Vesta Real Estate Corporation, S.a.b. De C.v. cash flow statement

In fiscal 2025, Vesta Real Estate Corporation, S.a.b. De C.v.'s operations generated $207m of cash; it spent $837,371 on capital projects, leaving free cash flow of $206m. It returned $68.3m in dividends and $36.4m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Vesta Real Estate Corporation, S.a.b. De C.v.: cash flow statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	108	65	145	130	207
Depreciation and amortisation	2	1	2	1	2
Stock-based pay	6	7	8	9	13
Capital spending	0	0	2	1	1
Free cash flow	108	65	143	129	206
Free cash flow after stock pay	102	58	135	120	194
Dividends paid	55	57	60	64	68
Share buybacks	0	16	0	44	36

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: STHO vs VTMX INTG vs VTMX ARL vs VTMX

More: Diversified Real Estate Activities stocks compared, Real Estate sector, rankings of US companies

Figures from Vesta Real Estate Corporation, S.a.b. De C.v.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Vesta Real Estate Corporation, S.a.b. De C.v.