This has been a great year for Vesta: marking our 25^th year of operation, we have had extraordinary growth in line with our strategy, and we were able to join the list of successful companies listed on the New York Stock Exchange through an initial public offering and a follow-on offering, raising almost US $600 million in capital, which will be invested for further growth, thanks to investors and all of the stakeholders who place their trust in us.

Vesta’s solid performance in industrial real estate continued to be driven by favorable market conditions such as nearshoring and e-commerce trends. The company’s momentum, evident in robust leasing activity, with a record 7,911,108 square feet leased during the year, renovations covering 3,386,046 square feet and new construction adding 3,101,653 square feet, among other achievements, reflects the success of our growth plan, which is on target for completion ahead of schedule.

Since our founding, we have been deeply interested in environmental, social and governance (ESG) issues, with a sound system of corporate governance in place since the company’s inception.

We have continually reinforced our ESG strategy year after year and have achieved major milestones in these areas, including the start of a process of corporate training on climate risks and sustainable taxonomy for our employees and Board members; conducting our first risk analysis on terms of human rights issues (covering employees, customers, suppliers and communities); and beginning the process of applying the Sustainable Taxonomy of Mexico and the European Union to Vesta’s operations.

With all of this, we have buttressed our business decision-making and aligned ourselves with the needs of our most relevant stakeholders, while improving our financial condition.

This year we also restructured our Social Investment strategy, which now includes a robust process of auditing the nonprofits we work with, to develop specific action plans, refocusing on the causes we support, and adapting standard methodologies that will help us improve the evaluation of social projects and thus ensure a more tangible impact on the communities where we operate.

As a result of these actions and with the active involvement of the entire Vesta team, we were included in the S&P/BMV Total Mexico ESG index for the third year in a row. In addition, we are included in the S&P Global Sustainability Yearbook 2023, the CSA index that recognizes companies with outstanding ESG performance in their industries, and we also improve our CDP and MSCI ratings.

One of the most prominent megatrends of the past year has been a growing focus on climate change and resilience. In this regard, we achieved operational certifications from BOMA, LEED and EDGE, the latter recognizing us as “global champions” for the number of square meters certified in just one year. We also achieved LEED certifications for seven new buildings.

Our unwavering commitment to excellence, integrity and sustainability supports our determination to continue this brisk pace of growth.