Story
Logistic Properties of Americas Shares Soar After $145 Million Peru Asset Sale
Summary
LPA stock jumped over 15% in after-hours trading following the completed divestment of a major logistics park in Peru for $145 million, a price representing a significant premium to its book value.
Shares of Logistic Properties of The Americas (NYSE:LPA) surged more than 15% in after-hours trading on Wednesday after the company announced the completion of a $145 million asset sale in Peru. The transaction involves the divestment of its Parque Logístico Lima Sur property to FIBRA Prime, a Peruvian Real Estate Investment Trust.
Details of the Transaction
The sale price for the approximately 1.3 million-square-foot logistics park represents a premium of nearly 20% to the property's carrying value prior to a fair value adjustment recorded in the second quarter of 2026. The deal underscores strong market valuation for prime industrial real estate assets in the region.
According to the announcement, LPA received $85 million at closing. The remaining $60 million is structured as deferred payment, payable in two equal installments of $30 million at 12 and 24 months post-closing. LPA will continue to manage the property for FIBRA Prime, securing ongoing fee income from operations and tenant management.
Strategic Redeployment of Capital
AdTo gain immediate access to the deferred proceeds, LPA has entered into a $55 million credit facility with BTG Pactual. The facility carries a fixed annual interest rate of 8.50%.
The company stated its intention to redeploy the capital into its investment pipeline in Mexico. These plans include making acquisitions and fulfilling its previously announced master forward purchase agreement with Fortem Capital for stabilized assets in the Central Park 57 development.
Company Snapshot
As of June 30, 2026, Logistic Properties of The Americas reported a book value per share of $8.62. The company's portfolio at that time consisted of 34 logistics facilities across Costa Rica, Colombia, Peru, and Mexico, totaling approximately 6.2 million square feet of gross leasable area.
Read next
More on Stocks
Bernstein Taps Celestica as Top Networking Pick on AI Infrastructure Boom
Analysts at Bernstein have named Celestica their top investment idea in the networking sector, citing a potential $25 billion in underestimated revenue from major AI hardware programs. The firm also highlighted opportunities in Lumentum, Coherent, and Ciena.
MOEX Russia Index Closes Modestly Higher, Led by Energy Sector
Russia's benchmark stock index, the MOEX, gained 0.22% on Wednesday, supported by strength in the oil and gas sector. However, the broader market showed weakness as declining stocks outnumbered advancers.
Colombian Stocks Close Lower as Financials and Industrials Weigh on COLCAP
Colombia's benchmark COLCAP index fell 0.38% on Wednesday, dragged down by notable losses in the financial, public services, and investment sectors. Cementos Argos and Ecopetrol were among the session's biggest decliners.
Skillsoft Credit Rating Cut to Caa2 by Moody's on High Leverage
Moody's Ratings downgraded the digital learning company due to its unsustainable debt load ahead of 2028 maturities, but shifted its outlook to stable, citing improved liquidity from a recent divestiture and cost cuts.