Funding
LOG Commercial Properties to Issue BRL 300 Million in Notes to Banco Santander Brasil
By News Desk ·
Key takeaways
- LOG Commercial Properties' board unanimously approved a BRL 300 million private commercial note issue to Banco Santander (Brasil) at its October 22, 2026 meeting.
- The one-year notes pay 100% of accumulated average daily CDI rates plus 0.64% per annum, with principal and remuneration due in a single installment at maturity.
- Collateral totals BRL 46 million, made up of real estate fund quotas supplemented by bank certificates of deposit if needed.
LOG Commercial Properties' board unanimously approved a BRL 300 million private commercial note issue to Banco Santander (Brasil) at its October 22, 2026 meeting. The future of trading published the brief on October 31, 2026.
LOG's BRL 300 Million Note Terms
The notes mature in one year, with principal and remuneration payable in a single installment at maturity. Remuneration is set at 100% of accumulated average daily CDI rates, with an additional 0.64% per annum.
Collateral will total BRL 46 million, comprising real estate fund quotas supplemented by bank certificates of deposit if necessary. The transaction was backed unanimously by the board of LOG Commercial Properties.
Banco Santander (Brasil) reported recurring managerial net profit of R$2.9 billion, down 28% year-over-year, while loans grew 4.7% and client funding 6.3%, according to TradingView. Credit costs and over-90-day delinquencies reflected continued pressure in lower-income portfolios.
LOG's Funding and Portfolio Record
LOG Commercial Properties listed on B3 under the ticker LOGG3 in a 2012 initial public offering, establishing public capital market access to fund continued portfolio expansion, according to akta.pro company records. The same records describe 56+ logistics warehouse properties across Brazil covering all regions from North to South, and identify the company as the only developer and manager of logistics warehouses present in all regions of Brazil.
| Record | Detail |
|---|---|
| Initial public offering | 2012, B3, ticker LOGG3 |
| Property count | 56+ logistics warehouses |
| Coverage | All regions of Brazil |
LOG's Path to the October 2026 Issue
In August 2026, LOG Commercial Properties reported a 32.6% decline in net profit to R$58.7 million for the second quarter, alongside a 43.2% drop in EBITDA to R$80 million, while net revenue grew 7.3% year-over-year to R$66 million, InfoMoney reported. Neofeed reported the same quarter's net profit of R$58.7 million, down 32.6% year-over-year, after a one-time accounting effect from a R$ 1 billion asset sale to Itaú Log CP FII (ILCP11).
Also in August 2026, CEO Sérgio Fischer announced plans to expand the company's logistics property portfolio in Brazil, with R$ 4 billion investments planned for 2025-2028, Folha reported.