Logistic Properties of the Americas reported third‑quarter 2025 revenue of $12.9 million, a 14.3 % year‑over‑year increase from $11.3 million in Q3 2024. Occupancy remained high at 97.9 %, slightly below the 98.5 % achieved in the prior year, while average rent per square foot climbed to $8.14 from $7.79, reflecting the company’s pricing power in its core Latin American markets.
Operating expenses grew 10.5 % to $6.13 million, driven by higher credit‑loss provisions, increased utility and maintenance costs, higher property‑management fees, and rising real‑estate taxes. The 10.5 % rise contrasts with the 26.3 % figure originally reported, underscoring the importance of detailed expense breakdowns.
Earnings per share fell to –$1.36, missing the consensus estimate of $0.15 and marking the first negative EPS for the company since 2024. The miss was largely attributable to the expense increase and a one‑time charge related to the Puebla acquisition, which, while expanding the company’s footprint, added upfront costs that weighed on profitability.
The quarter also marked LPA’s inaugural entry into Mexico, with the acquisition of two logistics facilities in Puebla that add 257,700 sq ft of gross leasable area. The move is part of the company’s cross‑border strategy to capture growth in high‑potential Latin American markets and to diversify its geographic exposure.
Management reiterated its outlook for sustained double‑digit revenue growth and similar or higher organic growth in 2026, while acknowledging the need to manage costs more tightly. The company’s guidance for revenue growth remains unchanged, but the EPS miss signals that profitability will be a key focus in the coming quarters.
The market reacted negatively to the earnings miss, with the stock falling sharply after the announcement, reflecting investors’ prioritization of profitability over operational metrics.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.