ALLOS Reports Strong Sales Growth of 6.6% in First Quarter of 2026
In the first quarter of 2026, ALLOS S.A. achieved significant growth in sales, reporting a 6.6% increase compared to the same quarter of 2025. This impressive performance highlights the company's robust position in the retail sector, which comprises 46 shopping centers amounting to a total Gross Leasable Area (GLA) of 1,931 thousand sqm, along with 1,262 thousand sqm of Owned GLA. Additionally, ALLOS has been instrumental in providing planning, management, and leasing services to six third-party shopping centers, encompassing a total GLA of 205.3 thousand sqm.
The company reported a substantial same-store sales (SSS) growth of 5.0%, marking an increase of 250 basis points since the same period in 2025. The company's strong sales reflect its adeptness in negotiating lease renewals and securing favorable leasing spreads, achieving a staggering 5.5% Same-Store Rental (SSR) for the quarter. This performance showcases the resilience of the ALLOS portfolio amid fluctuating market conditions.
Furthermore, ALLOS successfully implemented initiatives that led to a 13.2% reduction in operating expenses. This accomplishment aligns with the company’s strategic goal of enhancing efficiency and simplifying its operational processes, thus fostering an environment for future growth.
In terms of financial performance, ALLOS recorded Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of R$ 493.1 million, reflecting an 11.8% increase over the first quarter of 2025, or an impressive 17.0% when excluding the Tijuca Shopping Center. The EBITDA margin was reported at an enviable 72.2%. The Funds From Operations (FFO) amounted to R$ 298.8 million, indicating a 9.7% growth (or 18.2% excluding Tijuca), which reveals effective cost management and operational resilience.
Additionally, ALLOS has made strides in liability management, issuing CRI (Real Estate Credit Notes) totaling R$ 1 billion, below the CDI, across three series with maturities of 5, 7, and 10 years. As of May 2026, the company has also distributed R$ 730 million in dividends, reinforcing its commitment to shareholder value.
In a strategic move to enhance its capital allocation flexibility, ALLOS has partnered with Kinea to form the Kinea ALLOS Malls FII, which will create recurring revenue streams and initiate a new growth phase for the company.
Moreover, ALLOS is actively managing its portfolio with several strategic transactions, including the full divestment of Shopping Curitiba with a capitalization rate of 9.5%. The firm plans to acquire a stake in Amazonas Shopping, known for its significant annual sales surpassing R$ 1 billion, which comes with a 9.7% cap rate. Additionally, an asset exchange involving Shopping Campo Grande and Shopping Villagio Caxias in return for a stake in Shopping Taboão, along with a cash consideration of R$ 20 million, highlights ALLOS's strategic initiatives to optimize its assets for long-term growth.
In summary, ALLOS S.A. is on a robust growth trajectory, backed by strong sales figures, efficient management, and strategic initiatives that fortify its standing in the retail sector. The company's focus on operational excellence and proactive portfolio management positions it favorably for future endeavors.
The company reported a substantial same-store sales (SSS) growth of 5.0%, marking an increase of 250 basis points since the same period in 2025. The company's strong sales reflect its adeptness in negotiating lease renewals and securing favorable leasing spreads, achieving a staggering 5.5% Same-Store Rental (SSR) for the quarter. This performance showcases the resilience of the ALLOS portfolio amid fluctuating market conditions.
Furthermore, ALLOS successfully implemented initiatives that led to a 13.2% reduction in operating expenses. This accomplishment aligns with the company’s strategic goal of enhancing efficiency and simplifying its operational processes, thus fostering an environment for future growth.
In terms of financial performance, ALLOS recorded Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of R$ 493.1 million, reflecting an 11.8% increase over the first quarter of 2025, or an impressive 17.0% when excluding the Tijuca Shopping Center. The EBITDA margin was reported at an enviable 72.2%. The Funds From Operations (FFO) amounted to R$ 298.8 million, indicating a 9.7% growth (or 18.2% excluding Tijuca), which reveals effective cost management and operational resilience.
Additionally, ALLOS has made strides in liability management, issuing CRI (Real Estate Credit Notes) totaling R$ 1 billion, below the CDI, across three series with maturities of 5, 7, and 10 years. As of May 2026, the company has also distributed R$ 730 million in dividends, reinforcing its commitment to shareholder value.
In a strategic move to enhance its capital allocation flexibility, ALLOS has partnered with Kinea to form the Kinea ALLOS Malls FII, which will create recurring revenue streams and initiate a new growth phase for the company.
Moreover, ALLOS is actively managing its portfolio with several strategic transactions, including the full divestment of Shopping Curitiba with a capitalization rate of 9.5%. The firm plans to acquire a stake in Amazonas Shopping, known for its significant annual sales surpassing R$ 1 billion, which comes with a 9.7% cap rate. Additionally, an asset exchange involving Shopping Campo Grande and Shopping Villagio Caxias in return for a stake in Shopping Taboão, along with a cash consideration of R$ 20 million, highlights ALLOS's strategic initiatives to optimize its assets for long-term growth.
In summary, ALLOS S.A. is on a robust growth trajectory, backed by strong sales figures, efficient management, and strategic initiatives that fortify its standing in the retail sector. The company's focus on operational excellence and proactive portfolio management positions it favorably for future endeavors.
Topics Consumer Products & Retail）
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