IRSA Inversiones y Representaciones S.A announces its results for the third quarter of Fiscal Year 2023 ended March 31, 2023Source: IRSA Inversiones y Representaciones S.A

BUENOS AIRES, Argentina, May 8, 2023 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), leading real estate company in Argentina, announces today its results for the third quarter of the Fiscal Year 2023 ended March 31, 2023.

HIGHLIGHTS

• The net result for the nine-month period of fiscal year 2023 registered a gain of ARS 31,768 million, 35.2% higher than the same period of the previous fiscal year.
• Adjusted EBITDA from the rental segments reached ARS 26,682 million, 38.7% higher than the nine-month period of the previous year, driven by the Shopping Centers and Hotels segments. Total adjusted EBITDA, which includes sales of investment properties, reached ARS 31,251 million, increasing 20.1% in the period.
• Tenant sales in Shopping Centers grew by 18.3% in the nine-month period of 2023 compared to the same period of 2022 and the occupancy grew significantly, reaching 96.8%.
• In March 2023, we sold 7 floors of the "200 Della Paolera" building for USD 81.2 million.
• During the quarter, we issued Series XV and XVI Notes for the sum of USD 90 million and canceled the Series I, II and IX Notes for the sum of USD 204.8 million.
• On May 5, 2023, the Company distributed to its shareholders a cash dividend of ARS 21.900 million, equivalent to ARS/share 27.3135 and ARS/ADR 273.1345.

Financial Highlights
(In millions of Argentine Pesos)
9M FY 2023

The Company's market capitalization as of March 31, 2023, was approximately USD 471 million. (81,112,220 GDS with a price per GDS of USD 5.81).

IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), the Argentina's largest, most well-diversified real estate company, cordially invites you to participate in its IIIQ FY 2023 Results Conference Call on Tuesday, May 9, 2023, at 10:00 AM US Eastern Time / 11:00 PM BA Time.

To access the Webinar:
https://irsacorp.zoom.us/webinar/register/WN_z9ElVx6qQ1ODrafTyxxMnA
Webinar ID: 848 3675 6844
Password: 103953

In addition, you can participate communicating to this numbers:
Argentina: +54 341 512 2188 or +54 343 414 5986 or +54 112 040 0447 or +54 115 983 6950
Israel: +972 2 376 4510 or +972 3 978 6688 or +972 2 376 4509
Brasil : +55 11 4632 2237  or +55 11 4680 6788  or +55 11 4700 9668  or +55 21 3958 7888  or +55 11 4632 2236
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Chile: +56 22 573 9305 or +56 23 210 9066  or +56 232 938 848  or +56 41 256 0288  or +56 22 5739304

Investor Relations Department
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[email protected]
https://www.irsa.com.ar/home-inversores.php?lng=en
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SOURCE IRSA Inversiones y Representaciones S.A.