Tearsheet

Logistic Properties of the Americas (LPA)

Market Price (5/29/2026): $2.87 | Market Cap: $90.7 Mil
Sector: Real Estate | Industry: Real Estate Development

Logistic Properties of the Americas (LPA)

Market Price (5/29/2026): $2.87
Market Cap: $90.7 Mil
Sector: Real Estate
Industry: Real Estate Development

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%

Megatrend and thematic drivers
Megatrends include E-commerce Logistics & Data Centers, Automation & Robotics, and E-commerce & Digital Retail. Themes include E-commerce Logistics REITs, Show more.

Weak multi-year price returns
2Y Excs Rtn is -116%, 3Y Excs Rtn is -162%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 322%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -26%

Key risks
LPA key risks include [1] high leverage with weak debt and interest coverage, Show more.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%
2	Megatrend and thematic drivers Megatrends include E-commerce Logistics & Data Centers, Automation & Robotics, and E-commerce & Digital Retail. Themes include E-commerce Logistics REITs, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -116%, 3Y Excs Rtn is -162%
4	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 322%
5	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -26%
6	Key risks LPA key risks include [1] high leverage with weak debt and interest coverage, Show more.

Valuation, Metrics & Events

	5/29/26	2025	2024	2023	2022
Share Price CYE	$2.87	$2.73	$10.70	�	�
Market Cap CYE ($ Mil)	90.7	86.1	340.1	-	-
Total Debt ($ Mil)	322.3	308.6	279.3	273.0	209.3
Total Cash ($ Mil)	28.1	20.7	23.7	32.2	12.5
Enterprise Value ($ Mil)	384.9	394.7	619.4
Valuation Ratios
P/S TTM	1.7	1.7	7.8	-	-
P/EBIT TTM	2.4	1.9	27.0	-	-
P/E TTM	27.3	8.2	-11.6	-	-
P/FCF TTM	-6.7	-11.8	128.3	-	-
Sector Ratios
P/S TTM (Sector)	5.8	5.1	5.3	5.2	5.3
P/EBIT TTM (Sector)	14.4	14.0	16.9	15.5	16.5
P/E TTM (Sector)	23.4	21.2	25.6	23.0	22.4
P/FCF TTM (Sector)	14.5	13.0	14.5	13.8	13.7

	5/29/26	2025	2024
Share Price CYE	$2.87	$2.73	$10.70
Market Cap CYE ($ Mil)	90.7	86.1	340.1
Total Debt ($ Mil)	322.3	308.6	279.3
Total Cash ($ Mil)	28.1	20.7	23.7
Enterprise Value ($ Mil)	384.9	394.7	619.4
Valuation Ratios
P/S TTM	1.7	1.7	7.8
P/EBIT TTM	2.4	1.9	27.0
P/E TTM	27.3	8.2	-11.6
P/FCF TTM	-6.7	-11.8	128.3
Sector Ratios
P/S TTM (Sector)	5.8	5.1	5.3
P/EBIT TTM (Sector)	14.4	14.0	16.9
P/E TTM (Sector)	23.4	21.2	25.6
P/FCF TTM (Sector)	14.5	13.0	14.5

	LPA	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	0.1
Rev Chg Q	21.6%	8.7%
Rev Chg LTM	16.5%	7.4%
Rev Chg 3Y Avg	11.8%	5.8%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.0
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	52.1%	18.4%
CFO/Rev LTM	33.5%	21.1%
Net Inc Mgn	6.3%	12.9%
VALUATION	MODERATE
P/S	1.7	3.2
P/CFO	5.1	15.1
P/FCF	-6.7	19.6
P/E	27.3	23.7

AI Analysis | Feedback

Metric	Value	Date	Source
Gross Leasable Area	7.3 million sqft	6302025	Link
Occupancy Rate	94.5%	6302025	Link
Average Lease Term	5.0 years	6302025	Link
Number of Logistics Facilities	33	6302025	Link
Percentage of Operating GLA Leased	98.2%	6302025	Link

Upcoming
8/12/2026	Earnings Release	Rev: - EPS: -

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 5/28/2026
Logistic Properties of the Americas (LPA) stock has remained largely at the same level since 1/31/2026 because of the following key factors:

