On Thursday, August 6, 2026, Log Commercial Properties (LOGG3) reported net income of R$ 58.7 million in the second quarter of 2026, an amount 32.6% lower than in 2Q25. In the same period, net revenue totaled R$ 66 million, up 7.3% year over year, while EBITDA (earnings before interest, taxes, depreciation and amortization) came to R$ 79.8 million, down 43.2%, impacted by a one-off effect related to the sale of assets to the ILCP11 fund.
In the first half of 2026, Log reported net income of R$ 192.7 million, growth of 11.1% compared to 1H25, with earnings per share of R$ 2.20, an increase of 10.7%. Net revenue for the half reached R$ 132.0 million, up 13.0%, and EBITDA totaled R$ 264.8 million, 1.4% above the figure recorded in the same period of the previous year.
Excluding the one-off effect of the transaction with ILCP11, 2Q26 net income would have been R$ 178.2 million and earnings per share R$ 2.06, which would represent increases of 104.7% and 103.9%, respectively, compared to 2Q25. For the half year, under the same conditions, adjusted net income would be R$ 312.2 million, growth of 80.0% compared to 1H25, while adjusted EBITDA would have reached R$ 410.3 million, an increase of 57.1%.
On the operating side, Log reported that it delivered 81,500 m² of gross leasable area (GLA) in 2Q26, reaching 147,000 m² in the half, with 100% pre-leasing. Gross absorption was 108,100 m² in the quarter and 294,000 m² in the half, 24.5% above the same period in 2025, with an average ticket of R$ 25.03/m², an increase of 17.8% in 12 months, and Same Client Rent (real adjustment for the same client base) 1.8% above inflation for the 16th consecutive quarter.
The company also highlighted that stabilized vacancy ended 2Q26 at 1.02% and that adjusted net debt stood at R$ 501.0 million, equivalent to 0.8 times EBITDA for the last 12 months, the lowest level since 2024. In the quarter, the Board approved the distribution of R$ 13.94 million in dividends, equivalent to R$ 0.159 per share, with payment scheduled for October 1, 2026.
