BUENOS AIRES, Argentina,
May 7, 2021 /PRNewswire/ --
HIGHLIGHTS
- The net result for the nine-month period of fiscal year 2021
recorded a loss of ARS 4,794 million
compared to a loss of ARS 2,384
million in the same period of 2020, mainly explained by the
negative result due to change in the fair value of investment
properties partially offset by higher net financial results.
- Adjusted EBITDA reached ARS 12,321
million in the nine-month period of 2021, increasing 65.7%
compared to 2020, mainly explained by the Sales and Developments
segment, whose EBITDA reached ARS 9,104
million from sales made of the Bouchard 710 building and the
Boston Tower. Adjusted EBITDA of the rental segments reached
ARS 3,394 million, which represents a
55% drop compared to the same period of the previous year.
- Tenant sales in shopping malls grew 0.4% in real terms in the
third quarter of fiscal year 2021 compared to 2020. Excluding the
second fortnight of March, which had the shopping centers partially
or totally closed in 2020, the variation was reverts to a drop of
20.5%.
- The occupancy of the shopping malls´ portfolio reached 89.5%,
while that of A + and A offices reached 81.2%, increasing slightly
compared to the previous quarter because of the new building "200
Della Paolera", whose occupancy
increased from 74.6% in December 2020
to 76.9% in March 2021.
- Subsequently, the national government ordered, among other
restrictive measures related to the COVID-19 pandemic, the closure
of shopping malls in the Buenos
Aires Metropolitan Area from April 16
to May 21 inclusive. Therefore, to date, 44% of the
portfolio remains operational.
Financial
Highlights
|
(In millions of
Argentine Pesos)
|
9M FY 2021
|
|
Income
Statement
|
03/31/2021
|
03/31/2020
|
Revenues from sales,
leases and services
|
5,668
|
10,470
|
Consolidated Gross
Profit
|
4,720
|
9,425
|
Consolidated (Loss) /
Profit from Operations
|
(8,316)
|
8,082
|
Loss for the
Period
|
(4,794)
|
(2,384)
|
|
|
|
Attributable
to:
|
|
|
IRSA CP's
Shareholders
|
(4,780)
|
(2,515)
|
Non-Controlling
interest
|
(14)
|
131
|
|
|
|
EPS
(Basic)
|
(8.83)
|
(19.96)
|
EPS
(Diluted)
|
(8.83)
|
(19.96)
|
|
|
|
Balance
Sheet
|
03/31/2021
|
06/30/2020
|
Current
Assets
|
14,705
|
20,205
|
Non-Current
Assets
|
152,621
|
175,413
|
Total
Assets
|
167,326
|
195,618
|
Current
Liabilities
|
14,178
|
22,232
|
Non-Current
Liabilities
|
67,300
|
71,080
|
Total
Liabilities
|
81,478
|
93,312
|
Non-Controlling
Interest
|
5,506
|
5,535
|
Shareholders'
Equity
|
85,848
|
102,306
|
IRSA Propiedades Comerciales cordially invites you to
participate in the IIIQ FY 2021 Results Conference Call on
Monday, May 10, 2021 at 10:00 a.m. US EST, 11:00
a.m. BA.
To access the Webinar:
https://irsacorp.zoom.us/j/84685263640?pwd=SnRlcHhncFQ4MUF6aXoyS2QxTXpCUT09
Webinar ID: 846 8526 3640
Password: 485277
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
55 330 1762
Brasil : +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632
2236 or +55 11 4632 2237 or +55 11 4680 6788
Estados Unidos de América: +1 312 626 6799 or +1 346 248 7799 or
+1 646 558 8656 or +1 669 900 9128 or +1 253 215 8782 or +1 301 715
8592
Chile: +56 232 938 848 or +56
41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210
9066
Investor Relations Department
+ 5411 4323-7449
ir@irsacp.com.ar
https://www.irsacp.com.ar/home-inversores.php?lng=en
Follow us on Twitter @irsacpir
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SOURCE IRSA Propiedades Comerciales S.A.