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:62Neutral
Price Target:
$4.50
▲(13.64% Upside)
Action:Reiterated
Date:06/19/26
The score is primarily constrained by mid-range financial quality (earnings volatility, elevated leverage, and inconsistent/negative TTM free cash flow). Technicals are supportive with the stock trading above key moving averages and modestly positive momentum, while valuation is a mild drag due to an elevated P/E. Earnings-call commentary was constructive on growth, occupancy, and near-term developments, but tempered by valuation losses and rising financing costs.
Positive Factors
Strong revenue and NOI growth
Sustained top-line expansion and outsized NOI growth reflect operating leverage from new and same-property performance. Over 2–6 months this signals durable demand for modern logistics space, improving recurring cash flows and supporting reinvestment or de‑risked development funding.
Negative Factors
Elevated leverage relative to equity
Debt above equity increases interest‑rate sensitivity and constrains financial flexibility for opportunistic acquisitions. Over the medium term it raises refinancing and covenant risk, limits ability to absorb further valuation swings, and can force reliance on non‑organic funding or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and NOI growth
Sustained top-line expansion and outsized NOI growth reflect operating leverage from new and same-property performance. Over 2–6 months this signals durable demand for modern logistics space, improving recurring cash flows and supporting reinvestment or de‑risked development funding.
Read all positive factors
Logistic Properties of the Americas (LPA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$120.78M
Dividend YieldN/A
Average Volume (3M)28.11K
Price to Earnings (P/E)37.6
Beta (1Y)0.51
Revenue Growth16.52%
EPS Growth-81.37%
CountryUS
Employees36
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
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 Cap3.26
Enterprise Value/Revenue7.46
Enterprise Value/Gross Profit8.88
Enterprise Value/Ebitda10.34
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.13
Revenue Forecast (FY)$55.05M
Logistic Properties of the Americas Business Overview & Revenue Model
Company Description
Logistic Properties of the Americas develops, own, manages, and operates industrial and logistics real estate properties in Costa Rica, Colombia, Peru, and Mexico. The company serves third party logistics, retailer, consumer goods distribution, an...
How the Company Makes Money
null...
Logistic Properties of the Americas Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call presents a largely positive operational and financial performance with robust revenue growth (+21.6%) and NOI expansion (+28.6%), strong same-property metrics (same-property NOI +10.9%, rent/ft +9.8%), full occupancy, de-risked near-term developments and a material strategic expansion into Mexico via a $200M Fortem partnership. Offsetting items include a meaningful Q1 valuation loss ($9.2M) driven by Colombia assumption changes, a one-time Colombian emergency tax (~$400k), higher financing and G&A costs, and a disconnect between market price and book value. On balance, the company demonstrated constructive growth, disciplined capital plans and a healthy balance sheet, while acknowledging discrete, addressable headwinds.Positive Updates
Strong Top-Line and NOI Growth
Revenue increased 21.6% year-over-year while Net Operating Income (NOI) grew 28.6%, reflecting operating leverage across the cross-border logistics platform.
Negative Updates
Investment Property Valuation Loss
Recorded an investment property valuation loss of $9.2 million in Q1 2026 (versus a $1.9 million gain in Q1 2025), primarily due to assumption-driven adjustments: a $7.2M reduction in Colombia, $2.3M in Callao (Peru), $1.1M in Callao 2 (Costa Rica) and $0.6M related to CapEx.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line and NOI Growth
Revenue increased 21.6% year-over-year while Net Operating Income (NOI) grew 28.6%, reflecting operating leverage across the cross-border logistics platform.