1. Strong operational performance in Q1 2026 was largely offset by a significant non-cash investment property valuation loss. Logistic Properties of the Americas reported robust Q1 2026 results, with revenues increasing 21.6% year-over-year to $14.4 million and Net Operating Income (NOI) rising 28.6% to $12.1 million. The company also achieved 100.0% occupancy across its operating portfolio and saw Same-Property Cash NOI climb 10.9%. However, these positive operational metrics were counteracted by a substantial $9.2 million non-cash investment property valuation loss, a reversal from a $1.9 million gain in the prior-year quarter, primarily due to asset valuation adjustments in Colombia and Peru reflecting evolving market conditions.

2. Elevated financing costs and a one-time tax charge contributed to a net loss, despite robust top-line growth. The company posted a net loss of $7.6 million (or $(0.25) per share) in Q1 2026, a significant decline from a $1.1 million net profit in Q1 2025. This loss was partly driven by higher financing costs, which amounted to $5.9 million. Additionally, general and administrative expenses increased 13.3% to $4.0 million, primarily due to a one-time emergency tax charge levied by the Colombian government, impacting quarterly results by approximately $400,000.

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Stock Movement Drivers

Fundamental Drivers

The -2.4% change in LPA stock from 1/31/2026 to 5/28/2026 was primarily driven by a -55.2% change in the company's Net Income Margin (%).

(LTM values as of)	1312026	5282026	Change
Stock Price ($)	2.96	2.89	-2.4%
Change Contribution By:
Total Revenues ($ Mil)	48	53	10.8%
Net Income Margin (%)	14.1%	6.3%	-55.2%
P/E Multiple	13.9	27.5	97.3%
Shares Outstanding (Mil)	32	32	-0.3%
Cumulative Contribution			-2.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/28/2026

	Return	Correlation
LPA	-2.4%
Market (SPY)	9.3%	14.4%
Sector (XLRE)	7.9%	12.9%

Fundamental Drivers

The -14.7% change in LPA stock from 10/31/2025 to 5/28/2026 was primarily driven by a -58.1% change in the company's Net Income Margin (%).

(LTM values as of)	10312025	5282026	Change
Stock Price ($)	3.39	2.89	-14.7%
Change Contribution By:
Total Revenues ($ Mil)	46	53	14.7%
Net Income Margin (%)	15.0%	6.3%	-58.1%
P/E Multiple	15.5	27.5	77.3%
Shares Outstanding (Mil)	32	32	-0.1%
Cumulative Contribution			-14.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/28/2026

	Return	Correlation
LPA	-14.7%
Market (SPY)	11.3%	20.3%
Sector (XLRE)	10.5%	21.4%

Fundamental Drivers

The -58.3% change in LPA stock from 4/30/2025 to 5/28/2026 was primarily driven by a -65.5% change in the company's P/S Multiple.

(LTM values as of)	4302025	5282026	Change
Stock Price ($)	6.93	2.89	-58.3%
Change Contribution By:
Total Revenues ($ Mil)	44	53	20.1%
P/S Multiple	5.0	1.7	-65.5%
Shares Outstanding (Mil)	32	32	0.5%
Cumulative Contribution			-58.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/28/2026

	Return	Correlation
LPA	-58.3%
Market (SPY)	37.6%	18.6%
Sector (XLRE)	11.3%	18.2%

Fundamental Drivers

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Market Drivers

4/30/2023 to 5/28/2026

	Return	Correlation
LPA
Market (SPY)	88.5%	-1.4%
Sector (XLRE)	30.4%	6.7%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
LPA Return	-	-	-	-33%	-74%	4%	-82%
Peers Return	66%	-30%	19%	-14%	15%	9%	48%
S&P 500 Return	27%	-19%	24%	23%	16%	10%	100%
Monthly Win Rates [3]
LPA Win Rate	-	-	-	40%	17%	60%
Peers Win Rate	77%	33%	55%	43%	68%	72%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
LPA Max Drawdown	-	-	-	-	-76%	-25%
Peers Max Drawdown	-10%	-39%	-24%	-21%	-23%	-11%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: PLD, REXR, EGP, STAG, FR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/28/2026 (YTD)

Event

Compare to PLD, REXR, EGP, STAG, FR

In The Past

Logistic Properties of the Americas's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

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Asset Allocation

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Event

Compare to PLD, REXR, EGP, STAG, FR

In The Past

Logistic Properties of the Americas's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Logistic Properties of the Americas (LPA)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

As of March 27, 2024, two was acquired by Latam Logistic Properties, S.A., in a reverse merger transaction. Latam Logistic Properties, S.A. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in technology sector. Latam Logistic Properties, S.A. was incorporated in 2021 and is based in Zephyr Cove, Nevada.

