Logistic Properties Of The Americas · AMEX:LPA
Logistic Properties Of The Americas — Q2 2026 Earnings Presentation
29 slides from Logistic Properties Of The Americas's earnings presentation, Aug 12, 2026
Slide 1: 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 is not a pr
Slide 2: 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 is not a pr
Slide 3: LPA delivers world-class logistics and industrial spaces
LPA delivers the world-class logistics and industrial spaces that power global supply chains. Our integrated platform combines global standards with on-the-ground execution, empowering companies to grow, connect, and compete across the Americas.
Slide 4: Table of Contents
Table of Contents 02Highlights Financial Information Company Profile Company Performance Financial Summary Condensed Consolidated Interim Balance Sheet Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income (Loss) Reconciliation for NOI and Cash NOI Reconciliation
Slide 5: The leading pioneer in logistics and industrial real estate in the Americas
Development and construction (2) of properties in the land bank Asset ownership on a long-term basis Acquisition of stabilized assets Developer Owner Acquirer Leasing and management (3) of assets Manager Notes: (1) The Company considers that most real estate companies and funds in México, Costa Rica
Slide 6: 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 is not a pr
Slide 7: Selected Properties
Selected Properties Logistic Park Callao Callao, Peru Logistic Park San José Verbena San José, Costa Rica Logistic Park Coyol I Alajuela, Costa Rica Logistic Park Puebla MX Puebla, Mexico Logistic Park Calle 80 Tenjo, Colombia Logistic Park Lima Sur Lurín,Peru Logistic Park San Joaquín Heredia, Cost
Slide 8: Company Overview – Q2 2026 Highlights
Company Overview – Q2 2026 Highlights Total GLA(1) 7.5 M sq ft Total portfolio Occupancy(2) 100.0% Operating portfolio 76.7% denominated leases 4.5 years Wtd. Avg. Remaining lease term Avg. Rent/Sq Ft/Yr $8.88 Δ +2.7% YoY Q2 2026 NOI(5) $12.2 mm Δ +27.0% YoY Cash NOI (5) 27.3% US Dollar(3) WALT(4) N
Slide 9: Company Overview – Q2 2026 (continued)
Company Overview – Q2 2026 (continued) Highlights Revenues (US$M) - Quarterly Net Operating Income (US$M) - Quarterly Adjusted EBITDA (US$M) - Quarterly FFO, as defined by LPA (US$M) - Quarterly 11.7 12.9 13.7 14.4 14.7 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 0.0 4.0 8.0 12.0 16.0 9.6 10.4 11.6 12.1
Slide 10: Company Performance Highlights
Company Performance Highlights (1) Year to date NOI and Cash NOI amounts are used to determine growth over the prior period. As of and for the three months ended US$ in millions, except for number of buildings, sq ft, and percentages June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025
Slide 11: Financial Summary Highlights
Financial Summary Highlights (1) Net Debt/Investment properties US$ in millions, except for percentages As of and for the three months ended June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Rental revenues 14.7 14.4 13.6 12.2 11.6 Revenues 14.7 14.4 13.7 12.9 11.7 Cash
Slide 12: Condensed Consolidated Interim Statements of Financial Position
Condensed Consolidated Interim Statements of Financial Position Financial Information (1) Listing expense is a non-cash item that relates to the difference in the fair value of the shares deemed to have been issued by the accounting acquirer and the fair value of the accounting acquiree’s identifiab
Slide 13: Condensed Consolidated Interim Statements of Financial Position (continued)
Condensed Consolidated Interim Statements of Financial Position (continued) Financial Information As of June 30, 2026 December 31, 2025 Liabilities and Shareholder's Equity Current Liablities: Accounts payable and accrued expenses $ 10,554,399 $ 11,694,817 Income tax payable 905,010 7,101,476 Retain
Slide 14: Condensed Consolidated Interim Statements of Profit or Loss
Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income (Loss) Financial Information Three months ended June 30, 2026 2025 Revenues Rental revenue $ 14,715,722 $ 11,589,985 Other 27,099 102,707 Total revenues 14,742,821 11,692,692 Investment property operating expe
Slide 15: Reconciliation for NOI and Cash NOI
Reconciliation for Net Operating Income (NOI) and Cash Net Operating Income Financial Information Rental Revenues Top Line $14.7 M (-) Prop. Op. exp. $-2.6M NOI 82.7% margin $12.2 M (±) Straight Line Rent. $0.08M Cash NOI 83.2% margin $12.2 M (-) Non-SP &CC Adj. $2.4M Same Property Cash NOI 30 build
