Mallplaza stock: Q3 profit rises 25% as expansion advances

Mallplaza's third-quarter profit rose 25% from a year earlier as the Chilean shopping-center operator increased revenue and expanded profitability. Investing.com reported the results on Wednesday, November 4, citing the company's earnings call.

Stronger quarter, cautious consumer backdrop

Net revenue reached CLP 174 billion in the July-to-September period, up 7.5% year over year. EBITDA increased 8.7% to CLP 145 billion, lifting the EBITDA margin to 83%, while net income reached CLP 102.9 billion.

Operating indicators were mixed but broadly resilient. Mallplaza's centers recorded 92.8 million visits, roughly stable from a year earlier, while tenant sales rose 1.3% to CLP 1.63 trillion. Same-store sales increased 0.9%, and monthly sales per square meter advanced 6.5%.

Expansion remains the central message

Management said growth remains the main focus as Mallplaza integrates recently acquired assets and advances new projects. The pipeline adds more than 640,000 square meters of gross leasable area through acquisitions and expansions, including the Gran Plaza portfolio in Colombia, a planned Falabella joint venture in Chile and a greenfield project in Lima's San Isidro district.

The company expects Chilean consumption to remain weak through the end of 2026, but sees better conditions in 2027 as renovated assets and improved commercial offerings support demand. Management also said EBITDA margins should remain above 80% over the next five years, although newly integrated space may take time to reach full productivity.

Regional mall operator builds scale

Mallplaza operates urban centers, premium outlets and adjacent businesses in Chile, Peru and Colombia. Its revenue comes primarily from leasing commercial space, with parking and retail media providing additional growth channels. The company is expanding its presence across the Andean region while reshaping tenant mixes and developing new shopping-center space.

Broader developments can be followed in Current market reports.

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