IRSA Inversiones y Representaciones SA (FRA:IRY)
€ 16.4 0.1 (0.61%) Market Cap: 1.21 Bil Enterprise Value: 1.48 Bil PE Ratio: 0 PB Ratio: 1.29 GF Score: 63/100
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Q3 2023 IRSA Inversiones y Representaciones SA Earnings Call Transcript

May 09, 2023 / 02:00PM GMT
Release Date Price: €5.38 (+9.11%)
Santiago Donato
IRSA Inversiones y Representaciones Sociedad Anónima - IR Officer

I will give a word to Matias Ivan Gaivironsky, CFO.

Matias Ivan Gaivironsky
IRSA Inversiones y Representaciones Sociedad Anónima - Chief Financial & Administrative Officer

Good morning, everybody. We finished our third quarter of 2023. We are very happy with the results. We can see a strong financial and operational performance. We saw during the quarter an increase in the occupancy of our shopping centers and also a tenant sales improvement. Our office portfolio, the premium part of the office portfolio has 100% occupancy. We reached 100% in the Della Paolera building during the quarter. Also our hotels has a strong EBITDA now and higher occupancy than the previous quarters.

During the quarter, we saw also disposals of our building in 200 Della Paolera, we sold 7 floors at very good prices. And also during the quarter, we reevaluated the remaining surface in this building because the prices that we have been selling were higher than the book value on the last

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