Earnings Call Summary | Vesta Real Estate(VTMX.US) Q4 2023 Earnings Conference
Earnings Call Summary | Vesta Real Estate(VTMX.US) Q4 2023 Earnings Conference
The following is a summary of the Corporación Inmobiliaria Vesta, S.A.B. De C.V. (VTMX) Q4 2023 Earnings Call Transcript:
以下是 Corporacion'n Inmobiliaria Vesta, S.A.B. De C.V. (VTMX) 2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Corporación Inmobiliaria Vesta registered a revenue increase of more than 20% to $214.5 million in 2023.
Total portfolio occupancy for the year marked at 93.4%.
FY23 FFO reached 127.9 million, an increase of 23.6% YoY.
The company carried out a significant acquisition of 81,000 square meters in Toluca with an estimated cap rate of 8.5%.
Vesta ended 2023 with $215 million in total revenue, exceeding expectations with a year-on-year increase of 20.5%.
Total revenues for Q4 stood at $55.9 million, a hike of 17.9% majorly due to new leases and inflationary adjustments.
Adjusted net operating income saw an increment of 19.4% reaching $53 million.
Pretax income stood at $99.8 million, marking an increase from the previous year's $74.8 million.
Vesta's FFO saw growth of 20% at $32.6 million.
2023年，Corporacion Inmobiliaria Vesta的收入增長了20％以上，達到2.145億美元。
該年度的投資組合總佔用率爲93.4％。
23財年的FFO達到1.279億，同比增長23.6％。
該公司在託盧卡進行了81,000平方米的重大收購，估計市值率爲8.5％。
截至2023年，Vesta的總收入爲2.15億美元，超出預期，同比增長20.5％。
第四季度的總收入爲5,590萬美元，增長17.9％，這主要是由於新的租賃和通貨膨脹調整。
調整後的淨營業收入增長了19.4％，達到5300萬美元。
稅前收入爲9,980萬美元，較上一年的7,480萬美元有所增加。
維斯塔的FFO增長了20％，達到3,260萬美元。
Business Progress:
業務進展：
Vesta established strong relations with Foxconn and Tesla in Guadalajara and the Bajio region.
A record leasing activity marked at 2.7 million square feet in the fourth quarter of the year.
Almost 4 million square feet in new buildings were delivered and construction was started on 3.2 million square feet during the year.
The company has invested over $269 million in the acquisition and development of assets into best-in-class projects.
With their 2024 strategy largely focusing on investment in energy, substations, and grid connectivity, Vesta aims to anticipate market demand.
There is a focused approach on high-barrier entry markets like Monterrey, Mexico City, and Guadalajara, promising high prospects.
Vesta has initiated an asset recycling program and aims to deploy over $300 million in specific key markets for land acquisition.
The company plans to maintain a high-quality client base preferring long-term leases at or above market rates while expanding their asset portfolio in a disciplined manner for future acquisitions and investment cycles.
The company anticipates a revenue increase of 16% to 17% YoY in 2024 and achieving a 94% NOI margin as well as an 83% EBITDA margin.
The net profits from their IPO will be utilized to fund land acquisitions and the development of industrial buildings.
維斯塔在瓜達拉哈拉和巴吉奧地區與富士康和特斯拉建立了牢固的關係。
今年第四季度的租賃活動創下了創紀錄的270萬平方英尺。
年內交付了近400萬平方英尺的新建築，320萬平方英尺的施工已開始。
該公司已投資超過2.69億美元，用於收購資產並將其開發成一流的項目。
Vesta的2024年戰略主要集中在能源、變電站和電網連接方面的投資上，旨在預測市場需求。
對蒙特雷、墨西哥城和瓜達拉哈拉等高壁壘進入市場採取了重點方針，前景看好。
Vesta啓動了一項資產回收計劃，目標是在特定的關鍵市場部署超過3億美元的土地收購。
該公司計劃保持高質量的客戶群，更傾向於以或高於市場價格的長期租賃，同時以嚴格的方式擴大其資產組合，以適應未來的收購和投資週期。
該公司預計，2024年收入將同比增長16％至17％，淨資產淨利潤率達到94％，息稅折舊攤銷前利潤率達到83％。
他們首次公開募股的淨利潤將用於資助土地收購和工業建築的開發。
More details: Vesta Real Estate IR
更多詳情： 維斯塔房地產投資者
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。