Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) Balance Sheet
VTMX balance sheet, 2025
December 31, 2025 · U.S. dollars$4.54B assets = $1.79B liabilities + $2.75B equity
Both columns are drawn to the same scale: what VTMX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VTMX financial health
Descriptive bands, not a rating. Fiscal 2025.
VTMX balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.50B2016 | $4.54B2025 | +13.1%/yr | |
| Total liabilities | $541.4M2016 | $1.79B2025 | +14.2%/yr | |
| Shareholders’ equity | $959.4M2016 | $2.75B2025 | +12.4%/yr | |
| Cash & short-term investments | $48.7M2016 | $336.9M2025 | +24.0%/yr | |
| Total debt | $340.9M2016 | $1.28B2025 | +15.8%/yr | |
| Net cash (debt) | −$292.2M2016 | −$940.6M2025 | −$648.4M | |
| Working capital | $74.3M2016 | $392.4M2025 | +$318.2M | |
| Book value per share | $15.222016 | $31.912025 | +8.6%/yr | |
| Debt / equity | 0.362016 | 0.462025 | +0.11 | |
| Shares outstanding | 63.0M2016 | 86.1M2025 | +3.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VTMX assets
VTMX liabilities and equity
VTMX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VTMX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $336.9M | $184.1M | $501.1M | $139.1M | $452.8M | $120.4M | $75.8M | $65.2M | $91.1M | $48.7M |
| Cash & equivalents | $336.9M | $184.1M | $501.1M | $139.1M | $452.8M | $119.7M | $75.0M | $64.4M | $90.4M | $48.1M |
| Short-term investments | — | — | — | $0 | — | $684,936 | $804,967 | $724,399 | $677,828 | $613,015 |
| Receivables | $58.0M | $58.3M | $44.3M | $45.3M | $28.4M | $21.2M | $18.6M | $34.5M | $0 | $28.8M |
| Inventory | $0 | $0 | $19.4M | $17.4M | $481.7M | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $1.6M | $543,804 | $0 | $1.2M | $1.3M | $586,807 | $32.9M | $2.7M |
| Total current assets | $394.9M | $242.4M | $566.4M | $202.2M | $481.7M | $142.9M | $95.8M | $100.2M | $123.9M | $80.2M |
| Property, plant & equipment (net) | $3.7M | $3.70B | $3.4M | $2.9M | $3.5M | $3.5M | $4.2M | $2.5M | $1.9M | $2.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $3.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.14B | $15.5M | $3.22B | $2.75B | $2.27B | $2.11B | $1.99B | $1.89B | $1.71B | $1.42B |
| Total assets | $4.54B | $3.96B | $3.79B | $2.95B | $2.76B | $2.25B | $2.09B | $1.99B | $1.83B | $1.50B |
| Liabilities | ||||||||||
| Accounts payable | $30.8M | $14.2M | $13.2M | $16.6M | $3.0M | $1.8M | $2.5M | $2.8M | $4.1M | $1.8M |
| Short-term debt | $2.4M | $50.3M | $70.2M | $5.2M | $3.3M | $2.4M | $1.2M | $4.5M | — | — |
| Total current liabilities | $2.4M | $90.8M | $147.6M | $67.9M | $67.2M | $28.5M | $12.7M | $16.7M | $12.0M | $5.9M |
| Long-term debt | $1.27B | $797.2M | $845.6M | $925.9M | $930.7M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.5M | $558,116 | $897,651 | $1.5M | $1.4M | — | — | — | — | — |
| Other long-term liabilities | $518.9M | $563.5M | $312.1M | $319.6M | $308.4M | $1.12B | $969.9M | $923.7M | $797.7M | $535.5M |
| Total liabilities | $1.79B | $1.36B | $1.31B | $1.31B | $1.31B | $1.15B | $982.6M | $940.4M | $809.8M | $541.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $580.0M | $585.4M | $591.6M | $480.6M | $482.9M | $422.4M | $426.3M | $435.6M | $439.8M | $450.9M |
| Retained earnings (deficit) | $1.32B | $1.15B | $989.7M | $733.4M | $547.2M | $429.0M | $416.2M | $333.8M | $288.7M | $201.8M |
| Accumulated other comprehensive income | −$37.2M | −$42.3M | −$33.0M | −$40.9M | −$49.8M | −$47.9M | −$35.1M | — | — | — |
