IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the third quarter of the Fiscal Year 2024 ended March 31, 2024
HIGHLIGHTS
- The net result for the nine-month period of fiscal year 2024 recorded a loss of
ARS 111,728 million compared to a gain ofARS 123,217 million in the same period of the previous year, mainly explained by the impact of inflation exposure on the fair value of investment properties. - The rental adjusted EBITDA reached
ARS 112,911 million in the nine months of fiscal year 2024, 9.1% higher than the same period of the previous year,ARS 86,475 million coming from the Shopping Malls segment,ARS 8,776 million from the office segment andARS 17,660 million from the Hotels. Total adjusted EBITDA reachedARS 128,826 million , increasing 6.3% compared to the same period of the previous year. - Real tenant sales in shopping malls fell 18.5% in the third quarter of fiscal year 2024 as a result of the acceleration of inflation and a drop in consumption. In the accumulated nine-month period of the year, sales grew by 0.9% compared to the same period in 2023.
- We maintained high occupancy rates in the three rental segments: 97.9% in shopping centers, 92.8% in our premium offices and 68.7% in the hotel portfolio.
- During the quarter and subsequently, we repurchased approximately 1.7% of the stock capital and in
May 2024 , we approved a new cash dividend forARS 55,000 million (ARS/share 76.1457 and ARS/GDS 761.4575), which will be distributed sinceMay 9 .
Financial Highlights |
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Income Statement |
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Revenues |
213,565 |
208,970 |
Consolidated Gross Profit |
144,424 |
137,387 |
Net result from changes in the fair value of investment properties |
(385,848) |
(135,403) |
Consolidated Profit / (Loss) from Operations |
(275,902) |
(56,661) |
Result for the Period |
(111,728) |
123,217 |
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Attributable to: |
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IRSA's Shareholders |
(104,926) |
119,339 |
Non-Controlling interest |
(6,802) |
3,878 |
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EPS (Basic) |
(140.84) |
159.33 |
EPS (Diluted) |
(140.84) |
145.89 |
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Balance Sheet |
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Current Assets |
213,194 |
220,054 |
Non-Current Assets |
1,606,100 |
2,009,794 |
Total Assets |
1,819,294 |
2,229,848 |
Current Liabilities |
256,486 |
237,277 |
Non-Current Liabilities |
630,651 |
788,102 |
Total Liabilities |
887,137 |
1,025,379 |
Non-Controlling Interest |
59,637 |
69,973 |
Shareholders' Equity |
932,157 |
1,204,469 |
The Company's market capitalization as of
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In addition, you can participate communicating to this numbers:
Investor Relations Department.
+ 5411 4323-7449
https://www.irsa.com.ar/home-inversores.php?lng=en
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SOURCE