LatinFinance recently featured Logistic Properties of the Americas (NYSE American: LPA) in an article focused on the Company’s expansion strategy in Mexico.
In the interview, CEO Esteban Saldarriaga discussed LPA’s capital recycling program, which could generate between $50 million and $100 million through selected asset sales in Peru, Colombia, and Costa Rica, while maintaining a presence in those markets.
The article also highlights LPA’s recently announced agreement to acquire a $200 million portfolio of Class A industrial properties in Tepeji del Río, Hidalgo, within Central Park 57, a large-scale industrial and logistics park located along the Mexico–Querétaro highway.
This coverage reinforces LPA’s strategic focus on disciplined growth, capital allocation, and expansion in key logistics corridors across the Americas.
Read the full article on LatinFinance.
https://latinfinance.com/daily-brief/2026/04/22/lpa-to-fund-mexico-expansion-with-latam-asset-sales/
SAN JOSÉ, Costa Rica, March 18, 2026 – Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or “the Company”), announced today its audited consolidated financial results for the year ended December 31, 2025 (“FY25”). The financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”), which differ in certain significant respects from the U.S. Generally Accepted Accounting Principles (“GAAP”). This information should be read in conjunction with, and is qualified in its entirety by reference to, the Company’s audited consolidated financial statements, including the notes thereto. All comparisons within this announcement are year-over-year (“YoY”), unless otherwise noted. LPA’s financial results are stated in U.S. dollars unless otherwise noted. LPA is a leading developer, owner, acquirer and manager of logistics and industrial real estate of institutional quality in the Americas, and one of the few internally managed, vertically integrated, and institutional platforms operating across the region.
On March 9, 2026, the Company entered into a forward purchase agreement for a portfolio of Class A industrial properties strategically located in Tepeji del Río, State of Hidalgo, Mexico. The transaction was executed through a Master Agreement, representing an approximately US$200 million investment, pursuant to which LPA will progressively acquire stabilized industrial assets within Central Park 57, a large‑scale industrial and logistics park strategically located along the Mexico–Querétaro Highway (Federal Highway 57), a key logistics corridor. The asset is being developed and sponsored by Mexico City-based Fortem Capital, the institutional owner and master developer of Central Park 57, the first operating building of which is pending stabilization of approximately 153,400 square feet.
2025 marked a transformative year for LPA. As anticipated, the latter part of the year delivered double-digit revenue growth and accelerated NOI expansion, driven by assets that have significantly enhanced the earnings power of our regional platform. These include our recently acquired properties in Mexico, which are anchored by DHL, and the delivery of a LEED Gold-certified facility to PepsiCo in Peru.
By year-end, we achieved 100% stabilized occupancy across our operating property portfolio, alongside meaningful rent step-ups across existing properties. Together, these milestones underscore the embedded earnings power of our portfolio and translated into clear profitability in our first full year as a public company. We expect to carry much of this strong momentum into 2026 as additional development assets come online and we continue to drive value through active asset management.
Our financial performance accelerated meaningfully as the year progressed, despite geopolitical noise in certain markets. In the fourth quarter alone, revenue increased 23.3% YoY and 6.4% quarter-over-quarter. This step-change reflects the full contribution of recent building stabilizations, strong mark-to-market rent growth across our portfolio, improved occupancy in Peru and Colombia, and initial contributions of newly acquired properties in Mexico from the third quarter. The fourth quarter clearly demonstrated the operating leverage embedded within LPA’s platform.
Our operating performance was equally strong. Full-year Cash NOI increased 12.4% to $40.3 million, while average rent per square foot rose 11.0% to $8.65, underscoring the pricing power of our Class A logistics assets in undersupplied, high-barrier-to-entry markets. Achieving 100.0% stabilized occupancy across Costa Rica, Colombia, Peru, and Mexico further highlights the strength of tenant demand and the quality of our real estate portfolio. This reflects not only to our ability to deliver facilities that meet the highest standards of global and regional clients, but also the favorable industry dynamics across many of these structurally underserved markets.
