Allos (ALOS3) reported an adjusted net income of R$ 84.9 million in the first quarter of 2024, with adjusted Ebitda reaching R$ 447.3 million, representing a 6.7% increase compared to the same period of the previous year.
The adjusted EBITDA margin was 72.6%, showing a slight rise of 0.2 percentage points from 1Q23.Net revenue totaled R$ 616.4 million, a 6.5% increase from 1Q23, mainly driven by media and parking revenues.
Regarding costs and expenses, the company maintained the adjusted NOI margin at 92.7%. This margin reflects the company’s operational efficiency after subtracting direct operating costs from total revenue.
Funds From Operations (FFO), which measures operational cash generation, reached R$ 289.7 million, a 36.5% increase from 1Q23.
The FFO margin was 47.0%, showing an improvement of 10.3 percentage points compared to the same period of the previous year, highlighting the effectiveness in cash generation from operations.
As for indebtedness, the net debt to EBITDA ratio was 1.8x, with the company successfully conducting the 1st issuance of debentures, raising R$ 1.2 billion, indicating market confidence in its financial strategy.
Allos (ALOS3)The company announced yesterday that it has signed a binding agreement to acquire up to 15% of Shopping RioSul, located in Rio de Janeiro.
The values involved in the agreement were not disclosed and will remain confidential until the negotiation is concluded, which does not have a defined date yet.This is the company’s first stake acquisition since March 2021.
At that time, before the merger, Aliansce Sonae acquired 21% of Shopping Leblon, also located in the southern zone of Rio de Janeiro, for R$ 275 million.}
The CompanyThe company is a leading player in the shopping center sector, resulting from the merger between Aliansce Sonae and BRMalls.
With an extensive network of 58 shopping malls under its management, Allos is a giant in the Brazilian market, operating in various regions of the country. The company is known for its dynamic approach and constantly seeking opportunities for growth and expansion in its segment.
