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Portfolio dos Shoppings em Operação Mar-06 Jun-06

ABL Total Estado 1T06 2T06


BHShopping MG 35,450 m² 35,450 m²
RibeirãoShopping SP 39,130 m² 39,130 m²
BarraShopping RJ 69,138 m² 69,355 m²
MorumbiShopping SP 49,670 m² 49,665 m²
ParkShopping DF 39,276 m² 39,276 m²
DiamondMall MG 20,757 m² 20,757 m²
New York City Center RJ 22,067 m² 22,067 m²
Shopping AnáliaFranco SP 39,310 m² 39,310 m²
ParkShoppingBarigüi PR 39,022 m² 39,022 m²
Pátio Savassi MG 0 m² 0 m²
Shopping SantaÚrsula SP 0 m² 0 m²
BarraShoppingSul RS 14,400 m² 14,400 m²
Shopping VilaOlímpia SP 0 m² 0 m²
Total do Portfolio 368,220 m² 368,432 m²

Participação MTE Estado 1T06 2T06


BHShopping MG 80.0% 80.0%
RibeirãoShopping SP 56.2% 56.2%
BarraShopping RJ 51.1% 51.1%
MorumbiShopping SP 51.7% 51.7%
ParkShopping DF 60.0% 60.0%
DiamondMall MG 45.0% 45.0%
New York City Center RJ 50.0% 50.0%
Shopping AnáliaFranco SP 30.0% 30.0%
ParkShoppingBarigüi PR 90.0% 90.0%
Pátio Savassi MG 0.0% 0.0%
Shopping SantaÚrsula SP 0.0% 0.0%
BarraShoppingSul RS 50.0% 50.0%
Shopping VilaOlímpia SP 0.0% 0.0%
Total do Portfolio 56.9% 56.9%

ABL Próprio Estado 1T06 2T06


BHShopping MG 28,360 m² 28,360 m²
RibeirãoShopping SP 21,979 m² 21,979 m²
BarraShopping RJ 35,308 m² 35,419 m²
MorumbiShopping SP 25,683 m² 25,680 m²
ParkShopping DF 23,559 m² 23,559 m²
DiamondMall MG 9,341 m² 9,341 m²
New York City Center RJ 11,034 m² 11,034 m²
Shopping AnáliaFranco SP 11,793 m² 11,793 m²
ParkShoppingBarigüi PR 35,119 m² 35,119 m²
Pátio Savassi MG 0 m² 0 m²
Shopping SantaÚrsula SP 0 m² 0 m²
BarraShoppingSul RS 7,200 m² 7,200 m²
Shopping VilaOlímpia SP 0 m² 0 m²
Total do Portfolio 209,376 m² 209,484 m²

Abl total média Estado 1T06 2T06


BHShopping MG 35,450 m² 35,450 m²
RibeirãoShopping SP 39,295 m² 39,130 m²
BarraShopping RJ 69,138 m² 69,280 m²
MorumbiShopping SP 49,670 m² 49,656 m²
ParkShopping DF 39,297 m² 39,276 m²
DiamondMall MG 20,757 m² 20,757 m²
New York City Center RJ 22,067 m² 22,067 m²
Shopping AnáliaFranco SP 39,310 m² 39,310 m²
ParkShoppingBarigüi PR 39,028 m² 39,022 m²
Pátio Savassi MG 0 m² 0 m²
Shopping SantaÚrsula SP 0 m² 0 m²
BarraShoppingSul RS 0 m² 0 m²
Shopping VilaOlímpia SP 0 m² 0 m²
Total do Portfolio 354,013 m² 353,948 m²

Abl própria média Estado 1T06 2T06


BHShopping MG 28,360 m² 28,360 m²
RibeirãoShopping SP 22,072 m² 21,979 m²
BarraShopping RJ 35,308 m² 35,381 m²
MorumbiShopping SP 25,683 m² 25,676 m²
ParkShopping DF 23,571 m² 23,559 m²
DiamondMall MG 9,341 m² 9,341 m²
New York City Center RJ 11,034 m² 11,034 m²
Shopping AnáliaFranco SP 11,793 m² 11,793 m²
ParkShoppingBarigüi PR 35,125 m² 35,119 m²
Pátio Savassi MG 0 m² 0 m²
Shopping SantaÚrsula SP 0 m² 0 m²
BarraShoppingSul RS 0 m² 0 m²
Shopping VilaOlímpia SP 0 m² 0 m²
Total do Portfolio 202,287 m² 202,241 m²

Taxa de Ocupação Média Estado 1T06 2T06


BHShopping MG 96.5% 95.8%
RibeirãoShopping SP 98.5% 98.2%
BarraShopping RJ 98.5% 98.2%
MorumbiShopping SP 93.1% 95.8%
ParkShopping DF 93.7% 93.9%
DiamondMall MG 94.1% 94.9%
New York City Center RJ 98.7% 98.7%
Shopping AnáliaFranco SP 94.6% 94.6%
ParkShoppingBarigüi PR 88.2% 96.1%
Pátio Savassi MG 0.0% 0.0%
Shopping SantaÚrsula SP 0.0% 0.0%
BarraShoppingSul RS 0.0% 0.0%
Shopping VilaOlímpia SP 0.0% 0.0%
Total do Portfolio 95.2% 96.3%
Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08
3T06 4T06 1T07 2T07 3T07 4T07 1T08
35,450 m² 35,450 m² 35,450 m² 35,450 m² 35,450 m² 35,450 m² 34,739 m²
39,130 m² 39,130 m² 39,130 m² 39,130 m² 39,188 m² 39,188 m² 39,188 m²
69,312 m² 69,312 m² 69,312 m² 69,316 m² 69,825 m² 69,825 m² 69,829 m²
49,774 m² 54,987 m² 54,967 m² 54,967 m² 54,999 m² 54,999 m² 54,958 m²
39,276 m² 39,276 m² 39,276 m² 39,293 m² 39,293 m² 39,293 m² 39,775 m²
20,757 m² 20,757 m² 20,757 m² 20,757 m² 20,806 m² 20,806 m² 20,806 m²
22,067 m² 22,067 m² 22,067 m² 22,068 m² 22,068 m² 22,068 m² 22,068 m²
39,310 m² 39,310 m² 39,310 m² 39,310 m² 39,310 m² 39,310 m² 39,310 m²
38,793 m² 38,791 m² 38,794 m² 41,389 m² 41,395 m² 41,395 m² 41,405 m²
0 m² 0 m² 0 m² 17,534 m² 15,545 m² 15,545 m² 15,538 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
14,400 m² 14,400 m² 14,400 m² 14,400 m² 14,400 m² 14,400 m² 14,400 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
368,269 m² 373,480 m² 373,464 m² 393,615 m² 392,279 m² 392,279 m² 392,015 m²

3T06 4T06 1T07 2T07 3T07 4T07 1T08


80.0% 80.0% 80.0% 80.0% 80.0% 80.0% 80.0%
56.2% 56.2% 76.2% 76.2% 76.2% 76.2% 76.2%
51.1% 51.1% 51.1% 51.1% 51.1% 51.1% 51.1%
51.7% 56.3% 56.3% 56.3% 56.3% 65.8% 65.8%
60.0% 60.0% 60.0% 60.0% 60.0% 60.0% 60.0%
45.0% 45.0% 90.0% 90.0% 90.0% 90.0% 90.0%
50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0%
30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0%
90.0% 90.0% 90.0% 90.0% 84.0% 84.0% 84.0%
0.0% 0.0% 0.0% 83.8% 83.8% 83.8% 83.8%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 37.5%
50.0% 50.0% 100.0% 100.0% 100.0% 100.0% 100.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
56.8% 57.4% 64.0% 65.0% 64.3% 65.6% 65.6%