Strategically, our expansion into Mexico represents more than geographic diversification – it establishes the foundation for truly regional, cross-border logistics solutions aligned with our vision of seamlessly serving multinational clients across multiple markets. As a critical node in the North American supply chain, Mexico meaningfully expands our opportunity set and enhances our ability to serve tenants operating across the Americas. At the same time, our foundational markets continue to benefit from strong domestic consumption, improving commodity and metals pricing, increasing e-commerce penetration, and favorable demographic trends. While Colombia enters an important 2026 election cycle amid inflationary pressures, our other markets are benefiting from moderating interest rates.
Looking ahead, we remain disciplined in our capital allocation and committed to long-term value creation as an internally managed real estate company. With approximately 84.1% of our development pipeline currently pre-leased, embedded rent growth across the portfolio, and a fully-stabilized operating platform, we have entered 2026 with increasing visibility and expect to sustain the momentum achieved in the fourth quarter. We are confident in our ability to scale earnings meaningfully and strengthen LPA’s position across multiple countries.
Esteban Saldarriaga
Chief Executive Officer
Real Estate Portfolio
| As of and for the years ended December 31 | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Number of operating real estate properties | 34 | 30 | 28 |
| Operating GLA (sq. ft) | 5,804,261 | 5,121,625 | 4,619,616 |
| Leased area (sq. ft) | 5,992,995 | 5,637,044 | 5,308,454 |
| Number of tenants | 58 | 57 | 53 |
| Average rent per square foot | $8.65 | $7.79 | $7.80 |
| Weighted average remaining lease term | 4.9 years | 5.1 years | 5.3 years |
| Stabilized occupancy rate (% of GLA) | 100.0% | 98.3% | 100.0% |
Financial Performance Revenues
| For the years ended December 31 | |||
|---|---|---|---|
| 2025 | 2024 | % Chg. | |
| Rental revenue | |||
| Costa Rica | 24,138 | 23,953 | 0.8% |
| Colombia | 9,990 | 8,702 | 14.8% |
| Peru | 14,317 | 10,926 | 31.0% |
| Mexico | 667 | — | NM |
| Unallocated revenue | 1,019 | 281 | 262.6% |
| Total revenue | $50,131 | $43,862 | 14.3% |
Investment Property Operating Expenses
| 2025 | 2024 | % Change | |
|---|---|---|---|
| Investment property operating expense | |||
| Costa Rica | (3,530) | (3,197) | 10.4% |
| Colombia | (1,432) | (1,114) | 28.6% |
| Peru | (3,145) | (2,664) | 18.1% |
| Mexico | (40) | — | NM |
| Total investment property operating expense | $(8,148) | $(6,975) | 16.8% |
Please refer to LPA’s quarterly Supplemental Information and Management Discussion and Analysis, both of which are available on the Company’s Investor Relations website at https://ir.lpamericas.com
4Q25 and FY25 Earnings Conference Call
When: Thursday, March 19, 2026, 9:00 a.m. Eastern Time 8:00 a.m. Central Time
Who: Mr. Esteban Saldarriaga, Chief Executive Officer, Mr. Paul Smith, Chief Financial Officer, and Mr. Camilo Ulloa, Investor Relations
Dial-in: +1 800 715 9871 (North American Toll-Free), +1 646 307 1963 (USA/International)
Conference ID: 1755158
Pre-Register: You may pre-register at any time: Click Here. Callers will need to press # to be connected to an operator to access LPA’s financial results conference call via telephone.
Webcast: Click Here
A call recording will also be available for replay on LPA’s website for a limited time.
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Latin America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of December 31, 2025, LPA’s operating and development portfolio was comprised of 35 logistics facilities in Costa Rica, Colombia, Peru, and Mexico totaling approximately 560,000 square meters (or approximately 6.0 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com.
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA’s future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
ir@lpamericas.com
Barbara Cano / Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
MEXICO CITY–(BUSINESS WIRE)– Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”), announced today that it has entered into a forward purchase agreement for a portfolio of Class A industrial properties strategically located in Tepeji del Río, State of Hidalgo, Mexico.
