IRSA Inversiones y Representaciones Sociedad Anónima (IRSA) Earnings Call Transcripts

IRSA Inversiones y Representaciones Sociedad Anónima's Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal year 2026, IRSA reported a net gain of ARS 239 billion, driven by increased revenues from shopping malls and a fully occupied office portfolio. Revenue from shopping malls grew by 2.5%, while adjusted EBITDA increased by 2.2%, indicating resilience despite a 10% decline in tenant sales. Management maintained a positive outlook, signaling potential recovery in consumption and plans for new developments, including an office expansion with Mercado Libre as a key tenant.

Reported metrics

Guidance from management

Management maintained a positive outlook, indicating expectations for a recovery in consumption and plans for further developments, including logistics and residential projects. No specific financial guidance was provided.

What management said

Data center business, we've been analyzing that and in the near future, that's not -- we don't think that's going to happen. We are analyzing the possibility of going into logistics. We're very confident that in the near future we should be one of starting a long road on logistics and maybe someday we can be a strong player, a strong local player in Argentina in logistics, hopefully. Yes, we are analyzing becoming in...

Good. Second question, on the mall segment. How are you seeing consumption trends in shoppings for April and May? There was someone else asking for this quarter, the one that we are entering now, or we enter in April. And with this new pricing dynamic mentioned, at what point could you expect tenants -- give me one second. Would you expect tenants to begin pushing for contract revisions? Which is IRSA strategy for th...

What analysts pressed on

Analysts expressed concerns regarding the declining tenant sales and the potential impact of inflation on future earnings. There were questions about the company's strategy to address weaker consumption trends and how it might affect tenant negotiations.

Main topics on the call

• Revenue Growth in Shopping Malls — IRSA's shopping mall revenues increased by 2.5% despite a 10% decline in tenant sales, showcasing the strength of fixed components in their revenue model. Management noted, "All the fixed components today account for alm...
• Office Portfolio Performance — The office segment reported 100% occupancy and a 15% increase in rents, with management stating, "We are seeing huge demand in our offices, in our premium offices." This indicates strong fundamentals in the office market...
• Hotel Segment Recovery — The hotel segment saw a 37% increase in adjusted EBITDA, with occupancy rates reaching 74%. Management mentioned, "Tourism is coming to Buenos Aires," suggesting a rebound in travel and events.
• Expansion Plans — IRSA announced plans for a new office building adjacent to Zetta, with Mercado Libre as a major tenant. This expansion is part of a broader strategy to enhance their portfolio, as noted by management's comment on the "ne...

Read the full IRSA Inversiones y Representaciones Sociedad Anónima transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 IRSA Inversiones y Representaciones Sociedad Anónima earnings call transcripts on record, spanning February 12, 2020 to May 7, 2026. Based on this history, IRSA Inversiones y Representaciones Sociedad Anónima reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

IRSA

Exchange

BASE

Country

AR

Sector

Real Estate

Industry

Real Estate Management and Development

Calls on record

28

First call

February 12, 2020

Most recent

May 7, 2026

Reporting cadence

quarterly