form6k

By letter dated September 2, 2021, the Company reported that in compliance with Section 62 of the Regulations issued by the Buenos Aires Stock Exchange, the following information:

1. Net Result	In million of ARS
	06/30/21		06/30/20
Attributable to:

Controlling company’s shareholders		(21,933)		25,668
Non-controlling interest		(604)		1,598

2. Shareholders’ Equity	In million of ARS
	06/30/21		06/30/20
Capital stock		54,123		126
Comprehensive adjustment of capital stock		27,170		5,156
Additional paid in capital		-		14,509
Legal reserve		1,484		201
Reserve for future dividends		-		47,511
Reserve Resolution CNV 609/12		-		13,866
Special reserve		9,816		226
Other reserve		101		-
Changes in non controlling interest		(330)		(271)
Retained earnings		(20,409)		25,668
Other comprehensive results		509		378
Total attributable to controlling company’s shareholders		72,464		107,370
Non-controlling interest		5,549		6,143
Total Shareholders’ Equity		78,013		113,513

In compliance with Section o) of the referred Regulations, we report that as of the closing date of the financial statements, the Company’s capital stock was ARS 54,123,001,970 divided into 541,230,019 common, registered, non-endorsable shares of ARS 100 par value each and entitled to one vote per share.

The Company’s principal shareholder is IRSA Inversiones y Representaciones S.A. with 432,570,149 shares, accounting for 79.92% of the issued capital stock. The remaining 20.08% is floating in the market.

Below are the highlights for the period ended June 30, 2021:

➢

The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company'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 80%. Adjusted EBITDA of the rental segment reached ARS 4,670 million in fiscal year 2021, 47.3% lower than in 2020, while total Adjusted EBITDA, which includes investment property sales, reached ARS 14,477 million, growing by 54, 1% in the year.

➢

The net result for fiscal year 2021 showed a loss of ARS 22,537 million, mainly explained by a loss of ARS 13,946 million 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.

➢

During fiscal year 2021, we sold approximately 29,700 m2 of premium offices for a total amount of USD 170.6 million and inaugurated “200 Della Paolera” building, the company's new headquarters.

➢

In financial matters, this year we canceled the Class IV notes for a total amount of USD 140 million and distributed a cash dividend in the amount of ARS 9,700 million.

	IRSA Propiedades Comerciales

	By:	/S/ Saúl Zang
		Name: Saúl Zang
		Title: Responsible for the Relationship with the Markets