The transaction was executed through a Master Agreement, representing an approximately US$200 million investment, pursuant to which LPA will progressively acquire stabilized industrial assets within Central Park 57, a large‑scale industrial and logistics park strategically located along the Mexico–Querétaro Highway (Federal Highway 57), a key logistics corridor. The asset is being developed and sponsored by Mexico City-based Fortem Capital, the institutional owner and master developer of Central Park 57, the first operating building of which is pending stabilization of approximately 153,400 square feet.
Central Park 57 has been designed as a modern, institutional‑grade logistics and manufacturing hub, with Class A specifications, on‑site infrastructure and utilities, controlled access and security, and scalability in a phased development. It is the only logistics park on Route 57 with simultaneous northbound and southbound access within a 200-mile radius. Upon completion, Central Park 57 is expected to comprise approximately 2.1 million square feet of gross leasable area.
The park’s location places it approximately 20 kilometers from the Tepotzotlán toll, with efficient connectivity to Mexico City, the State of Mexico, Querétaro, and the Bajío, positioned to benefit from ongoing demand related to nearshoring activities, e‑commerce growth, and third‑party logistics providers.
“This transaction reflects our disciplined, partner‑centric growth strategy. Joining forces with a leading institutional real estate investor like Fortem Capital to thoughtfully and systematically increase LPA’s presence in Mexico, both accelerates and de‑risks expansion in this market. Our strategic partnership with a leading local investor like Fortem showcases the creativity of our executive team in sourcing, structuring, and executing high‑quality industrial investments,” said Esteban Saldarriaga, Chief Executive Officer of LPA. “Central Park 57 combines scale, a strategic location, reliable power, and access infrastructure in a way that is aligned directly with the demanding specifications of our customers and reinforces our conviction in Mexico as a key market within our cross-border platform.”
The acquisition of Central Park 57 will be completed through sequential closings, subject to customary conditions precedent, including completion of construction works, lease stabilization, and regulatory approvals, as applicable. Each asset is expected to be leased in US dollars, delivered as a fully developed, Class A industrial facility that meets institutional construction, safety, and operational standards.
“This agreement reflects Fortem Capital’s disciplined approach to originating and developing institutional-quality real estate platforms in strategic corridors, in alignment with structural demand drivers and long-term capital partnerships. Central Park 57 is being executed under rigorous design, operational and governance standards, consistent with the institutional framework applied to this development,” said Ignacio García de Quevedo, Managing Director of Fortem Capital.
“Mexico continues to benefit from its unparalleled proximity to vital North American supply chains, along with sustained nearshoring and logistics demand. The unique location of Central Park 57, in particular, offers a cost‑effective alternative within the greater Mexico City industrial real estate market,” said Eduardo Nakash, Country Manager for Mexico. “The park provides the connectivity, infrastructure, and local skilled labor that high-grade global and regional tenants are seeking, and it will substantially expand and diversify LPA’s regional platform as well as consolidate our presence in the country.”
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Latin America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of September 30, 2025, LPA’s operating and development portfolio was comprised of 35 logistics facilities in Costa Rica, Colombia, Peru, and Mexico totaling approximately 560,000 square meters (or approximately 6.0 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com.
Fortem Capital is a Mexico-based real estate private equity platform focused on the origination, development and management of institutional-quality real estate programs across key sectors, including industrial, hospitality, residential and mixed-use developments. The firm manages two capital development certificate programs (CKDs) listed on Bolsa Institucional de Valores (BIVA) and four private equity funds, operating through an integrated model that combines investment, development and asset management capabilities. Its diversified portfolio is built on disciplined capital allocation, long-term value creation and strong local execution, guided by core values of transparency, integrity, responsibility, teamwork and environmental stewardship, aligned with institutional investment and governance standards. https://fortemcapital.com.mx/
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA’s future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
camilo@lpamericas.com
Barbara Cano / Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
SAN JOSE, Costa Rica–(BUSINESS WIRE)–
Logistic Properties of the Americas (NYSE American: LPA) (“LPA” or the “Company”), a leading developer, owner and manager of institutional quality, Class A industrial and logistics real estate in Central and South America, announced today the reporting dates for its Full-Year 2025 financial results.
