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4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Aliansce Shopping Centers SA    ALSC3   BRALSCACNOR0

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Aliansce Shopping Centers SA : Notice to the Market - 3Q13 operating indicators

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10/16/2013 | 10:06am CET

Rio de Janeiro, October 15, 2013 - Aliansce Shopping Centers S.A. (BM&FBOVESPA: ALSC3) announces its preliminary operating indicators for 3Q13.

Sales in Aliansce malls grew 19.8% in 3Q13 over the same period last year, totaling R$1.7 billion in the quarter.

The organic growth was responsible for 47.0% of the sales increase in 3Q13 over the same period last year.

Growth of 10.1% in same-store sales (SSS) and 10.9% in same-area sales (SAS) in 3Q13

Same-store sales (SSS) resumed its double-digit growth trajectory, reaching 10.1% in 3Q13. This performance, in line with the growth presented in 3Q12, confirms the non-recurrent nature of 2Q13 SSS results, when the indicator was impacted by the popular protests and the Confederations Cup.

Same-area sales (SAS) continued to outpace SSS for the thirteenth consecutive quarter. The growth reached 10.9% in the period, a result of continuous improvements to the tenant mix.

The graph below displays the evolution of SSS growth in the last three years.

Growth of 11.3% in same-store rent (SSR) and 11.4% in same-area rent (SAR)

The growth in same-store rent (SSR) maintained double-digit growth for the fourth consecutive quarter and reached 11.3% in 3Q13. This performance reflects the Company's success in converting strong sales growths into higher rents. The growth in same-area rent (SAR) was 11.4% in the quarter.

The graph below displays the evolution of SSR growth in the last three years.

Occupancy rate was 97.3% in 3Q13

The Company's occupancy rate reached 97.3% in the third quarter of 2013, 0.1 p.p. above the figure recorded in 2Q13.

Malls with more than five years of operation reached an occupancy rate of 99.3% in 3Q13.

Net late payments totaled 1.9% in 3Q13

The net late payments reached 1.9% in 3Q13, a 0.5 p.p. fall in relation to 2Q13 and in line with the 1.8% figure in 3Q12. Considering only debts due in the quarter, the rate was equivalent to 3.6%. This figure was equal to 4.0% in 2Q13 and 3.2% in 3Q12.

To access the full Notice to the Market, please, click here.

For additional information, please contact the Investor Relations department:

Investor Relations
Phone: +55 (21) 2176-7272
Fax: +55 (21) 2176-7229

About Aliansce S.A.
Aliansce Shopping Centers S.A. (Bovespa: ALSC3) is a leading mall developer and manages the second-highest number of malls in Brazil among the sector's publicly traded companies. Aliansce's core business is investing in shopping malls and providing the following services: (i) management of shopping malls; (ii) commercialization of shopping malls; and (iii) planning and development of shopping malls. Aliansce is a full service company with expertise in every phase of the mall installation process, from the project's planning and development and the mall's launch, to management of the structural, financial, commercial, legal and operational aspects.

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Financials ( BRL)
Sales 2016 523 M
EBIT 2016 307 M
Net income 2016 40,0 M
Debt 2016 1 414 M
Yield 2016 1,81%
P/E ratio 2016 57,17
P/E ratio 2017 24,58
EV / Sales 2016 8,12x
EV / Sales 2017 7,30x
Capitalization 2 838 M
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Aliansce Shopping Centers  Technical Analysis Chart | ALSC3 | BRALSCACNOR0 | 4-Traders
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Mean consensus HOLD
Number of Analysts 8
Average target price 15,5  BRL
Spread / Average Target 11%
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Renato Feitosa Rique Chief Executive Officer & Director
Délcio Lage Mendes Chairman & Chief Operating Officer
Renato Ribeiro de Andrade Botelho Chief Financial Officer
Carlos Alberto Vieira Independent Director
Peter Ballon Director
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