Logistic Properties of the Americas to Ring Opening Bell at New York Stock Exchange

Rhea-AI Summary

Logistic Properties of the Americas (LPA), a top developer and manager of Class A industrial and logistics real estate in Central and South America, will ring the Opening Bell at the New York Stock Exchange (NYSE) on May 30, 2024. This event celebrates their public listing following a business combination with TWOA. CEO Esteban Saldarriaga stated that the NYSE listing enhances their access to capital, allowing further expansion to capitalize on significant nearshoring and e-commerce trends in Latin America. The bell-ringing will be live-streamed and shared on multiple social media platforms.

Positive

• The NYSE listing offers LPA greater access to capital, essential for expansion.
• LPA can capitalize on strong nearshoring and e-commerce trends in Latin America.
• LPA's properties are certified EDGE, ensuring high standards and sustainability.
• Joining NYSE places LPA among leading global companies, enhancing reputation and visibility.

Negative

• No specific financial or operational benchmarks announced regarding the NYSE listing.
• Potential for market volatility affecting the stock's initial performance post-listing.

SAN JOSÉ, Costa Rica--(BUSINESS WIRE)-- Logistic Properties of the Americas (“LPA” or the “Company”), a leading developer, owner and manager of institutional quality, Class A industrial and logistics real estate in Central and South America, today announced that it will ring the Opening Bell at the New York Stock Exchange (“NYSE”) on May 30, 2024, to celebrate the Company’s public listing that followed its previously disclosed business combination with TWOA.

Esteban Saldarriaga, CEO of LPA, said, “LPA’s listing on the NYSE has given us greater access to capital to expand our vertically integrated industrial and logistics real estate platform to further capitalize on Latin America’s significant nearshoring and e-commerce tailwinds. We are proud to join many of the world’s leading companies on the NYSE, some of which we serve with LPA’s premium, EDGE certified properties in strategic locations in the region’s high-growth markets.”

Mr. Saldarriaga will be joined by members of LPA’s senior leadership team and other colleagues to ring the Opening Bell at 9:30 a.m. ET. The event will be posted on LinkedIn, X and YouTube at this time as well as live stream at https://www.nyse.com/bell.

About Logistic Properties of the Americas

Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality, Class A industrial and logistics real estate in Central and South America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies. LPA’s strong customer relationships and insight is expected to enable future growth through the development and acquisition of high-quality, strategically located facilities in its target markets. As of December 31, 2023, LPA consisted of an operating and development portfolio of thirty-four logistic facilities in Colombia, Peru and Costa Rica totaling more than 491,000 square meters (or approximately 5.3 million square feet) of gross leasable area.

Forward-Looking Statements

This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA's future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA's control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA's actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.

Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240530383985/en/

Media Relations:

Zach Kouwe / Kendal Till

Dukas Linden Public Relations

+1 646-722-6533

LLP@dlpr.com



Investor Relations:

Jennifer Carranza

Logistic Properties of the Americas

+506 2204-7020

ir@lpamericas.com



Barbara Cano

InspIR Group

+1 917 861 2530

barbara@inspirgroup.com

Source: Logistic Properties of the Americas

FAQ

When will Logistic Properties of the Americas ring the NYSE Opening Bell?

Logistic Properties of the Americas will ring the NYSE Opening Bell on May 30, 2024.

Why is Logistic Properties of the Americas ringing the NYSE Opening Bell?

To celebrate the company's public listing following its business combination with TWOA.

What benefits does LPA expect from its NYSE listing?

LPA expects greater access to capital, enabling expansion and capitalizing on nearshoring and e-commerce trends in Latin America.

What is the ticker symbol for Logistic Properties of the Americas?

The ticker symbol for Logistic Properties of the Americas is LPA.

Where can I watch the LPA NYSE bell-ringing event?

The event will be live-streamed on the NYSE website and shared on LinkedIn, X, and YouTube.