Logistic Properties of the Americas announced its unaudited consolidated financial results for the second quarter ended June 30, 2025, reporting total revenues of $11.693 million. This represents a 6.4% increase year-over-year. Year-to-date revenue increased by 9.6%.
The company's operating portfolio remained 98% leased. LPA began construction of a second new building at its Parque Logistico Callao in Lima, Peru, which is substantially pre-leased and expected to contribute to revenue starting in late 2025 and early 2026. Investment property operating expenses increased by 17.5% year-over-year to $2.007 million.
During the quarter, LPA appointed Eduardo Nakash as Country Manager for Mexico, a strategic move to establish a strong local presence and capitalize on the growth of Mexico's logistics and industrial real estate market. This appointment advances the company's long-term growth strategy to expand and scale its regional platform.
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