Logistic Properties Of The Americas · AMEX:LPA
Logistic Properties Of The Americas — Q3 2025 Earnings Presentation
27 slides from Logistic Properties Of The Americas's earnings presentation, Nov 12, 2025
Slide 1: Third Quarter 2025 Supplemental Information
Logistic Properties of the Americas Third Quarter 2025 Supplemental Information LPA Parque Logístico Calle 80 – Bogota, Colombia LPA Parque Logístico Calle 80 – Bogota, ColombiaLPA Parque ogístico San Jo é Verbena –San Jose, Costa Ric
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) is provided for informational purposes only and has been prepared to provide interested parties with certain information about Logistic Properties of the Americas and its subsidiaries (collectively, “LPA”) and for no other purpose. This Presentation
Slide 3: Developer, Owner, Manager and Acquirer of logistics real estate
3 Development and construction(2) of properties in the land bank DEVELOPER Asset ownership on a long-term basis OWNER Leasing and management(3) of assets MANAGER Logistic Properties of the Americas is a leading developer, owner, acquirer and manager of logistic and industrial real estate of internat
Slide 4: Content
4 Content Highlights • Company Profile ## • Company Performance 6 • Financial Summary 7 Financial Information • Condensed Consolidated Interim Balance Sheet 8 • Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income (Loss) 10 • Reconciliation for Adjusted EBITDA, A
Slide 5: Highlights: portfolio by city and GLA
5 LIMA, PERU Operating GLA (sqft) Development GLA (sqft) Land Reserves (acres)(6) 1,521,047 478,229 19.0 BOGOTA, COLOMBIA Operating GLA (sqft) Development GLA (sqft) Land Reserves (acres)(6) 1,255,394 - 50.6 SAN JOSE, COSTA RICA Operating GLA (sqft) Development GLA (sqft) Land Reserves (acres)(6) 2,
Slide 6: Company Performance: portfolio metrics
6 As of and for the three months ended US$ in millions, except for number of buildings, sq ft, and percentages September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Portfolio (sq ft) Same Property Portfolio No. of buildings 28 28 28 27 27 Gross leasable area (GLA) 4,74
Slide 7: Financial Summary
7 Highlights Financial Summary (1) Net Debt/Investment properties US$ in millions, except for percentages As of and for the three months ended September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Rental revenues 12.2 11.6 11.8 11.0 11.2 Revenues 12.9 11.7 11.8 11.1 11
Slide 8: Condensed Consolidated Interim Statements of Financial Position (assets)
8 As of September 30, 2025 December 31, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 17,991,075 $ 28,827,347 Lease and other receivables, net 3,741,461 2,641,772 Receivables from the sale of investment properties - short term — 3,589,137 Prepaid construction costs 790,690 165,836 Prepaid
Slide 9: Statements of Financial Position (liabilities and equity)
9 As of September 30, 2025 December 31, 2024 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 11,863,280 $ 8,356,915 Income tax payable 4,800,644 2,764,352 Retainage payable 2,323,010 1,500,729 Long term debt – current portion 10,037,537 12,636,821 Se
Slide 10: Statements of Profit or Loss and Other Comprehensive Income
10 Financial Information Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income (Loss) Three Months Ended September 30, 2025 2024 REVENUES Rental revenue $ 12,170,948 $ 11,173,774 Other revenue 713,568 98,856 Total revenues 12,884,516 11,272,630 Investment propert
Slide 11: Reconciliation for Adjusted EBITDA, FFO, AFFO, NOI
11 Financial Information Reconciliation for Adjusted EBITDA, Adjusted EBITDA margin, FFO, AFFO, NOI and NOI margin(1) (1) Refer to the “Non-IFRS Financial Measures and Other Measures and Reconciliations” in the Management’s Discussion and Analysis (“MD&A”) for more details around the non-IFRS measur
Slide 12: Reconciliation (continued)
12 Financial Information Reconciliation for Adjusted EBITDA, Adjusted EBITDA margin, FFO, AFFO, NOI and NOI margin (continued)(1) For the three months ended US$ in millions September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Net Operating Income Rental revenues 12.2
Slide 13: Total Portfolio GLA
13 1,255 1,255 1,255 1,255 1,255 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Operations Overview Costa Rica Peru By Geography 6,029 5,771 5,772 5,543 5,288 5,550 5,293 5,293 5,122 5,122 478 478 479 421 166 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Development GLA Operating GLA 2,516 2,516 2,516 2,516 2,51
Slide 14: Operating Portfolio – Period End Occupancy
