Logistic Properties of the Americas (LPA) Earnings Call Transcripts

Logistic Properties of the Americas's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Logistic Properties of the Americas (LPA) reported a robust revenue increase of 21.6% year-over-year, reaching $15.4 million, while net operating income (NOI) surged 28.6% to $11.7 million. The strong performance was driven by accelerated growth in Peru and Colombia, with same-property NOI rising 10.9%. Management maintained a positive outlook, highlighting continued demand for Class A logistics facilities and strategic expansion into Mexico, although they noted challenges from a one-time emergency tax in Colombia. No guidance changes were explicitly mentioned, but management indicated confidence in sustaining momentum throughout the year.

Reported metrics

Guidance from management

Management expressed confidence in sustaining growth momentum throughout the year, particularly in Mexico, but did not provide specific numerical guidance adjustments.

What management said

Wonderful question as well. Give me one second. Yes. Thank you. We were getting some echo here. The -- what we're seeing in terms of -- you're absolutely right, that portfolio is 100% occupied. And in terms of the re-leases, we are seeing some increases from the mark-to-market releases. I would say the spreads are being closer to double digits in terms of the release spreads. And we will announce, obviously, as they ...

What analysts pressed on

Analysts expressed concerns regarding the emergency tax impact in Colombia and its potential long-term effects on profitability. There were also questions about the valuation loss and how it might affect future asset valuations.

Main topics on the call

• Strong Revenue Growth — LPA's revenue grew by 21.6% year-over-year, driven by strong performance in Peru and Colombia. Management stated, "This growth wasn't just about portfolio expansion," highlighting same-property NOI growth of 10.9%.
• Expansion into Mexico — LPA is strategically expanding into Mexico, with plans to acquire approximately $200 million in Class A assets. Management noted, "Mexico will become an increasingly stronger contributor to both revenue and NOI growth," ...
• Impact of Emergency Tax in Colombia — A one-time emergency tax in Colombia impacted results by approximately $400,000. Management explained, "We remain constructive on the landscape," as the tax is currently under review by the Colombian Supreme Court.
• Occupancy and Pricing Power — LPA achieved 100% occupancy across its portfolio, with average rent per square foot increasing by 9.8%. Management emphasized, "These numbers underscore the strength of our business model and disciplined execution."

Read the full Logistic Properties of the Americas transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Logistic Properties of the Americas earnings call transcripts on record, spanning August 15, 2024 to May 14, 2026. Based on this history, Logistic Properties of the Americas reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LPA

Exchange

NYSEAM

Country

US

Sector

Real Estate

Industry

Real Estate Management and Development

Calls on record

8

First call

August 15, 2024

Most recent

May 14, 2026

Reporting cadence

quarterly