LOG COMMERCIAL PROPERTIES E PARTICIPAÇÕES S.A.

Cash flow LOG Commercial Properties e Participações S.A.

Stocks

LOGG3

BRLOGGACNOR7

Real Estate Development & Operations

Market Closed - Sao Paulo 16:04:00 2026-09-03 EDT			5-day change	1st Jan Change
25.09 ^BRL	-1.61%		+4.45%	+3.68%

08-11	LOG Commercial Properties e Participações S.A., Q2 2026 Earnings Call, Aug 07, 2026
08-07	LOG Commercial Properties e Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: LOG COMMERCIAL PROPERTIES E PARTICIPAÇÕES S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (BRL)	2022 (BRL)	2023 (BRL)	2024 (BRL)	2025 (BRL)
Rental Revenues	149M	217M	220M	220M	249M
Other Revenues, Total	2.84M	12.89M	7.11M	6.98M	7.52M
Total Revenues	152M	230M	227M	227M	256M
Property Expenses	2.17M	3.04M	3.89M	5.33M	7.01M
Selling General & Admin Expenses, Total	35.87M	50.99M	54.7M	56.33M	62.25M
Other Operating Expenses	-8.27M	17.01M	165M	4.59M	32.47M
Total Operating Expenses	29.77M	71.04M	224M	66.25M	102M
Operating Income (REIT / Utility Template)	122M	159M	3.31M	160M	155M
Interest Expense, Total	-47.87M	-147M	-176M	-166M	-254M
Interest and Investment Income	54.48M	88.94M	78.92M	74.28M	76.52M
Net Interest Expenses	6.61M	-58.44M	-97.06M	-91.46M	-178M
Other Non Operating Income (Expenses)	-	-42.3M	20.44M	353K	7.72M
EBT, Excl. Unusual Items	129M	58.35M	-73.3M	69.37M	-15.24M
Gain (Loss) on Sale of Assets	-	-	-	-111M	-104M
Asset Writedown	291M	339M	258M	438M	545M
EBT, Incl. Unusual Items	420M	397M	184M	397M	426M
Income Tax Expense	37.07M	-3.22M	-10.46M	52.46M	62.21M
Earnings From Continuing Operations	383M	401M	195M	344M	363M
Net Income to Company	383M	401M	195M	344M	363M
Minority Interest	-14.28M	-14.63M	-2.78M	-989K	-8.88M
Net Income - (IS)	369M	386M	192M	343M	355M
Net Income to Common Incl Extra Items	369M	386M	192M	343M	355M
Net Income to Common Excl. Extra Items	369M	386M	192M	343M	355M
Per Share Items
Net EPS - Basic	3.62	3.84	1.93	3.62	4.08
Basic EPS - Continuing Operations	3.62	3.84	1.93	3.62	4.08
Basic Weighted Average Shares Outstanding	102M	101M	99.76M	94.94M	87M
Net EPS - Diluted	3.61	3.83	1.92	3.6	4.07
Diluted EPS - Continuing Operations	3.61	3.83	1.92	3.6	4.07
Diluted Weighted Average Shares Outstanding	102M	101M	99.84M	95.3M	87.13M
Normalized Basic EPS	0.65	0.22	-0.49	0.45	-0.21
Normalized Diluted EPS	0.65	0.22	-0.49	0.44	-0.21
Dividend Per Share	0.87	0.92	0.7	1.72	3.96
Payout Ratio	9.01	22.7	47.71	64.07	97.61
Supplemental Items
EBITDA	123M	160M	6.38M	165M	161M
EBITA	122M	159M	3.31M	160M	155M
EBIT	122M	159M	3.31M	160M	155M
EBITDAR	156M	221M	64.2M	246M	225M
Effective Tax Rate - (Ratio)	8.82	-0.81	-5.67	13.22	14.61
Total Current Taxes	20.18M	22.01M	44M	41.65M	45.65M
Total Deferred Taxes	16.89M	-25.24M	-54.47M	10.81M	16.56M
Normalized Net Income	66.37M	21.84M	-48.6M	42.37M	-18.41M
Interest Capitalized	-	78.37M	84.46M	71.29M	70.52M
Interest on Long-Term Debt	-	220M	252M	242M	302M
Supplemental Operating Expense Items
Advertising Expense	-	1.58M	1.03M	1.12M	1.31M
Selling and Marketing Expenses	10.83M	12.57M	9.46M	9.82M	11.73M
General and Administrative Expenses	25.04M	38.42M	45.25M	46.51M	50.52M
Net Rental Expense, Total	32.43M	60.74M	57.81M	81.06M	63.93M
Imputed Operating Lease Interest Expense	11.96M	69.7M	61.89M	72M	71.75M
Imputed Operating Lease Depreciation	20.47M	-8.95M	-4.08M	9.06M	-7.82M
Stock-Based Comp., Other (Total)	2.16M	3.04M	3.32M	3.95M	4.74M
Total Stock-Based Compensation	2.16M	3.04M	3.32M	3.95M	4.74M

