2024-02-22 16:42:10 ET
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX)
Q4 2023 Earnings Conference Call
February 22, 2024 10:00 AM ET
Company Participants
Fernanda Bettinger – Investor Relations Officer
Lorenzo Dominique Berho – Chief Executive Officer
Juan Sottil – Chief Financial Officer
Conference Call Participants
Alejandra Obregon – Morgan Stanley
Adrian Huerta – JPMorgan
Jorel Guilloty – Goldman Sachs
Pablo Ricalde – Santander
Alan Macias – Bank of America
Felipe Barragán – BTG
Alejandro Lavín – Santander Asset Management
Francisco Chávez – BBVA
Juan Macedo – GBM
Hugo Grassi – Citibank
Isabela Salazar – GBM
Presentation
Operator
Greetings, ladies and gentlemen. Welcome to the Vesta Fourth Quarter 2023 Earnings Conference Call. At this time all participants are in a listen mode only. [Operator Instructions] It is now my pleasure to introduce your host, Fernanda Bettinger, Investor Relations Officer. Please go ahead.
Fernanda Bettinger
Good morning, everyone, and welcome to our fourth quarter earnings call. Presenting today with me is, Lorenzo Dominique Berho, Chief Executive Officer; and Juan Sottil, our Chief Financial Officer.
The earnings release detailing our fourth quarter 2023 results was released yesterday after market and is available on the company’s website, along with our supplemental materials. It’s important to note on today’s call, management remarks and answers to your questions may contain forward-looking statements. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ. For more information on these risk factors, please review our public filings. Vesta assumes no obligation to update any forward-looking statements in the future.
Additionally, note that all figures included herein were prepared in accordance with IFRS, which differs in certain significant respects from U.S. GAAP. All information should be read in conjunction with, and is qualified in its entirety by reference to our financial statements, including the notes thereto, and are stated in U.S. dollars unless otherwise noted.
I’ll now turn the call over to Lorenzo Berho.
Lorenzo Dominique Berho
Good morning. Thanks, Fernanda. Before turning to our results, I would like to provide some perspective on our company as we celebrated many significant milestones in 2023, a tremendous year of opportunity and growth for Vesta.
We have grown to become the leading premier industrial real estate asset manager and developer in Mexico, and our space has become increasingly more crowded and competitive with continued nearshoring tailwinds. Vesta is differentiated by our 25-year track record of execution excellence, disciplined investment process and outstanding asset quality. So while there are broad industry tailwinds, which Vesta and peers will benefit from, there also are important differentiators....
Read the full article on Seeking Alpha
For further details see:
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) Q4 2023 Earnings Call Transcript