Logistic Properties of The Americas Reports 12.9% Increase in Total Revenues for Q1 2025; Significant Reduction in Listing Expenses Compared to Q1 2024

Reuters
05-15
<a href="https://laohu8.com/S/LPA">Logistic Properties</a> of The Americas Reports 12.9% Increase in Total Revenues for Q1 2025; Significant Reduction in Listing Expenses Compared to Q1 2024

Logistic Properties of The Americas has reported its financial results for the three months ended March 31, 2025. The company recorded total revenues of $11.84 million, up from $10.48 million in the same period in 2024. This increase was primarily driven by rental revenue, which rose to $11.76 million from $10.43 million in the prior year period. Despite the increase in revenues, the company reported a net loss attributable to the owners of the company of $732,447, an improvement compared to the loss of $48.03 million in the same period last year. The total comprehensive income for the period was $6.01 million, a significant turnaround from the comprehensive loss of $47.03 million reported in the first quarter of 2024. One notable factor in this period's financial performance was the translation gain from functional currency to reporting currency, which amounted to $4.94 million, compared to a loss of $569,283 in the previous year. The investment property valuation gain was $1.92 million, down from $5.20 million in the same period last year. The company continues to navigate challenges and opportunities within its market, reflecting changes in currency translation and property valuation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Logistic Properties of The Americas published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001997711-25-000054), on May 14, 2025, and is solely responsible for the information contained therein.

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