IRSA (ADR) (IRS)
Operates Argentine malls, offices, hotels, and residential and land-development properties.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $378.1M · Total debt $673.8M · Total assets $3.21B · Shareholders' equity $1.51B
- Revenue
- $154.7M
- Operating income
- −$58.5M
- Net income
- $131.9M
Reported in ARS, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 18.84% | 14.56M ADS | |
|---|---|---|---|
| 68 holders · as of Jun 30, 2026 | |||
| Insiders | 244.50% | 188.99M ADS | |
| 4 holders · as of Jun 12, 2026 | |||
| Adds to | 263.34% | ||
77.29M ADS as of Sep 7, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 263.34%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Eduardo S. ElsztainInsiderdirector, 10 percent owner | 241.85% | 186.94M ordinary | filed Jun 12, 2026 |
Helikon Investments LtdInstitution | 6.35% | 4.91M ADS | as of Jun 30, 2026 |
VR Advisory Services LtdInstitution | 3.45% | 2.67M ADS | as of Jun 30, 2026 |
Macquarie Management Holdings, Inc.Institution | 2.76% | 2.13M ADS | as of Jun 30, 2026 |
Saul ZangInsiderdirector | 2.29% | 1.77M ordinary | filed Mar 18, 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 |
Not reported.