Corporación Inmobiliaria Vesta S.A.B. de C.V., (“Vesta”, or the “Company”) (BMV: VESTA; NYSE: VTMX), a leading industrial real estate company in Mexico, today announced results for the third quarter ended September 30, 2025. All figures included herein were prepared in accordance with International Financial Reporting Standards (IFRS), which differs in certain significant respects from U.S. GAAP. This information should be read in conjunction with, and is qualified in its entirety by reference to, Vesta's consolidated financial statements, including the notes thereto. Vesta’s financial results are stated in US dollars unless otherwise noted.

Q3 2025 Highlights

• Vesta has revised its full year 2025 guidance: EBITDA margin is expected to reached 84.5%, an increase from prior guidance of 83.5%, reflecting the Company's continued expense control discipline. Per previously issued guidance, revenue and adjusted NOI margin are expected to be solidly achieved between 10.0-11.0% and 94.5%, respectively.
• Vesta delivered strong financial results for the third quarter 2025: total income reached US$ 72.4 million; a 13.7% year over year increase, while total income excluding energy reached US$ 69.9 million; a 14.5% increase compared to US$ 61.1 million in the third quarter 2024. Third quarter 2025 Adjusted NOI¹ margin and Adjusted EBITDA² margin reached 94.4% and 85.3%, respectively.
• Vesta FFO reached US$ 47.4 million for the third quarter 2025; a 16.5% increase compared to US$ 40.7 million in the third quarter 2024, while Vesta FFO per share reached US$ 0.055; a 20.1% year over year increase.
• Third quarter 2025 leasing activity reached 1.7 million sf: 600 thousand sf in new contracts with existing and new Vesta tenants in the electronics, e-commerce and automotive sectors reflecting improving market dynamics, and 1.1 million sf in lease renewals with an average weighted lease life of approximately six years. Vesta began construction on one new building in Guadalajara and delivered 1.3 million sf of new buildings during the third quarter 2025. Vesta’s third quarter 2025 stabilized portfolio occupancy reached 94.3%.
• Third quarter 2025 renewals and re-leasing reached 1.2 million sf with a trailing twelve-month weighted average spread of 12.4%. Same-store NOI increased by 2.4% year over year.
• On September 30, 2025, the Company announced the successful closing of US$ 500 million senior unsecured notes at a 5.50% interest rate due 2033, strengthening Vesta´s balance sheet, providing financial flexibility and enabling continued execution of Vesta´s long term strategy, also with progress towards a fully unsecured capital structure. The issuance received a credit rating of BBB-/Positive by both S&P Global Ratings and Fitch. A portion of the proceeds will be used to prepay existing debt and subsequent to the quarter's end, on October 9, 2025, Vesta paid its Metlife II credit facility and related incremental facility of US$ 150 million and US$ 26.6 million, respectively.
• During the third quarter Vesta sold an 80,604 square foot building in Ciudad Juarez for US$ 5.5 million- an approximately 10% premium to appraisal value- aligned with Vesta´s strategy to opportunistically recycle assets.
• Subsequent to quarter's end, on October 22, 2025, Vesta acquired 330 acres of land in Monterrey, in the high-demand Monterrey-Apodaca Airport Highway corridor, with an initial payment of US$ 46.9 million, equivalent to 50% of the total price. The deal included 2-year seller financing, providing flexible capital deployment. The site benefits from a strategic location next to the Monterrey International Airport and Nuevo León’s Research and Technology Innovation Park, offering exceptional connectivity and direct access to a highly skilled labor pool. With this acquisition, Vesta has secured almost all of the land required to deliver the Company's Route 2030.
• Vesta paid US$ 17.4 million in dividends for the third quarter of 2025, equivalent to MXN$ 0.3751 per ordinary share, on October 15, 2025.

