Logistic Properties of the Americas (LPA)

LPA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	44.92	43.58	39.33	31.89	25.55	18.92
Other Revenue	0.3	0.28	0.11	0.09	0.04	0.17
Total Revenue	45.22	43.86	39.44	31.98	25.6	19.08
Revenue Growth (YoY	7.03%	11.22%	23.30%	24.95%	34.14%	71.37%
Property Expenses	7.77	6.97	5.14	5.41	4.09	2.64
Selling, General & Administrative	17.52	15.34	8.51	4.61	5.39	4.46
Depreciation & Amortization	-	-	-	-	-	0.21
Total Operating Expenses	26.44	23.46	13.65	10.02	9.48	7.31
Operating Income	18.78	20.41	25.78	21.97	16.11	11.78
Interest Expense	-22.48	-22.77	-22.29	-15.43	-9.27	-6.9
Interest & Investment Income	1.58	1.92	0.96	0.66	0.51	0.32
Currency Exchange Gain (Loss)	0.11	-0.1	0.28	0.3	-0.71	-0.57
Other Non-Operating Income	10.56	10.55	-0.59	-0.11	-1.83	-0.7
EBT Excluding Unusual Items	8.56	10	4.16	7.39	4.82	3.93
Merger & Restructuring Charges	-46.21	-52.38	-6.15	-0.31	-	-
Gain (Loss) on Sale of Assets	-	-	2.1	-0.43	-0	-
Asset Writedown	29.06	32.35	20.15	3.53	12.61	-1.86
Total Legal Settlements	-	-	0.1	-0.27	-	-
Other Unusual Items	44.93	0.17	-8.23	3.78	-	-
Pretax Income	36.33	-9.86	12.14	13.68	17.43	2.07
Income Tax Expense	8.24	9.56	4.98	2.24	8.76	7.86
Earnings From Continuing Operations	28.09	-19.43	7.16	11.44	8.67	-5.79
Net Income to Company	28.09	-19.43	7.16	11.44	8.67	-5.79
Minority Interest in Earnings	-10.08	-9.86	-4.02	-3.41	-4.54	-0.31
Net Income	18.01	-29.29	3.14	8.03	4.13	-6.09
Net Income to Common	18.01	-29.29	3.14	8.03	4.13	-6.09
Net Income Growth	-	-	-60.90%	94.56%	-	-
Basic Shares Outstanding	32	31	29	29	168	168
Diluted Shares Outstanding	32	31	29	29	168	168
Shares Change (YoY)	10.37%	8.37%	-	-82.99%	-	-
EPS (Basic)	0.57	-0.94	0.11	0.28	0.02	-0.04
EPS (Diluted)	0.57	-0.94	0.11	0.28	0.02	-0.04
EPS Growth	-	-	-60.90%	1043.88%	-	-
Operating Margin	41.54%	46.52%	65.38%	68.68%	62.96%	61.71%
Profit Margin	39.84%	-66.77%	7.96%	25.10%	16.12%	-31.92%
EBITDA	20.14	21.45	25.89	22.09	16.25	11.89
EBITDA Margin	44.53%	48.91%	65.66%	69.07%	63.50%	62.30%
D&A For Ebitda	1.35	1.05	0.11	0.12	0.14	0.11
EBIT	18.78	20.41	25.78	21.97	16.11	11.78
EBIT Margin	41.54%	46.52%	65.38%	68.68%	62.96%	61.71%
Funds From Operations (FFO)	-6.9	-7.3	-9.06	8.92	-2.93	-
Adjusted Funds From Operations (AFFO)	-	-7.01	-5.2	3.05	-4.51	-
Effective Tax Rate	22.68%	-	41.04%	16.35%	50.25%	379.04%
Revenue as Reported	45.22	43.86	39.44	31.98	25.6	19.08

Updated Apr 2, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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