The Company today announced its results for the second quarter of Fiscal 2023.
- Net income for the first half of fiscal 2023 recorded a gain of ARS 15,436 million compared to a gain of ARS 49,712 million in the previous year.
- Adjusted EBITDA of the income segments reached ARS 15,471 million, 47.5% higher than the first half of the previous year, driven by the shopping centers and hotels segments. Total adjusted EBITDA, which includes sales of investment properties, reached ARS 13,903 million, an increase of 10.1% in the period.
- Actual tenant sales in shopping centers grew by 22.2% in the first half of 2023 compared to the same period in 2022. Segment EBITDA reached ARS 12,419 million, increasing 50.5% in the period, and the EBITDA margin grew to 78.6%.
- Occupancy in the rental segments grew during the quarter, reaching 93.9% in shopping centers, 83.8% in the premium office portfolio and 71.4% in hotels.
- On November 8, 2022, the Company distributed to shareholders a cash dividend in the amount of ARS 4,340 million, equivalent to ARS/share 5.41438 and ARS/ADR 54.1438.
- Subsequent to the closing, we issued USD 90 million of Class XV and XVI notes, the proceeds of which will be used to repay short-term debt.