• Third quarter 2025 total revenues reached US$ 72.4 million; a 13.7% year on year increase from US$ 63.7 million in the third quarter 2024. Total revenues excluding energy increased to US$ 69.9 million; a 14.5% year on year increase from US$ 61.1 million in 2024 due to US$ 7.8 million in new revenue-generating contracts and a US$ 1.9 million inflationary favorably impact on third quarter 2025 results.
• Third quarter 2025 Adjusted Net Operating Income (Adjusted NOI) increased 14.7% to US$ 66.1 million, compared to US$ 57.6 million in the third quarter 2024. The third quarter 2025 Adjusted NOI margin was 94.4%; a 16-basis-point year on year increase due to higher rental income while the proportion of costs relative to rental income decreased, resulting in a higher margin.
• Adjusted EBITDA for the quarter increased 15.0% to US$ 59.7 million, as compared to US$ 51.9 million in the third quarter 2024. The Adjusted EBITDA margin was 85.3%; a 34-basis-point increase primarily due to higher revenue during the quarter, while administrative expenses as a percentage of rental income declined due to Vesta's continued expense control discipline.
• Third quarter 2025 Vesta funds from operations after tax (Vesta FFO (-) Tax Expense) increased to US$ 41.5 million, from US$ 35.2 million for the same period in 2024. Vesta FFO after tax per share was US$ 0.0484 for the third quarter 2025 compared with US$ 0.0398 for the same period in 2024; a 21.7% increase. This increase is due to higher EBITDA as well as fewer shares outstanding in the third quarter 2025. Third quarter 2025 Vesta FFO excluding current tax was US$ 47.4 million compared to US$ 40.7 million in the third quarter 2024 due to an increase in third quarter 2025 profit compared to the same period in 2024.
• Third quarter 2025 total comprehensive income was US$ 27.6 million versus a US$ 43.4 million gain in the third quarter 2024, primarily due to lower gain on revaluation and higher taxes during the third quarter 2025.
• The total value of Vesta’s investment property portfolio was US$ 3.9 billion as of September 30, 2025; a 5.9% increase compared to US$ 3.7 billion at the end of December 31, 2024.

For a full version of Corporación Inmobiliaria Vesta Third Quarter 2025 Earnings Release, please visit: https://ir.vesta.com.mx/financial-results

CONFERENCE CALL INFORMATION

Conference Call

Friday October 24, 2025

9:00 a.m. (Mexico City Time)

11:00 a.m. (Eastern Time)

To participate in the conference call please connect via webcast or by dialing:

International Toll-Free: +1 (888) 350-3870

International Toll: +1 (646) 960-0308

International Numbers: https://events.q4irportal.com/custom/access/2324/

Participant Code: 1849111

Webcast: https://events.q4inc.com/attendee/463630198

The replay will be available two hours after the call has ended and can be accessed from Vesta's IR website.

About Vesta

Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of September 30, 2025, Vesta owned 235 properties located in modern industrial parks in 16 states of Mexico totaling a GLA of 43.0 million sf (4.0 million m²). Vesta has several world-class clients participating in a variety of industries such as automotive, aerospace, retail, high-tech, pharmaceuticals, electronics, food and beverage and packaging. For additional information visit: www.vesta.com.mx.

Note on Forward-Looking Statements

This report may contain certain forward-looking statements and information relating to the Company and its expected future performance that reflects the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe,” “anticipate,” “expect,” “envisages,” “will likely result,” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, regional and local economic and political climates; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties; (v) tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain; (vii) environmental uncertainties, including risks of natural disasters; (viii) risks related to any potential health crisis and the measures that governments, agencies, law enforcement and/or health authorities implement to address such crisis; and (ix) those additional factors discussed in reports filed with the Bolsa Mexicana de Valores and in the U.S. Securities and Exchange Commission. We caution you that these important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to update or revise any forward-looking statements, including any financial guidance, whether as a result of new information, future events or otherwise except as may be required by law.

¹ Adjusted NOI and Adjusted NOI Margin calculations have been modified, please refer to Notes and Disclaimers.

²Adjusted EBITDA and Adjusted EBITDA Margin calculations have been modified, please refer to Notes and Disclaimers.

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