BUENOS
AIRES, Argentina, Sept. 6,
2022 /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 2022 ended
June 30, 2022.
HIGHLIGHTS
- During the year, we concluded the merger between IRSA and IRSA
Commercial Properties that has an effective date of July 1, 2021.
- The net result for fiscal year 2022 registered a gain of
ARS 34,892 million compared to a loss
of ARS 61,641 million in fiscal year
2021.
- Adjusted EBITDA reached ARS 27,427
million in fiscal year 2022, 49% higher than in 2019, not
affected by the pandemic. Rental adjusted EBITDA reached
ARS 15,782 million (ARS 12,248 million for Shopping Malls,
ARS 2,443 million for offices and
ARS 1,091 million for Hotels).
- Mall´s tenant sales grew 9.5% in 2022 compared to 2019, not
affected by the pandemic. Portfolio occupancy grew to 93.1%.
- During the year, we sold 9 floors of the 200 Della Paolera
building for USD 93.2 million and the
República building for USD 131.8
million.
- In December 2021, we obtained the
approval from the Legislature of the City
of Buenos Aires of our main project "Costa Urbana" in
Puerto Madero Sur to develop
approximately 900,000 sqm of mixed uses.
- Regarding financial matters, we issued debt in the local market
for USD 58.1 million and after
closing, we completed the exchange of the Series II Notes,
originally issued by IRSA Propiedades Comerciales S.A., for
USD 360 million within the framework
of the Resolution of the Central Bank of the Argentine Republic,
reaching an acceptance of 66.4%.
- During the year, we launched a share repurchase plan for up to
ARS 1,000 million, which to date has
registered an advance of 87.8%.
Financial Highlights
(In millions of
Argentine Pesos)
FY 2022
Income
Statement
|
06/30/2022
|
06/30/2021
|
Revenues
|
32,085
|
21,282
|
Consolidated Gross
Profit
|
19,969
|
10,519
|
Net result from changes
in the fair value of investment properties
|
13,650
|
(12,742)
|
Consolidated Profit /
(Loss) from Operations
|
26,166
|
(9,755)
|
Result for the
Period
|
34,892
|
(61,641)
|
|
|
|
Attributable
to:
|
|
|
IRSA's
Shareholders
|
34,552
|
(49,077)
|
Non-Controlling
interest
|
340
|
(12,564)
|
|
|
|
EPS (Basic)
|
42.73
|
(83.41)
|
EPS
(Diluted)
|
38.79
|
(83.41)
|
|
|
|
Balance
Sheet
|
06/30/2022
|
06/30/2021
|
Current
Assets
|
42,419
|
22,833
|
Non-Current
Assets
|
330,373
|
342,492
|
Total
Assets
|
372,792
|
365,325
|
Current
Liabilities
|
86,429
|
36,304
|
Non-Current
Liabilities
|
116,636
|
193,368
|
Total
Liabilities
|
203,065
|
229,672
|
Non-Controlling
Interest
|
10,874
|
34,259
|
Shareholders'
Equity
|
169,727
|
135,653
|
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 FY 2022 Results Conference Call
on Thursday, September 8, 2022, at
10:00 AM US Eastern Time /
11:00 AM BA Time.
To access the Webinar:
https://irsacorp.zoom.us/j/89007871967?pwd=L0ExemxYM2xONzVnSWpSNmhyRFY0QT09
Webinar ID: 890 0787 1967
Password: 911195
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
Brazil: +55 11 4700 9668 or +55
21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237 or +55 11 4680
6788
United States of America: +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@irsa.com.ar
https://www.irsa.com.ar/home-inversores.php?lng=en
Follow us on Twitter @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.