[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:CPSH11:13884":3,"seo:\u002Fdetalhes\u002FCPSH11\u002Fdocumentos\u002F13884":16,"fii-documento:CPSH11":96},{"id":4,"descricao":5,"assunto":6,"tipo":7,"situacao":8,"texto":9,"link_pdf":10,"estruturado":11,"link_original":12,"data_referencia":13,"data_entrega":14,"versao":15},13884,"(CPSH) Relatório Gerencial - 28\u002F11\u002F2025","Relatório Gerencial","Relatórios","(Ativo)","\u003Cp>LoDOo\u003C\u002Fp>\u003Cp>CNPJ: 47.896.665\u002F0001-99\u003C\u002Fp>\u003Cp>Início do Fundo: 23\u002F02\u002F2023\u003C\u002Fp>\u003Cp>Administrador: BTG Pactual\u003C\u002Fp>\u003Cp>Público-Alvo: Investidores Geral\u003C\u002Fp>\u003Cp>Gestor: Capitânia Investimentos\u003C\u002Fp>\u003Cp>Classificação Anbima: FII Renda Gestão Ativa - Shoppings\u003C\u002Fp>\u003Cp>Taxa de Administração e Gestão: 0.92% a.a. Sobre o Patrimônio Líquido\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_0_image_10.jpg\">\u003C\u002Fp>\u003Cp>Taxa de Performance: 10% do que exceder IPCA + 6%\u003C\u002Fp>\u003Cp>Quantidade de Cotas: 79,699,818\u003C\u002Fp>\u003Cp>Ofertas do Fundo: 1ª Oferta – R$ 34,000,000 2ª Oferta – R$ 300,000,000 3ª Oferta – R$ 320,000,100 4ª Oferta – R$ 166,147,989\u003C\u002Fp>\u003Cp>\u003Cu>RESUM\u003C\u002Fu>O\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_0_image_15.jpg\">\u003C\u002Fp>\u003Cp>Valor de Mercado (R$\u002FCota)\u003Csup>1\u003C\u002Fsup>: \u003Cstrong>R$ 10.84\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Valor Patrimonial (R$\u002FCota)\u003Csup>1\u003C\u002Fsup>: \u003Cstrong>R$ 11.40\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Quantidade de cotistas: \u003Cstrong>27,512\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Valor de Mercado: \u003Cstrong>R$ 863,946,027\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Patrimônio Líquido: \u003Cstrong>R$ 908,475,511\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Último rendimento (R$\u002FCota): \u003Cstrong>R$ 0,15\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Dividend Yield\u003Csup>1\u003C\u002Fsup>: \u003Cstrong>17.93% a.a\u003C\u002Fstrong> ¹ Considerando as cotas de fechamento de 28\u002F11\u002F2025. Dividendo do mês anualizado.\u003C\u002Fp>\u003Cp>CAPITÂNIA SHOPPINGS FUNDO DE INVESTIMENTO IMOBILIÁRIO (TICKER B3: CPSH11)\u003C\u002Fp>\u003Cp>O “CAPITÂNIA SHOPPINGS FUNDO DE INVESTIMENTO IMOBILIÁRIO” é um Fundo de Investimento Imobiliário (“FII”) constituído sob a forma de condomínio fechado, com prazo indeterminado de duração.\u003C\u002Fp>\u003Cp>OBJETIVO: O Fundo tem por objetivo a obtenção de renda mediante a exploração comercial dos shopping centers e outlets que constituem o seu portfólio, bem como a obtenção de ganho de capital por meio de compra e venda desses ativos. O fundo investe preponderantemente em imóveis prontos, mas está autorizado a participar também em projetos greenfield de shopping centers e outlets.\u003C\u002Fp>\u003Cp>PROVENTOS: O Fundo deverá distribuir a seus cotistas, no mínimo, 95% (noventa e cinco por cento) dos resultados auferidos, apurados segundo o regime de caixa, com base em balanço semestral encerrado em 30 de junho e 31 de dezembro de cada ano (com verificação semestral). O resultado auferido num determinado período será distribuído aos cotistas, mensalmente, sempre até o 17º (décimo sétimo) dia útil do mês subsequente ao recebimento dos recursos pelo Fundo. Farão jus aos rendimentos de que trata o parágrafo anterior os titulares de cotas do Fundo inscritos no 5º (quinto) Dia Útil anterior (exclusive) à data da distribuição de rendimentos, de acordo com as contas de depósito mantidas pela instituição escrituradora das cotas.\u003C\u002Fp>\u003Ch3>Comentário do Gestor\u003C\u002Fh3>\u003Cp>O mês de novembro de 2025 consolida o encerramento do primeiro ciclo de investimentos do Capitânia Shoppings (CPSH11), marcado pela conclusão de desinvestimentos estratégicos e pela cristalização de retornos para nossos cotistas.\u003C\u002Fp>\u003Cp>A conclusão da alienação da totalidade da participação no Catarina Fashion Outlet, anunciada em outubro e liquidada em novembro, representa a conclusão desse processo que foi iniciado no mês de outubro. Este ativo, o primeiro adquirido pelo fundo, tornou-se o principal outlet da América Latina, e sua venda em estágio maduro permitiu a apuração de um lucro substancial.\u003C\u002Fp>\u003Cp>Somada às alienações totais no Shopping Praia de Belas (10%), Complexo Tatuapé (Metrô e Boulevard) e desinvestimentos parciais no Iguatemi Fortaleza, a estratégia de reciclagem gerou uma Taxa Interna de Retorno (TIR) consolidada de 22,5% a.a. para o primeiro ciclo, superando amplamente índices como o IFIX (6,21% a.a.) e o CDI (13,45% a.a.) no mesmo período.\u003C\u002Fp>\u003Ch3>Performance e Rendimentos\u003C\u002Fh3>\u003Cp>Como reflexo direto desses ganhos de capital, o CPSH11 elevou sua distribuição para R$ 0,15\u002Fcota em novembro, comparado aos R$ 0,12 de outubro e ao patamar recorrente de R$ 0,10. Esse rendimento equivale a um Dividend Yield anualizado de 17,93% sobre a cota de mercado, posicionando o fundo como um dos maiores pagadores de dividendos do setor.\u003C\u002Fp>\u003Cp>Início do 2º Ciclo de Investimentos: Midway Mall e Iguatemi Alphaville\u003C\u002Fp>\u003Cp>O Fundo já iniciou seu segundo ciclo de investimentos, focando na reposição da carteira com ativos dominantes e resilientes. O principal destaque foi o anúncio da aquisição do Midway Mall em Natal\u002FRN, aonde estaremos criando um novo veículo para carregar essa posição, cujo o CPSH será um dos principais cotistas. A transação, realizada em conjunto com coinvestidores, teve seu processo submetido ao CADE em novembro e espera-se a conclusão das etapas regulatórias em dezembro\u003C\u002Fp>\u003Ch3>Reorganização do Endividamento\u003C\u002Fh3>\u003Cp>Ao final de novembro de 2025, o CPSH11 concluiu uma etapa fundamental de sua reciclagem de portfólio com a reorganização estratégica de seu endividamento. Após a liquidação das vendas de ativos maduros e a aquisição do Internacional Shopping Guarulhos, o Fundo procedeu com a quitação parcial de séries da 1ª emissão de CRIs.\u003C\u002Fp>\u003Cp>Este movimento foi essencial para desonerar juridicamente os imóveis alienados ao XP Malls FII, permitindo a liberação de suas garantias e a formalização definitiva das transações.