Earnings Release
Wednesday, March 18, 2026
Time: After Market Close
Conference Call
Thursday, March 19, 2026
Time: 9:00 a.m. ET | 8:00 a.m. CT
To participate, please dial
(800) 715-9871 (USA Toll-Free)
+1 (646) 307-1963 (USA/International Toll)
Conference ID: 1755158
Webcast: click here
A call recording will be available for replay on LPA’s website for a limited time.
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Latin America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of September 30, 2025, LPA’s operating and development portfolio was comprised of 35 logistics facilities in Costa Rica, Colombia, Peru, and Mexico totaling approximately 560,000 square meters (or approximately 6.0 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com.
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
Barbara Cano / Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
SAN JOSÉ, Costa Rica–(BUSINESS WIRE)–
Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”), announced today the execution of a long-term lease with a major regional packaging company that will be an anchor tenant for Building 400, the construction of which has begun at Parque Logístico Callao, one of Peru’s most strategically located logistics parks.
Building 400 will have approximately 215,600 square feet of gross leasable area and was 100% pre-leased prior to groundbreaking, fully de-risking its development. The 10-year U.S. dollar-denominated lease covers the entire building and reflects sustained demand for modern, institutional-grade logistics facilities within the economically vibrant Lima–Callao industrial corridor.
LPA’s new tenant is a subsidiary of one of Colombia’s leading industrial groups, with more than 28 years of operating history and a diversified portfolio of domestic and international customers, including Nestlé, Procter & Gamble and PepsiCo. The company is widely recognized for its strong market position and solid credit profile in Peru’s industrial and packaging sector, both of which align with LPA’s disciplined tenant selection and underwriting criteria.
“Achieving full pre-leasing on a 215,600-square-foot facility prior to construction is a strong validation of LPA’s regional development platform and our disciplined, capital efficient growth strategy,” said Esteban Saldarriaga, Chief Executive Officer of Logistic Properties of the Americas. “This transaction reflects our ability to secure high-quality tenants and deliver resilient, income-generating assets in select locations that have high barriers to entry in key growth markets in Latin America.”
Álvaro Chinchayán, Country Manager of LPA Peru, added: “This lease further reinforces Parque Logístico Callao’s position as a critical logistics hub of the Lima–Callao region, given the seamless connectivity it provides to the Port of Callao and Jorge Chávez International Airport, which together serve Lima’s 11 million residents. We are pleased to advance this next phase of the park’s development with a fully leased facility purpose-built to the needs of a leading industrial company.”
With the additions of Building 400 and Building 200, which is scheduled for completion in first-half 2026, Parque Logístico Callao will comprise four state-of-the-art Class A buildings totaling 863,000 square feet of gross leasable area. The new lease strengthens the park’s position as a premier logistics destination in Peru and underscores LPA’s continued focus on delivering high-quality facilities that support the expansion of best-in-class industrial tenants operating in Costa Rica, Colombia, Peru and Mexico.
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Latin America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of September 30, 2025, LPA’s operating and development portfolio was comprised of 35 logistics facilities in Costa Rica, Colombia, Peru, and Mexico totaling approximately 560,000 square meters (or approximately 6.0 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com.
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA’s future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
Barbara Cano / Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
SAN JOSÉ, Costa Rica–(BUSINESS WIRE)– Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”), announced today its unaudited consolidated financial results for the third quarter ended September 30, 2025 (“third quarter 2025” or “3Q25”). The financial results are expressed in U.S. dollars and are presented in accordance with International Accounting Standard (“IAS”) 34 – Interim Financial Reporting, as issued by the International Accounting Standards Board (“IASB”), which differs in certain significant respects from the U.S. Generally Accepted Accounting Principles (“GAAP”). This information should be read in conjunction with, and is qualified in its entirety by reference to, the Company’s condensed consolidated interim financial statements, including the notes thereto. All comparisons within this announcement are year-over-year (“YoY”), unless otherwise noted. LPA’s financial results are stated in U.S. dollars unless otherwise noted. LPA is a leading developer, owner, acquirer and manager of logistics and industrial real estate of institutional quality in the Americas, and one of the few internally managed, vertically integrated, and institutional platforms operating across the region.
