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
DateValue
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