Fiscal Period: December	2021 (BRL)	2022 (BRL)	2023 (BRL)	2024 (BRL)	2025 (BRL)
Assets
Gross Property Plant And Equipment	-	-	4.33B	4.39B	4.93B
Accumulated Depreciation	-	-	-4.26M	-5.91M	-3.23M
Net Property Plant And Equipment	3.78B	4.89B	4.32B	4.39B	4.92B
Total Real Estate Assets	3.78B	4.89B	4.32B	4.39B	4.92B
Cash And Equivalents	208M	298M	397M	226M	19.47M
Accounts Receivable, Total	61.19M	113M	350M	450M	582M
Other Receivables	14.25M	25.81M	36.4M	37.41M	32.75M
Investment In Debt and Equity Securities	689M	433M	357M	535M	451M
Other Intangibles, Total	2.86M	5.68M	8.94M	11.76M	13.86M
Other Current Assets, Total	6.18M	5.28M	22.63M	208M	6.63M
Deferred Tax Assets Long-Term (Collected)	7.43M	47.87M	114M	114M	95.51M
Other Long-Term Assets, Total	394M	328M	644M	805M	566M
Total Assets	5.16B	6.15B	6.25B	6.77B	6.69B
Liabilities
Current Portion of Long-Term Debt	215M	181M	241M	243M	478M
Current Portion of Leases	219K	614K	765K	812K	-
Long-Term Debt	1.05B	1.59B	1.66B	1.82B	1.76B
Long-Term Leases	4.24M	101M	118M	186M	135M
Accounts Payable, Total	44.6M	43.36M	58.42M	70.24M	54.12M
Accrued Expenses, Total	18.4M	28.33M	35.98M	17.32M	19.62M
Current Income Taxes Payable	6.19M	4.6M	5.61M	50.12M	37.97M
Deferred Tax Liability Current	2.49M	5.81M	13.19M	15.84M	3.49M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	225M	216M	173M	440M	227M
Deferred Tax Liability Non-Current	77.83M	109M	145M	156M	158M
Other Non Current Liabilities	173M	204M	74.58M	166M	183M
Total Liabilities	1.82B	2.49B	2.52B	3.17B	3.06B
Common Stock, Total	2.04B	2.74B	2.74B	2.74B	2.74B
Retained Earnings	1.29B	891M	1.02B	851M	859M
Treasury Stock	-25.16M	-51.55M	-38.95M	-17.76M	-9.49M
Comprehensive Income and Other	6.93M	9.97M	13.29M	17.24M	21.98M
Total Common Equity	3.31B	3.58B	3.73B	3.59B	3.61B
Minority Interest	29.17M	79.18M	2.28M	19.37M	26.28M
Total Equity	3.34B	3.66B	3.73B	3.61B	3.63B
Total Liabilities And Equity	5.16B	6.15B	6.25B	6.77B	6.69B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	101M	99.91M	100M	87.02M	87M
ECS Total Common Shares Outstanding	101M	99.91M	100M	87.02M	87M
Book Value / Share	32.75	35.88	37.17	41.21	41.45
Tangible Book Value	3.31B	3.58B	3.72B	3.57B	3.59B
Tangible Book Value Per Share	32.72	35.82	37.08	41.08	41.29
Total Debt	1.27B	1.88B	2.02B	2.25B	2.37B
Net Debt	1.06B	1.58B	1.62B	2.03B	2.35B
Debt Equivalent Oper. Leases	259M	486M	463M	649M	511M
Minority Interest, Total (Incl. Fin. Div)	29.17M	79.18M	2.28M	19.37M	26.28M
Equity Method Investments, Total	314M	148M	154M	159M	158M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	161M	-	-
Buildings, Total	-	-	2.6B	-	-