The performance of our regional logistics platform accelerated in the third quarter, delivering higher revenue and NOI growth and reflecting the benefit of strong domestic consumption trends and sustained demand for premium, strategically located logistics facilities across our markets. These highly favorable dynamics supported the continued stabilization of LPA’s expanding operating portfolio, which closed the quarter with a 98% occupancy rate, alongside significant increases in rental rates and the completion of lease renewals. We expect to continue achieving similar, if not higher, organic growth rates in 2026.
Delivering on our strategic objectives, we have expanded our property portfolio into Mexico through the acquisition of two mission-critical logistics assets in Puebla, establishing a solid foundation for growth in this key market. Consistent with our long-term strategy, this positions LPA to capture growth opportunities in Mexico’s far larger economy and also enable seamless cross-border logistics solutions for regional and global clients. A recent example of this unique offering is the leasing of one of LPA’s Colombian facilities by a major US-based membership club warehouse operator that also occupies one of our buildings in Costa Rica.
Whether investing in Mexico or our foundational markets, where favorable demographics and e-commerce penetration continue driving consumer spending, we maintain relentless focus on serving our customers, maximizing capital efficiency and proactively managing risk to create value for the long term. In line with this approach, we seek institutional partners that, in addition to their investment capital, bring local market expertise, strategic land positions, and high-quality logistics assets that complement LPA’s proven operational and development capabilities.
We look forward to a strong finish to the year and remain excited about scaling our cross-border logistics platform in the years ahead.
Esteban Saldarriaga
Chief Executive Officer
Real Estate Portfolio
| As of September 30, 2025 | As of December 31, 2024 | As of September 30, 2024 | |
|---|---|---|---|
| Number of operating real estate properties | 33 | 30 | 30 |
| Operating GLA (sq. ft) | 5,550,277 | 5,121,625 | 5,121,625 |
| Leased GLA (sq. ft) | 5,863,430 | 5,637,044 | 5,629,154 |
| Number of tenants | 57 | 57 | 51 |
| Average rent per square foot | $8.14 | $7.79 | $7.92 |
| Weighted average remaining lease term | 4.7 years | 5.1 years | 5.0 years |
| Stabilized occupancy rate (% of GLA) | 97.9% | 98.3% | 94.5% |
Financial Performance Revenues
| For the nine months ended September 30 | |||
|---|---|---|---|
| 2025 | 2024 | % Change | |
| Revenue | |||
| Costa Rica | $17,969,590 | $17,771,033 | 1.1% |
| Colombia | 7,235,530 | 6,426,573 | 12.6% |
| Peru | 10,099,002 | 8,349,511 | 21.0% |
| Mexico | 221,586 | — | 100.0% |
| Unallocated revenue | 891,291 | 195,911 | 354.9% |
| Total revenues | 36,416,999 | 32,743,028 | 11.2% |
Investment Property Operating Expenses
| For the nine months ended September 30 | |||
|---|---|---|---|
| 2025 | 2024 | % Change | |
| Costa Rica | 2,637,748 | 2,449,445 | 7.7% |
| Colombia | 1,156,936 | 843,373 | 37.2% |
| Peru | 2,327,179 | 1,563,991 | 48.8% |
| Mexico | 10,383 | — | 100.0% |
| Total investment property operating expense | 6,132,246 | 4,856,809 | 26.3% |
Please refer to LPA’s quarterly Supplemental Information and Management Discussion and Analysis of financial condition and results of operations, both of which are available on the Company’s Investor Relations website at https://ir.lpamericas.com
When: November 13, 2025, 9:00 a.m. Eastern Time / 8:00 a.m. Central Time
Who: Mr. Esteban Saldarriaga, Chief Executive Officer, Mr. Paul Smith, Chief Financial Officer, and Mr. Camilo Ulloa, Investor Relations
Dial-in: (800) 715-9871 (USA Toll-free), +1 (646) 307-1963 (USA/International)
Passcode: 8556655
Pre-Register: You may pre-register at any time at: https://events.q4inc.com/attendee/686649020. Callers will need to press # to be connected to an operator to access LPA’s financial results conference call via telephone.
