0001034957-26-000032
SEC filingCresud reported a net income of ARS 239,741 million for the first nine months of fiscal 2026, with Adjusted EBITDA from rental segments increasing 4.6% year-over-year.
Cresud reported strong financial results for the first nine months of fiscal year 2026, with net income surging to ARS 239,741 million from ARS 46,497 million in the same period last year. The significant increase was driven by robust performance across all rental segments. Adjusted EBITDA from rental segments reached ARS 232,327 million, a 4.6% year-over-year increase, reflecting solid operational execution. The shopping malls segment saw revenues and Adjusted EBITDA grow 2.4% and 2.0% respectively, supported by higher base rent and other fixed components. The premium office portfolio maintained 100% occupancy during the third quarter, while the hotels segment continued its recovery in revenue and EBITDA levels. During the quarter, the company launched a new 15,350 sqm office building at Polo Dot, with Mercado Libre as the main tenant, and advanced construction of the Distrito Diagonal shopping mall and Del Plata building. Additionally, swap agreements for two lots at Ramblas del Plata were executed for USD 11.3 million. The company's market capitalization as of March 31, 2026 was approximately USD 902.2 million. Principal shareholder Eduardo Sergio Elsztain beneficially owns 39.12% of share capital. The filing also noted a restatement of prior financial statements due to an error in inflation adjustment of share premium related to warrant exercises, resulting in a positive adjustment.