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BRMALLS DISCLOSES PRELIMINARY 3Q15 TENANTS SALES AND OPERATING RESULTS
Notice to the market
Rio de Janeiro, October 26th, 2015 - BR MALLS Participações S.A.(Bovespa:BRML3), the largest shopping mall company in Brazil, announces its preliminary tenant sales and operating results, as well as the occupancy and net late payment levels for the third quarter of 2015 (3Q15).
TOTAL SALES GREW BY 1.8%.
BRMALLS’ total sales reached R$5.1 billion. Excluding the effects of our properties recently divested*, total sales recorded a 1.8% growth in 3Q15 over the prior year.
SAME STORE SALES TOTALED 2.3% IN 3Q15
Our SSS grew by 2.3% over 3Q14 mainly due to a deteriorating macroeconomic scenario.
SAME STORE RENT TOTALED 7.4% IN 3Q15.
Our SSR was 7.4% during the quarter, a 40bps improvement over 2Q15.
BRMALLS SHOPPING MALLS RECORED A 96.8% OCCUPANCY RATE
Malls that have an occupancy equal or higher than 98% account for more than 70% of our NOI.
NET LATE PAYMENTS REGISTERED 2.6% IN 3Q15
We ended the quarter with a year low net late payment of 2.6%, a 110 bps improvement over 2Q15.
Late payments decreased 110 bps over 2Q15 and ended the quarter at 6.5%.
Click here to access the full report.
*Divested Malls in the last 12 months: Mueller and Shopping Fashion Mall
BRMALLS Participações S.A.
Investor Relations Officer
Frederico da Cunha Villa
BRMALLS is the largest integrated mall company in Brazil, with a portfolio of 46 malls, comprising 1,650.0 thousand m² of GLA and 966.3 thousand m² of owned GLA. BRMALLS is the only shopping mall company in Brazil with nationwide presence and targeting all income segments.
Phone: 55 (21)3138-9900 E-mail: firstname.lastname@example.org Website: www.brmalls.com.br/ir