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Operating Shoppings Portfolio

Total GLA
BH Shopping
RibeirãoShopping
BarraShopping
MorumbiShopping
ParkShopping
DiamondMall
New York City Center
ShoppingAnáliaFranco
ParkShoppingBarigüi
Pátio Savassi
ShoppingSantaÚrsula
BarraShoppingSul
ShoppingVilaOlímpia
ParkShoppingSãoCaetano
JundiaíShopping
ParkShoppingCampoGrande
VillageMall
Parque Shopping Maceió
Total
Multiplan Interest
BH Shopping
RibeirãoShopping
BarraShopping
MorumbiShopping
ParkShopping
DiamondMall
New York City Center
ShoppingAnáliaFranco
ParkShoppingBarigüi
Pátio Savassi
ShoppingSantaÚrsula
BarraShoppingSul
ShoppingVilaOlímpia
ParkShoppingSãoCaetano
JundiaíShopping
ParkShoppingCampoGrande
VillageMall
Parque Shopping Maceió
Total
Owned GLA
BH Shopping
RibeirãoShopping
BarraShopping
MorumbiShopping
ParkShopping
DiamondMall
New York City Center
ShoppingAnáliaFranco
ParkShoppingBarigüi
Pátio Savassi
ShoppingSantaÚrsula
BarraShoppingSul

State
MG
SP
RJ
SP
DF
MG
RJ
SP
PR
MG
SP
RS
SP
SP
SP
RJ
RJ
AL

RJ
MG
SP
RJ
SP
DF
MG
RJ
SP
PR
MG
SP
RS
SP
SP
SP
RJ
RJ
AL

State
MG
SP
RJ
SP
DF
MG
RJ
SP
PR
MG
SP
RS

Mar-06
1Q06
35,450 m²
39,130 m²
69,138 m²
49,670 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
39,022 m²
0 m²
0 m²
14,400 m²
0 m²

Jun-06
2Q06
35,450 m²
39,130 m²
69,355 m²
49,665 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
39,022 m²
0 m²
0 m²
14,400 m²
0 m²

368,220 m²

368,432 m²

1Q06
80.0%
56.2%
51.1%
51.7%
60.0%
45.0%
50.0%
30.0%
90.0%
0.0%
0.0%
50.0%
0.0%

2Q06
80.0%
56.2%
51.1%
51.7%
60.0%
45.0%
50.0%
30.0%
90.0%
0.0%
0.0%
50.0%
0.0%

56.9%

56.9%

1Q06
28,360 m²
21,979 m²
35,308 m²
25,683 m²
23,559 m²
9,341 m²
11,034 m²
11,793 m²
35,119 m²
0 m²
0 m²
7,200 m²

2Q06
28,360 m²
21,979 m²
35,419 m²
25,680 m²
23,559 m²
9,341 m²
11,034 m²
11,793 m²
35,119 m²
0 m²
0 m²
7,200 m²

ShoppingVilaOlímpia
ParkShoppingSãoCaetano
JundiaíShopping
ParkShoppingCampoGrande
VillageMall
Parque Shopping Maceió
Total

SP
SP
SP
RJ
RJ
AL

Total GLA (avg.)
BH Shopping
RibeirãoShopping
BarraShopping
MorumbiShopping
ParkShopping
DiamondMall
New York City Center
ShoppingAnáliaFranco
ParkShoppingBarigüi
Pátio Savassi
ShoppingSantaÚrsula
BarraShoppingSul
ShoppingVilaOlímpia
ParkShoppingSãoCaetano
JundiaíShopping
ParkShoppingCampoGrande
VillageMall
Parque Shopping Maceió
Total

State
MG
SP
RJ
SP
DF
MG
RJ
SP
PR
MG
SP
RS
SP
SP
SP
RJ
RJ
AL

Owned GLA (avg.)
BH Shopping
RibeirãoShopping
BarraShopping
MorumbiShopping
ParkShopping
DiamondMall
New York City Center
ShoppingAnáliaFranco
ParkShoppingBarigüi
Pátio Savassi
ShoppingSantaÚrsula
BarraShoppingSul
ShoppingVilaOlímpia
ParkShoppingSãoCaetano
JundiaíShopping
ParkShoppingCampoGrande
VillageMall
Parque Shopping Maceió
Total

State
MG
SP
RJ
SP
DF
MG
RJ
SP
PR
MG
SP
RS
SP
SP
SP
RJ
RJ
AL

Average Occupancy Rate
BH Shopping
RibeirãoShopping
BarraShopping
MorumbiShopping
ParkShopping
DiamondMall
New York City Center
ShoppingAnáliaFranco
ParkShoppingBarigüi
Pátio Savassi
ShoppingSantaÚrsula

State
MG
SP
RJ
SP
DF
MG
RJ
SP
PR
MG
SP

0 m²

0 m²

209,376 m²

209,484 m²

1Q06
35,450 m²
39,295 m²
69,138 m²
49,670 m²
39,297 m²
20,757 m²
22,067 m²
39,310 m²
39,028 m²
0 m²
0 m²
0 m²
0 m²

2Q06
35,450 m²
39,130 m²
69,280 m²
49,656 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
39,022 m²
0 m²
0 m²
0 m²
0 m²

354,013 m²

353,948 m²

1Q06
28,360 m²
22,072 m²
35,308 m²
25,683 m²
23,571 m²
9,341 m²
11,034 m²
11,793 m²
35,125 m²
0 m²
0 m²
0 m²
0 m²

2Q06
28,360 m²
21,979 m²
35,381 m²
25,676 m²
23,559 m²
9,341 m²
11,034 m²
11,793 m²
35,119 m²
0 m²
0 m²
0 m²
0 m²

202,287 m²

202,241 m²

1Q06
96.5%
98.5%
98.5%
93.1%
93.7%
94.1%
98.7%
94.6%
88.2%
0.0%
0.0%

2Q06
95.8%
98.2%
98.2%
95.8%
93.9%
94.9%
98.7%
94.6%
96.1%
0.0%
0.0%

BarraShoppingSul
ShoppingVilaOlímpia
ParkShoppingSãoCaetano
JundiaíShopping
ParkShoppingCampoGrande
VillageMall
Parque Shopping Maceió
Total

RS
SP
SP
SP
RJ
RJ
AL

0.0%
0.0%

0.0%
0.0%

95.2%

96.3%

Mar-06
1Q06

Jun-06
2Q06

Operating Office Towers Portfolio
Total GLA
Morumbi Corporate
ParkShopping Corporate

State
SP
DF

Multiplan Interest
Morumbi Corporate
ParkShopping Corporate

State
SP
DF

1Q06

2Q06

Owned GLA
Morumbi Corporate
ParkShopping Corporate

State
SP
DF

1Q06

2Q06

Average Occupancy Rate
Morumbi Corporate
ParkShopping Corporate

State
SP
DF

1Q06

2Q06

Sep-06
3Q06
35,450 m²
39,130 m²
69,312 m²
49,774 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
38,793 m²
0 m²
0 m²
14,400 m²
0 m²

Dec-06
4Q06
35,450 m²
39,130 m²
69,312 m²
54,987 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
38,791 m²
0 m²
0 m²
14,400 m²
0 m²

Mar-07
1Q07
35,450 m²
39,130 m²
69,312 m²
54,967 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
38,794 m²
0 m²
0 m²
14,400 m²
0 m²

Jun-07
2Q07
35,450 m²
39,130 m²
69,316 m²
54,967 m²
39,293 m²
20,757 m²
22,068 m²
39,310 m²
41,389 m²
17,534 m²
0 m²
14,400 m²
0 m²

Sep-07
3Q07
35,450 m²
39,188 m²
69,825 m²
54,999 m²
39,293 m²
20,806 m²
22,068 m²
39,310 m²
41,395 m²
15,545 m²
0 m²
14,400 m²
0 m²

373,464 m² 393,615 m²

392,279 m²

Dec-07
4Q07
35,450 m²
39,188 m²
69,825 m²
54,999 m²
39,293 m²
20,806 m²
22,068 m²
39,310 m²
41,395 m²
15,545 m²
0 m²
14,400 m²
0 m²

Mar-08
1Q08
34,739 m²
39,188 m²
69,829 m²
54,958 m²
39,775 m²
20,806 m²
22,068 m²
39,310 m²
41,405 m²
15,538 m²
0 m²
14,400 m²
0 m²

368,269 m²

373,480 m²

3Q06
80.0%
56.2%
51.1%
51.7%
60.0%
45.0%
50.0%
30.0%
90.0%
0.0%
0.0%
50.0%
0.0%

4Q06
80.0%
56.2%
51.1%
56.3%
60.0%
45.0%
50.0%
30.0%
90.0%
0.0%
0.0%
50.0%
0.0%

1Q07
80.0%
76.2%
51.1%
56.3%
60.0%
90.0%
50.0%
30.0%
90.0%
0.0%
0.0%
100.0%
0.0%

2Q07
80.0%
76.2%
51.1%
56.3%
60.0%
90.0%
50.0%
30.0%
90.0%
83.8%
0.0%
100.0%
0.0%

3Q07
80.0%
76.2%
51.1%
56.3%
60.0%
90.0%
50.0%
30.0%
84.0%
83.8%
0.0%
100.0%
0.0%

4Q07
80.0%
76.2%
51.1%
65.8%
60.0%
90.0%
50.0%
30.0%
84.0%
83.8%
0.0%
100.0%
0.0%

1Q08
80.0%
76.2%
51.1%
65.8%
60.0%
90.0%
50.0%
30.0%
84.0%
83.8%
37.5%
100.0%
0.0%

56.8%

57.4%

64.0%

65.0%

64.3%

65.6%

65.6%

3Q06
28,360 m²
21,979 m²
35,397 m²
25,736 m²
23,559 m²
9,341 m²
11,034 m²
11,793 m²
34,913 m²
0 m²
0 m²
7,200 m²

4Q06
28,360 m²
21,979 m²
35,397 m²
30,951 m²
23,559 m²
9,341 m²
11,034 m²
11,793 m²
34,912 m²
0 m²
0 m²
7,200 m²

1Q07
28,360 m²
29,805 m²
35,397 m²
30,940 m²
23,559 m²
18,681 m²
11,034 m²
11,793 m²
34,915 m²
0 m²
0 m²
14,400 m²

2Q07
28,360 m²
29,805 m²
35,399 m²
30,940 m²
23,569 m²
18,681 m²
11,034 m²
11,793 m²
37,250 m²
14,695 m²
0 m²
14,400 m²

3Q07
28,360 m²
29,850 m²
35,659 m²
30,958 m²
23,569 m²
18,725 m²
11,034 m²
11,793 m²
34,772 m²
13,028 m²
0 m²
14,400 m²

4Q07
28,360 m²
29,850 m²
35,659 m²
36,179 m²
23,569 m²
18,725 m²
11,034 m²
11,793 m²
34,772 m²
13,028 m²
0 m²
14,400 m²

1Q08
27,791 m²
29,850 m²
35,661 m²
36,152 m²
23,856 m²
18,725 m²
11,034 m²
11,793 m²
34,780 m²
13,022 m²
0 m²
14,400 m²

392,279 m² 392,015 m²

0 m²

0 m²

209,312 m²

214,525 m²

3Q06
35,450 m²
39,130 m²
69,326 m²
49,697 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
38,945 m²
0 m²
0 m²
0 m²
0 m²

4Q06
35,450 m²
39,130 m²
69,312 m²
53,578 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
38,791 m²
0 m²
0 m²
0 m²
0 m²

353,959 m²

357,671 m²

3Q06
28,360 m²
21,979 m²
35,404 m²
25,697 m²
23,559 m²
9,341 m²
11,034 m²
11,793 m²
35,051 m²
0 m²
0 m²
0 m²
0 m²

4Q06
28,360 m²
21,979 m²
35,397 m²
30,158 m²
23,559 m²
9,341 m²
11,034 m²
11,793 m²
34,912 m²
0 m²
0 m²
0 m²
0 m²

202,217 m²

206,532 m²

3Q06
96.1%
98.6%
98.0%
92.9%
94.0%
95.1%
98.7%
94.6%
97.9%
0.0%
0.0%

4Q06
96.5%
99.6%
97.4%
99.2%
93.8%
94.9%
98.4%
94.3%
98.8%
0.0%
0.0%

0 m²

0 m²

0 m²

238,883 m² 255,927 m²

252,147 m²

1Q07
35,450 m²
39,130 m²
69,312 m²
54,979 m²
39,276 m²
20,757 m²
22,067 m²
39,310 m²
38,792 m²
15,545 m²
0 m²
0 m²
0 m²

2Q07
35,450 m²
39,130 m²
69,313 m²
54,967 m²
39,288 m²
20,757 m²
22,068 m²
39,310 m²
41,389 m²
15,545 m²
0 m²
0 m²
0 m²

3Q07
35,450 m²
39,130 m²
69,653 m²
54,988 m²
39,293 m²
20,757 m²
22,068 m²
39,310 m²
41,393 m²
15,545 m²
0 m²
0 m²
0 m²

374,618 m² 377,217 m²

377,588 m²

1Q07
28,360 m²
29,805 m²
35,397 m²
30,946 m²
23,559 m²
18,681 m²
11,034 m²
11,793 m²
34,913 m²
0 m²
0 m²
0 m²
0 m²

2Q07
28,360 m²
29,805 m²
35,398 m²
30,940 m²
23,566 m²
18,681 m²
11,034 m²
11,793 m²
37,250 m²
13,028 m²
0 m²
0 m²
0 m²

3Q07
28,360 m²
29,805 m²
35,571 m²
30,952 m²
23,569 m²
18,681 m²
11,034 m²
11,793 m²
34,770 m²
13,028 m²
0 m²
0 m²
0 m²

224,488 m² 239,855 m²

237,563 m²

1Q07
96.3%
99.5%
97.3%
99.8%
97.0%
93.8%
97.5%
94.3%
98.2%
0.0%
0.0%

2Q07
94.9%
98.8%
97.7%
99.3%
98.5%
94.9%
98.9%
94.3%
98.1%
99.5%
0.0%

3Q07
93.9%
98.8%
97.6%
99.2%
98.3%
95.9%
99.6%
94.3%
97.9%
99.5%
0.0%

0 m²

0 m²

257,369 m² 257,063 m²
4Q07
35,450 m²
39,188 m²
69,826 m²
54,999 m²
39,295 m²
20,806 m²
22,068 m²
39,310 m²
41,397 m²
15,545 m²
0 m²
0 m²
0 m²

1Q08
35,219 m²
39,188 m²
69,829 m²
54,985 m²
39,453 m²
20,806 m²
22,248 m²
39,310 m²
41,404 m²
15,540 m²
0 m²
0 m²
0 m²

377,884 m² 377,981 m²
4Q07
28,360 m²
29,850 m²
35,660 m²
36,179 m²
23,570 m²
18,725 m²
11,034 m²
11,793 m²
34,774 m²
13,028 m²
0 m²
0 m²
0 m²

1Q08
28,175 m²
29,850 m²
35,661 m²
36,170 m²
23,662 m²
18,725 m²
11,124 m²
11,793 m²
34,779 m²
13,023 m²
0 m²
0 m²
0 m²

242,972 m² 242,963 m²
4Q07
92.6%
98.4%
95.6%
99.2%
98.2%
97.1%
99.6%
94.3%
98.1%
98.8%
0.0%

1Q08
94.7%
97.9%
97.5%
99.7%
97.6%
97.4%
99.6%
97.7%
98.8%
98.8%
0.0%

0.0%
0.0%

0.0%
0.0%

0.0%
0.0%

0.0%
0.0%

0.0%
0.0%

0.0%
0.0%

0.0%
0.0%

96.2%

97.2%

97.4%

97.6%

97.5%

97.0%

97.9%

Sep-06
3Q06

Dec-06
4Q06

Mar-07
1Q07

Jun-07
2Q07

Sep-07
3Q07

Dec-07
4Q07

Mar-08
1Q08

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

Jun-08
2Q08
35,105 m²
39,188 m²
69,812 m²
54,958 m²
39,775 m²
20,808 m²
22,068 m²
39,310 m²
41,411 m²
15,537 m²
24,043 m²
14,400 m²
0 m²

Sep-08
3Q08
35,022 m²
39,188 m²
69,775 m²
54,958 m²
39,775 m²
20,809 m²
22,068 m²
39,310 m²
41,409 m²
16,172 m²
24,043 m²
14,400 m²
0 m²

Dec-08
4Q08
36,895 m²
46,221 m²
69,501 m²
54,988 m²
43,210 m²
20,809 m²
22,068 m²
39,310 m²
42,968 m²
16,172 m²
24,043 m²
68,187 m²
0 m²

Jan-09
1Q09
36,895 m²
46,221 m²
69,503 m²
54,988 m²
43,178 m²
21,360 m²
22,068 m²
39,310 m²
42,968 m²
16,172 m²
24,043 m²
68,187 m²
0 m²

416,416 m² 416,928 m² 484,373 m²

484,894 m²

Jun-09
2Q09
36,899 m²
46,221 m²
69,320 m²
54,988 m²
43,178 m²
21,360 m²
22,068 m²
39,309 m²
42,975 m²
16,319 m²
24,043 m²
68,192 m²
0 m²

Sep-09
3Q09
36,899 m²
46,846 m²
69,317 m²
54,988 m²
43,215 m²
21,360 m²
22,269 m²
50,972 m²
42,978 m²
16,319 m²
24,043 m²
68,041 m²
0 m²

Dec-09
4Q09
36,899 m²
46,846 m²
69,318 m²
55,085 m²
51,512 m²
21,360 m²
22,269 m²
50,972 m²
42,986 m²
16,319 m²
24,043 m²
68,041 m²
28,091 m²

484,873 m² 497,248 m² 533,741 m²

2Q08
80.0%
76.2%
51.1%
65.8%
59.9%
90.0%
50.0%
30.0%
84.0%
83.8%
37.5%
100.0%
0.0%

3Q08
80.0%
76.2%
51.1%
65.8%
59.9%
90.0%
50.0%
30.0%
84.0%
83.8%
37.5%
100.0%
0.0%

4Q08
80.0%
76.2%
51.1%
65.8%
59.1%
90.0%
50.0%
30.0%
84.0%
83.8%
37.5%
100.0%
0.0%

1Q09
80.0%
76.2%
51.1%
65.8%
59.1%
90.0%
50.0%
30.0%
84.0%
83.8%
37.5%
100.0%
0.0%

2Q09
80.0%
76.2%
51.1%
65.8%
59.1%
90.0%
50.0%
30.0%
84.0%
83.8%
37.5%
100.0%
0.0%

3Q09
80.0%
76.2%
51.1%
65.8%
59.1%
90.0%
50.0%
30.0%
84.0%
80.9%
37.5%
100.0%
0.0%

4Q09
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
80.9%
37.5%
100.0%
30.0%

