Iguatemi SA
BOVESPA:IGTI3

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Iguatemi SA
BOVESPA:IGTI3
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Price: 3.38 BRL 0.3% Market Closed
Market Cap: R$7.8B

Iguatemi SA
Investor Relations

Iguatemi SA is a BR-based company operating in Real Estate Management & Development industry. The company is headquartered in Sao Paulo, Sao Paulo and currently employs 636 full-time employees. The company went IPO on 2018-02-01. Iguatemi SA, formerly known as Jereissati Participacoes SA, is a Brazil-based holding company engaged in the real estate development sector. Through its subsidiary, Iguatemi Empresa de Shopping Centers SA, the Company is focused on the commercial exploration and planning of shopping centers, rendering of administration services of regional shopping centers and of mixed-use real estate complexes, purchase and sale of property, exploration of rotating parking lots, mediation in the leasing of promotional spaces, as well as preparation of studies, projects and planning in promotion and merchandising. The firm holds interests in several real estate units, including Shopping Center Iguatemi Sao Paulo, Shopping Center Iguatemi Campinas, Shopping Center Iguatemi Sao Carlos, JK Iguatemi, Shopping Patio Higienopolis, Praia de Belas Shopping Center, Shopping Center Iguatemi Brasilia and Galleria Shopping, among others.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 25, 2026
AI Summary
Q4 2025

Record Sales: Iguatemi reported record total sales of BRL 25.2 billion for 2025, up 19.3% over 2024, and BRL 7.9 billion in Q4, a 12.8% increase.

Strong Rent & Occupancy: Same-store rent grew 7% annually. Occupancy reached 96.7% for the quarter and peaked at 98% in December, reflecting sustained high demand.

Operating Metrics: Net operating income (NOI) rose 16% to BRL 1.263 billion. FFO increased 6.4%. EBITDA margin for malls was 84.4% for the year.

Portfolio Expansion: Key acquisitions included stakes in Patio Paulista and other high-performing malls. A new partnership with Bradesco and American Express was signed.

Retail & Land Sales: Retail gross profit grew nearly 40%. Ongoing and planned land and lot sales (e.g., Casa Figueira) will be a recurring revenue source.

Positive 2026 Outlook: Management is optimistic for 2026 with robust sales in January (up 18.6%) and plans to continue expanding, renovating, and maintaining disciplined capital allocation.

Tax Reform Impact: The company expects the upcoming tax reform to be a net positive and feels well prepared to adapt contracts and operations.

Key Financials
Total Sales
BRL 25.2 billion
Total Sales (Q4)
BRL 7.9 billion
Same-store Rent Growth
7%
Same-area Rent Growth (Q4)
5.9%
Occupancy Rate (Q4)
96.7%
Occupancy Rate (December)
98%
Net Delinquency Rate (Q4)
-3.5%
Net Delinquency Rate (Full Year)
-0.2%
Net Operating Income (NOI)
BRL 1.263 billion
FFO
BRL 610 million
Leverage
1.88x
Cost of Debt
102% of CDI
Average Debt Term
4.7 years
Mall EBITDA Margin (Full Year)
84.4%
Total EBITDA Margin (including retail)
76.2%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Guido Barbosa de Oliveira
Chief Financial & Investor Relations Officer
No Bio Available
Mr. Charles William Krell
Chief Operating Officer
No Bio Available
Ms. Dilene Rodrigues Teixeira
Chief Legal Officer
No Bio Available

Contacts

Address
SAO PAULO
Sao Paulo
Rua Angelina Maffei Vita,200 9 andar, Jardim Paulistano
Contacts
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