3T06 4T06 1T07 2T07 3T07 4T07 1T08


28,360 m² 28,360 m² 28,360 m² 28,360 m² 28,360 m² 28,360 m² 27,791 m²
21,979 m² 21,979 m² 29,805 m² 29,805 m² 29,850 m² 29,850 m² 29,850 m²
35,397 m² 35,397 m² 35,397 m² 35,399 m² 35,659 m² 35,659 m² 35,661 m²
25,736 m² 30,951 m² 30,940 m² 30,940 m² 30,958 m² 36,179 m² 36,152 m²
23,559 m² 23,559 m² 23,559 m² 23,569 m² 23,569 m² 23,569 m² 23,856 m²
9,341 m² 9,341 m² 18,681 m² 18,681 m² 18,725 m² 18,725 m² 18,725 m²
11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,034 m²
11,793 m² 11,793 m² 11,793 m² 11,793 m² 11,793 m² 11,793 m² 11,793 m²
34,913 m² 34,912 m² 34,915 m² 37,250 m² 34,772 m² 34,772 m² 34,780 m²
0 m² 0 m² 0 m² 14,695 m² 13,028 m² 13,028 m² 13,022 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
7,200 m² 7,200 m² 14,400 m² 14,400 m² 14,400 m² 14,400 m² 14,400 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
209,312 m² 214,525 m² 238,883 m² 255,927 m² 252,147 m² 257,369 m² 257,063 m²

3T06 4T06 1T07 2T07 3T07 4T07 1T08


35,450 m² 35,450 m² 35,450 m² 35,450 m² 35,450 m² 35,450 m² 35,219 m²
39,130 m² 39,130 m² 39,130 m² 39,130 m² 39,130 m² 39,188 m² 39,188 m²
69,326 m² 69,312 m² 69,312 m² 69,313 m² 69,653 m² 69,826 m² 69,829 m²
49,697 m² 53,578 m² 54,979 m² 54,967 m² 54,988 m² 54,999 m² 54,985 m²
39,276 m² 39,276 m² 39,276 m² 39,288 m² 39,293 m² 39,295 m² 39,453 m²
20,757 m² 20,757 m² 20,757 m² 20,757 m² 20,757 m² 20,806 m² 20,806 m²
22,067 m² 22,067 m² 22,067 m² 22,068 m² 22,068 m² 22,068 m² 22,248 m²
39,310 m² 39,310 m² 39,310 m² 39,310 m² 39,310 m² 39,310 m² 39,310 m²
38,945 m² 38,791 m² 38,792 m² 41,389 m² 41,393 m² 41,397 m² 41,404 m²
0 m² 0 m² 15,545 m² 15,545 m² 15,545 m² 15,545 m² 15,540 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
353,959 m² 357,671 m² 374,618 m² 377,217 m² 377,588 m² 377,884 m² 377,981 m²

3T06 4T06 1T07 2T07 3T07 4T07 1T08


28,360 m² 28,360 m² 28,360 m² 28,360 m² 28,360 m² 28,360 m² 28,175 m²
21,979 m² 21,979 m² 29,805 m² 29,805 m² 29,805 m² 29,850 m² 29,850 m²
35,404 m² 35,397 m² 35,397 m² 35,398 m² 35,571 m² 35,660 m² 35,661 m²
25,697 m² 30,158 m² 30,946 m² 30,940 m² 30,952 m² 36,179 m² 36,170 m²
23,559 m² 23,559 m² 23,559 m² 23,566 m² 23,569 m² 23,570 m² 23,662 m²
9,341 m² 9,341 m² 18,681 m² 18,681 m² 18,681 m² 18,725 m² 18,725 m²
11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,124 m²
11,793 m² 11,793 m² 11,793 m² 11,793 m² 11,793 m² 11,793 m² 11,793 m²
35,051 m² 34,912 m² 34,913 m² 37,250 m² 34,770 m² 34,774 m² 34,779 m²
0 m² 0 m² 0 m² 13,028 m² 13,028 m² 13,028 m² 13,023 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
202,217 m² 206,532 m² 224,488 m² 239,855 m² 237,563 m² 242,972 m² 242,963 m²

3T06 4T06 1T07 2T07 3T07 4T07 1T08


96.1% 96.5% 96.3% 94.9% 93.9% 92.6% 94.7%
98.6% 99.6% 99.5% 98.8% 98.8% 98.4% 97.9%
98.0% 97.4% 97.3% 97.7% 97.6% 95.6% 97.5%
92.9% 99.2% 99.8% 99.3% 99.2% 99.2% 99.7%
94.0% 93.8% 97.0% 98.5% 98.3% 98.2% 97.6%
95.1% 94.9% 93.8% 94.9% 95.9% 97.1% 97.4%
98.7% 98.4% 97.5% 98.9% 99.6% 99.6% 99.6%
94.6% 94.3% 94.3% 94.3% 94.3% 94.3% 97.7%
97.9% 98.8% 98.2% 98.1% 97.9% 98.1% 98.8%
0.0% 0.0% 0.0% 99.5% 99.5% 98.8% 98.8%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
96.2% 97.2% 97.4% 97.6% 97.5% 97.0% 97.9%

*Estes percentuais não incluem o Shopping Santa Úrsula, BarraShoppingSul, Sh


Jun-08 Sep-08 Dec-08 Jan-09 Jun-09 Sep-09 Dec-09
2T08 3T08 4T08 1T09 2T09 3T09 4T09
35,105 m² 35,022 m² 36,895 m² 36,895 m² 36,899 m² 36,899 m² 36,899 m²
39,188 m² 39,188 m² 46,221 m² 46,221 m² 46,221 m² 46,846 m² 46,846 m²
69,812 m² 69,775 m² 69,501 m² 69,503 m² 69,320 m² 69,317 m² 69,318 m²
54,958 m² 54,958 m² 54,988 m² 54,988 m² 54,988 m² 54,988 m² 55,085 m²
39,775 m² 39,775 m² 43,210 m² 43,178 m² 43,178 m² 43,215 m² 51,512 m²
20,808 m² 20,809 m² 20,809 m² 21,360 m² 21,360 m² 21,360 m² 21,360 m²
22,068 m² 22,068 m² 22,068 m² 22,068 m² 22,068 m² 22,269 m² 22,269 m²
39,310 m² 39,310 m² 39,310 m² 39,310 m² 39,309 m² 50,972 m² 50,972 m²
41,411 m² 41,409 m² 42,968 m² 42,968 m² 42,975 m² 42,978 m² 42,986 m²
15,537 m² 16,172 m² 16,172 m² 16,172 m² 16,319 m² 16,319 m² 16,319 m²
24,043 m² 24,043 m² 24,043 m² 24,043 m² 24,043 m² 24,043 m² 24,043 m²
14,400 m² 14,400 m² 68,187 m² 68,187 m² 68,192 m² 68,041 m² 68,041 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 28,091 m²
416,416 m² 416,928 m² 484,373 m² 484,894 m² 484,873 m² 497,248 m² 533,741 m²

2T08 3T08 4T08 1T09 2T09 3T09 4T09


80.0% 80.0% 80.0% 80.0% 80.0% 80.0% 80.0%
76.2% 76.2% 76.2% 76.2% 76.2% 76.2% 76.2%
51.1% 51.1% 51.1% 51.1% 51.1% 51.1% 51.1%
65.8% 65.8% 65.8% 65.8% 65.8% 65.8% 65.8%
59.9% 59.9% 59.1% 59.1% 59.1% 59.1% 59.6%
90.0% 90.0% 90.0% 90.0% 90.0% 90.0% 90.0%
50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0%
30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0%
84.0% 84.0% 84.0% 84.0% 84.0% 84.0% 84.0%
83.8% 83.8% 83.8% 83.8% 83.8% 80.9% 80.9%
37.5% 37.5% 37.5% 37.5% 37.5% 37.5% 37.5%
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 30.0%
64.0% 64.0% 68.2% 68.2% 68.2% 67.2% 65.2%

