# Cresud S.A.C.I.F. y A > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/fi/companies/Cresud S.A.C.I.F. y A). ## Overview Cresud Inc. is the U.S.-listed holding company for a diversified Argentine group active in agricultural operations and urban property and investment businesses. Through its subsidiaries, it owns and develops farmland, operates agricultural production activities, and holds interests in urban real estate assets, including shopping centers, offices, hotels, and development properties. ## Products & services • Agricultural production and landholding • Crops, livestock, and related agri activities • Urban property ownership and leasing • Real estate development and land sales • Investment properties and joint-venture holdings - **Agricultural business** (45%) — Includes farming, livestock, and land-based agricultural operations across the group. - **Shopping malls** (28%) — Retail property ownership and leasing income from shopping centers. - **Offices** (6%) — Office property leasing and management within the urban property portfolio. - **Sales and developments** (7%) — Property sales, development projects, and related urban real estate activity. - **Hotels and other properties** (14%) — Hospitality assets and other investment property holdings. - Agricultural production and landholding - Crops, livestock, and related agri activities - Urban property ownership and leasing - Real estate development and land sales - Investment properties and joint-venture holdings ## Customers Cresud serves two broad customer groups: agricultural counterparties tied to farming and land use, and urban real estate tenants, buyers, and partners. In property, income is driven by retailers, office tenants, hotel operators, and development-related buyers or joint-venture participants. In agriculture, the business is exposed to commodity-linked buyers and counterparties within the broader agribusiness value chain. - **Retail tenants** (primary) — Retailers leasing space in shopping malls and pay for location, foot traffic, and visibility. - **Office tenants** (secondary) — Companies leasing office space for business operations in urban properties. - **Hospitality operators** (secondary) — Hotel operators and related users that generate occupancy and service revenue. - **Real estate buyers and partners** (primary) — Parties buying developed properties or participating in development and investment structures. - **Agricultural market counterparties** (primary) — Buyers, suppliers, and partners tied to crops, livestock, and land-based operations. - Retail tenants in shopping centers - Office tenants and corporate occupiers - Hotel operators and hospitality users - Property buyers and development counterparties - Agribusiness buyers and commodity-linked counterparties ## Geography Cresud’s operating footprint is centered in Argentina, where both its agricultural activities and much of its urban property portfolio are based. The group also has exposure through related investments and shareholder structures in the wider Southern Cone, but the disclosed core business remains anchored in Argentina. This geographic mix ties performance to Argentine property demand, local agricultural conditions, and macroeconomic and currency volatility. - **Argentina** (100%) — Core operating base for agriculture and urban property assets. - Core operations are centered in Argentina - Agricultural assets and urban real estate are both Argentina-linked - Exposure to Buenos Aires urban property markets is meaningful - Agricultural performance depends on local land and weather conditions - Currency and inflation in Argentina affect reported results ## Strategy Cresud’s strategy is built around combining agricultural asset ownership with urban real estate investment and development. The model allows the group to hold long-duration land and property assets while also monetizing selected assets through sales, leasing, and joint ventures. Its competitive position depends on land quality, property location, and the ability to manage cyclical commodity and real estate markets. - **Optimize agricultural land and production assets** (medium-term) — Land ownership and farming activities are core sources of long-term value. - **Strengthen urban property cash flow** (medium-term) — Leasing and occupancy income provide recurring earnings and asset support. - **Monetize development pipeline selectively** (short-term) — Property sales can crystallize value and fund future investments. - Monetize farmland and agricultural assets over time - Grow rental income from shopping malls and offices - Develop and sell selected urban property projects - Use investment holdings and joint ventures to expand reach - Balance recurring property cash flow with asset appreciation ## Risks Cresud is exposed to agricultural volatility, real estate occupancy and pricing cycles, and the valuation risk inherent in investment properties and farmland. Because the group operates in Argentina, inflation, foreign exchange swings, and regulatory uncertainty can materially affect reported results and asset values. Its use of derivatives, fair value measurements, and contingency provisions also creates earnings variability and judgment risk. - **Agricultural cycle and commodity volatility** [high] — Farm output, crop prices, and livestock economics can change quickly with weather and market conditions. - **Investment property valuation swings** [high] — Fair value movements on malls, offices, hotels, and development assets can materially affect earnings. - **Argentina inflation and currency exposure** [high] — The group reports in an inflationary environment and is exposed to peso volatility and purchasing-power effects. - **Derivative and fair value volatility** [medium] — Commodity derivatives and financial instruments can produce large gains or losses from period to period. - **Contingencies and legal claims** [medium] — Lawsuits and other contingencies can require charges and create uncertainty in reported results. - Agricultural output and commodity prices can swing with weather and markets - Urban property values depend on leasing demand and local real estate cycles - Argentina inflation and FX volatility affect results and asset valuations - Derivative gains and losses can create earnings volatility - Contingencies and legal claims may require material provisions ## Accounting Cresud’s reporting is affected by fair value measurement of investment properties and by estimates around impairment, provisions, and contingencies. The group also records significant foreign exchange and derivative results, which can materially change net income even when underlying operations are stable. Because its financial statements are prepared in a hyperinflationary economy, inflation accounting under IAS 29 is also important for comparability across periods. - **Fair value of investment properties** — Can drive large gains or losses in reported profit - **Commodity derivatives** — Creates period-to-period volatility in operating results - **IAS 29 hyperinflation accounting** — Affects equity, profit, and historical trend analysis - **Contingencies and legal provisions** — Can materially alter operating expenses and liabilities - Investment properties are measured at fair value - Impairment charges and reversals can move operating results - Commodity and financial derivatives create mark-to-market volatility - Provisions for lawsuits and contingencies affect expenses - IAS 29 inflation accounting changes comparability and equity totals --- *Last updated: 2026-09-28T11:58:08.040499+00:00*