Logistic Properties of the Americas (NYSE: LPA)

Logistic Properties of the Americas is a fully integrated real estate company that develops, owns, and manages logistics and industrial facilities across Latin America. The company focuses on Class A warehouse properties in high-growth markets with strong barriers to entry, serving tenants engaged in e-commerce, third-party logistics, and retail distribution. Its business model generates recurring revenue through long-term leases with creditworthy tenants, emphasizing sustainability and operational efficiency in its asset portfolio.

Logistic Properties of the Americas generates revenue primarily from rental income derived from leasing its stabilized logistics and industrial properties to tenants across Latin America. The company earns additional income from property management and development activities, though rental revenue constitutes the core of its earnings. Leases are typically long-term, with annual rent adjustments tied to inflation or contractual rates, and a significant portion of rental revenue is denominated in U. S. dollars to mitigate currency risk.

The company operates through the following segments: Costa Rica, Colombia, Peru, and Mexico.

• Costa Rica segment includes properties in the Coyol and San José areas, featuring logistics parks and industrial buildings that serve regional distribution needs, with a focus on sustainable design and EDGE-certified facilities supporting multinational and local tenants.

• Colombia segment consists of logistics and industrial assets in Bogotá, particularly along Calle 80, providing modern warehouse space for consumer goods and logistics companies operating in one of Latin America’s largest industrial markets.

• Peru segment comprises logistics parks in Lima Sur and Callao, offering Class A industrial facilities that support e-commerce and nearshoring-driven supply chains, with many properties achieving EDGE certification for sustainability.

• Mexico segment includes two operating investment properties in Puebla, acquired in August 2025 through a strategic partnership, marking the company’s entry into Mexico’s logistics real estate market to capitalize on nearshoring and industrial growth trends.

Logistic Properties of the Americas holds a leading position as an integrated developer and operator of logistics real estate in Costa Rica, Colombia, Peru, and Mexico, differentiating itself through vertical control over development, leasing, and asset management, unlike traditional REITs that focus primarily on stabilized assets. The company competes with other industrial real estate developers and operators in Latin America, maintaining an edge through its internal management structure, sustainability focus via EDGE certification, and strategic placement in high-growth, undersupplied markets with strong tenant demand driven by e-commerce and nearshoring.

The company serves a diversified tenant base of multinational and regional companies, including Kuehne + Nagel, Alicorp, Pequeño Mundo, PriceSmart, Natura, Yichang, CEVA, Indurama, Samsung, and IKEA, operating primarily in consumer goods, third-party logistics, and retail sectors, with over 90% of leased space supporting logistics and distribution functions for these tenants.