2T08 3T08 4T08 1T09 2T09 3T09 4T09


28,084 m² 28,018 m² 29,516 m² 29,516 m² 29,519 m² 29,519 m² 29,519 m²
29,850 m² 29,850 m² 35,207 m² 35,207 m² 35,207 m² 35,682 m² 35,682 m²
35,652 m² 35,633 m² 35,494 m² 35,495 m² 35,401 m² 35,400 m² 35,400 m²
36,142 m² 36,142 m² 36,161 m² 36,161 m² 36,161 m² 36,161 m² 36,225 m²
23,808 m² 23,808 m² 25,526 m² 25,507 m² 25,510 m² 25,528 m² 30,717 m²
18,728 m² 18,728 m² 18,728 m² 19,224 m² 19,224 m² 19,224 m² 19,224 m²
11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,135 m² 11,135 m²
11,793 m² 11,793 m² 11,793 m² 11,793 m² 11,793 m² 15,292 m² 15,292 m²
34,785 m² 34,783 m² 36,093 m² 36,093 m² 36,099 m² 36,101 m² 36,108 m²
13,021 m² 13,553 m² 13,553 m² 13,553 m² 13,677 m² 13,198 m² 13,198 m²
9,016 m² 9,016 m² 9,016 m² 9,016 m² 9,016 m² 9,016 m² 9,016 m²
14,400 m² 14,400 m² 68,187 m² 68,187 m² 68,192 m² 68,041 m² 68,041 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 8,427 m²
266,314 m² 266,759 m² 330,308 m² 330,786 m² 330,833 m² 334,298 m² 347,985 m²

2T08 3T08 4T08 1T09 2T09 3T09 4T09


35,004 m² 35,004 m² 36,912 m² 36,895 m² 36,898 m² 36,899 m² 36,899 m²
39,188 m² 39,188 m² 41,530 m² 46,221 m² 46,221 m² 46,626 m² 46,846 m²
69,812 m² 69,787 m² 69,482 m² 69,503 m² 69,377 m² 69,322 m² 69,318 m²
54,958 m² 54,958 m² 54,988 m² 54,988 m² 54,988 m² 54,988 m² 55,085 m²
39,775 m² 39,775 m² 42,910 m² 43,189 m² 43,178 m² 43,207 m² 51,531 m²
20,808 m² 20,809 m² 20,809 m² 21,344 m² 21,360 m² 21,360 m² 21,360 m²
22,068 m² 22,068 m² 22,068 m² 22,068 m² 22,068 m² 22,269 m² 22,269 m²
39,310 m² 39,310 m² 39,310 m² 39,310 m² 39,310 m² 48,667 m² 50,972 m²
41,410 m² 41,408 m² 41,928 m² 42,968 m² 42,970 m² 42,978 m² 42,986 m²
15,537 m² 16,172 m² 16,172 m² 16,172 m² 16,319 m² 16,319 m² 16,319 m²
16,029 m² 24,043 m² 24,043 m² 24,043 m² 24,043 m² 24,043 m² 24,043 m²
0 m² 0 m² 50,258 m² 68,187 m² 68,192 m² 68,089 m² 68,089 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 17,736 m²
393,900 m² 402,522 m² 460,410 m² 484,888 m² 484,925 m² 494,769 m² 523,453 m²

2T08 3T08 4T08 1T09 2T09 3T09 4T09


28,004 m² 28,003 m² 29,530 m² 29,516 m² 29,518 m² 29,519 m² 29,519 m²
29,850 m² 29,850 m² 31,633 m² 35,207 m² 35,207 m² 35,515 m² 35,682 m²
35,652 m² 35,640 m² 35,484 m² 35,495 m² 35,431 m² 35,403 m² 35,400 m²
36,142 m² 36,142 m² 36,161 m² 36,161 m² 36,161 m² 36,161 m² 36,225 m²
23,808 m² 23,808 m² 25,348 m² 25,513 m² 25,510 m² 25,523 m² 30,728 m²
18,728 m² 18,728 m² 18,728 m² 19,210 m² 19,224 m² 19,224 m² 19,224 m²
11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,034 m² 11,135 m² 11,135 m²
11,793 m² 11,793 m² 11,793 m² 11,793 m² 11,793 m² 14,600 m² 15,292 m²
34,785 m² 34,783 m² 35,220 m² 36,093 m² 36,095 m² 36,102 m² 36,108 m²
13,021 m² 13,553 m² 13,553 m² 13,553 m² 13,677 m² 13,198 m² 13,198 m²
6,011 m² 9,016 m² 9,016 m² 9,016 m² 9,016 m² 9,016 m² 9,016 m²
0 m² 0 m² 50,258 m² 68,187 m² 68,192 m² 68,089 m² 68,089 m²
0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 5,321 m²
248,827 m² 252,350 m² 307,759 m² 330,778 m² 330,858 m² 333,486 m² 344,938 m²

2T08 3T08 4T08 1T09 2T09 3T09 4T09


95.4% 95.8% 97.2% 99.1% 99.3% 99.4% 99.3%
98.5% 98.7% 97.4% 96.8% 96.8% 96.4% 97.4%
97.3% 97.6% 98.9% 98.0% 99.0% 99.4% 99.3%
99.5% 99.4% 99.4% 99.6% 100.0% 99.2% 99.4%
98.0% 97.1% 96.0% 96.9% 97.6% 97.3% 99.5%
97.7% 96.9% 97.7% 99.1% 99.5% 99.8% 99.5%
99.6% 98.4% 98.2% 97.5% 97.9% 99.8% 99.6%
99.4% 99.6% 99.1% 98.6% 98.8% 96.9% 99.4%
98.7% 98.5% 99.2% 99.1% 99.2% 98.7% 98.6%
98.7% 98.5% 99.1% 98.8% 99.5% 99.4% 99.6%
87.1% 82.4% 72.5% 69.8% 67.9% 65.9% 65.8%
0.0% 0.0% 94.1% 93.9% 94.0% 94.0% 98.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 87.8%
98.2% 98.1% 98.3% 98.3% 98.7% 98.4% 99.1%

sula, BarraShoppingSul, Shopping VilaOlímpia e expansões inauguradas em 4T08


38777 38869 38961 39052
Demonstração de Resultados 1T06 2T06 3T06 4T06
Locação de lojas 29,557 47,994 44,269 71,259
Serviços 10,987 13,740 11,657 8,360
Cessão de direitos 2,069 3,402 3,353 4,782
Receitas de estacionamento 1,690 2,362 2,288 3,082
Venda de imóveis 5,718 2,062 5,206 2,585
Outras 63 2 - -
Receita Bruta 50,084 69,562 66,773 90,068
Impostos e contribuições sobre vendas e serviços(4,352)
prestados (5,469) (5,461) (8,236)
Receita Líquida 45,732 64,093 61,313 81,833
Sede (15,995) (17,316) (19,199) (15,014)
Despesas remuneradas baseada em opções de ações- - - -
Despesas não recorrentes (4,967) (5,337) (3,548) (6,229)
Shopping centers (4,286) (9,207) (7,551) (11,826)
Projetos - - - -
Estacionamento - - - -
Custo dos imóveis vendidos (2,936) (1,366) (2,738) (1,658)
Resultado de equivalência patrimonial (575) 1,278 (1,405) (826)
Amortização do ágio (5,783) (21,375) (28,694) (27,594)
Receitas financeiras 3,443 2,725 2,781 2,570
Despesas financeiras (2,662) (5,248) (2,057) (4,630)
Despesas Financeiras não-recorrentes (5,968) (24,562) - -
Depreciações e amortizações (3,794) (4,582) (4,170) (4,965)
Outras receitas (despesas) operacionais (891) 260 613 522
(Lucro) prejuízo operacional 1,317 (20,636) (4,655) 12,182
Lucro não operacional 571 1,124 (744) (2)
Lucro (prejuízo) antes do imposto de renda,1,888 da contribuição
(19,512)
social e da(5,399)
participação12,180
de minoritários
Imposto de renda e contribuição social (5,291) (5,909) (1,816) (603)
Imposto de renda e contribuição social diferidos 2,627 (3,453) - 1,150
Participação dos acionistas minoritários (4,281) (1,746) (1,140) (886)
(Lucro líquido) / Prejuízo do período (5,056) (30,620) (8,355) 11,841

