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BRMALLS Discloses Preliminary 4Q15 Tenants Sales and Rent Performance

Rio de Janeiro, January 25th, 2016 - BR MALLS Participações S.A.(Bovespa:BRML3), the largest shopping mall company in Brazil, announces its preliminary tenant sales and rent results, as well as the occupancy and net late payment levels for the fourth quarter of 2015 (4Q15) and the full year of 2015.


TOTAL SALES INCREASED BY 3.2% IN 2015


BRMALLS' total sales reached R$22.5 billion. Excluding our properties recently divested*, total sales recorded a 3.2% growth in 2015 over the prior year.

On 4Q15, total sales reached R$6.9 billion, a 0.3% growth* excluding our properties recently divested.


*Assets divested: Pátio Belém, Metro Tatuapé, Big Shopping, Mueller, Fashion Mall, Center Shopping and West Shopping.


0.3%


Total Sales (R$ million)


3.2%


SAME STORE SALES TOTALED 0.9% IN 4Q15 AND 3.0% IN 2015.

Our SSS grew by 0.9% over 4Q14 mainly due to a deteriorating macroeconomic scenario and a strong comparison base in 4Q14.


In 2015, our sales were negatively impacted by the performance of the electronic segment.

The leisure segment once again performed better than other segments due to the success of movie premieres during the quarter as well as malls increasingly turning into not only a shopping destination but also an important leisure center for consumers.


Same Store Sales (% growth)



Same Store Sales by Segment (4Q15)


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Same Store Rent (% growth)


SAME STORE RENT TOTALED 6.4% IN 4Q15


Our SSR was 6.4% during the quarter and 7.3% in 2015.


BRMALLS SHOPPING MALLS RECORDED A 96.9% OCCUPANCY RATE


Despite a deteriorating macroeconomic scenario, we were able to improve our occupancy rate by 10bps over 3Q15.


NET LATE PAYMENTS REGISTERED 1.9% IN 4Q15


We ended the quarter with a year low net late payment of 1.9%, a 70 bps improvement over 3Q15.

Late payments reached 5.6% on 4Q15, an improvement of 90bps over 3Q15.




Occupancy Rate (% of GLA)



Net Late Payments (%)



ABOUT BRMALLS


BRMALLS is the largest integrated mall company in Brazil, with a portfolio of 46 malls, comprising 1,650.0 thousand m² of GLA and 966.3 thousand m² of owned GLA. BRMALLS is the only shopping mall company in Brazil with nationwide presence and targeting all income segments.


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BR MALLS Participações SA issued this content on 25 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 January 2016 13:54:11 UTC

Original Document: http://ri.brmalls.com.br/download_arquivos.asp?id_arquivo=C2B71A70-3594-4231-A275-76BDA7C04705