Quarterly ResultMay 13, 2026, 04:32 PM
Logistic Properties Q1 Revenue +21.6% to $14.4M; Reports $(7.6)M Loss
AI Summary
Logistic Properties of the Americas reported a 21.6% increase in total revenues, reaching $14.4 million for the first quarter of 2026, up from $11.8 million in Q1 2025. Despite strong revenue growth and a 100% stabilized occupancy rate, the company posted a net loss of $7.6 million, a significant shift from a $1.1 million profit in the prior year period. This loss was primarily driven by a $9.2 million investment property valuation loss, resulting in basic EPS of $(0.25) compared to $(0.02) in Q1 2025.
Key Highlights
- Total revenues increased 21.6% to $14.4 million for the three months ended March 31, 2026.
- The company reported a net loss of $7.6 million for the period, compared to a $1.1 million profit in Q1 2025.
- Basic earnings per share was $(0.25), a decline from $(0.02) in the prior year period.
- Investment property valuation shifted from a $1.9 million gain in Q1 2025 to a $9.2 million loss in Q1 2026.
- Operating GLA grew 9.7% to 5.8 million square feet as of March 31, 2026.
- The stabilized occupancy rate remained at 100.0% as of March 31, 2026.
- Average rent per square foot increased 9.8% to $8.74 as of March 31, 2026.
- Net cash provided by operating activities decreased to $0.9 million from $4.8 million in Q1 2025.