Logistic Properties Of The Americas · AMEX:LPA
Logistic Properties Of The Americas — Q2 2025 Earnings Presentation
27 slides from Logistic Properties Of The Americas's earnings presentation, Aug 14, 2025
Slide 1: Logistic Properties of the Americas Second Quarter 2025 Supplemental Information
Logistic Properties of the Americas Second Quarter 2025 Supplemental Information LPA Parque Logístico Calle 80 – Bogota, Colombia LPA Parque Logístico Calle 80 – Bogota, Colombia
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: Leading developer, owner, acquirer and manager of logistic 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 Central and South America. LPA is one of the few, internally managed, vertically-integrated and institutional platforms operating across the regi
Slide 4: Content
Content Highlights • Company Profile 5 • 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, Adju
Slide 5: Highlights: Company Profile
Highlights Company Profile As of June 30, 2025 7.3 mm sqft 94.5% 81.9% (1) Example Properties Gross Leasable Area Occupancy (2) US dollars-denominated Leases(3) SAN JOSE, COSTA RICA Current Operations Logistic Park Operating Development Land Reserves San Jose GLA (sqft) GLA (sqft) (acres) (6) Verben
Slide 6: Highlights: Company Performance
Highlights Company Performance As of and for the three months ended US$ in millions, except for number of buildings, sq ft, and percentages June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Portfolio (sq ft) Same Property Portfolio No. of buildings 28 28 27 27 27 Gross
Slide 7: Financial Summary
Highlights Financial Summary As of and for the three months ended US$ in millions, except for percentages June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Rental revenues 11.6 11.8 11.0 11.2 10.9 Revenues 11.7 11.8 11.1 11.3 11.0 Cash net operating income (Cash NOI) 9.
Slide 8: Condensed Consolidated Interim Statements of Financial Position
Financial Information Condensed Consolidated Interim Statements of Financial Position As of June 30, 2025 December 31, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 25,572,768 $ 28,827,347 Lease and other receivables, net 3,082,111 2,641,772 Receivables from the sale of investment properti
Slide 9: Statements of Financial Position (continued)
Financial Information Condensed Consolidated Interim Statements of Financial Position (continued) As of June 30, 2025 December 31, 2024 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 10,979,450 $ 8,356,915 Income tax payable 3,065,308 2,764,352 Reta
Slide 10: Statements of Profit or Loss and Other Comprehensive Income (Loss)
Financial Information Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income (Loss) Three Months Ended June 30, 2025 2024 REVENUES Rental revenue $ 11,589,985 $ 10,947,094 Other revenue 102,707 39,842 Total revenues 11,692,692 10,986,936 Investment property operat
Slide 11: Reconciliation for Adjusted EBITDA, FFO, AFFO, NOI and NOI margin
Financial Information Reconciliation for Adjusted EBITDA, Adjusted EBITDA margin, FFO, AFFO, NOI and NOI margin(1) For the three months ended US$ in millions, except for percentages June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Revenues 11.7 11.8 11.1 11.3 11.0 PROF
Slide 12: Reconciliation for Adjusted EBITDA, FFO, AFFO, NOI (continued)
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 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Net Operating Income Rental revenues 11.6 11.8 11.