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Série\u003C\u002Fth>\u003Cth>Securitizadora\u003C\u002Fth>\u003Cth>Código IF\u003C\u002Fth>\u003Cth>Taxa (a.a)\u003C\u002Fth>\u003Cth>Prazo\u003C\u002Fth>\u003Cth>Emissão\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>Saldo (R$ MM)\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>OPEA Securitizadora\u003C\u002Ftd>\u003Ctd>25B2690608\u003C\u002Ftd>\u003Ctd>CDI + 1.8%\u003C\u002Ftd>\u003Ctd>15 anos\u003C\u002Ftd>\u003Ctd>20\u002F02\u002F2025\u003C\u002Ftd>\u003Ctd>20\u002F02\u002F2040\u003C\u002Ftd>\u003Ctd>25.5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>OPEA Securitizadora\u003C\u002Ftd>\u003Ctd>25G4176421\u003C\u002Ftd>\u003Ctd>CDI + 2.3%\u003C\u002Ftd>\u003Ctd>15 anos\u003C\u002Ftd>\u003Ctd>16\u002F07\u002F2025\u003C\u002Ftd>\u003Ctd>20\u002F08\u002F2040\u003C\u002Ftd>\u003Ctd>22.0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>OPEA Securitizadora\u003C\u002Ftd>\u003Ctd>25J3640354\u003C\u002Ftd>\u003Ctd>CDI + 1.8%\u003C\u002Ftd>\u003Ctd>15 anos\u003C\u002Ftd>\u003Ctd>20\u002F10\u002F2025\u003C\u002Ftd>\u003Ctd>22\u002F10\u002F2040\u003C\u002Ftd>\u003Ctd>25.1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>OPEA Securitizadora\u003C\u002Ftd>\u003Ctd>25J3640384\u003C\u002Ftd>\u003Ctd>CDI + 2.3%\u003C\u002Ftd>\u003Ctd>15 anos\u003C\u002Ftd>\u003Ctd>20\u002F10\u002F2025\u003C\u002Ftd>\u003Ctd>21\u002F10\u002F2030\u003C\u002Ftd>\u003Ctd>25.1\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Cap Rate – Ponderado por desembolsos\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_1_chart_16.jpg\">\u003C\u002Fp>\u003Cp>* Cap Rate ponderado por desembolsos = NOI dos últimos doze meses de cada ativo, ponderado pela participação detida pelo fundo\u002Fvalor desembolsado pela aquisição de cada ativo no mês de referência.\u003C\u002Fp>\u003Ch3>CPSH11 – NEGOCIAÇÃO NA B3\u003C\u002Fh3>\u003Cp>No mês de novembro o volume negociado foi de R$ 195,975,826, o que representa uma média diária de R$ 10,314,517. O fundo foi negociado em 100% dos pregões e encerrou o mês com 27,512 cotistas, uma variação de 5.6% em relação ao mês anterior.\u003C\u002Fp>\u003Ctable>\u003Ctr>\u003Ctd colspan=\"3\">Ago-25\u003C\u002Ftd>\u003Ctd>Set-25\u003C\u002Ftd>\u003Ctd>Out-25\u003C\u002Ftd>\u003Ctd>Nov-25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Volume Negociado (R$ Milhares)\u003C\u002Ftd>\u003Ctd>26.189\u003C\u002Ftd>\u003Ctd>84.283\u003C\u002Ftd>\u003Ctd>119.230\u003C\u002Ftd>\u003Ctd>195.976\u003C\u002Ftd>\u003Ctd>880.649\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Média Diária (R$ Milhares)\u003C\u002Ftd>\u003Ctd>1.247\u003C\u002Ftd>\u003Ctd>3.831\u003C\u002Ftd>\u003Ctd>5.183\u003C\u002Ftd>\u003Ctd>10.314\u003C\u002Ftd>\u003Ctd>3.580\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Giro Mensal (% - média mensal)\u003C\u002Ftd>\u003Ctd>3.4%\u003C\u002Ftd>\u003Ctd>10.7%\u003C\u002Ftd>\u003Ctd>14.4%\u003C\u002Ftd>\u003Ctd>22.7%\u003C\u002Ftd>\u003Ctd>9.4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Presença em pregões (%)\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor de Mercado (R$ Milhares – média mensal)\u003C\u002Ftd>\u003Ctd>765.118\u003C\u002Ftd>\u003Ctd>785.928\u003C\u002Ftd>\u003Ctd>825.690\u003C\u002Ftd>\u003Ctd>863.946\u003C\u002Ftd>\u003Ctd>758.875\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>MERCADO SECUNDÁRIO\u003C\u002Fp>\u003Cp>Mercado Secundário\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_2_chart_8.jpg\">\u003C\u002Fp>\u003Cp>NÚMEROS DE COTISTAS\u003C\u002Fp>\u003Cp>Evolução Histórica\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_2_chart_11.jpg\">\u003C\u002Fp>\u003Ch3>RESULTADO MENSAL\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>DRE (regime de caixa)\u003C\u002Fth>\u003Cth>Jun-25\u003C\u002Fth>\u003Cth>Jul-25\u003C\u002Fth>\u003Cth>Ago-25\u003C\u002Fth>\u003Cth>Set-25\u003C\u002Fth>\u003Cth>Out-25\u003C\u002Fth>\u003Cth>Nov-25\u003C\u002Fth>\u003Cth>Acumulado 2025\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Resultado Shoppings + Flls Estratégicos\u003C\u002Ftd>\u003Ctd>10,238,759\u003C\u002Ftd>\u003Ctd>7,226,385\u003C\u002Ftd>\u003Ctd>10,544,156\u003C\u002Ftd>\u003Ctd>9,667,758\u003C\u002Ftd>\u003Ctd>17,484,109\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>12,431,141 109,510,746\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Flls\u003C\u002Ftd>\u003Ctd>187,766\u003C\u002Ftd>\u003Ctd>346,693\u003C\u002Ftd>\u003Ctd>243,137\u003C\u002Ftd>\u003Ctd>243,137\u003C\u002Ftd>\u003Ctd>324,048\u003C\u002Ftd>\u003Ctd>1,763,847\u003C\u002Ftd>\u003Ctd>4,486,430\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado CRIs\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Financeiro\u003C\u002Ftd>\u003Ctd>40,088\u003C\u002Ftd>\u003Ctd>78,540\u003C\u002Ftd>\u003Ctd>54,637\u003C\u002Ftd>\u003Ctd>48,512\u003C\u002Ftd>\u003Ctd>781,513\u003C\u002Ftd>\u003Ctd>520,502\u003C\u002Ftd>\u003Ctd>1,691,267\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Fundo\u003C\u002Ftd>\u003Ctd>-706,259\u003C\u002Ftd>\u003Ctd>-811,364\u003C\u002Ftd>\u003Ctd>-655,123\u003C\u002Ftd>\u003Ctd>-1,108,443\u003C\u002Ftd>\u003Ctd>-1,000,826\u003C\u002Ftd>\u003Ctd>-926,050\u003C\u002Ftd>\u003Ctd>-8,470,838\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesa com CRI\u003C\u002Ftd>\u003Ctd>-649,243\u003C\u002Ftd>\u003Ctd>-685,564\u003C\u002Ftd>\u003Ctd>-719,392\u003C\u002Ftd>\u003Ctd>-762,691\u003C\u002Ftd>\u003Ctd>-672,136\u003C\u002Ftd>\u003Ctd>-689,404\u003C\u002Ftd>\u003Ctd>-6,012,848\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Performance\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado\u003C\u002Ftd>\u003Ctd>9,111,112\u003C\u002Ftd>\u003Ctd>6,154,690\u003C\u002Ftd>\u003Ctd>9,467,416\u003C\u002Ftd>\u003Ctd>8,008,274\u003C\u002Ftd>\u003Ctd>16,916,709\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>13,100,036 