Corporación Inmobiliaria Vesta, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 20, 2022 at 09:19 pm EDT
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Corporación Inmobiliaria Vesta, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 45.51 million compared to USD 41.01 million a year ago. Net income was USD 61.98 million compared to USD 4.77 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.01 a year ago.
For the nine months, sales was USD 130.6 million compared to USD 119.19 million a year ago. Net income was USD 164.93 million compared to USD 127.49 million a year ago. Basic earnings per share from continuing operations was USD 0.237 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.237 compared to USD 0.18 a year ago.
Vesta Real Estate Corporation SAB de CV (Vesta) is a Mexico-based company engaged in the real estate sector. The Companyâs scope of activities includes development, sale, purchase, rental, and administration of industrial buildings as well as distribution centers in Mexico. In addition, the Company provides solutions for light manufacturing, distribution, and e-commerce operation. Vestaâs activities are present in multiple states of Mexico with over 200 functioning industrial buildings. The real estate operations performed by the Firm support industries such as automotive, food and beverages, logistics as well as plastics. The Company has a number of subsidiaries in Mexico, such as CIV Infraestructura S de RL de CV, Proyectos Aeroespaciales S de RL de CV, QVC II S de RL de CV, as well as Vesta Baja California S de RL de CV, among others.
CORPORACIÓN INMOBILIARIA VESTA, S.A.B. DE C.V. 
