Quarterly ResultMay 19, 2026, 05:07 PM
Logistic Properties Q1 Loss $(7.57)M; Revenue +21.6%
AI Summary
Logistic Properties of the Americas reported a net loss of $(7.57) million for Q1 2026, a significant decline from a profit of $1.06 million in Q1 2025, primarily driven by a $(9.25) million investment property valuation loss. Despite the loss, total revenues increased by 21.6% to $14.40 million, with rental revenue up 22.1% to $14.36 million. The company maintained a 100.0% stabilized occupancy rate across its expanded portfolio of 34 properties, totaling 5.8 million square feet of operating GLA.
Key Highlights
- Q1 2026 net loss was $(7.57) million, compared to a profit of $1.06 million in Q1 2025.
- Total revenues increased 21.6% to $14.40 million in Q1 2026 from $11.84 million in Q1 2025.
- Rental revenue grew 22.1% to $14.36 million in Q1 2026 from $11.76 million in Q1 2025.
- Investment property valuation swung to a loss of $(9.25) million in Q1 2026 from a gain of $1.92 million in Q1 2025.
- Basic EPS was $(0.25) in Q1 2026, worsening from $(0.02) in Q1 2025.
- Operating GLA increased to 5.80 million sq ft as of March 31, 2026, from 5.29 million sq ft in Q1 2025.
- Stabilized occupancy rate remained at 100.0% as of March 31, 2026, up from 98.0% in Q1 2025.
- Net cash from operating activities decreased to $0.91 million in Q1 2026 from $4.84 million in Q1 2025.
Price Impact
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