Armando Rodriguez's questions to Vesta Real Estate Corporation SAB de CV (VTMX) leadership • Q2 2025
Question
Armando Rodriguez of Signum Research asked for clarification on how much of the year-over-year change in net income could be attributed to the exchange rate.
Answer
CFO Juan Felipe Sottil Achutegui explained that the main driver for the decrease in net income was not the exchange rate, but rather a non-cash loss on the revaluation of investment properties. He advised focusing on pretax FFO, which excludes such volatile, non-cash items and offers a clearer view of the company's core operational performance.