64.0%

64.0%

68.2%

68.2%

68.2%

67.2%

65.2%

2Q08
28,084 m²
29,850 m²
35,652 m²
36,142 m²
23,808 m²
18,728 m²
11,034 m²
11,793 m²
34,785 m²
13,021 m²
9,016 m²
14,400 m²

3Q08
28,018 m²
29,850 m²
35,633 m²
36,142 m²
23,808 m²
18,728 m²
11,034 m²
11,793 m²
34,783 m²
13,553 m²
9,016 m²
14,400 m²

4Q08
29,516 m²
35,207 m²
35,494 m²
36,161 m²
25,526 m²
18,728 m²
11,034 m²
11,793 m²
36,093 m²
13,553 m²
9,016 m²
68,187 m²

1Q09
29,516 m²
35,207 m²
35,495 m²
36,161 m²
25,507 m²
19,224 m²
11,034 m²
11,793 m²
36,093 m²
13,553 m²
9,016 m²
68,187 m²

2Q09
29,519 m²
35,207 m²
35,401 m²
36,161 m²
25,510 m²
19,224 m²
11,034 m²
11,793 m²
36,099 m²
13,677 m²
9,016 m²
68,192 m²

3Q09
29,519 m²
35,682 m²
35,400 m²
36,161 m²
25,528 m²
19,224 m²
11,135 m²
15,292 m²
36,101 m²
13,198 m²
9,016 m²
68,041 m²

4Q09
29,519 m²
35,682 m²
35,400 m²
36,225 m²
30,717 m²
19,224 m²
11,135 m²
15,292 m²
36,108 m²
13,198 m²
9,016 m²
68,041 m²

0 m²

0 m²

0 m²

266,314 m² 266,759 m² 330,308 m²

330,786 m²

2Q08
35,004 m²
39,188 m²
69,812 m²
54,958 m²
39,775 m²
20,808 m²
22,068 m²
39,310 m²
41,410 m²
15,537 m²
16,029 m²
0 m²
0 m²

0 m²

4Q08
36,912 m²
41,530 m²
69,482 m²
54,988 m²
42,910 m²
20,809 m²
22,068 m²
39,310 m²
41,928 m²
16,172 m²
24,043 m²
50,258 m²
0 m²

1Q09
36,895 m²
46,221 m²
69,503 m²
54,988 m²
43,189 m²
21,344 m²
22,068 m²
39,310 m²
42,968 m²
16,172 m²
24,043 m²
68,187 m²
0 m²

393,900 m² 402,522 m² 460,410 m²

484,888 m²

2Q08
28,004 m²
29,850 m²
35,652 m²
36,142 m²
23,808 m²
18,728 m²
11,034 m²
11,793 m²
34,785 m²
13,021 m²
6,011 m²
0 m²
0 m²

3Q08
35,004 m²
39,188 m²
69,787 m²
54,958 m²
39,775 m²
20,809 m²
22,068 m²
39,310 m²
41,408 m²
16,172 m²
24,043 m²
0 m²
0 m²

4Q08
29,530 m²
31,633 m²
35,484 m²
36,161 m²
25,348 m²
18,728 m²
11,034 m²
11,793 m²
35,220 m²
13,553 m²
9,016 m²
50,258 m²
0 m²

1Q09
29,516 m²
35,207 m²
35,495 m²
36,161 m²
25,513 m²
19,210 m²
11,034 m²
11,793 m²
36,093 m²
13,553 m²
9,016 m²
68,187 m²
0 m²

248,827 m² 252,350 m² 307,759 m²

330,778 m²

2Q08
95.4%
98.5%
97.3%
99.5%
98.0%
97.7%
99.6%
99.4%
98.7%
98.7%
87.1%

3Q08
28,003 m²
29,850 m²
35,640 m²
36,142 m²
23,808 m²
18,728 m²
11,034 m²
11,793 m²
34,783 m²
13,553 m²
9,016 m²
0 m²
0 m²

3Q08
95.8%
98.7%
97.6%
99.4%
97.1%
96.9%
98.4%
99.6%
98.5%
98.5%
82.4%

4Q08
97.2%
97.4%
98.9%
99.4%
96.0%
97.7%
98.2%
99.1%
99.2%
99.1%
72.5%

1Q09
99.1%
96.8%
98.0%
99.6%
96.9%
99.1%
97.5%
98.6%
99.1%
98.8%
69.8%

0 m²

0 m²

8,427 m²

330,833 m² 334,298 m² 347,985 m²
2Q09
36,898 m²
46,221 m²
69,377 m²
54,988 m²
43,178 m²
21,360 m²
22,068 m²
39,310 m²
42,970 m²
16,319 m²
24,043 m²
68,192 m²
0 m²

3Q09
36,899 m²
46,626 m²
69,322 m²
54,988 m²
43,207 m²
21,360 m²
22,269 m²
48,667 m²
42,978 m²
16,319 m²
24,043 m²
68,089 m²
0 m²

4Q09
36,899 m²
46,846 m²
69,318 m²
55,085 m²
51,531 m²
21,360 m²
22,269 m²
50,972 m²
42,986 m²
16,319 m²
24,043 m²
68,041 m²
17,736 m²

484,925 m² 494,769 m² 523,405 m²
2Q09
29,518 m²
35,207 m²
35,431 m²
36,161 m²
25,510 m²
19,224 m²
11,034 m²
11,793 m²
36,095 m²
13,677 m²
9,016 m²
68,192 m²
0 m²

3Q09
29,519 m²
35,515 m²
35,403 m²
36,161 m²
25,523 m²
19,224 m²
11,135 m²
14,600 m²
36,102 m²
13,198 m²
9,016 m²
68,089 m²
0 m²

4Q09
29,519 m²
35,682 m²
35,400 m²
36,225 m²
30,728 m²
19,224 m²
11,135 m²
15,292 m²
36,108 m²
13,198 m²
9,016 m²
68,041 m²
5,321 m²

330,858 m² 333,486 m² 344,890 m²
2Q09
99.3%
96.8%
99.0%
100.0%
97.6%
99.5%
97.9%
98.8%
99.2%
99.5%
67.9%

3Q09
99.4%
96.4%
99.4%
99.2%
97.3%
99.8%
99.8%
96.9%
98.7%
99.4%
65.9%

4Q09
99.3%
97.4%
99.3%
99.4%
99.5%
99.5%
99.6%
99.4%
98.6%
99.6%
65.8%

0.0%
0.0%

0.0%
0.0%

94.1%
0.0%

93.9%
0.0%

94.0%
0.0%

94.0%
0.0%

98.0%
87.8%

98.2%

98.1%

98.3%

98.3%

98.7%

98.4%

99.1%

Jun-08
2Q08

Sep-08
3Q08

Dec-08
4Q08

Mar-09
1Q09

Jun-09
2Q09

Sep-09
3Q09

Dec-09
4Q09

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

Mar-10
1Q10
36,840 m²
46,784 m²
69,318 m²
55,085 m²
51,512 m²
21,360 m²
22,269 m²
50,974 m²
42,985 m²
16,319 m²
23,088 m²
68,149 m²
28,091 m²

Jun-10
2Q10
36,840 m²
46,784 m²
69,319 m²
55,085 m²
51,532 m²
21,388 m²
22,269 m²
50,974 m²
42,985 m²
16,319 m²
23,088 m²
68,229 m²
28,091 m²

Sep-10
3Q10
47,547 m²
46,784 m²
69,351 m²
55,085 m²
51,532 m²
21,388 m²
22,271 m²
50,974 m²
42,934 m²
17,254 m²
23,088 m²
68,405 m²
28,091 m²

Dec-10
4Q10
47,547 m²
46,784 m²
69,278 m²
55,085 m²
51,526 m²
21,388 m²
22,271 m²
50,974 m²
49,917 m²
17,254 m²
23,132 m²
68,400 m²
28,274 m²

Mar-11
1Q11
47,547 m²
46,784 m²
69,313 m²
55,085 m²
51,526 m²
21,388 m²
22,271 m²
50,377 m²
49,934 m²
17,254 m²
23,208 m²
68,407 m²
28,274 m²

Jun-11
2Q11
47,520 m²
46,739 m²
69,580 m²
55,085 m²
51,566 m²
21,386 m²
22,271 m²
50,377 m²
49,935 m²
17,254 m²
23,199 m²
68,407 m²
28,274 m²

Sep-11
3Q11
47,520 m²
46,805 m²
69,585 m²
55,085 m²
51,526 m²
21,386 m²
22,271 m²
50,429 m²
49,935 m²
17,253 m²
23,334 m²
68,431 m²
28,201 m²

532,773 m² 532,902 m²

544,703 m²

551,830 m²

551,368 m²

551,592 m²

551,759 m²

2Q09
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
80.9%
37.5%
100.0%
30.0%

2Q10
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
80.9%
37.5%
100.0%
30.0%

3Q10
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
96.5%
37.5%
100.0%
30.0%

4Q10
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
30.0%

1Q11
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
30.0%

2Q11
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
30.0%

3Q11
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
30.0%

65.3%

65.3%

66.1%

67.3%

67.4%

67.4%

67.4%

1Q10
29,472 m²
35,635 m²
35,400 m²
36,225 m²
30,717 m²
19,224 m²
11,135 m²
15,292 m²
36,107 m²
13,198 m²
8,658 m²
68,149 m²

2Q10
29,472 m²
35,635 m²
35,401 m²
36,225 m²
30,729 m²
19,250 m²
11,135 m²
15,292 m²
36,107 m²
13,198 m²
8,658 m²
68,229 m²

3Q10
38,038 m²
35,635 m²
35,418 m²
36,225 m²
30,729 m²
19,250 m²
11,136 m²
15,292 m²
36,065 m²
16,646 m²
8,658 m²
68,405 m²

4Q10
38,038 m²
35,649 m²
35,401 m²
36,246 m²
30,709 m²
19,249 m²
11,136 m²
15,292 m²
41,930 m²
16,650 m²
14,458 m²
68,400 m²

1Q11
38,038 m²
35,649 m²
35,419 m²
36,246 m²
30,709 m²
19,249 m²
11,136 m²
15,113 m²
41,945 m²
16,650 m²
14,505 m²
68,407 m²

2Q11
38,016 m²
35,601 m²
35,534 m²
36,225 m²
30,749 m²
19,247 m²
11,136 m²
15,113 m²
41,945 m²
16,646 m²
14,499 m²
68,407 m²

3Q11
38,016 m²
35,651 m²
35,537 m²
36,225 m²
30,726 m²
19,247 m²
11,135 m²
15,129 m²
41,945 m²
16,645 m²
14,584 m²
68,431 m²

8,427 m²

8,427 m²

8,427 m²

8,482 m²

8,482 m²

8,482 m²

8,460 m²

347,640 m² 347,757 m²

359,921 m²

371,640 m²

371,548 m²

371,601 m²

371,730 m²

2Q10
36,840 m²
46,784 m²
69,319 m²
55,085 m²
51,532 m²
21,388 m²
22,269 m²
50,974 m²
42,985 m²
16,319 m²
23,088 m²
68,202 m²
25,569 m²

3Q10
40,515 m²
46,784 m²
69,351 m²
55,085 m²
51,532 m²
21,388 m²
22,270 m²
50,974 m²
42,950 m²
16,631 m²
23,088 m²
68,405 m²
28,091 m²

4Q10
47,547 m²
46,784 m²
69,278 m²
55,085 m²
51,526 m²
21,388 m²
22,271 m²
50,974 m²
49,917 m²
17,254 m²
23,132 m²
68,400 m²
27,090 m²

1Q11
47,547 m²
46,784 m²
69,290 m²
55,085 m²
51,526 m²
21,388 m²
22,271 m²
50,576 m²
49,923 m²
17,254 m²
23,157 m²
68,407 m²
28,274 m²

2Q11
47,539 m²
46,783 m²
69,394 m²
55,085 m²
51,540 m²
21,387 m²
22,271 m²
50,377 m²
49,934 m²
17,254 m²
23,207 m²
68,439 m²
28,274 m²

3Q11
47,520 m²
46,805 m²
69,585 m²
55,085 m²
51,526 m²
21,386 m²
22,271 m²
50,429 m²
49,935 m²
17,253 m²
23,334 m²
68,431 m²
28,201 m²

530,218 m² 530,353 m²

537,063 m²

550,645 m²

551,481 m²

551,482 m²

551,759 m²

2Q10
29,472 m²
35,635 m²
35,401 m²
36,225 m²
30,729 m²
19,250 m²
11,135 m²
15,292 m²
36,107 m²
13,198 m²
8,658 m²
68,202 m²
7,671 m²

3Q10
32,412 m²
35,635 m²
35,418 m²
36,225 m²
30,729 m²
19,250 m²
11,135 m²
15,292 m²
36,078 m²
16,044 m²
8,658 m²
68,405 m²
8,427 m²

4Q10
38,038 m²
35,649 m²
35,401 m²
36,246 m²
30,709 m²
19,249 m²
11,136 m²
15,292 m²
41,930 m²
16,650 m²
14,457 m²
68,400 m²
8,127 m²

1Q11
38,038 m²
35,649 m²
35,407 m²
36,246 m²
30,709 m²
19,249 m²
11,136 m²
15,173 m²
41,935 m²
16,650 m²
14,473 m²
68,407 m²
8,482 m²

2Q11
38,031 m²
35,634 m²
35,439 m²
36,225 m²
30,734 m²
19,248 m²
11,135 m²
15,113 m²
41,944 m²
16,646 m²
14,504 m²
68,439 m²
8,482 m²

3Q11
38,016 m²
35,651 m²
35,537 m²
36,225 m²
30,726 m²
19,247 m²
11,135 m²
15,129 m²
41,945 m²
16,645 m²
14,584 m²
68,431 m²
8,460 m²

346,843 m² 346,974 m²

353,708 m²

371,285 m²

371,555 m²

371,576 m²

371,730 m²

3Q10
99.8%
98.8%
99.7%
99.9%
99.9%
99.6%
99.5%
99.6%
98.7%
99.6%
86.6%

4Q10
99.8%
98.8%
99.8%
99.8%
99.9%
99.8%
99.5%
99.9%
99.7%
100.0%
88.3%

1Q11
99.8%
98.8%
99.7%
99.4%
99.6%
99.3%
99.8%
99.8%
99.9%
99.4%
91.1%

2Q11
99.5%
98.8%
99.6%
99.7%
98.9%
99.7%
100.0%
98.7%
99.1%
99.4%
92.8%

3Q11
99.7%
99.0%
99.5%
99.8%
98.6%
99.6%
99.9%
98.1%
99.2%
99.7%
93.3%

2Q09
36,879 m²
46,784 m²
69,318 m²
55,085 m²
51,512 m²
21,360 m²
22,269 m²
50,972 m²
42,986 m²
16,319 m²
23,088 m²
68,077 m²
25,569 m²

2Q09
29,504 m²
35,635 m²
35,400 m²
36,225 m²
30,717 m²
19,224 m²
11,135 m²
15,292 m²
36,108 m²
13,198 m²
8,658 m²
68,077 m²
7,671 m²

2Q09
99.1%
98.8%
99.5%
100.0%
99.6%
99.8%
99.8%
99.4%
98.7%
99.9%
70.4%

2Q10
99.1%
98.8%
99.3%
99.9%
99.8%
99.3%
99.7%
99.2%
98.2%
100.0%
76.2%

98.2%
98.2%

98.6%
91.4%

98.7%
90.6%

98.9%
88.5%

98.6%
85.9%

98.1%
84.3%

98.5%
84.3%

97.9%

97.8%

98.4%

98.6%

98.4%

98.1%

98.1%

Mar-10
1Q10

Jun-10
2Q10

Sep-10
3Q10

Dec-10
4Q10

Mar-11
1Q11

Jun-11
2Q11

Sep-11
3Q11

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

Dec-11
4Q11
47,543 m²
46,717 m²
69,440 m²
55,085 m²
53,213 m²
21,386 m²
22,271 m²
50,429 m²
49,935 m²
17,253 m²
23,339 m²
68,212 m²
28,201 m²
39,025 m²

592,048 m²

Mar-12
1Q12
47,565 m²
46,669 m²
69,422 m²
55,085 m²
53,332 m²
21,386 m²
22,271 m²
50,429 m²
49,939 m²
17,253 m²
23,339 m²
68,212 m²
28,201 m²
39,149 m²

Jun-12
2Q12
47,565 m²
46,592 m²
69,422 m²
55,088 m²
53,332 m²
21,386 m²
22,271 m²
50,427 m²
50,056 m²
17,253 m²
23,339 m²
68,212 m²
28,201 m²
39,345 m²

Sep-12
3Q12
47,565 m²
46,483 m²
69,119 m²
55,090 m²
53,332 m²
21,386 m²
22,271 m²
50,427 m²
50,176 m²
17,253 m²
22,993 m²
68,212 m²
28,363 m²
39,274 m²

Dec-12
4Q12
47,565 m²
50,552 m²
69,224 m²
55,086 m²
53,448 m²
21,386 m²
22,271 m²
50,427 m²
50,175 m²
17,253 m²
22,992 m²
68,212 m²
28,363 m²
39,274 m²
34,535 m²
42,342 m²
25,529 m²

Mar-13
1Q13
47,565 m²
50,552 m²
69,465 m²
55,089 m²
53,448 m²
21,386 m²
22,271 m²
50,427 m²
50,182 m²
17,253 m²
23,057 m²
68,261 m²
28,363 m²
39,274 m²
34,501 m²
42,355 m²
25,235 m²

Jun-13
2Q13
47,565 m²
49,972 m²
69,294 m²
55,091 m²
53,455 m²
21,386 m²
22,271 m²
50,427 m²
50,182 m²
17,291 m²
23,057 m²
68,212 m²
28,363 m²
39,274 m²
34,429 m²
42,820 m²
25,437 m²

