Multiplan – the owner of the 20 -Shabak network – a net income of 234.044 million dollars in the first quarter of this year, was 12.4 % decrease from the same period last year, according to a balance published on Thursday (23).
According to the company, the decrease in profit was affected by an increase of 64.5 % in financial expenditures.
He added profits before benefits, taxes, depreciation and consumption (profit before interest, taxes, depreciation and firefighting) 400.615 million dollars in this period, an increase of 2.5 % in the same annual comparison base. The largest result was ever recorded for the first quarter for the third year in a row.
The Ebitda margin was 76.2 %, higher than 1.6 ° C.
FFO (net income with the exception of consumption, extinguishing and irrational monuments) reached 277.477 million dollars per quarter, and 15.3 % compared to the first third of 2024. FFO margin reached 52.8 %, and exacerbated 9.7 percentage points.
The total net revenue reached 525.677 million dollars, which is only 0.4 % in the annual comparison.
Multiplaan’s revenues with space rental in shopping centers and commercial towers grew by 5.3 % to 409.181 million dollars, with the help of the IGP-DI reset by +3.5 %, as well as the opening of new regions in Diamond Mall and Barigui Malls and the acquisition of an additional snapshot of jacarePaguá Malls.
The parking revenue increased by 10.2 % to 75.113 million dollars, due to the price modification, as well as the end of the discounts for the users of the application. Management prices grew by 14.5 % to $ 45.4 million.
In turn, revenues from real estate sales decreased by 12.5 % to 19.418 million Ran Bache. The company also cited an increase in the costs of materials due to the difficulties of suppliers affected by floods in Rio Grande de Sol.
Multiplan also decreased by 33.2 % in property expenses, to $ 28,764 million in the first quarter, due to the increase in occupation in shopping centers and the restoration of late rents.
The net Multiplan debt reached $ 4.231 billion in the first quarter, a decrease of 1 % compared to the previous quarter. Indeed, the leverage (measured between the net debt and the Ebitda) moved to 2.28 times in the first quarter, a slight decrease from 2.31 times recorded in the fourth quarter of last year, due to standard profits before benefits, taxes and destruction.
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