Fiscal Period: December	2021 (BRL)	2022 (BRL)	2023 (BRL)	2024 (BRL)	2025 (BRL)
Net Income	369M	386M	192M	343M	355M
Depreciation, Depletion & Amortization	832K	1.65M	3.97M	5.67M	6.57M
Total Depreciation, Depletion & Amortization	832K	1.65M	3.97M	5.67M	6.57M
Amortization of Deferred Charges, Total	5.18M	3.62M	1.73M	1.47M	1.34M
(Gain) Loss On Sale of Asset - (CF)	-9.22M	27.35M	159M	111M	104M
Total Asset Writedown	-299M	-354M	-259M	-439M	-552M
(Income) Loss On Equity Investments - (CF)	-2.84M	-12.89M	-7.11M	-6.98M	-7.52M
Stock-Based Compensation (CF)	2.16M	3.04M	3.32M	3.95M	4.74M
Provision and Write-off of Bad Debts	-179K	1.13M	721K	787K	781K
Change in Accounts Receivable	-6.62M	-7.56M	51.98M	3.56M	259M
Change in Accounts Payable	28.03M	-1.24M	15.05M	11.82M	-16.12M
Change In Income Taxes	4.6M	-4.41M	9.81M	39.93M	14.04M
Change in Other Net Operating Assets (Collected)	3.36M	-14.04M	-48.33M	-93.82M	-373M
Other Operating Activities	29.81M	100M	33.22M	87.39M	188M
Cash from Operations	125M	129M	157M	68.41M	-15.03M
Acquisition of Real Estate Assets, Total	-638M	-857M	-545M	-812M	-736M
Sale of Real Estate Assets, Total	283M	312M	706M	-	-
Net Sale / Acquisition of Real Estate Assets	-355M	-545M	161M	-812M	-736M
Divestitures	-	-	-	1.26B	941M
Investment in Marketable and Equity Securities, Total	-364M	305M	109M	-129M	136M
Other Investing Activities, Total	11.35M	-2.74M	-3.48M	-3.69M	307K
Cash from Investing	-708M	-242M	266M	318M	341M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	687M	691M	242M	564M	591M
Total Debt Issued	687M	691M	242M	564M	591M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-242M	-240M	-177M	-388M	-469M
Total Debt Repaid	-242M	-240M	-177M	-388M	-469M
Issuance of Common Stock	77.1M	334K	10.62M	6.3M	5.89M
Repurchase of Common Stock	-105M	-31.13M	-4.82M	-315M	-587K
Common Dividends Paid	-33.24M	-87.63M	-91.69M	-220M	-346M
Common & Preferred Stock Dividends Paid	-33.24M	-87.63M	-91.69M	-220M	-346M
Other Financing Activities, Total	-46.87M	-129M	-304M	-204M	-314M
Cash from Financing	337M	203M	-325M	-557M	-533M
Net Change in Cash	-246M	90.17M	98.78M	-170M	-207M
Supplemental Items
Cash Interest Paid	37.77M	140M	215M	192M	295M
Cash Income Tax Paid (Refund)	17.68M	22.32M	46.87M	33.5M	41.98M
Net Debt Issued / Repaid	445M	451M	65.06M	176M	121M
Levered Free Cash Flow	184M	-45.59M	-375M	28.66M	-227M
Unlevered Free Cash Flow	214M	46.52M	-265M	132M	-68.39M
Change In Net Working Capital	-130M	61.21M	276M	-20.86M	178M