592,251 m² 592,489 m² 591,945 m²

698,634 m²

698,685 m²

698,528 m²

4Q11
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
30.0%
100.0%

1Q12
80.0%
76.2%
51.1%
65.8%
59.6%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%

2Q12
80.0%
76.7%
51.1%
65.8%
59.3%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%

3Q12
80.0%
76.7%
51.1%
65.8%
59.3%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%

4Q12
80.0%
76.7%
51.1%
65.8%
59.3%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%

1Q13
80.0%
76.7%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%

2Q13
80.0%
76.7%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%

69.5%

70.9%

71.0%

71.0%

74.6%

74.8%

74.8%

4Q11
38,035 m²
35,584 m²
35,463 m²
36,225 m²
31,732 m²
19,247 m²
11,135 m²
15,129 m²
41,945 m²
16,645 m²
14,587 m²
68,212 m²

1Q12
38,052 m²
35,548 m²
35,454 m²
36,225 m²
31,803 m²
19,247 m²
11,135 m²
15,129 m²
41,949 m²
16,645 m²
14,587 m²
68,212 m²

2Q12
38,052 m²
35,753 m²
35,449 m²
36,223 m²
31,627 m²
19,247 m²
11,135 m²
15,128 m²
42,047 m²
16,649 m²
14,587 m²
68,212 m²

3Q12
38,052 m²
35,670 m²
35,294 m²
36,225 m²
31,627 m²
19,248 m²
11,135 m²
15,128 m²
42,148 m²
16,649 m²
14,371 m²
68,212 m²

4Q12
38,052 m²
38,768 m²
35,348 m²
36,222 m²
31,696 m²
19,248 m²
11,135 m²
15,128 m²
42,147 m²
16,649 m²
14,370 m²
68,212 m²

1Q13
38,052 m²
38,792 m²
35,471 m²
36,224 m²
32,989 m²
19,248 m²
11,135 m²
15,128 m²
42,153 m²
16,649 m²
14,411 m²
68,261 m²

2Q13
38,052 m²
38,347 m²
35,383 m²
36,225 m²
32,993 m²
19,248 m²
11,135 m²
15,128 m²
42,153 m²
16,686 m²
14,411 m²
68,212 m²

8,460 m²
39,025 m²

411,423 m²
4Q11
47,542 m²
46,775 m²
69,488 m²
55,085 m²
52,629 m²
21,413 m²
22,271 m²
50,429 m²
49,935 m²
17,253 m²
23,339 m²
68,212 m²
28,201 m²
39,020 m²

591,592 m²
4Q11
38,034 m²
35,629 m²
35,488 m²
36,225 m²
31,383 m²
19,272 m²
11,135 m²
15,129 m²
41,945 m²
16,645 m²
14,587 m²
68,212 m²
8,460 m²
39,020 m²

411,163 m²
4Q11
99.9%
99.9%
99.2%
99.7%
95.9%
99.6%
100.0%
99.8%
99.3%
99.7%
97.2%

16,921 m²
39,149 m²

16,921 m²
39,345 m²

17,018 m²
39,274 m²

420,054 m² 420,377 m² 420,051 m²

17,018
39,274
34,535
38,108
25,529





17,018
39,274
34,501
38,119
25,235





17,018
39,274
34,429
38,538
25,437





521,439 m²

522,661 m²

522,671 m²

3Q12
47,569 m²
46,614 m²
69,354 m²
55,087 m²
53,332 m²
21,386 m²
22,271 m²
50,437 m²
50,064 m²
17,253 m²
23,223 m²
68,212 m²
28,287 m²
39,192 m²

4Q12
47,568 m²
47,260 m²
69,368 m²
55,085 m²
53,289 m²
21,386 m²
22,271 m²
50,434 m²
50,092 m²
17,253 m²
23,165 m²
68,221 m²
28,306 m²
39,212 m²
34,535 m²
34,297 m²
25,529 m²

1Q13
47,565 m²
50,552 m²
69,500 m²
55,088 m²
53,448 m²
21,386 m²
22,271 m²
50,427 m²
50,178 m²
17,253 m²
23,014 m²
68,229 m²
28,363 m²
39,274 m²
34,570 m²
42,665 m²
25,239 m²

2Q13
47,565 m²
50,341 m²
69,309 m²
55,091 m²
53,455 m²
21,386 m²
22,271 m²
50,427 m²
50,182 m²
17,266 m²
23,057 m²
68,319 m²
28,363 m²
39,274 m²
34,477 m²
42,820 m²
25,654 m²

592,236 m² 592,351 m² 592,281 m²

687,271 m²

699,022 m²

699,257 m²

3Q12
38,055 m²
35,770 m²
35,414 m²
36,223 m²
31,627 m²
19,247 m²
11,135 m²
15,131 m²
42,054 m²
16,649 m²
14,514 m²
68,212 m²
16,972 m²
39,192 m²

4Q12
38,054 m²
36,243 m²
35,421 m²
36,221 m²
31,601 m²
19,247 m²
11,135 m²
15,130 m²
42,077 m²
16,649 m²
14,478 m²
68,221 m²
16,983 m²
39,212 m²
34,535 m²
30,867 m²
25,529 m²

1Q13
38,052 m²
38,792 m²
35,489 m²
36,223 m²
32,989 m²
19,248 m²
11,135 m²
15,128 m²
42,149 m²
16,649 m²
14,384 m²
68,229 m²
17,018 m²
39,274 m²
34,570 m²
38,399 m²
25,239 m²

2Q13
38,052 m²
38,630 m²
35,391 m²
36,225 m²
32,993 m²
19,248 m²
11,135 m²
15,128 m²
42,153 m²
16,662 m²
14,411 m²
68,319 m²
17,018 m²
39,274 m²
34,477 m²
38,538 m²
25,654 m²

420,026 m² 420,209 m² 420,197 m²

511,607 m²

522,967 m²

523,308 m²

4Q12
99.3%
99.1%
99.5%
96.6%
98.3%
99.3%
100.0%
99.9%
99.6%
99.2%
96.7%

1Q13
98.7%
99.0%
98.9%
96.1%
97.5%
99.2%
100.0%
99.8%
99.1%
99.2%
96.1%

2Q13
97.4%
99.2%
99.7%
96.1%
97.8%
98.7%
100.0%
99.6%
98.9%
99.4%
95.4%

1Q12
47,576 m²
46,685 m²
69,437 m²
55,085 m²
53,332 m²
21,386 m²
22,271 m²
50,429 m²
49,939 m²
17,253 m²
23,339 m²
68,212 m²
28,201 m²
39,093 m²

1Q12
38,061 m²
35,560 m²
35,461 m²
36,225 m²
31,802 m²
19,247 m²
11,135 m²
15,129 m²
41,949 m²
16,645 m²
14,587 m²
68,212 m²
16,921 m²
39,093 m²

1Q12
99.7%
99.8%
99.3%
99.5%
94.9%
99.1%
100.0%
99.8%
99.4%
99.7%
82.8%

2Q12
47,571 m²
46,649 m²
69,429 m²
55,086 m²
53,332 m²
21,386 m²
22,271 m²
50,428 m²
50,008 m²
17,253 m²
23,338 m²
68,212 m²
28,249 m²
39,139 m²

2Q12
38,057 m²
35,798 m²
35,452 m²
36,222 m²
31,627 m²
19,247 m²
11,135 m²
15,128 m²
42,007 m²
16,649 m²
14,586 m²
68,212 m²
16,949 m²
39,139 m²

2Q12
99.7%
99.8%
99.6%
99.4%
96.0%
99.3%
99.8%
99.9%
98.9%
99.5%
86.7%

3Q12
99.4%
99.5%
99.5%
97.6%
97.3%
99.6%
100.0%
99.9%
99.5%
99.6%
96.9%

98.8%
86.8%
90.3%

98.5%
83.8%
93.8%

99.1%
87.8%
95.5%

99.3%
90.1%
98.2%

99.3%
90.3%
99.6%
95.0%
96.2%
88.7%

99.1%
89.8%
98.3%
97.2%
94.0%
89.0%

96.5%
88.8%
98.2%
97.9%
98.6%
92.4%

98.0%

97.2%

97.8%

98.5%

98.1%

97.5%

97.6%

Dec-11
4Q11

Mar-12
1Q12

Jun-12
2Q12

Sep-12
3Q12

Dec-12
4Q12

Mar-13
1Q13

Jun-13
2Q13

4Q11

1Q12

2Q12

3Q12

4Q12

1Q13

2Q13

4Q11

1Q12

2Q12

3Q12

4Q12

1Q13

2Q13

4Q11

1Q12

2Q12

3Q12

4Q12

1Q13

2Q13

Sep-13
3Q13
47,684 m²
60,384 m²
69,280 m²
55,145 m²
53,458 m²
21,442 m²
22,271 m²
51,043 m²
50,182 m²
17,291 m²
23,057 m²
68,500 m²
28,363 m²
39,274 m²
34,430 m²
42,821 m²
25,985 m²
710,610 m²
3Q13
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%

Dec-13
Mar-14
4Q13
1Q14
47,161 m²
47,021 m²
68,656 m²
68,656 m²
69,329 m²
69,272 m²
54,978 m²
55,512 m²
53,458 m²
53,521 m²
21,386 m²
21,386 m²
22,271 m²
22,271 m²
51,005 m²
51,005 m²
50,300 m²
50,390 m²
17,287 m²
17,398 m²
23,057 m²
23,057 m²
69,117 m²
69,048 m²
28,371 m²
28,371 m²
39,274 m²
39,274 m²
34,542 m²
34,430 m²
42,819 m²
42,819 m²
25,977 m²
25,685 m²
37,580 m²
37,580 m²
756,567 m² 756,696 m²

Jun-14
2Q14
46,999 m²
68,656 m²
74,738 m²
55,512 m²
53,521 m²
21,386 m²
22,271 m²
51,005 m²
50,676 m²
17,398 m²
23,057 m²
69,058 m²
28,370 m²
39,274 m²
34,425 m²
42,819 m²
25,685 m²
37,578 m²
762,428 m²

Sep-14
3Q14
47,092 m²
68,656 m²
74,741 m²
55,512 m²
53,522 m²
21,386 m²
22,271 m²
51,005 m²
50,674 m²
17,398 m²
23,057 m²
69,058 m²
28,382 m²
39,274 m²
34,293 m²
42,819 m²
25,685 m²
37,618 m²
762,443 m²

Dec-14
4Q14
47,092 m²
68,656 m²
74,738 m²
55,512 m²
53,524 m²
21,386 m²
22,271 m²
51,005 m²
50,674 m²
17,774 m²
23,057 m²
73,107 m²
28,369 m²
39,274 m²
34,385 m²
42,819 m²
25,685 m²
37,540 m²
766,869 m²

Mar-15
1Q15
47,106 m²
68,658 m²
74,738 m²
55,512 m²
53,524 m²
21,386 m²
22,271 m²
51,750 m²
50,650 m²
17,999 m²
23,057 m²
73,126 m²
28,369 m²
39,274 m²
34,385 m²
42,819 m²
25,686 m²
37,540 m²
767,849 m²

75.1%

4Q13
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
74.0%

1Q14
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
73.9%

2Q14
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
73.8%

3Q14
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
73.8%

4Q14
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
73.8%

1Q15
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
73.8%

3Q13
38,147 m²
48,280 m²
35,376 m²
36,261 m²
32,995 m²
19,298 m²
11,135 m²
15,313 m²
42,153 m²
16,686 m²
14,411 m²
68,500 m²

4Q13
37,729 m²
54,925 m²
35,401 m²
36,151 m²
32,995 m²
19,248 m²
11,135 m²
15,302 m²
42,252 m²
16,682 m²
14,411 m²
69,117 m²

1Q14
37,616 m²
54,925 m²
35,372 m²
36,502 m²
33,034 m²
19,248 m²
11,135 m²
15,302 m²
42,327 m²
16,790 m²
14,411 m²
69,048 m²

2Q14
37,599 m²
54,925 m²
38,163 m²
36,502 m²
33,034 m²
19,247 m²
11,136 m²
15,302 m²
42,568 m²
16,789 m²
14,411 m²
69,058 m²

3Q14
37,674 m²
54,925 m²
38,165 m²
36,502 m²
33,034 m²
19,247 m²
11,136 m²
15,302 m²
42,566 m²
16,789 m²
14,411 m²
69,058 m²

4Q14
37,674 m²
54,925 m²
38,163 m²
36,502 m²
33,036 m²
19,247 m²
11,135 m²
15,301 m²
42,566 m²
17,152 m²
14,411 m²
73,107 m²

1Q15
37,685 m²
54,927 m²
38,163 m²
36,502 m²
33,036 m²
19,247 m²
11,135 m²
15,525 m²
42,546 m²
17,369 m²
14,411 m²
73,126 m²

17,018
39,274
34,430
38,539
25,985





533,801 m²
3Q13
47,605 m²
57,126 m²
69,280 m²
55,145 m²
53,458 m²
21,442 m²
22,271 m²
50,657 m²
50,200 m²
17,291 m²
23,057 m²
68,795 m²
28,363 m²
39,274 m²
34,429 m²
42,821 m²
26,005 m²
707,220 m²
3Q13
38,084 m²
45,676 m²
35,376 m²
36,261 m²
32,995 m²
19,298 m²
11,135 m²
15,197 m²
42,168 m²
16,686 m²
14,411 m²
68,795 m²
17,018 m²
39,274 m²
34,429 m²
38,539 m²
26,005 m²
531,346 m²
3Q13
98.0%
97.2%
99.5%
98.7%
97.7%
98.3%
100.0%
99.2%
98.9%
99.1%
95.2%

17,022 m²
17,022 m²
39,274 m²
39,274 m²
34,542 m²
34,430 m²
38,537 m²
38,537 m²
25,977 m²
25,685 m²
18,790 m²
18,790 m²
559,489 m² 559,448 m²

17,022 m²
39,274 m²
34,425 m²
38,537 m²
25,685 m²
18,789 m²
562,465 m²

17,029 m²
39,274 m²
34,293 m²
38,537 m²
25,685 m²
18,809 m²
562,435 m²

17,022 m²
39,274 m²
34,385 m²
38,537 m²
25,685 m²
18,770 m²
566,892 m²

17,022 m²
39,274 m²
34,385 m²
38,537 m²
25,686 m²
18,770 m²
567,344 m²

4Q13
1Q14
46,990 m²
47,059 m²
63,197 m²
68,657 m²
69,257 m²
69,272 m²
54,824 m²
55,512 m²
53,458 m²
53,518 m²
21,386 m²
21,386 m²
22,271 m²
22,271 m²
51,005 m²
51,005 m²
50,260 m²
50,351 m²
17,309 m²
17,324 m²
23,057 m²
23,057 m²
68,500 m²
69,049 m²
28,368 m²
28,371 m²
39,274 m²
39,274 m²
34,430 m²
34,430 m²
42,819 m²
42,819 m²
25,980 m²
25,687 m²
25,053 m²
37,578 m²
737,438 m² 756,619 m²

2Q14
46,999 m²
68,656 m²
71,094 m²
55,512 m²
53,592 m²
21,386 m²
22,271 m²
51,005 m²
50,485 m²
17,398 m²
23,057 m²
69,058 m²
28,370 m²
39,274 m²
34,428 m²
42,819 m²
25,685 m²
37,578 m²
758,668 m²

3Q14
47,092 m²
68,656 m²
74,741 m²
55,512 m²
53,522 m²
21,386 m²
22,271 m²
51,005 m²
50,674 m²
17,398 m²
23,057 m²
69,058 m²
28,382 m²
39,274 m²
34,293 m²
42,819 m²
25,685 m²
37,701 m²
762,526 m²

4Q14
47,092 m²
68,656 m²
74,739 m²
55,512 m²
53,509 m²
21,386 m²
22,271 m²
51,005 m²
50,674 m²
17,649 m²
23,057 m²
70,504 m²
28,492 m²
39,274 m²
34,389 m²
42,819 m²
25,685 m²
37,701 m²
764,413 m²

1Q15
47,097 m²
68,640 m²
74,759 m²
55,512 m²
53,524 m²
21,386 m²
22,271 m²
51,501 m²
50,650 m²
17,998 m²
23,057 m²
73,113 m²
28,369 m²
39,274 m²
34,385 m²
42,794 m²
25,685 m²
37,540 m²
767,554 m²

4Q13
1Q14
37,592 m²
37,647 m²
50,558 m²
54,925 m²
35,364 m²
35,372 m²
36,050 m²
36,502 m²
32,995 m²
33,032 m²
19,248 m²
19,248 m²
11,135 m²
11,135 m²
15,302 m²
15,302 m²
42,219 m²
42,295 m²
16,703 m²
16,718 m²
14,411 m²
14,411 m²
68,500 m²
69,049 m²
17,021 m²
17,022 m²
39,274 m²
39,274 m²
34,430 m²
34,430 m²
38,537 m²
38,537 m²
25,980 m²
25,687 m²
12,527 m²
18,789 m²
547,843 m² 559,375 m²

2Q14
37,599 m²
54,925 m²
36,302 m²
36,502 m²
33,078 m²
19,248 m²
11,135 m²
15,302 m²
42,407 m²
16,790 m²
14,411 m²
69,058 m²
17,022 m²
39,274 m²
34,428 m²
38,537 m²
25,685 m²
18,789 m²
560,492 m²

3Q14
37,674 m²
54,925 m²
38,165 m²
36,502 m²
33,034 m²
19,247 m²
11,136 m²
15,302 m²
42,566 m²
16,789 m²
14,411 m²
69,058 m²
17,029 m²
39,274 m²
34,293 m²
38,537 m²
25,685 m²
18,851 m²
562,477 m²

4Q14
37,674 m²
54,925 m²
38,164 m²
36,502 m²
33,026 m²
19,247 m²
11,135 m²
15,301 m²
42,566 m²
17,031 m²
14,411 m²
70,504 m²
17,095 m²
39,274 m²
34,389 m²
38,537 m²
25,685 m²
18,850 m²
564,318 m²

