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IRSA Inversiones y Representaciones S.A. reports recurring developments tied to its Argentina real estate portfolio, including shopping malls, premium office buildings, hotels, land sales and development projects. Company updates commonly discuss rental-segment Adjusted EBITDA, tenant sales, occupancy, changes in the fair value of investment properties, and results reported for its fiscal quarters and fiscal year.
IRSA news also includes capital-market and balance-sheet actions such as note issuances, exchange offers, dividends, warrant exercises, asset acquisitions, lot sales or swaps, and progress at projects including Ramblas del Plata and Distrito Diagonal. The company is listed on the NYSE through Global Depositary Shares under IRS and on BYMA under IRSA.
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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