Logistic Properties Of The Americas · AMEX:LPA
Logistic Properties Of The Americas — Q4 2025 Earnings Presentation
19 slides from Logistic Properties Of The Americas's earnings presentation, Mar 19, 2026
Slide 1: Logistic Properties of the Americas Fourth Quarter 2025 Investor Presentation
Logistic Properties Fourth Quarter 2025 of the Americas Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) is provided for informational purposes only and has been prepared to provide interested parties with certain Commission (the “SEC”). There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that inf
Slide 3: Developer, Owner, Acquirer, Manager of logistics real estate
Logistic Properties of the Americas is a leading developer, owner, acquirer and manager of logistic and industrial real estate of international quality in America. LPA is one of the few, internally managed, vertically-integrated and institutional platforms operating across the region (1). DEVELOPER
Slide 4: LPA at a Glance
LPA at a Glance As of December 31, 2025 7.6 mm sqft 100.0% 79.9% Example Properties Gross Leasable Area(1) Occupancy(2) US dollars-denominated Leases(3) PUEBLA, MEXICO SAN JOSE, COSTA RICA Operating Development Land Reserves Logistic Park Operating Development Land Reserves GLA (sqft) GLA (sqft) (ac
Slide 5: LPA Develops Facilities to meet U.S. Institutional Standards (Interiors)
Natural Light Fire Protection System: NFPA Clear Height: 39 ft Floor Capacity: 0.5-0.7 Tons/sqft Distance between Columns: optimized LPA Develops Facilities to meet U.S. Institutional Standards Facility Specs Interiors 5
Slide 6: LPA Develops Facilities to meet U.S. Institutional Standards (Exteriors)
Container Parking Platforms: 1 per 5,059 sqft Shared Maneuvering Yards: 187 ft Exclusive Maneuvering Yard: 125 ft LPA Develops Facilities to meet U.S. Institutional Standards Facility Specs Exteriors 6
Slide 7: Proven Track Record of Performance and Growth
Proven Track Record of Performance and Growth Operating Portfolio GLA Growth 5,804 Sq Ft in thousands 4,620 5,122 4,038 CAGR(1): 12.9% 2022 2023 2024 2025 Net Operating Income Growth US$ in thousands $40,964 $34,185 $36,607 $8,558 CAGR(1): 15.7% Costa Rica $26,483 $7,049 $7,588 Peru $8,263 $11,172 $
Slide 8: Coveted Tenant Relationships
Coveted Tenant Relationships LPA’s differentiated Class A product and geographic diversification make it the ideal partner to large multinationals and respected regional / local players Logistic Services Consumer Goods and Distribution Retailer (including E-Commerce) Manufacturing and Other 8
Slide 9: Operations: Customer Concentration and Lease Expiration Analysis
Operations Customer Concentration and Lease Expiration Analysis As of December 31, 2025 Top 10 Customers as % of Net Effective Rent % of Net Total Square Effective Rent Feet Lease Expirations 1 Pepsico 8.6 % 253,770 Net Effective Rent 2 Kuehne + Nagel 8.0 % 474,688 % of Currency 3 PriceSmart 5.4 % 2
Slide 10: Solid Operating Performance
Solid Operating Performance Period-End Operating Portfolio Occupancy and Period-End Leased Development Portfolio Operating Portfolio Development Portfolio 98.3% 100.0% 98.0% 94.5% 97.9% 100.0% 85.9% 85.8% 84.1% 73.8% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Rental Revenues and Net Operating Income co
Slide 11: Organic Growth of up to ~1.8 million additional square feet
Organic Growth of up to ~1.8 million additional square feet through the Development of our Land Portfolio (square feet in thousands) OPERATING PORTFOLIO METRICS Dev. Land bank and Net Rentable Area (sq ft) 5,804 Operating Portfolio Portfolio Expansion Land Average Portfolio Aging 4.9 years Number of
Slide 12: Capitalization
Capitalization Debt Summary and Metrics As of December 31, 2025 Debt Summary Debt Metrics US$ in millions 2025 Wtd Avg.Cash Loans Q4 2025 Q3 2025 Maturity Interest Rate 2026 10,270,261 7.4% 261.3 256.0 Net debt (US$ in millions) 2027 11,400,644 7.3% 2028 24,716,396 6.8% 40.2% 41.0% Net debt over inv
Slide 13: Strong Focus on Sustainability
Strong Focus on Sustainability We believe our ESG commitment is institutionalized in LPA’s corporate culture Environmental Social Governance Warehouses comply with highest standards Human Capital: professional development Internally managed - alignment of interests of efficiency and environmental po
Slide 14: Appendix
Appendix LPA Coyol 1 Logistic Park, Costa Rica 14
Slide 15: Strong combination of experience and in-depth market knowledge
Strong combination of experience and in-depth market knowledge The CEO and CFO have a combined track record of 30+ years and are complemented by local managers with deep knowledge of their respective markets Esteban Saldarriaga Paul Smith Annette Fernández CEO • 15+ years of experience, 7 years with
Slide 16: As a Corporate Entity, LPA Offers a Differentiated Value Proposition
As a Corporate Entity, LPA Offers a Differentiated Value Proposition Corporate Entity REIT • Rules on how assets must be invested • Focused on industrial real estate assets – Total assets must be at least 75% real estate investments Investment – Acquired or developed assets should be used for leasin
Slide 17: Definitions
Definitions Please refer to LPA financial statements as prepared in accordance with International Financial Reporting Standards Estimated Build Out (TEI and sq ft) This metric represents the estimated TEI and finished square feet available for lease (“IFRS”) as issued by the International Accounting
Slide 18: Definitions
Definitions Operating Portfolio This includes stabilized industrial properties. Assets held for sale are excluded from the portfolio. Discounted Cash Flow Method Return on Cost This is calculated on development properties as Stabilized rental revenue divided by TEI. Using this valuation method, futu
Slide 19: www.lpamericas.com
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