LPA sells Peru property for $145M to FIBRA Prime
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: seekingalpha
Logistic Properties of the Americas (LPA) has seen a significant price increase of 51.27% in pre-market trading, reaching a 20-day high.
The company has agreed to sell its Parque Logístico Lima Sur property in Peru to FIBRA Prime for $145 million, which is expected to yield approximately $85 million in net proceeds after debt repayment. LPA plans to use these proceeds to support its expansion efforts in Mexico and transition towards a more asset-light business model. This strategic shift is expected to enhance LPA's competitive edge in the Latin American logistics sector, particularly in Mexico, although the transaction is subject to regulatory approvals.
This sale not only improves LPA's financial position but also positions the company for future growth in a rapidly expanding market, reflecting a proactive approach to its operational strategy.
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Analyst Views on LPA
About LPA
Logistic Properties of the Americas (LPA) is an internally managed real estate company. The Company develops, owns, and manages a diversified portfolio of warehouse logistics and industrial assets across Latin America. It operates through four geographical segments, which include Costa Rica, Colombia, Peru and Mexico. Its properties include Latam Logistic Park Coyol 1, Latam Logistic Park Coyol 2, Latam Logistic Park Coyol 3, Latam Logistic Park Coyol 4, Latam Bodegas Atenas, Latam Bodegas Aurora, Latam Bodegas San Joaquin, San Rafael Industrial Park, Latam Logistic Park San Jose-Verbena, Latam Logistic Park Calle 80, Latam Logistic Park Lima Sur, Latam Parque Logistico Callao and Puebla Fideicomiso 6384 Park. Its diversified tenant base comprises multinational companies that operate primarily in consumer goods, third party logistics and other retail sectors, including Kuehne + Nagel, Alicorp, Pequeno Mundo, PriceSmart, Natura, Yichang, CEVA, Indurama, Samsung, and IKEA.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
LPA Sells Peru Property for $145M to FIBRA Prime
- Transaction Value: Logistic Properties of the Americas (LPA) has agreed to sell its Parque Logístico Lima Sur property in Peru to FIBRA Prime for $145 million, which is expected to yield approximately $85 million in net proceeds after debt repayment and before taxes.
- Use of Proceeds: LPA plans to utilize the proceeds from this transaction to support its expansion efforts in Mexico and advance its transition towards a more asset-light business model, indicating a strategic shift in its operational focus.
- Regulatory Approval: The transaction is subject to regulatory approvals, highlighting the necessity for LPA to adhere to compliance procedures during significant asset disposals to ensure the smooth execution of the deal.
- Market Impact: This sale not only aids LPA in improving its financial position but also potentially enhances its competitive edge in the Latin American market, particularly within the rapidly growing logistics sector in Mexico.
See More
Logistic Properties of America to Participate in Small Cap Showcase
- Executive Participation: Logistic Properties of America (LPA) announced that CEO Esteban Saldarriaga will participate in the Small Cap Showcase on June 9, 2026, in New York City, discussing business strategy and industry outlook, which is expected to attract investor attention and enhance the company's visibility.
- One-on-One Investor Meetings: LPA's management will engage in one-on-one meetings with pre-qualified investors throughout the event, which not only helps build relationships with potential investors but may also pave the way for future financing and collaboration opportunities for the company.
- Business Development Potential: As of March 31, 2026, LPA operates 36 logistics facilities across Costa Rica, Colombia, Peru, and Mexico, totaling approximately 580,118 square meters, demonstrating a strong business foundation in high-growth markets, with expectations for continued growth through strong client relationships.
- Industry Networking Opportunities: The conference brings together executives from around 20 micro and small-cap companies, providing a platform for discovering differentiated investment opportunities, and LPA's participation will enhance its networking and influence within the industry, further driving the achievement of its strategic goals.
See More
LPA Receives Equity Research Coverage from BTG Pactual
- Research Coverage Initiation: BTG Pactual has officially initiated equity research coverage of LPA, which is expected to enhance investor awareness of LPA's platform, strategy, and long-term growth opportunities, thereby boosting market confidence.
- Market Expansion Potential: Over the past decade, LPA has built an institutional-quality logistics real estate portfolio across Costa Rica, Colombia, and Peru, recently expanding into Mexico, and is poised to benefit from structural tailwinds such as nearshoring and e-commerce growth.
- Facility Scale: As of March 31, 2026, LPA's operating and development portfolio comprises 36 logistics facilities totaling approximately 580,118 square meters (or about 6.2 million square feet), demonstrating its strong presence in the Latin American market.
