Earnings ·
Reports Q3 revenue up 19.3% to $15.4M as NOI rises 21.1% to $12.6M
LPALogistic Properties of the Americas
Logistic Properties of the Americas reported third-quarter 2026 total revenue of $15.4 million, a 19.3% increase year-over-year, driven by a 26.1% rise in rental revenue to $15.3 million. Net Operating Income (NOI) grew 21.1% to $12.6 million, supported by strong leasing activity in Peru and Colombia where rental revenues increased 45.1% and 45.7%, respectively. The company maintained a stabilized occupancy rate of 100.0% across its operating portfolio, with average annual rent per square foot increasing 10.6% to $9.00. General and administrative expenses rose 3.5% to $4.7 million. Additionally, the company advanced its capital-light strategy by closing a $145 million transaction for its Lima Sur park and announcing agreements to sell parks in Costa Rica and Colombia for $6.7 million and $152 million, respectively. Logistic Properties of the Americas is a leading developer, owner, acquirer, and manager of institutional-quality logistics and industrial real estate across Latin America.