Logistic Properties of the Americas (LPA)
XASE:LPA
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.04Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
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.Company Guidance
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.
Same-Property Performance and Rent Appreciation
Same-property NOI rose 10.9% and average rent per square foot climbed 9.8% to $8.74, demonstrating pricing power in underserved markets.
High Occupancy and Portfolio Expansion
The platform remained 100% occupied in Q1; operating GLA increased 9.7% to 5.8 million sq ft and lease GLA rose 6.9% to 6.2 million sq ft following the addition of 3 properties since Q1 2025.
Strong Country-Level Performance (Peru and Colombia)
Peru revenue surged 39.9% driven by new stabilized buildings and leasing; Colombia revenue increased 24.8% (or +8.3% excluding favorable FX) driven by mark-to-market re-leasing and CPI-linked escalations.
Strategic Mexico Expansion via Fortem Partnership
Agreement with Fortem Capital will acquire approximately $200 million of stabilized dollar-denominated Class A assets within Central Park 57 over time; Central Park 57 is equivalent to ~36% of current operating GLA, materially expanding LPA's Mexico footprint.
Development Pipeline De-Risked and Near-Term Revenue
Two Callao facilities under construction (combined 440,000 sq ft) are 92% pre-leased, on schedule for Q2/Q3 completion, and expected to generate roughly $3.2 million in annualized revenue; one remaining shovel-ready pad of ~210,000 sq ft expected to pre-lease at ~13% yields.
Operating Expense Improvement
First quarter operating expenses decreased 4.1% to $2.2 million, driven by collection recoveries and a reduction in property taxes versus a one-time previous adjustment.
Healthy Leverage Profile
Net debt to investment properties is 42.1% with largely dollar-denominated debt and no significant near-term maturities, supporting financial flexibility.
Customer Base and Cross-Border Solutions
High-quality, diversified tenant roster (e.g., PepsiCo, PriceSmart, Kuehne+Nagel, Natura) and demonstrated ability to offer multi-market solutions to international customers, supporting recurring demand.
Capital Recycling Strategy to Enhance Returns
Management plans to recycle mature, stabilized assets developed in foundational markets (Colombia, Peru) — historically developed at ~11-12% yields — to monetize at lower cap rates (targeting ~7-8%) and redeploy into higher-return Mexico opportunities.
Logistic Properties of the Americas (LPA) Earnings, Revenues Date & History
LPA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LPA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $3.37 | $3.36 | -0.30% |
Apr 08, 2026 | $3.33 | $3.36 | +0.90% |
Nov 14, 2025 | $3.40 | $3.18 | -6.47% |
Aug 13, 2025 | $6.41 | $6.06 | -5.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Logistic Properties of the Americas (LPA) report earnings?
Logistic Properties of the Americas (LPA) is schdueled to report earning on Aug 19, 2026, After Close (Confirmed).
What is Logistic Properties of the Americas (LPA) earnings time?
Logistic Properties of the Americas (LPA) earnings time is at Aug 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is LPA EPS forecast?
Currently, no data Available