Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) Cash Flow: Operating & Free Cash Flow

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Corporación Inmobiliaria Vesta, S.A.B. de C.V. generated $207.25M of operating cash flow and spent $837.37K on capital expenditures. That left free cash flow of $206.41M, up 59.9% from $129.11M a year earlier, or 70.9% of revenue. It returned $104.74M to shareholders through $68.33M in dividends and $36.42M in share buybacks.

Corporación Inmobiliaria Vesta, S.A.B. de C.V. Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	242.68	222.43	381.62	291.85	256.03	127.50	185.20	128.04	157.56
Depreciation & Amortization	1.72	1.42	1.59	1.46	1.60	1.48	1.49	0.57	0.36
Deferred Income Tax	0.00	0.00	0.00	-244.47	-204.60	0.00	0.00	-64.65	-89.20
Stock Based Compensation	12.73	8.98	8.00	6.65	5.55	3.68	2.79	1.94	1.48
Change in Working Capital	-0.96	-3.32	6.01	-34.04	-1.61	-1.85	-3.00	-13.36	-7.65
Change in Accounts Receivable	1.21	-13.49	-2.41	1.35	-2.68	-2.58	-4.70	0.00	0.00
Change in Inventory	0.00	0.00	0.00	-45.63	6.36	0.00	0.00	0.00	0.00
Change in Accounts Payable	-0.79	-8.51	0.00	-1.62	-0.23	-0.71	0.68	0.00	0.00
Change in Other Working Capital	53.59	31.26	8.42	-23.68	-8.95	1.45	1.02	0.00	0.00
Other Operating Activities	53.59	31.26	-252.43	-145.71	-127.27	-30.24	-83.14	34.72	-69.58
Net Cash from Operating Activities	207.25	129.71	144.80	65.21	107.93	100.57	103.35	87.27	82.16
Investing Activities
Capital Expenditures	-0.84	-0.60	-2.08	-269.44	-108.61	-0.82	-1.61	-1.20	-0.26
Acquisitions	-3.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Purchases of Investments	-341.55	-230.19	0.00	0.00	0.00	0.00	-0.08	0.00	-0.06
Sales/Maturities of Investments	5.52	5.05	0.00	0.00	0.68	0.12	0.00	0.00	0.00
Other Investing Activities	0.00	0.00	-220.99	-254.45	16.25	-72.64	2.95	-137.51	-196.15
Net Cash from Investing Activities	-335.79	-226.67	-223.07	-262.16	15.95	-73.35	1.27	-138.71	-196.48
Financing Activities
Debt Repayment	-214.43	-70.40	-17.40	-0.65	-252.50	123.67	14.45	116.48	243.00
Common Stock Issued	0.00	0.00	594.38	0.00	229.22	0.00	0.00	0.00	0.00
Common Stock Repurchased	-36.42	-44.17	0.00	-15.60	0.00	-14.80	-27.90	-11.26	-26.95
Dividends Paid	-68.33	-63.67	-59.51	-57.02	-55.37	-53.98	-39.44	-47.99	-39.11
Other Financing Activities	-5.35	-5.56	-72.73	-47.16	-58.80	-37.99	-41.70	-30.71	-18.23
Net Cash from Financing Activities	279.60	-225.89	444.74	-119.78	212.54	16.91	-94.60	26.61	158.71
Summary
Effect of Forex Changes on Cash	1.73	5.80	-4.45	3.05	-4.15	1.34	0.57	-1.70	-4.11
Net Change in Cash	152.78	-317.05	362.02	-313.67	332.28	45.48	10.58	-26.52	40.28
Cash at Beginning of Period	184.86	501.90	139.88	453.56	121.28	75.80	65.22	91.74	51.46
Cash at End of Period	337.64	184.86	501.90	139.88	453.56	121.28	75.80	65.22	91.74
Free Cash Flow	206.41	129.11	142.72	-204.23	-0.68	99.75	101.74	86.08	81.90
Supplemental Disclosures
Interest Paid	45.88	42.09	45.03	44.84	44.47	-	-	-	-
Income Taxes Paid	40.12	75.01	64.10	55.00	27.06	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Corporación Inmobiliaria Vesta, S.A.B. de C.V. Cash Flow

What is Corporación Inmobiliaria Vesta, S.A.B. de C.V.'s free cash flow?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. generated free cash flow of $206.41M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $207.25M minus $837.37K of capital expenditures. That was up 59.9% from $129.11M a year earlier. Free cash flow equaled 70.9% of revenue.

How much does Corporación Inmobiliaria Vesta, S.A.B. de C.V. spend on capital expenditures?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. spent $837.37K on capital expenditures in fiscal 2025, compared with $597.33K a year earlier. That equals 0.4% of operating cash flow.

Does Corporación Inmobiliaria Vesta, S.A.B. de C.V. pay dividends or buy back shares?

Yes. In fiscal 2025 Corporación Inmobiliaria Vesta, S.A.B. de C.V. returned $68.33M in dividends and $36.42M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition