Logistic Properties of the Americas (LPA) experienced a significant surge in its stock value during Wednesday's extended trading session. The company's shares climbed by over 70% following the disclosure of a substantial asset divestment in Peru. This transaction involves the sale of its primary logistics facility in Peru to FIBRA Prime for $145 million, marking a strategic shift in the company's regional focus.

The divestment details reveal that FIBRA Prime, a prominent Peruvian diversified REIT, will acquire 100% of Parque Logístico Lima Sur, a vast logistics park spanning 1.3 million square feet. This park had generated $10.3 million in cash net operating income in the preceding year. After settling debts, Logistic Properties of the Americas expects to receive $85 million in net proceeds. These funds are earmarked for reinvestment in Mexico over the next 12 to 18 months, targeting growth areas such as nearshoring, expanding e-commerce, and rising domestic consumption. The company's CEO, Esteban Saldarriaga, emphasized that this deal underscores the platform's capability to generate and realize value across the real estate spectrum. LPA will continue to manage Parque Logístico Lima Sur for FIBRA Prime and maintain a presence in Peru through Parque Logístico Callao.

From a market perspective, LPA, with a market capitalization of $99.28 million, witnessed an extraordinary trading volume of 12.45 million shares, significantly surpassing its daily average. Despite a 54.16% drop over the last 12 months, the stock's recent performance has positioned it towards the lower end of its 52-week range of $2.04 to $7.56. The Relative Strength Index (RSI) stands at 51.64, indicating a neutral momentum. The stock closed the regular session at $3.14 before its after-hours spike.

This strategic divestment and reallocation of capital highlight a proactive approach to optimizing assets and pursuing new growth avenues in dynamic markets. By focusing on emerging trends in Mexico, Logistic Properties of the Americas is positioning itself for future expansion and enhanced value creation for its stakeholders.