BUENOS
AIRES, Argentina, May 7, 2024
/PRNewswire/ --
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 of ARS
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 and ARS 17,660 million
from the Hotels. Total adjusted EBITDA reached ARS 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 for
ARS 55,000 million (ARS/share 76.1457
and ARS/GDS 761.4575), which will be distributed since May 9.
|
Financial
Highlights
(In millions of Argentine Pesos)
9M FY 2024
|
|
|
Income
Statement
|
03/31/2024
|
03/31/2023
|
|
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
|
|
|
|
|
Attributable
to:
|
|
|
|
IRSA's
Shareholders
|
(104,926)
|
119,339
|
|
Non-Controlling
interest
|
(6,802)
|
3,878
|
|
|
|
|
EPS (Basic)
|
(140.84)
|
159.33
|
|
EPS
(Diluted)
|
(140.84)
|
145.89
|
|
|
|
|
Balance
Sheet
|
03/31/2024
|
06/30/2023
|
|
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 March 31, 2024, was approximately USD 692 million. (73,890,228 GDS with a price per
GDS of USD 9.36).
IRSA Inversiones y Representaciones S.A. (NYSE: IRS,
BYMA: IRSA), the Argentina's
largest, most well-diversified real estate company, cordially
invites you to participate in its IIIQ FY 2024 Results Conference
Call on Wednesday, May 8, 2024, at
10:00 AM US Eastern Time /
11:00 AM BA Time.
To access the Webinar:
https://zoom.us/webinar/register/WN_TzD8MDqvTkWuH3O_bWZhVg
Webinar ID: 992 7772 1006
Password: 367066
In addition, you can participate communicating to this
numbers:
Argentina: +54 112 040 0447 or
+54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986
Israel: +972 3 978 6688 or +972
2 376 4509 or +972 2 376 4510
Brazil: +55 11 4632 2237 or +55
11 4680 6788 or +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632
2236
United States of America: +1
564 217 2000 or +1 646 931 3860 or +1 669 444 9171 or +1 669 900
6833 or +1 689 278 1000
Chile: +56 22 573 9305 or
+56 23 210 9066 or +56 232 938 848 or +56 41 256 0288 or +56 22 573
9304
Investor Relations Department.
+ 5411 4323-7449
ir@irsa.com.ar
https://www.irsa.com.ar/home-inversores.php?lng=en
Follow us on X @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.