Webcast: https://events.q4inc.com/attendee/686649020
A call recording will also be available for replay on LPA’s website for a limited time.
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Latin America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of September 30, 2025, LPA’s operating and development portfolio was comprised of 35 logistics facilities in Costa Rica, Colombia, Peru, and Mexico totaling approximately 560,000 square meters (or approximately 6.0 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com.
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA’s future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
Barbara Cano / Ivan Peill
InspIR Group
barbara@inspirgroup.com/ ivan@inspirgroup.com
Source: Logistic Properties of the Americas
SAN JOSÉ, Costa Rica–(BUSINESS WIRE)–
Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”), a leading developer, owner and manager of Class A industrial and logistics real estate across Latin America, announced today the signing of a new long-term lease with a premier U.S.-based membership warehouse club operator. This agreement strengthens LPA’s regional relationship with the client, which initially partnered with the Company in Costa Rica and is now expanding its operations in Colombia.
The 15-year lease encompasses approximately 97,250 square feet in Building 300 at Parque Logístico Calle 80, located in Bogotá’s most strategic and modern logistics corridor. With this lease, the flagship park will achieve 100% occupancy, solidifying LPA’s position as top-tier logistics real estate provider in Colombia’s capital city, serving a market with over 11 million people. The lease reflects current market rates, supported by favorable market fundamentals such as minimal new supply over the past two years, a resilient consumer sector, improving market sentiment, and the platform’s capacity to seamlessly serve multinational clients across multiple countries.
“This agreement reflects the continued trust of one of our most established regional clients and their confidence in LPA’s reputation for delivering best-in-class logistics solutions,” said Guillermo Zarco, Country Manager for LPA Colombia. “Their expansion in Colombia alongside LPA, emphasizes the strategic significance of Parque Logístico Calle 80 within the broader supply chain network.”
“This strengthened, direct client relationship highlights the importance of long-term regional partnerships,” said Esteban Saldarriaga, CEO of LPA. “Our collaborations with leading global operators showcase LPA’s ability to effectively anticipate growth needs and deliver advanced, institutional-quality facilities through our unique regional platform, facilitating efficient operations across multiple markets.”
Parque Logístico Calle 80 will serve as a modern logistics hub supporting the client’s retail operations throughout Colombia. The new lease aligns with LPA’s broader strategy of partnering with high-quality multinational tenants to ensure long-term stability and value creation across its Latin American property portfolio.
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Central and South America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of June 30, 2025, LPA’s operating and development portfolio was comprised of 33 logistics facilities in Costa Rica, Colombia and Peru totaling approximately 536,000 square meters (or approximately 5.8 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA’s future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
Barbara Cano / Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
SAN JOSE, Costa Rica–(BUSINESS WIRE)–
Logistic Properties of the Americas (NYSE American: LPA) (“LPA” or the “Company”), a leading developer, owner and manager of institutional quality, Class A industrial and logistics real estate in Central and South America, announced today the reporting dates for its Third Quarter 2025 financial results.
Earnings Release
Wednesday, November 12, 2025
Time: After Market Close
Conference Call
Thursday, November 13, 2025
Time: 9:00 a.m. ET | 8:00 a.m. CT
To participate, please dial
(800) 715-9871 (USA Toll-Free)
+1 (646) 307-1963 (USA/International Toll)
Conference ID: 8556655
Webcast: click here
A call recording will be available for replay on LPA’s website for a limited time.
Logistic Properties of the Americas is a leading developer, owner, and operator of institutional-grade industrial and logistics real estate, focused on high-growth and high-barrier-to-entry markets in Central and South America. LPA’s diverse customer base includes multinational and regional e-commerce companies, third-party logistic providers, business-to-business distributors, and retail supply chain operators, among others. LPA expects to continue its future growth with strong client relationships, deep market insight, and a disciplined approach to acquiring and developing strategically located, high-quality facilities in its core regions. As of June 30, 2025, LPA’s operating and development portfolio includes 33 logistics facilities across Costa Rica, Colombia and Peru, encompassing approximately 536,000 square meters (or approximately 5.8 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
Barbara Cano / Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
SAN JOSÉ, Costa Rica–(BUSINESS WIRE)–
Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”), a leading developer, owner and manager of institutional quality, Class A industrial and logistics real estate across Latin America, announced today the closing of a previously announced asset acquisition as part of its strategic partnership with Inmobiliaria y Constructora Alas, S.A. (“Alas” or “Falcon”). This key milestone aligns with LPA’s strategy to expand its regional presence in Latin America. Through the partnership and purchase, LPA will acquire a premier logistics asset in Puebla, Mexico, marking its first investment in the country’s vibrant and strategically vital logistics real estate market. Ownership of the property will be distributed as 90% by Alas and 10% by LPA.
