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
DateValue
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