101,204,758\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado\u002FCota\u003C\u002Ftd>\u003Ctd>0.11\u003C\u002Ftd>\u003Ctd>0.07\u003C\u002Ftd>\u003Ctd>0.12\u003C\u002Ftd>\u003Ctd>0.10\u003C\u002Ftd>\u003Ctd>0.21\u003C\u002Ftd>\u003Ctd>0.16\u003C\u002Ftd>\u003Ctd>1.27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuído\u003C\u002Ftd>\u003Ctd>7,969,982\u003C\u002Ftd>\u003Ctd>7,969,982\u003C\u002Ftd>\u003Ctd>7,969,982\u003C\u002Ftd>\u003Ctd>7,969,982\u003C\u002Ftd>\u003Ctd>9,563,978\u003C\u002Ftd>\u003Ctd>11,954,973\u003C\u002Ftd>\u003Ctd>93,248,787\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuído\u002FCota\u003C\u002Ftd>\u003Ctd>0.10\u003C\u002Ftd>\u003Ctd>0.10\u003C\u002Ftd>\u003Ctd>0.10\u003C\u002Ftd>\u003Ctd>0.10\u003C\u002Ftd>\u003Ctd>0.12\u003C\u002Ftd>\u003Ctd>0.15\u003C\u002Ftd>\u003Ctd>1.17\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>BP\u003C\u002Fth>\u003Cth>Nov-25\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>1,084,085,793\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Caixa\u003C\u002Ftd>\u003Ctd>9,925,160\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ativos Financeiros\u003C\u002Ftd>\u003Ctd>212,811,063\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Imóveis\u003C\u002Ftd>\u003Ctd>478,466,179\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII Estratégicos\u003C\u002Ftd>\u003Ctd>253,083,526\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outros\u003C\u002Ftd>\u003Ctd>129,799,865\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Passivo\u003C\u002Ftd>\u003Ctd>175,610,298\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Obrigações por\u003C\u002Ftd>\u003Ctd>24,254,067\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aquisições\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Contas a pagar\u003C\u002Ftd>\u003Ctd>151,356,230\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>PL\u003C\u002Ftd>\u003Ctd>908,475,495\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Quantidade de Cotas\u003C\u002Ftd>\u003Ctd>79,699,818\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor por cota\u003C\u002Ftd>\u003Ctd>11.40\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_3_chart_6.jpg\">\u003C\u002Fp>\u003Cp>PORTFÓLIO DE ATIVOS\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Ativos\u003C\u002Fth>\u003Cth>ABL Total (m²)\u003C\u002Fth>\u003Cth>ABL Propria (m²)\u003C\u002Fth>\u003Cth>Participação (%)\u003C\u002Fth>\u003Cth>% - ABL Própria\u003C\u002Fth>\u003Cth>Administradora\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Iguatemi Alphaville\u003C\u002Ftd>\u003Ctd>30,968\u003C\u002Ftd>\u003Ctd>5,574\u003C\u002Ftd>\u003Ctd>18.0%\u003C\u002Ftd>\u003Ctd>25.1%\u003C\u002Ftd>\u003Ctd>Iguatemi\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fashion Outlet Novo Hamburgo\u003C\u002Ftd>\u003Ctd>20,048\u003C\u002Ftd>\u003Ctd>4,136\u003C\u002Ftd>\u003Ctd>20.6%\u003C\u002Ftd>\u003Ctd>18.6%\u003C\u002Ftd>\u003Ctd>Iguatemi\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Parque Shopping Dom Pedro\u003C\u002Ftd>\u003Ctd>126,500\u003C\u002Ftd>\u003Ctd>4,879\u003C\u002Ftd>\u003Ctd>3.9%\u003C\u002Ftd>\u003Ctd>22.0%\u003C\u002Ftd>\u003Ctd>Allos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Internacional Guarulhos\u003C\u002Ftd>\u003Ctd>75,211\u003C\u002Ftd>\u003Ctd>3,618\u003C\u002Ftd>\u003Ctd>4.8%\u003C\u002Ftd>\u003Ctd>16.3%\u003C\u002Ftd>\u003Ctd>Gazit\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Iguatemi Fortaleza\u003C\u002Ftd>\u003Ctd>90,165\u003C\u002Ftd>\u003Ctd>3,156\u003C\u002Ftd>\u003Ctd>3.5%\u003C\u002Ftd>\u003Ctd>14.2%\u003C\u002Ftd>\u003Ctd>JCC\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Pátio Paulista\u003C\u002Ftd>\u003Ctd>41,515\u003C\u002Ftd>\u003Ctd>862\u003C\u002Ftd>\u003Ctd>2.08%\u003C\u002Ftd>\u003Ctd>3.9%\u003C\u002Ftd>\u003Ctd>Iguatemi\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Portfólio\u003C\u002Ftd>\u003Ctd>413,816\u003C\u002Ftd>\u003Ctd>24,127\u003C\u002Ftd>\u003Ctd>5.8%\u003C\u002Ftd>\u003Ctd>100.00%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>ABL Própria (Portfólio - M²)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_4_chart_6.jpg\">\u003C\u002Fp>\u003Cp>% NOI Fundo (Portfólio - %)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_4_chart_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_4_image_9.jpg\">\u003C\u002Fp>\u003Ch3>INDICADORES OPERACIONAIS\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd colspan=\"4\">Out\u002F25\u003C\u002Ftd>\u003Ctd colspan=\"2\">Vendas 100%\u003C\u002Ftd>\u003Ctd colspan=\"2\">NOI 100%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>PORTFÓLIO\u003C\u002Ftd>\u003Ctd>% da Carteira\u003C\u002Ftd>\u003Ctd>ABL (100%)\u003C\u002Ftd>\u003Ctd>Ocupação\u003C\u002Ftd>\u003Ctd>R$\u002Fm² (LTM)\u003C\u002Ftd>\u003Ctd>R$\u002Fm² vs Out 24 (LTM)\u003C\u002Ftd>\u003Ctd>R$\u002Fm² (LTM)\u003C\u002Ftd>\u003Ctd>R$\u002Fm² vs Out 24 (LTM)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Iguatemi Alphaville\u003C\u002Ftd>\u003Ctd>28.07%\u003C\u002Ftd>\u003Ctd>30,968\u003C\u002Ftd>\u003Ctd>95.6%\u003C\u002Ftd>\u003Ctd>24,614\u003C\u002Ftd>\u003Ctd>13.8%\u003C\u002Ftd>\u003Ctd>2,019\u003C\u002Ftd>\u003Ctd>6.2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fashion Outlet Novo Hamburgo\u003C\u002Ftd>\u003Ctd>13.21%\u003C\u002Ftd>\u003Ctd>20,048\u003C\u002Ftd>\u003Ctd>96.9%\u003C\u002Ftd>\u003Ctd>20,691\u003C\u002Ftd>\u003Ctd>9.1%\u003C\u002Ftd>\u003Ctd>1,280\u003C\u002Ftd>\u003Ctd>28.4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Parque Shopping Dom Pedro\u003C\u002Ftd>\u003Ctd>20.46%\u003C\u002Ftd>\u003Ctd>126,500\u003C\u002Ftd>\u003Ctd>98.3%\u003C\u002Ftd>\u003Ctd>17,941\u003C\u002Ftd>\u003Ctd>6.6%\u003C\u002Ftd>\u003Ctd>1,681\u003C\u002Ftd>\u003Ctd>8.3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Internacional Guarulhos\u003C\u002Ftd>\u003Ctd>14.07%\u003C\u002Ftd>\u003Ctd>75,211\u003C\u002Ftd>\u003Ctd>99.0%\u003C\u002Ftd>\u003Ctd>17,426\u003C\u002Ftd>\u003Ctd>3.1%\u003C\u002Ftd>\u003Ctd>1,559\u003C\u002Ftd>\u003Ctd>4.1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Iguatemi Fortaleza\u003C\u002Ftd>\u003Ctd>15.20%\u003C\u002Ftd>\u003Ctd>90,165\u003C\u002Ftd>\u003Ctd>96.0%\u003C\u002Ftd>\u003Ctd>27,089\u003C\u002Ftd>\u003Ctd>10.6%\u003C\u002Ftd>\u003Ctd>1,955\u003C\u002Ftd>\u003Ctd>10.8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Pátio Paulista\u003C\u002Ftd>\u003Ctd>9.00%\u003C\u002Ftd>\u003Ctd>41,515\u003C\u002Ftd>\u003Ctd>99.0%\u003C\u002Ftd>\u003Ctd>39,415\u003C\u002Ftd>\u003Ctd>-12.3%\u003C\u002Ftd>\u003Ctd>4,186\u003C\u002Ftd>\u003Ctd>4.9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Capitânia