The property comprises two operating logistics buildings totaling 257,700 square feet of gross leasable area, which are strategically located across from Volkswagen’s largest manufacturing facility outside of Germany. The site plays a critical role in Mexico’s supply chain, which has supported automotive production and exports to the U.S. and other Latin America countries for many years.
The Puebla property is anchored by and primarily leased to DHL, a global logistics leader, and is projected to generate approximately USD $1.6 million in annual net operating income. This transaction advances LPA’s strategy to acquire mission-critical logistics assets that support essential, difficult-to-replace supply networks. Additionally, it lays the groundwork for future growth in Mexico through strategic, purpose-driven partnerships that emphasize differentiation and value creation.
“Our strategic partnership with Alas and initial co-investment are fundamental milestones in LPA’s long-term expansion strategy that encompasses Mexico, enabling us to serve both current and future high-profile global clients like DHL,” said Esteban Saldarriaga, Chief Executive Officer of LPA. “The partnership combines Alas’s deep local market knowledge with LPA’s proven operational and institutional expertise. The integration of the Puebla facilities into LPA’s regional real estate platform showcases the power of strategic alliances to deliver sustained value in a high-demand logistics corridor.”
“We are proud to partner with LPA on this landmark transaction,” added Francisco Alvarez, Co-CEO of Alas. “Our aligned vision and complementary strengths have enabled us to establish a foothold in one of the most strategically vital locations within Mexico’s extensive industrial sector. This marks the first step to expand LPA’s leading logistics real estate platform into Mexico, one that we believe has considerable growth potential as well as the capacity to deliver and generate substantial value over time.”
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Central and South America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of June 30, 2025, LPA’s operating and development portfolio was comprised of 33 logistics facilities in Costa Rica, Colombia and Peru totaling approximately 536,000 square meters (or approximately 5.8 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA’s future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
Barbara Cano / Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
SAN JOSÉ, Costa Rica–(BUSINESS WIRE)–
Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”), announced today its unaudited consolidated financial results for the second quarter ended June 30, 2025 (“second quarter 2025” or “2Q25”). The financial results are expressed in U.S. dollars and are presented in accordance with International Accounting Standard (“IAS”) 34 – Interim Financial Reporting, as issued by the International Accounting Standards Board (“IASB”), which differs in certain significant respects from the U.S. Generally Accepted Accounting Principles (“GAAP”). This information should be read in conjunction with, and is qualified in its entirety by reference to, the Company’s condensed consolidated interim financial statements, including the notes thereto. All comparisons within this announcement are year-over-year (“YoY”), unless otherwise noted. LPA’s financial results are stated in U.S. dollars unless otherwise noted. LPA is a leading developer, owner, acquirer and manager of logistics and industrial real estate of institutional quality in the Americas, and one of the few internally managed, vertically integrated, and institutional platforms operating across the region.
During the second quarter, LPA appointed Eduardo Nakash as Country Manager for Mexico, under the Company’s strategy to establish a strong local presence in the country and capitalize on the growth of its logistics and industrial real estate market. Mr. Nakash has over 18 years of experience in real estate investment, development, and strategic consulting in Latin America. In addition, he holds a bachelor’s degree in industrial engineering from ITAM in Mexico and an MBA from The Wharton School of the University of Pennsylvania.