Read all positive updates
Company Guidance
Management guided continued 2026 growth driven by Mexico expansion and the completion of Peruvian developments, backing this with Q1 metrics: revenue +21.6%, NOI +28.6%, same‑property cash NOI +10.9%, average rent/sq ft +9.8% to $8.74, 100% occupancy, operating GLA 5.8M sqft (+9.7%), lease GLA 6.2M sqft (+6.9%) and development GLA 440k sqft (92% pre‑leased). They expect the two Callao buildings (440k sqft combined) to be finished in Q2–Q3 and add ~ $3.2M of annualized revenue, one remaining 210k sqft pad to be pre‑leased at ~13% yields, and to acquire ~ $200M of dollar‑denominated Central Park 57 assets (≈36% of current operating GLA) beginning in Q2–Q3 funded by debt, local equity and capital recycling; net debt/IP is 42.1%. Other Q1 finance metrics included Peru revenue +39.9%, Colombia revenue +24.8% (ex‑FX +8.3% to $2.6M), Costa Rica +3.3%, an investment‑property valuation loss of $9.2M, financing costs $5.9M, G&A $4.0M, operating expenses $2.2M, a ~$400k one‑time Colombian tax, and a book value of roughly $8.00/share, while management emphasized disciplined, capital‑efficient deployment and recycling of assets developed at ~11–12% yields into sales in the ~7–8% range.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 | 44.31M | 40.55M | 36.89M | 34.29M | 26.58M | 21.51M |
| EBITDA | 38.03M | 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
Positive
3.96
Price Trends
3.33
Positive
3.07
Positive
3.37
Positive
Market Momentum
0.18
Negative
63.96
Neutral
69.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LPA, the sentiment is Positive. The current price of 3.96 is above the 20-day moving average (MA) of 3.22, above the 50-day MA of 3.33, and above the 200-day MA of 3.37, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 63.96 is Neutral, neither overbought nor oversold. The STOCH value of 69.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $7.54B | 30.56 | 6.95% | 4.02% | 9.98% | -2.19% | |
66 Neutral | $7.75B | 37.75 | 2.71% | 4.30% | 2.02% | -23.68% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $3.28B | 37.07 | 4.61% | 5.33% | -3.81% | 52.53% | |
62 Neutral | $120.78M | 37.56 | 1.35% | ― | 16.52% | -81.37% | |
57 Neutral | $618.66M | -11.36 | -10.91% | 2.20% | 2.57% | 42.59% |
* Real Estate Sector Average
LPA
Logistic Properties of the Americas
3.82
-3.01
-44.07%
STAG
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39.42
4.25
12.08%
LXP
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55.60
16.09
40.72%
REXR
Rexford Industrial Realty
34.35
>-0.01
-0.02%
ILPT
Industrial Logistics Properties
9.28
4.89
111.20%
Logistic Properties of the Americas Corporate Events
Logistic Properties of the Americas Sells Key Peruvian Logistics Park to FIBRA Prime, Redirects Capital to Mexico
Jun 17, 2026
On June 17, 2026, Logistic Properties of the Americas announced it would sell Parque Logístico Lima Sur, a 1.3 million‑square‑foot logistics park in Lima’s Lurín submarket, to Peruvian REIT FIBRA Prime for US$145 millio...
Logistic Properties of the Americas Showcases Strategy at New York Small-Cap Conference
Jun 8, 2026
Logistic Properties of the Americas is a leading developer, owner and manager of institutional-grade industrial and logistics real estate in high-growth, high-barrier-to-entry markets across Latin America. Its 36-facility portfolio, spanning about...
Logistic Properties of the Americas Gains BTG Pactual Research Coverage
May 26, 2026
On May 26, 2026, Logistic Properties of the Americas announced that investment bank BTG Pactual has initiated equity research coverage of the company. Management expects BTG’s broad reach among institutional investors in the U.S., Europe, an...
Logistic Properties of the Americas Expands Scharff Lease at Key Callao Logistics Park
May 21, 2026
On May 21, 2026, Logistic Properties of the Americas announced it had expanded an existing lease with Scharff Logística Integrada at Building 100 in Parque Logístico Callao, adjacent to Jorge Chávez International Airport in Callao, ...
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...
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.