AI Analysis | Feedback

Here are 1-2 brief analogies for Logistic Properties of the Americas (LPA):

It's like a publicly traded holding company that is currently "empty" of operating businesses, and is actively searching to acquire one private technology company to make it its new core operation.
Think of it as a publicly traded private equity firm that has divested all its previous holdings and is now solely focused on acquiring a private technology company to become its new singular public business.

AI Analysis | Feedback

Business Combination Pursuit: The company's primary activity involves identifying and completing a merger or similar business combination with one or more businesses in the technology sector.

AI Analysis | Feedback

Based on the provided information, Logistic Properties of the Americas (LPA) was acquired by Latam Logistic Properties, S.A. in a reverse merger. Latam Logistic Properties, S.A. does not have significant operations and intends to effect a business combination with one or more businesses in the technology sector.

Therefore, as of the current status described, Logistic Properties of the Americas (LPA) does not have major customers as it does not have significant operations or sales activities in the traditional sense.

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Esteban Saldarriaga, Chief Executive Officer

Esteban Saldarriaga has served as the Chief Executive Officer of LPA since the successful closing of the business combination in March 2024, and previously as CEO of LatAm Logistic Properties, S.A. (LLP) since November 2022, after serving on LLP's board of directors from 2016. He is also a member of the board of directors and the Investment Committee of Colombian Healthcare Properties, a portfolio company of Jaguar Growth Partners. Prior to this, Mr. Saldarriaga held roles as Investments Principal, VP, and Associate at Jaguar Growth Partners, a global investment management firm focused on real estate operating companies in emerging markets. From 2013 to 2015, he was an M&A Associate at Grupo Gloria, a Latin American conglomerate, where he worked on cross-border acquisitions and integrations.

Paul Smith, Chief Financial Officer

Paul Smith assumed the role of Chief Financial Officer for LPA on May 13, 2024. He brings over 15 years of experience as a CFO for both public and private companies, including VTrips Holdings, Hoteles City Express, Envases Universales, SAPI, and Grupo Marti. His expertise includes financial structuring, real estate transactions, financing negotiation, and cross-border acquisitions and integrations, particularly within Latin American markets. Mr. Smith also has consulting experience from McKinsey & Co.

Annette Fernandez, Chief Operations Officer

Annette Fernandez was appointed Chief Operations Officer of LPA on May 13, 2024. She previously served as CFO of LatAm Logistic Properties, S.A. (LLP) since 2017 and as COO of LLP since 2023. Before joining LPA and LLP, Ms. Fernandez spent 13 years at Prologis, a real estate investment trust specializing in logistics facilities, and 5 years at PwC.

Guillermo Zarco, Country Manager - Colombia

Guillermo Zarco has served as the Country Manager for Colombia at LPA since 2016, and previously held the same role for LLP. Prior to his tenure at LPA and LLP, Mr. Zarco spent five years as a Logistic Portfolio Manager at Terranum.

Luis C. Conejo, Country Manager - Costa Rica

Luis C. Conejo has been the Country Manager for Costa Rica at LPA since 2024. From 2020 to 2024, he served as Property Manager of Costa Rica at LLP.

AI Analysis | Feedback

The primary risk to Logistic Properties of the Americas (LPA) is the uncertainty and potential failure to successfully identify and complete a business combination with an operating company in the technology sector. As the company currently lacks significant operations, its future viability, ability to generate revenue, and shareholder value are entirely dependent on the successful execution of this strategic transaction.

