The Company announces today its results for the third quarter of the Fiscal Year 2025.
The net result for the nine-month period of fiscal year 2025 recorded a profit of ARS 35,063 million compared to a loss of ARS 174,216 million in the same period of the previous year.
The shopping malls continued their recovery process and observed very good results in the third quarter of fiscal year 2025. Tenant sales grew by 13.4% compared to the same quarter in 2024, and portfolio occupancy increased to 98.1%. The segment’s adjusted EBITDA reached ARS 147,914 million in the nine-month period, 9.7% higher than the same period in 2024.
We maintained full occupancy of our premium office portfolio in the third quarter of FY25.
The Hotels segment recorded lower revenues and occupancy in a context of greater appreciation of the Argentine peso against the dollar.
During the quarter and thereafter, we signed sale and exchange agreements for eleven lots of the Ramblas del Plata project, with an estimated sellable area of 95,000 sqm for USD 66.1 million.
During the quarter, we issued the Series XXIV Notes in the international market for USD 300 million, maturing in 2035. The funds will be used to cancel existing liabilities and finance investment projects.
