Logistic Properties Of The Americas ( (LPA) ) has released its Q1 earnings. Here is a breakdown of the information Logistic Properties Of The Americas presented to its investors.
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Logistic Properties of the Americas (LPA) is a prominent developer, owner, and manager of logistics and industrial real estate across Central and South America, catering to multinational and regional e-commerce retailers, third-party logistics operators, and retail distribution companies.
In the first quarter of 2025, LPA reported a 12.9% increase in revenue, reaching $11.8 million, driven by the stabilization of new buildings in Peru and Costa Rica, as well as positive rental rate growth. The company also announced a significant expansion plan for its Parque Logístico Callao property in Peru.
Key financial highlights include a 6.0% rise in Net Operating Income to $9.4 million, despite a 4.3% decrease in Same-Property Cash NOI due to specific expenses in Costa Rica and Colombia. The occupancy rate stood at 98.0%, with new leases signed in Peru, underscoring strong demand for LPA’s facilities. General and administrative expenses saw a notable increase of 112.1%, primarily due to professional services and share-based compensation.
Looking ahead, LPA remains optimistic about its growth prospects, particularly in Peru and Mexico, where it plans to leverage its strong client relationships and strategic market positioning. The company’s management is confident in its ability to create enduring value for shareholders through continued expansion and development of high-quality logistics facilities.