LPA Signs 5-Year Lease In Costa Rica With 20% Rent Hike

Earnings Release Announcement: Logistic Properties of the Americas (LPA) will release its Third Quarter 2025 financial results on November 12, 2025, after market close, followed by a conference call on November 13, 2025, at 9:00 a.m. ET.

Participation Details: Interested participants can join the conference call by dialing the provided toll-free or international numbers, with a conference ID of 8556655, and a recording will be available on LPA's website for a limited time.

Company Overview: LPA is a prominent developer and manager of Class A industrial and logistics real estate in Central and South America, focusing on high-growth markets and serving a diverse customer base, including e-commerce and logistics companies.

Portfolio Information: As of June 30, 2025, LPA's portfolio includes 33 logistics facilities across Costa Rica, Colombia, and Peru, totaling approximately 536,000 square meters of gross leasable area.

LPA's First Acquisition in Mexico: Logistic Properties of the Americas (LPA) has completed its first asset acquisition in Mexico, acquiring a logistics property in Puebla through a partnership with Inmobiliaria y Constructora Alas. This marks a strategic expansion into Mexico's logistics real estate market.

Property Details and Future Growth: The acquired property consists of two logistics buildings leased primarily to DHL, generating an estimated annual net operating income of USD $1.6 million. This investment is part of LPA's strategy to enhance its presence in Latin America and support essential supply networks.

Financial Performance: Logistic Properties of the Americas reported a 6.4% increase in revenue for Q2 2025, totaling $11.7 million, driven by building stabilizations and higher rental rates, despite some losses from exchange rate fluctuations. Year-to-date revenue rose by 9.6% to $23.5 million.

Strategic Developments: The company appointed Eduardo Nakash as Country Manager for Mexico to enhance its presence in the growing logistics market, while also beginning construction on new facilities expected to contribute to future revenue growth amidst strong demand for high-quality logistics space.

New Lease Agreement: Logistic Properties of the Americas has signed a five-year lease for 121,600 square feet at LPA Coyol 4 Logistic Park in Costa Rica with a regional 3PL provider, reflecting a 20% increase in net effective rent compared to the previous lease.

Market Demand and Expansion: The deal highlights the growing demand for logistics facilities in Costa Rica, with the Coyol area being recognized for its connectivity and infrastructure, supporting LPA's goal to expand its presence in Latin America.

New Lease Agreement: Logistic Properties of the Americas has signed a five-year lease for 121,600 square feet at LPA Coyol 4 Logistic Park in Costa Rica, reflecting a 20% increase in rental rates due to high demand for logistics properties in the region.

Strategic Growth: The company aims to expand its presence in Latin America by attracting premium logistics tenants and enhancing supply chain capabilities through strategically located facilities.

Index Changes: Two real estate companies, Seaport Entertainment Group and Logistic Properties of the Americas, will join the Russell Microcap Index, while six companies including UMH Properties and NETSTREIT will be removed, effective after market close on June 27.

Future Reconstitution Schedule: FTSE Russell plans to shift to a semi-annual reconstitution schedule starting in 2026.