- Diverse Client Base: LPA serves multinational and regional e-commerce retailers, third-party logistics operators, and B2B distributors, and plans to continue driving growth through strong client relationships and the development of high-quality facilities.
See More
LPA Expands Lease Agreement with Scharff Logistics
- Lease Agreement Expansion: LPA has expanded its lease agreement with Scharff Logística Integrada S.A. at Parque Logístico Callao in Callao, Peru, adding 38,438 square feet of space, effective June 1, 2026, highlighting sustained demand for high-quality logistics space.
- Rental Rate Growth: The expanded lease is executed at market-aligned rental rates, reflecting a double-digit increase over the previous lease, showcasing LPA's ability to capture rental growth in a supply-constrained market.
- Strategic Location Advantage: Parque Logístico Callao's proximity to Peru's primary international airport provides direct transportation access, making it a preferred location for logistics operators requiring speed and reliability, further solidifying LPA's market position in the region.
- Deepening Customer Relationships: LPA's CEO Esteban Saldarriaga noted that this expansion not only strengthens the long-term partnership with Scharff but also demonstrates the company's ability to generate incremental value within its stabilized portfolio, supporting customers' growth in high-demand markets.
See More
Logistic Properties of the Americas Q1 2026 Financial Results
- Significant Revenue Growth: In Q1 2026, Logistic Properties of the Americas (LPA) reported revenue of $14.4 million, marking a 22% year-over-year increase, indicating strong market performance and sustained growth potential.
- Net Operating Income Surge: The net operating income (NOI) for the first quarter increased by 28.6% to $12.1 million, driven by improved operating leverage in the Colombia and Peru segments, reflecting the company's success in enhancing operational efficiency.
- Strategic Investment Moves: LPA signed a $200 million forward purchase agreement for industrial assets in Mexico, which not only strengthens its asset portfolio in the Latin American market but also lays a foundation for future growth.
- Optimistic Market Outlook: With the company's expansion and investments in the Latin American region, LPA's financial performance and market position are expected to improve further, suggesting continued growth in profitability and market share.
See More
LPA Reports Significant Revenue Growth in Q1 2026
- Strong Revenue Growth: In Q1 2026, LPA reported a 21.6% year-over-year revenue increase, primarily driven by a 39.9% rise in rental income from Peru, indicating that the stabilization of newly constructed properties is enhancing performance and strengthening the company's competitive position in the Latin American market.
- Net Operating Income Surge: The company's net operating income (NOI) increased by 28.6% to $12.1 million in the first quarter, reflecting improved operating leverage in Colombia and Peru, which further solidifies its profitability.
- Same-Property Cash NOI Increase: Same-property cash NOI rose 10.9% to $9.82 million, primarily due to rental rate increases and the expiration of rent abatements, which not only improved cash flow but also enhanced the company's pricing power in the market.
- Full Occupancy Achieved: As of March 31, 2026, LPA's operating portfolio achieved a 100% occupancy rate, up from 98% in the same period of 2025, demonstrating the company's strong performance and customer trust in high-demand markets.
See More
LPA Sells Peru Property for $145M to FIBRA Prime
- Transaction Value: Logistic Properties of the Americas (LPA) has agreed to sell its Parque Logístico Lima Sur property in Peru to FIBRA Prime for $145 million, which is expected to yield approximately $85 million in net proceeds after debt repayment and before taxes.
- Use of Proceeds: LPA plans to utilize the proceeds from this transaction to support its expansion efforts in Mexico and advance its transition towards a more asset-light business model, indicating a strategic shift in its operational focus.
- Regulatory Approval: The transaction is subject to regulatory approvals, highlighting the necessity for LPA to adhere to compliance procedures during significant asset disposals to ensure the smooth execution of the deal.
- Market Impact: This sale not only aids LPA in improving its financial position but also potentially enhances its competitive edge in the Latin American market, particularly within the rapidly growing logistics sector in Mexico.
See More
Logistic Properties of America to Participate in Small Cap Showcase
- Executive Participation: Logistic Properties of America (LPA) announced that CEO Esteban Saldarriaga will participate in the Small Cap Showcase on June 9, 2026, in New York City, discussing business strategy and industry outlook, which is expected to attract investor attention and enhance the company's visibility.
