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BRMALLS DISCLOSES PRELIMINARY 1Q16 TENANTS SALES AND OPERATING RESULTS
Notice to the market
Rio de Janeiro, May 2nd, 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 first quarter of 2016 (1Q16) and full year 2016.
BRMALLS INCREASED ITS TOTAL SALES BY 1.8%
Total sales reached R$5.0 billion in 1Q16, excluding our recently divested properties*, a 1.8% growth over the prior year.
SAME STORE SALES TOTALED 1.2% IN 1Q16
In 1Q16, same store sales (SSS) recorded a 1.2% growth.
SAME STORE RENT TOTALED 7.4% IN 1Q16
In 1Q16, BRMALLS recorded a same store rent (SSR) increase of 7.4%.
BRMALLS SHOPPING MALLS RECORED A 96.8% OCCUPANCY RATE
Despite a challenging macroeconomic scenario, we were able to maintain our occupancy rate in line with the previous quarter.
NET LATE PAYMENTS REGISTERED 5.7% IN 1Q16
By the end of 1Q16, net late payments registered 5.7%.
In the end of 1Q16, late payments (30 days) averaged 7.9%.
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BRMALLS Participações S.A.
BRMALLS is the largest integrated mall company in Brazil, with a portfolio of 45 malls, comprising 1,638.1 thousand m² of GLA and 957.9 thousand m² of owned GLA. BRMALLS is the only shopping mall company in Brazil with nationwide presence and targeting all income segments.