| Total shareholders' equity | $2.75B | $2.60B | $2.49B | $1.64B | $1.45B | $1.11B | $1.11B | $1.05B | $1.02B | $959.4M |
| Key figures | ||||||||||
| Total debt | $1.28B | $847.5M | $916.1M | $932.0M | $934.9M | $840.5M | $715.6M | $699.8M | $582.0M | $340.9M |
| Net cash (debt) | −$940.6M | −$663.4M | −$415.0M | −$792.9M | −$482.1M | −$720.1M | −$639.8M | −$634.6M | −$490.9M | −$292.2M |
| Working capital | $392.4M | $151.6M | $418.9M | $134.3M | $414.5M | $114.4M | $83.1M | $83.5M | $111.9M | $74.3M |
| Tangible book value | $2.75B | $2.60B | $2.49B | $1.64B | $1.45B | $1.11B | $1.11B | $1.05B | $1.02B | $959.4M |
| Book value per share | $31.91 | $29.40 | $32.35 | $23.62 | $20.98 | $19.33 | $18.92 | $17.57 | $16.76 | $15.22 |
| Shares outstanding | 86.1M | 88.3M | 76.9M | 69.4M | 69.3M | 57.4M | 58.7M | 60.0M | 61.0M | 63.0M |
| Current ratio | 162.93 | 2.67 | 3.84 | 2.98 | 7.17 | 5.02 | 7.56 | 6.00 | 10.31 | 13.51 |
| Quick ratio | 162.93 | 2.67 | 3.70 | 2.71 | 7.16 | 4.98 | 7.45 | 5.97 | 7.58 | 13.05 |
| Debt / equity | 0.46 | 0.33 | 0.37 | 0.57 | 0.64 | 0.76 | 0.64 | 0.66 | 0.57 | 0.36 |
| Equity / assets | 60.5% | 65.6% | 65.6% | 55.5% | 52.7% | 49.2% | 53.1% | 52.8% | 55.8% | 63.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $404.2M | $206.1M | $336.9M | $587.1M | $65.2M | $48.7M | $281.2M | $376.8M | $444.8M | $501.1M | $407.9M | $50.7M |
| Cash & equivalents | $404.2M | $206.1M | $336.9M | $587.1M | $65.2M | $48.7M | $281.2M | $376.8M | $444.8M | $501.1M | $407.9M | $50.7M |
| Receivables | $58.6M | $55.6M | $58.0M | $71.3M | $66.6M | $64.2M | $40.8M | $52.8M | $62.4M | $44.3M | $40.9M | $33.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18.3M | $20.0M | $19.4M | $20.1M | $0 |
| Other current assets | $0 | $10.3M | $0 | $0 | $514 | $0 | $7.0M | $3.2M | $4.2M | $1.6M | $822,012 | $0 |
| Total current assets | $462.8M | $272.0M | $394.9M | $658.4M | $131.8M | $112.9M | $329.0M | $451.1M | $531.5M | $566.4M | $469.8M | $84.1M |
| Property, plant & equipment (net) | $3.6M | $4.23B | $3.7M | $3.7M | $2.9M | $3.75B | $2.1M | $2.9M | $3.1M | $3.4M | $2.0M | $2.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $5.9M | $3.6M | $3.5M | $0 | $732,166 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.36B | $6.5M | $4.14B | $3.94B | $3.88B | $22.4M | $3.60B | $3.53B | $3.36B | $3.22B | $3.12B | $2.96B |
| Total assets | $4.84B | $4.51B | $4.54B | $4.60B | $4.02B | $3.89B | $3.93B | $3.99B | $3.90B | $3.79B | $3.59B | $3.05B |
| Liabilities | ||||||||||||
| Accounts payable | $30.8M | $29.7M | $30.8M | — | $9.8M | $19.1M | $15.9M | $17.0M | $20.2M | $13.2M | $17.0M | — |
| Short-term debt | $616,659 | $1.4M | $2.4M | $166.9M | $5.2M | $5.2M | $5.2M | $70.3M | $70.3M | $70.2M | $5.4M | $5.3M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | $30.4M | — |
| Total current liabilities | $616,659 | $48.0M | $2.4M | $166.9M | $76.2M | $5.2M | $71.7M | $145.4M | $170.8M | $147.6M | $108.3M | $5.3M |
| Long-term debt | $1.18B | $1.18B | $1.27B | $0 | $895.4M | $796.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.2M | $1.4M | $1.5M | — | $439,634 | $379,126 | — | — | — | — | — | — |
| Other long-term liabilities | $513.4M | $431.4M | $518.9M | $1.86B | $501.6M | $579.8M | $1.17B | $1.18B | $1.18B | $1.16B | $1.27B | $1.30B |
| Total liabilities | $1.69B | $1.66B | $1.79B | $2.03B | $1.47B | $1.38B | $1.24B | $1.32B | $1.35B | $1.31B | $1.37B | $1.31B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $627.5M | $582.3M | $580.0M | $580.0M | $580.0M | $580.0M | $591.3M | $594.0M | $594.0M | $591.6M | $567.1M | $482.9M |