Shoppings (CPSH11)\u003C\u002Ftd>\u003Ctd>100.0%\u003C\u002Ftd>\u003Ctd>384,467\u003C\u002Ftd>\u003Ctd>97.2%\u003C\u002Ftd>\u003Ctd>22,174\u003C\u002Ftd>\u003Ctd>7.5%\u003C\u002Ftd>\u003Ctd>1,808\u003C\u002Ftd>\u003Ctd>9.4%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Ocupação - Portfólio\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_5_chart_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_5_chart_7.jpg\">\u003C\u002Fp>\u003Cp>NOI LTM (R$\u002Fm²) - Portfólio\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_5_chart_9.jpg\">\u003C\u002Fp>\u003Ch3>IGUATEMI ALPHAVILLE\u003C\u002Fh3>\u003Cp>IGUATEMI ALPHAVILLE\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Preço de Aquisição:\u003C\u002Fth>\u003Cth>R$ 118,250,000\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Endereço:\u003C\u002Ftd>\u003Ctd>Al. Rio Negro, 111 - Alphaville Industrial - Barueri - SP\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ano de Entrega:\u003C\u002Ftd>\u003Ctd>2011\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Terreno:\u003C\u002Ftd>\u003Ctd>31,932 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Total:\u003C\u002Ftd>\u003Ctd>30,968 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Participação Adquirida:\u003C\u002Ftd>\u003Ctd>18.0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria:\u003C\u002Ftd>\u003Ctd>5.574 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ocupação Atual:\u003C\u002Ftd>\u003Ctd>95.6 %\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 24,614\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 2,019\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_6_chart_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_6_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_6_image_8.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>PRINCIPAIS OPERAÇÕES\u003C\u002Fth>\u003Cth>ABL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Cinépolis VIP\u003C\u002Ftd>\u003Ctd>3538 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Zara\u003C\u002Ftd>\u003Ctd>1267 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rascal\u003C\u002Ftd>\u003Ctd>588 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pobre Juan\u003C\u002Ftd>\u003Ctd>441 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Almanara\u003C\u002Ftd>\u003Ctd>375 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>CRONOGRAMA DE DESEMBOLSO¹ – R$ MM\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Imóveis\u003C\u002Fth>\u003Cth>3S24\u003C\u002Fth>\u003Cth>1S25\u003C\u002Fth>\u003Cth>2S25\u003C\u002Fth>\u003Cth>1S26\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>IguatemiAlphaville1Cronograma de desemb\u003C\u002Ftd>\u003Ctd>51.5olsos corrigido p\u003C\u002Ftd>\u003Ctd>21.2elas despesas fin\u003C\u002Ftd>\u003Ctd>21.2anceiras oriunda\u003C\u002Ftd>\u003Ctd>24.2s do parcelamento\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>¹Cronograma de desembolsos corrigido pelas despesas financeiras oriundas do parcelamento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_6_chart_13.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_6_chart_14.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_6_image_15.jpg\">\u003C\u002Fp>\u003Ch3>IGUATEMI FASHION OUTLET NOVO HAMBURGO\u003C\u002Fh3>\u003Cp>OUTLET NOVO HAMBURGO\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Preço de Aquisição:\u003C\u002Fth>\u003Cth>R$ 53,526,567\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Endereço:\u003C\u002Ftd>\u003Ctd>BR 116, KM 236 - Novo Hamburgo - RS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ano de Entrega:\u003C\u002Ftd>\u003Ctd>2013\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Terreno:\u003C\u002Ftd>\u003Ctd>176,000 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Total:\u003C\u002Ftd>\u003Ctd>20,048 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Participação Adquirida:\u003C\u002Ftd>\u003Ctd>20.625%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria:\u003C\u002Ftd>\u003Ctd>4.136 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ocupação Atual:\u003C\u002Ftd>\u003Ctd>96.9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 20,691\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 1,280\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>PRINCIPAIS OPERAÇÕES\u003C\u002Fth>\u003Cth>ABL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Nike\u003C\u002Ftd>\u003Ctd>991 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Puma\u003C\u002Ftd>\u003Ctd>640 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Schutz\u003C\u002Ftd>\u003Ctd>818 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Adidas\u003C\u002Ftd>\u003Ctd>604 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Hugo Boss\u003C\u002Ftd>\u003Ctd>404 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>CRONOGRAMA DE DESEMBOLSO¹ – R$ MM\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Imóveis\u003C\u002Fth>\u003Cth>1S24\u003C\u002Fth>\u003Cth>3S24\u003C\u002Fth>\u003Cth>1S25\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Outlet Novo Hamburgo\u003C\u002Ftd>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>10.4\u003C\u002Ftd>\u003Ctd>10.6\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_7_chart_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_7_chart_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_7_chart_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_7_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_7_image_13.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_7_image_14.jpg\">\u003C\u002Fp>\u003Ch3>IGUATEMI FORTALEZA\u003C\u002Fh3>\u003Cp>IGUATEMI FORTALEZA\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Preço de Aquisição:\u003C\u002Fth>\u003Cth>R$ 176,066,167\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Endereço:\u003C\u002Ftd>\u003Ctd>Av. Washington Soares, 85 - Edson Queiroz - Fortaleza - CE\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ano de Entrega:\u003C\u002Ftd>\u003Ctd>1982\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Terreno:\u003C\u002Ftd>\u003Ctd>190,786 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Total:\u003C\u002Ftd>\u003Ctd>90,165 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Participação Adquirida:\u003C\u002Ftd>\u003Ctd>3.5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria:\u003C\u002Ftd>\u003Ctd>3.156 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ocupação Atual:\u003C\u002Ftd>\u003Ctd>96.0 %\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 27,089\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 1,955\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_8_chart_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_8_image_7.