Parque Arauco S.A. (PARAUCO.SN)
Parque Arauco S.A. operates in the Real Estate - Development industry of the Real Estate sector, headquartered in Santiago de Chile, CL. The stock last traded at $3915.10, down 0.91% on the session, giving a market capitalisation of $3.59T. Its beta of 0.76 implies it has historically moved less than the broad market.
Parque Arauco S.A. is a prominent Latin American real estate firm that specializes in the ownership, development, operation, and management of a diverse portfolio of commercial properties. Its extensive holdings include four distinct retail formats: large regional shopping centers, community-focused neighborhood centers, premium outlet malls, and convenient strip malls. These properties host a wide array of tenants, ranging from major department stores, home improvement retailers, and supermarkets to restaurants, movie theaters, health clinics, and numerous specialty shops. As of December 31, 2021, the company's significant presence across the region included: 8 regional, 1 neighborhood, 4 premium outlet, and 18 strip centers in Chile; 6 regional, 9 neighborhood, 2 premium outlet, and 3 strip centers in Peru; and 3 regional centers and 1 premium outlet mall in Colombia. The combined gross leasable area of these assets totaled 1,079,000 square meters. Established in 1979 and based in Santiago, Chile, the company was originally known as Cocentral Compañía de Centros Comerciales S.A. before rebranding as Parque Arauco S.A. in 1992.
Parque Arauco S.A. is most often compared with the following Real Estate names: