IRSA Propiedades Comerciales S.A. operates as an investment arm of IRSA Inversiones y Representaciones S.A. Alto Palermo S.A. engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires. The company offers leases to retail tenants in its ten shopping centers; administration and maintenance of common areas; administration of contributions made by tenants to finance promotional efforts for the shopping centers; and parking lot services for visitors. The company also offers credit card consumer finance service, through the issuance of its Tarjeta Shopping and Tarjeta Shopping Metroshop credit cards, for consumers at shopping centers, hypermarkets, and street stores. It also engages in the development and sale of residential properties, and acquisition and sale of undeveloped parcels of land for future development. In addition, it engages in the development of condominiums associated with its shopping centers. The company was founded in 1889 and is headquartered in Buenos Aires, Argentina.
IPO Year:
Exchange: NASDAQ
Website: irsacp.com.ar
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BUENOS AIRES, Argentina, Nov. 5, 2021 /PRNewswire/ -- IRSA Propiedades Comerciales S.A. (NASDAQ:IRCP, ByMA: IRCP))), the leading commercial real estate company in Argentina, announces its results for the first quarter of the FY 2022 ended September 30, 2021. HIGHLIGHTS Tenant sales in shopping malls fell 10.7% in real terms in the first quarter of fiscal year 2022 compared to the same period of 2020, not affected by the pandemic. Portfolio occupancy stood at 90%. Office revenue fell 13.1%, and occupancy in A + and A buildings fell slightly to 79%. The rental adjusted EBITDA reached ARS 2,064 million during the quarter, 36% lower than that observed in the same period of 2020, not affected by
BUENOS AIRES, Argentina, Sept. 6, 2021 /PRNewswire/ -- IRSA Propiedades Comerciales S.A. (NASDAQ:IRCP, ByMA: IRCP))), the leading commercial real estate company in Argentina, announces its results for the Fiscal Year 2021 ended June 30, 2021. HIGHLIGHTS The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company's shopping malls were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. Tenant sales in shopping malls fell 27.8% in real terms in fiscal 2021 compared to 2020 and the occupancy of the portfolio was 90%. Office revenue fell 21.9% and occupancy in A
BUENOS AIRES, Argentina, Nov. 5, 2021 /PRNewswire/ -- IRSA Propiedades Comerciales S.A. (NASDAQ:IRCP, ByMA: IRCP))), the leading commercial real estate company in Argentina, announces its results for the first quarter of the FY 2022 ended September 30, 2021. HIGHLIGHTS Tenant sales in shopping malls fell 10.7% in real terms in the first quarter of fiscal year 2022 compared to the same period of 2020, not affected by the pandemic. Portfolio occupancy stood at 90%. Office revenue fell 13.1%, and occupancy in A + and A buildings fell slightly to 79%. The rental adjusted EBITDA reached ARS 2,064 million during the quarter, 36% lower than that observed in the same period of 2020, not affected by
BUENOS AIRES, Argentina, Sept. 30, 2021 /PRNewswire/ -- IRSA Propiedades Comerciales S.A. (NASDAQ:IRCP, ByMA:IRCP))), Argentina's leading Commercial Real Estate company, informs that as of this date the Company's Board of Directors has approved the beginning of the corporate reorganization process in the terms of article 82 and sbqs. of the General Law of Companies No. 19,550, the Income Tax Law No. 20,628, amendments, and regulations, CNV's Rules and the Listing Regulations of BYMA, by which IRSA Inversiones y Representaciones SA ("IRSA"), acting as the absorbing company, will merge by absorption with IRSA PC, as the absorbed company. In this regard, the Board of Directors has approved: (i)
BUENOS AIRES, Argentina, Sept. 6, 2021 /PRNewswire/ -- IRSA Propiedades Comerciales S.A. (NASDAQ:IRCP, ByMA: IRCP))), the leading commercial real estate company in Argentina, announces its results for the Fiscal Year 2021 ended June 30, 2021. HIGHLIGHTS The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company's shopping malls were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. Tenant sales in shopping malls fell 27.8% in real terms in fiscal 2021 compared to 2020 and the occupancy of the portfolio was 90%. Office revenue fell 21.9% and occupancy in A
BUENOS AIRES, Argentina, July 8, 2021 /PRNewswire/ -- The Company informs that Comisión Nacional de Valores (the Argentine National Securities Commission) and Buenos Aires Stock Exchange approved what has been decided in the Company's Shareholders meeting held on October 26, 2020: (I) the capitalization of Inflation Adjustment of Share Capital, Share Premium and Other Reserves recorded in the Financial Statements corresponding to the fiscal year ended on June 30, 2020 (II) the change in the nominal value of the capital stock shares with a nominal value of ARS 1 and one vote per share to a nominal value of ARS 100 each and one vote per share, and (III) the distribution of 53,996,987,920 i
BUENOS AIRES, Argentina, May 7, 2021 /PRNewswire/ -- HIGHLIGHTS The net result for the nine-month period of fiscal year 2021 recorded a loss of ARS 4,794 million compared to a loss of ARS 2,384 million in the same period of 2020, mainly explained by the negative result due to change in the fair value of investment properties partially offset by higher net financial results. Adjusted EBITDA reached ARS 12,321 million in the nine-month period of 2021, increasing 65.7% compared to 2020, mainly explained by the Sales and Developments segment, whose EBITDA reached ARS 9,104 million from sales made of the Bouchard 710 building and the Boston Tower. Adjusted EBITDA of the rental segments reached AR
BUENOS AIRES, Argentina, Feb. 9, 2021 /PRNewswire/ -- HIGHLIGHTS The net result for the first semester of fiscal year 2021 recorded a gain of ARS 5,285 million compared to a loss of ARS 341 million in the same period of 2020, mainly explained by higher results due to changes in the fair value of investment properties and higher net financial results. Adjusted EBITDA reached ARS 8,883 million in the first semester of fiscal year 2021, increasing 90.7% compared to 2020, mainly explained by the Sales and Developments segment, whose EBITDA reached ARS 7,393 million as a result of the sales made of the buildings Bouchard 710 and the Boston Tower. The adjusted EBITDA of the rental segments r
15-12G - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)
6-K - IRSA PROPIEDADES COMERCIALES S.A. (0001128173) (Filer)