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AI Analysis | Feedback

The public company Logistic Properties of the Americas (LPA) is a leading developer, owner, and manager of institutional quality, Class A industrial and logistics real estate in Central and South America. Over the next 2-3 years, several key drivers are expected to contribute to its revenue growth:

Geographic Expansion, particularly into Mexico: LPA intends to expand its operations into Mexico, leveraging existing client relationships. This expansion is expected to complement robust development opportunities in its foundational markets.
Development and Acquisition of New Logistics Facilities: The company plans to continue its growth by developing and acquiring high-quality, strategically located facilities within its target markets. For instance, LPA announced plans to construct a new 227,172 square foot facility as part of the expansion of its Parque Logístico Callao property in Peru, with new buildings expected to contribute to cash flow by late 2025 and early 2026.
Increasing Demand for Class A Logistics Real Estate: Growth in the Latin American e-commerce market and the modernization of supply chains are driving significant demand for modern, high-quality logistics facilities. LPA is positioned to capitalize on this trend by providing strategically located warehouses to meet the evolving needs of businesses in the region.
Deepening Relationships with Multinational and Regional Tenants: LPA serves a diverse customer base, including global and regional leaders in consumer goods, third-party logistics, and retail. The company anticipates continued growth by strengthening these relationships and expanding with its customers as they grow their operations in response to increasing domestic consumption in key markets like Costa Rica, Colombia, and Peru.

AI Analysis | Feedback

Logistic Properties of the Americas (LPA) has engaged in various capital allocation decisions over the last 3-5 years, reflecting its core business as a developer, owner, and manager of logistics and industrial real estate in Central and South America.

Share Repurchases

An equity buyback program announced on November 25, 2024, by Logistic Properties of the Americas has since expired.

Share Issuance

The company has capital arrangements, including a Share Purchase Agreement and Registration Rights Agreement with New Circle Principal Investments LLC, that outline the terms for the potential issuance of ordinary shares and associated registration requirements.

Outbound Investments

In March 2026, Logistic Properties of the Americas entered into a Master Forward Purchase Agreement for strategically located Class A industrial real estate assets in Mexico.

Capital Expenditures

The company has engaged in the development and stabilization of logistics properties, including a building in Peru during the first quarter of 2025, and three buildings in 2024 (two in Peru and one in Costa Rica).
In January 2026, LPA commenced construction on Building 400 at Parque Logístico Callao in Peru, a fully pre-leased facility, after securing an anchor tenant.

Interactive Breakdown

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Better Bets vs. Logistic Properties of the Americas (LPA)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Is Logistic Properties of the Americas Stock Built to Withstand More Downside?	10/17/2025

	Title
0	ARTICLES

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SBAC_3272026_Dip_Buyer_FCFYield	03272026	SBAC	SBA Communications	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	32.4%	32.4%	0.0%
HIW_3132026_Dip_Buyer_ValueBuy	03132026	HIW	Highwoods Properties	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	13.3%	13.3%	-4.1%
ARE_3062026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03062026	ARE	Alexandria Real Estate Equities	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-18.9%	-18.9%	-19.1%
VNO_3062026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03062026	VNO	Vornado Realty Trust	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	11.0%	11.0%	-8.3%
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Peer Comparisons

Peers to compare with:

Financials

	LPA	PLD	REXR	EGP	STAG	FR	Median
Name	Logistic.	Prologis	Rexford .	EastGrou.	Stag Ind.	First In.
Mkt Price	2.89	145.64	36.01	204.80	37.99	62.56	50.28
Mkt Cap	0.1	135.6	8.2	10.9	7.3	8.3	8.3
Rev LTM	53	8,948	996	737	864	745	804
Op Inc LTM	27	3,427	391	297	329	307	318
FCF LTM	-14	5,136	213	489	411	462	436
FCF 3Y Avg	-7	5,156	159	428	391	379	385
CFO LTM	18	5,136	531	489	477	462	483
CFO 3Y Avg	18	5,156	490	428	449	379	438

