IRSA Propiedades Comerciales S.A.
IRCP
NASDAQ Global Select2.50
USD
+0.27
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IRSA Propiedades Comerciales S.A.
IRCP
(NASDAQ Global Select)
Recent
price
2.50
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- IRSA Propiedades Comerciales S.A. is an Argentine commercial real estate company primarily engaged in the ownership, development, acquisition, leasing, management, and operation of shopping centers, premium office buildings, and commercial properties, along with holding extensive land reserves for future commercial and mixed-use developments predominantly in Argentina. Its main product portfolio includes a diverse range of retail shopping malls; premium office spaces leased to leading companies; urban residential projects; hotels; and land assets positioned for future developments. The company also has significant operations managing entertainment centers and mixed-use real estate projects in key urban locations. IRSA Propiedades Comerciales serves retail businesses, office tenants, and real estate investors across Argentina and maintains a significant presence in the Buenos Aires metropolitan area and other major Argentine cities. Founded in 1991, the company is headquartered in Buenos Aires. In terms of recent major changes, IRSA Propiedades Comerciales completed a strategic merger with its parent company IRSA Inversiones y Representaciones S.A., effective May 2022, which streamlined its corporate structure and enhanced operational synergies. In 2024 and 2025, the company advanced its real estate portfolio with acquisitions including a property adjacent to the Alto Avellaneda shopping mall with 32,660 square meters of built area and opportunities for expansion, as well as the sale of its 50% stake in Quality Invest S.A., owner of the San Martín land plot. It initiated ambitious residential project developments notably the Ramblas del Plata project in Puerto Madero Sur and signed a management trust agreement for the residential redevelopment of the "Del Plata" building in downtown Buenos Aires. IRSA continues to pursue an expansion strategy focused on mixed-use real estate developments and premium commercial properties, supported by its ongoing investment in office parks leased to technology and retail companies like Mercado Libre and Falabella. The company also maintains international negotiable bonds issuance to support its growth and operational investments. IRSA Propiedades Comerciales operates predominantly within the real estate and property development industry, focusing on commercial retail and office real estate segments, residential development, and land asset management. Its customer base includes retailers, office tenants, investors, and urban development partners, with geographic operations centered in Argentina, especially within Buenos Aires but also with a growing national footprint. The company strategically leverages its land bank for future mixed-use developments and continues to adapt to evolving market conditions and consumer trends, employing technology to enhance the tenant and customer experience in its properties. IRSA Propiedades Comerciales is publicly listed, with its shares traded on the Buenos Aires Stock Exchange and internationally as ADRs.
IRSA Propiedades Comerciales S.A. (IRCP) CEO Daniel Elsztain on Q2 2022 Results - Earnings Call Transcript
IRSA: This Real Estate Company Is Trading At 15% Of Its NAV
IRSA Propiedades Comerciales S.A. (IRCP) CEO Daniel Elsztain on Q1 2022 Results - Earnings Call Transcript
IRSA Propiedades Comerciales S.A. announces its results for the Fiscal Year 2021 ended June 30, 2021
IRSA Propiedades Comerciales S.A. (IRCP) CEO Daniel Elsztain on Q4 2021 Results - Earnings Call Transcript
IRSA Propiedades Comerciales Is Just Below 10% Annual Return Prices
Macquarie Group Ltd. Increases Position in IRSA Propiedades Comerciales SA (NASDAQ:IRCP)