Brazil · Delayed Price · Currency is BRL LOG Commercial Properties e Participações Earnings Call Transcripts
Fiscal Year 2026
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Record Q3 absorption and a 13.8% pre-lease Yield on Cost supported higher net profit despite a smaller average portfolio after asset sales. Development, recycling, services growth, and disciplined leverage remain central to the strategy.
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Q2 2026 saw record ABL deliveries, 24.5% growth in gross absorption, and net revenue up 7.3% YoY. Strong asset recycling and disciplined capital management drove net profit to BRL 58.7 million for the quarter, with robust cash generation supporting increased dividends.
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Record financial results in Q1 2026 driven by strong e-commerce demand, high occupancy, and major asset sales. Accelerated construction and asset recycling support growth, with leverage set to decrease and service revenues rising.
Fiscal Year 2025
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Achieved record low vacancy, strong revenue and EBITDA growth, and announced a BRL 1.5 billion asset sale to fund expansion and reduce leverage. Service revenues and asset management grew rapidly, with continued focus on capital efficiency and dividend payments.
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Strong demand and low vacancy drove robust leasing and financial results, with net income up 14.7% YoY and service revenues surging 62%. Asset recycling and disciplined capital management supported expansion, while service revenue is on track to cover SG&A.
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Strong Q1 performance with 102,000 sq m delivered, all pre-leased, and net income up 56% year-over-year. Asset recycling and disciplined capital management support growth, with guidance reaffirmed and robust liquidity for 2025 plans.
Fiscal Year 2024
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2024 saw record sales, revenue, and deliveries, with strong EBITDA and net income growth, reduced leverage, and high dividend payouts. The LOG 2 Million plan targets 2 million sqm of GLA by 2028, with continued focus on asset recycling and disciplined capital management.
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Record asset sales and strong demand drove double-digit revenue and EBITDA growth, with vacancy at a historic low and leverage further reduced. E-commerce tenants now dominate the portfolio, and robust pre-leasing and asset management growth support a positive outlook for 2025.
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Record quarterly production and strong asset sales drove net income up 109% year-over-year, with robust pre-leasing and e-commerce demand fueling growth. Asset recycling and share buybacks enhanced returns, while cost controls and stable construction expenses supported profitability.