|Company's Full Name:||IRSA Propiedades Comerciales S.A.|
|Short Name:||IRSA Propiedades|
|Trading Ticker Symbol:||IRCP|
|Primary Industry Sector:||Consumer Services|
|Seconday Sub-sector:||Building operators|
|Main Business Areas:||Consumer Services, Building operators, Real Estate, Real Estate Services|
|Dividend Payments:||Dividend History|
|Current Share Price:||$14.74|
|Previous Year's Closing Price:||$23|
|Percentage Price Change (YTD):||-35.91%|
|Market Cap:||$541.41 million|
|52-week Price Range:||$9.82 - $24|
|Dividend Per Share:||$17.9|
IRSA Propiedades Comerciales S.A., incorporated on August 29, 1889, is a commercial real estate company in Argentina. The Company is engaged in the ownership, lease, management, development, operation and purchase of shopping centers and office buildings. The Company operates through four segments, including Shopping Centers, Offices and Others, Sales and Developments, and Financial Operations and Others.
The Company's Shopping Centers segment includes the results from its commercial exploitation and development of shopping centers, mainly derived from the lease and the provision of services related to the lease of retail stores and other spaces in the shopping centers. Its Shopping Centers segment includes diversified, multi-format assets focused on shopping centers targeting middle- and high-class consumers. The Offices and Others segment is engaged in the acquisition, development and management of office buildings and other rental properties in Argentina. The Offices and Others segment includes the results of its lease and service revenues of office space and other non-retail building properties principally consisting of lease and service revenue from tenants. The Sales and Developments segment includes the results of sales of undeveloped parcels of land and/or trading properties, as the results related with its development and maintenance. The Sales and Developments segment also includes the results of the sales of real property intended for rent. The Financial operations and others segment primarily includes the financial activities carried out by the associate Tarshop S.A.
The Company operates a portfolio of approximately 16 shopping centers in Argentina, seven of which are located in the City of Buenos Aires (Abasto, Alcorta Shopping, Alto Palermo Shopping, Patio Bullrich, Buenos Aires Design, Dot Baires Shopping and Distrito Arcos); two are located in the greater Buenos Aires area (Alto Avellaneda and Soleil Premium Outlet), and the rest are located in various provinces of Argentina (Alto Noa in the City of Salta, Alto Rosario in the City of Rosario, Mendoza Plaza in the City of Mendoza, Cordoba Shopping Villa Cabrera and Patio Olmos (operated by a third-party) in the City of Cordoba, La Ribera Shopping in Santa Fe (through a joint venture) and Alto Comahue in the City of Neuquen). Its shopping centers comprise a total of approximately 333,155.4 square meters of gross leasable area (GLA) (excluding certain spaces occupied by hypermarkets which are not its tenants).
The Company competes with Cencosud S.A., RAGHSA, Consultatio, Grupo Madero Este, Grupo Werthein, Grupo Farallon and YAR Construcciones.
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