Vesta's Revenues Increased 9.4% in 1Q22
- Vesta reported an 8.5% growth, to US$40.4 million, in its net operating income (NOI) for the first quarter of the year (1Q22).
Corporación Inmobiliaria Vesta, an industrial real estate and distribution center company in Mexico, reported an 8.5% growth, to US$40.4 million, in its net operating income (NOI) for the first quarter of the year (1Q22), compared to the US$37.2 million recorded in 1Q21.
In its report sent to the Mexican Stock Exchange (BMV), the company said that total revenues in the comparative period increased 9.4% to US$42.0 million.
The increases reported in the first three months of 2022 were the result of new revenue-generating contracts and the inflationary effect of the period.
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