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>PRINCIPAIS OPERAÇÕES\u003C\u002Fth>\u003Cth>ABL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Riachuelo\u003C\u002Ftd>\u003Ctd>5522 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pão de Açucar\u003C\u002Ftd>\u003Ctd>5415 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>UCI Cinemas\u003C\u002Ftd>\u003Ctd>5300 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Coco Bambu - Flagship\u003C\u002Ftd>\u003Ctd>3414 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Zara\u003C\u002Ftd>\u003Ctd>2830 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>CRONOGRAMA DE DESEMBOLSO¹ – R$ MM\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Imóveis\u003C\u002Fth>\u003Cth>4S23\u003C\u002Fth>\u003Cth>1S24\u003C\u002Fth>\u003Cth>3S24\u003C\u002Fth>\u003Cth>1S25\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Iguatemi\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fortaleza\u003C\u002Ftd>\u003Ctd>36.4\u003C\u002Ftd>\u003Ctd>95.3\u003C\u002Ftd>\u003Ctd>19.9\u003C\u002Ftd>\u003Ctd>25.8\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_8_image_11.jpg\">\u003C\u002Fp>\u003Cp>¹Cronograma de desembolsos corrigido pelas despesas financeiras oriundas do parcelamento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_8_chart_13.jpg\">\u003C\u002Fp>\u003Cp>NOI\u002Fm² - Iguatemi Bosque Fortaleza\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_8_chart_15.jpg\">\u003C\u002Fp>\u003Cp>nov-24 dez-24 jan-25 fev-25 mar-25 abr-25 mai-25 jun-25 jul-25 ago-25 set-25 out-25\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_8_image_17.jpg\">\u003C\u002Fp>\u003Ch3>SHOPPING INTERNACIONAL\u003C\u002Fh3>\u003Cp>SHOPPING INTERNACIONAL\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Preço de Aquisição:\u003C\u002Fth>\u003Cth>R$ 76,701,129\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Endereço:\u003C\u002Ftd>\u003Ctd>Rod. Presidente Dutra 225, Guarulhos - SP\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ano de Entrega:\u003C\u002Ftd>\u003Ctd>1998\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Terreno:\u003C\u002Ftd>\u003Ctd>120,868 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Total:\u003C\u002Ftd>\u003Ctd>75,211 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Participação Adquirida:\u003C\u002Ftd>\u003Ctd>4.81%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria:\u003C\u002Ftd>\u003Ctd>2.941 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ocupação Atual:\u003C\u002Ftd>\u003Ctd>99.0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 17,426\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 1,559\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>PRINCIPAIS OPERAÇÕES\u003C\u002Ftd>\u003Ctd>ABL\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cinemark\u003C\u002Ftd>\u003Ctd>7097 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">Extra 5882 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Neo Geo\u003C\u002Ftd>\u003Ctd>4677 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">Poupatempo 4155 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>C&A\u003C\u002Ftd>\u003Ctd>3074 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>CRONOGRAMA DE DESEMBOLSO – R$ MM\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_9_chart_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_9_chart_9.jpg\">\u003C\u002Fp>\u003Cp>NOI\u002Fm² - Internacional de Guarulhos\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_9_chart_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_9_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_9_image_13.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_9_image_14.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_9_image_15.jpg\">\u003C\u002Fp>\u003Ch3>PARQUE DOM PEDRO SHOPPING (VIA HPDP11\u002FPQDP11)\u003C\u002Fh3>\u003Cp>PARQUE DOM PEDRO SHOPPING\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>Endereço:\u003C\u002Ftd>\u003Ctd>Av. Guilherme Campos, 500 - Jardim Santa Genebra - Campinas - SP\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">Ano de Entrega: 2002\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Terreno:\u003C\u002Ftd>\u003Ctd>461,200 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Total:\u003C\u002Ftd>\u003Ctd>126,500 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>% HPDP11 + PQDP11\u003C\u002Ftd>\u003Ctd>22.53%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria:\u003C\u002Ftd>\u003Ctd>28,500 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>% CPSH11 no Ativo:\u003C\u002Ftd>\u003Ctd>3.86% do Dom Pedro\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria - CPSH11:\u003C\u002Ftd>\u003Ctd>4,879\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ocupação Total:\u003C\u002Ftd>\u003Ctd>98.3 %\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 17,941\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 1,681\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Principais Operações\u003C\u002Fth>\u003Cth>ABL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>C&A\u003C\u002Ftd>\u003Ctd>2.743 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Centauro\u003C\u002Ftd>\u003Ctd>1.946 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Decathlon\u003C\u002Ftd>\u003Ctd>3.363 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fast Shop\u003C\u002Ftd>\u003Ctd>862 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Magazine Luiza\u003C\u002Ftd>\u003Ctd>1.317 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_10_chart_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_10_image_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_10_chart_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_10_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_10_chart_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_10_image_12.jpg\">\u003C\u002Fp>\u003Ch3>SHOPPING