The following is a summary of the IRSA Inversiones Y Representaciones Sociedad Anónima (IRS) Q1 2025 Earnings Call Transcript:
Financial Performance:
IRSA reported an adjusted EBITDA of ARS 46.9 billion in Q1 2025, which is 8.8% lower than the previous quarter.
Net income showed a significant loss of ARS 109 billion due to non-cash effects, mainly from the valuation of investment properties.
Dividend payments of ARS 90 billion were announced and paid, yielding about 8%.
Business Progress:
Hotel occupancy fell from 66% to 55%, with a decrease also noted in room rates for the quarter, impacting the Hotels segment negatively.
The Office segment showed a decrease due to reduced square meterage, although occupancy increased slightly to 98%.
Significant acquisitions include a property adjoining Alto Avellaneda mall for future expansion and commencement of several new real estate development projects.
Continued development and financial activities in real estate, with several projects underway and others approaching launch.
Opportunities:
The new lease laws and reinvigoration of the mortgage market could stimulate further real estate market activities, potentially driving up property demand and values.
Expected improvements in economic conditions and real salaries may drive recovery in tenant sales and overall market demand.
Risks:
Decreased hotel sector performance due to reduced tourism, influenced by lesser foreign exchange competitiveness, could persist if economic conditions do not improve.
Potential fluctuations in property valuations due to macroeconomic instability, specifically around currency depreciation.
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
