Vesta develops and leases modern industrial warehouses and logistics parks across Mexico, the largest real estate platform of its kind in the country, with a tenant base that includes a large share of multinationals serving North American nearshoring flows. The moat is scale and land: a large owned land bank, long-dated leases with built-in escalators, and a national footprint that makes it the default build-to-suit partner for manufacturers relocating production from Asia. Revenue growth of 16.8% and a 74.7% operating margin reflect a portfolio where rents, not development sales, drive earnings. The near-term driver is continued lease-up and new build-to-suit deliveries in the northern industrial corridors, which should keep occupancy and rent growth supportive. At a trailing P/E of 7.5 against a forward P/E of 13.7, the market is pricing earnings in a different way than the recent trend implies, which makes the reconciliation of those two multiples the first thing to check in a deeper review.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 12:04 CEST | Fair value | $35.29 | $37.91 | $35.79 |
| 21 Oct 2026, 11:06 CEST | Rating | Fairly valued | first publication | $36.72 |
| 21 Oct 2026, 11:06 CEST | Fair value | $37.91 | $41.21 | $36.72 |
| 11 Oct 2026, 00:00 CEST | ACCE price target | $36.00 | first publication | $33.87 |
| 11 Oct 2026, 00:00 CEST | Fair value | $41.21 | $35.81 | $33.87 |
| 7 Oct 2026, 00:00 CEST | Fair value | $35.81 | $36.27 | $32.59 |
| 25 Sept 2026, 00:00 CEST | Fair value | $36.27 | $36.66 | $32.83 |
| 20 Sept 2026, 00:00 CEST | Fair value | $36.66 | $37.03 | $33.72 |
| 15 Sept 2026, 00:00 CEST | Fair value | $37.03 | $38.37 | $33.58 |
| 10 Sept 2026, 00:00 CEST | Fair value | $38.37 | $38.90 | $34.03 |
Answered from Corporacion Inmobiliaria Vesta S.A.B de C.V. American Depositary Shares each representing ten (10) Common Shares fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| VTMX Corporacion Inmobiliaria Vesta S.A.B de C.V. American Depositary Shares each representing ten (10) Common Shares | $36.34 | $35 | 3% above | 7.9x | 14.1% | 86 | 81 |
| VESTA.MX Corporacion Inmobiliaria Vesta | MXN 67.76 | MXN 63 | 7% above | 8.2x | 14.1% | 86 | 83 |
| PARAUCO.SN Parq Arauco | CLP 3640.10 | - | - | 21.8x | 10.6% | 76 | 58 |
| ALLN.SW Allreal Holding AG | CHF 191.20 | CHF 135 | 41% above | 15.2x | 7.7% | 72 | 45 |
| JOE St. Joe Company (The) Common Stock | $67.57 | $49 | 37% above | 31.7x | 16.3% | 82 | 70 |
| TEG.DE TAG Immobilien AG | €11.38 | €14 | 16% below | 63.2x | 1.6% | 58 | 43 |
| CATE.ST Catena AB (publ) | kr 358.20 | kr 357 | At fair value | 10.0x | 8.5% | 81 | 64 |
Where VTMX ranks against its sector peers on each metric.