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's (VTMX) quarterly Operating Expenses came in at -$9.8 million in Q1 2026, down 10.11% year-on-year from -$10.9 million in Q1 2025, and down 205.38% quarter-over-quarter from $9.3 million in Q4 2025.
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 has disclosed Operating Expenses across 5 years of filings, most recently posting -$9.8 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at -$9.8 million, down 10.11% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.0 million (up 58.33% YoY), and the FY2025 annual result was $35.5 million, up 3.84% from the prior year.
- Operating Expenses came in at -$9.8 million for Q1 2026 at Vesta Real Estate Corporation, S.A.B. de C.V, down from $9.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $9.3 million in Q4 2025 to a low of -$18.3 million in Q2 2022.
- The 5-year median for Operating Expenses is -$8.2 million (2023), against an average of -$4.9 million.
- Across the five-year window, Operating Expenses tumbled 57.14% in 2023 and surged 196.59% in 2024, its largest moves.
- Vesta Real Estate Corporation, S.A.B. de C.V's Operating Expenses stood at -$5.6 million in 2022, then sank by 57.14% to -$8.8 million in 2023, then soared by 196.59% to $8.5 million in 2024, then grew by 9.41% to $9.3 million in 2025, then plunged by 205.38% to -$9.8 million in 2026.
- The last three Operating Expenses figures came in at -$9.8 million (Q1 2026), $9.3 million (Q4 2025), and $7.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 19.65 Bn | 19.45 Bn | - | -9.80 Mn |
| 2 | Howard Hughes Holdings | 3.99 Bn | 2.22 Bn | 182.88 Mn | 185.37 Mn |
| 3 | Century Communities | 1.70 Bn | 1.62 Bn | 637.90 Mn | 22.22 Mn |
| 4 | Forestar | 1.48 Bn | 1.12 Bn | 80.20 Mn | 37.90 Mn |
| 5 | Five Point Holdings | 361.15 Mn | 1.49 Bn | 13.58 Mn | 23.22 Mn |
| 6 | Sky Harbour | 317.31 Mn | 324.50 Mn | 7.09 Mn | 14.05 Mn |
| 7 | Belpointe PREP | 180.46 Mn | 161.50 Mn | - | 15.16 Mn |
| 8 | Amrep | 138.84 Mn | 88.35 Mn | 14.23 Mn | 11.57 Mn |
| 9 | Smith Douglas Homes | 121.76 Mn | 447.61 Mn | 40.45 Mn | 35.91 Mn |
| 10 | JFB Construction Holdings | 88.07 Mn | 62.81 Mn | 681,192.00 | 2.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -9.80 Mn |
| Dec 31, 2025 | 9.30 Mn |
| Sep 30, 2025 | 7.80 Mn |
| Jun 30, 2025 | -8.30 Mn |
| Mar 31, 2025 | -8.90 Mn |
| Dec 31, 2024 | 8.50 Mn |
| Sep 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | -9.00 Mn |
| Mar 31, 2024 | -8.20 Mn |
| Dec 31, 2023 | -8.80 Mn |
| Sep 30, 2023 | -7.32 Mn |
| Jun 30, 2023 | -13.25 Mn |
| Mar 31, 2023 | -8.21 Mn |
| Dec 31, 2022 | -5.60 Mn |
| Sep 30, 2022 | -5.53 Mn |
| Jun 30, 2022 | -18.27 Mn |