Fiscal Period: December	2021 (BRL)	2022 (BRL)	2023 (BRL)	2024 (BRL)	2025 (BRL)
Profitability
Return on Assets	1.63	1.76	0.03	1.54	1.43
Return on Total Capital	1.8	1.96	0.04	1.73	1.63
Return On Equity %	11.94	11.44	5.27	9.39	10.04
Return on Common Equity	11.58	11.2	5.25	9.39	9.86
Margin Analysis
Gross Profit Margin %	98.58	98.68	98.29	97.65	97.26
SG&A Margin	23.57	22.16	24.07	24.84	24.29
EBITDA Margin %	80.99	69.59	2.81	72.86	62.87
EBITA Margin %	80.44	69.13	1.46	70.78	60.3
EBIT Margin %	80.44	69.13	1.46	70.78	60.3
Income From Continuing Operations Margin %	251.79	174.12	85.79	151.9	141.83
Net Income Margin %	242.41	167.77	84.56	151.46	138.37
Net Avail. For Common Margin %	242.41	167.77	84.56	151.46	138.37
Normalized Net Income Margin	43.6	9.49	-21.38	18.69	-7.18
Levered Free Cash Flow Margin	121.17	-19.81	-164.91	12.64	-88.64
Unlevered Free Cash Flow Margin	140.82	20.22	-116.51	58.33	-26.68
Asset Turnover
Asset Turnover	0.03	0.04	0.04	0.03	0.04
Fixed Assets Turnover	0.04	0.05	0.05	0.05	0.06
Receivables Turnover (Average Receivables)	3.19	2.5	0.95	0.55	0.48
Short Term Liquidity
Current Ratio	0.57	0.92	1.52	1.1	0.78
Quick Ratio	0.55	0.91	1.48	0.85	0.77
Operating Cash Flow to Current Liabilities	0.24	0.27	0.3	0.08	-0.02
Days Sales Outstanding (Average Receivables)	114.46	146.25	383.51	665.84	756.77
Average Days Payable Outstanding	5.04K	5.28K	4.78K	-	-
Long Term Solvency
Total Debt/Equity	38.08	51.2	54.03	62.5	65.34
Total Debt / Total Capital	27.58	33.86	35.08	38.46	39.52
LT Debt/Equity	31.65	46.23	47.55	55.73	52.17
Long-Term Debt / Total Capital	22.92	30.58	30.87	34.3	31.55
Total Liabilities / Total Assets	35.26	40.43	40.33	46.78	45.7
EBIT / Interest Expense	2.56	1.08	0.02	0.97	0.61
EBITDA / Interest Expense	2.57	1.09	0.04	1	0.63
(EBITDA - Capex) / Interest Expense	2.57	1.09	0.04	1	0.63
Total Debt / EBITDA	10.32	11.67	276.95	13.56	14.73
Net Debt / EBITDA	8.64	9.82	222.49	12.2	14.61
Total Debt / (EBITDA - Capex)	10.32	11.67	276.95	13.56	14.73
Net Debt / (EBITDA - Capex)	8.64	9.82	222.49	12.2	14.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.2	51.2	-1.24	-0.24	13.04
Gross Profit, 1 Yr. Growth %	7.97	51.35	-1.63	-0.89	12.59
EBITDA, 1 Yr. Growth %	23.01	29.91	-96.03	-0.82	-3.02
EBITA, 1 Yr. Growth %	23.08	29.94	-97.92	-1.31	-3.69
EBIT, 1 Yr. Growth %	23.08	29.94	-97.92	-1.31	-3.69
Earnings From Cont. Operations, 1 Yr. Growth %	168.8	4.56	-51.35	76.64	5.55
Net Income, 1 Yr. Growth %	163.62	4.64	-50.22	78.68	3.27
Diluted EPS Before Extra, 1 Yr. Growth %	163.2	6.06	-49.76	87.2	12.95
Normalized Net Income, 1 Yr. Growth %	32.34	-67.1	-322.53	-16.86	-143.45
Net Property, Plant and Equip., 1 Yr. Growth %	25.94	29.56	-11.64	1.45	12.19
Accounts Receivable, 1 Yr. Growth %	88.36	84.49	209.83	28.6	29.35
Total Assets, 1 Yr. Growth %	22.5	19.2	1.69	8.31	-1.25
Common Equity, 1 Yr. Growth %	8.22	8.25	4.05	-3.86	0.57
Tangible Book Value, 1 Yr. Growth %	8.21	8.17	3.97	-3.94	0.51
Cash From Operations, 1 Yr. Growth %	-6.45	3.13	22.1	-56.49	-121.97
Levered Free Cash Flow, 1 Yr. Growth %	26.86	-124.45	722.05	-110.41	-892.7
Unlevered Free Cash Flow, 1 Yr. Growth %	30.41	-78.3	-669.17	-180.03	-151.71
Dividend Per Share, 1 Yr. Growth %	166.33	5.9	-23.99	146.22	130.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.08	27.91	22.2	-0.74	6.19
