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Vesta Real Estate Priced, NYSE: VTMX

Owns and operates industrial real estate properties in Mexico.

Industry: Real Estate

Latest Trade: $25.96 0.00 (0.0%)

First Day Return: +3.9%

Return from IPO: -16.3%

Industry: Real Estate

We are a fully-integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico. We have significant development experience and capabilities, focused on a single real estate segment comprised of industrial parks and industrial buildings in Mexico. With an experienced management team, we strive to achieve excellence in the development of industrial real estate, to generate efficient and sustainable investments. We offer our world-class clients strategic locations across fifteen Mexican states located in the most developed industrial areas, with a growing portfolio of our developments built according to eco-efficient standards. As of March 31, 2023, our portfolio was comprised of 202 buildings with a total gross leasable area, or “GLA,” of 33.7 million square feet (3.1 million square meters), and a stabilized occupancy rate of 96.7%. Our GLA has grown 60.6x since we began operations in 1998, representing a compound annual growth rate, or “CAGR,” of 10.8% since our initial public offering in 2012. Our facilities are located in strategic areas for light-manufacturing and logistics in the Northwest, Northeast, Bajío-North, Bajío-South and Central regions of Mexico. The quality and geographic location of our properties are key to optimizing our clients’ operations, and constitute a crucial link in the regional supply chain.
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IPO Data
IPO File Date 06/08/2023
Offer Price $31.00
Price Range $31.00 - $31.00
Offer Shares (mm) 12.5
Deal Size ($mm) $388
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/29/2023
Offer Price $31.00
Price Range $31.00 - $31.00
Offer Shares (mm) 12.5
Deal Size ($mm) $388
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
BofA Securities
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Company Data
Headquarters Mexico City, Mexico
Founded 1998
Employees at IPO 87
Website www.vesta.com.mx

Vesta Real Estate (VTMX) Performance