PÁTIO PAULISTA (VIA SHOPPING PÁTIO PAULISTA FII – SHPP11)\u003C\u002Fh3>\u003Cp>PÁTIO PAULISTA\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Rua Treze de Maio, 1947 -\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Endereço:\u003C\u002Ftd>\u003Ctd>Bela Vista - SP\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ano de Entrega:\u003C\u002Ftd>\u003Ctd>1989\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Terreno:\u003C\u002Ftd>\u003Ctd>13,351 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Total:\u003C\u002Ftd>\u003Ctd>41,515 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>% Shopping Pátio Paulista -\u003C\u002Ftd>\u003Ctd>17.08%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SHPP11\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria - SHPP11:\u003C\u002Ftd>\u003Ctd>7,091 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>% CPSH11 no SHPP11:\u003C\u002Ftd>\u003Ctd>8.4% do PL do Fundo\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria - CPSH11:\u003C\u002Ftd>\u003Ctd>593\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ocupação Total:\u003C\u002Ftd>\u003Ctd>99.0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 39,415\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI\u002Fm² LTM:\u003C\u002Ftd>\u003Ctd>R$ 4,186\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Principais Operações\u003C\u002Fth>\u003Cth>ABL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Bodytech\u003C\u002Ftd>\u003Ctd>1,535 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Zara\u003C\u002Ftd>\u003Ctd>1,270 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Riachuelo\u003C\u002Ftd>\u003Ctd>1,097 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fast Shop\u003C\u002Ftd>\u003Ctd>1,058 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Sephora\u003C\u002Ftd>\u003Ctd>355 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_11_chart_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_11_chart_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_11_chart_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_11_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_11_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_11_image_12.jpg\">\u003C\u002Fp>\u003Ch3>GLOSSÁRIO\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Valor de Mercado (R$\u002FCota)\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Valor Patrimonial (R$\u002FCota)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor de Mercado do Fundo\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dividend Yield (Cota Mercado)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dividend Yield (Cota de Emissão)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABRASCE\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ICVA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Própria\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IPCA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mix de Lojistas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI (Net Operation Income)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SSS (SSS)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SSR (SSR)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Descrição\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Valor da cota no mercado secundário no fechamento do último dia do mês\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor da cota patrimonial no último dia do mês\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor da cota no secundário multiplicado pelo número total de cotas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Última valor distribuído anualizado dividido pela cota de fechamento do mês\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Última valor distribuído anualizado dividido pela cota da última emissão\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Associação Brasileira de Shopping Centers\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Índice Cielo do Varejo Ampliado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Bruta Locável, área (m²) total de um imóvel disponível para locação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL dos imóveis de titularidade do fundo, ponderada pela participação do fundo nos imóveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Índice de Preços ao consumidor amplo, apurado e divulgado pelo IBGE\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Composição estratégia das lojas definida pelo administrador dos shoppings\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado operacional líquido dos imóveis, representado pela soma das receitas com aluguelmínimo e variável, estacionamento, Mall & Mídia, receitas comerciais, entre outras,deduzidas das despesas operacionais no nível dos ativos tais como taxa de administração ecomercialização, auditoria de lojas e aportes condominiais\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas das mesmas lojas que se encontravam no mesmo local no período atual e mesmoperíodo do ano anterior\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguéis das mesmas lojas que se encontravam no mesmo local no período atual e mesmoperíodo do ano anterior\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas declaradas pelas lojas dos shoppings\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>% do ABL Vago sobre o ABL total\u003C\u002Fp>\u003Ch3>DISCLAIMER\u003C\u002Fh3>\u003Cp>As informações contidas nesta apresentação não podem ser consideradas como única fonte de informações no processo decisório do investidor, que, antes de tomar qualquer decisão, deverá realizar uma avaliação minuciosa do produto e respectivos riscos, face aos seus objetivos pessoais e ao seu perfil de risco (\"Suitability\"). RENTABILIDADE PASSADA NÃO REPRESENTA GARANTIA DE RENTABILIDADE FUTURA. Assim, não é possível prever o desempenho futuro de um investimento a partir da variação de seu valor de mercado no passado. Os resultados que foram obtidos para elaboração do estudo foram baseados em interpretações da gestora dos documentos públicos que são disponibilizados por cada um dos Fundos analisados, assim como informações públicas disponibilizadas nos portais dos órgãos reguladores. Por ser um estudo interpretativo, não necessariamente os resultados obtidos