Welcome to our dedicated page for Irsa Inversion news (Ticker: IRS), a resource for investors and traders seeking the latest updates and insights on Irsa Inversion stock.
IRSA Inversiones y Representaciones S.A. (IRS) is a leading Argentine real estate enterprise managing commercial properties, shopping centers, and hospitality venues. This page aggregates official announcements and market analyses related to IRS's diversified portfolio.
Investors and industry observers will find timely updates on earnings reports, property acquisitions, and leasing agreements, alongside strategic developments in office spaces and hotel operations. The curated selection ensures access to material disclosures impacting IRS's position in Argentina's real estate sector.
Content spans quarterly financial results, major tenant agreements in shopping malls, urban development projects, and leadership updates. All materials are sourced from verified channels to maintain compliance with exchange disclosure requirements.
Bookmark this page for streamlined tracking of IRS's operational milestones and market-moving events. Combine regular visits with portfolio monitoring tools for comprehensive investment analysis.
IRSA has launched an exchange offer for its outstanding 8.750% Senior Notes due 2028, with a current aggregate principal amount of US$141,242,322.38. The company is offering to exchange these notes for new 8.000% Senior Notes due 2035.
Eligible holders who tender their notes by the Early Participation Date (March 24, 2025) will receive US$1,040 in new notes for each US$1,000 of existing notes. Those who tender after this date but before the Expiration Date (April 8, 2025) will receive US$1,000 in new notes for each US$1,000 of existing notes.
The early settlement is expected on March 31, 2025, with final settlement anticipated on April 11, 2025. The offer includes accrued and unpaid interest from December 22, 2024, to the settlement date.
IRSA Inversiones y Representaciones reported its Q2 FY2025 results, showing a net loss of ARS 40,971 million compared to a gain of ARS 319,226 million in the same period last year. The loss was primarily attributed to changes in fair value of investment properties, which is a non-cash accounting effect.
Shopping mall tenant sales increased 21.4% quarter-over-quarter but decreased 8.5% year-over-year. The company acquired 'Terrazas de Mayo' shopping mall for USD 27.75 million, featuring 33,700 sqm of leasable area. The premium office portfolio reached 100% occupancy, and the company sold a floor of Della Paolera 261 building for USD 7.1 million.
Additionally, IRSA signed agreements to sell two lots of the Ramblas del Plata project with 40,000 sqm of saleable area for USD 23.4 million. The company's market capitalization as of December 31, 2024, was approximately USD 1,117 million.
IRSA Inversiones y Representaciones reported a net loss of ARS 109,135 million in Q1 FY2025, compared to a gain of ARS 250,538 million in the same period last year. The loss was primarily attributed to changes in fair value of investment properties. Shopping center sales declined 12.1% year-over-year, while premium office portfolio occupancy improved to 97.9%. The company acquired a property near Alto Avellaneda shopping center for USD 12.2 million and sold a floor of Della Paolera 261 building for USD 7.1 million. A cash dividend of ARS 90,000 million was approved, along with distribution of own shares representing 3.6% of stock capital.
IRSA Inversiones y Representaciones, Argentina's largest real estate company, has announced the filing of its 20-F Form for Fiscal Year 2024 with the SEC. The company, dual-listed on NYSE (IRS) and ByMA (IRSA), manages a diverse portfolio of shopping centers, office buildings, and three luxury hotels in Buenos Aires. IRSA also holds a stake in Banco Hipotecario, Argentina's largest mortgage provider. The complete audited financial statements are available on the company's website, and shareholders can request hard copies free of charge.
IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA) announced its results for Fiscal Year 2024, ended June 30, 2024. Key highlights include:
- Rental adjusted EBITDA reached ARS 171,772 million, up 8.8% from 2023
- Net loss of ARS 23,054 million, mainly due to negative changes in fair value of investment properties
- Shopping Centers' real tenant sales fell 4.5% compared to 2023
- High occupancy rate maintained at 97.4%
- Several property transactions completed, including sales and acquisitions
- Dividends distributed twice, totaling ARS 119,000 million
- Share repurchases of approximately 4.0% of share capital, investing ARS 29,674 million
The company's financial performance showed mixed results, with increased EBITDA but a significant net loss. IRSA continues to actively manage its real estate portfolio and return value to shareholders through dividends and share buybacks.
IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA) reported a loss of ARS 111,728 million for the nine-month period of fiscal year 2024, influenced by inflation exposure on investment properties. However, the rental adjusted EBITDA increased by 9.1%, reaching ARS 112,911 million. Real tenant sales in shopping malls dropped by 18.5% due to inflation acceleration. The company maintained high occupancy rates across its rental segments. IRSA approved a cash dividend of ARS 55,000 million.
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