Multiplan is optimistic about the return of rents in the second half, says BTG

The executive stated that the company operated with 85% and 90% capacity between May and June.

According to the director of investor relations at the mall manager, Hans Melchers, between the months of May and June, the company operated at 85% and 90% of capacity

07/05/2021

BTG Pactual said in a report released today that Multiplan is optimistic about the recovery of rents in the second half of 2021.

The investment bank held a conference call yesterday with the director of investor relations at the shopping centre manager, Hans Melchers. The executive stated that the company operated with 85% and 90% capacity between May and June.

“With vaccination accelerating in the second half of 2021, Multiplan is optimistic about the recovery of sales, especially in the 4th quarter”, informed analysts Gustavo Cambauva and Elvis Credendio.

The BTG team reiterated that with sales recovering to pre-pandemic levels, the company believes that rents could grow even further, reflecting lower condominium costs, lower discounts to tenants and higher IGP-M transfers to tenants.

Source: Valor Investe

Read full story (in Portuguese).

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