Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) is a publicly traded company in the Real Estate — Real Estate - Development industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Corporación Inmobiliaria Vesta, S.A.B. de C.V., along with its affiliated companies, engages in the full lifecycle of industrial real estate and logistics centers across Mexico, including their acquisition, construction, administration, operation, and leasing. The firm was established in 1998 and its principal office is situated in Mexico City.
Is Corporación Inmobiliaria Vesta, S.A.B. de C.V. stock overvalued or undervalued in 2026?
As of October 2, 2026, Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) trades at 6.9× earnings (P/E), according to Kaplio. Kaplio's verdict: expensive. At its 10-year average P/FFO (23.2×) $67 (+108 %); at the decade median (21.3×) $61 (+91 %).
Kaplio overview: Corporación Inmobiliaria Vesta, S.A.B. de C.V.
Market cap $3B · 52 weeks $26 – $37 (10 % below the high) · P/E 6.9× · 2027 expected P/E 18.9× · Dividend 2.5 % · Next earnings October 22, 2026 · expected EPS $0.44 · Price as of Oct 2 · accounts published Jul 22.
- Valuation: P/FFO 11.2× (expensive).
- Business: FFO/dividend 3.6× (solid).
- Balance sheet: Net debt/EBITDA 3.2× (solid).
- Earnings: 5 of 8 (no verdict).
What would it be worth at its usual multiples?
At its 10-year average P/FFO (23.2×) $67 (+108 %); at the decade median (21.3×) $61 (+91 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in REITs: 4 of 5 pass
- P/FFO 11.2×, fails.
- Dividend coverage (FFO/div) 3.6×, passes.
- Debt / Assets 28.1 %, passes.
- Net debt / EBITDA 3.2×, passes.
- FFO Payout (proxy) 42.3 %, passes.
- FFO / Share $2.88, info.
Against its peers (reference peers) — Corporación Inmobiliaria Vesta, S.A.B. de C.V.: P/B 0.9×; Div. yield 2.5 %; EV/EBITDA 12.1×; $2.7B. Hilton Grand Vacations Inc. (P/B 2.6×; Div. yield —; EV/EBITDA 14.2×; $2.8B), The St. Joe Company (P/B 4.9×; Div. yield 1.0 %; EV/EBITDA 13.8×; $3.8B), Howard Hughes Holdings Inc. (P/B 0.8×; Div. yield —; EV/EBITDA 9.4×; $4.4B).
Expensive or cheap against its last ten fiscal years?
Precio / FFO (aprox.) at each close: today 11.2× · median 21.3× · minimum 11.2× · maximum 38.1× · cheap below 19.6× · expensive above 26.4×. It has been cheaper than today only 0% of the time over its last ten fiscal years.
Dividend
tight · Yield 2.46 % ($0.81 per ADS in 2025) · Years raising it 1 · 5-year growth -3 % a year · Free cash flow coverage FFO payout 42 % · With $1,000 invested today you'd collect $24.60 a year ($2.05 a month).
Profitability
| Return on Equity | 8.83% |
| Return on Invested Capital | 4.92% |
| Return on Assets | 5.34% |
| Gross Margin | 88.71% |
| Operating Margin | 76.85% |
| Net Margin | 130.41% |
Financial Health
| Debt / Equity | 0.37 |
| Current Ratio | 4.26 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.60 |
Price Performance
| 1 month | -6.08% |
| 3 months | -5.32% |
| Year-to-date | +6.89% |
| 1 year | +21.74% |
| 3 years | +1.37% |
Dividend History
Paid in the last 12 months: $0.8288 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-14 | $0.1999 |
| 2026-07-14 | $0.2010 |
| 2026-05-05 | $0.2211 |
| 2026-01-16 | $0.2041 |
| 2025-10-14 | $0.2025 |
| 2025-07-14 | $0.2009 |
| 2025-04-14 | $0.2054 |
| 2025-01-14 | $0.1894 |
| 2024-10-11 | $0.1810 |
| 2024-07-15 | $0.1832 |
Amounts adjusted for stock splits.
Related companies: ACRE · ARL · DOUG · MITT · MRNO · NEN
Explore sector: Real Estate · Real Estate - Development
More sections of VTMX: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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