Cresud: Excellent Real Estate Business And A Positive Outlook

2025-08-14 15:48:40 ET

Investment Thesis

I grant Cresud (CRESY) a Buy rating. I believe that the company exhibits a positive outlook in the following years. To begin with, the Argentinian Government has reduced export taxes on agricultural products. Currently, corn is taxed at 9.5% and soybeans at 26%. At this level and without currency control, the Argentinian agricultural production is projected to increase by 29.50% between 2024 and 2035. The Government plans to completely eliminate the export taxes on agricultural products. This decision will have a positive effect on Cresud's net income. Furthermore, commodity prices are reaching the levels observed between 2014 and 2020, a period of low prices. Consequently, since agricultural commodity prices are cyclicals, Cresud could benefit from higher prices of these raw materials in the upcoming years....

Read the full article on Seeking Alpha

For further details see: