Quarterly ResultAug 12, 2026, 04:32 PM
Logistic Properties Q2 Revenue +26.1% to $14.7M; NOI +27.0%
AI Summary
Logistic Properties of the Americas (LPA) reported strong second quarter 2026 earnings, with total revenue growing 26.1% to $14.7 million and Net Operating Income (NOI) increasing 27.0% to $12.2 million. The company also announced a strategic alliance with FIBRA Prime, including the pending $145.0 million divestment of Parque Logístico Lima Sur, expected to yield $85.0 million in net proceeds. Operational highlights include 100.0% occupancy and a 9.7% increase in operating GLA.
Key Highlights
- Announced pending $145.0 million divestment of Parque Logístico Lima Sur.
- Expected to generate approximately $85.0 million in net proceeds from divestment.
- Total revenue increased 26.1% year-over-year to $14.7 million in Q2 2026.
- Net Operating Income (NOI) increased 27.0% to $12.2 million in Q2 2026.
- Same-Property Cash NOI increased 15.6% to $9.9 million on a constant-currency basis.
- Operating GLA increased 9.7% to 5.8 million square feet across 34 properties.
- Occupancy rate in the operating portfolio was 100.0% as of June 30, 2026.
- General and administrative expenses decreased 8.7% to $4.2 million.
Price Impact
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