Growth & Margins

	LPA	PLD	REXR	EGP	STAG	FR	Median
Name	Logistic.	Prologis	Rexford .	EastGrou.	Stag Ind.	First In.
Rev Chg LTM	16.5%	6.7%	2.2%	11.6%	10.0%	8.8%	9.4%
Rev Chg 3Y Avg	-	11.6%	14.1%	13.1%	8.8%	9.7%	11.6%
Rev Chg Q	21.6%	7.4%	-2.9%	9.1%	9.1%	10.0%	9.1%
QoQ Delta Rev Chg LTM	5.1%	1.8%	-0.7%	2.2%	2.2%	2.4%	2.2%
Op Inc Chg LTM	37.7%	5.5%	3.1%	12.9%	17.3%	9.6%	11.3%
Op Inc Chg 3Y Avg	-	12.6%	19.0%	15.3%	14.8%	11.0%	14.8%
Op Mgn LTM	52.1%	38.3%	39.2%	40.3%	38.1%	41.2%	39.8%
Op Mgn 3Y Avg	54.0%	38.6%	38.5%	40.0%	36.2%	40.6%	39.3%
QoQ Delta Op Mgn LTM	1.7%	-0.5%	1.3%	0.4%	0.3%	-1.1%	0.4%
CFO/Rev LTM	33.5%	57.4%	53.3%	66.4%	55.3%	62.0%	56.3%
CFO/Rev 3Y Avg	39.0%	60.7%	52.6%	64.4%	56.8%	54.9%	55.9%
FCF/Rev LTM	-25.8%	57.4%	21.4%	66.4%	47.5%	62.0%	52.5%
FCF/Rev 3Y Avg	-14.8%	60.7%	17.1%	64.4%	49.7%	54.9%	52.3%

Valuation

	LPA	PLD	REXR	EGP	STAG	FR	Median
Name	Logistic.	Prologis	Rexford .	EastGrou.	Stag Ind.	First In.
Mkt Cap	0.1	135.6	8.2	10.9	7.3	8.3	8.3
P/S	1.7	15.2	8.3	14.9	8.4	11.1	9.8
P/Op Inc	3.3	39.6	21.0	36.9	22.0	27.0	24.5
P/EBIT	2.5	26.2	23.9	33.9	18.9	19.3	21.6
P/E	27.5	36.5	35.4	37.4	29.7	24.2	32.6
P/CFO	5.2	26.4	15.5	22.4	15.2	18.0	16.7
Total Yield	3.6%	2.7%	7.9%	5.5%	5.7%	7.0%	5.6%
Dividend Yield	0.0%	0.0%	5.1%	2.9%	2.3%	2.9%	2.6%
FCF Yield 3Y Avg	-4.6%	4.5%	1.9%	4.6%	5.7%	5.2%	4.6%
D/E	3.5	0.3	0.4	0.2	0.4	0.3	0.4
Net D/E	3.2	0.2	0.4	0.1	0.4	0.3	0.3

Returns

	LPA	PLD	REXR	EGP	STAG	FR	Median
Name	Logistic.	Prologis	Rexford .	EastGrou.	Stag Ind.	First In.
1M Rtn	-21.5%	2.9%	0.5%	1.3%	-4.0%	0.1%	0.3%
3M Rtn	12.5%	2.9%	-3.7%	6.0%	-2.3%	-0.6%	1.2%
6M Rtn	-16.2%	15.4%	-11.4%	15.0%	-1.9%	10.6%	4.3%
12M Rtn	-65.1%	39.6%	5.1%	25.9%	11.2%	32.0%	18.5%
3Y Rtn	-81.9%	28.3%	-25.8%	38.4%	25.0%	31.6%	26.6%
1M Excs Rtn	-27.4%	-3.0%	-5.5%	-4.7%	-9.9%	-5.8%	-5.6%
3M Excs Rtn	3.0%	-6.6%	-13.1%	-3.5%	-11.8%	-10.1%	-8.3%
6M Excs Rtn	-25.0%	4.2%	-22.4%	3.0%	-13.5%	-0.4%	-6.9%
12M Excs Rtn	-91.2%	13.6%	-21.2%	-1.5%	-14.7%	4.3%	-8.1%
3Y Excs Rtn	-162.3%	-51.4%	-105.9%	-42.1%	-56.5%	-49.5%	-54.0%