EBITDA 10,684 8,967 26,741 46,800


EBITDA ajustado 21,620 38,866 30,289 53,029
NOI 26,961 41,149 39,006 62,516
FFO Ajustado 15,457 25,236 28,057 50,629
Lucro Líquido Ajustado 11,663 20,654 23,887 45,664

Efeito ABL
ABL Total 368,220 m² 368,432 m² 368,269 m² 373,480 m²
ABL Própria 209,376 m² 209,484 m² 209,312 m² 214,525 m²
ABL Total Média 354,013 m² 353,948 m² 353,959 m² 357,671 m²
ABL Própria Média 202,287 m² 202,241 m² 202,217 m² 206,532 m²
ABL Total Média Ajustada 354,013 m² 353,948 m² 353,959 m² 357,671 m²
ABL Própria Média Ajustada 202,287 m² 202,241 m² 202,217 m² 206,532 m²

BarraShoppingSul (BIG) 0 m² 0 m² 0 m² 0 m²

Participação Multiplan
BarraShoppingSul (BIG) 0 m² 0 m² 0 m² 0 m²
RibeirãoShopping (20% adicionais) 0 m² 0 m² 0 m² 0 m²
Pátio Savassi 0 m² 0 m² 0 m² 0 m²

Observações:
Para cálculo dos indicadores R$/m²
1. Não considerar o BIG
2. Não considerar a participação adicional no RBS (20%) - dez/2006
3. Não considerar o Pátio Savassi no 2T07

O montante total da linha relativa à remuneração em opções de ações para o ano de 2008 foi apropriado em 4T08.

Essa linha foi ajustada para fins de comparação com o resultado do segundo trimestre de 2009. O ajuste foi o efeito

Os números foram ajustados para a nova linha de projetos

1,862,264 26.5 49,349,996.00

3,500 2,600
39142 39234 39326 39417 39508 39600
1T07 2T07 3T07 4T07 1T08 2T08 3T08
52,453 54,368 55,572 77,001 60,564 68,772 67,994
10,873 12,116 12,942 16,401 11,254 21,716 18,604
4,567 4,859 4,385 5,091 4,764 8,717 3,606
4,025 9,723 11,637 13,333 12,724 14,779 18,989
5,175 5,188 8,545 154 - - 2,268
0 - (0) 384 33 0 -
77,093 86,254 93,081 112,364 89,339 113,984 111,461
(6,729) (7,490) (7,986) (10,194) (8,447) (9,878) (10,363)
70,364 78,764 85,095 102,170 80,892 104,107 101,098
(9,666) (15,620) (13,069) (17,551) (11,671) (27,539) (20,119)
- - - - (318) (318) (318)
- (1,361) (11,983) - - - -
(8,942) (10,309) (13,583) (14,032) (14,633) (11,972) (11,132)
- - - - (86) (644) (2,279)
(1,463) (5,061) (6,209) (6,437) (6,500) (6,600) (7,828)
(2,998) (2,971) (5,012) (1,638) - - (884)
1,577 596 1,660 4,194 2,603 2,120 (1,640)
(28,177) (28,177) (30,022) (31,884) (31,428) (31,477) (31,337)
1,367 1,697 8,835 11,570 15,622 9,503 6,863
(5,745) (6,139) (5,771) (4,595) (7,932) (9,468) (5,117)
- - (23,700) - - - -
(5,172) (5,285) (5,993) (7,263) (7,584) (8,248) (7,732)
670 88 53 434 623 (54) 221
11,816 6,222 (19,698) 34,968 19,587 19,410 19,796
1,005 (22) 0 74 - - (65)
12,821 6,200 (19,698) 35,042 19,587 19,410 19,731
(2,297) 616 842 (975) (770) (723) (4,086)
(194) (120) (6,412) (4,504) (5,710) (5,775) (6,359)
26 (21) (81) (88) (145) (172) (201)
10,356 6,675 (25,348) 29,474 12,962 12,739 9,086

50,547 44,103 13,253 67,213 50,910 59,100 57,054


50,547 45,464 48,936 67,213 50,910 59,100 57,054
46,073 48,721 47,418 69,865 52,155 64,979 68,023
43,704 41,498 46,350 68,621 57,685 58,239 48,155
38,532 36,214 40,357 61,358 50,101 49,991 40,423

373,464 m² 393,615 m² 392,279 m² 392,279 m² 392,015 m² 416,416 m² 416,928 m²


238,883 m² 255,927 m² 252,147 m² 257,369 m² 257,063 m² 266,314 m² 266,759 m²
374,618 m² 377,217 m² 377,588 m² 377,884 m² 377,981 m² 393,900 m² 402,522 m²
224,488 m² 239,855 m² 237,563 m² 242,972 m² 242,963 m² 248,827 m² 252,350 m²
374,618 m² 377,217 m² 377,588 m² 377,884 m² 377,981 m² 393,900 m² 402,522 m²
216,662 m² 219,001 m² 229,738 m² 235,135 m² 235,126 m² 248,827 m² 252,350 m²

0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²

0 m² 0 m² 0 m² 0 m² 0 m² 0 m² 0 m²
7,826 m² 7,826 m² 7,826 m² 7,838 m² 7,838 m² 0 m² 0 m²
0 m² 13,028 m² 0 m² 0 m² 0 m² 0 m² 0 m²
8 foi apropriado em 4T08. Essa despesa total de 2008 de R$1,3 Milhões foi dividida em partes iguais pelos quatro trimestres do ano

2009. O ajuste foi o efeito da aplicação do pronunciamento técnico CPC 02, aprovado pela deliberação da CVM nº 354, de 29 de jan
4T08 1T09 2T09 3T09 4T09
97,923 79,389 81,498 81,759 123,533
14,521 15,389 18,107 22,005 17,870
4,155 5,168 6,034 8,108 7,680
21,016 17,700 23,106 23,753 30,771
513 427 882 3,458 7,103
(0) - 89 603 307
138,129 118,074 129,717 139,686 187,264
(12,995) (9,972) (12,348) (13,165) (16,149)
125,134 108,102 117,369 126,521 171,114
(19,791) (18,479) (25,064) (18,694) (25,946)
(318) (510) (807) (1,051) (1,048)
- - - - -
(11,979) (15,834) (13,374) (16,957) (15,846)
(4,322) (1,088) (1,554) (4,415) (12,214)
(8,992) (7,160) (10,299) (9,893) (13,020)
(267) (233) (481) (3,298) (4,527)
526 (6,198) (3,354) (5,903) (4,575)
(30,469) - - - 0
2,311 4,362 5,063 6,884 19,965
(8,237) (9,745) (10,707) (9,753) (11,183)
- - -
(7,846) (9,657) (9,974) (9,680) (10,323)
172 1,263 1,094 19,822 259
35,922 44,823 47,911 73,583 92,657

35,922 44,823 47,911 73,583 92,657


(7,221) (1,286) (2,254) (2,291) (9,627)
10,764 784 284 (22,672) (50,473)
(248) (227) (228) 89 377
39,217 44,094 45,712 48,709 32,934

80,163 59,863 63,529 86,132 94,198


80,163 59,863 63,529 86,132 94,198
97,968 74,096 80,931 78,662 125,438
66,768 52,967 55,402 81,061 93,730
58,922 43,310 45,428 71,381 83,407

484,373 m² 484,894 m² 484,873 m² 497,248 m² 533,741 m²


330,308 m² 330,786 m² 330,833 m² 334,298 m² 347,985 m²
460,410 m² 484,888 m² 484,925 m² 494,769 m² 523,453 m²
307,759 m² 330,778 m² 330,858 m² 333,486 m² 344,938 m²
446,010 m² 470,488 m² 470,525 m² 480,369 m² 509,053 m²
293,359 m² 316,378 m² 316,458 m² 319,086 m² 330,538 m²

14,400 m² 14,400 m² 14,400 m² 14,400 m² 14,400 m²

14,400 m² 14,400 m² 14,400 m² 14,400 m² 14,400 m²


0 m² 0 m² 0 m² 0 m² 0 m²
0 m² 0 m² 0 m² 0 m² 0 m²
is pelos quatro trimestres do ano, para efeitos de comparação.