Slide 16: Reconciliation for Adjusted EBITDA, FFO and AFFO
Reconciliation for Adjusted EBITDA, Adjusted EBITDA Margin, FFO and AFFO (1) Adjusted EBITDA (US$M) and EBITDA Margin Financial Information 6.3 7.3 8.4 8.9 9.4 53.7% 56.7% 61.3% 61.7% 63.6% Adj. EBITDA EBITDA Margin Q2 2025 Q3 20205 Q4 2025 Q1 2026 Q2 2026 48.0% 50.0% 52.0% 54.0% 56.0% 58.0% 60.0% 6
Slide 17: Portfolio overview by market – June 30, 2026
Portfolio overview by market – June 30, 2026 Operations GLA by Market – Operating Portfolio (‘000 sq ft) FMV by Market – Operating Portfolio $620.7 m 5,293 5,550 5,804 5,804 5,804 2,516 2,516 2,516 2,516 2,516 1,521 1,521 1,775 1,775 1,775 1,255 1,255 1,255 1,255 1,255 258 258 258 258 CR PER COL MEX
Slide 18: Operating Portfolio – period-end occupancy
Operating Portfolio – period-end occupancy Operations Operating Portfolio 100.0% +582 bps YoY Costa Rica 100.0% + 504 bps YoY Peru 100.0% + 493 bps YoY Period-end Occupancy by Market Colombia 100.0% + 846 bps YoY Mexico 100.0% + n/a bps QoQ Total Operating Portfolio Period-end Occupancy 94.5 97.9 10
Slide 19: Rental Revenues
Rental Revenues Operations Rental Revenues by Market (US$M) Revenue Mix by Market 11.6 12.2 13.6 14.4 14.7 5.9 6.0 6.2 6.2 6.3 3.3 3.5 4.2 4.7 4.9 2.4 2.5 2.8 3.0 3.10.2 0.4 0.5 0.5 CR PER COL MEX Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 — 5.0 10.0 15.0 20.0 50.9 49.2 49.1 43.2 42.6 28.4 28.7 29.2 32
Slide 20: Average Rent per Square Foot per Year
Average Rent per Square Foot per Year Operations Total Portfolio $8.88 /sq ft/yr + 10.0% YoY Costa Rica $8.81 /sq ft/yr Peru $8.97 /sq ft/yr + 17.1% YoY Total Portfolio Avg. Rent (US$/sq ft/yr) Colombia $9.34 /sq ft/yr + 27.2% YoY Mexico $6.72 /sq ft/yr + 0.6% QoQ Total Portfolio Avg. Rent (US$/sq f
Slide 21: Net Operating Income (NOI)
Net Operating Income (NOI) Operations Q2 2026 NOI + 27.0% YoY Q2 2026 Cash NOI + 27.3% YoY NOI Margin 82.7% + 1 bps YoY NOI and Cash NOI (US$M) NOI by Geography (US$M) NOI Margin Costa Rica % of NOI 43.1% largest contributor Annualized NOI $48.7 M Q2 2026 x 4 9.6 10.4 11.6 12.1 12.2 5.0 5.2 5.3 5.3
Slide 22: Same Property Net Operating Income (NOI)
Same Property Net Operating Income (NOI) Operations Period End Occupancy Same Property (%) Same Property YoY Change (%) 93.9% 97.6% 100.0% 100.0% 100.0% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 —% 20.0% 40.0% 60.0% 80.0% 100.0% (0.4)% 4.8% 5.0% 10.7% 14.5% (1.9)% 3.2% 5.0% 11.0% 15.6% NOI Cash NOI Q2
Slide 23: Customer Concentration and Lease Expiration Analysis
Customer Concentration and Lease Expiration Analysis Operations Customer Type Mix - % of NER Top 10 Customers - % of NER Lease Expiration Schedule Contractual Rental Increases - % of NER Leases by Currency 31.6% 35.1% 22.8% 10.5% Logistic Services Consumer Goods Distribution Retailer Manufacturing a
Slide 24: Development Pipeline
Development Pipeline Capital Deployment Active Projects 2 Under development Total GLA under development 440,383 pipeline TEI Total Est. Investment $21.3 M Pre Leased 91.9% Wtd. Avg. Development Yield 20.6% Invested vs Remaining to Invest (US$ M) Sq Ft % of pipeline GLA est. stabilization (1) Reflect
Slide 25: Land Portfolio
Land Portfolio Capital Deployment Land FMV by Market (US$M) Buildable GLA (Sq Ft in millions) (1) Buildable GLA of the Land Bank (2) Peru has a land lease contract with a third-party whereas LPA, through a 40% LPA -60% Capia ownership structure, acts as a lessee. Gross Land Area (Acres) Buildable Ar
Slide 26: Debt Summary and Metrics
Debt Summary and Metrics Capitalization Total Debt $320.8 M carrying value Net Debt $280.0 M less cash $40.8 million Net Debt(1) / Inv. Props 40.7% vs. 40.2% Q4 2025 Net Debt(1)/ Adj. EBITDA 8.2x vs. 9.1x Q4 2025 Net Debt(1)/ NOI 6.1x vs. 6.4x Q4 2025 Net Debt(1)/ Profit and Loss 12.3x vs. 16.2x Q4
Slide 27: Definitions
Definitions 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 Securities and Exchange Commission (“SEC”) and other public reports for fu
Slide 28: Definitions
Definitions Discounted Cash Flow Method Using this valuation method, future cash flows forecasted over an investment horizon, together with the proceeds of a deemed disposition at the end of the holding period. This method allows for modeling any uneven revenues or costs associated with lease-up, re
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