Slide 13: Total Portfolio GLA
Operations Overview Total Portfolio GLA (in thousands of sq ft) Total Portfolio Development GLA Operating GLA 5,771 5,772 5,543 5,288 5,289 478 479 421 166 324 5,293 5,293 5,122 5,122 4,965 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 By Geography Costa Rica Peru Colombia 2,516 2,516 2,516 2,516 2,516 1,
Slide 14: Operating Portfolio – Period End Occupancy (%)
Operations Overview Operating Portfolio – Period End Occupancy (%) Total Operating Portfolio 94.5 98.0 98.3 94.5 94.6 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 By Geography Costa Rica Peru Colombia 92.2 100.0 100.0 90.0 90.0 95.2 98.7 99.4 99.2 99.8 95.3 95.3 94.8 89.9 89.9 Q2 Q1 Q4 Q3 Q2 Q2 Q1 Q4 Q3
Slide 15: Rental Revenues (US$ million)
Operations Overview Rental Revenues (US$ million) Total Portfolio (for the three months ended) 11.6 11.8 11.0 11.2 10.9 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 By Geography (for the three months ended) Costa Rica Peru Colombia 3.3 3.4 3.0 2.9 2.4 2.4 2.3 2.6 2.1 2.0 5.9 6.0 6.2 6.1 6.0 Q2 Q1 Q4 Q3 Q
Slide 16: Net Operating Income (US$ million)
Operations Overview Net Operating Income (US$ million) Total Portfolio (for the three months ended) NOI Cash NOI 9.6 9.6 9.4 9.2 8.9 8.9 9.6 9.2 9.2 8.7 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 NOI and Cash NOI by Geography (for the three months ended) Costa Rica Peru Colombia 5.2 5.2 5.4 5.3 5.4 5.2
Slide 17: Average Net Effective Rent per Square Foot
Operations Overview Average Net Effective Rent per Square Foot (US$/SqFt/Yr) Total Portfolio 8.07 7.96 7.79 7.92 7.87 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 By Geography Costa Rica Peru Colombia 8.68 8.60 8.57 8.72 8.60 7.66 7.58 7.49 7.41 7.38 7.34 7.14 6.55 6.76 6.81 Q2 Q1 Q4 Q3 Q2 Q2 Q1 Q4 Q3 Q2
Slide 18: Same-Property NOI Growth (% YTD YoY)
Operations Overview Same-Property NOI Growth (% YTD YoY) Total Same-Property Portfolio NOI Cash NOI 14.4% 8.8% 9.2% 5.0% 1.3% 2.0% (0.4)%(1.9)% (3.0)%(4.3)% Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 By Geography Same-Property NOI Growth (% QTD YoY) Costa Rica Peru Colombia 40.5% 4.4% 3.1% 9.3% 23.9% 1
Slide 19: Other Non-IFRS Metrics (US$ million)
Financial Overview Other Non-IFRS Metrics (US$ million) Adjusted EBITDA (for the three months ended) 6.7 6.3 6.0 5.8 5.9 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 FFO, as defined by LPA (for the three months ended) (0.1) (0.6) (0.5) (2.2) (3.6) Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 19
Slide 20: Customer Concentration and Lease Expiration Analysis
Operations Customer Concentration and Lease Expiration Analysis As of June 30, 2025 Top 10 Customers as % of Net Effective Rent % of Net Total Square Effective Rent Feet Lease Expirations Net Effective Rent 1 Kuehne + Nagel 7.3% 384,777 % of Currency 2 Pequeño Mundo 6.1% 270,572 3 Alicorp 5.8% 335,8
Slide 21: Investment Properties Portfolio
Operations Investment Properties Portfolio As of June 30, 2025 US$ in US$ in US$ in millions millions millions Square Feet Net Effective Rent Investment Properties Year to US$ in millions, except for number of No. of Occupied Leased Date Total fair buildings, sq ft, and percentages buildings Total %
Slide 22: Development Portfolio
Capital Deployment Development Portfolio As of June 30, 2025 US$ in millions, except for sq ft, percentages and dates TEI Invested to Date Annualized Est. estimated Annualized Est. Est. Occupied Leased Land + Land + Stabilization Rent estimated Return on Develop. Project Sq Ft % % FMV Infra Shell To
Slide 23: Land Portfolio
Capital Deployment Land Portfolio As of June 30, 2025 and December 31, 2024 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 Q2 2025 Q4 2024 % Change Q2 2025 Q4 2024 % Change Q2 2025 Q4 2024 % Change Q2 2025 Q4 2024
Slide 24: Debt Summary and Metrics
Capitalization Debt Summary and Metrics As of June 30, 2025 Debt Summary Debt Metrics US$ in millions Loans Wtd Avg.Cash Q2 2025 Q1 2025 Maturity Interest Rate Remainder of 2025 $ 4,507,486 6.1% Net debt (US$ in millions) 244.1 232.8 2026 $ 10,302,940 5.9% 2027 $ 11,331,629 6.0% Net debt over invest
Slide 25: 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 26: Definitions
Definitions Return on Cost This is calculated on development properties as Stabilized rental revenue divided by TEI. Discounted Cash Flow Method Same-Property Our Same-Property metrics are non-IFRS financial measures, which are commonly used in the real estate Using this valuation method, future cas
Slide 27: www.lpamericas.com
www.lpamericas.com
Logistic Properties of the Americas — Q2 2025 Earnings Presentation on 6ix