of share-based payments — $5.6m $6.7m $8.0m $9.0m $12.7m
Adjustments For Income Tax Expense — — $0 $8.3m $0 $0
Interest expense — $45.5m $44.9m $44.3m $41.9m $53.1m
Operating lease receivables – Net — ($2.7m) $1.3m ($2.4m) $5.4m ($4.1m)
Additional Financial Items
Adjustments For Finance Costs — — $1.5m $2.0m $2.3m $3.1m
Adjustments For Increase Decrease In Trade Account Payable — — ($1.6m) $3k ($8.5m) ($787k)
Adjustments For Unrealised Foreign Exchange Losses Gains — — ($1.9m) ($1.0m) ($2.3m) ($8.3m)
General And Administrative Expense — — $24.4m $31.7m $34.2m $35.5m
Interest Received Classified As Operating Activities — — $2.6m $9.4m $15.2m $5.3m
Payments Of Lease Liabilities Classified As Financing Activities — — $648k $606k $791k $834k
Payments To Acquire Or Redeem Entitys Shares — — $15.6m $0 $44.2m $36.4m
Proceeds From Borrowings Classified As Financing Activities — — $0 $0 — $650.0m
Purchase Of Interests In Associates — — — — — $3.5m
Repayments Of Borrowings Classified As Financing Activities — — $0 $16.8m $69.6m $213.6m
Profit before income taxes — $256.0m $291.8m $381.6m $426.2m $234.0m
Gain on revaluation of investment properties — ($164.6m) ($185.5m) ($243.5m) ($270.7m) ($52.1m)
Interest income — ($77k) ($2.6m) ($9.4m) ($15.2m) ($5.3m)
Share of results of associates — — — $0 $0 ($12k)
Employee benefits and pension costs — $0 $348k $1.2m $721k $1.4m
Income tax benefit from equity issuance costs — $0 $0 $8.3m $0 $0
Recoverable taxes — ($4.5m) ($10.7m) ($3.8m) ($19.0m) $5.3m
Security deposits paid and others — ($7.0m) $1.9m ($1.1m) $458k $19k
Prepaid expenses and other current assets — ($64k) ($17.3m) $4.0m $19.2m ($2.0m)
Accounts payable — ($230k) ($1.6m) $3k ($8.5m) ($787k)
Accrued expenses and taxes — $10.9m ($10.1m) $1.9m ($442k) $643k
Security deposits received — $1.9m $2.5m $7.3m $1.7m $2.6m
Interest received — $77k $2.6m $9.4m $15.2m $5.3m
Purchases of office furniture and vehicles — ($219k) ($220k) ($2.1m) ($597k) ($837k)
Investment in associates — — — $0 $0 ($3.5m)
Loans obtained — $350.0m $0 $0 $0 $650.0m
Loans paid — ($252.5m) $0 ($16.8m) ($69.6m) ($213.6m)
Repurchase of treasury shares — $0 ($15.6m) $0 ($44.2m) ($36.4m)
Equity issuance proceeds — $229.2m $0 $594.4m $0 $0
Equity issuance costs paid — ($6.0m) $0 ($27.7m) $0 $0
Payment of lease liabilities — ($565k) ($648k) ($606k) ($791k) ($834k)
Beginning Cash Position — $121.3m $453.6m — — —
Cash Flow From Continuing Financing Activities — $212.5m ($119.8m) — — —
Cash Flow From Continuing Investing Activities — $16.0m ($262.2m) — — —
Change In Account Payable — ($230k) ($1.6m) — — —
Change In Accrued Expense — $10.9m ($10.1m) — — —
Change In Other Current Assets — $685k $0 — — —
Change In Payable — ($230k) ($1.6m) — — —
Change In Payables And Accrued Expense — $10.7m ($11.7m) — — —
Change In Prepaid Assets — ($5.1m) ($13.0m) — — —
Change In Receivables — ($7.2m) ($9.4m) — — —
Change In Working Capital — ($927k) ($34.0m) — — —
Changes In Cash — $336.4m ($316.7m) — — —
End Cash Position — $453.6m $139.9m — — —
Financing Cash Flow — $212.5m ($119.8m) — — —
Free Cash Flow — $107.7m $65.0m — — —
Gain Loss On Investment Securities — ($178.6m) ($190.5m) — — —
Interest Received CFO — $77k $2.6m — — —
Investing Cash Flow — $16.0m ($262.2m) — — —
Issuance Of Capital Stock — $229.2m $0 — — —
Net Foreign Currency Exchange Gain Loss — $1.1m ($1.9m) — — —
Net PPE Purchase And Sale — ($219k) ($220k) — — —
Operating Gains Losses — ($177.5m) ($192.5m) — — —
Other Non Cash Items — $50.2m $44.1m — — —
Purchase Of PPE — ($219k) ($220k) $2.1m $597k $837k
Repurchase Of Capital Stock — $0 ($15.6m) — — —
Stock Based Compensation — $5.6m $6.7m — — —
Profit or Loss — — $243.6m $316.6m $223.3m $241.9m
Cash flows from investing activities:
Capital Expenditure — ($219k) ($220k) — — —
Purchases of investment properties — ($108.4m) ($269.2m) ($263.1m) ($231.1m) ($336.9m)
Net Investment Properties Purchase And Sale — $16.2m ($261.9m) — — —
Purchase Of Investment Properties — ($108.4m) ($269.2m) — — —
(Gain) loss on sale and disposal of investment properties — ($14.0m) ($5.0m) $462k ($2.6m) $10k
Sale of investment properties — $124.6m $7.3m $42.1m $5.1m $5.5m
Cash flows from financing activities:
Costs of debt issuance — ($7.7m) ($1.7m) $0 ($5.6m) ($5.4m)
Issuance Of Debt — $350.0m $0 — — —
Long Term Debt Issuance — $350.0m $0 — — —
Net Issuance Payments Of Debt — $96.9m ($648k) — — —
Net Long Term Debt Issuance — $96.9m ($648k) — — —
Long Term Debt Payments — ($253.1m) ($648k) — — —
Repayment Of Debt — ($253.1m) ($648k) — — —
Common Stock Issuance — $229.2m $0 — — —
Net Common Stock Issuance — $229.2m ($15.6m) — — —
Common Stock Payments — $0 ($15.6m) — — —
Dividends paid — ($55) $57 $60 $65 $70
Dividends Paid Classified As Financing Activities — — $57 $60 $64 $68
Cash Dividends Paid — ($55.4m) ($57.0m) — — —
Net Other Financing Charges — ($13.8m) ($1.7m) — — —
Net cash (used in) from financing activities — $212.5m ($119.8m) $444.7m ($225.9m) $279.6m
Unrealized effect of foreign exchange rates — $1.1m ($1.9m) ($1.0m) ($2.3m) ($8.3m)
Effects of exchange rate changes on cash — ($4.1m) $3.1m ($4.4m) $5.8m $1.7m
Effect Of Exchange Rate Changes — ($4.1m) $3.1m — — —
Net (decrease) increase in cash, cash equivalents and restricted cash — $332.3m ($313.7m) $362.0m ($317.0m) $152.8m
Cash, cash equivalents and restricted cash at the beginning of year $121.3m $453.6m $139.9m $501.9m $184.9m $337.6m
Change In Cash Supplemental As Reported — $332.3m ($313.7m) — — —
Interest Paid Classified As Financing Activities — ($44.5m) $44.8m $45.0m $42.1m $45.9m
Income Taxes Paid Refund Classified As Operating Activities — ($27.1m) $55.0m $64.1m $75.0m $40.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.