Vesta second quarter revenue rose about 16.7% with 91.7% occupancy and US$101.8 million net profit, as nearshoring keeps filling the Mexican industrial REIT's warehouses.
Key Facts
—The revenue. Rental-driven revenue rose about 16.7% year on year, with rental income of about US$78.5 million.
—The occupancy. Occupancy reached 91.7% across the portfolio.
—The profit. Net profit was about US$101.8 million; adjusted EBITDA about US$63.6 million.
—The portfolio. Vesta’s industrial portfolio spans about 43.3 million square feet, plus a land bank of roughly 23 million square feet.
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