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IRSA Inversiones y Representaciones S.A. announces its results for Fiscal Year 2024, ended June 30, 2024

IRSA Inversiones Y Representaciones S.A. Global Depositary Shares (Each representing ten shares of) (IRS) 
US:NYSE Investor Relations: irsa.com.ar
Company Research Source: PR Newswire
BUENOS AIRES, Argentina, Sept. 3, 2024 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the Fiscal Year 2024 ended June 30, 2024.HIGHLIGHTSThe rental adjusted EBITDA reached ARS 171,772 million, 8.8% higher than in 2023, driven by the Shopping Centers and Hotels segments.The net result for fiscal year 2024 recorded a loss of ARS 23,054 million due mainly to the negative result due to changes in the fair value of investment properties.Real tenant sales in Shopping Centers fell 4.5% in fiscal year 2024 compared to 2023 due to a first semester of growth and a second semester of contraction in economic activity. Occupancy remained high at 97.4%.During the year we sold 3 floors of the "200 Della Paolera" building, the Suipacha 652/64 building, our 50% stake in Quality Invest S.A, owner of the San Martín property, and we bartered the Ezpeleta property in the district of Quilmes, Bu Show less Read more
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