IRSA Reports Q1 FY2027 Net Loss Due to Investment Property Fair Value Adjustments
IRSA Inversiones y Representaciones S.A. reported a net loss of ARS 6,380 million for the first quarter of fiscal year 2027, ending September 30, 2026. This marks a significant reversal from the ARS 217,952 million gain recorded in the same period last year, primarily driven by losses related to changes in the fair value of investment properties. Despite the net loss, the company saw growth in its total Adjusted EBITDA, which rose 9.3% due to strong performance in the Sales and Developments segment. While shopping mall revenues grew in line with inflation, real tenant sales experienced a 6.1% decline in real terms. The company continues to expand its portfolio through new projects like Oeste Outlet and Distrito Diagonal.