Logistic Properties of The Americas Q3 revenue rises on rental gains in Peru, Colombia
LPA•Logistic Properties of The Americas reported Q3 revenue of $15.4 million, up 19.3% year over year, and net operating income up 21.1%. Property operating expenses increased 54.6%.
1. Revenue and expenses
Q3 revenue rose 19.3% year over year to $15.4 million, driven by rental gains in Peru and Colombia and new contributions from Mexico. Net operating income increased 21.1% despite a 54.6% rise in property operating expenses. The company said limited supply of logistics facilities enabled higher market rents on renewals and new leases.
2. Sales and expansion plans
The company expects $70 million in net after-tax proceeds from the sale of Calle 80 park in Q4 2026. Vertical construction at its Panamericana Sur park in Peru is expected to begin in Q1 2027. It plans to expand in Mexico, focusing on high-growth sub-markets and stabilized assets.
