Logistic Properties of The Americas

LPA

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE MKT
Real Estate
USA
Micro Cap

Logistic Properties of The Americas is not Shariah Compliant because it fails the financial ratios.

1.52%

Impure Income*

$0.007

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
BUY
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
10.09
19.27%

Shariah Compliance

Debt
100%
✗
Non-Compliant Assets
100%
✗
Impure Income
1.52%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
✗
Impure Income
1.52%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
✗
Impure Income
1.52%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
44.93%
✗
Cash
96.87%
✗
Cash & AR
97.37%
✗
Impure Income
1.52%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
44.93%
✗
Cash
96.87%
✗
Cash & AR
97.37%
✗
Impure Income
1.52%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
1.52%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Logistic Properties of the Americas (LPA) is an internally managed real estate company. The Company develops, owns, and manages a diversified portfolio of warehouse logistics and industrial assets across Latin America. It operates through four geographical segments, which include Costa Rica, Colombia, Peru and Mexico. Its properties include Latam Logistic Park Coyol 1, Latam Logistic Park Coyol 2, Latam Logistic Park Coyol 3, Latam Logistic Park Coyol 4, Latam Bodegas Atenas, Latam Bodegas Aurora, Latam Bodegas San Joaquin, San Rafael Industrial Park, Latam Logistic Park San Jose-Verbena, Latam Logistic Park Calle 80, Latam Logistic Park Lima Sur, Latam Parque Logistico Callao and Puebla Fideicomiso 6384 Park. Its diversified tenant base comprises multinational companies that operate primarily in consumer goods, third party logistics and other retail sectors, including Kuehne + Nagel, Alicorp, Pequeno Mundo, PriceSmart, Natura, Yichang, CEVA, Indurama, Samsung, and IKEA.

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