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.
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