Welcome to our dedicated page for Logistic Properties news (Ticker: LPA), a resource for investors and traders seeking the latest updates and insights on Logistic Properties stock.
Logistic Properties of the Americas (LPA) delivers modern warehouse logistics solutions across Central and South America, specializing in Class A properties within high-demand markets. This page provides investors and industry professionals with a comprehensive repository of official company announcements and market developments.
Access curated press releases detailing LPA's strategic acquisitions, financial results, and portfolio expansions. Our collection focuses on material updates including property development milestones, management initiatives, and market positioning strategies within the logistics real estate sector.
All content is verified for accuracy and relevance, offering insights into LPA's operations in regions with significant supply-demand imbalances. Bookmark this page to efficiently track the company's progress in developing mission-critical logistics infrastructure while navigating complex emerging markets.
Logistic Properties of the Americas (NYSE American: LPA), a leading developer and manager of Class A industrial and logistics real estate in Central and South America, has scheduled its Fourth Quarter and Full-Year 2024 financial results announcement.
The company will release its earnings report on Wednesday, April 2, 2025, after market close. A conference call will follow on Thursday, April 3, 2025, at 9:00 a.m. ET (8:00 a.m. CT). Investors can participate by dialing (888) 672-2415 for North American toll-free access or +1 (646) 307-1952 for international calls, using Conference ID: 6436556. A webcast will be available, and a recording will be accessible on LPA's website for a time.
Logistic Properties of the Americas (NYSE American: LPA) has achieved 100% occupancy across its operating portfolio following a new lease agreement for 71,580 square feet at Building 400 in Parque Logistico Lima Sur (PLS) in Peru. The tenant is a global logistics provider operating in over 100 countries, specializing in consumer goods, e-commerce, and pharmaceuticals.
PLS comprises six Class A buildings with 1,519,300 square feet of total Gross Leasable Area, all leased in US dollars. Located in Lima's Lurin district, the facility features sustainable elements including a grey water treatment and recycling system. The park has received two final EDGE certifications from GBCI, with Building 200 achieving EDGE Advanced certification.
Logistic Properties of the Americas (NYSE American: LPA) has announced its upcoming participation in Citi's 2025 Global Property CEO Conference. The company's management team is scheduled to take part in a panel discussion on Monday, March 3, 2025, at 10:15 AM ET.
During the conference, LPA will engage in individual meetings with investors. The company will make conference materials available to the public through the 'News & Presentations' section of their investor relations website at https://ir.lpamericas.com.
Logistic Properties of the Americas (NYSE American: LPA) has announced full occupancy of Building 100 at their Parque Logístico Callao (PLC) facility in Lima, Peru, following a new five-year USD-denominated lease for 63,103 square feet with a Grupo Intercorp subsidiary. The lease brings PLC's existing 421,321 square feet of Gross Leasable Area (GLA) to 100% occupancy.
Upon completion, PLC will comprise four Class A buildings totaling 1,044,432 square feet of GLA. The facility, located next to Jorge Chávez International Airport, is designed to meet EDGE certification standards, with some buildings targeting LEED Gold certification. The project is expected to generate 300 construction jobs and 1,000 operational jobs when fully completed.
Logistic Properties of the Americas (NYSE American: LPA) has announced a new share repurchase program authorized by its Board of Directors. The program allows for the buyback of up to $10 million of outstanding ordinary shares over a 12-month period, effective November 22, 2024. The repurchases will be funded through cash from operations and executed under a 10b5-1 plan. CEO Esteban Saldarriaga stated this initiative reflects confidence in the business strength and aims to address current market dislocation while highlighting the company's dollar-denominated real assets and platform value.
Logistic Properties of the Americas (NYSE American: LPA) has signed a USD-denominated lease for 41,226 square feet at Parque Logístico Callao with a leading third-party logistics provider in Peru. This brings the facility's occupancy to 85.9% of its 418,543 square feet currently under construction. The master-planned Class A logistics park, located near Jorge Chávez International Airport in Lima, will ultimately comprise four buildings totaling 1,044,432 square feet. The project aims for EDGE certification with some buildings targeting LEED Gold certification and is expected to create 300 construction jobs and 1,000 operational jobs when completed.
Logistic Properties of the Americas (NYSE American: LPA) reported strong Q3 2024 financial results with revenue increasing 10.4% to $11.3 million. The growth was driven by increases of 26.4% in Peru and 9.5% in Costa Rica, offsetting a 7.1% decline in Colombia. Net Operating Income rose 10.3% to $9.6 million, while the operating portfolio achieved a 98.5% leased rate. Net Earnings reached $4.9 million, a 266% increase from Q3 2023, with earnings per share rising to $0.16 basic and $0.15 diluted. The company secured new leases with notable tenants including Porsche and DSV, achieving an average rate increase of 28%. Average rent per square foot increased by 4.9% year-over-year to $7.92.
Logistic Properties of the Americas (NYSE American: LPA) has announced a strategic partnership with Falcon, a leading Mexican real estate developer. This partnership marks LPA's entry into the Mexican market and includes the addition of two operating properties with a combined gross lease area of 257,677 square feet, anchored by DHL as a tenant. The deal, expected to close in early 2025, grants LPA access to Falcon's extensive experience and network in Mexico's industrial and logistics market. This move aims to enhance LPA's regional presence and develop top-tier logistics solutions for new clients in Mexico, supporting the company's expansion strategy in Latin America. CEO Esteban Saldarriaga highlighted the alliance's potential to deliver long-term value to investors and provide best-in-class logistics solutions. Falcon's Co-CEO Francisco Alvarez Rojo emphasized the combined strengths in developing and operating world-class industrial and logistics real estate. This partnership reinforces LPA's commitment to regional economic growth and sustainability initiatives.
Logistic Properties of the Americas (NYSE American: LPA), a leading developer and manager of Class A industrial and logistics real estate in Central and South America, has scheduled its Third Quarter 2024 financial results announcement. The earnings release will be issued after market close on Wednesday, November 13, 2024, followed by a conference call on Thursday, November 14, 2024 at 9:00 a.m. ET. Investors can participate via phone using toll-free and international numbers, or through a webcast available on the company's website.
Logistic Properties of the Americas (NYSE American: LPA) reported strong Q2 2024 financial results, with 10% year-over-year revenue growth to $11.0 million. Key highlights include:
- Operating portfolio occupancy at 94.6%
- Average rent per square foot increased 11.3% YoY to $7.87
- Net Operating Income (NOI) grew 6.2% to $9.2 million
- Net Earnings reached $9.9 million, compared to a $4.8 million loss in Q2 2023
- Earnings per Share of $0.31, up from a loss of $0.17 in Q2 2023
LPA successfully refinanced a $60 million facility for La Verbena Logistics Park, lowering interest rates and extending maturity. The company's operating GLA increased 7.5% to 5.0 million square feet in H1 2024.
