LPA closed a $145 million Peru sale while the whole company traded near $90.7 million

Logistic Properties of the Americas (NYSE American: LPA) announced at 4:10 p.m. ET on Wednesday, September 30, 2026 that it had closed the US$145 million sale of Parque Logístico Lima Sur, a logistics park of about 1.3 million square feet in Peru, to the Peruvian real estate trust FIBRA Prime. At the last price before the release, 2.86, LPA's 31,698,635 shares were worth about US$90.7 million, so one park sold for roughly 1.6 times the market value of the whole company. LPA rose 8.74% to 3.11 in the first minute of after-hours trading and was 9.79% higher, at 3.14, ten minutes later.

Why a deal agreed in June still moved the stock

LPA agreed the sale with FIBRA Prime in June, and its second-quarter release on August 12 put the expected net proceeds at about US$85.0 million after debt repayment and before taxes. The September 30 release added certainty to those terms rather than a new deal: Peru's antitrust authority, INDECOPI, had cleared the transaction, and LPA said it had received US$85.0 million at closing. That one payment came close to the US$90.7 million the market placed on all of LPA's shares at the close that afternoon.

How the US$145 million arrives

The facility lets LPA draw most of the deferred US$60.0 million now instead of waiting two years, and FIBRA Prime's installments then repay it. LPA said the price was nearly a 20% premium to the property's carrying value before the fair-value adjustment it recorded in the second quarter. It will keep managing the park for FIBRA Prime and plans to redeploy the money in Mexico, including a master forward purchase agreement with Fortem Capital for stabilized assets in Central Park 57.

What the market-value comparison leaves out

Comparing an asset's price with a company's share value flatters the asset, because the shares are only the equity slice of a leveraged portfolio. LPA carried US$320.8 million of long-term debt at June 30, 2026, against 34 properties with 5,804,146 square feet of space, and its August guidance already netted the park's debt out of the proceeds. The closing confirmed that a private buyer paid above carrying value for one of those properties and handed over most of the price in cash on the day it closed.

LPA's two asset sales in ten days, measured

1. June 19, 2026: FIBRA Prime's agreement to buy Parque Logístico Lima Sur for US$145 million is reported in Peru.
2. August 12, 2026: LPA's second-quarter release puts expected net proceeds at about US$85.0 million after debt repayment and before taxes.
3. September 21, 2026, 4:30 p.m. ET: LPA sells Bodegas Aurora, a 103,440-square-foot property in Costa Rica, for US$6.6 million gross, against about US$560,000 of annual net operating income. LPA rose 9.52% from 3.15 to 3.45 in the first minute and was back at 3.15 ten minutes later.
4. September 30, 2026, 4:10 p.m. ET: the Lima Sur sale closes. LPA rose 8.74% in the first minute and was 9.79% higher at the ten-minute mark.

The Costa Rica sale gave back its whole first-minute gain within ten minutes, while the Lima Sur closing kept its gain, and between the two releases the stock had slipped from 3.15 to 2.86. The candlestick chart at the top is built from one-minute bars, and its first full bar after the headline closed at 3.28, up 14.69%, above our first-minute reading of 3.11; the stock then eased back and stood at 3.12, up 9.09%, eleven minutes after the headline. All of this trading took place after the regular session.