Logistic Properties of the Americas Reports 14.3% Revenue Growth and $200M Mexico Asset Purchase
Full-year revenues rose 14.3% to $50.1 million and NOI increased 11.9% to $41.0 million, with operating GLA up 13.3% to 5.8M sq ft and 100% occupancy. The firm signed a ~$200M forward purchase for industrial assets in Mexico and filed its FY25 Form 20-F.
1. FY25 Financial Results
Logistic Properties of the Americas delivered 14.3% top-line growth in 2025, lifting revenues to $50.1 million and driving net operating income up 11.9% to $41.0 million. Profit for the year reached $16.1 million, reversing a $19.4 million loss in 2024 after non-recurring listing expenses.
2. Operating Portfolio Metrics
Operating gross leasable area expanded 13.3% to 5.8 million square feet across 34 properties, with average rent rising 11.0% to $8.65 per sq ft and stabilized occupancy hitting 100.0%. New leases and renewals totaled 668, , ,030 square feet across Peru, Costa Rica and Colombia, underpinning cash NOI growth.
3. Mexico Forward Purchase Agreement
On March 9, 2026 the company entered a forward purchase agreement for a portfolio of Class A industrial assets in Tepeji del Río, Hidalgo, Mexico, representing a ~$200 million investment. The deal grants progressive acquisition of stabilized buildings within Central Park 57, anchored by DHL and poised to add 153,400 sq ft upon first building stabilization.
4. Form 20-F Filing
The company filed its Annual Report on Form 20-F for FY25, detailing audited consolidated IFRS financial statements and a portfolio of 35 logistics facilities totaling approximately 6.0 million sq ft across Costa Rica, Colombia, Peru and Mexico.