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• Tenants’ sales kept its recovery pace in the first quarter of 2018, growing 4.8% y-o-y. Sales/sqm increased even more in the period, 7.1%.

• Same-store sales (SSS) also maintained the previous year positive trend, and increased 3.7% in 1Q18, led by healthy indexes from both anchor and satellite stores.

• Same-store rents (SSR) grew 3.2% in the first quarter of 2018, once again posting real growth. 

• The occupancy rate closed the quarter at 93.3%, while the occupancy cost kept its track towards our historical level, decreasing to 9.6% in 1Q18.

• Net revenues totaled R$72.4 million in the first quarter of 2018, 4.4% higher than in 1Q17, due to the combination of higher parking, rent and service revenues, and lower temporary discounts to tenants.

• EBITDA grew 14.1% in 1Q18, totaling R$50.0 million, led by higher revenues and lower costs and expenses. This is a new record for a first quarter.

• Solid operating results allied with lower financial expenses and current income taxes led a 44.3% year-over-year growth of our FFO in 1Q18, which reached R$27.7 million, also a new record.