Logistic Properties of the Americas ( (LPA) ) has shared an announcement.
On April 2, 2025, Logistic Properties of the Americas announced its financial results for the year ending December 31, 2024, reporting an 11.2% increase in revenue to $43.8 million. This growth was driven by additional rental income from newly stabilized buildings and increased rental rates, despite some revenue offsets from a tactical divestment and vacancies. The company achieved a 98.3% occupancy rate and signed significant lease agreements with major companies. LPA also repurchased shares and entered a $25 million loan agreement to finance new warehouse construction in Lima, Peru. The company remains focused on expanding its logistics platform in underpenetrated markets, with strategic investments in Mexico and continued growth in its foundational markets.
More about Logistic Properties of the Americas
Logistic Properties of the Americas (LPA) is a leading developer, owner, acquirer, and manager of logistics and industrial real estate in the Americas. The company operates as an internally managed, vertically integrated platform, focusing on institutional quality facilities across the region, with a notable presence in Costa Rica, Colombia, and Peru.
YTD Price Performance: -17.66%
Average Trading Volume: 12,154
Technical Sentiment Signal: Strong Buy
Current Market Cap: $283.7M
Learn more about LPA stock on TipRanks’ Stock Analysis page.