Logistic Properties of the Americas (LPA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

My name is Audra, and I will be your operator for today's call. At this time, all participants are in a listen-only mode, and please note that this call is being recorded. There will be an opportunity for you to ask questions at the end of today's presentation. Now, I would like to turn the call over to Mr. Camilo Ulloa, Investor Relations. Please go ahead, sir. Welcome to LPA's first quarter 2025 earnings conference call. My name is Camilo Yoa with LPA's Investor Relations Team. Joining me on today's call are Esteban Saldarriaga, our Chief Executive Officer, and Paul Smith, Chief Financial Officer. Before we proceed with our review of LPA's financial and operating results, please note that the information presented through this call is intended for informational purposes only. and does not constitute an offer to buy or sell any securities. Forward-looking statements made during this call are subject to a number of risks and uncertainties which are discussed in LPA's findings with the SEC. Our actual results, performance, and prospective opportunities may differ materially from those expressed or implied in these statements. We undertake an obligation to audit or revise any forward-looking statements after this call. We have prepared supplemental materials that we may reference during the call. We encourage you to visit our website, ir.lpamericas.com, to download these materials. Esteban will begin today's review. Esteban, please go ahead. Thank you, Camilo, and welcome, everyone. Thank you for joining our earnings call. LPA's growth accelerated in the first quarter, with revenue increasing 12.9% to $11.8 million, and NOI growing almost 6% to $9.4 million. Leading this growth was Peru, as we continued cultivating our existing customers and deepening our relationships...