ção da CVM nº 354, de 29 de janeiro de 2008


Balanço Patrimonial Mar-06 Jun-06 Sep-06

ATIVO 1T06 2T06 3T06

Circulante
Disponibilidades e valores equivalentes 26,739 232,631 59,841
Contas a receber 38,134 40,421 36,072
Valores a receber 2,491 2,651 2,709
Empréstimos e adiantamentos diversos - - 5,026
Créditos com partes relacionadas 8,959 6,046 -
Impostos e contribuições sociais a compensar 21,632 10,786 4,986
Imposto de renda e contribuição social diferidos - - -
Outros 3,218 89 108
Total Circulante 101,173 292,624 108,742

Ativo não Circulante


Créditos a receber de empresas relacionadas 4,978 1,103 1,601
Contas a receber - - -
Valores a receber 990 941 941
Terrenos e imóveis a comercializar 2,767 3,477 4,198
Empréstimos e adiantamentos diversos 2,533 5,471 4,593
Depósitos judiciais 13,852 14,245 14,276
Imposto de renda e contribuição social diferidos 11,928 6,469 6,469
Outros 502 45 45
Investimentos 343,266 176,344 1,948
Imobilizado 580,756 546,760 557,373
Intangível - - -
Diferido 10,245 377,528 524,123
Total do Ativo não Circulante 971,817 1,132,383 1,115,567

Total Ativo 1,072,989 1,425,007 1,224,309

PASSIVO 1T06 2T06 3T06

Circulante
Empréstimos e financiamentos 632,406 14,075 9,655
Aquisição de Ações 6,896 - 201
Contas a pagar 3,446 5,908 7,973
Obrigações por aquisição de bens 17,937 16,744 61,063
Impostos e contribuições a recolher 30,235 13,217 6,763
Parcelamento de impostos 1,403 1,775 1,524
Dividendos propostos 3,499 2,166 551
Receitas Diferidas* - - -
Valores a pagar a partes relacionadas - - (201)
Debêntures - - -
Adiantamentos de clientes 4,088 5,323 -
Outros 1,479 1,439 1,814
Total do Passivo Circulante 701,390 60,647 89,343

Passivo não Circulante


Empréstimos e financiamentos 38,691 36,990 40,068
Debêntures
Aquisição de Ações 10,295 5,382 -
Débitos com partes relacionadas 100 272,295 77
Obrigações por aquisição de bens - - 50,435
Parcelamento de impostos 2,238 2,215 1,912
Provisão para contingências 18,614 18,329 18,329
Receitas Diferidas* 58,047 54,977 53,362
Total do Passivo não Circulante 127,985 390,189 164,182

Participação dos acionistas minoritários 87,791 503 79

Patrimônio líquido
Capital social 160,296 264,419 264,419
Reservas de Capital - 745,877 745,877
Reserva de lucros - - -
Lucros (prejuízos) acumulados (4,472) (36,629) (39,591)
Gastos com emissão de ações - - -
Ajustes de avaliação patrimonial - - -
Ações em tesouraria - - -
Total Patrimônio Líquido 155,823 973,667 970,706

Total Passivo 1,072,989 1,425,007 1,224,309

*Resultados de exercícios futuros foi reclassificada para Receitas diferidas


Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08

4T06 1T07 2T07 3T07 4T07 1T08

10,598 11,268 12,039 475,243 416,445 362,596


52,593 52,000 45,996 58,830 80,220 64,620
1,353 1,113 897 817 - -
3,002 - - - 3,087 28,108
1,209 5,116 41,850 3,884 - -
5,224 5,846 6,837 8,210 11,384 15,444
- - - - 16,840 28,506
369 230 152 - 172 664
74,348 75,574 107,771 546,983 528,148 499,938

1,123 1,145 1,192 - 1,201 1,300


7,096 - 355 210 16,106 17,806
680 544 10,995 12,088 - -
26,728 39,152 74,719 76,032 76,810 77,036
3,564 2,294 3,062 2,915 1,569 1,605
14,276 14,335 14,222 14,404 - -
7,165 6,971 193,963 187,815 166,208 149,094
46 44 44 840 1,431 3,812
41,122 42,471 42,804 153,784 48,561 11,613
612,394 641,303 644,750 711,650 916,278 1,087,241
480,069 - - - 427,793 396,639
14,086 463,819 441,349 416,904 26,311 34,401
1,208,349 1,212,080 1,427,454 1,576,642 1,682,267 1,780,547

1,282,697 1,287,653 1,535,225 2,123,625 2,210,415 2,280,485

4T06 1T07 2T07 3T07 4T07 1T08

23,592 13,120 27,212 17,532 16,333 15,846


47,975 45,320 44,114 48,994 46,996 47,337
5,320 4,652 5,955 9,471 8,934 8,115
29,086 37,710 53,008 44,874 44,775 58,003
6,676 6,886 6,396 6,564 9,115 8,035
1,014 518 319 253 263 259
525 496 430 211 - -
- - - - - -
2,644 2,228 858 3 1,488 142
- - - - - -
4,103 1,555 - 340 - -
375 666 664 2,634 6,128 8,334
121,310 113,150 138,955 130,876 134,034 146,071

34,434 32,152 51,829 25,260 21,969 18,028

45,991 46,718 47,211 - - -


- - (0) 0 - -
25,702 22,068 25,644 21,137 77,510 113,277
1,927 1,881 1,849 1,807 1,755 1,718
17,231 16,873 16,488 17,271 3,363 3,388
57,177 64,894 70,023 81,194 96,381 110,183
182,462 184,585 213,044 146,668 200,978 246,594

83 906 1,236 1,280 1,317 1,311

264,419 264,419 264,419 952,747 952,747 952,747


745,877 745,877 932,425 932,425 932,425 932,425
- - - - - -
(31,454) (21,284) (14,854) (40,371) (11,086) 1,337
- - - - - -
- - - - - -
- - - - - -
978,842 989,012 1,181,990 1,844,801 1,874,086 1,886,509

1,282,697 1,287,653 1,535,225 2,123,625 2,210,415 2,280,485


R$ 1,000
Jun-08 Sep-08 Dec-08 Jan-09 Jun-09 Sep-09

2T08 3T08 4T08 1T09 2T09 3T09

263,893 114,716 167,585 187,213 187,337 796,794


77,441 75,246 99,529 91,334 88,674 88,549
- - - - - -
2,839 5,470 18,496 16,450 19,831 35,785
- - - - -
16,882 20,402 20,198 21,090 22,179 34,563
28,506 28,506 38,704 39,492 39,308 60,382
508 887 - 965 5,161 3,268
390,069 245,226 344,512 356,544 362,490 1,019,340

