Logistic Properties of the Americas (LPA)
XASE:LPA
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Logistic Properties of the Americas
(NYSE MKT:LPA)
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Rating:53Neutral
Price Target:
$3.50
▼(-11.62% Downside)
Action:Reiterated
Date:05/16/26
The score is primarily limited by mid-range financial performance driven by earnings volatility, elevated leverage, and inconsistent/negative TTM free cash flow. Technical indicators are neutral-to-mixed, providing little momentum support. Valuation is also a headwind due to the negative P/E, with no dividend yield data available to offset concerns.
Positive Factors
Top‑line & NOI Growth
Sustained top‑line growth and outsized NOI expansion indicate durable operating leverage from an expanding, stabilized industrial portfolio. This supports recurring rental cash flows, improves coverage of property costs, and underpins long‑term earnings capacity as assets stabilize and rents normalize higher.
Negative Factors
Elevated Leverage
Leverage materially above equity raises interest and refinancing risk for a capital‑intensive REIT. Elevated debt limits financial flexibility to fund development or absorb valuation declines, making earnings and distributions more sensitive to financing costs and cyclical property valuation swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Top‑line & NOI Growth
Sustained top‑line growth and outsized NOI expansion indicate durable operating leverage from an expanding, stabilized industrial portfolio. This supports recurring rental cash flows, improves coverage of property costs, and underpins long‑term earnings capacity as assets stabilize and rents normalize higher.
Read all positive factors
Logistic Properties of the Americas (LPA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$104.34M
Dividend YieldN/A
Average Volume (3M)28.11K
Price to Earnings (P/E)―
Beta (1Y)-1.25
Revenue Growth16.52%
EPS Growth-81.37%
CountryUS
Employees31
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.10
Shares Outstanding31,617,815
10 Day Avg. Volume31,882
30 Day Avg. Volume28,115
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.34
Price to Sales (P/S)1.72
P/FCF Ratio32.85
Enterprise Value/Market Cap3.81
Enterprise Value/Revenue7.54
Enterprise Value/Gross Profit9.03
Enterprise Value/Ebitda10.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.66
Revenue Forecast (FY)N/A
Logistic Properties of the Americas Business Overview & Revenue Model
Company Description
Logistic Properties of the Americas (LPA) is a leading provider of logistics real estate solutions across North America and Latin America. The company specializes in the development, acquisition, and management of high-quality distribution centers...
How the Company Makes Money
LPA’s primary revenue stream is rental income from leasing logistics/industrial space to tenant customers under lease agreements. Its earnings are also typically supported by reimbursements and pass-through charges where tenants pay some property-...
Logistic Properties of the Americas Earnings Call Summary
Earnings Call Date:Apr 08, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational and financial momentum: double-digit full-year revenue growth, sizable quarter-over-quarter NOI expansion, full portfolio occupancy, rental rate increases, an active development pipeline with high pre-leasing, and a strategic $200M partnership to accelerate Mexico expansion. Offsetting items included a notable decline in valuation gains, rising operating costs, lingering share-price weakness after the lock-up expiration, and macro/policy risks tied to Mexico. On balance, the company presented clear growth drivers and improving capital metrics that outweigh the highlighted challenges.Positive Updates
Revenue Growth (FY and Q4)
Consolidated revenue increased 14.3% in 2025 to $50.1 million; fourth-quarter revenue grew 23.3% year-over-year, led by strong performance in Peru (+31%) and Colombia (+14.8%).
Negative Updates
Share Price Underperformance and Perceived Dislocation
Management acknowledged continued share-price pressure following expiration of the go-public lock-up in September, calling the market valuation a 'significant dislocation' versus fundamentals and committing to increased investor outreach; book value per share was $8.12 at year-end 2025.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue Growth (FY and Q4)
Consolidated revenue increased 14.3% in 2025 to $50.1 million; fourth-quarter revenue grew 23.3% year-over-year, led by strong performance in Peru (+31%) and Colombia (+14.8%).
