Mallplaza stock completes eight mall acquisition in Colombia

Published on 10/07/2026 at 07:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mallplaza completed its Colombian expansion on October 1, 2026, adding eight malls in a USD 353 million transaction. Q2 revenue rose 8.7 percent year over year.

Mallplaza, CL0002360569, Illustration mit AI erstellt.

Mallplaza stock was last at CLP 3,640 on October 6, 2026, after the company completed its acquisition of eight Colombian shopping malls in a transaction valued at USD 353 million. The deal expands the operator's Colombian footprint to 13 malls and gives investors a larger regional growth platform.

Colombia deal expands the platform

As Emol reported on October 1, 2026, Mallplaza completed the purchase of eight Gran Plaza malls from Pactia in Colombia. The transaction lifts the company's presence in that market to 13 shopping centers, making it the country's second-largest operator according to the report.

The expansion follows a second capital-market step. According to Accion Empresas on October 5, 2026, Mallplaza placed bonds totaling 4 million UF in two series with five-year and 25-year maturities. The financing gives the acquisition story a debt-market dimension while adding longer-dated funding obligations.

Q2 revenue rose 8.7 percent

The latest reported quarter showed a mixed operating picture. According to Simply Wall St, second-quarter 2026 revenue increased 8.7 percent year over year to CLP 174.1 billion. Earnings per share fell to CLP 107 from CLP 192 in the second quarter of 2025, while net income declined 45 percent to CLP 234.1 billion.

The contrast matters because Mallplaza's expansion is arriving alongside weaker per-share earnings. The company also generated CLP 110.9 billion in operating cash flow in the second quarter of 2026, according to the financial statements, giving the market a cash-flow measure to weigh against the acquisition financing.

Analyst target remains below the stock

BolsaChile reported on September 27, 2026, that its recommendation moved to Reduce with a CLP 3,200 target from CLP 3,550. The target is CLP 440 below the October 6 price, making valuation the counterweight to the Colombian growth narrative.

Stock sits below yearly high

Mallplaza's CLP 3,640 price on the Bolsa de Santiago was 0.83 percent above the prior close of CLP 3,610 on October 6, 2026. The share traded between CLP 2,470 and CLP 4,700 over the previous 52 weeks, leaving the latest price CLP 1,060 below the yearly high.