Logistic Properties of the Americas reported audited FY25 results, showing revenue of $50.1 million, up 14.3% year‑over‑year, and net operating income of $41.0 million, up 11.9% year‑over‑year, marking a return to profitability after a net loss in 2024.
Revenue growth was driven by building stabilizations in Peru, rental rate increases in Colombia and Peru, and $0.7 million in rental income from two Mexican properties acquired in August 2025. NOI expansion mirrored these drivers, reflecting higher occupancy and rent growth across the portfolio.
The company achieved 100% stabilized occupancy across its portfolio, covering Costa Rica, Colombia, Peru, and Mexico, and reported an average rent per square foot of $8.65, an 11% increase from the prior year, underscoring pricing power in a nearshoring‑driven market.
Management highlighted the strategic expansion into Mexico, citing the $200 million forward purchase agreement for Class A industrial assets as a key growth lever. The pre‑leased development pipeline, now 84.1% occupied, positions LPA to sustain earnings momentum into 2026.
LPA’s ESG framework remains a core component of its operations, with sustainability initiatives integrated across all properties. The company’s focus on institutional‑quality logistics assets in high‑growth Latin American markets continues to support its long‑term value creation strategy.
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