1Q15
37,678 m²
54,912 m²
38,174 m²
36,502 m²
33,036 m²
19,247 m²
11,135 m²
15,450 m²
42,546 m²
17,368 m²
14,411 m²
73,113 m²
17,022 m²
39,274 m²
34,385 m²
38,515 m²
25,685 m²
18,770 m²
567,221 m²

2Q14
99.3%
97.1%
99.9%
99.9%
98.9%
100.0%
100.0%
99.5%
99.0%
99.8%
94.9%

3Q14
99.7%
98.3%
99.7%
99.9%
99.7%
100.0%
100.0%
99.4%
99.4%
99.9%
95.7%

4Q14
99.7%
99.7%
99.7%
99.5%
99.6%
99.9%
100.0%
98.8%
100.0%
100.0%
95.7%

1Q15
99.3%
99.3%
99.9%
99.5%
98.8%
99.3%
100.0%
98.7%
99.7%
100.0%
95.8%

4Q13
99.2%
98.9%
99.9%
99.9%
98.2%
99.7%
100.0%
98.8%
99.8%
98.0%
96.0%

1Q14
99.2%
96.3%
100.0%
99.8%
99.2%
99.1%
100.0%
99.9%
99.2%
100.0%
96.6%

97.9%
90.4%
98.6%
98.4%
98.7%
99.0%

98.3%
95.0%
99.4%
96.6%
97.9%
98.9%
95.0%
98.6%

98.3%
96.7%
99.2%
95.1%
97.7%
99.7%
96.0%
98.5%

99.5%
96.7%
98.3%
96.6%
97.9%
99.6%
95.9%
98.4%

99.4%
96.8%
98.0%
98.3%
97.0%
99.7%
95.9%
98.8%

99.7%
98.0%
98.9%
98.5%
96.2%
99.7%
96.2%
99.0%

99.7%
95.6%
99.2%
98.2%
94.0%
99.8%
94.7%
98.6%

Sep-13
3Q13

Dec-13
4Q13
74,198 m²

Mar-14
1Q14
74,198 m²

Jun-14
2Q14
74,198 m²

Sep-14
3Q14
74,198 m²

Dec-14
4Q14
74,198 m²

Mar-15
1Q15
74,198 m²
13,360 m²

3Q13

4Q13
100.0%

1Q14
100.0%

2Q14
100.0%

3Q14
100.0%

4Q14
100.0%

1Q15
100.0%
50.0%

3Q13

4Q13
74,198 m²

1Q14
74,198 m²

2Q14
74,198 m²

3Q14
74,198 m²

4Q14
74,198 m²

1Q15
74,198 m²
6,680 m²

3Q13

4Q13
48.0%

1Q14
48.0%

2Q14
61.2%

3Q14
67.0%

4Q14
67.0%

1Q15
74.0%
8.0%

98.1%

Jun-15
2Q15
47,110 m²
68,598 m²
74,714 m²
56,155 m²
53,524 m²
21,386 m²
22,271 m²
51,750 m²
50,650 m²
17,558 m²
23,057 m²
73,104 m²
28,369 m²
39,253 m²
34,385 m²
42,819 m²
25,686 m²
37,540 m²
767,927 m²

Sep-15
3Q15
47,110 m²
68,553 m²
74,714 m²
56,102 m²
53,524 m²
21,386 m²
22,271 m²
51,830 m²
50,674 m²
19,191 m²
23,057 m²
73,038 m²
28,369 m²
39,253 m²
34,385 m²
42,819 m²
25,686 m²
37,540 m²
769,502 m²

Dec-15
4Q15
47,138 m²
68,658 m²
74,713 m²
56,102 m²
53,524 m²
21,386 m²
22,257 m²
51,750 m²
51,407 m²
19,191 m²
23,057 m²
73,034 m²
28,370 m²
39,253 m²
34,385 m²
42,819 m²
25,686 m²
37,540 m²
770,270 m²

2Q15
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
73.8%

3Q15
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
73.8%

4Q15
80.0%
80.0%
51.1%
65.8%
61.7%
90.0%
50.0%
30.0%
84.0%
96.5%
62.5%
100.0%
60.0%
100.0%
100.0%
90.0%
100.0%
50.0%
73.8%

2Q15
37,688 m²
54,878 m²
38,151 m²
36,925 m²
33,036 m²
19,247 m²
11,135 m²
15,525 m²
42,546 m²
16,944 m²
14,411 m²
73,104 m²

3Q15
37,688 m²
54,843 m²
38,151 m²
36,890 m²
33,036 m²
19,247 m²
11,135 m²
15,549 m²
42,566 m²
18,520 m²
14,411 m²
73,038 m²

4Q15
37,711 m²
54,927 m²
38,178 m²
36,915 m²
33,025 m²
19,247 m²
11,129 m²
15,525 m²
43,182 m²
18,520 m²
14,411 m²
73,034 m²

17,022 m²
39,253 m²
34,385 m²
38,537 m²
25,686 m²
18,770 m²
567,241 m²

17,022 m²
39,253 m²
34,385 m²
38,537 m²
25,686 m²
18,770 m²
568,726 m²

17,022 m²
39,253 m²
34,385 m²
38,537 m²
25,686 m²
18,770 m²
569,454 m²

2Q15
47,107 m²
68,598 m²
74,714 m²
56,154 m²
53,524 m²
21,386 m²
22,271 m²
51,391 m²
50,650 m²
17,546 m²
23,057 m²
73,104 m²
28,369 m²
39,253 m²
34,385 m²
42,819 m²
25,686 m²
37,540 m²
767,554 m²

3Q15
47,110 m²
68,658 m²
74,714 m²
56,102 m²
53,524 m²
21,386 m²
22,271 m²
51,725 m²
50,578 m²
18,040 m²
23,057 m²
73,060 m²
28,369 m²
39,266 m²
34,385 m²
42,819 m²
25,686 m²
37,540 m²
768,290 m²

4Q15
47,138 m²
68,611 m²
74,713 m²
56,102 m²
53,524 m²
21,386 m²
22,257 m²
51,750 m²
51,784 m²
19,191 m²
23,057 m²
73,034 m²
28,370 m²
39,253 m²
34,385 m²
42,819 m²
25,628 m²
37,540 m²
770,542 m²

2Q15
37,686 m²
54,878 m²
38,151 m²
36,925 m²
33,036 m²
19,247 m²
11,135 m²
15,417 m²
42,546 m²
16,932 m²
14,411 m²
73,104 m²
17,022 m²
39,253 m²
34,385 m²
38,537 m²
25,686 m²
18,770 m²
567,119 m²

3Q15
37,688 m²
54,927 m²
38,151 m²
36,890 m²
33,036 m²
19,247 m²
11,135 m²
15,518 m²
42,485 m²
17,409 m²
14,411 m²
73,060 m²
17,022 m²
39,266 m²
34,385 m²
38,537 m²
25,686 m²
18,770 m²
567,622 m²

4Q15
37,711 m²
54,889 m²
38,178 m²
36,915 m²
33,024 m²
19,247 m²
11,129 m²
15,525 m²
43,499 m²
18,520 m²
14,411 m²
73,034 m²
17,022 m²
39,253 m²
34,385 m²
38,537 m²
25,628 m²
18,770 m²
569,676 m²

2Q15
99.5%
99.5%
100.0%
99.3%
98.7%
99.8%
100.0%
97.9%
99.8%
97.9%
95.6%

3Q15
98.3%
99.5%
99.8%
99.9%
99.0%
99.7%
100.0%
96.3%
99.5%
97.0%
93.0%

4Q15
98.1%
98.9%
100.0%
99.4%
99.2%
100.0%
100.0%
97.7%
98.3%
98.4%
92.0%

99.7%
94.4%
99.3%
97.8%
94.0%
98.7%
97.3%
98.4%

99.3%
92.4%
98.3%
97.3%
93.6%
95.8%
99.4%
98.1%

99.4%
91.8%
97.8%
96.6%
94.5%
95.8%
99.2%
98.0%

Jun-15
2Q15
74,198 m²
13,360 m²

Sep-15
3Q15
74,198 m²
13,360 m²

Dec-15
4Q15
74,198 m²
13,360 m²

2Q15
100.0%
50.0%

3Q15
100.0%
50.0%

4Q15
100.0%
50.0%

2Q15
74,198 m²
6,680 m²

3Q15
74,198 m²
6,680 m²

4Q15
74,198 m²
6,680 m²

2Q15
90.0%
20.8%

3Q15
90.0%
18.2%

4Q15
90.5%

Profit & Loss
Rental revenue
Services
Key Money
Parking
Sales of properties
Straight line effect
Other
Gross Revenue
Taxes and contributions on sales and services
Net Revenue
Headquarters
Stock-option-based remuneration expenses
Non-recurring expenses (IPO)
Shopping Malls
Office towers for lease expenses
New projects for lease expenses
New projects for sale expenses
Parking
Cost of properties sold
Equity in earnings of afiliates
Amortization
Financial Revenue
Financial Expenses
Non-recurring financial expenses
Depreciation
Other Operating income/expenses
Operational Income
Non-Operating Income
Income before taxes and social contribution
Tax Income and Social Contribution
Diferred income and social contribution taxes
Minority interest
Net Income

1Q06
29,557
10,987
2,069
1,690
5,718

2Q06
47,994
13,740
3,402
2,362
2,062

3Q06
44,269
11,657
3,353
2,288
5,206

63
50,084
(4,352)
45,732
(15,995)
(4,967)
(4,286)

2
69,562
(5,469)
64,093
(17,316)
###
(5,337)
(9,207)

66,773
(5,461)
61,313
(19,199)
(3,548)
(7,551)

(2,936)
(575)
(5,783)
3,443
(2,662)
(5,968)
(3,794)
(891)
1,317
571
1,888
(5,291)
2,627
(4,281)
(5,056)

###
(1,366)
1,278
(21,375)
2,725
(5,248)
(24,562)
(4,582)
260
(20,636)
1,124
(19,512)
(5,909)
(3,453)
(1,746)
(30,620)

(2,738)
(1,405)
(28,694)
2,781
(2,057)
(4,170)
613
(4,655)
(744)
(5,399)
(1,816)
(1,140)
(8,355)

Net Income
(5,056)
(30,620)
Net margin
-11.1%
-47.8%
Adjusted Net Income
11,663
20,654
Adjusted Net margin
25.5%
32.2%
FFO
15,457
25,236
Adjusted FFO margin
33.8%
39.4%
Property EBITDA*
10,801
7,669
Property EBITDA margin
26.7%
12.3%
Consolidated EBITDA
10,684
8,967
Consolidated EBITDA margin
23.4%
14.0%
Adjusted Consolidated EBITDA
21,620
38,866
Adjusted Consolidated EBITDA Margin
47.3%
60.6%
NOI + Key Money
29,030
44,551
NOI + Key Money Margin
87.1%
82.9%
NOI
26,961
41,149
NOI Margin
86.3%
81.7%
* Does not consider Real Estate for sale activities (revenues, taxes, costs and expenses)
Efeito ABL
Total GLA
368,220 m²
368,432 m²
Own GLA
209,376 m²
209,484 m²
Total GLA (avg.)
354,013 m²
353,948 m²

(8,355)
-13.6%
23,887
39.0%
28,057
45.8%
27,600
48.8%
26,741
43.6%
30,289
49.4%
42,358
84.9%
39,006
83.8%
and expenses related to fut
368,269 m²
209,312 m²
353,959 m²

Own GLA (avg.)
Adjusted Total GLA (avg.)
Adjusted Own GLA (avg.)

202,287 m²
354,013 m²
202,287 m²

202,241 m²
353,948 m²
202,241 m²

202,217 m²
353,959 m²
202,217 m²

BarraShoppingSul (BIG)

0 m²

0 m²

0 m²

Multiplan interest
BarraShoppingSul (BIG)
RibeirãoShopping (additional 20%)
Pátio Savassi

0 m²
0 m²
0 m²

0 m²
0 m²
0 m²

0 m²
0 m²
0 m²

Considerations:
In order to calculate the índex R$/sq.m
1. Do not consider the BIG´s GLA
2. Do not consider the additional interest in RibeirãoShopping (20%) – dec/2006
3. Do not consider Patio Savassi Shopping Center´ GLA

The full amount of the stock option compensation line for the year 2008 was recorded into 4Q08 figures. The full 20

This Line was adjusted so it could be compared to 2Q09 results. This adjustment results from the application of CPC
Numbers were adjusted in order to be adpated to the new project line

Starting in 1Q10, Multiplan presents its parking revenue net of expenses, that is, after deducting transfers, to impro
Numbers were presented in accordance to new accounting principles

4Q06
71,259
8,360
4,782
3,082
2,585

1Q07
52,453
10,873
4,567
4,025
5,175

2Q07
54,368
12,116
4,859
9,723
5,188

3Q07
55,572
12,942
4,385
11,637
8,545

4Q07
77,001
16,401
5,091
13,333
154

1Q08
60,564
11,254
4,764
12,724
-

2Q08
68,772
21,716
8,717
14,779
-

90,068
(8,236)
81,833
(15,014)
(6,229)
(11,826)

0
77,093
(6,729)
70,364
(9,666)
(8,942)

86,254
(7,490)
78,764
(15,620)
(1,361)
(10,309)

(0)
93,081
(7,986)
85,095
(13,069)
###
(11,983)
(13,583)

384
112,364
(10,194)
102,170
(17,551)
(14,032)

33
89,339
(8,447)
80,892
(11,671)
(318)
(14,633)

0
113,984
(9,878)
104,107
(27,539)
(318)
(11,972)

(86)

(644)

(6,500)
2,603
(31,428)
15,622
(7,932)
(7,584)
623
19,587
19,587
(770)
(5,710)
(145)
12,962

(6,600)
2,120
(31,477)
9,503
(9,468)
(8,248)
(54)
19,410
19,410
(723)
(5,775)
(172)
12,739

(1,658)
(826)
(27,594)
2,570
(4,630)
(4,965)
522
12,182
(2)
12,180
(603)
1,150
(886)
11,841

(1,463)
(2,998)
1,577
(28,177)
1,367
(5,745)
(5,172)
670
11,816
1,005
12,821
(2,297)
(194)
26
10,356

11,841
14.5%
45,664
55.8%
50,629
61.9%
47,366
59.6%
46,800
57.2%
53,029
64.8%
67,298
85.1%
62,516
84.1%
and expenses related to future
373,480 m²
214,525 m²
357,671 m²

(5,061)
(2,971)
596
(28,177)
1,697
(6,139)
(5,285)
88
6,222
(22)
6,200
616
(120)
(21)
6,675

10,356
14.7%
38,532
54.8%
43,704
62.1%
47,893
73.0%
50,547
71.8%
50,547
71.8%
50,640
83.0%
46,073
81.6%
development.

373,464 m²
238,883 m²
374,618 m²

(6,209)
(5,012)
1,660
(30,022)
8,835
(5,771)
(23,700)
(5,993)
53
(19,698)
0
(19,698)
842
(6,412)
(81)
(25,348)

6,675
8.5%
36,214
46.0%
41,498
52.7%
42,681
57.7%
44,103
56.0%
45,464
57.7%
53,580
77.7%
48,721
76.0%
Headquarters

393,615 m²
255,927 m²
377,217 m²

(6,437)
(1,638)
4,194
(31,884)
11,570
(4,595)
(7,263)
434
34,968
74
35,042
(975)
(4,504)
(88)
29,474

(25,348)
-29.8%
40,357
47.4%
46,350
54.5%
9,992
12.9%
13,253
15.6%
48,936
57.5%
51,803
72.4%
47,418
70.6%
expenses and

392,279 m²
252,147 m²
377,588 m²

29,474
12,962
28.8%
16.0%
61,358
50,101
60.1%
61.9%
68,621
57,685
67.2%
71.3%
64,541
48,393
63.3%
59.8%
67,213
50,910
65.8%
62.9%
67,213
50,910
65.8%
62.9%
74,955
56,919
78.5%
72.9%
69,865
52,155
77.3%
71.2%
stock options as proportional

392,279 m²
257,369 m²
377,884 m²

392,015 m²
257,063 m²
377,981 m²

12,739
12.2%
49,991
48.0%
58,239
55.9%
57,624
55.4%
59,100
56.8%
59,100
56.8%
73,697
79.9%
64,979
77.8%
to the shopping centers reve

416,416 m²
266,314 m²
393,900 m²

206,532 m² 224,488 m²
357,671 m² 374,618 m²
206,532 m² 216,662 m²

239,855 m² 237,563 m² 242,972 m² 242,963 m² 248,827 m²
377,217 m² 377,588 m² 377,884 m² 377,981 m² 393,900 m²
219,001 m² 229,738 m² 235,135 m² 235,126 m² 248,827 m²

0 m²

0 m²

0 m²

0 m²

0 m²

0 m²

0 m²

0 m²
0 m²
0 m²

0 m²
7,826 m²
0 m²

0 m²
7,826 m²
13,028 m²

0 m²
7,826 m²
0 m²

0 m²
7,838 m²
0 m²

0 m²
7,838 m²
0 m²

0 m²

to 4Q08 figures. The full 2008 expense of R$1.3 million was equally divided by the four quarters of the year, for comparison

from the application of CPC pronouncement No. 2, as required by CVM Rule No. 534 of January 29, 2008.

educting transfers, to improve the accounting practices and converging with market standards.

