The Company announces today its results for the second quarter of the Fiscal Year 2026.
- Net income for the first nine months of 2026 amounted to ARS 239,741 million, compared to ARS 46,497 million in the same period of the previous year, while Adjusted EBITDA from rental segments reached ARS 232,327 million in the first nine months of 2026, increasing 4.6% year-over-year, with solid performance across all three segments: shopping malls, offices, and hotels.
- In the Shopping Malls segment, revenues and Adjusted EBITDA increased by 2.4% and 2.0%, respectively, during the first nine months of fiscal year 2026, driven by higher base rent and other fixed components.
- We maintained 100% occupancy in our premium office portfolio during the third quarter, while the Hotels segment continued to show a recovery in revenue and EBITDA levels.
- During the quarter, we launched a new 15,350 sqm GLA office building at Polo Dot (northern area of the City of Buenos Aires), which will expand and integrate the Zetta building, with Mercado Libre as the main tenant. We also continued advancing the construction of the Distrito Diagonal shopping mall in La Plata and the Del Plata building in downtown Buenos Aires.
- During the quarter, we executed swap agreements for two new lots at Ramblas del Plata for USD 11.3 million and continued advancing infrastructure works at the plot, while awaiting project definition and the start of construction of the first buildings, expected in the next fiscal year.
