Corporacion Inmobiliaria Vesta, S.A.B de C.V. American Depositary Shares, each representing ten (10) Common Shares (VTMX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to our review of Vesta's second quarter earnings results. Presenting today with me is Lorenzo Dominique Vero, Chief Executive Officer, and Juan Patiz, our Chief Financial Officer. The earnings release detailing our second quarter 2025 results was released yesterday after market closed and is available on the SSIR website along with our supplemental package. It's important to note that on today's call, management remarks and answer to your questions may contain forward-looking statements. Forward-looking statements address matters that are subject to risk and uncertainty that may cause actual results to differ. For more information on these risk factors, please review our public findings. VESA assumes no obligation to update any forward-looking statements in the future. Additionally, note that all the figures were prepared in accordance with IFRS. which differ in certain significant respects from U.S. debt. All information should be read in conjunction with and is qualified in its entirety by reference to our financial statements, including the notes thereto on our status in U.S. dollars unless otherwise noted. I'll now turn the call over to Lorenzo Herrera. Good morning, and thank you for joining today's call. Speaking to you now at the midpoint of 2025, the macro volatility and related uncertainty that I have described in prior quarters has continued, defined by shifting trade dynamics, tariff vagueness, and muted investment decisions made by global corporations. The landscape we're navigating has been one of caution with soft and new leasing momentum and tentative client decisions. Despite these pressures, Vesta's operating results again deliver resilient performance for the second quarter, grounded in disciplined execution that'...