3Q08
67,994
18,604
3,606
18,989
2,268

4Q08
97,923
14,521
4,155
21,016
513

111,461
(10,363)
101,098
(20,119)
(318)
(11,132)

(0)
138,129
(12,995)
125,134
(19,791)
(318)
(11,979)

(2,279)

(4,322)

(7,828)
(884)
(1,640)
(31,337)
6,863
(5,117)
(7,732)
221
19,797
(65)
19,732
(4,086)
(6,359)
(201)
9,086

(8,992)
(267)
526
(30,469)
2,311
(8,237)
(7,846)
172
35,922
35,922
(7,221)
10,764
(248)
39,216

1Q09
79,389
15,389
5,168
10,540
426
110,913
(9,972)
100,941
(18,885)
(510)
(16,152)
(182)
(41)
(233)
(6,198)
4,362
(9,745)
(8,605)
1,265
46,017
46,017
(1,286)
407
(228)
44,911

2Q09
81,499
18,108
6,034
12,807
882

3Q09
81,759
22,005
8,108
13,860
3,458

87
119,417
(12,348)
107,069
(24,657)
(807)
(13,001)

603
129,793
(13,166)
116,627
(18,695)
(1,051)
(17,013)

(2,289)
(131)
(481)
(3,354)
5,063
(10,706)

(4,271)
(143)
(3,298)
(5,904)
6,884
(9,752)

(8,913)
1,093
48,886
48,886
(2,254)
(76)
(228)
46,327

9,086
39,216
44,911
46,327
9.0%
31.3%
44.5%
43.3%
46,782
58,922
44,504
46,403
46.3%
47.1%
44.1%
43.3%
54,514
66,768
53,109
55,316
53.9%
53.4%
52.6%
51.7%
60,216
83,835
66,346
69,094
60.8%
67.2%
66.0%
65.0%
57,055
80,163
60,005
63,442
56.4%
64.1%
59.4%
59.3%
57,055
80,163
60,005
63,442
56.4%
64.1%
59.4%
59.3%
71,629
102,123
78,946
87,339
79.1%
83.0%
83.0%
87.0%
68,023
97,968
73,778
81,305
78.2%
82.4%
82.0%
86.2%
onal to the shopping centers revenues as a percentage of gross revenue.
416,928 m²
266,759 m²
402,522 m²

484,373 m²
330,308 m²
460,410 m²

484,894 m²
330,786 m²
484,888 m²

484,873 m²
330,833 m²
484,925 m²

4Q09
117,533
17,870
7,680
17,752
7,102
6,000
308
174,245
(16,148)
158,097
(25,945)
(1,047)
(15,612)

1Q10
90,020
14,709
11,179
15,995
9,016
9,031
15
149,964
(13,585)
136,380
(20,068)
(1,164)
(15,318)

(8,684)
19,822
74,522
74,522
(10,762)
(22,992)
89
40,857

(11,445)
(770)
(4,527)
(4,576)
0
19,964
(11,183)
(9,549)
258
93,665
93,665
(11,982)
(50,815)
377
31,245

(6,362)
(264)
(5,094)
(3,954)
20,346
(11,208)
(10,537)
1,136
83,894
83,894
(1,414)
(32,219)
(2,764)
47,497

40,857
35.0%
63,849
54.7%
72,533
62.2%
97,109
85.5%
86,074
73.8%
86,074
73.8%
86,714
83.6%
78,606
82.2%

31,245
19.8%
82,060
51.9%
91,609
57.9%
110,407
72.8%
94,433
59.7%
94,433
59.7%
133,353
89.5%
125,673
88.9%

47,497
34.8%
79,716
58.5%
90,253
66.2%
94,044
73.4%
85,292
62.5%
85,292
62.5%
110,907
87.9%
99,728
86.7%

497,248 m²
334,298 m²
494,769 m²

533,741 m²
347,985 m²
523,405 m²

532,773 m²
347,640 m²
530,218 m²

252,350 m² 307,759 m²
402,522 m² 446,010 m²
252,350 m² 293,359 m²

330,778 m²
470,488 m²
316,378 m²

330,858 m²
470,525 m²
316,458 m²

333,486 m²
480,369 m²
319,086 m²

344,890 m²
509,005 m²
330,490 m²

346,843 m²
515,818 m²
332,443 m²

0 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

0 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

he year, for comparison

2Q10
94,254
21,077
6,350
15,505
12,240
6,412
1,534
157,373
(14,277)
143,096
(25,324)
(1,380)
(16,263)

3Q10
93,765
18,347
8,384
16,825
13,719
8,319
591
159,950
(13,438)
146,512
(24,744)
(1,382)
(14,990)

4Q10
138,075
18,793
9,328
21,179
26,453
(18,658)
167
195,337
(16,949)
178,388
(22,962)
(1,749)
(19,313)

1Q11
105,476
19,068
9,162
18,553
13,592
6,974
328
173,153
(15,340)
157,813
(21,626)
(1,345)
(15,433)

2Q11
108,425
21,344
10,045
19,046
8,468
6,783
394
174,505
(15,823)
158,682
(20,071)
(2,164)
(17,243)

3Q11
111,301
23,644
9,802
19,775
10,515
6,050
731
181,818
(16,160)
165,658
(20,955)
(2,040)
(15,378)

4Q11
161,053
18,268
10,123
24,687
16,819
(19,004)
802
212,748
(18,649)
194,099
(25,717)
(2,112)
(10,219)

(10,685)
(507)
(7,283)
(997)
21,996
(11,564)
(10,460)
266
80,894
80,894
(1,500)
(25,189)
(2,021)
52,184

(13,145)
(795)
(7,420)
1,777
24,567
(9,208)
(10,755)
(12,801)
77,616
77,616
(1,676)
(27,001)
(2,584)
46,355

(8,882)
(2,796)
(12,498)
(337)
22,214
(13,600)
(12,862)
1,119
106,722
106,722
(10,382)
(20,746)
(3,246)
72,348

(3,445)
(1,202)
(13,992)
604
24,897
(13,340)
(14,317)
1,468
100,082
100,082
(8,605)
(25,017)
(2,738)
63,722

(3,296)
(1,273)
(9,390)
778
21,808
(14,194)
(14,941)
1,125
99,821
99,821
(31,949)
(4,798)
(2,002)
61,072

(2,537)
(4,497)
(9,852)
141
18,406
(9,593)
(15,134)
1,020
105,239
105,239
(17,313)
(19,329)
(3,329)
65,268

(2,951)
(8,915)
(11,516)
620
22,085
(18,510)
(15,989)
441
121,316
121,316
(2,801)
(7,727)
(2,674)
108,114

52,184
36.5%
77,373
54.1%
87,833
61.4%
91,341
69.2%
80,922
56.6%
80,922
56.6%
106,257
86.7%
99,907
86.0%

46,355
31.6%
73,356
50.1%
84,111
57.4%
82,269
61.4%
73,012
49.8%
73,012
49.8%
112,303
88.2%
103,919
87.4%

72,348
40.6%
93,094
52.2%
105,956
59.4%
114,672
74.4%
110,970
62.2%
110,970
62.2%
130,611
87.1%
121,283
86.3%

63,722
40.4%
88,739
56.2%
103,056
65.3%
110,292
75.8%
102,842
65.2%
102,842
65.2%
124,732
89.0%
115,570
88.2%

61,072
38.5%
65,870
41.5%
80,811
50.9%
113,708
75.3%
107,148
67.5%
107,148
67.5%
127,056
88.1%
117,011
87.2%

65,268
39.4%
84,597
51.1%
99,731
60.2%
120,054
76.9%
111,560
67.3%
111,560
67.3%
131,550
89.5%
121,748
88.8%

108,114
55.7%
115,841
59.7%
131,830
67.9%
143,347
80.2%
133,730
68.9%
133,730
68.9%
166,640
94.2%
156,517
93.9%

532,902 m²
347,757 m²
530,353 m²

544,703 m²
359,921 m²
537,063 m²

551,830 m²
371,640 m²
550,645 m²

551,368 m²
371,548 m²
551,481 m²

551,592 m²
371,601 m²
551,482 m²

551,759 m²
371,730 m²
551,759 m²

592,048 m²
411,423 m²
591,592 m²

346,974 m²
515,953 m²
332,574 m²

353,708 m²
522,663 m²
339,308 m²

371,285 m²
536,245 m²
356,885 m²

371,555 m²
537,081 m²
357,155 m²

371,576 m²
537,082 m²
357,176 m²

371,730 m²
537,359 m²
357,330 m²

411,163 m²
577,192 m²
396,763 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

1Q12
121,975
20,447
8,907
22,418
166,054
6,114
111
346,026
(22,677)
323,349
(25,561)
(2,101)
(18,360)

2Q12
126,883
26,592
9,540
25,213
15,583
6,699
1,069
211,579
(19,802)
191,777
(21,170)
(2,782)
(20,718)

3Q12
124,240
22,920
8,773
25,580
35,521
6,119
538
223,691
(18,329)
205,362
(29,173)
(2,324)
(12,423)

4Q12
188,846
28,417
10,624
32,137
10,311
(4,247)
588
266,676
(25,291)
241,385
(23,990)
(2,324)
(23,624)

1Q13
154,436
24,827
12,802
30,196
14,111
9,546
5
245,923
(22,377)
223,546
(19,860)
(2,324)
(24,897)

2Q13
153,123
27,234
14,164
30,902
26,612
9,027
1,778
262,840
(25,417)
237,423
(32,123)
(2,439)
(34,386)

(2,343)
(5,982)
(80,165)
1,064
20,085
(27,193)
(17,263)
817
166,347
166,347
(22,079)
(18,528)
(1,248)
124,492

(11,207)
(3,375)
(12,929)
(214)
17,822
(23,926)
(17,656)
1,041
96,663
96,663
(20,423)
(13,118)
(19)
63,103

(7,013)
(4,216)
(18,421)
72
10,895
(19,125)
(17,721)
1,349
107,262
107,262
(22,371)
(12,862)
(17)
72,012

(12,795)
(2,069)
(8,516)
1,951
10,104
(30,208)
(22,100)
1,390
129,204
129,204
7,608
(8,340)
(23)
128,449

(4,371)
(2,509)
(11,841)
(450)
9,665
(40,038)
(28,104)
1,993
100,810
100,810
(26,938)
(3,443)
(7)
70,422

(1,192)
(3,090)
(17,186)
(235)
13,777
(41,465)
(29,295)
2,179
91,968
91,968
(11,832)
(9,783)
(9)
70,344

124,492
38.5%
143,020
44.2%
160,283
49.6%
136,247
81.0%
190,718
59.0%
190,718
59.0%
141,054
88.5%
132,147
87.8%

63,103
32.9%
76,221
39.7%
93,877
49.0%
135,788
76.4%
120,423
62.8%
120,423
62.8%
147,617
87.7%
138,077
87.0%

72,012
35.1%
84,874
41.3%
102,595
50.0%
135,182
78.3%
133,213
64.9%
133,213
64.9%
152,289
92.5%
143,516
92.0%

128,449
53.2%
136,789
56.7%
158,889
65.8%
184,521
79.5%
171,408
71.0%
171,408
71.0%
203,736
89.6%
193,112
89.1%

70,422
31.5%
73,865
33.0%
101,969
45.6%
166,904
79.2%
159,287
71.3%
159,287
71.3%
182,083
88.0%
169,281
87.2%

70,344
29.6%
80,127
33.7%
109,422
46.1%
150,115
70.3%
148,951
62.7%
148,951
62.7%
172,830
83.4%
158,666
82.2%

592,251 m²
420,054 m²
592,236 m²

592,489 m²
420,377 m²
592,351 m²

591,945 m²
420,051 m²
592,281 m²

698,634 m²
521,439 m²
687,271 m²

698,685 m²
522,661 m²
699,022 m²

698,528 m²
522,671 m²
699,257 m²

420,026 m²
577,836 m²
405,626 m²

420,209 m²
577,951 m²
405,809 m²

420,197 m²
577,881 m²
405,797 m²

511,607 m²
672,871 m²
497,207 m²

522,967 m²
684,622 m²
508,567 m²

523,308 m²
684,857 m²
508,908 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

3Q13
154,802
26,001
12,960
32,530
30,946
12,042
1,472
270,753
(22,103)
248,650
(27,842)
(3,062)
(26,849)

4Q13
216,686
27,085
12,935
37,977
25,461
(25,435)
333
295,042
(26,447)
268,595
(28,200)
(3,209)
(38,443)
(13,726)
(3,767)
(16,213)
(331)
12,770
(48,495)
(36,164)
(25,869)
66,948
66,948
(14,369)
4,583
(14)
57,148

1Q14
167,921
32,187
10,256
35,416
25,853
11,411
907
283,952
(26,703)
257,249
(24,495)
(3,085)
(25,544)
(3,430)
(6,334)
(3,713)
(15,459)
11,009
9,527
(49,495)
(39,292)
10,364
117,300
117,300
(28,021)
(6,974)
(20)
82,286

2Q14
186,249
27,548
9,495
38,633
28,543
6,599
1,201
298,268
(25,794)
272,474
(31,587)
(3,540)
(24,841)
(2,540)
(2,493)
(2,288)
(17,919)
406
9,451
(48,781)
(40,059)
(622)
107,662
107,662
(3,794)
(10,470)
(23)
93,375

3Q14
184,446
30,025
9,771
37,872
30,414
13,734
1,011
307,274
(29,117)
278,158
(29,534)
(4,045)
(26,905)
(3,754)
(2,372)
(1,983)
(17,875)
(716)
8,174
(50,555)
(41,996)
(4,680)
101,916
101,916
(26,749)
(6,995)
25
68,198

4Q14
262,723
29,309
7,313
45,649
32,508
(22,517)
491
355,476
(32,978)
322,497
(31,335)
(4,008)
(29,267)
(5,712)
(1,950)
(823)
(20,110)
(241)
13,518
(56,812)
(40,218)
(5,237)
140,304
140,304
(17,308)
1,175
33
124,204

1Q15
194,216
27,617
7,895
42,492
11,286
8,690
764
292,961
(28,259)
264,702
(25,664)
(3,930)
(22,958)
(3,230)
(1,754)
(652)
(8,334)
1
11,211
(56,161)
(39,196)
(4,482)
109,555
109,555
(34,037)
(5,906)
(18)
69,593

(3,900)
(3,255)
(19,672)
483
13,789
(32,667)
(31,365)
(935)
113,375
113,375
(18,687)
(8,010)
(9)
86,669
86,669
34.9%
94,679
38.1%
126,044
50.7%
165,074
75.0%
163,618
65.8%
163,618
65.8%
185,485
87.4%
172,525
86.5%

57,148
21.3%
52,565
19.6%
88,729
33.0%
152,406
62.1%
138,837
51.7%
138,837
51.7%
203,720
84.1%
190,785
83.2%

82,286
32.0%
89,259
34.7%
128,551
50.0%
190,148
81.3%
196,560
76.4%
196,560
76.4%
196,031
87.1%
185,774
86.5%

93,375
34.3%
103,845
38.1%
143,904
52.8%
186,632
75.7%
187,050
68.6%
187,050
68.6%
213,596
88.6%
204,101
88.2%

68,198
24.5%
75,193
27.0%
117,189
42.1%
185,030
73.8%
186,293
67.0%
186,293
67.0%
215,164
87.5%
205,393
87.0%

124,204
38.5%
123,030
38.1%
163,247
50.6%
220,679
75.3%
223,815
69.4%
223,815
69.4%
258,189
88.1%
250,876
87.8%

69,593
26.3%
75,499
28.5%
114,695
43.3%
195,382
76.8%
193,700
73.2%
193,700
73.2%
227,106
89.7%
219,211
89.3%

710,610 m²
533,801 m²
707,220 m²

756,567 m²
559,489 m²
737,438 m²

756,696 m²
559,448 m²
756,619 m²

762,428 m²
562,465 m²
758,668 m²

762,443 m²
562,435 m²
762,526 m²

766,869 m²
566,892 m²
764,413 m²

767,849 m²
567,344 m²
767,554 m²

531,346 m²
692,820 m²
516,946 m²

547,843 m²
723,038 m²
533,443 m²

559,375 m²
742,219 m²
544,975 m²

560,492 m²
744,268 m²
546,092 m²

562,477 m²
748,126 m²
548,077 m²

564,318 m²
748,761 m²
548,665 m²

567,221 m²
749,396 m²
549,063 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

15,653 m²

18,158 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

14,400 m²

15,653 m²

18,158 m²

2Q15
201,142
25,714
5,880
43,175
1,655
8,551
882
287,000
(28,530)
258,470
(32,838)
(3,022)
(22,047)
(3,556)
(5,402)
(1,295)
(4,190)
20
14,976
(57,993)
(39,294)
(123)
103,706
103,706
(4,664)
(2,803)
94
96,333

3Q15
199,761
29,327
6,873
41,400
4,452
7,533
2,345
291,691
(29,018)
262,673
(32,640)
(2,861)
(28,393)
(1,263)
(4,747)
(1,230)
(4,332)
4
11,948
(63,473)
(39,650)
(5,030)
91,006
91,006
(28,437)
(4,139)
127
58,556

4Q15
266,527
27,777
4,266
49,690
1,467
(16,858)
718
333,586
(34,005)
299,581
(33,422)
(2,982)
(27,654)
(2,401)
(2,894)
(1,028)
(2,098)
(27)
18,118
(65,766)
(39,505)
184
140,106
140,106
(4,416)
1,989
24
137,703

96,333
37.3%
99,136
38.4%
138,431
53.6%
195,600
76.1%
186,018
72.0%
186,018
72.0%
233,145
90.1%
227,265
89.9%

58,556
22.3%
62,695
23.9%
102,345
39.0%
189,018
73.1%
182,179
69.4%
182,179
69.4%
225,911
88.4%
219,038
88.1%

137,703
46.0%
135,714
45.3%
175,219
58.5%
232,149
77.8%
227,259
75.9%
227,259
75.9%
273,569
90.1%
269,303
90.0%

767,927 m²
567,241 m²
767,554 m²

769,502 m²
568,726 m²
768,290 m²

770,270 m²
569,454 m²
770,542 m²

567,119 m²
749,396 m²
548,961 m²

567,622 m²
750,132 m²
549,464 m²

569,676 m²
752,384 m²
551,518 m²

18,158 m²

18,158 m²

18,158 m²

18,158 m²

18,158 m²

18,158 m²

Balance Sheet

Mar-06

Jun-06

ASSETS
Current Assets
Cash and cash equivalent
Accounts Receivable
Lands and properties held for sale
Loans Receivable and Prepaid Acc. ST
Sundry loans and advances
Credit with related Parties
Recoverable taxes and contributions
Deferred income and social contribution taxes
Sundry advances
Deferred costs
Other
Total Current Assets
Non Current Assets
Receivables with related Parties
Accounts Receivable
Loans Receivable and Prepaid Acc. LT
Lands and properties held for sale
Sundry loans and advances
Legal Deposit
Deferred income and social contribution taxes
Deferred costs
Other
Investments
Investment properties
Property and equipment
Intangible
Deferred charges
Total Non Current Assets
Total Assets

