The Company today announced its results for the second quarter of Fiscal 2024.
Net income for the second quarter of fiscal year 2024 recorded a gain of ARS 146,593 million compared to ARS 48,072 million in the same period of the previous year, mainly explained by the gain recorded from changes in the fair value of investment properties. Adjusted EBITDA of the income segments reached ARS 54,102 million, 12.3% higher than in the first half of 2023, driven by the Shopping Centers and Hotels segments. Total adjusted EBITDA reached ARS 66,940 million, an increase of 54.6% compared to the same period of the previous year, mainly explained by higher sales of investment properties. Actual tenant sales in Shopping Centers grew by 8.9% in the first half of 2024 compared to 2023, and occupancy remained at 98%. As for the premium office segment, we reached 92.8% occupancy this quarter and sold 2 additional floors of the “200 Della Paolera” building in Catalinas. In January 2024, we concluded the distribution process of the cash dividend and treasury stock, approved by the Shareholders’ Meeting of October 5, 2023, to the GDS holders, which was pending.
