Logistic Properties of the Americas Q2 net operating income jumps, partly on higher rental rates

Logistic Properties of The Americas

12/08/2026 21:40

Overview
Latin America logistics real estate developer's Q2 revenue grew 26% yr/yr
Net operating income for Q2 rose 27% yr/yr, driven by higher rental revenue
Company during qtr announced pending $145 mln asset sale, expected to generate $85 mln net proceeds

Outlook
Company says resilient domestic consumption and e-commerce adoption support mid- and long-term demand
About 92% of the 440,383-sq-ft development pipeline is pre-leased, providing visibility into future revenue
Pending $145 mln asset sale expected to increase flexibility to fund growth, mainly in Mexico

Result Drivers
PERU LEASE-UP - Revenue growth in Peru was led by PepsiCo's lease at Callao Logistics Park and rapid lease-up of vacated space
COLOMBIA LEASING AND FX - Colombia rental revenue rose due to new leasing, contractual inflation adjustments, and favorable foreign exchange movements
HIGHER OCCUPANCY AND RENT - Same-property cash NOI rose on higher rental rates and increased occupancy, with average rent per square foot up 10% and occupancy at 100%

Company press release: ID:nBw81jSlra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$14.74 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Logistic Properties of The Americas is $7.00, about 133.3% above its August 11 closing price of $3.00

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)