26,739
38,134

232,631
40,421

2,491
8,959
21,632
3,218
101,173

2,651
6,046
10,786
89
292,624

4,978
990
2,767
2,533
13,852
11,928
502
343,266

1,103
941
3,477
5,471
14,245
6,469
45
176,344

580,756
10,245
971,817

546,760
377,528
1,132,383

1,072,989

1,425,007

632,406
6,896
3,446
17,937
30,235
1,403
3,499
4,088
1,479
701,390

14,075
5,908
16,744
13,217
1,775
2,166
5,323
1,439
60,647

LIABILITIES
Current Liabilities
Loans and financing
Stock Aquisitions
Accounts payable
Property acquisition obligations
Taxes and contributions payable
Taxes paid in installments
Proposed dividends
Deferred incomes
Payables to related parties
Debentures
Clients antecipation
Other
Total Current Liabilities
Non Current Liabilities

Loans and financing
Debentures
Stock aquisitions
Debt with related Parties
Deferred income and social contribution taxes
Property acquisition obligations
Taxes paid in installments
Provision for contingencies
Deferred incomes
Others
Total Non Current Liabilities
Minority Interest
Shareholder's Equity
Capital
Capital Reserves
Income Reserve
Retained Earnings
Addionatal dividends proposed
Efects on capital transactions
Share issue costs
Equity Valuation adjustment
Shares in treasure department
Minority Interest
Total Shareholder's equity
Total Liabilities and Shareholder's Equity

38,691

36,990

10,295
100
2,238
18,614
58,047
127,985

5,382
272,295
2,215
18,329
54,977
390,189

87,791

503

160,296
(4,472)
-

264,419
745,877
(36,629)
-

155,823

973,667

1,072,989

1,425,007

Sep-06

Dec-06

Mar-07

Jun-07

59,841
36,072

10,598
52,593

11,268
52,000

12,039
45,996

475,243
58,830

416,445
80,220

2,709
5,026
4,986
108
108,742

1,353
3,002
1,209
5,224
369
74,348

1,113
5,116
5,846
230
75,574

897
41,850
6,837
152
107,771

817
3,884
8,210
546,983

3,087
11,384
16,840
172
528,148

1,601
941
4,198
4,593
14,276
6,469
45
1,948

1,123
7,096
680
26,728
3,564
14,276
7,165
46
41,122

1,145
544
39,152
2,294
14,335
6,971
44
42,471

1,192
355
10,995
74,719
3,062
14,222
193,963
44
42,804

210
12,088
76,032
2,915
14,404
187,815
840
153,784

1,201
16,106
76,810
1,569
166,208
1,431
48,561

557,373
524,123
1,115,567

612,394
480,069
14,086
1,208,349

641,303
463,819
1,212,080

644,750
441,349
1,427,454

711,650
416,904
1,576,642

916,278
427,793
26,311
1,682,267

1,224,309

1,282,697

1,287,653

1,535,225

2,123,625

2,210,415

23,592
47,975
5,320
29,086
6,676
1,014
525
2,644
4,103
375
121,310

13,120
45,320
4,652
37,710
6,886
518
496
2,228
1,555
666
113,150

27,212
44,114
5,955
53,008
6,396
319
430
858
664
138,955

17,532
48,994
9,471
44,874
6,564
253
211
3
340
2,634
130,876

16,333
46,996
8,934
44,775
9,115
263
1,488
6,128
134,034

9,655
201
7,973
61,063
6,763
1,524
551
(201)
1,814
89,343

Sep-07

Dec-07

40,068

34,434

32,152

77
50,435
1,912
18,329
53,362
164,182

45,991
25,702
1,927
17,231
57,177
182,462

46,718
22,068
1,881
16,873
64,894
184,585

79

83

906

264,419
745,877
(39,591)
-

264,419
745,877
(31,454)
-

264,419
745,877
(21,284)
-

51,829
47,211
(0)
25,644
1,849
16,488
70,023
213,044

25,260
-

21,969
-

21,137
1,807
17,271
81,194
146,668

0
77,510
1,755
3,363
96,381
200,978

1,236

1,280

1,317

264,419
932,425
(14,854)

952,747
932,425
(40,371)

952,747
932,425
(11,086)

-

0

-

-

970,706

978,842

989,012

1,181,990

1,844,801

1,874,086

1,224,309

1,282,697

1,287,653

1,535,225

2,123,625

2,210,415

Mar-08

Jun-08

Sep-08

Dec-08

Jan-09

Jun-09

362,596
64,620

263,893
77,441

114,716
75,246

167,585
99,529

187,213
91,334

187,337
88,674

28,108
15,444
28,506
664
499,938

2,839
16,882
28,506
508
390,069

5,470
20,402
28,506
887
245,226

###
18,496
###
20,198
38,704
###
###
344,512

16,450
21,090
39,492
965
356,544

19,831

1,300
17,806
77,036
1,605
149,094
3,812
11,613

1,409
12,177
116,032
1,554
143,057
1,460
20,250

1,557
19,872
116,359
4,650
136,698
1,868
18,711

1,687
17,762
###
129,457
10,328
###
137,263
###
3,029
22,847

1,698
18,037
131,200
19,773
137,259
3,529
17,603

132,210
10,968
137,726
3,422
16,053

1,087,241
396,639
34,401
1,780,547

1,213,178
366,636
35,598
1,911,352

1,373,033
335,866
41,987
2,050,601

1,573,204
309,890
32,757
2,238,224

1,630,588
310,529
31,648
2,301,865

1,711,326
310,035
30,588
2,371,507

2,280,485

2,301,420

2,295,827

2,582,737

2,658,409

2,733,997

15,846
47,337
8,115
58,003
8,035
259
142
8,334
146,071

15,726
53,041
19,653
52,873
8,652
262
142
2,426
152,775

15,704
45,898
46,583
11,474
264
190
3,538
10,849
134,500

112,996
60,108
43,622
14,189
271
20,084
21,602
54,535
11,818
1,567
340,791

29,678
61,126
44,269
21,406
273
26,528
55,312
321
13,083
1,439
253,435

107,360
###
55,052
45,222
25,326
267
20,084
21,265
23,780
###
8,600
1,510
308,465

22,179
39,308
5,161
362,490

1,722
17,457

18,028

13,584

9,978

113,277
1,718
3,388
110,183
246,594

106,020
1,671
4,728
110,506
236,510

98,367
1,623
4,239
121,479
235,685

1,311

12,915

12,914

952,747
932,425
1,337

952,747
932,425
17,443

952,747
932,425
27,556

-

(3,394)
-

-

128,912

126,110

###
###
###
90,049
1,574
4,571
105,035
###
330,140

81,609
1,522
4,552
117,186
330,979

154,985
100,000
72,731
1,464
4,472
114,696
448,348

12,953

13,077

13,019

###
958,276
22,084
-

952,747
958,786
22,473
44,180

952,747
959,593
21,673
89,806

###
###
###
(1,928)

(4,624)

(4,624)

1,886,509

1,899,221

1,912,728

1,931,179

1,973,562

2,019,195

2,280,485

2,301,420

2,295,827

2,582,737

2,658,409

2,733,997

Sep-09

Dec-09

Mar-10

796,794
88,549

827,967
115,117

980,467
98,589

35,785
34,563
60,382
3,268
1,019,340

30,985
38,744
3,483
1,016,296

21,471
38,702
8,442
1,147,671

1,875,904
309,729
29,650
2,504,955

18,028
0
141,268
9,908
113,891
21,631
15,382
2,006,505
15,582
309,475
2,651,670

74
20,793
142,074
9,001
23,117
81,673
766
14,418
2,057,732
15,510
310,206
2,675,364

3,524,295

3,667,966

43,757

41,660
66,762
62,122
24,904
40,521
54,279
92,214
386
9,559
1,743
394,150

2,120
17,781
142,277
12,782
93,980
5,865
14,864

71,333
53,398
17,591
276
39,642
72,921
2,888
13,346
1,861
317,013

Jun-10

Sep-10

Dec-10

933,011
116,307

840,118
132,998

794,839
180,122

21,300

21,471

29,864
10,091
1,110,573

19,823
10,559
1,024,969

17,177
21,892
14,153
1,028,183

74
27,362
136,479
8,494
23,217
56,483
799
14,891
2,122,432
16,306
313,867
2,720,404

75
28,755
138,146
7,111
23,217
29,483
801
11,841
2,266,899
18,299
317,901
2,842,528

36,154
33,183
8,658
23,217
8,737
69
12,018
2,496,675
18,504
320,588
2,957,803

3,823,035

3,830,977

3,867,497

3,985,986

50,784
59,843
62,130
23,754
281
40,521
68,878
94,290
2,764
4,533
1,850
409,627

72,413
64,947
54,207
12,543
1
284
33,154
94,290
100,541
3,928
436,309

59,968
73,155
46,619
13,479
1
287
41,839
94,274
103,621
2,096
435,339

61,798
79,384
41,989
25,900
51,469
42,163
94,274
100,709
10,879
2,277
510,842

135,660
100,000
122,465
1,415
4,945
97,457
461,943
12,679

1,641,747
960,644
21,292
138,515

130,035
100,000
127,481
1,359
21,435
77,698
458,008
-

223,566
100,000
115,454
1,302
22,413
67,863
530,598
-

221,154
110,302
1,244
22,467
116,821
471,988
-

218,759
104,188
1,184
22,348
116,692
463,171
-

246,378
98,961
1,122
21,662
141,570
509,693
-

1,745,097
961,691
122,408
-

1,761,662
962,855
169,263
-

1,761,662
966,153
201,125
-

1,761,662
967,535
102,192
145,050

1,761,662
969,186
268,060
-

2,732,660

(20,837)
(4,624)
12,073
2,815,808

(21,016)
(4,624)
14,670
2,882,810

(21,016)
(1,840)
16,597
2,922,681

(21,016)
(5,451)
19,015
2,968,987

(21,016)
(34,769)
22,328
2,965,451

3,524,295

3,667,966

3,823,035

3,830,977

3,867,497

3,985,986

(24,914)
(4,624)

Mar-11

Jun-11

Sep-11

Dec-11

784,726
150,708

559,467
168,683

532,860
179,108

558,343
219,219

19,887
24,499
17,706
997,526

21,920
40,472
14,040
804,582

19,162
66,444
12,929
810,503

35,913
35,685
9,910
23,464
86
12,624
2,587,533
18,277
319,837
3,043,329

37,044
71,004
9,396
23,592
86
10,657
2,739,211
18,218
319,100
3,228,308

4,040,855

45,752
72,464
35,474
31,040
51,469
37,118
325
103,833
1,598
1,530
380,603

Mar-12

Jun-12

22,817
83,335
14,140
897,854

655,034
194,177
91,236
###
21,801
###
90,769
###
###
###
17,783
1,070,800

445,938
207,495
107,318
18,247
48,631
13,278
840,907

36,767
77,060
10,038
24,901
85
10,799
2,922,756
18,395
318,218
3,419,019

26,326
457,183
8,909
24,943
75
11,429
2,987,757
19,812
317,349
3,853,783

###
21,540
###
312,602
8,459
25,274
###
###
###
12,493
3,115,590
19,497
321,582
###
3,837,112

19,142
314,235
9,630
25,301
940
12,279
3,380,000
19,312
326,901
4,107,740

4,032,890

4,229,522

4,751,637

4,907,912

4,948,647

46,629
88,380
40,361
41,312
53,125
325
1,624
271,756

51,089
104,117
38,892
57,301
38,326
450
3,467
293,642

55,652
108,941
41,436
60,887
85,042
52,097
9,095
13,543
426,693

66,025
###
118,571
45,542
78,697
###
85,072
41,886
303
2,310
17,245
3,154
458,805

77,832
146,918
49,893
51,869
46,464
9,391
30,967
2,897
416,231

253,545
16,281
94,592
1,060
21,678
152,483
539,639
-

320,036
21,079
111,346
993
21,425
151,454
626,333
-

402,622
40,408
102,949
952
21,338
168,766
737,035
-

501,503
300,000
48,135
92,214
861
21,360
144,511
1,108,584
-

724,587
###
###
###
66,320
80,181
818
21,427
137,712
###
1,331,045
###

###
969,120
414,228
123,579

804,180
300,000
79,628
69,118
723
21,343
123,854
1,398,846
-

1,761,662
970,414
330,619
-

1,761,662
966,239
340,062
-

1,761,662
968,237
405,958
-

1,761,662
968,403
414,101
-

1,761,662
960,997
365,381
186,951

(21,016)
(40,079)
119,013
3,120,613

(21,016)
(33,161)
121,015
3,134,801

(21,016)
(40,340)
124,344
3,198,845

(21,016)
(34,258)
127,468
3,216,360

(89,996)
###
###
(39,691)
176
3,118,062

(89,996)
(21,016)
(30,605)
196
3,133,570

4,040,855

4,032,890

4,229,522

4,751,637

4,907,912

4,948,647

Sep-12

Dec-12

Mar-13

Jun-13

Sep-13

Dec-13

324,230
204,170
135,588
###
21,197
3,593
###
###
19,905
708,683

395,001
219,592
166,084
14,963
28,623
27,075
851,338

231,400
174,262
195,116
6,803
5,649
66,491
679,721

453,224
182,035
228,702
6,103
14,746
39,166
923,976

533,099
200,139
151,166
3,657
16,252
48,887
953,200

351,542
247,689
159,994
2,882
25,910
51,790
839,807

35,808
320,862
25,354
###
10,903
12,351
3,741,046
19,265
330,336
4,495,925

16,750
61,473
333,175
24,792
4,013
4,493
4,030,575
17,366
340,537
4,833,174

15,523
58,226
335,532
25,816
4,752
4,330
4,215,348
17,114
342,875
5,019,516

15,167
58,084
337,734
25,494
3,645
3,800
4,419,542
17,338
342,131
5,222,936

13,232
61,618
339,570
27,898
8,355
4,479
4,678,702
17,366
344,254
5,495,474

13,206
56,387
348,624
27,549
7,034
4,149
4,817,738
17,371
343,737
5,635,795

5,204,608

5,684,512

5,699,237

6,146,912

6,448,674

6,475,602

106,928
185,325
50,093
19,126
106,997
49,929
7,425
18,373
5,232
549,428

125,621
184,322
44,350
23,013
106,997
55,485
1,575
9,913
5,062
556,338

157,637
154,779
48,102
34,106
38,416
41,716
7,732
3,775
486,263

209,161
120,368
37,292
48,502
38,402
31,634
1,902

203,213
120,637
34,947
49,981
38,386
53,738
9,658
2,746
513,306

80,382
214,251
52,953
19,726
###
41,468
1,548
17,796
3,006
431,130

2,852
490,113

981,181
300,000
###
92,490
60,012
658
24,252
105,846
1,564,439
-

1,385,281
300,000
101,934
50,497
579
24,663
66,790
1,929,744
-

1,761,662
962,947
365,536
258,802

1,761,662
965,271
626,696
-

(89,996)
(21,016)
(29,006)
110
3,209,039

(89,996)
(21,016)
(37,408)
131
3,205,340

5,204,608

5,684,512

1,357,301
300,000
106,075
44,020
510
22,880
44,500
1,875,286
-

1,761,662
967,597
568,725
69,361
58,726
(89,996)
(21,016)

1,309,396
300,000
114,333
61,906
747
22,740
25,877
1,835,000
-

1,615,999
300,000
122,344
42,530
23,920
26,976
2,638
2,134,407
-

1,620,626
300,000
117,761
35,130
24,325
45,050
595
2,143,487
-

(47,584)
138
3,267,613

2,388,062
959,012
570,280
93,560
(89,996)
(37,156)
(58,266)
154
3,825,649

2,388,062
871,918
570,280
225,219
(90,000)
(38,611)
(102,882)
168
3,824,154

2,388,062
963,954
717,861
(89,996)
(38,628)
(122,626)
182
3,818,809

5,699,237

6,146,912

6,448,674

6,475,602

Mar-14

253,759
240,765
163,638

Jun-14

Sep-14

Dec-14

Mar-15

Jun-15

195,027
263,093
166,529
2,722
2,688
76,320
706,379

213,032
277,998
157,647
2,538
3,356
33,571
28,010
716,152

338,322
350,423
156,420
2,486
2,661
20,945
18,660
889,917

412,875
321,297
158,462
2,139
3,175
1,516
28,429
927,894

275,805
319,007
73,982
2,288
7,769
1,586
27,454
707,892

12,570
51,982
365,193
22,640
16,768
19,552
9,067
4,914,089
32,971
348,216
5,793,048

12,422
51,543
193,784
14,000
18,453
19,992
6,670
5,128,894
32,476
349,532
5,827,764

10,527
51,664
197,450
13,962
18,533
20,241
6,671
5,122,282
31,999
349,990

11,561
51,562
223,245
14,498
19,709
16,488
6,692
5,315,879
32,749
349,487

5,712,298

12,692
53,047
361,603
22,604
15,443
18,917
15,564
4,890,233
34,005
346,765
5,770,873

5,823,320

6,041,870

6,451,955

6,477,252

6,509,200

6,717,681

6,751,214

6,749,761

202,499
95,453
41,137
47,457
40,728

200,389
70,144
40,733
20,620
59,971
37,661
10,724
9,723
449,965

207,097
77,125
38,014
38,612
59,971
37,480
152,291
2,014
612,605

206,481
90,113
32,378
45,228
73,059
33,673
9,735
5,614
496,281

211,505
90,785
26,586
50,233
73,059
18,555
21,851
7,054
499,628

213,864
70,815
56,749
34,209
77,583
22,811
10,880
6,691
493,602

2,640
14,206
64,649
739,657

12,965
54,204
350,506
27,866
11085
9,103
15,157
4,851,454
35,202
344,756

2,377
1,989
431,639

1,574,240
300,000

137,115
38,054
24,075
48,010
557
2,122,051
-

1,543,005
300,000
150,647
30,004
21,382
37,635
476
2,083,148
-

1,494,713
150,000
158,406
21,410
21,921
13,948
372
1,860,770
-

1,550,173
398,223
159,699
17,530
15,942
10,175
5
2,151,746
-

1,500,968
398,223
165,686
13,542
10,974
4,825
5
2,094,223
-

1,467,850
398,223
169,664
57,158
9,683
(769)
2,101,809
-

2,388,062
967,039
719,226
81,154
(89,996)
(38,628)
(128,796)
203
3,898,264

2,388,062
965,144
719,222
105,660
(89,996)
(38,628)
(106,867)
1,542
3,944,139

2,388,062
962,077
719,224
170,599
(89,996)
(38,771)
(77,998)
2,628
4,035,825

2,388,062
966,085
932,423
(89,996)
(38,993)
(90,704)
2,777
4,069,654

2,388,062
966,449
932,423
71,969
(89,996)
(38,994)
(75,347)
2,795
4,157,362

2,388,062
967,597
912,529
78,068
(89,996)
(38,993)
(67,704)
4,787
4,154,350

6,451,955

6,477,252

6,509,200

6,717,681

6,751,214

6,749,761

Sep-15

R$ 1,000
Dec-15

263,402
236,123
75,879
2,563
2,609
27,305
607,881

382,106
273,071
72,527
###
###
3,873
10,149
###
8,068
30,790
21,967
802,550

11,423
138,581
228,241
14,696
19,851
16,773
2,825
5,331,638
31,975
349,855

12,657
135,423
###
212,160
###
13,151
18,443
77,700
21,415
2,797
5,385,981
30,841
351,419