1,409 1,557 1,687 1,698 1,722 2,120


12,177 19,872 17,762 18,037 17,457 17,781
- - - -
116,032 116,359 129,457 131,200 132,210 142,277
1,554 4,650 10,328 19,773 10,968 12,782
- - - - - -
143,057 136,698 137,263 137,259 137,726 93,980
1,460 1,868 3,029 3,529 3,422 5,865
20,250 18,711 22,847 17,603 16,053 14,864
1,213,178 1,373,033 1,573,204 1,630,588 1,711,326 1,875,904
366,636 335,866 309,890 310,529 310,035 309,729
35,598 41,987 32,757 31,648 30,588 29,650
1,911,352 2,050,601 2,238,224 2,301,865 2,371,507 2,504,955

2,301,420 2,295,827 2,582,737 2,658,409 2,733,997 3,524,295

2T08 3T08 4T08 1T09 2T09 3T09

15,726 15,704 107,360 112,996 29,678 43,757


53,041 - - - -
19,653 45,898 55,052 60,108 61,126 71,333
52,873 46,583 45,222 43,622 44,269 53,398
8,652 11,474 25,326 14,189 21,406 17,591
262 264 267 271 273 276
- - 20,084 20,084 -
- - 21,265 21,602 26,528 39,642
142 190 23,780 54,535 55,312 72,921
- - - - 321 2,888
- 3,538 8,600 11,818 13,083 13,346
2,426 10,849 1,510 1,567 1,439 1,861
152,775 134,500 308,465 340,791 253,435 317,013

13,584 9,978 128,912 126,110 154,985 135,660


100,000 100,000
- - - - - -
- - - - - -
106,020 98,367 90,049 81,609 72,731 122,465
1,671 1,623 1,574 1,522 1,464 1,415
4,728 4,239 4,571 4,552 4,472 4,945
110,506 121,479 105,035 117,186 114,696 97,457
236,510 235,685 330,140 330,979 448,348 461,943

12,915 12,914 12,953 13,077 13,019 12,679

952,747 952,747 952,747 952,747 952,747 1,641,747


932,425 932,425 958,276 958,786 959,593 960,644
- - 22,084 22,473 21,673 21,292
17,443 27,556 - 44,180 89,806 138,515
- - - - - (24,914)
(3,394) - - - - -
- - (1,928) (4,624) (4,624) (4,624)
1,899,221 1,912,728 1,931,179 1,973,562 2,019,195 2,732,660

2,301,420 2,295,827 2,582,737 2,658,409 2,733,997 3,524,295


Dec-09

4T09

827,967
115,117
-
30,985
-
38,744
68,897
3,483
1,085,193

74
18,028
-
141,268
9,908
-
35,256
5,633
15,382
2,022,087
309,475
28,642
2,585,753

3,670,946

4T09

41,660
16
66,762
62,122
24,904
279
40,521
54,279
92,198
386
9,559
1,464
394,150

130,035
100,000
-
-
127,481
1,359
5,511
77,698
442,084

12,073

1,745,097
961,691
152,138
-
(31,663)
-
(4,624)
2,822,639

3,670,946
1,000

Vendas Totais (100% do Shopping)


Shopping Centers em Operação 1T06 2T06 3T06 4T06
BHShopping 88,748 101,907 104,145 144,591
RibeirãoShopping 51,481 58,896 62,450 83,487
BarraShopping 180,263 194,858 201,381 272,159
MorumbiShopping 122,346 149,513 142,051 218,814
ParkShopping 88,182 103,481 103,360 143,957
DiamondMall 37,632 43,502 46,789 61,524
New York City Center 30,874 30,110 29,853 37,222
Shopping AnáliaFranco 69,739 80,317 80,322 110,180
ParkShoppingBarigüi 58,410 72,343 74,962 101,499
Pátio Savassi - - - -
Shopping SantaÚrsula - - - -
BarraShoppingSul - - - -
Shopping VilaOlímpia - - - -
Total 727,675 834,928 845,313 1,173,432

Receita de Locação de Lojas (Mínimo + Complementar + Merchandising)


Shopping Centers em Operação 1T06 2T06 3T06 4T06
Receita de Aluguéis 29,557 47,994 44,269 66,121
BHShopping 5,950 9,076 7,848 11,315
RibeirãoShopping 1,612 3,313 3,054 4,218
BarraShopping 7,170 11,333 10,369 15,249
MorumbiShopping 4,881 9,331 8,635 13,466
ParkShopping 2,459 4,199 4,142 5,700
DiamondMall 1,883 2,323 2,146 4,450
New York City Center 526 1,116 1,095 1,363
Shopping AnáliaFranco 2,332 2,361 2,432 3,268
ParkShoppingBarigüi 2,725 4,922 4,540 7,085
Pátio Savassi - - - -
Shopping SantaÚrsula - - - -
BarraShoppingSul 20 20 7 7
Shopping VilaOlímpia - - - -
Aluguel Mínimo 24,695 38,730 37,971 57,246
BHShopping 4,954 7,326 6,776 9,899
RibeirãoShopping 1,241 2,587 2,601 3,646
BarraShopping 6,435 9,617 9,259 13,690
MorumbiShopping 3,817 7,580 7,307 11,710
ParkShopping 1,928 3,324 3,355 4,444
DiamondMall 1,694 1,946 1,889 4,164
New York City Center 410 972 942 1,171
Shopping AnáliaFranco 2,018 1,833 2,037 2,659
ParkShoppingBarigüi 2,177 3,524 3,799 5,857
Pátio Savassi - - - -
Shopping SantaÚrsula - - - -
BarraShoppingSul 20 20 7 7
Shopping VilaOlímpia - - - -
Aluguel Complementar 955 1,305 1,393 2,246
BHShopping 123 132 158 216
RibeirãoShopping 99 79 84 135
BarraShopping 216 207 201 337
MorumbiShopping 143 127 137 178
ParkShopping 94 148 303 482
DiamondMall 49 80 95 101
New York City Center 31 11 11 48
Shopping AnáliaFranco 68 63 99 194
ParkShoppingBarigüi 132 457 304 555
Pátio Savassi - - - -
Shopping SantaÚrsula - - - -
BarraShoppingSul - - - -
Shopping VilaOlímpia - - - -
Merchandising 3,907 7,960 4,905 6,629
BHShopping 872 1,618 914 1,200
RibeirãoShopping 271 647 368 438
BarraShopping 518 1,509 909 1,222
MorumbiShopping 921 1,624 1,191 1,578
ParkShopping 437 727 484 773
DiamondMall 139 297 163 184
New York City Center 85 133 142 145
Shopping AnáliaFranco 246 465 296 416
ParkShoppingBarigüi 416 940 438 673
Pátio Savassi - - - -
Shopping SantaÚrsula - - - -
BarraShoppingSul (BIG) - - - -
Shopping VilaOlímpia - - - -
* + Ajuste de R$ 5.138 mil no contas a receber de aluguel

Receita de Estacionamento
Shopping Centers em Operação 1T06 2T06 3T06 4T06
BHShopping 234 274 320 426
RibeirãoShopping - - - -
BarraShopping 611 1,029 887 936
MorumbiShopping 450 686 666 996
ParkShopping - - - -
DiamondMall 184 124 153 356
New York City Center 211 249 262 368
Shopping AnáliaFranco - - - -
ParkShoppingBarigüi - - - -
Pátio Savassi - - - -
Shopping SantaÚrsula - - - -
BarraShoppingSul - - - -
Shopping VilaOlímpia - - - -
Total 1,690 2,362 2,287 3,082
1T07 2T07 3T07 4T07 1T08 2T08 3T08 4T08
104,442 115,314 120,742 158,431 119,872 132,726 137,235 179,402
63,288 71,688 73,836 101,202 76,149 84,662 86,871 115,527
200,991 213,214 219,210 293,169 224,292 231,668 242,282 323,019
158,471 190,460 181,729 251,570 183,552 214,998 216,411 283,649
101,315 114,852 118,335 157,705 115,046 124,180 129,997 183,735
46,655 51,961 57,011 75,238 59,966 68,916 70,547 88,001
34,153 30,526 31,927 38,104 35,691 32,409 33,132 39,875
78,595 95,561 92,943 125,801 93,862 105,943 103,858 136,013
76,732 88,159 91,996 117,584 93,077 106,383 102,374 130,004
- - 42,133 58,645 43,936 49,555 54,678 70,571
- - - - - 18,542 26,294 29,645
- - - - - - - 71,152
- - - - - - - -
864,642 971,737 1,029,860 1,377,449 1,045,442 1,169,981 1,203,680 1,650,592

