(VTMX) Corporación Inmobiliaria - Overview
Stock: Industrial Buildings, Distribution Facilities, Real Estate
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.09% |
| Yield on Cost 5y | 2.71% |
| Yield CAGR 5y | 50.78% |
| Payout Consistency | 100.0% |
| Payout Ratio | 140.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 24.1% |
| Relative Tail Risk | -2.66% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.79 |
| Alpha | 16.36 |
| Character TTM | |
|---|---|
| Beta | 0.415 |
| Beta Downside | 0.068 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.60% |
| CAGR/Max DD | 0.06 |
Description: VTMX Corporación Inmobiliaria January 13, 2026
Corporación Inmobiliaria Vesta (NYSE: VTMX) is a Mexico-based REIT that, through its subsidiaries, acquires, develops, manages, operates, and leases industrial and distribution facilities across the country. Founded in 1996 and headquartered in Mexico City, the firm focuses on high-growth logistics assets that serve manufacturers, e-commerce players, and third-party logistics providers.
Key operating metrics (as of the latest FY 2023 filing) show an occupancy rate of roughly 92-93 % and an average lease term of 5.8 years, indicating a stable cash-flow profile. Rental income grew ~7 % YoY, driven by strong demand for near-shoring warehousing as U.S. firms relocate production to Mexico-a trend amplified by the USMCA and rising labor-cost differentials. The sector’s performance is also sensitive to Mexico’s real-interest-rate environment; the central bank’s recent rate cuts (from 11.25 % to 9.75 % in early 2024) have lowered financing costs and supported cap-rate compression in prime logistics markets.
If you want a deeper quantitative view of VTMX’s valuation dynamics, the ValueRay platform offers a transparent, data-driven dashboard that can help you test sensitivity scenarios and compare peers across the Latin American industrial REIT space.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 118.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.24 > 1.0 |
| NWC/Revenue: 155.1% < 20% (prev 129.9%; Δ 25.15% < -1%) |
| CFO/TA 0.03 > 3% & CFO 119.0m > Net Income 118.7m |
| Net Debt (859.7m) to EBITDA (233.6m): 3.68 < 3 |
| Current Ratio: 2.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (84.6m) vs 12m ago -4.57% < -2% |
| Gross Margin: 89.59% > 18% (prev 0.91%; Δ 8868 % > 0.5%) |
| Asset Turnover: 6.30% > 50% (prev 5.90%; Δ 0.40% > 0%) |
| Interest Coverage Ratio: 20.70 > 6 (EBITDA TTM 233.6m / Interest Expense TTM 11.2m) |
Altman Z'' 2.65
| A: 0.09 (Total Current Assets 643.7m - Total Current Liabilities 224.0m) / Total Assets 4.60b |
| B: 0.25 (Retained Earnings 1.15b / Total Assets 4.60b) |
| C: 0.05 (EBIT TTM 231.9m / Avg Total Assets 4.29b) |
| D: 0.83 (Book Value of Equity 1.69b / Total Liabilities 2.03b) |
| Altman-Z'' Score: 2.65 = A |
Beneish M -2.78
| DSRI: 1.17 (Receivables 71.3m/52.8m, Revenue 270.6m/235.3m) |
| GMI: 1.01 (GM 89.59% / 90.90%) |
| AQI: 0.97 (AQ_t 0.86 / AQ_t-1 0.89) |
| SGI: 1.15 (Revenue 270.6m / 235.3m) |
| TATA: -0.00 (NI 118.7m - CFO 119.0m) / TA 4.60b) |
| Beneish M-Score: -2.78 (Cap -4..+1) = A |
What is the price of VTMX shares?
Over the past week, the price has changed by +3.98%, over one month by +6.15%, over three months by +5.87% and over the past year by +24.45%.
Is VTMX a buy, sell or hold?
- StrongBuy: 2
- Buy: 2
- Hold: 0
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the VTMX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 34.4 | 6.9% |
| Analysts Target Price | 34.4 | 6.9% |
| ValueRay Target Price | 36.1 | 12.3% |
VTMX Fundamental Data Overview February 04, 2026
P/E Forward = 15.4083
P/S = 9.6065
P/B = 1.0357
Revenue TTM = 270.6m USD
EBIT TTM = 231.9m USD
EBITDA TTM = 233.6m USD
Long Term Debt = 1.28b USD (estimated: total debt 1.45b - short term 166.9m)
Short Term Debt = 166.9m USD (from shortTermDebt, last quarter)
Debt = 1.45b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 859.7m USD (from netDebt column, last quarter)
Enterprise Value = 3.47b USD (2.61b + Debt 1.45b - CCE 587.1m)
Interest Coverage Ratio = 20.70 (Ebit TTM 231.9m / Interest Expense TTM 11.2m)
EV/FCF = 29.28x (Enterprise Value 3.47b / FCF TTM 118.5m)
FCF Yield = 3.42% (FCF TTM 118.5m / Enterprise Value 3.47b)
FCF Margin = 43.80% (FCF TTM 118.5m / Revenue TTM 270.6m)
Net Margin = 43.85% (Net Income TTM 118.7m / Revenue TTM 270.6m)
Gross Margin = 89.59% ((Revenue TTM 270.6m - Cost of Revenue TTM 28.2m) / Revenue TTM)
Gross Margin QoQ = 87.94% (prev 89.80%)
Tobins Q-Ratio = 0.75 (Enterprise Value 3.47b / Total Assets 4.60b)
Interest Expense / Debt = 0.77% (Interest Expense 11.2m / Debt 1.45b)
Taxrate = 47.59% (202.0m / 424.4m)
NOPAT = 121.5m (EBIT 231.9m * (1 - 47.59%))
Current Ratio = 2.87 (Total Current Assets 643.7m / Total Current Liabilities 224.0m)
Debt / Equity = 0.56 (Debt 1.45b / totalStockholderEquity, last quarter 2.57b)
Debt / EBITDA = 3.68 (Net Debt 859.7m / EBITDA 233.6m)
Debt / FCF = 7.25 (Net Debt 859.7m / FCF TTM 118.5m)
Total Stockholder Equity = 2.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.76% (Net Income 118.7m / Total Assets 4.60b)
RoE = 4.60% (Net Income TTM 118.7m / Total Stockholder Equity 2.58b)
RoCE = 6.01% (EBIT 231.9m / Capital Employed (Equity 2.58b + L.T.Debt 1.28b))
RoIC = 3.54% (NOPAT 121.5m / Invested Capital 3.43b)
WACC = 4.93% (E(2.61b)/V(4.06b) * Re(7.44%) + D(1.45b)/V(4.06b) * Rd(0.77%) * (1-Tc(0.48)))
Discount Rate = 7.44% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 211.8%
[DCF Debug] Terminal Value 85.67% ; FCFF base≈108.4m ; Y1≈101.6m ; Y5≈94.6m
Fair Price DCF = 23.46 (EV 2.84b - Net Debt 859.7m = Equity 1.98b / Shares 84.6m; r=5.90% [WACC]; 5y FCF grow -7.95% → 2.90% )
EPS Correlation: -63.59 | EPS CAGR: -81.76% | SUE: -0.48 | # QB: 0
Revenue Correlation: 98.99 | Revenue CAGR: 17.77% | SUE: -0.64 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.52 | Chg30d=-0.003 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=2.14 | Chg30d=-0.015 | Revisions Net=+0 | Growth EPS=+26.5% | Growth Revenue=+9.7%