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. (NYSE: IRS; BYMA: IRSA) generates frequent news and disclosures as a real estate company active in shopping centers, office buildings, hotels and real estate development in Argentina. Its news flow includes periodic financial results, project updates, capital markets transactions and regulatory announcements.
Investors following IRS stock news can expect detailed quarterly and annual earnings releases, where the company reports revenues, rental adjusted EBITDA for its rental segments, net results and information on tenant sales and occupancy in shopping centers and offices. These releases often highlight performance in shopping malls, premium office occupancy levels and trends in the Hotels segment.
IRSA also issues news about acquisitions and disposals of properties, such as purchases of shopping centers, sales of office floors and barter agreements for lots in the Ramblas del Plata project. Updates on residential and commercial developments, including progress on infrastructure works and commercialization agreements, appear regularly in its communications.
On the financing side, IRSA publishes announcements on note issuances, exchange offers for existing notes, interest and capital payments on its series of notes and changes in the terms of outstanding warrants. The company also reports on dividend distributions and share repurchases when applicable.
This news page aggregates these press releases and related items so that readers can review IRSA’s latest financial results, portfolio actions, development milestones and capital structure events in one place. For those analyzing IRS, regularly reviewing this stream of company-generated news can provide insight into how IRSA manages its shopping centers, offices, hotels, developments and financial obligations over time.
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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IRSA Inversiones y Representaciones S.A. (NYSE: IRS), a leading real estate firm in Argentina, reported its financial results for the second quarter of FY 2023 ending December 31, 2022. The company recorded a net profit of ARS 15,436 million, down from ARS 49,712 million in the prior year. Rental adjusted EBITDA rose 47.5% to ARS 15,471 million, driven by strong performance in shopping malls and hotels. Tenant sales in malls increased by 22.2%. The occupancy rates for shopping malls, office portfolios, and hotels improved to 93.9%, 83.8%, and 71.4%, respectively. Despite these gains, a fair value adjustment resulted in a loss of ARS 29,530 million, raising concerns about asset valuations.