News

Rio de Janeiro, January 25th, 2016 - 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 fourth quarter of 2015 (4Q15) and full year 2015.

TOTAL SALES INCREASED BY 3.2%.

BRMALLS‘ total sales reached R$22.5 billion. Excluding our properties recently divested*, total sales recorded a 3.2% growth in 2015 over the prior year.

On 4Q15, total sales reached R$6.9 billion, a 0.3% growth* excluding our properties recently divested.

SAME STORE SALES TOTALED 0.9% IN 4Q15 AND 3.0% IN 2015.

Our SSS grew by 0.9% over 4Q14 mainly due to a deteriorating macroeconomic scenario and a strong comparison base in 4Q14.

SAME STORE RENT TOTALED 6.4% IN 4Q15.

Our SSR was 6.4% during the quarter and 7.3% in 2015.

BRMALLS SHOPPING MALLS RECORED A 96.9% OCCUPANCY RATE

Despite a deteriorating macroeconomic scenario, we were able to improve our occupancy rate by 10bps over 3Q15.

NET LATE PAYMENTS REGISTERED 1.9% IN 4Q15

We ended the quarter with a year low net late payment of 1.9%, a 70 bps improvement over 3Q15.

Late payments decreased 90 bps over 3Q15 and ended the quarter at 5.6%.


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*Assets divested: Pátio Belém, Metro Tatuapé, Big Shopping, Mueller, Fashion Mall, Center Shopping and West Shopping.

BRMALLS Participações S.A.
Investor Relations Officer
Frederico da Cunha Villa

ABOUT BRMALLS

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.