The Iguatemi Operator shopping centers reported Tuesday that the rectified profit of the first quarter grew by 5.1% in the same period last year, exceeding the average estimate of Reuters’s research analysts.
Considering the adjustments, the net income of Iguatemi was $ 113.9 million from January to March, compared to the forecasts of analysts of R $ 94.5 million, according to the data compiled by LSEG.
The profit before the interests, taxes, the demort and the demanding (Ebitda) adequate from the period was $ 244.3 million, an advance of 8.5% on an annual base and in line with the expected market expectations of R $ 248.3 million, according to an average estimate compiled by LSEG. The adequate ebitda margin was almost stable at 74%.
The rectified net revenues of the operator of the shopping centers amounted to 330 million dollars in the period, an expansion of 8.5% in the first quarter of 2024, while the cash flow from the operations (FFO) reached R $ 138.5 million, a drop of 9.9% from year to year, influenced on the highest financial expenses due to the macroeconomic scenario and acquisition of the acquisition reosul.
The company, which provides for the end of 2025 with an indebtedness index below twice, had a financial lever – measured by the rectified net/ebitda debt – 1.76 times in the first three months of the year, compared to 1.84 times the previous year.
This month, Iguatemi signed a Memorandum to sell 500 million dollars on the post office in shopping centers and companies and concluded the acquisition of sections in shopping centers Pátio Paulista and Pátio Higienópolis.
“For the next few months, the company is confident of the delivery of its guide,” said the company in a press release. Iguatemi projects a growth of net revenue between 7% and 11% and investments of 330 million from R $ 400 million in 2025.
Source: Terra
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