Inversiones Inmobiliarias IRALA S.A.

What it is

IRALA is a Bolivian real-estate company whose charter covers leasing, anti-chresis (a local form of collateralised rent common in Bolivia), commercial promotion, buying and selling, development, and general exploitation of all categories of property — houses, offices, apartments, parking lots, buildings, urban lots and rural land — both in Bolivia and internationally.

Its registered head office is at Av. Los Álamos N° 168 in Calacoto, La Paz, the city’s wealthiest residential zone and a natural base for a premium property operator.

The company is listed on the Bolsa Boliviana de Valores under the ticker IIR and is registered with Bolivia’s securities regulator, ASFI.

Who owns it

The most recent material capital event on the public record is the issuance of Preferred Shares Series B, approved at an Extraordinary General Shareholders’ Meeting on 28 June 2018. This means the ownership structure now includes at least two share classes — ordinary and preferred — but the identity of the controlling shareholder, their percentage stake, and the free float are not disclosed in any publicly accessible filing.

Controlling shareholders, ownership percentages and free-float size are not disclosed in available sources. The company’s governance filings are held at ASFI and the BBV but were not accessible in open-web sources at the time of writing.

Who runs it

The names of the chief executive, chief financial officer and board chair are not disclosed in available sources. A property-listings platform identifies the company’s contact at Av.

Los Álamos 168 under the name J.D. Fernández, though no executive title is confirmed by a primary source.

Audited financial statements for the year ended 31 December 2023 were signed off by the independent audit firm COVÂN, a Bolivian member of the Daxin Global network, and received by regulators on 14 May 2024.

The money, in plain words

No verified revenue, profit or balance-sheet totals are available from open sources. Audited financial statements — covering the balance sheet, income statement, statement of equity changes, and cash-flow statement — do exist for the year ended 31 December 2023, prepared under Bolivian accounting standards, but their figures appear only in a partial academic document and in paywalled databases, with no line-item numbers retrievable from those snippets.

The most recent financial data known to the EMIS data service is from 2023, suggesting no 2024 audited accounts have yet been posted to open channels. Until IRALA or the BBV publishes a freely accessible annual report, no revenue, margin, return on equity, or price-to-earnings ratio can be responsibly stated.

What it is doing now

No material corporate event — deal, leadership change, earnings release or regulatory notice — has appeared in open sources beyond the 2018 preferred-share issuance. ASFI’s public filing record for IRALA stops at that 2018 capital action, and the BBV’s relevant-events page lists the company (under code IIR) but carries no recent IRALA-specific notices.

Bolivia’s property market itself continues to be shaped by dollar scarcity and a weak boliviano on parallel markets; GDP growth reached only around 2.1% through September 2024, weighed down by foreign-currency shortages and fuel supply disruptions — conditions that typically slow rental collections and new-lease activity for any property company operating in La Paz.

What to watch

• Annual report publication. Bolivia’s company registry (SEPREC) requires listed companies to file annual accounts; when IRALA’s 2024 memoria anual appears on the BBV or ASFI portal, revenue and profit will become readable for the first time in open sources.
• Ownership transparency. The preferred-share structure raises the question of who holds those shares and on what terms; any ASFI disclosure of the shareholder register would clarify whether a family, institution or state entity controls the float.
• Currency risk. With Bolivia’s official boliviano rate now diverging sharply from the parallel market, a property company that collects rents in bolivianos but may price assets in dollar terms faces a widening valuation gap.
• Bolivia macro. The World Bank estimated Bolivia’s 2024 economic growth at only 1.5% — well below government targets — putting pressure on commercial tenants and reducing appetite for new property transactions.

This is news, not investment advice.