SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of November, 2021
IRSA
Propiedades Comerciales S.A.
(Exact name of Registrant as specified in its charter)
IRSA
Commercial Properties Inc.
(Translation of registrant´s name into English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Carlos Della Paolera 261 9th
Floor
(C1001ADA)
Buenos
Aires, Argentina
(Address of principal
executive offices)
Form 20-F ⌧ Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ☐ No
x
IRSA
Propiedades Comerciales S.A.
(THE
“COMPANY”)
REPORT
ON FORM 6-K
IRSA
Propiedades Comerciales S.A.
(THE
“COMPANY”)
REPORT
ON FORM 6-K
Attached is the
English translation of the letter dated November 4, 2021, filed by
the Company with the Bolsa de
Comercio de Buenos Aires and the Comisión Nacional de
Valores.
In compliance with
Section 63 of the Regulations issued by the Buenos Aires Stock
Exchange, this is to report the following information:
|
Integral
Result for the three-month period of Fiscal Year 2022 (in ARS
million)
|
|
09/30/2021
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|
|
06/30/2021
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|
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|
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Gain / Loss
attributable to:
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|
|
|
|
|
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Company’s
shareholders
|
|
|
(1,709)
|
|
|
|
18,828
|
|
|
Non-controlling
interests
|
|
|
(92)
|
|
|
|
1,447
|
|
|
|
|
|
|
|
|
|
|
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Equity
Composition:
|
|
|
|
|
|
|
|
|
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Capital
stock
|
|
|
54,123
|
|
|
|
126
|
|
|
Comprehensive
adjustment of capital stock
|
|
|
34,716
|
|
|
|
5,646
|
|
|
Additional paid-in
capital
|
|
|
-
|
|
|
|
15,857
|
|
|
Legal
Reserve
|
|
|
1,622
|
|
|
|
220
|
|
|
Futures Dividends
Reserve
|
|
|
-
|
|
|
|
51,921
|
|
|
Reserve Resolution
CNV 609/12
|
|
|
-
|
|
|
|
15,153
|
|
|
Special
Reserve
|
|
|
10,727
|
|
|
|
247
|
|
|
Other
Reserve
|
|
|
110
|
|
|
|
-
|
|
|
Changes in non
controlling interest
|
|
|
(361)
|
|
|
|
(360)
|
|
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Retained
earnings
|
|
|
(24,013)
|
|
|
|
46,878
|
|
|
Other comprehensive
income
|
|
|
558
|
|
|
|
395
|
|
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Total
attributable to the company's
shareholders
|
|
|
77,482
|
|
|
|
136,083
|
|
|
Non-controlling
interest
|
|
|
5,972
|
|
|
|
8,141
|
|
|
Total
Shareholders’ Equity
|
|
|
83,454
|
|
|
|
144,224
|
|
|
|
|
|
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|
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Shareholders
|
Shares
|
Stake
|
|
IRSA Inversiones y
Representaciones Sociedad Anónima1
|
432,545,580
|
79.92%
|
|
Minority
Shareholders
|
108,684,439
|
20.08%
|
Below are the
highlights for the three-month period of Fiscal Year 2022 ended
September 30, 2021:
●
Tenant sales in
shopping malls fell 10.7% in real terms in the first quarter of the
2022 period compared to the same period in 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 the closure of operations.
●
The net result for
the first quarter of fiscal year 2022 recorded a loss of ARS 1,801
million compared to a gain of ARS 20,275 million in the same
quarter of the previous fiscal year, mainly explained by negative
results due to changes in the fair value of investment
properties.
●
During the quarter,
the Company's Board of Directors approved a corporate
reorganization process consisting of the merger by absorption
between IRSA and the company, in which IRSA would absorb IRSA PC.
The process is subject to the approval by the Shareholders' Meeting
that will be carried out in the coming months.
●
As a subsequent
event, we sold 3 floors of “261 Della Paolera” building
with a surface area of 3,582 sqm for an approximate
amount of USD 32 million.
1 Includes the stake
of E-Commerce Latina S.A. and Tyrus S.A (Subsidiares of IRSA
Inversiones y Representaciones Sociedad Anónima)
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the city of
Buenos Aires, Argentina.
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IRSA
Propiedades Comerciales S.A.
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By:
|
/S/ Saúl
Zang
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Name:
Saúl Zang
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Title:
Responsible for relationship with the markets
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Dated: November 4,
2021