IRSA Inversiones Y RepresentacionesIRS
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Real Estate
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IRSA Posts ARS420.9 Billion Net Income for Fiscal 2026 as Rental EBITDA Hits Record
EarningsCorporate Action
IRSA Inversiones y Representaciones reported net income of ARS420.9 billion for fiscal year 2026, up from ARS261.9 billion the prior year, with rental segment EBITDA reaching a record high of nearly $200 million. Shopping mall revenue rose 1.5% while tenant sales fell 8.6% in real terms on a price effect, and the shopping mall EBITDA margin slipped from 67.9% to 66% on one-shot costs in the fourth quarter. The company ended the year with $390 million in cash, a net-debt-to-EBITDA ratio of 1.4x and an LTV of 10%, and expects fiscal 2027 CapEx to peak at approximately $150 million. IRSA distributed a 10% dividend yield in November and expects a new dividend proposal next week, while gross leasable area is set to grow about 20% to 432,000 square meters across 19 shopping centers next year. In the Ramblas del Plata project, 20 transactions were completed, 18 land swaps and 2 sales, for approximately $130 million in total value.
IRSA Inversiones Y Representaciones