LOG Commercial Properties e Participações (LOGG3) investor relations material

Executive summary

• Record 3Q26 gross absorption of 494.6 thousand sqm; 9M26 reached 789 thousand sqm, exceeding the prior annual record.

• Pre-leasing covered 488 thousand sqm across 14 projects and 11 cities at R$28.63/sqm and a record 13.8% average Yield on Cost.

• Net income rose 9.2% YoY to R$121.6 million in 3Q26 and 10.4% to R$314.3 million in 9M26, despite a smaller average GLA base after asset recycling.

• 9M26 results included R$495.2 million of investment-property fair-value gains, a material non-cash contributor.

Financial highlights

• 3Q26 net revenue was R$57.7 million, down 13.5% YoY; 9M26 revenue was R$189.8 million, up 3.4%, despite average GLA declines of 28.5% and 16.0%, respectively.

• 3Q26 EBITDA was R$179.1 million, down 7.1% YoY; 9M26 EBITDA was R$444.0 million, down 2.2%.

• Service revenue was R$9.1 million in 3Q26, up 48.7% YoY, and R$25.0 million in 9M26, up 65.2%.

• 9M26 income before financial income and taxes was R$518.7 million versus R$404.6 million; fair-value changes were R$495.2 million versus R$393.3 million.

• Consolidated basic EPS was R$1.39351 in Q3 and R$3.59781 for 9M; diluted EPS was R$1.38566 and R$3.57477, respectively.

Outlook and guidance

• ~77% of GLA expected for delivery by end-2027 was already pre-leased; 750,000 sqm is scheduled for delivery by then.

• Current asking rents imply 10.9% potential upside to average rent; further lease renegotiation phases are expected to begin in 2027 and 2028.

• The LOG 2 Million program had delivered 499 thousand sqm by September, with 914,900 sqm under construction and remaining pipeline land secured.

• Expansion planning remains focused on evaluating financial markets and funding opportunities; the Northeast is expected to represent 40% of the midterm pipeline.