Contact Information: Phone.: (55 21) 3138-9900 Fax: (55 21) 3138-9901 E-mail: ri@brmalls.com.br Leandro Bousquet
BRMALLS Discloses Preliminary 4Q09 and 2009 Tenants Sales and Rent Performance
| Source: BR MALLS Participações S.A.
RIO DE JANEIRO, BRAZIL--(Marketwire - January 18, 2010) - BR MALLS Participações S.A.
(BOVESPA: BRML3), the largest shopping mall company in Brazil, announces
its preliminary tenant sales and rent results, as well as the occupancy and
late payment (30 days) levels for the fourth quarter of 2009 (4Q09).
BRMALLS SHOPPING MALLS RECORD TOTAL 4Q09 SALES OF R$ 3.6 BILLION AND 2009
SALES OF R$ 11 BILLION
Consolidated sales volume totaled R$ 3.6 billion in the 4Q09, a 15.3%
year-over-year increase. In 2009, the concolidated sales volume reached R$
11 billion, an increase of 13.5% when compared with 2008 sales.
SAME STORE SALES GROWTH PRESENTED STRONG ACCELERATION, REACHING 11% IN
4Q09
Same store sales (SSS) in 4Q09 grew by 11%, presenting a considerable
increase when compared to 5.1% growth in 3Q09, and 8.8% growth in 4Q08.
This acceleration was mainly due to the recovery of the anchors' SSS, which
reached a 7.7% growth in 4Q09, in contrast to a 0.4% growth in 4Q08. Same
store sales for satellite and leisure stores continued the strong growth
pace in the quarter, recording 11.7% and 17.8% growth, respectively.
In 2009 the consolidated SSS presented a 7% growth. We highlight the
leisure segment SSS growth of 19.5%, followed by the satellite SSS growth
of 9.8%.
SAME STORE RENT INCREASES 10.5% IN 2009
In the 4Q09 same store rent (SSR) growth was 8.8%. In the year, the
consolidated SSR reached a 10.5% growth.
WE ENDED THE 4Q09 WITH THE HIGHEST OCCUPANCY ON THE HISTORY OF THE
COMPANY
The occupancy level reached once again the highest level ever in BRMALLS'
history, closing 4Q09 with an average of 97.9% compared to 97.3% in 3Q09.
We highlight December's occupancy level that reached 98%, the highest level
in the company's history, with 8 malls 100% occupied.
Late payments (30 days) improved considerably, from an average of 4.2% in
4Q08 to 3.2% in 4Q09. Once again we highlight December's performance, with
late payments reaching the historical minimum of 2.7%.