The Company announces today its results for the first quarter of the Fiscal Year 2026.
- The net result for the first quarter of fiscal year 2026 recorded a gain of ARS 163,438 million, compared to a loss of ARS 143,662 million in the same period of 2025. This was mainly driven by the gain from changes in the fair value of investment properties.
- Adjusted EBITDA from rental segments reached ARS 64,256 million in the first quarter of 2026, increasing 3.5% compared to the same period of 2025.
- Shopping malls revenues and adjusted EBITDA grew 6.6% and 4.1%, respectively, during the first quarter of 2026 compared to the same quarter of 2025, while real tenant sales in shopping malls declined 7.0%.
- During the quarter, we acquired the “Al Oeste” shopping center located in Haedo, Greater Buenos Aires, for USD 9 million, and continued construction progress on Distrito Diagonal, a shopping center under development in the city of La Plata.
- Occupancy of the premium office portfolio reached 100% during the quarter.
- On October 30, 2025, the Shareholders’ Meeting approved a cash dividend distribution for ARS 173,788 million (10% dividend yield).
