Sonae Sierra Investor Relations RSS | My Downloads ( 0 ) | Versão Português

Results Center

IR Contact IR Alerts
Back Large Font Size Small Font Size Print E-mail Download

1Q17

HIGHLIGHTS
    
• Tenants’ sales had a strong recovery, growing 4.7% in 1Q17 over the first quarter of 2016, the highest y-o-y growth since the 2Q15.

• Same-store sales (SSS) also registered the highest quarterly increase in two years, increasing 3.1% in 1Q17 compared to the first quarter of 2016.

• Same-store rents (SSR) grew 6.8% in 1Q17 compared to 1Q16, the highest level since the second quarter of 2015.

• The occupancy rate remained high, closing the first quarter of 2017 at 94.6%, 117 bps higher than in 1Q16.

• Rental and parking revenues continued to increase, growing 3.2% and 13.9% respectively compared to 1Q16.

• EBITDA, excluding the gains with assets’ sale (in March 2016), increased 1.1% over the first quarter of 2016.

• Net financial expenses decreased 20.6% in 1Q17 compared to 1Q16 and the FFO, also excluding the gains with assets’ sale, increased 7.6% in comparison with the 1Q16.

• On April 27, the Company’s 2017 General Shareholders’ Meeting approved the payment of dividends related to the 2016 fiscal year, totaling R$34.8 million or R$0.455 per share, to be paid until June 30th, 2017.