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 Operating Expenses of -$9.3 million for Q2 2026, little changed sequentially from -$9.3 million in Q1 2026, and down 10.71% YoY from -$10.4 million in Q2 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 reported Operating Expenses for 5 years, with the latest figure at -$9.3 million 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 was little changed at -$9.3 million in Q2 2026 per VTMX's latest filing, from -$9.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$5.9 million in Q3 2022 and troughed at -$18.6 million in Q2 2022.
- A 5-year average of -$9.2 million and a median of -$8.6 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 56.67% in 2023, then jumped 33.35% in 2024.
- Over 5 years, Operating Expenses stood at -$6.0 million in 2022, then plunged by 56.67% to -$9.4 million in 2023, then rose by 4.26% to -$9.0 million in 2024, then fell by 8.89% to -$9.8 million in 2025, then rose 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Howard Hughes Holdings | 3.94 Bn | 3.94 Bn | 1.07 Bn | 895.60 Mn |
| 2 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.04 Bn | 3.04 Bn | - | -9.30 Mn |
| 3 | Century Communities | 2.01 Bn | 1.92 Bn | 190.18 Mn | -173,000.00 |
| 4 | Forestar | 1.49 Bn | 1.10 Bn | 84.10 Mn | 38.30 Mn |
| 5 | Five Point Holdings | 389.23 Mn | 39.86 Mn | -23.72 Mn | 21.49 Mn |
| 6 | Belpointe PREP | 187.10 Mn | 187.10 Mn | - | 15.16 Mn |
| 7 | Amrep | 122.80 Mn | 70.12 Mn | 4.41 Mn | 8.90 Mn |
| 8 | Logistic Properties of the Americas | 106.67 Mn | 106.67 Mn | - | -4.18 Mn |
| 9 | Smith Douglas Homes | 103.50 Mn | 89.30 Mn | 47.92 Mn | 41.91 Mn |
| 10 | JFB Construction Holdings | 76.81 Mn | 68.84 Mn | 1.33 Mn | 5.42 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 | -13.65 Mn |
| Mar 31, 2023 | -8.61 Mn |
| Dec 31, 2022 | -6.00 Mn |
| Sep 30, 2022 | -5.94 Mn |
| Jun 30, 2022 | -18.60 Mn |