LPA Reports Q2 2026 Earnings with Strong Growth and Strategic Shift to Mexican Market
Logistics Property America (NYSE: LPA) reported strong second-quarter results for fiscal year 2026, driven by growth in its operations across Latin America. Revenue reached $14.7 million, up 26.1% year over year, with notable contributions from Peru and Colombia markets. The company’s Net Operating Income (NOI) increased to $12.2 million (+27%), while Same-Property NOI rose by 15%. Portfolio occupancy remained at a full 100%, reflecting strong demand for logistics space. The firm announced the sale of its Lima Sur Park in Peru for $145 million, with net proceeds of $65 million to be redeployed into high-return industrial assets in Mexico. Management outlined plans to shift capital toward Greater Mexico City through a $200 million acquisition pipeline over 12–18 months, aiming for more than half the portfolio to be based there within three years. Risks highlighted include unresolved USMCA trade policy and high interest rates in Colombia affecting development timing. Despite these challenges, LPA’s strategic reallocation signals confidence in Mexico's logistics market.
