Falabella reorganizes malls: what it means for Falabella stock

Published on 10/01/2026 at 17:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Falabella agreed two mall deals on September 30, 2026, covering USD 200 million. Falabella stock spans CLP 5,237.70 to CLP 6,948.50.

Falabella, CL0000001314, Illustration mit AI erstellt.

Falabella (CL0000001314) agreed two non-binding mall memorandums with Mallplaza on September 30, 2026, reorganizing six Chilean properties valued at USD 200.00 million. The arrangement also covers a new mixed-use project in San Isidro, Lima, giving investors a concrete view of how Falabella is simplifying its real-estate structure.

Six properties move to Mallplaza

According to Falabella on September 30, 2026, the first memorandum groups Open Plaza Rancagua, Santa Julia in Viña del Mar, Chillán, La Calera, Ovalle and Valdivia into a joint venture. The properties represent 140,000 square meters of leasable space, while Mallplaza will enter through a capital increase and hold at least 51 percent once the transaction is completed.

Diario Financiero reported on September 30, 2026, that the deal remains subject to due diligence, permits and final contracts. That condition matters: the announcement changes the intended operating structure, but it does not yet represent a completed asset transfer.

What the reorganization means

The second memorandum concerns a greenfield shopping project in San Isidro, Lima. Falabella and Mallplaza plan to develop the site through Falabella subsidiary Inmobiliaria ISIC, with Mallplaza reaching a 51 percent stake after development and the required conditions are met.

The property move follows a profitable second quarter. Quartr reported that second-quarter 2026 revenue increased 9.70 percent year over year to USD 3.8 billion, while EBITDA rose 7.00 percent to USD 549.0 million and the margin was 14.50 percent. Net income excluding fair-value effects reached USD 242.0 million, up 13.50 percent year over year.

The figures create a useful counterweight to the property story. Falabella is expanding its operating ecosystem while also shifting mall assets toward a specialized subsidiary, so execution of the ownership transfer and the performance of retail and financial services remain central to the investment case.

Falabella shares rise in Santiago

Falabella stock was trading at CLP 6,356.10 on the Santiago Stock Exchange on October 1, 2026, up 2.12 percent from CLP 6,224.00. The 52-week range was CLP 5,237.70 to CLP 6,948.50, placing the stock 8.53 percent below its yearly high.