{"id":534503,"date":"2021-09-06T08:55:30","date_gmt":"2021-09-06T12:55:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/"},"modified":"2021-09-06T08:55:30","modified_gmt":"2021-09-06T12:55:30","slug":"irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/","title":{"rendered":"IRSA Propiedades Comerciales S.A. announces its results for the Fiscal Year 2021 ended June 30, 2021"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BUENOS AIRES, Argentina<\/span>, Sept.\u00a06, 2021 \/PRNewswire\/ &#8212; IRSA Propiedades Comerciales S.A. (NASDAQ: IRCP; ByMA: IRCP), the leading commercial real estate company in <span class=\"xn-location\">Argentina<\/span>, announces its results for the Fiscal Year 2021 ended <span class=\"xn-chron\">June 30, 2021<\/span>.<\/p>\n<p>HIGHLIGHTS<\/p>\n<ul type=\"disc\">\n<li>The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company&#8217;s shopping malls were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. <\/li>\n<li>Tenant sales in shopping malls fell 27.8% in real terms in fiscal 2021 compared to 2020 and the occupancy of the portfolio was 90%. Office revenue fell 21.9% and occupancy in A + and A buildings dropped to 80%. Adjusted EBITDA of the rental segment reached <span class=\"xn-money\">ARS 4,670 million<\/span> in fiscal year 2021, 47.3% lower than in 2020, while total Adjusted EBITDA, which includes investment property sales, reached <span class=\"xn-money\">ARS 14,477 million<\/span>, growing by 54, 1% in the year. <\/li>\n<li>The net result for fiscal year 2021 showed a loss of <span class=\"xn-money\">ARS 22,537 million<\/span>, mainly explained by a loss of <span class=\"xn-money\">ARS 13,946 million<\/span> due to changes in the fair value of investment properties and the impact of the change in the rate, from 25% to 35%, in deferred income tax. <\/li>\n<li>During fiscal year 2021 we sold approximately 29,700 sqm of premium offices for a total amount of <span class=\"xn-money\">USD 170.6 million<\/span> and inaugurated &#8220;200 <span class=\"xn-person\">Della Paolera<\/span>&#8221; building, the company&#8217;s new headquarters. <\/li>\n<li>In financial matters, this year we canceled Series IV notes for a total amount of <span class=\"xn-money\">USD 140 million<\/span> and distributed a cash dividend in the amount of <span class=\"xn-money\">ARS 9,700 million<\/span>.<\/li>\n<\/ul>\n<p>\n        <b>Financial Highlights<br \/><\/b>(In millions of Argentine Pesos)<br \/>FY 2021<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Income Statement<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prngen10\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>06\/30\/2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnmr8\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>06\/30\/2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Revenues from sales, leases and services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,092<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,860<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Consolidated Gross Profit<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,581<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,373<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Consolidated (Loss) \/ Profit from Operations<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(10,615)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">46,230<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Loss for the Period<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(22,537)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>27,266<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <u>Attributable to:<\/u><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">IRSA CP&#8217;s Shareholders<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(21,933)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">25,668<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-Controlling interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(604)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,598<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EPS (Basic)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(40.52)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">47.43<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EPS (Diluted)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(40.52)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">47.43<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Balance Sheet<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prngen10\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>06\/30\/2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnmr8\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>06\/30\/2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Current Assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">22,652<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">22,417<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-Current Assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">154,752<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">194,625<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total Assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>177,404<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>217,042<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Current Liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13,122<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,666<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-Current Liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">86,269<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">78,863<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total Liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>99,391<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>103,529<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-Controlling Interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,549<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,143<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Shareholders&#8217; Equity<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>78,013<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>113,513<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>IRSA Propiedades Comerciales cordially invites you to participate in the FY 2021 Results Conference Call on <span class=\"xn-chron\">Friday, September 3, 2021<\/span>, at <span class=\"xn-chron\">01:00 p.m.