The Company announces today its results for the third quarter of Fiscal Year 2023.
The net result for the nine months of fiscal year 2023 registered a gain of ARS 31,768 million, 35.2% higher than the same period of the previous fiscal year.
Adjusted EBITDA from the rental segments reached ARS 26,682 million, 38.7% higher than the nine-month period of the previous year, driven by the Shopping Centers and Hotels segments. Total adjusted EBITDA, which includes sales of investment properties, reached ARS 31,251 million, increasing 20.1% in the period.
Tenant sales in Shopping Centers grew by 18.3% in the nine-month period of 2023 compared to the same period of 2022 and the occupancy grew significantly, reaching 96.8%.
In March 2023, we sold 7 floors of the “200 Della Paolera” building for USD 81.2 million.
During the quarter, we issued Series XV and XVI Notes for the sum of USD 90 million and canceled the Series I, II and IX Notes for the sum of USD 204.8 million.
On May 5, 2023, the Company distributed to its shareholders a cash dividend of ARS 21.900 million, equivalent to ARS/share 27.3135 and ARS/ADR 273.1345.