vão condizer com os informados pelas gestoras dos respectivos Fundos. A Capitânia não assume nenhum tipo de responsabilidade por tomadas de decisão de investimento levando em consideração o seu estudo que segue linhas meramente interpretativas de informações públicas que são divulgadas pelos Fundos objeto desse estudo. As informações disponibilizada pelos diferentes Fundos varia em sua forma e periodicidade de informação, de forma que os parâmetros para elaboração do estudo de cada Fundo objeto do estudo pode ser diferente. A Capitânia não assume qualquer tipo de responsabilidade em razão de qualquer interpretação dos dados do estudo, muito menos trata esse estudo como passível de decisão de investimento. A Capitânia não assume que os investidores vão obter lucros, nem se responsabiliza pelas perdas. FUNDOS DE INVESTIMENTO NÃO CONTAM COM GARANTIA DO ADMINISTRADOR, DO GESTOR, DE QUALQUER MECANISMO DE SEGURO OU FUNDO GARANTIDOR DE CRÉDITO – FGC. É recomendada a leitura cuidadosa do Formulário de Informações Complementares e regulamento do fundo de investimento pelo investidor ao aplicar seus recursos. Não é autorizada a sua reprodução ou disponibilidade para circulação sem prévia autorização da Capitânia.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F13884\u002Fpage_13_image_5.jpg\">\u003C\u002Fp>\u003Cp>CAPITÂNIA INVESTIMENTOS Av. Brigadeiro Faria Lima, 1485 - 3º andar | Pinheiros São Paulo\u002FSP - Brasil | CEP: 01452-002 Telefone: +55 11 2853-8888 invest@capitaniainvestimentos.com.br\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FCPSH11\u002Fdocumentos\u002F13884\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1077789","2025-11-28","2026-01-08 20:07:00",1,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":88},"Relatório Gerencial CPSH11 de novembro de 2025 | Kartac","Relatório Gerencial de novembro de 2025 do CPSH11 (Capitânia Shoppings), entrega em 08\u002F01\u002F2026. DY 12 meses de 13,62% e P\u002FVP 0,80 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FCPSH11\u002Fdocumentos\u002F13884","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,59,74],{"@type":25,"@id":26,"name":27,"url":28,"logo":29},"Organization","https:\u002F\u002Fwww.kartac.com.br\u002F#organizacao","Kartac","https:\u002F\u002Fwww.kartac.com.br\u002F","https:\u002F\u002Fwww.kartac.com.br\u002Fandroid-chrome-512x512.png",{"@type":31,"@id":32,"name":27,"url":28,"inLanguage":33,"publisher":34},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":26},{"@type":36,"@id":37,"url":19,"name":17,"description":18,"inLanguage":33,"isPartOf":38,"dateModified":39,"mainEntity":40,"breadcrumb":42},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FCPSH11\u002Fdocumentos\u002F13884#pagina",{"@id":32},"2026-11-03",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FCPSH11\u002Fdocumentos\u002F13884#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FCPSH11\u002Fdocumentos\u002F13884#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":49,"temporalCoverage":50,"author":51,"publisher":57,"isBasedOn":12},"Report","Relatório Gerencial CPSH11 de novembro de 2025",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FCPSH11#fundo","2026-01-08","2025-11",{"@type":25,"name":52,"identifier":53},"CAPITÂNIA CAPITAL S.A",{"@type":54,"propertyID":55,"value":56},"PropertyValue","CNPJ","41.793.345\u002F0001-27",{"@type":25,"name":58},"BTG PACTUAL SERVICOS FINANCEIROS S.A. DISTRIBUIDOR",{"@type":60,"@id":48,"name":61,"alternateName":62,"url":65,"category":66,"identifier":67,"provider":72},"InvestmentFund","Capitânia Shoppings",[63,64],"CPSH11","CAPITÂNIA SHOPPINGS FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FCPSH11","Fundo de fundos",[68,70],{"@type":54,"propertyID":69,"value":63},"Ticker B3",{"@type":54,"propertyID":55,"value":71},"47.896.665\u002F0001-99",{"@type":25,"name":52,"identifier":73},{"@type":54,"propertyID":55,"value":56},{"@type":75,"@id":43,"itemListElement":76},"BreadcrumbList",[77,80,84,86],{"@type":78,"position":15,"name":79,"item":28},"ListItem","Início",{"@type":78,"position":81,"name":82,"item":83},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":78,"position":85,"name":63,"item":65},3,{"@type":78,"position":87,"name":5,"item":19},4,{"atualizado_em":89,"frases":90},"2026-11-05",[91,92,93,94,95],"Relatório Gerencial do Capitânia Shoppings (CPSH11), fundo imobiliário de fundos (FoF), referente a novembro de 2025, com entrega no FundosNet (B3) em 08\u002F01\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do CPSH11 fechou a R$ 9,18, com P\u002FVP de 0,80 (valor patrimonial de R$ 11,41 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,11 por cota, com pagamento em out\u002F2026, e o dividend yield dos últimos 12 meses é de 13,62% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 1,4 bilhão no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":97,"empresa":98,"gestor":102,"cotacoes":108,"patrimonio":220,"vpa":221,"p_vpa":222,"tipo_gestao":223,"mandato":224,"segmento":225,"categoria":66,"grupo":66,"preco_atual":218,"cotacao_atualizada_em":226,"ultima_variacao_cotacao_24h":227,"variacao_cotacao_7d":228,"variacao_cotacao_1m":229,"variacao_cotacao_3m":230,"variacao_cotacao_6m":231,"variacao_cotacao_12m":232,"vacancia_fisica":233,"liquidez_atual":234,"ultimo_dividendo":235,"ultimo_dividend_yield":236,"mes_pagamento_ultimo_dividendo":237,"dividend_yield_3m":238,"dividend_yield_6m":239,"dividend_yield_12m":240,"dividend_yield_medio_12m":241,"qtd_dividendos_pagos_ano_passado":242,"data_ultima_cotacao":217,"pregoes_com_negocio_21":243,"alertas":244,"updated_at":245,"liquidez_media_reais":246,"administrador":58,"taxa_administracao_paga":247,"balanco":248,"resultado_distribuido":256,"publico_alvo":259,"mercados_negociacao_cotas":260,"data_funcionamento":262,"data_final":224,"quantidade_cotas":263,"quantidade_cotistas":264,"detalhes_cotistas":265,"total_investido":272,"investimentos_fundo":273,"imoveis":276,"contratos":224,"custodiante":308,"auditor_independente":314,"formador_mercado":224,"distribuidor_cotas":224,"consultor_especializado":224,"administrador_locacoes":224,"relatorio_anual":321,"analise_administrador":324},803,{"nome":64,"nome_simplificado":99,"nome_comercial":61,"ticker":63,"nome_ticker":100,"nome_pregao":101,"cnpj":71},"CAPITÂNIA SHOPPINGS   