Logistic Properties of The Americas Reports 14.3% Revenue Increase in Third Quarter 2025
Reuters
Nov 13
Logistic Properties of The Americas Reports 14.3% Revenue Increase in Third Quarter 2025
Logistic Properties of the Americas (NYSE American: LPA) reported its unaudited consolidated financial results for the third quarter ended September 30, 2025. The company recorded a 14.3% increase in revenue for the third quarter and an 11.2% increase year-to-date. As of September 30, 2025, LPA's operating real estate portfolio comprised 33 properties with a gross leasable area (GLA) of 5,550,277 square feet and a 98% occupancy rate. The number of tenants increased to 57 compared to 51 in the same period last year. The average rent per square foot rose to $8.14 from $7.92 in the third quarter of 2024. During the quarter, LPA expanded into Mexico with the acquisition of two logistics assets in Puebla. The company expects to continue achieving similar or higher organic growth rates in 2026.
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