Vesta Real Estate (VTMX)

• Market cap: $2.14B
• 1 day: 0.98%
• 5 days: 0.29%
• 1 month: -4.28%
• 3 months: -4.13%
• 6 months: -21.12%
• Year to date: -4.76%
• 1 year: -34.41%
• 5 years: -23.62%
• 10 years: -23.62%

About: Corporacion Inmobiliaria Vesta SAB de CV is a real estate company dedicated to the development and leasing of industrial buildings and distribution centers in Mexico. The Company's primary business is the acquisition, development, and management of industrial and distribution center real estate. The company designs and constructs park-to-suit projects across various industries; undertakes build-to-suit projects; and provides site selection, design and engineering, and sale and leaseback services. The primary source of revenues is the rental income received from customers under operating leases. It serves aerospace, automotive, food and beverage, logistics, medical devices, plastics, and other industries.

Employees: 95

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

0.07% less ownership

Funds ownership: 1.5% [Q2] → 1.44% (-0.07%) [Q3]

14% less funds holding

Funds holding: 80 [Q2] → 69 (-11) [Q3]

14% less capital invested

Capital invested by funds: $397M [Q2] → $342M (-$54.9M) [Q3]

50% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 20

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $35 42% upside
• Avg. target: $35 42% upside
• High target: $35 42% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Barclays Pablo Monsivais 43% 1-year accuracy 3 / 7 met price target

42% upside $35

Overweight Maintained

27 Nov 2024