6,145,858

6,261,986

6,753,740

7,064,536

313,563
78,896
51,415
38,846
77,583
23,940
25,919
5,825
615,986

168,631
88,585
52,950
46,589
115,783
52,283
12,031
7,497
544,350

1,326,761
398,223
173,818
48,583
10,234
(2,317)
224
1,955,526

1,636,071
398,223
###
###
170,548
40,027
###
9,912
77,407
597
2,332,785

2,388,062
970,236
912,529
138,554
###
(89,996)
(39,003)
(104,314)
6,159
4,182,227

2,388,062
972,873
1,053,637
-

(104,314)
6,142
4,187,401

6,753,740

7,064,536

(89,996)
(39,003)

1,000

Total Sales (Shopping 100%)
Operating Shoppings Portfolio
BHShopping
RibeirãoShopping
BarraShopping
MorumbiShopping
ParkShopping
DiamondMall
New York City Center
Shopping AnáliaFranco
ParkShoppingBarigüi
Pátio Savassi
Shopping SantaÚrsula
BarraShoppingSul
Shopping VilaOlímpia
ParkShoppingSãoCaetano
JundiaíShopping
ParkShoppingcampoGrande
VillageMall
Parque Shopping Maceió
Total

1Q06
88,748
51,481
180,263
122,346
88,182
37,632
30,874
69,739
58,410
-

2Q06
101,907
58,896
194,858
149,513
103,481
43,502
30,110
80,317
72,343
-

727,675

834,928

3Q06
104,145
62,450
201,381
142,051
103,360
46,789
29,853
80,322
74,962
-

4Q06
144,591
83,487
272,159
218,814
143,957
61,524
37,222
110,180
101,499
-

845,313 1,173,432

Rent Revenue (Base Rent + Overage Rent + Merchandising) - Does not include Straight Line Effect
1Q06
2Q06
3Q06
4Q06
Rental Revenue
29,557
47,994
44,269
66,121
Parking Revenue
Shopping Center
BHShopping
RibeirãoShopping
BarraShopping
MorumbiShopping
ParkShopping
DiamondMall
New York City Center
Shopping AnáliaFranco
ParkShoppingBarigüi
Pátio Savassi
Shopping SantaÚrsula
BarraShoppingSul
Shopping VilaOlímpia
ParkShoppingSãoCaetano
JundiaíShopping
ParkShoppingcampoGrande
VillageMall
Parque Shopping Maceió
Morumbi Corporate
Portfolio Total
Parking Transfer
Parking Net Revenue

1Q06
234
611
450
184
211
-

2Q06
274
1,029
686
124
249
-

3Q06
320
887
666
153
262
-

4Q06
426
936
996
356
368
-

1,690
1,690

2,362
2,362

2,287
2,287

3,082
3,082

Revenue net from transfer do partners in malls

1Q07
104,442
63,288
200,991
158,471
101,315
46,655
34,153
78,595
76,732
-

864,642

2Q07
115,314
71,688
213,214
190,460
114,852
51,961
30,526
95,561
88,159
-

3Q07
120,742
73,836
219,210
181,729
118,335
57,011
31,927
92,943
91,996
42,133
-

4Q07
158,431
101,202
293,169
251,570
157,705
75,238
38,104
125,801
117,584
58,645
-

971,737 1,029,860 1,377,449

nclude Straight Line Effect
1Q07
2Q07
52,453
54,368

1Q08
119,872
76,149
224,292
183,552
115,046
59,966
35,691
93,862
93,077
43,936
-

2Q08
132,726
84,662
231,668
214,998
124,180
68,916
32,409
105,943
106,383
49,555
18,542
-

3Q08
137,235
86,871
242,282
216,411
129,997
70,547
33,132
103,858
102,374
54,678
26,294
-

4Q08
179,402
115,527
323,019
283,649
183,735
88,001
39,875
136,013
130,004
70,571
29,645
71,152
-

1,045,442 1,169,981 1,203,680 1,650,592

3Q07
55,571

4Q07
77,001

1Q08
60,564

2Q08
68,772

3Q08
67,994

4Q08
97,923

1Q07
308
831
2,255
324
307
-

2Q07
1,263
3,070
4,048
711
632
-

3Q07
1,333
4,081
3,933
840
838
612
-

4Q07
1,566
4,535
4,621
818
951
842
-

1Q08
1,568
4,321
3,943
863
1,091
938
-

2Q08
1,831
4,412
4,039
1,006
983
1,259
185
1,064
-

3Q08
1,921
4,654
5,195
1,038
952
2,108
1,903
1,218
-

4Q08
2,324
5,215
5,606
1,176
1,049
2,212
2,064
1,352
19
-

4,025
(1,463)
2,562

9,723
(5,061)
4,662

11,637
(6,209)
5,428

13,333
(6,437)
6,896

12,724
(6,500)
6,224

14,779
(6,600)
8,179

18,989
(7,828)
11,161

21,016
(8,992)
12,024

1Q09
133,842
88,991
235,403
204,535
135,676
64,670
33,246
97,928
101,228
52,637
21,051
92,006
-

2Q09
146,076
95,818
259,564
241,384
151,657
76,245
31,288
114,810
111,459
59,241
19,526
100,549
-

3Q09
148,605
93,305
280,378
231,348
149,990
77,816
33,050
121,863
104,175
60,264
18,068
96,983
-

4Q09
206,681
134,032
372,359
325,821
220,702
113,241
41,955
189,277
148,529
81,432
25,177
135,406
29,236
-

1Q10
156,877
103,379
288,129
239,220
173,024
93,355
46,219
142,517
113,556
60,256
20,579
107,308
41,174
-

2Q10
166,844
110,145
308,648
275,052
172,797
103,431
40,481
158,804
122,748
66,582
24,991
117,185
46,884
-

3Q10
168,976
112,293
319,099
266,599
181,973
105,399
40,983
157,381
119,291
68,787
28,066
123,603
52,445
-

4Q10
273,554
151,630
434,730
368,055
247,583
129,343
50,829
229,041
185,508
88,330
36,158
162,185
73,898
-

1,261,212 1,407,614 1,415,845

2,023,848

1,585,594

1,714,591

1,744,895

2,430,844

1Q09
79,390

2Q09
81,498

3Q09
81,759

4Q09
123,533

1Q10
99,051

3Q09
100,081

3Q10
102,084

4Q10
119,416

1Q09
2,040
4,065
4,582
1,082
1,073
1,488
2,000
1,326
45
-

2Q09
2,155
761
5,897
5,903
1,071
1,244
2,346
1,714
1,196
185
635
-

3Q09
2,090
1,509
5,333
5,770
1,191
1,102
2,219
1,717
1,261
222
1,338
-

4Q09
2,615
2,015
5,923
6,718
1,770
1,486
1,340
2,816
2,191
1,844
285
1,639
127

1Q10
1,118
769
1,968
2,557
800
1,214
1,068
1,419
1,732
1,367
207
1,471
305

2Q10
1,118
801
1,984
2,588
605
1,211
914
1,370
1,754
1,352
238
1,481
89

3Q10
1,166
844
2,101
2,804
726
1,243
1,056
1,426
2,017
1,413
313
1,516
199

4Q10
1,613
1,040
2,672
3,430
1,020
1,369
1,042
1,700
2,716
1,594
444
2,024
516

17,700
(7,160)
10,540

23,106
(10,299)
12,807

23,754
(9,893)
13,860

30,771
(13,020)
17,751

15,995
15,995

23,754
13,860

16,825
16,825

21,180
21,180

1Q11
193,415
111,744
317,774
259,922
175,587
96,186
47,860
160,946
143,504
68,766
29,055
120,286
61,320
-

2Q11
208,609
119,475
349,298
300,487
187,682
106,631
44,717
186,595
159,125
73,497
31,624
132,018
67,017
-

3Q11
213,858
115,091
349,764
285,584
187,205
108,232
47,638
179,858
157,110
73,084
32,235
136,255
64,777
-

4Q11
295,096
161,072
492,799
388,812
264,535
143,459
56,144
246,707
218,658
93,038
44,117
183,857
88,903
80,041

1Q12
218,348
118,834
348,126
280,560
192,022
109,161
52,938
168,475
161,382
72,999
32,823
139,603
69,328
85,974

2Q12
234,747
127,921
376,795
319,709
199,933
121,696
47,285
201,468
184,355
78,883
36,640
150,499
74,946
99,618

3Q12
240,754
128,885
388,276
296,147
205,980
122,680
50,123
190,978
175,495
77,927
40,568
156,285
68,715
98,642

1,786,364

1,966,778

1,950,693

2,757,235

2,050,575

2,254,494

2,241,454

1Q11
112,450

2Q11
115,208

3Q11
117,351

4Q11
142,049

1Q12
128,089

2Q12
133,583

3Q12
130,358

1Q11
1,534
958
2,038
2,743
763
1,395
1,092
1,493
2,183
1,663
362
1,681
648

2Q11
1,555
1,017
2,168
2,864
831
1,348
1,022
1,704
2,210
1,554
359
1,649
766

3Q11
1,566
969
2,195
2,797
848
1,369
1,144
1,752
2,647
1,623
387
1,724
754

4Q11
1,884
1,166
2,473
3,716
1,130
1,617
972
1,942
3,029
1,747
487
2,297
809
1,418

1Q12
1,544
1,009
2,734
3,088
861
1,373
1,337
1,583
2,534
1,595
487
1,602
961
1,710

2Q12
1,597
1,005
2,646
3,236
797
1,492
1,323
1,720
2,823
1,861
491
2,215
2,052
1,955

3Q12
1,720
976
2,524
3,010
826
1,624
1,396
1,687
2,736
2,245
531
2,422
1,886
1,997

18,553
18,553

19,046
19,046

19,775
19,775

24,687
24,687

22,418
22,418

25,214
25,214

25,580
25,580

4Q12
314,978
194,050
514,217
407,136
284,274
155,933
58,606
268,056
237,272
101,701
54,006
204,398
89,698
134,218
80,441
50,574
26,659

1Q13
234,122
143,978
379,329
296,526
213,737
120,580
57,941
188,961
181,566
77,972
41,127
149,631
70,436
100,045
66,477
67,838
55,347

2Q13
246,823
150,381
379,149
331,521
223,279
128,970
48,867
213,797
193,999
81,514
44,833
161,844
77,951
112,328
77,002
75,283
66,646

3Q13
254,299
160,789
409,064
316,617
230,282
131,281
53,512
213,743
190,135
82,760
46,089
161,465
76,624
114,635
78,674
81,503
72,425
2,673,896

4Q13
334,966
221,408
559,663
436,857
318,494
170,014
58,880
297,878
250,901
105,735
54,810
217,599
97,533
154,777
108,943
126,298
91,626
44,197
3,650,580

1Q14
246,184
165,550
391,694
332,041
232,455
131,205
58,093
206,952
186,119
79,548
42,421
157,754
77,750
109,188
84,426
79,824
92,410
49,400
2,723,015

2Q14
263,351
181,106
417,914
386,285
247,146
145,964
51,122
234,166
198,374
85,148
42,002
175,447
81,693
127,456
98,881
92,163
127,841
55,354
3,011,414

3,176,216

2,445,613

2,614,187

4Q12
184,599

1Q13
163,982

2Q13
162,149

3Q13
166,844

4Q13
191,251

1Q14
179,330

2Q14
192,848

4Q12
2,069
1,337
3,149
3,835
1,182
1,849
1,231
1,962
3,247
2,072
655
2,682
1,947
2,339
1,477
560
542

1Q13
1,954
1,134
2,366
3,303
966
1,797
1,455
1,730
2,727
2,345
649
2,192
1,967
1,996
1,277
1,017
1,322

2Q13
2,027
1,103
2,666
3,391
926
1,914
1,290
1,778
2,923
2,012
738
2,409
1,959
2,087
1,340
1,084
1,253

3Q13
2,083
1,274
2,795
3,296
975
1,976
1,347
1,839
3,299
2,105
762
2,575
1,991
2,182
1,378
1,172
1,480

4Q13
2,530
1,387
3,151
4,148
1,267
2,184
1,432
2,335
3,774
2,322
834
3,074
2,075
2,453
1,648
1,584
1,669
111

1Q14
2,125
1,245
3,338
3,811
1,100
1,985
1,634
1,832
3,200
2,174
686
2,625
2,105
2,281
1,710
1,497
1,904
165

2Q14
2,398
1,303
3,328
4,263
1,133
2,155
1,608
2,023
3,654
2,298
654
3,114
1,984
2,505
1,968
1,579
2,425
240

32,137
32,137

30,196
30,196

30,902
30,902

32,530
32,530

37,977
37,977

35,416
35,416

38,633
38,633

R$ 1,000
3Q14
256,498
179,640
442,606
364,127
243,224
142,233
48,830
222,492
194,994
87,729
41,241
171,732
79,975
119,463
91,376
90,425
120,665
65,905
2,963,155

4Q14
361,976
246,447
605,045
490,158
344,816
175,528
60,260
314,782
266,002
114,719
54,318
243,329
110,574
164,977
127,781
144,974
140,983
95,504
4,062,174

1Q15
253,356
173,915
417,819
345,658
249,059
132,864
54,910
217,947
195,929
85,034
41,259
171,002
90,909
116,636
95,117
88,194
108,461
78,882
2,916,949

2Q15
265,691
176,785
448,719
412,063
264,974
143,744
46,496
241,450
202,450
90,365
42,459
181,469
99,948
129,005
103,031
98,494
130,045
77,726
3,154,913

3Q15
257,939
173,449
448,722
380,257
255,767
139,992
45,210
226,656
198,511
91,905
39,772
172,110
96,739
125,186
97,923
99,154
108,331
80,783
3,038,406

4Q15
352,250
245,553
615,751
533,750
350,491
178,704
59,260
333,714
290,144
128,044
50,002
240,892
119,869
178,205
131,257
148,363
159,952
111,090
4,227,292

3Q14
198,174

4Q14
240,206

1Q15
202,906

2Q15
209,694

3Q15
207,294

4Q15
249,669

3Q14
2,356
1,317
3,444
4,472
1,172
2,147
1,460
2,008
3,548
2,148
575
3,048
2,041
2,357
1,898
1,512
2,072
297

4Q14
2,964
1,610
3,954
5,328
1,673
2,395
1,432
2,466
4,517
2,463
698
3,774
2,357
3,082
2,292
1,998
2,216
431

37,872
37,872

45,649
45,649

1Q15
2,698
1,296
3,656
4,278
1,413
2,266
1,350
2,017
4,048
2,506
661
3,320
2,586
2,482
2,032
1,875
2,057
483
1,468
42,492
42,492

2Q15
2,972
1,256
3,749
4,750
1,383
2,236
1,192
2,083
4,343
2,258
701
3,545
2,632
2,554
2,112
1,948
2,418
526
516
43,175
43,175

3Q15
2,583
1,247
3,748
4,619
1,295
2,200
1,105
1,954
4,250
2,308
642
3,393
2,455
2,368
1,956
1,927
2,173
548
628
41,400
41,400

4Q15
3,252
1,535
4,318
5,535
1,819
2,479
1,230
2,340
5,582
2,775
734
4,163
2,693
2,966
2,329
2,420
2,391
636
491
49,690
49,690

Indicators
Financial (MTE %)
Gross Revenue
Net Revenue
Headquarters
Rental Revenue
Rental Revenue/m²
Property EBITDA
Property EBITDA/m2
Adjusted Consolidated EBITDA
Adjusted Consolidated EBITDA/m²
Shopping Center EBITDA Margin
Adjusted Consolidated EBITDA Margin
NOI + Key Money
NOI + Key Money/m2
NOI + Key Money Margin
NOI
NOI/m2
NOI Margin
Adjusted FFO
Adjusted FFO/m²
Performance (100%)
Total GLA
Own GLA
Adjusted Total GLA (avg.)
Adjusted Own GLA (avg.)
Total Sales
Total Sales/m²
Same Stores Sales
Same Stores Rent
Occupancy Costs
Rent as Sales %
Others as Sales %
Turnover
Occupancy Rate
Delinquency
Rent Loss

1Q06
50,084
45,732
15,995
29,557
146 R$/m²

2Q06
69,562
64,093
17,316
47,994
237 R$/m²

3Q06
66,773
61,313
19,199
44,269
219 R$/m²

21,620
107 R$/m²

38,866
192 R$/m²

30,289
150 R$/m²

47.3%
29,030
144 R$/m²
87.1%
26,961
133 R$/m²
86.3%
15,457
76 R$/m²
1Q06
368,220 m²
209,376 m²
354,013 m²
202,287 m²
727,675
2,056 R$/m²
N/A
N/A
15.8%
9.8%
6.0%
1.0%
95.2%
8.2%
0.0%

60.6%
44,551
220 R$/m²
82.9%
41,149
203 R$/m²
81.7%
25,236
125 R$/m²
2Q06
368,432 m²
209,484 m²
353,948 m²
202,241 m²
834,928
2,359 R$/m²
N/A
N/A
14.9%
8.6%
6.3%
0.8%
96.3%
6.9%
0.0%

49.4%
42,358
209 R$/m²
84.9%
39,006
193 R$/m²
83.8%
28,057
139 R$/m²
3Q06
368,269 m²
209,312 m²
353,959 m²
202,217 m²
845,313
2,388 R$/m²
N/A
N/A
15.7%
9.4%
6.2%
0.9%
96.2%
6.6%
10.4%

