The substantial earnings improvement signals fundamental strength in Cresud's rental segments. Traders should watch for continued recovery in hotels and progress on development projects (Polo Dot, Distrito Diagonal) which could drive further upside. However, Argentine macro risks (inflation, FX) remain key overhangs.
Price Chart
Executive Summary
Cresud reported nine-month results for fiscal 2026 with net income surging to ARS 231,308 million (vs ARS 77,358 million a year ago), driven by strong performance across shopping malls, offices, and hotels. Adjusted EBITDA from rental segments rose 4.6% YoY to ARS 232,327 million. The company also launched a new office building and executed land swap agreements, while correcting a prior accounting error with a positive restatement.
Key Facts
- Net income for the nine months ended March 31, 2026 was ARS 231,308 million, up from ARS 77,358 million in the prior year.
- Adjusted EBITDA from rental segments reached ARS 232,327 million, increasing 4.6% year-over-year.
- Total comprehensive income turned positive to ARS 199,460 million from negative ARS 24,860 million.
- The company corrected an inflation adjustment error on share premium from warrant exercises, resulting in a positive restatement.
- Market capitalization as of March 31, 2026 was approximately USD 902.2 million (ADS price USD 12.72).
Financial Impact
Net income increased to ARS 231,308M from ARS 77,358M; Adjusted EBITDA ARS 232,327M up 4.6%.
Risk Factors
- Argentine hyperinflation and currency devaluation could erode ARS-denominated earnings in USD terms.
- Execution risk on new construction projects and land development.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001034957-26-000032 |
| Document: 0001034957-26-000032-index-headers.html | 0001034957-26-000032 |
| Document: 0001034957-26-000032-index.html | 0001034957-26-000032 |
| Document: 0001034957-26-000032.txt | 0001034957-26-000032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 6-K | $11.45 $10.79 | ▼ −5.76% | ▼ −6.47% | $10.79 (−5.76%) |
Oct 22, 2026 5d ago | 6-K | $11.45 $10.79 | ▼ −5.76% | ▼ −6.47% | $10.79 (−5.76%) |
Oct 22, 2026 5d ago | 6-K | $10.90 $11.45 | ▲ +5.05% | ▲ +5.57% | $10.79 (−1.01%) |
Oct 21, 2026 6d ago | 20-F | $10.90 $11.45 | ▲ +5.05% | ▲ +5.57% | $10.79 (−1.01%) |
Sep 17, 2026 5w ago | 6-K | $12.83 $12.76 | ▼ −0.55% | ▼ −0.43% | $10.79 (−15.90%) |
Aug 28, 2026 8w ago | 6-K | $11.50 $11.67 | ▲ +1.48% | ▲ +2.17% | $10.79 (−6.17%) |
Aug 27, 2026 8w ago | 6-K | $11.22 $11.06 | ▼ −1.43% | ▼ −1.20% | $10.79 (−3.83%) |
Aug 27, 2026 8w ago | 6-K | $11.22 $11.06 | ▼ −1.43% | ▼ −1.20% | $10.79 (−3.83%) |
Jul 30, 2026 12w ago | Insider Cluster | $11.61 $11.21 | ▼ −3.45% | ▼ −4.15% | $10.79 (−7.06%) |
Jul 14, 2026 15w ago | 6-K | $10.91 $11.04 | ▲ +1.19% | ▲ +0.80% | $10.79 (−1.10%) |
US Market Status
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