<\/span> US EST, <span class=\"xn-chron\">02:00 p.m.<\/span> BA.<\/p>\n<p>\n        <b>To access the Webinar:<br \/><\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/irsacorp.zoom.us\/j\/84830687731?pwd=REdKNGJTUnhubXk4VlpVUDdoMzFSUT09\" rel=\"nofollow noopener\">https:\/\/irsacorp.zoom.us\/j\/84830687731?pwd=REdKNGJTUnhubXk4VlpVUDdoMzFSUT09<\/a>\u00a0<br \/>Webinar ID: 848 3068 7731<br \/>Password: 504549<\/p>\n<p>\n        <b>In addition, you can participate communicating to this numbers: <br \/><\/b><br \/>\n        <span class=\"xn-location\">Argentina<\/span>: +54 112 040 0447 or +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986 <\/p>\n<p>\n        <span class=\"xn-location\">Israel<\/span>: +972 3 978 6688 or +972 55 330 1762 <\/p>\n<p>Brasil : +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237 or +55 11 4680 6788 <\/p>\n<p>Estados Unidos de Am\u00e9rica: +1 312 626 6799 or +1 346 248 7799 or +1 646 558 8656 or +1 669 900 9128 or +1 253 215 8782 or +1 301 715 8592 <\/p>\n<p>\n        <span class=\"xn-location\">Chile<\/span>: +56 232 938 848 or +56 41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210 9066<\/p>\n<p>\n        <b>Investor Relations Department<br \/><\/b>+ 5411 4323-7449<br \/><a target=\"_blank\" href=\"mailto:ir@irsacp.com.ar\" rel=\"nofollow noopener\">ir@irsacp.com.ar<\/a><br \/><a target=\"_blank\" href=\"https:\/\/www.irsacp.com.ar\/home-inversores.php?lng=en\" rel=\"nofollow noopener\">https:\/\/www.irsacp.com.ar\/home-inversores.php?lng=en<\/a>\u00a0<br \/>Follow us on Twitter <i>@irsacpir<\/i><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LT95925&amp;sd=2021-09-06\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/irsa-propiedades-comerciales-sa-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021-301369743.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/irsa-propiedades-comerciales-sa-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021-301369743.html<\/a><\/p>\n<p>SOURCE  IRSA Propiedades Comerciales S.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LT95925&amp;Transmission_Id=202109060852PR_NEWS_USPR_____LT95925&amp;DateId=20210906\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BUENOS AIRES, Argentina, Sept.\u00a06, 2021 \/PRNewswire\/ &#8212; IRSA Propiedades Comerciales S.A. (NASDAQ: IRCP; ByMA: IRCP), the leading commercial real estate company in Argentina, announces its results for the Fiscal Year 2021 ended June 30, 2021. HIGHLIGHTS The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company&#8217;s shopping malls were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. Tenant sales in shopping malls fell 27.8% in real terms in fiscal 2021 compared to 2020 and the occupancy of the portfolio was 90%. Office revenue fell 21.9% and occupancy in A + and A buildings dropped to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IRSA Propiedades Comerciales S.A. announces its results for the Fiscal Year 2021 ended June 30, 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-534503","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IRSA Propiedades Comerciales S.A. announces its results for the Fiscal Year 2021 ended June 30, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRSA Propiedades Comerciales S.A. announces its results for the Fiscal Year 2021 ended June 30, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BUENOS AIRES, Argentina, Sept.\u00a06, 2021 \/PRNewswire\/ &#8212; IRSA Propiedades Comerciales S.A. (NASDAQ: IRCP; ByMA: IRCP), the leading commercial real estate company in Argentina, announces its results for the Fiscal Year 2021 ended June 30, 2021. HIGHLIGHTS The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company&#8217;s shopping malls were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. Tenant sales in shopping malls fell 27.8% in real terms in fiscal 2021 compared to 2020 and the occupancy of the portfolio was 90%. Office revenue fell 21.9% and occupancy in A + and A buildings dropped to &hellip; Continue reading &quot;IRSA Propiedades Comerciales S.A. announces its results for the Fiscal Year 2021 ended June 30, 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-06T12:55:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LT95925&amp;sd=2021-09-06\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"IRSA Propiedades Comerciales S.A. announces its results for the Fiscal Year 2021 ended June 30, 2021\",\"datePublished\":\"2021-09-06T12:55:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/\"},\"wordCount\":428,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=LT95925&amp;sd=2021-09-06\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-propiedades-comerciales-s-a-announces-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/\",\"name\":\"IRSA Propiedades Comerciales S.A. announces its results for the Fiscal Year 2021 ended June 30, 2021 - 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(NASDAQ: IRCP; ByMA: IRCP), the leading commercial real estate company in Argentina, announces its results for the Fiscal Year 2021 ended June 30, 2021. HIGHLIGHTS The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company&#8217;s shopping malls were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. Tenant sales in shopping malls fell 27.8% in real terms in fiscal 2021 compared to 2020 and the occupancy of the portfolio was 90%. 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