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2Q16

HIGHLIGHTS
 
Net revenue totaled R$82.3 million in 2Q16, growing 2.9% when compared to 2Q15. In 1H16 the consolidated net revenue also grew 2.9% y-o-y, at R$165.9 million.
 
Rental revenue totaled R$76.9 million in the quarter, a 3.2% increase over 2Q15 and in the first half of 2016 rent revenue totaled R$154.4 million, growing 4.9% over the same period of 2015.
 
NOI reached R$79.7 million in 2Q16, a 5.0% increase over the same period of last year. In 1H16, NOI reached R$159.4 million, a 4.5% growth y-o-y. 
 
EBITDA was R$53.1 million in 2Q16, 5.8% lower than in 2Q15. EBITDA totaled R$117.1 million in the first six months of 2016, increasing 2.6% over 1H15.
 
FFO totaled R$31.1 million in 2Q16, 11.6% below 2Q15. In 1H16, FFO recorded a 7.5% decrease from the same period of 2015, at R$66.2 million.
 
Occupancy in our mature portfolio improved from 1Q16, reaching 98.1% while overall occupancy also improved to 93.6% in 2Q16.
 
Occupancy costs of our tenants slightly decreased from 1Q16, to 10.1%.
 
Same-store rents (SSR) continued to increase in 2Q16, growing 4.4% compared to 2Q15. In 1H16, the index reported a 6.2% growth over the same period of 2015. 
 
Same-store sales (SSS) decreased by 1.7% in 2Q16 compared to 2Q15, affected by the slowdown in consumption. In the first half of 2016, SSS decreased by 1.2% y-o-y.