Logistic Properties of the Americas Posts Strong Q2 2026 Growth on Peru and Colombia Momentum
Event summary
- Total revenue increased 26.1% YoY to $14.7 million, driven by a 50.4% rise in Peru rental revenue and a 29.3% increase in Colombia.
- Net Operating Income (NOI) rose 27.0% to $12.2 million, with Same-Property Cash NOI up 15.6% on a constant-currency basis.
- Occupancy rate reached 100.0%, with average rent per square foot increasing 10.0% to $8.88.
- LPA announced a strategic alliance with FIBRA Prime, including the pending $145 million divestment of Parque Logístico Lima Sur.
The big picture
LPA's strong Q2 2026 performance underscores the resilience of logistics real estate demand in Latin America, particularly in Peru and Colombia. The company's strategic alliance with FIBRA Prime highlights its focus on capital efficiency and regional expansion, as it seeks to capitalize on structural undersupply and e-commerce growth across the Americas.
What we're watching
- Geographic Expansion
- Whether LPA can sustain its growth momentum in Mexico, where it recently acquired properties and expects further expansion.
- Capital Allocation
- How the $85 million net proceeds from the Parque Logístico Lima Sur divestment will be deployed to fund future growth.
- Market Demand
- The pace at which LPA can lease its 440,383-square-foot development pipeline, with 92% already pre-leased.
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