LOG Commercial Properties e Participações (LOGG3) Q2 2026 earnings summary

Executive summary

• Delivered 147,000 sq m of ABL in Q2 2026, all pre-leased, with stabilized vacancy at 1.02% and gross absorption of 108,000 sq m, reflecting a 24.5% growth year-over-year and quarter-over-quarter.

• Interim financial statements for the quarter ended June 30, 2026, reviewed with no material modifications required by auditors, prepared in accordance with CPC 21 (R1) and IAS 34 standards.

• The company focuses on management, development, construction, and leasing of industrial warehouses and related real estate services across multiple Brazilian states.

• Achieved record expansion cycle, maintaining high-quality, strategically located assets and consolidating a leading position in logistics.

• Strong operational performance supported by disciplined asset selection and close client relationships.

Financial highlights

• Net revenue for Q2 2026 was R$66 million, up 7.3% year-over-year; H1 net revenue reached R$132 million, up 13%.

• Net profit for Q2 was R$58.7 million; H1 net profit was R$192.75 million, up from R$173.43 million in 1H25.

• Rental EBITDA for Q2 was R$56.6 million (6.2% growth YoY) with an 85.8% margin; consolidated EBITDA for the quarter was R$79.8 million.

• Service revenue in Q2 grew 60% YoY, with H1 service revenue at R$15.8 million, up 76%.

• Earnings per share for 1H26 were R$2.20 basic and R$2.19 diluted, compared to R$1.99 and R$1.99 in 1H25.

Outlook and guidance

• Development pipeline stands at 148,000 sq m across 17 projects in 13 states, with strict adherence to construction schedules.

• Five-year funding potential of R$1 billion secured for 17 projects totaling 915,000 sq m of GLA.

• Anticipates continued strong demand, low vacancy, and above-inflation rent growth, supported by e-commerce and tax reform.

• Expects to maintain or increase dividend payouts, depending on CapEx and asset recycling speed.

• Growth strategy focused on geographic diversification and capturing demand for Class A logistics assets.