Andres (Analyst)'s questions to Vesta Real Estate Corporation SAB de CV (VTMX) leadership • Q1 2025
Question
An analyst named Andres asked if Vesta plans to begin development on its recently acquired land parcels in the near term or if they will be held for future projects.
Answer
CEO Lorenzo Dominique Berho Carranza explained Vesta's cautious approach, stating there is 'no rush to go out and build.' He clarified that new construction will commence when market indicators improve, either for build-to-suits or after existing spec space is leased, emphasizing a strategy of using both the 'accelerator and the brakes.'