The Company today announced its results for the first quarter of Fiscal 2023.
– Net income for the first quarter of fiscal 2023 recorded a gain of ARS 1,297 million compared to a loss of ARS 1,855 million in the previous year.
– Adjusted EBITDA in the rental segments reached ARS 5,796 million, ARS 4,575 million in the Shopping Centers segment, ARS 562 million in the office segment and ARS 659 million in the Hotels segment, 46.6% higher than in the first quarter of the previous year. Total adjusted EBITDA, which includes the sale of one floor of the “200 Della Paolera” building, reached ARS 6,696 million, an increase of 93.9% in the period.
– Actual mall tenant sales grew 21.9% in the first quarter of 2023 compared to the same period in 2020, unaffected by the pandemic. Portfolio occupancy grew slightly to 93.7%.
– The hotel segment recorded record revenues during the first quarter of fiscal 2023, driven by the Llao Llao Llao resort in the city of Bariloche. Segment EBITDA increased 357.6% compared to the same period in 2022.
– During the period, we completed the share buyback plan launched in the previous year. The company acquired 1.16% of the capital stock for ARS 995 million.
– Effective November 8, 2022, the Company made available to shareholders a cash dividend in the amount of ARS 4,340 million, equivalent to ARS/share 5.41438 and ARS/ADR 54.1438.
