The earnings call highlighted strong revenue and NOI growth, strategic market expansion into Mexico, and increased leasing spreads, indicating a positive outlook. However, there were challenges with increased G&A expenses and impacts from prior divestments.
Company Guidance
During the third quarter of 2024 earnings call, LPA's executives provided guidance highlighting several key metrics and strategic moves. Revenue and net operating income (NOI) both increased by over 10%, with leased occupancy rising by 390 basis points to 98.5%. The company capitalized on supply-demand imbalances, achieving leasing spreads that were 25% to 40% higher in Colombia compared to the previous year. LPA also announced a strategic partnership with Falcon, a prominent Mexican real estate developer, marking its entry into the Mexican market. This venture is anticipated to close in 2025, granting LPA a controlling interest in assets located in Puebla, Mexico, with DHL as an anchor tenant. Additionally, average rent per square foot across LPA's portfolio increased by nearly 5% year-over-year. The call emphasized the company's focus on accretive growth and diversification into Mexico, aiming to leverage strong nearshoring trends and e-commerce tailwinds to enhance its regional real estate platform.
Revenue and NOI Growth
Revenue and Net Operating Income (NOI) both grew over 10% with leased occupancy increasing by 390 basis points to 98.5%.
Strategic Partnership and Market Expansion
Entered a binding agreement with Inmobiliaria y Constructora Alas (Falcon) to form a strategic partnership, marking LPA's entry into the Mexican market.
Increased Leasing Spreads
Leasing spreads in Colombia increased by 25% to 40% compared to the previous year.
Average Rent Increase
Average rent per square foot increased nearly 5% year-over-year due to automatic rent escalators and market rate increases.
Operational Efficiency
Operational efficiencies contributed to a 10% NOI increase, totaling $9.6 million.
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Logistic Properties of the Americas (LPA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LPA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 14, 2024
$7.36
$6.17
-16.17%
Aug 14, 2024
$12.68
$12.59
-0.71%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Logistic Properties of the Americas (LPA) report earnings?
Logistic Properties of the Americas (LPA) is schdueled to report earning on Aug 13, 2025, TBA Not Confirmed.
What is Logistic Properties of the Americas (LPA) earnings time?
Logistic Properties of the Americas (LPA) earnings time is at Aug 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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