FDIC Bank Data

Bank Capital

null

Bank Deposits

null

Bank Assets

null

Bank Loans

null

FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021
Period End	3/31/2026	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Filing Date	5/13/2026	3/18/2026	4/2/2025	4/26/2024	3/12/2024	4/26/2024
Key Financials
Total Revenue	53	50	44	39	32	26
Net Income	3	10	-29	3	8	4
EPS	0.10	0.33	-0.94	0.10	0.28	0.14
Growth Rates
Total Revenue Growth	16.5%	14.3%	11.2%	23.3%	25.0%	-
Net Income Growth	-81.6%	135.8%	-1032.9%	-60.9%	94.6%	-
Margins
Net Income Margin	6.3%	20.9%	-66.8%	8.0%	25.1%	16.1%
Cash & Debt
Total Cash	28	21	24	32	13	13
Total Debt	322	309	279	273	209	189
Net Debt / (Cash)	294	288	256	241	197	176
Cash Flows
Net Cash from Operations	18	22	19	17	20	10
Free Cash from Operations	-14	-7	3	-11	-21	-39
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0
Share Repurchases	1	2	1	-0	-0	-0

$ Mil \| FY: 12/31	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	3/31/2026	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023
Filing Date	5/13/2026	3/18/2026	11/12/2025	8/13/2025	5/14/2025	4/2/2025	11/13/2024	8/14/2024	5/24/2024	4/26/2024	3/12/2024	8/14/2024
Key Financials Quarterly
Total Revenue	14	14	13	12	12	11	11	11	10	12	10	10
Net Income	-8	8	5	-1	-1	4	5	10	-48	-2	1	-5
EPS	-0.25	0.24	0.15	-0.04	-0.02	0.14	0.16	0.31	-1.67	-0.06	0.05	-0.17
Key Financials TTM
Total Revenue TTM	53	50	48	46	45	44	44	43	42	41	38	36
Net Income TTM	3	10	7	7	18	-29	-35	-39	-53	2	0	-1
Growth Rates Quarterly
Total Revenue Growth	21.6%	23.3%	14.3%	6.4%	12.9%	-3.9%	10.4%	10.0%	13.3%	39.1%	23.8%	-
Net Income Growth	-979.9%	97.8%	-4.2%	-112.2%	98.5%	314.0%	265.7%	308.0%	-749.8%	49.8%	734.2%	-
Margins Quarterly
Net Income Margin	-54.9%	56.2%	36.7%	-10.3%	-6.2%	35.0%	43.8%	90.2%	-458.2%	-15.7%	13.2%	-47.7%
Cash & Debt
Total Cash	28	21	18	26	27	24	31	48	41	32	12	-
Total Debt	322	309	294	290	279	279	271	276	268	273	235	0
Net Debt / (Cash)	294	288	276	264	252	256	240	228	227	241	223	-
Cash Flows Quarterly
FCF from Operations	1	7	6	4	5	5	7	3	4	3	6	3
Cash Flows TTM
FCF from Operations TTM	18	22	20	21	20	19	17	16	17	17	16	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	0	-0	1	1	1	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	6.4%	4.8%	3.4%	4.5%	1.8%	2.9%	3.0%	4.3%	7.3%	3.8%	2.2%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	2.6%	3.2%	2.8%	2.7%	3.5%	4.8%	5.4%	5.9%	7.0%	3.5%	3.8%	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022
Single segment	44	39	32	26
Total	44	39	32	26

Price Behavior

Price Behavior

Market Price	$2.89
Market Cap ($ Bil)	0.1
First Trading Date	03/28/2024
Distance from 52W High	-65.2%
	50 Days	200 Days
DMA Price	$3.33	$3.67
DMA Trend	down	up
Distance from DMA	-13.2%	-21.3%
	3M	1YR
Volatility	63.4%	67.4%
Downside Capture	-12.05	207.78
Upside Capture	35.78	17.83
Correlation (SPY)	2.1%	21.1%

LPA Betas & Captures as of 4/30/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.32	0.14	0.78	1.21	1.12	1.31
Up Beta	1.86	1.78	1.36	1.32	2.00	0.49
Down Beta	4.20	-2.60	-1.14	0.40	0.48	1.54
Up Capture	53%	118%	157%	169%	27%	-2%
Bmk +ve Days	15	22	31	66	141	428
Stock +ve Days	10	24	33	62	110	218
Down Capture	-28%	-110%	70%	135%	137%	79%
Bmk -ve Days	4	18	30	56	108	321
Stock -ve Days	9	15	26	56	131	291

