LOG Commercial Properties e Participações
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LOG Commercial Properties e Participações (LOGG3) investor relations material

LOG Commercial Properties e Participações Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary12 Feb, 2026

Executive summary

  • Achieved record operational and financial results in 2025, with the lowest vacancy rate in company history and strong demand for logistics warehouses.

  • Delivered 287,000 sqm of GLA in 2025, with 623,000 sqm under construction across 11 states and an average pre-leasing rate of 90%.

  • Service revenue expanded by 47% year-over-year, with asset management under LOG ADM growing 45%.

  • Announced a BRL 1.5 billion transaction and a R$1.05 billion investment vehicle to create a new investment platform for 12 operational assets, unlocking capital for future growth.

  • Maintained strong demand, with pre-leasing and geographic diversification driving high occupancy and rental growth.

Financial highlights

  • Net revenue from leasing grew 16% year-over-year to BRL 65.2 million in Q4; 2025 net revenue reached BRL 248.8 million, up 13.2%.

  • Leasing EBITDA for Q4 was BRL 55.7 million; annual leasing EBITDA reached BRL 213.8 million, up 19.5% year-over-year.

  • Consolidated EBITDA hit a record BRL 602.1 million, a 22% increase from 2024.

  • Net income for 2025 was BRL 363.5 million, up 5.5% year-over-year; profit per share was BRL 4.06.

  • Same client rent growth of 2.7% above inflation for 14 consecutive quarters.

Outlook and guidance

  • Ongoing contract reviews are expected to drive further rental increases, with a 43% rise in average ticket for renegotiated contracts.

  • Pipeline of projects and strong demand position the company for continued growth and high occupancy in 2026.

  • Service platform anticipated to become a key asset-light growth driver, with service revenue expected to double in coming years.

  • Expects further reduction in leverage after completion of the R$1.05 billion asset sale.

  • 2025 net income guidance of R$350–450 million was achieved with R$363.5 million.

How does the BRL 1.05B deal shape 2026 CapEx
What drives the 4x service revenue growth target?
What supports sustained pricing power vs. IGP?
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Q1 20265 May, 2026
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Q1 20265 May, 2026

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Frequently asked questions

LOG Commercial Properties e Participações S.A. is a prominent entity within Brazil's real estate sector. Established in 1976 and based in Belo Horizonte, Brazil, the company specializes in the development, construction, and leasing of commercial properties. Its portfolio is diverse, encompassing logistics sectors, homebuilding, industrial, and commercial facilities. LOG Commercial Properties has made significant strides domestically and internationally, with operations spanning major Brazilian cities including Rio de Janeiro, São Paulo, Goiás, Bahia, Ceará, and Paraná. The company is headquartered in Belo Horizonte, Brazil, and its shares are listed on the B3.

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