Corporación Inmobiliaria Vesta (NYSE: VTMX) completed its global offering of shares, raising approximately $242.5 million in gross proceeds, according to a company statement.

The Mexican industrial real estate company sold 1,199,285 American Depositary Shares at $34.62 per ADS in the United States and 58,054,784 common shares at 59.50 Mexican pesos per share in Mexico. Each ADS represents 10 common shares of Vesta.

The international underwriters received a 30-day option to purchase up to 10,507,140 additional common shares represented by ADSs under the same terms as the initial offering.

Vesta plans to use the net proceeds to fund its growth strategy, as outlined in its prospectus supplement. The company operates as a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico.

Barclays, J.P. Morgan and Morgan Stanley served as joint global coordinators for the offering, while BofA Securities, BTG Pactual and Santander acted as joint book-runners.

As of March 31, 2026, Vesta owned 231 properties throughout Mexico's trade and logistics corridors with the United States, manufacturing centers and urban areas, totaling 43.0 million square feet of gross leasable area.