Gross Profit, 2 Yr. CAGR %	13.31	27.83	22.02	-1.26	5.64
EBITDA, 2 Yr. CAGR %	23.14	26.42	-77.24	1.38	-1.65
EBITA, 2 Yr. CAGR %	23.28	26.46	-83.56	0.44	-2.51
EBIT, 2 Yr. CAGR %	23.28	26.46	-83.56	0.44	-2.51
Earnings From Cont. Operations, 2 Yr. CAGR %	102.63	67.65	-28.68	-7.29	36.54
Net Income, 2 Yr. CAGR %	102.25	66.09	-27.83	-5.69	35.84
Diluted EPS Before Extra, 2 Yr. CAGR %	77.16	67.08	-27	-3.02	45.41
Normalized Net Income, 2 Yr. CAGR %	68.52	-34.01	-14.43	39.28	-39.9
Net Property, Plant and Equip., 2 Yr. CAGR %	21.03	27.74	7	-5.32	6.69
Accounts Receivable, 2 Yr. CAGR %	10.95	86.41	139.08	99.61	28.97
Total Assets, 2 Yr. CAGR %	13.74	20.84	10.1	4.95	3.42
Common Equity, 2 Yr. CAGR %	6.15	8.23	6.13	0.02	-1.67
Tangible Book Value, 2 Yr. CAGR %	6.14	8.19	6.05	-0.07	-1.74
Cash From Operations, 2 Yr. CAGR %	8.36	-1.78	12.21	-27.11	-69.08
Levered Free Cash Flow, 2 Yr. CAGR %	570.42	-44	42.55	-20.72	-9.15
Unlevered Free Cash Flow, 2 Yr. CAGR %	163.58	-46.8	11.15	68.6	-35.67
Dividend Per Share, 2 Yr. CAGR %	103.29	67.94	-10.28	36.8	138.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	13.65	24.58	17.34	14.21	3.65
Gross Profit, 3 Yr. CAGR %	13.11	24.79	17.14	13.85	3.16
EBITDA, 3 Yr. CAGR %	15.7	25.36	-60.06	10.25	0.08
EBITA, 3 Yr. CAGR %	15.55	25.46	-67.84	9.44	-0.96
EBIT, 3 Yr. CAGR %	15.55	25.46	-67.84	9.44	-0.96
Earnings From Cont. Operations, 3 Yr. CAGR %	101.15	62.53	11	-3.5	-3.2
Net Income, 3 Yr. CAGR %	103.96	62.36	11.15	-2.37	-2.79
Diluted EPS Before Extra, 3 Yr. CAGR %	79.2	49.31	11.94	-0.08	2.03
Normalized Net Income, 3 Yr. CAGR %	45.08	-2.23	-1.04	-13.9	-5.54
Net Property, Plant and Equip., 3 Yr. CAGR %	14.96	23.8	12.97	5.11	0.19
Accounts Receivable, 3 Yr. CAGR %	30.66	31.44	120.81	94.43	72.73
Total Assets, 3 Yr. CAGR %	16.99	15.53	14.08	9.5	2.84
Common Equity, 3 Yr. CAGR %	15.54	6.84	6.82	2.69	0.2
Tangible Book Value, 3 Yr. CAGR %	15.53	6.81	6.76	2.61	0.13
Cash From Operations, 3 Yr. CAGR %	17.64	6.59	5.61	-18.17	-51.13
Levered Free Cash Flow, 3 Yr. CAGR %	162.42	123.15	37.12	-46.24	70.8
Unlevered Free Cash Flow, 3 Yr. CAGR %	77.44	14.67	17.23	-14.87	13.7
Dividend Per Share, 3 Yr. CAGR %	79.76	63.57	28.94	25.61	62.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.77	19.26	17	13.76	12.75
Gross Profit, 5 Yr. CAGR %	8.46	18.95	16.59	13.63	12.4
EBITDA, 5 Yr. CAGR %	9.26	18.21	-39.62	15.24	9.96
EBITA, 5 Yr. CAGR %	9.18	18.14	-47.03	14.78	9.21
EBIT, 5 Yr. CAGR %	9.18	18.14	-47.03	14.78	9.21
Earnings From Cont. Operations, 5 Yr. CAGR %	60.79	60.68	32.86	29.84	20.58
Net Income, 5 Yr. CAGR %	59.58	59.49	34.61	30.65	20.43
Diluted EPS Before Extra, 5 Yr. CAGR %	34.86	42.48	25.12	25.64	24.28
Normalized Net Income, 5 Yr. CAGR %	31.16	10.35	17.46	12.63	-18.16
Net Property, Plant and Equip., 5 Yr. CAGR %	10.43	15.33	11.71	11.21	10.41
Accounts Receivable, 5 Yr. CAGR %	20.49	38.29	66.38	55.35	78.08
Total Assets, 5 Yr. CAGR %	12.35	14.88	14.18	11.17	9.69
Common Equity, 5 Yr. CAGR %	13.29	12.16	11.68	4.06	3.34
Tangible Book Value, 5 Yr. CAGR %	13.27	12.12	11.64	4.01	3.28
Cash From Operations, 5 Yr. CAGR %	11.66	9.28	15.44	-8.45	-35.39
Levered Free Cash Flow, 5 Yr. CAGR %	15.35	-22.07	105.59	47.51	9.34
Unlevered Free Cash Flow, 5 Yr. CAGR %	30.96	-24.64	47.16	33.79	-16.09
Dividend Per Share, 5 Yr. CAGR %	39.09	77.9	36.14	52.29	64.83