4Q06
90,068
81,833
15,014
71,259
345 R$/m²

1Q07
77,093
70,364
9,666
52,453
242 R$/m²

2Q07
86,254
78,764
15,620
54,368
248 R$/m²

3Q07
93,081
85,095
13,069
55,572
242 R$/m²

4Q07
112,364
102,170
17,551
77,001
327 R$/m²

53,029
257 R$/m²

50,547
233 R$/m²

45,464
208 R$/m²

48,936
213 R$/m²

67,213
286 R$/m²

64.8%
67,298
326 R$/m²
85.1%
62,516
303 R$/m²
84.1%
50,629
245 R$/m²
4Q06
373,480 m²
214,525 m²
357,671 m²
206,532 m²
1,173,432
3,281 R$/m²
N/A
N/A
13.2%
8.4%
4.9%
0.5%
97.2%
5.6%
6.2%

71.8%
50,640
234 R$/m²
83.0%
46,073
213 R$/m²
83.7%
43,704
202 R$/m²
1Q07
373,464 m²
238,883 m²
374,618 m²
216,662 m²
864,642
2,308 R$/m²
▲13.8%
▲9.4%
14.1%
9.2%
5.0%
0.8%
97.4%
6.6%
1.0%

57.7%
53,580
245 R$/m²
77.7%
48,721
222 R$/m²
82.5%
41,498
189 R$/m²
2Q07
393,615 m²
255,927 m²
377,217 m²
219,001 m²
971,737
2,576 R$/m²
▲12.2%
▲10.4%
12.8%
8.2%
4.6%
0.8%
97.6%
5.3%
0.5%

57.5%
51,803
225 R$/m²
72.4%
47,418
206 R$/m²
77.7%
46,350
202 R$/m²
3Q07
392,279 m²
252,147 m²
377,588 m²
229,738 m²
1,029,860
2,727 R$/m²
▲14.4%
▲10.6%
13.8%
9.2%
4.7%
1.9%
97.5%
4.5%
0.9%

65.8%
74,955
319 R$/m²
78.5%
69,865
297 R$/m²
83.3%
68,621
292 R$/m²
4Q07
392,279 m²
257,369 m²
377,884 m²
235,135 m²
1,377,449
3,645 R$/m²
▲11.4%
▲9.0%
13.4%
8.0%
5.4%
1.7%
97.0%
4.4%
0.4%

1Q08
89,339
80,892
11,671
60,564
258 R$/m²

2Q08
113,984
104,107
27,539
68,772
276 R$/m²

3Q08
111,461
101,098
20,119
67,994
269 R$/m²

4Q08
138,129
125,134
19,791
97,923
334 R$/m²

50,910
217 R$/m²

59,100
238 R$/m²

57,055
226 R$/m²

80,163
273 R$/m²

62.9%
56,919
242 R$/m²
72.9%
52,155
222 R$/m²
78.1%
57,685
245 R$/m²
1Q08
392,015 m²
257,063 m²
377,981 m²
235,126 m²
1,045,442
2,766 R$/m²
▲14.0%
▲7.7%
13.6%
8.4%
5.2%
1.1%
97.9%
3.2%
1.0%

56.8%
73,697
296 R$/m²
79.9%
64,979
261 R$/m²
84.4%
58,239
234 R$/m²
2Q08
416,416 m²
266,314 m²
393,900 m²
248,827 m²
1,169,981
2,970 R$/m²
▲11.4%
▲9.0%
13.2%
7.8%
5.4%
1.6%
98.2%
3.9%
1.7%

56.4%
71,629
284 R$/m²
79.1%
68,023
270 R$/m²
85.9%
54,514
216 R$/m²
3Q08
416,928 m²
266,759 m²
402,522 m²
252,350 m²
1,203,680
2,990 R$/m²
▲9.9%
▲11.6%
12.2%
7.4%
4.8%
2.2%
98.1%
3.7%
0.5%

64.1%
102,123
348 R$/m²
83.0%
97,968
334 R$/m²
89.1%
66,768
228 R$/m²
4Q08
484,373 m²
330,308 m²
446,010 m²
293,359 m²
1,650,592
3,701 R$/m²
▲7.9%
▲13.9%
12.3%
8.1%
4.2%
1.7%
98.3%
3.7%
0.6%

1Q09
110,913
100,941
18,885
79,389
251 R$/m²
66,346
210 R$/m²
60,005
190 R$/m²
66.0%
59.4%
78,946
250 R$/m²
83.0%
73,778
233 R$/m²
82.0%
53,109
168 R$/m²
1Q09
484,894 m²
330,786 m²
470,488 m²
316,378 m²
1,261,212
2,681 R$/m²
▲5.1%
▲13.2%
14.6%
8.8%
5.8%
1.4%
98.3%
5.8%
0.4%

2Q09
119,417
107,069
24,657
81,499
258 R$/m²
69,094
218 R$/m²
63,442
200 R$/m²
65.0%
59.3%
87,339
276 R$/m²
87.0%
81,305
257 R$/m²
86.2%
55,316
175 R$/m²
2Q09
484,873 m²
330,833 m²
470,525 m²
316,458 m²
1,407,614
2,992 R$/m²
▲9.8%
▲14.0%
13.6%
8.1%
5.5%
1.0%
98.7%
4.5%
0.4%

3Q09
4Q09
129,793
174,245
116,627
158,097
18,695
25,945
81,759
117,533
256 R$/m²
356 R$/m²
97,109
110,407
304 R$/m²
334 R$/m²
86,074
94,433
270 R$/m²
286 R$/m²
85.5%
72.8%
73.8%
59.7%
86,714
133,353
272 R$/m²
404 R$/m²
83.6%
89.5%
78,606
125,673
246 R$/m²
380 R$/m²
82.2%
88.9%
72,533
91,609
227 R$/m²
277 R$/m²
3Q09
4Q09
497,248 m² 533,741 m²
334,298 m² 347,985 m²
480,369 m² 509,005 m²
319,086 m² 330,490 m²
1,415,845
2,023,848
2,947 R$/m² 3,976 R$/m²
▲5.6%
▲10.6%
▲8.1%
▲6.5%
13.5%
12.0%
8.0%
7.8%
5.5%
4.2%
2.7%
1.4%
98.4%
99.1%
4.5%
0.6%
1.4%
1.5%

1Q10
149,964
136,380
20,068
90,020
271 R$/m²
94,044
283 R$/m²
85,292
257 R$/m²
73.4%
62.5%
110,907
334 R$/m²
87.9%
99,728
300 R$/m²
86.7%
90,253
271 R$/m²
1Q10
532,773 m²
347,640 m²
515,818 m²
332,443 m²
1,585,594
3,074 R$/m²
▲14.9%
▲3.9%
13.5%
7.7%
5.8%
1.1%
97.9%
3.2%
0.6%

2Q10
3Q10
4Q10
1Q11
157,373
159,950
195,337
173,153
143,096
146,512
178,388
157,813
25,324
24,744
22,962
21,626
94,254
93,765
138,075
105,476
283 R$/m²
276 R$/m²
387 R$/m²
295 R$/m²
91,341
82,269
114,672
110,292
275 R$/m²
242 R$/m²
321 R$/m²
309 R$/m²
80,922
73,012
110,970
102,842
243 R$/m²
215 R$/m²
311 R$/m²
288 R$/m²
69.2%
61.4%
74.4%
75.8%
56.6%
49.8%
62.2%
65.2%
106,257
112,303
130,611
124,732
319 R$/m²
331 R$/m²
366 R$/m²
349 R$/m²
86.7%
88.2%
87.1%
89.0%
99,907
103,919
121,283
115,570
300 R$/m²
306 R$/m²
340 R$/m²
324 R$/m²
86.0%
87.4%
86.3%
88.2%
87,833
84,111
105,956
103,056
264 R$/m²
248 R$/m²
297 R$/m²
289 R$/m²
3Q09
3Q10
4Q10
1Q11
532,902 m² 544,703 m² 551,830 m² 551,368 m²
347,757 m² 359,921 m² 371,640 m² 371,548 m²
515,953 m² 522,663 m² 536,245 m² 537,081 m²
332,574 m² 339,308 m² 356,885 m² 357,155 m²
1,714,591
1,744,895
2,430,844
1,786,364
3,323 R$/m² 3,338 R$/m² 4,533 R$/m² 3,326 R$/m²
▲11.9%
▲13.7%
▲12.6%
▲6.6%
▲4.4%
▲6.6%
▲12.0%
▲10.3%
12.9%
12.7%
11.9%
13.7%
7.3%
7.3%
7.6%
8.0%
5.6%
5.4%
4.3%
5.7%
1.3%
1.2%
0.7%
0.8%
98.1%
98.4%
98.6%
98.4%
4.0%
3.2%
2.1%
1.7%
0.8%
1.1%
1.6%
0.4%

2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
174,505
181,818
212,748
346,026
211,579
223,691
266,676
158,682
165,658
194,099
323,349
191,777
205,362
241,385
20,071
20,955
25,717
25,561
21,170
29,173
23,990
108,425
111,301
161,053
121,975
126,883
124,240
188,846
304 R$/m²
311 R$/m²
406 R$/m²
301 R$/m²
313 R$/m²
306 R$/m²
380 R$/m²
113,708
120,054
143,347
136,247
135,788
135,182
184,521
318 R$/m²
336 R$/m²
361 R$/m²
336 R$/m²
335 R$/m²
333 R$/m²
371 R$/m²
107,148
111,560
133,730
190,718
120,423
133,213
171,408
300 R$/m²
312 R$/m²
337 R$/m²
470 R$/m²
297 R$/m²
328 R$/m²
345 R$/m²
75.3%
76.9%
80.2%
81.0%
76.4%
78.3%
79.5%
67.5%
67.3%
68.9%
59.0%
62.8%
64.9%
71.0%
127,056
131,550
166,640
141,054
147,617
152,289
203,736
356 R$/m²
368 R$/m²
420 R$/m²
348 R$/m²
364 R$/m²
375 R$/m²
410 R$/m²
88.1%
89.5%
94.2%
88.5%
87.7%
92.5%
89.6%
117,011
121,748
156,517
132,147
138,077
143,516
193,112
328 R$/m²
341 R$/m²
394 R$/m²
326 R$/m²
340 R$/m²
354 R$/m²
388 R$/m²
87.2%
88.8%
93.9%
87.8%
87.0%
92.0%
89.1%
80,811
99,731
131,830
160,283
93,877
102,595
158,889
226 R$/m²
279 R$/m²
332 R$/m²
395 R$/m²
231 R$/m²
253 R$/m²
320 R$/m²
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
551,592 m² 551,759 m² 592,048 m² 592,251 m² 592,489 m² 591,945 m² 698,634 m²
371,601 m² 371,730 m² 411,423 m² 420,054 m² 420,377 m² 420,051 m² 521,439 m²
537,082 m² 537,359 m² 577,192 m² 577,836 m² 577,951 m² 577,881 m² 672,871 m²
357,176 m² 357,330 m² 396,763 m² 405,626 m² 405,809 m² 405,797 m² 497,207 m²
1,966,778
1,950,693
2,757,235
2,050,575
2,254,494
2,241,454
3,176,216
3,662 R$/m² 3,630 R$/m² 4,777 R$/m² 3,549 R$/m² 3,901 R$/m² 3,879 R$/m² 4,720 R$/m²
▲9.4%
▲7.5%
▲8.3%
▲8.2%
▲8.1%
▲8.5%
▲6.8%
▲14.1%
▲16.0%
▲14.5%
▲11.9%
▲10.4%
▲7.7%
▲8.6%
12.8%
13.1%
12.4%
14.0%
13.1%
13.1%
12.4%
7.5%
7.8%
7.8%
8.2%
7.6%
7.6%
7.9%
5.3%
5.3%
4.6%
5.8%
5.5%
5.4%
4.5%
1.7%
0.6%
0.9%
0.9%
1.3%
1.6%
1.4%
98.1%
98.1%
98.0%
97.2%
97.8%
98.5%
98.1%
1.9%
0.9%
1.5%
2.1%
1.7%
1.3%
1.9%
1.0%
2.4%
1.1%
0.3%
0.3%
0.1%
0.3%

1Q13
2Q13
3Q13
4Q13
1Q14
245,923
262,840
270,753
295,042
283,952
223,546
237,423
248,650
268,595
257,249
19,860
32,123
27,842
28,200
24,495
154,436
153,123
154,802
216,686
167,921
304 R$/m²
301 R$/m²
299 R$/m²
406 R$/m²
308 R$/m²
166,904
150,115
165,074
152,406
190,148
328 R$/m²
295 R$/m²
319 R$/m²
251 R$/m²
307 R$/m²
159,287
148,951
163,618
138,837
196,560
313 R$/m²
293 R$/m²
317 R$/m²
260 R$/m²
361 R$/m²
79.2%
70.3%
75.0%
62.1%
81.3%
71.3%
62.7%
65.8%
51.7%
76.4%
182,083
172,830
185,485
203,720
196,031
358 R$/m²
340 R$/m²
359 R$/m²
382 R$/m²
360 R$/m²
88.0%
83.4%
87.4%
84.1%
87.1%
169,281
158,666
172,525
190,785
185,774
333 R$/m²
312 R$/m²
334 R$/m²
358 R$/m²
341 R$/m²
87.2%
82.2%
86.5%
83.2%
86.5%
101,969
109,422
126,044
88,729
128,551
201 R$/m²
215 R$/m²
244 R$/m²
166 R$/m²
236 R$/m²
1Q13
2Q13
3Q13
4Q13
1Q14
698,685 m² 698,528 m² 710,610 m² 756,567 m² 756,696 m²
522,661 m² 522,671 m² 533,801 m² 559,489 m² 559,448 m²
684,622 m² 684,857 m² 692,820 m² 723,038 m² 742,219 m²
508,567 m² 508,908 m² 516,946 m² 533,443 m² 544,975 m²
2,445,613
2,614,187
2,673,896
3,650,580
2,723,015
3,572 R$/m² 3,817 R$/m² 3,859 R$/m² 5,049 R$/m² 3,669 R$/m²
▲8.1%
▲5.8%
▲8.4%
▲7.6%
▲8.3%
▲11.4%
▲8.0%
▲11.4%
▲8.0%
▲6.8%
14.0%
13.7%
13.0%
11.7%
13.7%
8.1%
7.7%
7.4%
7.4%
7.8%
6.0%
6.0%
5.6%
4.3%
5.9%
0.4%
1.4%
1.1%
0.7%
0.7%
97.5%
97.6%
98.1%
98.6%
98.5%
2.2%
2.0%
1.5%
1.8%
1.9%
0.2%
0.2%
0.7%
1.1%
0.5%

2Q14
298,268
272,474
31,587
186,249
341 R$/m²
186,632
301 R$/m²
187,050
343 R$/m²
75.7%
68.6%
213,596
391 R$/m²
88.6%
204,101
374 R$/m²
88.2%
143,904
264 R$/m²
2Q14
762,428 m²
562,465 m²
744,268 m²
546,092 m²
3,011,414
4,046 R$/m²
▲9.4%
▲10.1%
12.7%
7.2%
5.5%
1.0%
98.4%
2.1%
0.6%

3Q14
307,274
278,158
29,534
184,446
337 R$/m²
185,030
297 R$/m²
186,293
340 R$/m²
73.8%
67.0%
215,164
393 R$/m²
87.5%
205,393
375 R$/m²
87.0%
117,189
214 R$/m²
3Q14
762,443 m²
562,435 m²
748,126 m²
548,077 m²
2,963,155
3,961 R$/m²
▲6.1%
▲8.8%
13.1%
7.5%
5.6%
0.8%
98.8%
1.7%
0.8%

R$ 1,000
4Q14
355,476
322,497
31,335
262,723
479 R$/m²
220,679
354 R$/m²
223,815
408 R$/m²
75.3%
69.4%
258,189
471 R$/m²
88.1%
250,876
457 R$/m²
87.8%
163,247
298 R$/m²
4Q14
766,869 m²
566,892 m²
748,761 m²
548,665 m²
4,062,174
5,425 R$/m²
▲7.9%
▲9.2%
11.7%
7.4%
4.3%
0.5%
99.0%
1.7%
0.6%

1Q15
292,961
264,702
25,664
194,216
354 R$/m²
195,382
310 R$/m²
193,700
353 R$/m²
76.8%
73.2%
227,106
414 R$/m²
89.7%
219,211
399 R$/m²
89.3%
114,695
209 R$/m²
1Q15
767,849 m²
567,344 m²
749,396 m²
549,063 m²
2,916,949
3,892 R$/m²
▲4.3%
▲9.5%
13.5%
8.1%
5.4%
0.60%
98.6%
1.8%
0.5%

2Q15
287,000
258,470
32,838
201,142
366 R$/m²
195,600
311 R$/m²
186,018
339 R$/m²
76.1%
72.0%
233,145
425 R$/m²
90.1%
227,265
414 R$/m²
89.9%
138,431
252 R$/m²
2Q15
767,927 m²
567,241 m²
749,396 m²
548,961 m²
3,154,913
4,210 R$/m²
▲1.2%
▲7.0%
12.6%
7.4%
5.2%
0.55%
98.4%
1.5%
0.3%

3Q15
291,691
262,673
32,640
199,761
483 R$/m²
189,018
300 R$/m²
182,179
412 R$/m²
73.1%
69.4%
225,911
411 R$/m²
88.4%
219,038
399 R$/m²
88.1%
102,345
318 R$/m²
3Q15
769,502 m²
568,726 m²
750,132 m²
549,464 m²
3,038,406
4,050 R$/m²
▲0.6%
▲6.8%
13.0%
7.7%
5.3%
1.1%
98.1%
2.4%
0.4%

4Q15
333,586
299,581
33,422
266,527
483 R$/m²
232,149
367 R$/m²
227,259
412 R$/m²
77.8%
75.9%
273,569
496 R$/m²
90.1%
269,303
488 R$/m²
90.0%
175,219
318 R$/m²
4Q15
770,270 m²
569,454 m²
752,384 m²
551,518 m²
4,227,292
5,619 R$/m²
▲2.1%
▲6.2%
11.6%
7.5%
4.1%
0.8%
98.0%
1.9%
1.2%