- One-on-One Investor Meetings: LPA's management will engage in one-on-one meetings with pre-qualified investors throughout the event, which not only helps build relationships with potential investors but may also pave the way for future financing and collaboration opportunities for the company.
- Business Development Potential: As of March 31, 2026, LPA operates 36 logistics facilities across Costa Rica, Colombia, Peru, and Mexico, totaling approximately 580,118 square meters, demonstrating a strong business foundation in high-growth markets, with expectations for continued growth through strong client relationships.
- Industry Networking Opportunities: The conference brings together executives from around 20 micro and small-cap companies, providing a platform for discovering differentiated investment opportunities, and LPA's participation will enhance its networking and influence within the industry, further driving the achievement of its strategic goals.
See More
LPA Receives Equity Research Coverage from BTG Pactual
- Research Coverage Initiation: BTG Pactual has officially initiated equity research coverage of LPA, which is expected to enhance investor awareness of LPA's platform, strategy, and long-term growth opportunities, thereby boosting market confidence.
- Market Expansion Potential: Over the past decade, LPA has built an institutional-quality logistics real estate portfolio across Costa Rica, Colombia, and Peru, recently expanding into Mexico, and is poised to benefit from structural tailwinds such as nearshoring and e-commerce growth.
- Facility Scale: As of March 31, 2026, LPA's operating and development portfolio comprises 36 logistics facilities totaling approximately 580,118 square meters (or about 6.2 million square feet), demonstrating its strong presence in the Latin American market.
- Diverse Client Base: LPA serves multinational and regional e-commerce retailers, third-party logistics operators, and B2B distributors, and plans to continue driving growth through strong client relationships and the development of high-quality facilities.
See More
LPA Expands Lease Agreement with Scharff Logistics
- Lease Agreement Expansion: LPA has expanded its lease agreement with Scharff Logística Integrada S.A. at Parque Logístico Callao in Callao, Peru, adding 38,438 square feet of space, effective June 1, 2026, highlighting sustained demand for high-quality logistics space.
- Rental Rate Growth: The expanded lease is executed at market-aligned rental rates, reflecting a double-digit increase over the previous lease, showcasing LPA's ability to capture rental growth in a supply-constrained market.
- Strategic Location Advantage: Parque Logístico Callao's proximity to Peru's primary international airport provides direct transportation access, making it a preferred location for logistics operators requiring speed and reliability, further solidifying LPA's market position in the region.
- Deepening Customer Relationships: LPA's CEO Esteban Saldarriaga noted that this expansion not only strengthens the long-term partnership with Scharff but also demonstrates the company's ability to generate incremental value within its stabilized portfolio, supporting customers' growth in high-demand markets.
See More
Logistic Properties of the Americas Q1 2026 Financial Results
- Significant Revenue Growth: In Q1 2026, Logistic Properties of the Americas (LPA) reported revenue of $14.4 million, marking a 22% year-over-year increase, indicating strong market performance and sustained growth potential.
- Net Operating Income Surge: The net operating income (NOI) for the first quarter increased by 28.6% to $12.1 million, driven by improved operating leverage in the Colombia and Peru segments, reflecting the company's success in enhancing operational efficiency.
- Strategic Investment Moves: LPA signed a $200 million forward purchase agreement for industrial assets in Mexico, which not only strengthens its asset portfolio in the Latin American market but also lays a foundation for future growth.
- Optimistic Market Outlook: With the company's expansion and investments in the Latin American region, LPA's financial performance and market position are expected to improve further, suggesting continued growth in profitability and market share.
See More
LPA Reports Significant Revenue Growth in Q1 2026
- Strong Revenue Growth: In Q1 2026, LPA reported a 21.6% year-over-year revenue increase, primarily driven by a 39.9% rise in rental income from Peru, indicating that the stabilization of newly constructed properties is enhancing performance and strengthening the company's competitive position in the Latin American market.
- Net Operating Income Surge: The company's net operating income (NOI) increased by 28.6% to $12.1 million in the first quarter, reflecting improved operating leverage in Colombia and Peru, which further solidifies its profitability.
- Same-Property Cash NOI Increase: Same-property cash NOI rose 10.9% to $9.82 million, primarily due to rental rate increases and the expiration of rent abatements, which not only improved cash flow but also enhanced the company's pricing power in the market.
- Full Occupancy Achieved: As of March 31, 2026, LPA's operating portfolio achieved a 100% occupancy rate, up from 98% in the same period of 2025, demonstrating the company's strong performance and customer trust in high-demand markets.
See More
