Andrew Moffs
Corp Inmobiliaria Vesta SAB de CV
VESTA-BMV
PAST TOP PICK
Sep 28, 2022
(A Top Pick Sep 27/21, Up 10%) Industrial estate play that has worked well.
193 properties with 32,000,000 square feet of industrial space.
Stock under priced at current share price.
Lots of manufacturing is now moving to Mexico (leaving Asia) with global tensions.
It's leases are primarily denominated in US$. Industrial warehouses in Mexico. It is not a REIT. It is benefiting from near-shorting and on-shoring. It trades at a cap rate of north of 9%. They can develop buildings to meet the needs as they grow. (Analysts’ price target is $44.22)