IRSA (ADR)
Operates Argentine malls, offices, hotels, and residential and land-development properties.
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Profile
Operates a diversified Argentine real-estate platform spanning shopping malls, offices, hotels, residential projects, and land or other properties. Revenue includes rental activity, property sales, and development, linking recurring operations with asset-led projects.
Shopping malls, offices, and hotels form the operating core, while residential projects, land, and other properties extend the platform into development and asset sales. The company reports its business through Shopping Malls, Offices, Sales and developments, Hotels, and Others, rather than as a single property category.
Centered in Argentina, the mix combines recurring rental activity across commercial properties with development and sale activity. Company history traces the current operating era to Argentine real-estate operations beginning in 1991; it also records a later consolidation in Argentina through the merger with IRSA Propiedades Comerciales. Cresud is the direct parent, while Eduardo S. Elsztain serves as CEO and President.
Company facts
Key statistics
Year to date −11.9% · Average volume (30d) 142.1K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 6, 2026Q3 FY26 | — | −$0.28 | — | $34.9M | $104.1M | +198.6% | −2.20% |
| Feb 4, 2026Q2 FY26 | — | $0.58 | — | $34.9M | $105.2M | +201.8% | −3.24% |
| Nov 5, 2025Q1 FY26 | — | $1.42 | — | — | $90.6M | — | −1.10% |
| Sep 2, 2025Q4 FY25 | — | $1.74 | — | — | $92.7M | — | −3.88% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $100.9M | $70.5M | $76.7M | $86.2M | $101.8M | $94.4M | |
| Gross profit | $60.5M | $42.1M | $46.0M | $52.9M | $64.1M | $55.8M | |
| Operating income | $46.4M | $104.8M | $35.3M | $182.9M | $17.0M | $39.2M | |
| Net income | $65.2M | $51.1M | $49.6M | $102.6M | $46.4M | −$19.7M | |
| Diluted EPS | $5.87 | $6.03 | $1.41 | $1.26 | $0.55 | −$0.23 | |
| Gross margin | 59.9% | 59.8% | 59.9% | 61.4% | 62.9% | 59.2% | |
| Operating margin | 45.9% | 148.7% | 45.9% | 212.2% | 16.7% | 41.5% |
Fiscal years (4-quarter sums)FY21 $7.7M · FY22 $30.9M · FY23 $193.1M · FY24 $283.8M · FY25 $327.1M
Balance sheet, Mar 31, 2026Cash & short-term investments $333.9M · Total debt $606.9M · Total assets $2.87B · Shareholders' equity $1.28B
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 24, 2025 | Nov 24 | Dec 2 | $1.4151 | special dividend |
| Nov 25, 2024 | Nov 25 | Dec 3 | $1.0183 | special dividend |
| Jun 3, 2024 | Jun 3 | Jun 11 | $0.6503 | special dividend |
| Dec 6, 2023 | Dec 7 | Jan 19 | $0.9751 | |
| Jun 2, 2023 | Jun 5 | Jun 12 | $0.5161 | special dividend |
| Nov 25, 2022 | Nov 28 | Dec 5 | $0.167 | special dividend |
Ownership
Shares outstanding 77.29M · Float 76.23M · 98.6% free float
Insiders — filings are in another share unit.
The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Helikon Investments Ltd | 4.43M | 5.73% | 13F | May 8, 2026 |
| VR Advisory Services Ltd | 2.67M | 3.45% | 13F | May 15, 2026 |
| Macquarie Management Holdings, Inc. | 2.14M | 2.77% | 13F | May 15, 2026 |
| JPMorgan Chase & Co | 934.1K | 1.21% | 13F | May 13, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 742.5K | 0.96% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 9, 2026 | Fernando Adrian Elsztain | director | −5,524 | $1.69 |
| Jun 30, 2026 | Jorge Alberto Cruces | officer: Chief Investment Officer | −24,913 | $1.53 |
| Mar 19, 2026 | Eduardo S. Elsztain | director, 10 percent owner: | −20,000 | $2,115.00 |
| Mar 18, 2026 | Eduardo S. Elsztain | director, 10 percent owner: | −10,428 | $2,156.03 |
Peers
Not reported.