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LPA
LPA	-62.8%	67.6%	-1.19	-
Sector ETF (XLRE)	11.3%	13.3%	0.55	20.7%
Equity (SPY)	29.2%	11.8%	1.86	21.5%
Gold (GLD)	35.7%	26.7%	1.12	-0.3%
Commodities (DBC)	40.2%	18.8%	1.66	11.1%
Real Estate (VNQ)	13.3%	13.0%	0.70	24.6%
Bitcoin (BTCUSD)	-31.9%	41.6%	-0.81	13.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LPA
LPA	-28.7%	497.0%	0.59	-
Sector ETF (XLRE)	4.3%	19.0%	0.13	6.7%
Equity (SPY)	14.2%	17.0%	0.66	-1.4%
Gold (GLD)	18.6%	18.0%	0.84	1.6%
Commodities (DBC)	10.6%	19.4%	0.43	-2.9%
Real Estate (VNQ)	3.6%	18.8%	0.09	7.2%
Bitcoin (BTCUSD)	12.8%	54.7%	0.43	2.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LPA
LPA	-15.5%	497.0%	0.59	-
Sector ETF (XLRE)	7.2%	20.4%	0.31	6.7%
Equity (SPY)	15.8%	17.9%	0.75	-1.4%
Gold (GLD)	13.1%	16.0%	0.68	1.6%
Commodities (DBC)	7.3%	17.9%	0.33	-2.9%
Real Estate (VNQ)	5.7%	20.7%	0.24	7.2%
Bitcoin (BTCUSD)	66.5%	66.9%	1.06	2.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	5152026
Short Interest: Shares Quantity	0.1 Mil
Short Interest: % Change Since 4302026	13.0%
Average Daily Volume	0.0 Mil
Days-to-Cover Short Interest	5.1 days
Basic Shares Quantity	31.6 Mil
Short % of Basic Shares	0.4%

Returns Analyses

	Title
0	Is Logistic Properties of the Americas Stock Built to Withstand More Downside?

Earnings Returns History

Expand for MoreUpdated on 5292026

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
SUMMARY STATS
# Positive	0	0	0
# Negative	0	0	0
Median Positive
Median Negative
Max Positive
Max Negative

SEC Filings

Expand for More

Report Date	Filing Date	Filing
03/31/2026	05/13/2026	6-K
12/31/2025	03/18/2026	20-F
09/30/2025	11/12/2025	6-K
06/30/2025	08/13/2025	6-K
03/31/2025	05/14/2025	6-K
12/31/2024	04/02/2025	20-F
09/30/2024	11/13/2024	6-K
06/30/2024	08/14/2024	6-K
03/31/2024	05/24/2024	6-K
12/31/2023	04/26/2024	20-F
09/30/2023	03/12/2024	424B3

Recent Forward Guidance [BETA]

Latest: null Earnings Reported N/A/N/A/N/A

null

Insider Activity

Expand for MoreUpdated on 5222026
null

LPA Trade Sentinel

Stock Conviction

null

CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

Diversification Alternatives

How Is The Market Pricing LPA?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What LPA Makes & Who Pays

TTM figures based on

LPA Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why. Last Updated: 5282026

Logistic Properties of the Americas (LPA)

Market Price (5/29/2026): $2.87 | Market Cap: $90.7 MilSector: Real Estate | Industry: Real Estate Development

Logistic Properties of the Americas (LPA)

Market Price (5/29/2026): $2.87Market Cap: $90.7 MilSector: Real EstateIndustry: Real Estate Development

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

About Logistic Properties of the Americas (LPA)

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. Logistic Properties of the Americas (LPA)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Recent Forward Guidance [BETA]

Insider Activity

LPA Trade Sentinel

null

CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

Market Price (5/29/2026): $2.87 | Market Cap: $90.7 Mil
Sector: Real Estate | Industry: Real Estate Development

Market Price (5/29/2026): $2.87
Market Cap: $90.7 Mil
Sector: Real Estate
Industry: Real Estate Development