Bernardo Malpita's questions to Vesta Real Estate Corporation SAB de CV (VTMX) leadership • Q1 2025
Question
Bernardo Malpita from Santander requested more specific details on market dynamics, including occupancy and rent trends, in Monterrey and Tijuana, and asked for the outlook for these markets.
Answer
CEO Lorenzo Dominique Berho Carranza stated that Q1 vacancy rates were healthy at ~7% in Monterrey and ~8% in Tijuana, despite a slow quarter. He emphasized that market rents in these regions have continued to increase or have stabilized at high levels, with no material downward adjustments.