Falabella agreed on six-asset mall deal: target for Falabella stock is CLP 7,500

Published on 10/14/2026 at 06:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached CLP 3.49 trillion and net income CLP 304.31 billion. Falabella stock had a CLP 6,900 target in the analysis.

Mall reorganization and analyst targets

Falabella and Mallplaza signed two agreements on September 30, 2026, covering six assets valued at UF 4,857,500.
Second-quarter revenue reached CLP 3.49 trillion, while net income totaled CLP 304.31 billion.
Credicorp Capital raised its Falabella target from CLP 6,000 to CLP 7,500 on September 16, 2026.

Falabella, CLP3880F1085, Illustration mit AI erstellt.

Falabella (ISIN CLP3880F1085) agreed on a six-asset mall reorganization on September 30, 2026, while an analyst target for Falabella stock stood at CLP 7,500 after rising from CLP 6,000. Falabella reported the asset agreements, while Falabella described the target change on September 16, 2026.

Three dated company developments

On August 14, 2026, the second-quarter analysis reported revenue of CLP 3.49 trillion and net income of CLP 304.31 billion. The revenue figure was 9.80 percent higher than in the second quarter of 2025, while net income was 16.50 percent lower than a year earlier because the comparison included a smaller property revaluation effect. BolsaChile reported the period figures and the CLP 6,900 12-month target.

On September 16, 2026, Falabella said its shares had closed at CLP 6,560, their highest level in seven months. The same release said Credicorp Capital Research had upgraded its recommendation from Hold to Buy and raised its target from CLP 6,000 to CLP 7,500. Falabella also cited an average target of CLP 7,050.

On September 30, 2026, Falabella and Mallplaza signed two non-binding memoranda of understanding. The first covers six Chilean real estate assets valued at UF 4,857,500, with Mallplaza set to control at least 51 percent after the transaction conditions are completed; the second covers a mixed-use project in San Isidro, Lima. Falabella said the structure is intended to place its shopping center operations under Mallplaza.

What supports the valuation?

The latest operating picture is mixed. Second-quarter revenue growth of 9.80 percent contrasts with a 16.50 percent decline in net income, while the analysis said clean profit excluding property revaluation rose 13.50 percent to CLP 223.56 billion. That distinction matters because the reported profit comparison was affected by a high valuation gain in the prior-year quarter.

Falabella's banking business was the stronger growth engine in the first half of 2026. Banking revenue rose 23.90 percent to CLP 1.19 trillion, compared with 5.50 percent growth in non-banking revenue to CLP 5.64 trillion, according to the Q2 analysis. The split leaves the real estate reorganization as a strategic test of whether Mallplaza can improve asset development without weakening the retail platform.

Stock context and market value

Falabella was last quoted at CLP 6,645 on the Santiago Stock Exchange on October 13, 2026. Its market capitalization was CLP 16.7 trillion on that date, and the 52-week range was CLP 5,237.70 to CLP 6,948.50. The last quote was 4.37 percent below the 52-week high, calculated from the same currency and dated market reference.

The company operates department stores, home improvement outlets, supermarkets, shopping centers and financial services across Latin America. Its next valuation question is whether the Mallplaza structure can turn six existing assets and the Lima project into measurable growth while the bank continues to carry much of the earnings momentum.