Mid-Teen Revenue Growth
The international logistics platform delivered mid-teen revenue growth, driven by Peru and Colombia, with a 14.3% revenue increase in the third quarter.
Mexico Expansion
Mexico contributed to the revenue increase with the acquisition of two logistics facilities in Puebla, marking the first of many expected investments in this large market.
High Occupancy Levels
The company ended the quarter with 98% of GLA under contract, highlighting strong market strength and customer relationships.
Decreased SG&A Costs
SG&A costs decreased by 5% year-over-year, contributing to meaningful operating leverage.
NOI Growth
Third quarter NOI increased by 8.7% to $10.4 million, with a cumulative increase of 6.2% over the first nine months of 2025, reaching $29.4 million.