1T07 2T07 3T07 4T07 1T08 2T08 3T08 4T08


52,453 54,368 55,571 77,001 60,564 68,772 67,994 97,923
8,335 8,690 8,508 11,217 8,554 9,294 9,242 12,841
3,265 3,535 3,520 4,652 3,696 5,861 5,562 7,512
11,817 11,877 11,840 15,264 12,435 13,236 13,137 17,734
11,600 11,555 11,457 17,420 14,499 15,957 15,464 21,600
4,244 4,469 4,433 5,954 4,455 4,925 5,148 7,109
4,585 4,762 4,832 6,519 5,097 5,762 5,794 7,382
1,187 1,186 1,266 1,427 1,268 1,378 1,264 1,563
2,600 2,812 2,830 3,685 2,924 3,258 3,074 4,085
4,813 5,474 5,214 7,275 4,851 5,742 5,566 7,783
- - 1,665 3,580 2,777 3,122 3,192 4,387
- - - - - 230 545 500
7 7 7 7 7 7 6 5,427
- - - - - - - -
45,393 45,187 46,896 64,128 51,991 54,548 56,478 82,769
7,376 7,249 7,301 9,455 7,310 7,232 7,941 10,955
2,850 2,901 2,937 3,758 3,091 4,607 4,460 6,232
10,495 10,232 10,502 13,559 11,080 11,169 11,579 15,749
9,644 9,706 9,701 14,216 12,472 12,434 12,825 17,653
3,497 3,472 3,474 4,569 3,608 3,790 3,977 5,713
4,102 4,017 4,155 5,652 4,410 4,637 4,923 6,417
1,021 1,048 1,077 1,156 1,097 1,169 1,100 1,336
2,192 2,167 2,200 2,902 2,390 2,478 2,498 3,331
4,209 4,389 4,338 5,991 4,234 4,449 4,287 6,546
- - 1,205 2,864 2,292 2,375 2,439 3,315
- - - - - 202 443 401
7 7 7 7 7 7 6 5,122
- - - - - - - -
2,412 2,341 2,438 3,712 2,514 2,829 2,718 3,294
185 256 307 397 262 296 294 371
112 132 134 231 182 254 259 269
453 332 339 411 443 273 279 324
796 387 387 679 442 582 400 583
260 315 342 463 285 211 424 325
212 309 325 418 328 417 349 320
75 8 22 109 68 40 17 26
128 188 171 257 178 163 116 168
191 414 223 398 132 318 251 239
- - 188 348 197 270 317 462
- - - - - 5 13 13
- - - - - - - 193
- - - - - - - -
4,648 6,840 6,237 9,162 6,059 11,395 8,798 11,860
774 1,185 900 1,365 982 1,766 1,007 1,514
303 502 449 663 424 1,000 843 1,011
869 1,313 998 1,295 912 1,795 1,279 1,662
1,160 1,461 1,369 2,525 1,586 2,941 2,239 3,364
487 682 617 922 562 924 747 1,071
271 436 352 449 359 709 523 644
91 131 167 162 104 169 147 201
280 457 459 526 356 617 460 586
413 672 654 886 486 974 1,027 998
- - 271 368 288 478 437 610
- - - - - 23 89 86
- - - - - - - 113
- - - - - - - -

1T07 2T07 3T07 4T07 1T08 2T08 3T08 4T08


308 1,263 1,333 1,566 1,568 1,831 1,921 2,324
- - - - - - - -
831 3,070 4,081 4,535 4,321 4,412 4,654 5,215
2,255 4,048 3,933 4,621 3,943 4,039 5,195 5,606
- - - - - - - -
324 711 840 818 863 1,006 1,038 1,176
307 632 838 951 1,091 983 952 1,049
- - - - - 1,259 2,108 2,212
- - - - - 185 1,903 2,064
- - 612 842 938 1,064 1,218 1,352
- - - - - - - 19
- - - - - - - -
- - - - - - - -
4,025 9,723 11,637 13,333 12,724 14,779 18,989 21,016
R$ 1,000

1T09 2T09 3T09 4T09


133,842 146,076 148,605 206,681
88,991 95,818 93,305 134,032
235,403 259,564 280,378 372,359
204,535 241,384 231,348 325,821
135,676 151,657 149,990 220,702
64,670 76,245 77,816 113,241
33,246 31,288 33,050 41,955
97,928 114,810 121,863 189,277
101,228 111,459 104,175 148,529
52,637 59,241 60,264 81,432
21,051 19,526 18,068 25,177
92,006 100,549 96,983 135,406
- - - 29,236
1,261,212 1,407,614 1,415,845 2,023,848

1T09 2T09 3T09 4T09


79,390 81,498 81,759 117,533
10,239 10,086 10,519 13,237
6,216 6,342 6,264 8,373
14,127 13,930 14,204 20,309
16,157 16,946 16,530 22,841
5,515 5,864 6,062 9,798
5,620 6,331 6,276 8,392
1,326 1,206 1,213 1,555
3,128 3,262 3,777 5,167
5,810 6,200 5,796 8,306
3,398 3,640 3,617 4,674
446 405 327 409
7,408 7,287 7,176 11,244
- - - 3,227
69,272 69,916 69,306 100,438
9,058 9,011 9,110 11,373
5,234 5,404 5,334 7,067
12,765 12,355 12,271 18,124
14,151 14,353 13,974 18,868
4,580 4,732 4,677 7,969
4,984 5,415 5,449 7,237
1,081 1,049 1,020 1,341
2,701 2,761 3,279 4,489
4,938 5,133 4,799 6,917
2,906 2,861 2,884 3,613
296 264 216 252
6,578 6,577 6,294 9,998
- - - 3,191
1,948 2,837 3,058 4,781
168 196 233 506
162 194 145 248
301 319 617 353
282 511 446 924
288 325 502 733
148 398 325 501
79 16 22 45
64 141 103 225
110 198 151 344
221 397 389 599
5 2 0 2
121 140 126 282
- - - 19
8,170 8,746 9,395 12,314
1,013 878 1,176 1,358
820 744 785 1,059
1,062 1,255 1,315 1,833
1,724 2,082 2,110 3,049
648 807 884 1,096
488 518 502 655
166 141 171 169
364 360 395 453
762 870 846 1,044
272 382 345 462
144 139 111 155
708 570 756 963
- - - 17

