Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) Operating Expenses (2022 - 2026)
Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) posted quarterly Operating Expenses of -$9.3 million for Q2 2026, down 10.71% year-on-year from -$10.4 million in Q2 2025, and little changed on a QoQ basis from -$9.3 million in Q1 2026.
Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) Operating Expenses (2022 - 2026) Analysis & Trends
Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) has reported Operating Expenses for 5 consecutive years, with -$9.3 million the latest figure, recorded in Q2 2026.
- Quarterly Operating Expenses fell 10.71% year-over-year to -$9.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$36.7 million (down 10.88% YoY) and the FY2025 annual result came in at -$35.5 million, down 3.8% from the prior year.
- Operating Expenses steadied at -$9.3 million in Q2 2026 per VTMX's latest filing, from -$9.3 million in the prior quarter.
- Over the last five years, Operating Expenses for VTMX reached as high as -$5.9 million in Q3 2022 and fell as low as -$9.8 million in Q4 2025.
- A 5-year average of -$8.1 million and a median of -$8.4 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses slumped 56.67% — and 2025, when it gained 7.69%.
- Year by year, Operating Expenses stood at -$6.0 million in 2022, then sank by 56.67% to -$9.4 million in 2023, then climbed by 4.26% to -$9.0 million in 2024, then slipped by 8.89% to -$9.8 million in 2025, then climbed by 5.1% to -$9.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$9.3 million, -$9.3 million, and -$9.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 29.14 Bn | 29.14 Bn | - | -9.30 Mn |
| 2 | Howard Hughes Holdings | 3.90 Bn | 3.90 Bn | 182.88 Mn | 185.37 Mn |
| 3 | Century Communities | 2.02 Bn | 1.93 Bn | 190.18 Mn | -173,000.00 |
| 4 | Forestar | 1.48 Bn | 1.09 Bn | 84.10 Mn | 38.30 Mn |
| 5 | Five Point Holdings | 407.88 Mn | 58.50 Mn | -23.72 Mn | 21.49 Mn |
| 6 | Sky Harbour | 352.49 Mn | 352.49 Mn | - | 14.05 Mn |
| 7 | Belpointe PREP | 175.24 Mn | 175.24 Mn | - | 15.16 Mn |
| 8 | Smith Douglas Homes | 136.02 Mn | 108.03 Mn | 40.45 Mn | 35.91 Mn |
| 9 | Amrep | 122.75 Mn | 70.06 Mn | 4.41 Mn | 8.90 Mn |
| 10 | Logistic Properties of the Americas | 98.33 Mn | 98.33 Mn | - | -4.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -9.30 Mn |
| Mar 31, 2026 | -9.30 Mn |
| Dec 31, 2025 | -9.80 Mn |
| Sep 30, 2025 | -8.30 Mn |
| Jun 30, 2025 | -8.40 Mn |
| Mar 31, 2025 | -8.30 Mn |
| Dec 31, 2024 | -9.00 Mn |
| Sep 30, 2024 | -7.40 Mn |
| Jun 30, 2024 | -9.10 Mn |
| Mar 31, 2024 | -8.50 Mn |
| Dec 31, 2023 | -9.40 Mn |
| Sep 30, 2023 | -7.62 Mn |
| Jun 30, 2023 | -7.21 Mn |
| Mar 31, 2023 | -8.61 Mn |
| Dec 31, 2022 | -6.00 Mn |
| Sep 30, 2022 | -5.94 Mn |
| Jun 30, 2022 | -6.07 Mn |