Logistic Properties SEC Filings

Logistic Properties of the Americas reported that members of its executive management team will participate in The Small Cap Showcase & WTR Insights conference in New York City on June 9, 2026. CEO Esteban Saldarriaga will join a 2:30 p.m. ET fireside chat and hold one-on-one meetings with pre-qualified investors.

The fireside chat will be webcast live, with a replay available on the company’s investor relations website. LPA develops, owns, and manages industrial and logistics real estate in Latin America and, as of March 31, 2026, its portfolio comprised 36 logistics facilities totaling about 580,118 square meters of gross leasable area.

Logistic Properties of the Americas reported that investment bank BTG Pactual has initiated equity research coverage of the company, which may broaden awareness among institutional investors in the U.S., Europe, and Latin America. Management highlights LPA’s logistics real estate platform across Costa Rica, Colombia, Peru, and its recent expansion into Mexico.

The company focuses on serving multinational and regional e-commerce retailers, third-party logistics operators, business-to-business distributors, and retail distribution companies. As of March 31, 2026, LPA’s operating and development portfolio comprised 36 logistics facilities totaling about 580,118 square meters, or approximately 6.2 million square feet, of gross leasable area.

Logistic Properties of the Americas director Roger A. Lazarus reported a non-market share transfer. On May 20, 2026, he transferred 10,000 Ordinary Shares pursuant to a court-approved settlement agreement and received no economic benefit from this transfer. After the transaction, he directly holds 27,500 Ordinary Shares, plus several Restricted Stock Unit (RSU) awards under the 2024 Equity Incentive Plan, each RSU representing the right to receive one Ordinary Share.

Logistic Properties of the Americas reported a lease expansion with Scharff Logística Integrada at Building 100 in Parque Logístico Callao near Jorge Chávez International Airport in Peru. Scharf will lease an additional 38,438 square feet, increasing its operational footprint in this Class A logistics park.

The expanded lease starts on June 1, 2026 and was signed at market-aligned rental rates that deliver double-digit rental rate growth over the prior lease for the space. Management highlights this as evidence of strong demand in a supply-constrained Lima logistics submarket and of LPA’s strategy to capture embedded rent growth in its stabilized portfolio.

Scharf, described as one of Peru’s leading third-party logistics providers, will use the new space to support auto parts distribution for a global automotive brand, leveraging the park’s direct access to the country’s main international airport and major transport corridors.

Logistic Properties of the Americas filed an amended Form 6‑K to update its explanatory note and present unaudited results for the three months ended March 31, 2026.

Revenue rose to $14.4 million from $11.8 million a year earlier, driven mainly by higher rental income across Costa Rica, Colombia, Peru and Mexico. Net operating income increased to $12.1 million, but a $9.2 million fair‑value loss on investment properties, $5.9 million of financing costs and higher general and administrative expenses led to a pre‑tax loss of $6.8 million and a net loss of $7.6 million, compared with a $3.0 million pre‑tax profit and $1.1 million net profit in 2025.

Loss attributable to shareholders was $7.9 million, or $(0.25) per share, versus $(0.02) per share a year earlier. Total assets were $703.6 million, including $650.6 million of investment properties, funded by $383.7 million of liabilities and $308.6 million of debt. Operating cash flow was $0.9 million, while net investing outflows of $5.7 million and net financing inflows of $5.6 million reflected continued capital spending and additional borrowings.

Logistic Properties of the Americas reported strong growth for the first quarter of 2026, with revenues rising 21.6% year over year to $14.4 million and Net Operating Income (NOI) increasing 28.6% to $12.1 million. Growth was led by Peru, where rental revenues climbed 39.9%, and Colombia, which grew 24.8%, while newly acquired assets in Mexico contributed $0.5 million of rental revenue.

Same-Property Cash NOI rose 10.9% to $9.82 million, supported by rental rate increases, lease escalations, and the expiry of rent abatements. Operating gross leasable area expanded 9.7% to 5.8 million square feet across 34 properties, and the operating portfolio reached 100.0% occupancy, up from 98.0% a year earlier.

Despite strong operating metrics, the company posted a net loss of $7.6 million, driven largely by a $9.2 million investment property valuation loss and higher financing costs of $5.9 million. However, funds from operations as defined by LPA improved to $2.5 million from a negative $0.6 million in the prior-year quarter, and adjusted EBITDA increased to $8.9 million with a 61.7% margin. Net debt stood at $273.7 million, equal to 42.1% of investment properties, with a weighted average cash interest rate of 7.4%.

Logistic Properties of the Americas reported a sharp turnaround to a net loss for the three months ended March 31, 2026, driven mainly by a large non‑cash drop in the appraised value of its warehouses and higher interest costs.

Total revenues rose to $14.4 million from $11.8 million, as rental income increased across Costa Rica, Colombia, Peru and new Mexican operations, lifting net operating income to $12.1 million. However, a $9.2 million investment property valuation loss, compared with a gain a year earlier, and $5.9 million of financing costs pushed profit before tax to a loss of $6.8 million.

The period ended with a net loss of $7.6 million, or $(0.25) per basic and diluted share attributable to owners, versus a small loss per share in 2025. The balance sheet remains asset‑heavy, with investment properties at $650.6 million, total assets of $703.6 million, total debt of about $308.6 million and cash of $28.1 million, keeping the business highly leveraged but fully covenant‑compliant.

Logistic Properties of the Americas submitted a Form 6-K as a foreign private issuer to notify investors that it has issued a press release announcing the reporting dates for its First Quarter 2026 financial results. The press release is included as Exhibit 99.1, and the information is furnished under the Securities Exchange Act of 1934, not deemed filed or incorporated by reference into other securities law filings.

Logistic Properties of the Americas director and ten percent owner Thomas McDonald filed an initial ownership statement showing direct, derivative and indirect interests in the company. The filing lists three Restricted Stock Unit (RSU) awards under the 2024 Equity Incentive Plan, each tied to 7,500 Ordinary Shares at an exercise price of $0.00 per share for calendar years 2024, 2025 and 2026, all fully vested on the grant date. It also reports 22,500 Ordinary Shares held directly and large indirect positions of 25,408,240 and 903,760 Ordinary Shares held by investment funds and an LLC managed by entities associated with McDonald. The footnotes state he shares voting and investment discretion over these funds and disclaims beneficial ownership beyond any pecuniary interest.