LPA’s regional and vertically integrated logistics platform delivered another quarter of continuous revenue and NOI growth in the second quarter, while one-time factors hindered this growth slightly. With our operating portfolio 98% leased and with the goal of further exploiting persistent and favorable supply-demand imbalances in our foundational markets, we began construction of a second new building at our strategically-located Parque Logistico Callao in Lima. Both facilities are already substantially pre-leased and are expected to contribute meaningfully to revenue growth starting in late 2025 and into early 2026. This will also enhance LPA’s operating leverage, as SG&A expenses remained relatively flat this quarter and we expect any future SG&A growth to remain controlled and primarily limited to our expanding activities in Mexico.
With the appointment of Eduardo Nakash as Country Manager for Mexico, who will spearhead LPA’s entry into this significantly larger market, we are advancing our long-term growth strategy to expand and scale our unique regional platform. Our focus will be on selectively acquiring and developing logistics facilities to serve both existing regional and global clients, while also attracting new ones. As a reminder, our investment approach in Mexico will remain patient and disciplined, targeting key sub-markets and prioritizing tenant quality, while leveraging the extensive local expertise and deep market knowledge of strategic partners such as Alas.
Looking ahead, strong demographic tailwinds, digital commerce penetration, and resilient general domestic consumption are expected to sustain outsized demand for high-quality logistics space—still in short supply across both our core markets and Mexico. With the right team, strategy, and partners in place, LPA is well-positioned to seize this opportunity, grow long-term income, and unlock meaningful value across our portfolio.
Esteban Saldarriaga
Chief Executive Officer
Real Estate Portfolio
| As of June 30, 2025 | As of December 31, 2024 | As of June 30, 2024 | |
|---|---|---|---|
| Number of operating real estate properties | 31 | 30 | 29 |
| Operating GLA (sq. ft) | 5,292,588 | 5,121,625 | 4,965,171 |
| Leased GLA (sq. ft) | 5,606,033 | 5,637,044 | 4,996,538 |
| Number of tenants | 55 | 57 | 50 |
| Average rent per square foot | $8.07 | $7.79 | $7.87 |
| Weighted average remaining lease term | 5.0 years | 5.1 years | 5.3 years |
| Stabilized occupancy rate (% of GLA) | 94.5% | 98.3% | 94.6% |
Financial Performance Revenues
| For the six months ended June 30 | |||
|---|---|---|---|
| 2025 | 2024 | % Change | |
| Costa Rica | $5,939,710 | $5,992,920 | (0.9)% |
| Colombia | 2,402,263 | 2,019,177 | 19.0% |
| Peru | 3,248,012 | 2,934,997 | 10.7% |
| Unallocated revenue | 102,707 | 39,842 | 157.8% |
| Total revenues | $11,692,692 | $10,986,936 | 6.4% |
Investment Property Operating Expenses
| For the six months ended June 30 | |||
|---|---|---|---|
| 2025 | 2024 | % Change | |
| Costa Rica | $959,226 | $872,246 | 10.0% |
| Colombia | 398,133 | 291,240 | 36.7% |
| Peru | 649,776 | 544,610 | 19.3% |
| Total investment property operating expense | $2,007,135 | $1,708,096 | 17.5% |
Please refer to LPA’s quarterly Supplemental Information and Management Discussion and Analysis, both of which are available on the Company’s Investor Relations website at https://ir.lpamericas.com
When: August 14, 2025, 9:00 a.m. Eastern Time / 8:00 a.m. Central Time
Who: Mr. Esteban Saldarriaga, Chief Executive Officer, Mr. Paul Smith, Chief Financial Officer, and Mr. Camilo Ulloa, Investor Relations
Dial-in: (800) 715-9871 (USA Toll-free), +1 (646) 307-1963 (USA/International)
Passcode: 6436556
Pre-Register: You may pre-register at any time at: https://events.q4inc.com/attendee/177805498. Callers will need to press # to be connected to an operator to access LPA’s financial results conference call via telephone.
Webcast: https://events.q4inc.com/attendee/177805498
A call recording will also be available for replay on LPA’s website for a limited time.
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Central and South America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of June 30, 2025, LPA’s operating and development portfolio was comprised of 33 logistics facilities in Costa Rica, Colombia and Peru totaling approximately 536,000 square meters (or approximately 5.8 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA’s future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
Barbara Cano/Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