14 Total Operating Portfolio 92.2 92.2 100.0 100.0 90.0 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 98.8 95.3 95.3 94.8 89.9 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 100.0 95.2 98.7 99.4 99.2 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 97.9 94.5 98.0 98.3 94.5 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Operatio
Slide 15: Rental Revenues
15 2.5 2.4 2.4 2.3 2.1 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 3.5 3.3 3.4 2.6 3.0 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 6.0 5.9 6.0 6.2 6.1 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 12.2 11.6 11.8 11.0 11.2 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Operations Overview Rental Revenues (US$ million) To
Slide 16: Net Operating Income
16 2.1 2.0 1.9 2.0 1.8 2.2 2.1 2.0 1.9 1.9 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 2.8 2.6 2.3 1.5 2.4 2.9 2.7 2.0 1.7 2.1 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 5.2 5.0 5.2 5.4 5.45.1 4.8 5.2 5.3 5.2 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 10.4 9.6 9.4 8.9 9.610.5 9.6 9.2 8.9 9.2 Q3 2025 Q2 2025 Q
Slide 17: Average Net Effective Rent per Square Foot
17 7.91 7.34 7.14 6.55 6.76 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 7.67 7.66 7.58 7.49 7.41 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 8.68 8.68 8.60 8.57 8.72 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 8.14 8.07 7.96 7.79 7.92 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Operations Overview Total Portfolio B
Slide 18: Same-Property NOI Growth
18 20.2% 23.9% 0.7% 12.0% 0.3% 14.1% 16.6% 2.6% 1.5% (0.4)% Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 13.6% 4.4% (13.2)% (17.9)% (5.4)% 15.0% 3.1% (19.7)% (26.5)% (7.7)% Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 (3.9)% (5.9)% (0.3)% 0.4% 4.0% (5.6)% (6.5)% (0.4)% (1.2)% 2.8% Q3 2025 Q2 2025 Q1 2025 Q4 2
Slide 19: Other Non-IFRS Metrics
19 7.3 6.3 6.7 6.0 5.8 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Financial Overview Other Non-IFRS Metrics (US$ million) Adjusted EBITDA (for the three months ended) FFO, as defined by LPA (for the three months ended) (1.0) (0.1) (0.6) (3.6) (2.2) Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024
Slide 20: Customer Concentration and Lease Expiration Analysis
20 Operations Customer Concentration and Lease Expiration Analysis Lease Breakdown as Measured by Total Portfolio NER Customer Type Contractual Rent Increases Leases by Currency As of September 30, 2025 USD COP Top 10 Customers as % of Net Effective Rent % of Net Effective Rent Total Square Feet 1 K
Slide 21: Investment Properties Portfolio
21 US$ in millions US$ in millions US$ in millions Square Feet Net Effective Rent Investment Properties US$ in millions, except for number of buildings, sq ft, and percentages No. of buildings Total % of Total Occupied % Leased % Year to Date NOI Annualized Sqft / Year Total Fair Market Value % of T
Slide 22: Development Portfolio
22 US$ in millions, except for sq ft, percentages and dates TEI Invested to Date Project Sq Ft Occupied % Leased % FMV Land + Infra Shell Total Land + Infra Shell Total Est. Stabilization Date Annualized estimated Rent Revenues Annualized estimated NOI Est. Return on Cost(1) Est. Develop. Yield(1) T
Slide 23: Land Portfolio
23 Gross Land Area (Acres) Buildable Area (Sq Ft)(1) FMV FMV/Sq Ft of Gross Land Area US$ in millions, except for sq ft and percentages Q3 2025 Q4 2024 % Change Q3 2025 Q4 2024 % Change Q3 2025 Q4 2024 % Change Q3 2025 Q4 2024 % Change Colombia 50.6 50.6 —% 1,090,211 1,090,211 0.0% 29.0 23.9 21.5% $
Slide 24: Debt Summary and Metrics
24 Q3 2025 Q2 2025 Net debt (US$ in millions) 256.0 232.8 Net debt over investment properties (end of period) 41.0 % 41.1% Net debt / Adjusted EBITDA ratio(1) 9.5x 8.7x Net debt / NOI(1) 6.5x 6.2x 26.7% 73.3% Fixed vs Floating Rate Debt 100.0% Secured vs Unsecured Debt 86.4% 13.6% Capitalization Deb
Slide 25: Definitions
25 Definitions Please refer to LPA financial statements as prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board and filed with the Security and Exchange Commission (“SEC”) and other public reports for further infor
Slide 26: Definitions
26 Definitions Return on Cost This is calculated on development properties as Stabilized rental revenue divided by TEI. Same-Property Our Same-Property metrics are non-IFRS financial measures, which are commonly used in the real estate industry and expected from the financial community, on both a ne
Slide 27: www.lpamericas.com
www.lpamericas.com
Logistic Properties of the Americas — Q3 2025 Earnings Presentation on 6ix