Logistic Properties of the Americas Q3 revenue rises on rental gains in Peru, Colombia

Logistic Properties of The Americas

10/11/2026 21:38

Overview
Latin America logistics real estate firm's Q3 revenue rose 19.3% yr/yr to $15.4 mln
Net operating income rose 21.1% despite a 54.6% increase in property operating expenses
Company advanced capital-light strategy with asset sales and new development projects

Outlook
Company expects $70 mln net after-tax proceeds from Calle 80 park sale in Q4 2026
Vertical construction at Panamericana Sur park in Peru expected to start in Q1 2027
Company plans to expand in Mexico, focusing on high-growth sub-markets and stabilized assets

Result Drivers
RENTAL REVENUE GROWTH - Strong rental revenue gains in Peru and Colombia, and new contributions from Mexico, drove overall revenue increase
HIGHER RENTAL RATES - Company said limited supply of logistics facilities enabled higher market rents through renewals and new leases
OPERATING LEVERAGE - Increased costs from new facilities were offset by greater rental revenue, resulting in improved operating leverage

Company press release: ID:nBw6twzfGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$15.40 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Logistic Properties of The Americas is $7.00, about 197.9% above its November 9 closing price of $2.35
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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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.)