Logistic Properties of Americas stock surges on Peru asset sale

Investing.com -- Logistic Properties of The Americas (NYSE: LPA) shares jumped over 15% in after-hours trading Wednesday following the completion of its $145 million sale of Parque Logístico Lima Sur to FIBRA Prime, a diversified Real Estate Investment Trust in Peru.

The sale price represents nearly a 20% premium to the property's carrying value prior to the fair value adjustment recorded in the second quarter of 2026. The transaction involved the divestment of the approximately 1.3 million-square-foot logistics park.

LPA received $85 million at closing, with the remaining $60 million payable in two equal installments of $30 million each, due 12 and 24 months after closing. To accelerate access to the deferred proceeds, LPA entered into a $55 million credit facility with BTG Pactual, bearing interest at a fixed annual rate of 8.50%.

The company plans to redeploy the proceeds into its investment pipeline in Mexico, targeting acquisitions and its previously announced master forward purchase agreement with Fortem Capital for stabilized assets in Central Park 57. LPA will continue to manage the property on behalf of FIBRA Prime, earning fee income for property operations and tenant relationships.

The company's book value per share stood at $8.62 as of June 30, 2026. As of that date, LPA's operating and development portfolio comprised 34 logistics facilities in Costa Rica, Colombia, Peru, and Mexico totaling approximately 6.2 million square feet of gross leasable area.

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