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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 - 4Q13 operating indicators

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01/22/2014 | 12:34am CET

Rio de Janeiro, January 21, 2014 - Aliansce Shopping Centers S.A. (BM&FBOVESPA: ALSC3) announces its preliminary operating indicators for 4Q13.

Sales in Aliansce malls grew 19.4% in 4Q13 over the same period last year, totaling R$2.4 billion in the quarter.

The strong sales performance reflects the maturation of the malls opened in the end of 2012, the two greenfields opened in November 2013, and the opening of two expansions. The portfolio's organic growth represented 59.2% of the sales increase in 4Q13 over the same period last year.

Growth of 9.3% in same-store sales (SSS) and 10.2% in same-area sales (SAS) in the quarter

Same-store sales (SSS) reached a 9.3% growth in 4Q13 and 9.6% in 2013. Same-area sales (SAS) continued to outpace SSS for the fourteenth consecutive quarter. The growth reached 10.2% in the period, a result of continuous improvements to the tenant mix.

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

Growth of 10.6% in same-store rent (SSR) and in same-area rent (SAR)

The same-store rent (SSR) presented double digit growth for the fifth consecutive quarter, and reached 10.6% in 4Q13. The same-area rent (SAR) growth was 10.6% in the quarter.

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

Occupancy rate was 96.9% in 4Q13

The Company's occupancy rate reached 96.9% in the fourth quarter of 2013, 0.4 p.p. below the figure recorded in 3Q13. The variation reflects the opening of Parque Shopping Maceió and Shopping Parangaba in 4Q13.

Malls with more than five years of operation reached an occupancy rate of 99.2% in 4Q13.

Net late payments totaled 1.7% in 4Q13

The Company's net late payments indicator was the lowest of the last 6 quarters, reaching 1.7% in 4Q13, a fall of 0.2 p.p. and 0.6 p.p. in relation to 3Q13 and 4Q12, respectively.

Considering only debts due in the quarter, the rate was equivalent to 3.6%, the same figure as in 3Q13 and 0.3 p.p. higher than 4Q12.

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

About Aliansce S.A.
Aliansce Shopping Centers S.A. (Bovespa: ALSC3) is one of the leading shopping center developers and manages the second largest number of shopping centers in Brazil among the four publicly held companies in the sector. The Company's core business includes investments in shopping centers and provision of the following services: (i) management of shopping centers; (ii) lease of commercial spaces in shopping centers; and (iii) planning and development of shopping centers. Aliansce is a full service company operating in all development stages of a shopping center, from planning and preparation of the feasibility study, development of the project, commercialization and management of the shopping center.

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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 1,74%
P/E ratio 2016 59,21
P/E ratio 2017 25,46
EV / Sales 2016 8,32x
EV / Sales 2017 7,48x
Capitalization 2 940 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 7
Average target price 15,5  BRL
Spread / Average Target 6,8%
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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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