Logistic Properties Of The Americas ( (LPA) ) has released its Q4 earnings. Here is a breakdown of the information Logistic Properties Of The Americas presented to its investors.
Logistic Properties of the Americas (LPA) is a prominent developer, owner, and manager of logistics and industrial real estate in Central and South America, focusing on high-growth and high-barrier-to-entry markets. The company serves multinational and regional e-commerce retailers, third-party logistics operators, and retail distribution companies.
The company reported an 11.2% increase in revenue for the fiscal year 2024, reaching $43.8 million. This growth was driven by additional rental income from newly stabilized buildings and increased rental rates, despite some revenue offsets from property divestments and vacancies.
Key financial highlights include a 7.1% rise in Net Operating Income to $36.6 million and a Same-Property Cash NOI increase of 5.0%. The occupancy rate slightly decreased to 98.3%, with significant new leases signed in Colombia and Peru. General and Administrative expenses saw a significant rise due to increased compliance costs and a new compensation plan.
The company achieved full occupancy in early 2025 and secured a $25 million loan to fund warehouse construction in Lima, Peru. LPA also continued its share repurchase program, reflecting confidence in its value proposition.
Looking forward, LPA aims to leverage its strong market position and strategic investments to drive long-term growth. The company remains focused on expanding its footprint in foundational markets and exploring opportunities in Mexico, maintaining a disciplined investment approach.