VTMX · Corporación Inmobiliaria Vesta, S.A.B. de C.V.

Corporación Inmobiliaria Vesta executed a dual-tranche global follow-on offering, simultaneously pricing an international tranche of 1,199,285 ADSs at US$34.62 each (each representing 10 common shares) and a Mexican tranche of 58,054,784 common shares at Ps.$59.50 per share. This structure allows Vesta to tap both US and Mexican capital markets efficiently, with flexibility for reallocation of underlying common shares between tranches as noted in the underwriting agreement. The international underwriters, led by Barclays, J.P. Morgan, and Morgan Stanley as joint global coordinators, received a 30-day overallotment option for up to 119,928 additional ADSs (10,507,140 common shares), providing potential gross proceeds upside. The offering leverages Vesta's effective Form F-3 shelf registration (No. 333-295617) and CNBV approval, with prospectuses filed via EDGAR and Mexican disclosures. Closing is targeted for May 18, 2026, subject to standard conditions. Proceeds will support Vesta's growth strategy, aligning with its operations as a leading industrial real estate owner and developer in Mexico's key logistics corridors, where it manages 231 properties totaling 43.0 million sf as of March 31, 2026. This capital raise enhances Vesta's balance sheet for development and acquisition opportunities in high-demand sectors like automotive and high-tech.