Logistic Properties of the Americas (LPA) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 information presented during this call is intended for informational purposes only and does not constitute and 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 filings with the SEC. Our actual results, performance, and prospective opportunities may differ materially from those expressed or implied in these statements. We undertake no obligation to update 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.lpamerica.com, to download these materials. Please also note that all comparisons that we will discuss during today's call are year-over-year, unless we note otherwise. Esteban will begin today's review. Esteban, please go ahead. Thanks, Camilo, and good morning, everyone. Thank you for joining our call. LPA's regional platform continued growing at a solid pace in the second quarter, during which we continued to lay the groundwork to expand our property portfolio further to capture more growth in our target markets, where barriers to entry remain elevated in highly strategic locations. During the second quarter, rental revenue increased 6.4% to $11.7 million and through 9.6% on a six-month basis. This growth was led by properties in Colombia and Peru during the quarter, at the end of which our entire operating portfolio was 98% leased, a commitment that we made when...