RESPONSABILIDADE LIMITADA","CPSH11 - CAPITÂNIA SHOPPINGS FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","FII CPSH",{"id":103,"nome":52,"cnpj":104,"endereco":105,"telefone":106,"created_at":107,"updated_at":107},27,"41793345000127","Avenida Brigadeiro Faria Lima, nº \n1.485, Edifício Torre Norte, 3º andar, conjunto 31, \nJardim Paulistano, CEP 01452-002","(11)2853-8868","2026-10-03T18:51:45.000000Z",[109,114,120,125,131,137,143,148,153,159,164,170,175,180,186,192,198,204,210,215],{"id":110,"data":111,"abertura":112,"ultimo":112,"volume":113},3288757,"2026-10-06",10,254479,{"id":115,"data":116,"abertura":117,"ultimo":118,"volume":119},3289562,"2026-10-07",10.1,10.24,249883,{"id":121,"data":122,"abertura":123,"ultimo":123,"volume":124},3290379,"2026-10-08",10.25,244151,{"id":126,"data":127,"abertura":128,"ultimo":129,"volume":130},3290989,"2026-10-09",10.3,10.28,233381,{"id":132,"data":133,"abertura":134,"ultimo":135,"volume":136},3357331,"2026-10-13",10.33,10.17,360794,{"id":138,"data":139,"abertura":140,"ultimo":141,"volume":142},3375803,"2026-10-14",10.23,10.13,280067,{"id":144,"data":145,"abertura":146,"ultimo":141,"volume":147},3376368,"2026-10-15",10.15,226754,{"id":149,"data":150,"abertura":151,"ultimo":112,"volume":152},3377164,"2026-10-16",10.04,267244,{"id":154,"data":155,"abertura":156,"ultimo":157,"volume":158},3445104,"2026-10-19",10.01,9.98,129116,{"id":160,"data":161,"abertura":112,"ultimo":162,"volume":163},3446671,"2026-10-20",10.06,191089,{"id":165,"data":166,"abertura":167,"ultimo":168,"volume":169},3459953,"2026-10-21",10.07,10.12,246006,{"id":171,"data":172,"abertura":146,"ultimo":173,"volume":174},3473649,"2026-10-22",10.09,733118,{"id":176,"data":177,"abertura":178,"ultimo":178,"volume":179},3488084,"2026-10-23",10.11,285969,{"id":181,"data":182,"abertura":183,"ultimo":184,"volume":185},3566177,"2026-10-26",9.7,9.52,326054,{"id":187,"data":188,"abertura":189,"ultimo":190,"volume":191},3580197,"2026-10-27",9.53,9.39,313785,{"id":193,"data":194,"abertura":195,"ultimo":196,"volume":197},3594012,"2026-10-28",9.31,9.26,581660,{"id":199,"data":200,"abertura":201,"ultimo":202,"volume":203},3609171,"2026-10-29",9.32,9.23,184981,{"id":205,"data":206,"abertura":207,"ultimo":208,"volume":209},3624731,"2026-10-30",9.25,9.04,306581,{"id":211,"data":39,"abertura":212,"ultimo":213,"volume":214},3682160,9,8.68,307673,{"id":216,"data":217,"abertura":213,"ultimo":218,"volume":219},3695655,"2026-11-04",9.18,287122,1405890291.96,11.41,"0.80","Ativa",null,"Shoppings","2026-11-05 09:00","0.0576","-0.0054","-0.0820","-0.0585","-0.1257","-0.1130","0.06866",6720,"0.1100","0.0109","Out\u002F2026","0.0240","0.0599","0.1362","0.0101",12,21,[],"05\u002F11\u002F2026 06:00",2929621.73,0.00804493406584643,{"data_referencia":249,"ativo":250,"passivo":251,"obrigacoes_imoveis":252,"obrigacoes_securitizacao":253,"liquidez":254,"valores_receber":255},"2026-09-01",1537845858.65,131955566.69,26945080,101366244.26,10792916.31,213540469.96,{"data_referencia":257,"resultado":258,"rendimentos":258,"percentual":15},"2026-06-30",72069362.08,"Investidores em Geral",[261],"Bolsa","2023-02-23",123163844,39675,{"Pessoa Física":266,"Pessoa jurídica não financeira":267,"Outros fundos de investimento":268,"Fundos de investimento imobiliário":269,"Investidores não residentes":270,"Entidade fechada de previdência complementar":271,"Entidade aberta de previdência complementar":85,"SSociedade de capitalização e de arrendamento mercantil":15,"Outros tipos de cotistas não relacionados":15},39544,66,31,16,8,5,1313512472.38,{"Cotas de FIIs":274,"Imóveis para renda":275},731993779,581518693.38,{"vacancia_total":277,"lista_imoveis":278,"data_referencia":257,"vacancia_suspeita":11},0.06866406393083638,[279,287,294,301],{"nome":280,"vacancia":281,"numero_unidades":15,"area":282,"endereco":283,"percentual_inadimplencia":284,"percentual_receitas":285,"ocupacao":286},"Internacional Shopping Guarulhos",0.0109,77080,"Rodovia Presidente Dutra, S\u002Fn, Km 225, Porto Da Igreja, Guarulhos\u002FSP, Brasil, 07034-911",0,0.0597,0.9891,{"nome":288,"vacancia":289,"numero_unidades":15,"area":290,"endereco":291,"percentual_inadimplencia":284,"percentual_receitas":292,"ocupacao":293},"Shopping Iguatemi Alphaville",0.0551,49102,"Alameda Xingu, 350, 200\u002F350, Sem Complemento, Alphaville Industrial, Barueri\u002FSP, Brasil, 06455-911",0.055,0.9449,{"nome":295,"vacancia":296,"numero_unidades":15,"area":297,"endereco":298,"percentual_inadimplencia":284,"percentual_receitas":299,"ocupacao":300},"I Fashion Outlet Novo Hamburgo",0.0367,34663,"Br-116, Km 236, S\u002Fn, Sem Complemento, Operário, Novo Hamburgo\u002FRS, Brasil, 93310-460",0.05,0.9633,{"nome":302,"vacancia":303,"numero_unidades":15,"area":304,"endereco":305,"percentual_inadimplencia":284,"percentual_receitas":306,"ocupacao":307},"Iguatemi Bosque Shopping - Fortaleza",0.1013,190785,"Avenida Washington Soares. 85, Sem Complemento, Edson Queiroz, Fortaleza\u002FCE, Brasil, 60811-900",0.045,0.8987,{"id":271,"nome":309,"cnpj":310,"endereco":311,"telefone":312,"created_at":313,"updated_at":313},"BANCO BTG PACTUAL S A","30306294000145","PR BOTAFOGO, 501, BLII SLO 501 BLC II SAL 601 - BOTAFOGO, RIO DE JANEIRO - RJ - 22250-911","(21) 32629600","2026-10-03T18:47:06.000000Z",{"id":315,"nome":316,"cnpj":317,"endereco":318,"telefone":319,"created_at":320,"updated_at":320},14,"GRANT THORNTON AUDITORES INDEPENDENTES LTDA","10830108000165","Av. Engenheiro Luís Carlos Berrini, 105 - 12º andar - Itaim Bibi, São Paulo - SP, 04571-010","(11) 3886-5100","2026-10-03T18:50:58.000000Z",{"ano_referencia":322,"data_disponibilizacao":323},"2025","2026-03-30",{"ResultadoFundo":325,"ConjunturaEconomica":326,"PerspectivaPeriodoSeguinte":327},"O Fundo encerrou o exercício social em linha com sua estratégia de investimentos, conforme detalhado no informe mensal de dezembro de 2025.","Em 2025, o mercado de FIIs operou em ambiente desafiador, marcado pela manutenção de taxas de juros em patamares elevados, o que impactou a atratividade do setor e manteve postura mais cautelosa por parte dos investidores.","Para 2026, a expectativa é de melhora gradual do setor, com possível redução das taxas de juros e retomada do interesse dos investidores, favorecendo a valorização dos ativos imobiliários."]