| Retained earnings (deficit) | $1.45B | $1.42B | $1.32B | $1.15B | $1.12B | $1.09B | $1.21B | $1.16B | $1.05B | $989.7M | $875.9M | $824.2M |
| Accumulated other comprehensive income | −$41.3M | −$37.8M | −$37.2M | −$37.6M | −$42.6M | −$51.8M | −$42.5M | −$33.6M | −$33.9M | −$33.0M | −$31.5M | −$34.0M |
| Total shareholders' equity | $3.15B | $2.86B | $2.75B | $2.57B | $2.54B | $2.51B | $2.69B | $2.66B | $2.55B | $2.49B | $2.22B | $1.74B |
| Key figures | ||||||||||||
| Total debt | $1.18B | $1.18B | $1.28B | $1.45B | $900.8M | $801.6M | $848.2M | $914.4M | $915.2M | $916.1M | $929.2M | $930.1M |
| Net cash (debt) | −$773.4M | −$971.0M | −$940.6M | −$859.7M | −$835.5M | −$752.9M | −$567.0M | −$537.6M | −$470.4M | −$415.0M | −$521.3M | −$879.4M |
| Working capital | $462.2M | $224.0M | $392.4M | $491.4M | $55.6M | $107.7M | $257.3M | $305.7M | $360.7M | $418.9M | $361.5M | $78.8M |
| Tangible book value | $3.15B | $2.86B | $2.75B | $2.57B | $2.54B | $2.51B | $2.69B | $2.66B | $2.55B | $2.49B | $2.22B | $1.74B |
| Book value per share | $33.71 | $33.28 | $32.01 | $30.41 | $29.63 | $28.88 | $30.97 | $30.01 | $28.80 | — | $26.64 | $25.06 |
| Shares outstanding | 93.3M | 85.9M | 85.9M | 84.6M | 85.8M | 86.8M | 86.9M | 88.6M | 88.5M | — | 83.4M | 69.5M |
| Current ratio | 750.57 | 5.67 | 162.93 | 3.94 | 1.73 | 21.82 | 4.59 | 3.10 | 3.11 | 3.84 | 4.34 | 15.85 |
| Quick ratio | 750.57 | 5.45 | 162.93 | 3.94 | 1.73 | 21.82 | 4.49 | 2.95 | 2.97 | 3.70 | 4.14 | 15.85 |
| Debt / equity | 0.37 | 0.41 | 0.46 | 0.56 | 0.35 | 0.32 | 0.32 | 0.34 | 0.36 | 0.37 | 0.42 | 0.53 |
| Equity / assets | 65.0% | 63.3% | 60.5% | 55.9% | 63.3% | 64.5% | 68.5% | 66.8% | 65.4% | 65.6% | 61.8% | 57.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
VTMX financial position
At the end of fiscal 2025 (December 31, 2025), Corporación Inmobiliaria Vesta, S.A.B. de C.V. had total assets of $4.5 billion (up 14.8% from a year earlier), total liabilities of $1.8 billion and shareholders' equity of $2.7 billion. It held $336.9 million in cash and short-term investments against $1.3 billion of debt, net debt of $940.6 million. Its current ratio was 162.93. In the latest quarter (ended June 30, 2026) total assets were $4.8 billion and equity $3.1 billion.
Related: VTMX income statement, VTMX cash flow statement, VTMX key metrics. See the VTMX stock overview for the latest quote and news.
VTMX balance sheet FAQ
What are Corporación Inmobiliaria Vesta, S.A.B. de C.V.'s total assets?
Corporación Inmobiliaria Vesta, S.A.B. de C.V. reported total assets of $4.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.0 billion a year earlier.
How much debt does Corporación Inmobiliaria Vesta, S.A.B. de C.V. have?
Corporación Inmobiliaria Vesta, S.A.B. de C.V. had $1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.46.
How much cash does Corporación Inmobiliaria Vesta, S.A.B. de C.V. have?
Corporación Inmobiliaria Vesta, S.A.B. de C.V. held $336.9 million in cash and short-term investments at the end of fiscal 2025; with $1.3 billion of debt that is net debt of $940.6 million.
What is Corporación Inmobiliaria Vesta, S.A.B. de C.V.'s book value?
Corporación Inmobiliaria Vesta, S.A.B. de C.V.'s shareholders' equity (book value) was $2.7 billion at the end of fiscal 2025, or $31.91 per share.
What is Corporación Inmobiliaria Vesta, S.A.B. de C.V.'s current ratio?
Corporación Inmobiliaria Vesta, S.A.B. de C.V. had current assets of $394.9 million and current liabilities of $2.4 million, a current ratio of 162.93 (it can cover its short-term obligations).