Read all positive updates
Company Guidance
Guidance for 2026 centers on carrying the strong NOI momentum into the new year — management enters 2026 at 100% occupancy and expects significant rental growth as leases roll to market and new, largely pre‑leased development projects come online (84.1% of development GLA pre‑leased), with several contributions expected in H1 (Building 200 ≈224k sq ft; a shovel‑ready pad ≈210k sq ft; Parque Logístico Callao’s fourth 215k sq ft building on track for Q2, taking the park to ~863k sq ft). The Fortem partnership (roughly $200M to be deployed) provides a pipeline to acquire Central Park 57 (~2.1M sq ft across eight buildings), which would represent a ~36% increase in total operating GLA versus year‑end 2025, while development yields in Peru are anticipated at or around 13%. These growth drivers are expected to build on 2025 operating metrics — revenue $50.1M, cash NOI $40.3M, NOI growth of 29.8% in Q4 and 11.9% for the year, average rent up 11% to $8.65/sq ft, operating GLA 5.8M sq ft (up 13.3%), leased GLA ≈6.0M sq ft (up 6.3%) — with a healthy balance‑sheet position (net debt / investment properties improved 150 bps to 40.2%); funding for Mexico acquisitions is expected via traditional debt, local equity partners, and selective asset recycling.Logistic Properties of the Americas Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
56
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.69M | 50.13M | 43.86M | 39.44M | 31.98M | 25.60M |
| Gross Profit | 44.00M | 40.55M | 36.89M | 34.29M | 26.58M | 21.51M |
| EBITDA | 38.72M | 47.93M | 13.79M | 34.26M | 28.02M | 27.46M |
| Net Income | 3.32M | 10.50M | -29.29M | 3.14M | 8.03M | 4.13M |
Balance Sheet | ||||||
| Total Assets | 703.62M | 700.77M | 607.02M | 590.83M | 497.62M | 477.79M |
| Cash, Cash Equivalents and Short-Term Investments | 28.25M | 27.43M | 23.66M | 32.25M | 12.52M | 13.00M |
| Total Debt | 322.29M | 308.62M | 279.32M | 273.03M | 209.33M | 188.72M |
| Total Liabilities | 383.70M | 376.20M | 336.22M | 329.88M | 263.55M | 240.26M |
| Stockholders Equity | 252.10M | 256.66M | 228.96M | 222.33M | 200.81M | 206.32M |
Cash Flow | ||||||
| Free Cash Flow | -10.42M | 2.62M | 2.65M | -11.34M | -21.45M | -38.50M |
| Operating Cash Flow | 7.98M | 2.77M | 19.39M | 17.20M | 19.61M | 9.85M |
| Investing Cash Flow | -29.09M | -21.39M | -10.73M | -23.20M | -36.48M | -66.86M |
| Financing Cash Flow | 22.16M | 16.89M | -14.69M | 25.98M | 14.80M | 59.26M |
Logistic Properties of the Americas Technical Analysis
Negative
3.96
Price Trends
3.27
Positive
2.99
Positive
3.76
Negative
Market Momentum
>-0.01
Positive
44.55
Neutral
22.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LPA, the sentiment is Negative. The current price of 3.96 is above the 20-day moving average (MA) of 3.44, above the 50-day MA of 3.27, and above the 200-day MA of 3.76, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.55 is Neutral, neither overbought nor oversold. The STOCH value of 22.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LPA.
Logistic Properties of the Americas Risk Analysis
Logistic Properties of the Americas disclosed 81 risk factors in its most recent earnings report. Logistic Properties of the Americas reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Logistic Properties of the Americas Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $7.30B | 27.77 | 6.95% | 4.02% | 9.98% | -2.19% | |
67 Neutral | $3.04B | -2,814.46 | 4.61% | 5.33% | -3.81% | 52.53% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $7.96B | 20.49 | 2.71% | 4.30% | 2.02% | -23.68% | |
55 Neutral | $539.99M | -9.97 | -10.91% | 2.20% | 2.57% | 42.59% | |
53 Neutral | $104.34M | -3.30 | 4.34% | ― | 16.52% | -81.37% |
* Real Estate Sector Average
LPA
Logistic Properties of the Americas
3.27
-3.42
-51.12%
STAG
Stag Industrial
37.71
4.59
13.86%
LXP
LXP Industrial Trust
51.48
12.55
32.25%
REXR
Rexford Industrial Realty
35.01
2.54
7.83%
ILPT
Industrial Logistics Properties
8.26
5.27
176.35%
Logistic Properties of the Americas Corporate Events
Logistic Properties of the Americas Posts Q1 2026 Loss on Property Valuation Hit
May 13, 2026
On May 13, 2026, Logistic Properties of the Americas filed a Form 6-K with the U.S. Securities and Exchange Commission, providing unaudited condensed consolidated interim financial statements as of March 31, 2026 and December 31, 2025. The filing ...
Logistic Properties of the Americas Posts Double‑Digit First‑Quarter Growth and Fully Leased Portfolio
May 13, 2026
On May 13, 2026, Logistic Properties of the Americas reported unaudited first‑quarter 2026 results showing revenue growth of 21.6% and a 28.6% rise in net operating income to $12.1 million, driven by strong performance in Peru, Colombia and ...
Logistic Properties of the Americas Sets Dates for Q1 2026 Earnings Release and Call
Apr 29, 2026
On April 29, 2026, Logistic Properties of the Americas announced the timetable for releasing its first‑quarter 2026 financial results, underscoring its commitment to transparent communication with public market investors. The company will is...
Logistic Properties of the Americas Files 2025 Form 20-F with SEC
Mar 18, 2026
On March 18, 2026, Logistic Properties of the Americas announced it had filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The filing, available via the SEC and the co...
Logistic Properties of the Americas Posts Strong 2025 Results and Expands in Mexico With $200 Million Industrial Deal
Mar 18, 2026
Logistic Properties of the Americas reported audited full‑year 2025 results on March 18, 2026, highlighting a 14.3% rise in revenue to $50.1 million and an 11.9% increase in NOI to $41.0 million, driven by building stabilizations in Peru, re...
Logistic Properties of the Americas to Invest US$200 Million in Mexican Industrial Park via Forward Purchase Deal
Mar 9, 2026
On March 9, 2026, Logistic Properties of the Americas announced a master forward purchase agreement to invest about US$200 million in Class A industrial assets in Tepeji del Río, in Mexico’s State of Hidalgo. Through the agreement, LPA ...
Logistic Properties of the Americas Sets March Dates for Full-Year 2025 Results
Mar 4, 2026
On March 4, 2026, Logistic Properties of the Americas announced the timetable for releasing its full-year 2025 financial results, setting its earnings release for after the market close on March 18, 2026. The company will follow with a conference ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.