LOG Commercial Properties e Participações (LOGG3) Investor presentation summary

Operational and financial performance

• Delivered 1.5 million m² of ABL from 2020 to 2024, with consistent growth in key operational indicators and low stabilized vacancy rates between 0.7% and 3.1% over the period.

• Investment property value rose from R$ 2.99 billion in 2020 to R$ 4.88 billion in 2024, while net debt/EBITDA dropped from 1.82x to 0.81x.

• Dividend distributions increased significantly, reaching R$ 220 million in 2024, and NAV per share grew at a CAGR of 11.8% from 2020 to 2024.

Strategic legacy and business model

• Demonstrated ability to operate 10+ construction sites simultaneously, delivering over 400,000 m²/year with a diversified client base of 200+ clients.

• Validated asset recycling model, selling mature assets to institutional investors to fund growth without equity dilution.

• Maintained financial discipline and expanded geographic presence to 18 states and 30+ cities.

Market overview and growth drivers

• Brazil’s logistics market faces a supply-demand gap, with vacancy rates at historic lows (6.6% in 2026e) and persistent projected deficits in new deliveries.

• Only 18% of the national stock is Class A, with significant room for growth compared to international benchmarks.

• Structural growth drivers include flight-to-quality, e-commerce expansion, and geographic decentralization, with the market expected to grow 2.5–3 million m²/year.