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Plaza (MALLPLAZA) investor relations material

Plaza Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary5 Aug, 2026

Executive summary

  • Achieved a transformational milestone with the acquisition of eight Gran Plaza shopping centers in Colombia, expanding presence to 10 cities and increasing Colombian GLA by 64%.

  • Strong organic performance with 2.36 million sqm of GLA and 95.8 million visits regionally.

  • Same Store Rent (SSR) grew 5.5%, outpacing regional inflation.

  • EBITDA reached CLP 140.3 billion (+9.6% year-over-year), with an 80.6% margin.

  • Adjacent businesses, led by parking and advertising, grew revenues by 26.7% compared to the prior year.

Financial highlights

  • Net revenues for 2Q26 were CLP 174.1 billion, up 8.7% year-over-year.

  • EBITDA for 2Q26 was CLP 140.3 billion, up 9.6% year-over-year, with an 80.6% margin.

  • Net income excluding fair value adjustments was CLP 78.6 billion, down 0.5% year-over-year.

  • Adjusted FFO for participation rose 8.8% year-over-year to CLP 108.5 billion.

  • Net debt/EBITDA improved to 2.4x from 3.1x a year ago.

Outlook and guidance

  • Over 50% of the investment plan is committed to projects under construction, with ongoing expansions and reconversions in key assets.

  • Focus on raising Tier A assets to over 70% of total GLA.

  • Continued acceleration of portfolio transformation, with more than 1 million sqm of GLA being optimized.

  • Strategic vision aims to secure regional leadership and sustainable value creation.

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