1T09 2T09 3T09 4T09


2,040 2,155 2,090 2,615
- 761 1,509 2,015
4,065 5,897 5,333 5,923
4,582 5,903 5,770 6,718
- - - 1,770
1,082 1,071 1,191 1,486
1,073 1,244 1,102 1,340
1,488 2,346 2,219 2,816
2,000 1,714 1,717 2,191
1,326 1,196 1,261 1,844
- 185 222 285
45 635 1,338 1,639
- - - 127
17,700 23,106 23,754 30,771
Indicadores
Financeiros (MTE %) 1T06 2T06 3T06
Receita Bruta 50,084 69,562 66,773
Receita Líquida 45,732 64,093 61,313
Despesas de Sede 15,995 17,316 19,199
Receita de Locação 29,557 47,994 44,269
Receita de Locação/m² 146 R$/m² 237 R$/m² 219 R$/m²
EBITDA Ajustado 21,620 38,866 30,289
EBITDA Ajustado/m² 107 R$/m² 192 R$/m² 150 R$/m²
Margem EBITDA Ajustado 47.3% 60.6% 49.4%
NOI 26,961 41,149 39,006
NOI/m² 133 R$/m² 203 R$/m² 193 R$/m²
Margem NOI 86.3% 81.7% 83.8%
FFO Ajustado 15,457 25,236 28,057
FFO Ajustado/m² 76 R$/m² 125 R$/m² 139 R$/m²
Performance (100%) 1T06 2T06 3T06
ABL Total 368,220 m² 368,432 m² 368,269 m²
ABL Própria 209,376 m² 209,484 m² 209,312 m²
ABL Total Média Ajustada 354,013 m² 353,948 m² 353,959 m²
ABL Própria Média Ajustada 202,287 m² 202,241 m² 202,217 m²
Vendas Totais 727,675 834,928 845,313
Vendas Totais/m² 2,056 R$/m² 2,359 R$/m² 2,388 R$/m²
Vendas nas mesmas lojas/m² N/A N/A N/A
Aluguel nas mesmas lojas/m² N/A N/A N/A
Custos de Ocupação 15.8% 14.9% 15.7%
Aluguel como % das Vendas 9.8% 8.6% 9.4%
Outros como % das Vendas 6.0% 6.3% 6.2%
Turnover 1.0% 0.8% 0.9%
Taxa de Ocupação 95.2% 96.3% 96.2%
Inadimplência 8.2% 6.9% 6.6%
Perda de Aluguel 0.0% 0.0% 10.4%
4T06 1T07 2T07 3T07 4T07
90,068 77,093 86,254 93,081 112,364
81,833 70,364 78,764 85,095 102,170
15,014 9,666 15,620 13,069 17,551
71,259 52,453 54,368 55,572 77,001
345 R$/m² 242 R$/m² 248 R$/m² 242 R$/m² 327 R$/m²
53,029 50,547 45,464 48,936 67,213
257 R$/m² 233 R$/m² 208 R$/m² 213 R$/m² 286 R$/m²
64.8% 71.8% 57.7% 57.5% 65.8%
62,516 46,073 48,721 47,418 69,865
303 R$/m² 213 R$/m² 222 R$/m² 206 R$/m² 297 R$/m²
84.1% 83.7% 82.5% 77.7% 83.3%
50,629 43,704 41,498 46,350 68,621
245 R$/m² 202 R$/m² 189 R$/m² 202 R$/m² 292 R$/m²
4T06 1T07 2T07 3T07 4T07
373,480 m² 373,464 m² 393,615 m² 392,279 m² 392,279 m²
214,525 m² 238,883 m² 255,927 m² 252,147 m² 257,369 m²
357,671 m² 374,618 m² 377,217 m² 377,588 m² 377,884 m²
206,532 m² 216,662 m² 219,001 m² 229,738 m² 235,135 m²
1,173,432 864,642 971,737 1,029,860 1,377,449
3,281 R$/m² 2,308 R$/m² 2,576 R$/m² 2,727 R$/m² 3,645 R$/m²
N/A ▲13.8% ▲12.2% ▲14.4% ▲11.4%
N/A ▲9.4% ▲10.4% ▲10.6% ▲9.0%
13.2% 14.1% 12.8% 13.8% 13.4%
8.4% 9.2% 8.2% 9.2% 8.0%
4.9% 5.0% 4.6% 4.7% 5.4%
0.5% 0.8% 0.8% 1.9% 1.7%
97.2% 97.4% 97.6% 97.5% 97.0%
5.6% 6.6% 5.3% 4.5% 4.4%
6.2% 1.0% 0.5% 0.9% 0.4%

▲16.0%

▲14.0%

▲12.0%

▲10.0%

▲8.0%

▲6.0%

▲4.0%

▲2.0%

▲0.0%
1 2 3 4 5 6
1T08 2T08 3T08 4T08 1T09 2T09
89,339 113,984 111,461 138,129 118,074 129,717
80,892 104,107 101,098 125,134 108,102 117,369
11,671 27,539 20,119 19,791 18,479 25,064
60,564 68,772 67,994 97,923 79,389 81,498
258 R$/m² 276 R$/m² 269 R$/m² 334 R$/m² 251 R$/m² 258 R$/m²
50,910 59,100 57,054 80,163 59,863 63,529
217 R$/m² 238 R$/m² 226 R$/m² 273 R$/m² 189 R$/m² 201 R$/m²
62.9% 56.8% 56.4% 64.1% 55.4% 54.1%
52,155 64,979 68,023 97,968 74,096 80,931
222 R$/m² 261 R$/m² 270 R$/m² 334 R$/m² 234 R$/m² 256 R$/m²
78.1% 84.4% 85.9% 89.1% 82.4% 85.8%
57,685 58,239 48,155 66,768 52,967 55,402
245 R$/m² 234 R$/m² 191 R$/m² 228 R$/m² 167 R$/m² 175 R$/m²
1T08 2T08 3T08 4T08 1T09 2T09
392,015 m² 416,416 m² 416,928 m² 484,373 m² 484,894 m² 484,873 m²
257,063 m² 266,314 m² 266,759 m² 330,308 m² 330,786 m² 330,833 m²
377,981 m² 393,900 m² 402,522 m² 446,010 m² 470,488 m² 470,525 m²
235,126 m² 248,827 m² 252,350 m² 293,359 m² 316,378 m² 316,458 m²
1,045,442 1,169,981 1,203,680 1,650,592 1,261,212 1,407,614
2,766 R$/m² 2,970 R$/m² 2,990 R$/m² 3,701 R$/m² 2,681 R$/m² 2,992 R$/m²
▲14.0% ▲11.4% ▲9.9% ▲7.9% ▲5.1% ▲9.8%
▲7.7% ▲9.0% ▲11.6% ▲13.9% ▲13.2% ▲14.0%
13.6% 13.2% 12.2% 12.3% 14.6% 13.6%
8.4% 7.8% 7.4% 8.1% 8.8% 8.1%
5.2% 5.4% 4.8% 4.2% 5.8% 5.5%
1.1% 1.6% 2.2% 1.7% 1.4% 1.0%
97.9% 98.2% 98.1% 98.3% 98.3% 98.7%
3.2% 3.9% 3.7% 3.7% 5.8% 4.5%
1.0% 1.7% 0.5% 0.6% 0.4% 0.4%

▲16.0%

▲14.0%

▲12.0%

▲10.0%

▲8.0% Row 27
Row 28
▲6.0%

▲4.0%

▲2.0%

▲0.0%
1 2 3 4 5 6 7 8 9 10 11 12
R$ 1,000

3T09 4T09
139,686 187,264
126,521 171,114
18,694 25,946
81,759 123,533
256 R$/m² 374 R$/m²
86,132 94,198
270 R$/m² 285 R$/m²
68.1% 55.0%
78,662 125,438
247 R$/m² 379 R$/m²
82.3% 88.8%
81,061 93,730
254 R$/m² 284 R$/m²
3T09 4T09
497,248 m² 533,741 m²
334,298 m² 347,985 m²
480,369 m² 509,053 m²
319,086 m² 330,538 m²
1,415,845 2,023,848
2,947 R$/m² 3,976 R$/m²
▲5.6% ▲10.6%
▲8.1% ▲6.5%
13.5% 12.0%
8.0% 7.8%
5.5% 4.2%
2.7% 1.4%
98.4% 99.1%
4.5% 0.6%
1.4% 1.5%