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Key Indicators

Financial Highlights (million R$, unless otherwise indicated) 4Q19 4Q20 Var.
Lease Revenue 35,3 57,4 62,5%
Net Income 112,3 83,3 (25,8%)
Net Income per share (R$ / share)  4,90  3,13 (36,2%)
Net Income (ex-fair value adj.) 32,0 50,5 58,0%
Net Income (ex-fair value adj.) / share (R$ / share)  1,39  1,90 35,9%
FFO 26,4 35,5 34,3%
FFO / share (R$ / share)  1,15  1,33 15,5%
Adjusted FFO 26,4 35,5 34,3%
Adj. FFO / share (R$ / share)  1,15  1,33 15,5%
Total Distribution 31,0 37,8 21,8%
Total Distribution / share (R$ / share)  1,35  1,42 4,8%
Shareholders Equity 2.535,6 2.871,3 13,2%
Shareholders Equity / share (R$ / share)  110,64  107,79 (2,6%)
Gross Debt 120,0 606,0 405,0%
Net Debt (410,6) 308,1 n.a.
Operational Highlights 4Q19 4Q20 Var.
Portfolio GLA (m2)  184.450  228.888 24,1%
Contracted leasing revenue (R$ million) 13,3 20,0 50,5%
Financial Vacancy (EoP) 8,0% 8,0% (0,1 p.p.)
Deliquency 0,1% -1,8% n.a.
Same-Area Rent (SAR) 0,9% 6,6% 6,0 p.p.
Leasing Spread (14,0%) (2,0%) 12,0 p.p.
% of portfolio (in terms of lease revenue) 4,1% 4,6% 0,5 p.p.
Stock Market Highlights 4Q19 4Q20 Var.
Total Number of Shares  22.918.202  26.638.202 16,2%
Market Cap 2.697,5 2.363,9 (12,4%)
Share Price – End of period (R$ / share)  117,70  88,74 (24,6%)
Share Price – Average for the period (R$ / share)  98,44  88,26 (10,3%)
Average Daily Trading Volume (R$ million) 8,00  4,14 (48,2%)
Number of Shareholders  84.942  118.782 39,8%
Total Individual Investors  84.591  118.353 39,9%
Total Institutional Investors  351  429 22,2%
% of shares held by Individual Investors 69,9% 68,8% (1,2 p.p.)
% of shares held by Institutional Investors 30,1% 31,2% 1,2 p.p.