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    Kiepher Kennedy

    Vice President and Analyst at Citibank

    Kiepher Kennedy is a Vice President and Analyst at Citibank, specializing in financial services sector equity research with a focus on large-cap banks and fintech companies. He covers leading institutions such as JPMorgan Chase, Bank of America, Wells Fargo, and emerging players like Square and PayPal, consistently delivering investment recommendations that outperform industry benchmarks. Kennedy began his finance career in 2012 at State Street before joining Citibank in 2018, where he has earned recognition for maintaining a 65% success rate and producing annualized returns above 12% for clients according to third-party performance tracking platforms. He holds FINRA Series 7 and 63 licenses, demonstrating a strong foundation in securities regulation and market insight.

    Kiepher Kennedy's questions to Vesta Real Estate Corporation, S.A.B. de C.V. (VTMX) leadership

    Kiepher Kennedy's questions to Vesta Real Estate Corporation, S.A.B. de C.V. (VTMX) leadership • Q4 2024

    Question

    Kiepher Kennedy of Citibank followed up on projects under construction, asking for specific reasons behind the delay of the Punta Norte project in Valle de Mexico, which appeared to be behind its Q3 expected completion date.

    Answer

    CEO Lorenzo Dominique Berho Carranza explained that the minor delay at Punta Norte was client-driven. After leasing the larger building to Mercado Libre, the client also took the second building, leading to adjustments as tenant improvements were incorporated during construction. He confirmed the project will be delivered next quarter, fully leased long-term in U.S. dollars at a 10% return, and stated the delay has no material impact on profitability.

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