RIO DE JANEIRO, Nov. 13, 2024 — ALLOS (B3: ALOS3), the most comprehensive experience, entertainment, services, lifestyle, and shopping platform in Latin America announces its results for the third quarter of 2024 (3Q24).
FFO Increased by 37.2% FFO reached R$307.2 million in 3Q24, representing a 27.7% rise compared to the same period last year. FFO per share saw a 37.2% increase, driven by strong operational performance and recent share buyback programs.
Sales Growth of 8.0% and 9.2% Increase in Sales/sqm Total sales reached R$9.5 billion, marking an 8.0% year-on-year (YoY) increase. Sales/sqm reached R$1,862/sqm, experiencing a 9.2% YoY growth, fueled by mix qualification initiatives and robust portfolio management.
4.2% Increase in SSR During 3Q24, the inflation index returned to positive territory, which, combined with strong sales performance, contributed to a 4.2% rise in SSR for the quarter.
Helloo/Media Growth of 29.7% Helloo continued to show significant growth for another consecutive quarter. In 3Q24, media revenues reached R$46.1 million, representing a 29.7% increase compared to 3Q23. Media accounted for 6.7% of the company’s total gross revenue, compared to 5.2% in 2Q24.
Progress in Divestment Plan In November, documents were signed for the divestiture of four of the Company’s malls, three partial and one complete, amounting to R$579.2 million. The stakes to be sold include 20% of Carioca Shopping, 10% of Shopping Tijuca, 9.9% of Plaza Sul Shopping, and 50% of Rio Anil Shopping.
Monthly Dividends and R$777 Million Share Buyback in 2024 ALLOS has adopted the practice of distributing dividends to shareholders on a monthly basis. The Board of Directors will approve the dividend amount every three months, with R$150 million to be paid to shareholders in the 4Q24. Additionally, throughout the year, the Company repurchased R$777 million worth of its shares, representing 6.3% of the total capital.
ALLOS Raises R$2.5 Billion at CDI + 0.87% In August, R$2.5 billion was raised through two series of debentures in the institutional market, with maturities in 2031 and 2034 and a weighted average cost of CDI+0.87%. The majority of these funds were used for liability management.
ALLOS Recognized as Company of the Year by EXAME In a memorable ceremony, ALLOS was awarded the title of Company of the Year 2024 and Best Company in the Real Estate and Construction sector by the renowned magazine EXAME. This recognition celebrates the Company’s commitment to transforming the future of retail, consistently dedicated to providing exceptional experiences, serving, and delighting every day. Additionally, ALLOS was named the best company in the real estate sector by Valor Econômico.
SOURCE ALLOS S.A.