IRSA Inversiones Reports Q1 2027 Net Loss Amid Argentine Inflationary Pressures
IRSA Inversiones y Representaciones Sociedad Anónima reported a net loss of ARS 6.3 billion for the first quarter of fiscal 2027, a reversal from the previous year's profit. Management attributed this decline to a drop in the fair value of investment properties caused by Argentine inflation outpacing currency devaluation. Despite the net loss, operational metrics showed resilience. Rental EBITDA increased by 20% in U.S. dollar terms, and shopping mall occupancy rose to 97.6%. The company is currently undergoing an aggressive capital expenditure cycle, with projected FY 2027 CapEx of $150 million to fund ongoing construction projects like the Oeste Outlet Development and La Plata Shopping Center.
Topics: EBITDA Inflation Impact Net Loss Occupancy Rates Real Estate Performance