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IRSA Propiedades (IRCP) Company Profile

Updated Dec 2, 2019
IRSA Propiedades has the following business profile:
Company's Full Name:IRSA Propiedades Comerciales S.A.
Short Name:IRSA Propiedades
Trading Ticker Symbol:IRCP
Primary Exchange:NASDAQ
Headquarter City/Country:Argentina
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

Market and Trading Information for IRSA Propiedades

The following details were available for trading and market data about the stock of IRSA Propiedades as of writing:
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
EPS (TTM):23.8
Price-Earnings (Trailing):0.62
Price-Earnings (Forward):8.47

Company Profile and Business Description for IRSA Propiedades

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.

Bolivar 108

Peer / Competitor Companies of Building operators Sector

Along with IRSA Propiedades Comerciales S.A., the following other peer (competitor) companies also exist within the same Building operators - Consumer Services sector whose company profile and dividend history is as follows:

▶ Brookfield Asset Management (BAM): Brookfield Asset Management Inc. (Brookfield), incorporated on January 1, 2005, is a global alternative asset manager. The Company owns and operates assets with a focus on property, renewable energy, infrastructure ....See Detailed Company Profile  and Dividend History.

▶ Elbit Imaging (EMITF): Elbit Imaging Ltd., incorporated on July 18, 1996, engages, directly and through its investee companies, in the fields of commercial centers, hotels, medical industries and devices, and plots in India. ....See Detailed Company Profile  and Dividend History.

▶ Gyrodyne LLC (GYRO): Gyrodyne, LLC, incorporated on October 3, 2013, is engaged in the business of investing and acquiring, owning and managing of a geographically diverse portfolio of real estate properties. The Companys ....See Detailed Company Profile  and Dividend History.

▶ JW Mays (MAYS): J.W. Mays, Inc. owns, operates, and leases commercial real estate properties in the United States. Its properties are located in Brooklyn, Jamaica, Fishkill, Levittown, and Massapequa of New York, as ....See Detailed Company Profile  and Dividend History.

▶ New England Realty Associates Partnership (NEN): New England Realty Associates Limited Partnership, incorporated on August 12, 1977, is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Company, directly ....See Detailed Company Profile  and Dividend History.

▶ Piedmont Office Realty Trust (PDM): Piedmont Office Realty Trust, Inc., incorporated July 3, 1997, is an integrated self-managed real estate investment trust (REIT). The Companys business consists primarily of owning, managing, operating, leasing, acquiring, developing, ....See Detailed Company Profile  and Dividend History.

▶ Spirit Realty Capital (SRC): Spirit Realty Capital, Inc., incorporated on September 29, 2004, is a self-administered and self-managed real estate investment trust (REIT). The Companys in-house capabilities include acquisition, portfolio management, asset management, credit ....See Detailed Company Profile  and Dividend History.

▶ The Intergroup (INTG): The InterGroup Corporation (InterGroup), incorporated on September 11, 1985, is engaged in buying, developing, operating, rehabilitating and disposing of real property of various types and descriptions, and engaged in such ....See Detailed Company Profile  and Dividend History.

▶ Trinity Place (TPHS): Trinity Place Holdings Inc., incorporated on September 12, 2012, is a real estate holding, investment and asset management company. The Company owns, invests in, manages, develops and/or redevelops real estate ....See Detailed Company Profile  and Dividend History.

▶ Welltower (WELL): Welltower Inc. is a real estate investment trust that mostly invests in seniors housing, assisted living and memory care communities, post-acute care facilities, and medical office buildings. It also owns....See

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