In Iutamemi, the malls buy and sell rhythm. Now to accelerate order growth
Iguetemi Sao Paulo and JK Iutamemi owner of iconic luxury addresses Igemi Group It intensified its integration in the high -standard mall market, which reflects the first quarter of 2025.
During this period, the company recorded a growth of 17% of the total sales, which had reached R $ 5 billion, which increased the continuous expansion and market share of the portfolio. Since 2019, the participation of Igayetami in this sector has increased from 7.4% to 10.7%.
“This result reflects a steady strategy, focusing on experience, is curated by brands and strengthens the user connection,” said CFO Guido Olivera of Igayatemi Group.
By 2024, the company stepped on the Accelerator in recycling its portfolio. This group shoped Rios And pieces of malls Polysta campus E. Higinapolis patio. To this extent, he got out of his participation in Sao Carlos and reduced his slice at 78% to 60% at Igayetami Alphawille. Recently announced 49% of Sao Paulo’s shopping market placement in the south and Galleria shopping in Campinas.
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The purchase and selling movement is now in the past. Olivera said this moment was a continuation of the integration and expansion and expansion of assets and retrofit projects. The company is expanding Iutamemi Brassilia and restoring the market space.
Net profit rose 32%to $ 107.4 million. Considering the adjustments, the result is R 113.9 million, which is 5.1% growth in the same period 2024. The adjusted FFO R is $ 138.5 million, which refers to a 9.9% drops, which is affected by high financial costs, with high interest rates gross economic scenario and the purchase of Rio Sul.
Net income total R $ 312 million, 11% expansion and rental income increased by 5.5% compared to the same period last year, representing 74.4% of gross mall gross income. Consolidated adjustable EBITDA R maintains operational capacity by $ 244.3 million, 74%.
“The interest rate has increased to 14.25%, which directly influenced our debt, producing big financial costs. However, our sale increased 17%and our gross income achieved nearly 9%growth. Even under the influence of interest and calendar abuse, we have a very good functioning performance.”
Amid property management, the company has also done a significant work on passive management, which allowed it to reduce the cost of debt. “We depart 105% 102% of the CDI and continue to the average loan deadline. We have also made the acquisitions and sales of assets. It helped to control net loan.”
An increase in high occupation and sales
The average occupancy rate reached 96.6%, one of the largest level recorded in the first quarter. Although Guido Olivera’s seasonal of this period, “sales increase percentage increased rent, which increased 19.5% compared to the first quarter of 2024”. The net default also dropped to 1.4%, the lowest level for the first quarters in the last 10 years.
The same sales (SSS) sales increased by 6.3%, the same sales (SIS) increased by 7.6%, both exceeded inflation. Now the Ashatibua of the Executive is, with the arrival of new brands such as H&M, Aloo Yoga and Com des waiters, the growth is strengthened.
Faith in its perspectives for 2025, the company maintained growth expectations for 2025. “We continue our guidance until 2025, with net income growth from 7% to 8% and with EBITDA margin between 75% and 79%. We know that the highest interest rates are press financial costs, but we are involved in our activity growth.
