Business · Companies · 8 hrs ago
Log reports record 500,000 square metres leased across nine warehouses
Log Commercial Properties leased a record 500,000 square metres across nine warehouses that are still being built.
The Brazilian company’s CEO, Sergio Fischer, said standardized designs help keep construction costs competitive as it builds in several states at once.
In the third quarter of 2026, Log’s net profit rose 9.2% from a year earlier to 121.6 million reais, even as revenue fell 13.5% to 57.7 million reais.
The revenue decline followed a major asset sale at the end of the second quarter, while the company reinvested the proceeds in new assets.
Revenue from services grew 50%, and Fischer said this business is becoming more important to the company.
Log says all projects due by the end of 2027 are pre-leased, which it says helps protect expected returns from rising construction costs.
Log Commercial Properties reported a record 500,000 square metres leased across nine warehouses that are still under construction.
CEO Sergio Fischer said standardized designs help the company control costs while building in multiple states.
The company reported net income of 121.6 million reais in the third quarter of 2026, up 9.2% from a year earlier.
Revenue fell 13.5% to 57.7 million reais, which Fischer attributed to a major asset sale at the end of the second quarter.
Log said all projects due for delivery through the end of 2027 had been pre-leased.
- Who
- Log Commercial Properties, whose CEO is Sergio Fischer.
- What
- The company reported a record 500,000 square metres leased across nine warehouses under construction.
- When
- Monday, November 9, 2026.
- Where
- The warehouses are in multiple states; specific locations were not stated.
- Why
- Fischer said standardized projects help control construction costs. The article also said the company had pre-leased projects due for delivery through 2027 to help protect returns from rising costs.
This story does not have two clearly opposing sides.
Log made a significant asset sale that later affected third-quarter allocation revenue.
The company reported net income of 121.6 million reais, up 9.2% year on year.
Log reported 500,000 square metres leased across nine warehouses still under construction.
- Leased area
- 500,000 square metres
- Warehouses
- Nine, all under construction
- Third-quarter net income
- 121.6 million reais, up 9.2% year on year
- Third-quarter revenue
- 57.7 million reais, down 13.5%
- Projects pre-leased
- All those due for delivery through the end of 2027
2 sources
What people are saying
The standardized project is very important for us to be able to control costs
The company made a very significant asset sale at the end of the second quarter, which ended up impacting allocation revenue in the third quarter
Everything we will deliver through the end of 2027 is already pre-leased [...] this gives us comfort to maintain the return promised for the projects