Investor Presentaiton

BUSINESS CYCLE Dynamics of price resumption Phases > Log commercial properties PHASE 1 Log properties Reduction of spare capacity (increase of the occupation of assets) PHASE 2 Log properties Reduction of the pressure by discount and grace period by the market PHASE 3 Log properties Return to inflation indexation of contracts PHASE 4 Log properties Lease spread + Beginning of lease spread With a high occupation rate of its assets and a favorable economic scenario, LOG is in the beginning of achieving positive lease spread on its contracts. Time 24

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