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

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $160.8m $178.0m $214.5m $252.3m $283.2m
Revenue From Interest $77k $2.6m $9.4m $15.2m $5.3m
Cost Of Revenue $10.7m $11.4m $160.9m $189.2m $212.4m
Reconciled Cost Of Revenue $10.7m $11.4m — — —
Gross Profit (derived) $150.1m $166.6m $53.6m $63.1m $70.8m
Operating expenses:
Property operating costs related to properties that generated rental income ($8.5m) ($8.9m) ($13.5m) ($21.2m) ($24.1m)
Property operating costs related to properties that did not generate rental income ($2.2m) ($2.5m) ($4.8m) ($3.3m) ($4.2m)
EBIT $300.7m $336.7m
Additional Financial Items
Applicable Tax Rate — $0 $0 $0 $0
Average Effective Tax Rate — $0 $0 $0 ($0)
Other Income $150k $1.3m $5.1m $4.3m $6.8m
Profit Loss Before Tax $256.0m $291.8m $381.6m $426.2m $234.0m
Tax Rate Effect Of Foreign Tax Rates — ($0) ($0) $0 ($0)
Rental income $160.7m $178.0m $213.4m $252.0m $283.2m
Management fees $88k $0 $1.0m $377k $31k
Interest income $77k $2.6m $9.4m $15.2m $5.3m
Exchange gain (loss)- net ($1.1m) $1.9m $8.9m ($10.8m) $10.1m
Share of results of associates — — $0 $0 $12k
(Loss) Gain on sale and disposal of investment properties – net $14.0m $5.0m ($462k) $2.6m ($10k)
Gain on revaluation of investment properties $164.6m $185.5m $243.5m $270.7m $52.1m
Profit before income taxes $256.0m $291.8m $381.6m $426.2m $234.0m
Profit for the year $173.9m $243.6m $316.6m $223.3m $241.9m
Exchange differences on translating other functional currency operations ($4.8m) $8.9m $7.9m ($13.2m) $1.8m
Depreciation Amortization Depletion Income Statement $1.6m $1.5m — — —
Depreciation And Amortization In Income Statement $1.6m $1.5m — — —
Depreciation Income Statement $1.6m $1.5m — — —
Diluted EPS — $3.51 $4.12 $2.53 $2.81
Diluted NI Availto Com Stockholders $173.9m $243.6m — — —
Gain On Sale Of PPE $4k ($47k) — — —
Gain On Sale Of Security $177.5m $192.5m — — —
Interest Income Non Operating $77k $2.6m — — —
Net Income From Continuing And Discontinued Operation $173.9m $243.6m — — —
Net Income From Continuing Operation Net Minority Interest $173.9m $243.6m — — —
Net Interest Income ($50.2m) ($43.8m) — — —
Normalized EBITDA $124.7m $144.8m — — —
Normalized Income $53.3m $82.2m — — —
Other Gand A $7.2m $8.4m — — —
Other Special Charges ($103k) ($963k) — — —
Other Taxes ($44k) ($145k) — — —
Reconciled Depreciation $1.6m $1.5m — — —
Salaries And Wages $11.7m $13.5m — — —
Selling General And Administration $19.8m $23.0m — — —
Special Income Charges $106k $916k — — —
Tax Effect Of Unusual Items $57.0m $32.0m — — —
Tax Provision $82.1m $48.2m — — —
Tax Rate For Calcs $0 $0 — — —
Total other comprehensive income (loss) ($2.0m) $8.9m $7.9m ($13.2m) $1.8m
Total comprehensive income for the year $172.0m $252.5m $324.5m $210.2m $243.7m
Total Unusual Items $177.6m $193.4m — — —
Total Unusual Items Excluding Goodwill $177.6m $193.4m — — —
Pre-Tax Income $256.0m $291.8m — — —
Net Income $173.9m $243.6m — — —
Net Income Continuous Operations $173.9m $243.6m — — —
Net Income Including Noncontrolling Interests $173.9m $243.6m — — —
Basic Earnings (Loss) Per Share $0.27 $0.36 $0.42 $0.26 $0.28
Diluted Earnings (Loss) Per Share $0.26 $0.35 $0.41 $0.25 $0.28
Basic Average Shares — $68.3m $75.7m $87.1m $86.1m
Diluted Average Shares — $69.4m $76.9m $88.3m $86.1m
General and Administrative Expense $18.9m $24.4m $31.7m $34.2m $35.5m
General and administrative expenses ($21.4m) ($24.4m) ($31.7m) ($34.2m) ($35.5m)
Administrative Expense — $16.3m $22.1m $23.8m $24.1m
Current Tax Expense (Income) — $42.0m $92.0m $31.9m $56.1m
Deferred Tax Expense (Income) — $6.2m ($27.0m) $170.9m ($64.1m)
Deferred Tax Expense (Income) Recognised In Profit Or Loss — $6.2m ($27.0m) $170.9m ($64.1m)
Expense From Share-Based Payment Transactions With Employees — — — — $9.1m
Finance Costs — $46.4m $46.3m $44.3m $56.2m
Professional Fees Expense — $972k $2.4m $2.3m $2.3m
Other expenses ($123k) ($374k) ($3.0m) ($5.2m) ($3.5m)
Finance cost ($50.3m) ($46.4m) ($46.3m) ($44.3m) ($56.2m)
Interest Expense $44.7m $44.9m $44.3m $41.9m $53.1m
Interest Expense On Lease Liabilities — $136k $104k $89k $89k
Income Tax Expense Continuing Operations — $48.2m $65.0m $202.8m ($7.9m)
Current income tax expense ($50.3m) ($42.0m) ($92.0m) ($31.9m) ($56.1m)
Deferred income tax benefit (expense) ($31.8m) ($6.2m) $27.0m ($170.9m) $64.1m
Interest Expense Non Operating $44.7m $44.9m — — —
Net Non Operating Interest Income Expense ($50.2m) ($43.8m) — — —
Operating Expense $21.4m $24.3m — — —
Other Income Expense $177.5m $193.3m — — —
Other Non Operating Income Expenses ($123k) ($105k) — — —
Selling And Marketing Expense $872k $1.0m — — —
Total income tax benefit (expense) ($82.1m) ($48.2m) ($65.0m) ($202.8m) $7.9m
Total Expenses $32.1m $35.7m — — —
Total Other Finance Cost $5.6m $1.5m — — —

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