IRSA Inversiones y Representaciones Sociedad Anónima WT (IRS-WT) IRSA Inversiones y Representaciones Sociedad Anónima WT represents warrants on the common shares of IRSA Inversiones y Representaciones Sociedad Anónima IRSA Inversiones y Representaciones Sociedad Anónima, Argentina's leading real estate development firm that acquires, develops, and manages a diversified portfolio of properties including shopping centers such as Alto Palermo, Abasto de Buenos Aires, Paseo Alcorta, Patio Bullrich, Dot Baires Shopping, and Buenos Aires Design; office buildings like Bouchard Plaza and Pirelli Tower; hotels and tourist assets including Llao Llao Hotel; residential projects such as Ramblas del Plata; and additional services in mortgage lending via stakes in Banco Hipotecario, corporate finance, tourism, and land rental. The company, founded in 1943 and headquartered in Buenos Aires, Argentina, primarily operates in Argentina with historical expansions into Chile, Brazil through ventures like IRSA-Cyrela, and other international markets before consolidating domestically; it functions as a subsidiary controlled by Cresud S.A. Cresud S.A. with a 64% stake and lists its common shares on the NYSE (IRS) and BCBA (IRSA). IRSA recently completed a debt exchange offer in March 2025, swapping US$171 million of 8.750% notes due 2028 for new 8.000% senior notes due 2035, alongside a concurrent offering of approximately US$242 million in additional 2035 notes for total proceeds of US$300 million aimed at working capital, short-term debt repayment, and other uses under Argentine law; it also merged with IRSA Propiedades Comerciales, sold certain international assets, and launched new residential developments amid a focus on core Argentine operations.