Earnings Call Summary | Vesta Real Estate(VTMX.US) Q1 2024 Earnings Conference
Earnings Call Summary | Vesta Real Estate(VTMX.US) Q1 2024 Earnings Conference
The following is a summary of the Corporación Inmobiliaria Vesta, S.A.B. De C.V. (VTMX) Q1 2024 Earnings Call Transcript:
以下是Corporacion'n Inmobiliaria Vesta, S.A.B. De C.V.(VTMX)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Vesta reported a 20.1% rise in the adjusted net operating income (NOI) in Q1 2024 to $57.4 million.
The company posted total revenues for Q1 of $60.6 million, marking a 21% increase largely due to new rental leases.
They reported Funds From Operations (FFO) of over $40 million, up by 32.4% YoY.
The company's adjusted EBITDA rose by 20% to reach $50.6 million, with the margin at 84.7%.
Vesta possessed cash and equivalents worth $445 million, with the total debt slightly decreased to $914 million. The net debt to EBITDA ratio stood at 2.4 times.
维斯塔报告称,2024年第一季度调整后的净营业收入(NOI)增长了20.1%,至5,740万美元。
该公司公布的第一季度总收入为6,060万美元,增长了21%,这主要是由于新的租赁租约。
他们报告运营资金(FFO)超过4000万美元,同比增长32.4%。
该公司调整后的息税折旧摊销前利润增长了20%,达到5,060万美元,利润率为84.7%。
维斯塔拥有价值4.45亿美元的现金及等价物,总债务略有下降至9.14亿美元。净负债与息税折旧摊销前利润的比率为2.4倍。
Business Progress:
业务进展:
In terms of operations, stabilized occupancy for Q1 2024 raised by 40 basis points to 97.1%, while total portfolio occupancy increased to 94%.
Vesta initiated construction on four new buildings, with on-going construction reaching 4.1 million square feet.
The company stated it will continue to prioritize its investment pipeline which promises above-market returns with higher spreads.
Despite minor project adjustments and delays, the company anticipates no substantial impact on potential income or its value proposition.
Vesta saw considerable growth from Foxconn, a major tenant, in Guadalajara where prominent electronics manufacturing components are produced.
在运营方面,2024年第一季度的稳定入住率提高了40个基点至97.1%,而投资组合的总入住率增加到94%。
Vesta开始建造四座新建筑,在建建筑面积达到410万平方英尺。
该公司表示,将继续优先考虑其投资渠道,该渠道承诺高于市场的回报和更高的利差。
尽管进行了细微的项目调整和延迟,但该公司预计不会对潜在收入或其价值主张产生实质性影响。
Vesta在瓜达拉哈拉的主要租户富士康看到了可观的增长,那里生产重要的电子制造组件。
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