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Manoel Goulart, 2400 - Jardim das Rosas - Presidente Prudente - SP",0.011903,0.111525,0.946551,{"nome":211,"vacancia":212,"numero_unidades":213,"area":214,"endereco":215,"percentual_inadimplencia":216,"percentual_receitas":217,"ocupacao":218},"Shopping Praia da Costa",0.086745,208,39765,"Avenida Doutor Olivio Lira, 353 - Praia da Costa, Vila Velha\u002FES",0.03499,0.069863,0.913255,{"nome":220,"vacancia":221,"numero_unidades":222,"area":223,"endereco":224,"percentual_inadimplencia":225,"percentual_receitas":226,"ocupacao":227},"Campinas Shopping ",0.041895,141,36165,"Rua Jacy Teixeireira de Camargo, 940 - Campinas\u002FSP",0.021735,0.066924,0.958105,{"nome":229,"vacancia":230,"numero_unidades":213,"area":231,"endereco":232,"percentual_inadimplencia":233,"percentual_receitas":234,"ocupacao":235},"Porto Velho Shopping",0.062252,44824,"Av. Prefeito Chiquilito Erse, 3288 - Porto Velho\u002FRO",0.008489,0.065974,0.937748,{"nome":237,"vacancia":238,"numero_unidades":239,"area":240,"endereco":241,"percentual_inadimplencia":242,"percentual_receitas":243,"ocupacao":244},"Shopping Paralela",0.038708,275,40166,"Avenida Luiz Viana, 8544 - Salvador - BA",0.012833,0.065594,0.961292,{"nome":246,"vacancia":247,"numero_unidades":248,"area":249,"endereco":250,"percentual_inadimplencia":251,"percentual_receitas":252,"ocupacao":253},"BH SHOPPING",0.023488,459,47474,"BR-356, nº 3049, no bairro Belvedere, região sul de Belo Horizonte",0.008692,0.051385,0.976512,{"nome":255,"vacancia":256,"numero_unidades":257,"area":258,"endereco":259,"percentual_inadimplencia":260,"percentual_receitas":261,"ocupacao":262},"Shopping Granja Vianna",0.065205,160,30376,"Rodovia Raposo Tavares, 23.500 - Lageadinho, Cotia-SP ",0.003673,0.04971,0.934795,{"nome":264,"vacancia":265,"numero_unidades":266,"area":267,"endereco":268,"percentual_inadimplencia":269,"percentual_receitas":270,"ocupacao":271},"Shopping Estação Curitiba",0.064625,153,27663,"Avenida Sete de Setembro nº 2.775 - Curitiba - PR",0.017673,0.049,0.935375,{"nome":273,"vacancia":274,"numero_unidades":275,"area":276,"endereco":277,"percentual_inadimplencia":278,"percentual_receitas":279,"ocupacao":280},"Pantanal Shopping",0.014081,219,45222,"Av. Historiador Rubens de Mendonça (Av. CPA), 3300 - Cuiabá\u002FMT",0.017655,0.048616,0.985919,{"nome":282,"vacancia":283,"numero_unidades":284,"area":285,"endereco":286,"percentual_inadimplencia":287,"percentual_receitas":288,"ocupacao":289},"North Shopping Maracanaú",0.024768,103,20001,"Av. Carlos Jereissati, 100 - Maracanaú\u002FCE",0.028271,0.047325,0.975232,{"nome":291,"vacancia":292,"numero_unidades":293,"area":294,"endereco":295,"percentual_inadimplencia":296,"percentual_receitas":297,"ocupacao":298},"Shopping Ribeirão",0.096994,437,74988,"Avenida Coronel Fernando Ferreira Leite nº 1.540 - Ribeirão Preto\u002FSP",0.022916,0.043095,0.903006,{"nome":300,"vacancia":301,"numero_unidades":302,"area":303,"endereco":304,"percentual_inadimplencia":305,"percentual_receitas":306,"ocupacao":307},"Villa Romana",0.025871,180,22438,"Av. Madre Benvenuta, 687 - Santa Mônica, Trindade - Florianópolis - SC",-0.013974,0.033421,0.974129,{"nome":309,"vacancia":310,"numero_unidades":257,"area":311,"endereco":312,"percentual_inadimplencia":313,"percentual_receitas":314,"ocupacao":315},"Natal Shopping",0.045555,28363,"Avenida Senador Salgado Filho, 2234 - Natal, RN",0.024762,0.028901,0.954445,{"nome":317,"vacancia":318,"numero_unidades":319,"area":320,"endereco":321,"percentual_inadimplencia":322,"percentual_receitas":323,"ocupacao":324},"Shopping Iguatemi Fortaleza",0.078886,432,89832,"Av. Washington Soares, 85 - Edson Queiroz, Fortaleza - CE",0.03664,0.0268,0.921114,{"nome":326,"vacancia":327,"numero_unidades":328,"area":329,"endereco":330,"percentual_inadimplencia":331,"percentual_receitas":332,"ocupacao":333},"Shopping Boulevard",0.074152,174,28948,"Rua Barão de São Francisco, 236 - Rio de Janeiro\u002FRJ",0.052836,0.02408,0.925848,{"nome":335,"vacancia":336,"numero_unidades":337,"area":338,"endereco":339,"percentual_inadimplencia":340,"percentual_receitas":341,"ocupacao":342},"Ilha Plaza",0.048896,138,21933,"Av. Maestro Paulo e Silva, 400 - Rio de Janeiro - RJ",0.019052,0.023187,0.951104,{"nome":344,"vacancia":345,"numero_unidades":346,"area":347,"endereco":348,"percentual_inadimplencia":349,"percentual_receitas":350,"ocupacao":351},"Carioca Shopping ",0.04592,188,33918,"Av Vicente de Carvalho, 909 - Vila da Penha - RJ",0.033541,0.020611,0.95408,{"nome":353,"vacancia":354,"numero_unidades":355,"area":356,"endereco":357,"percentual_inadimplencia":358,"percentual_receitas":359,"ocupacao":360},"Pátio Belém",0.038472,183,21727,"Trav. Padre Eutíquio, 1078 – Belém - PA",-0.000107,0.019528,0.961528,{"nome":362,"vacancia":363,"numero_unidades":364,"area":365,"endereco":366,"percentual_inadimplencia":367,"percentual_receitas":368,"ocupacao":369},"Minas Shopping",0.045834,234,45860,"Av. Cristiano Machado, 4000 - União - Belo horizonte - MG",-0.007675,0.018424,0.954166,{"nome":371,"vacancia":372,"numero_unidades":373,"area":374,"endereco":375,"percentual_inadimplencia":376,"percentual_receitas":377,"ocupacao":378},"TERRENOS MIDWAY MALL",0.01796,293,67796,"Av. Nevaldo Rocha, 3775 - Tirol, Natal - RN, 59015-450",-0.012436,0.016451,0.98204,{"nome":380,"vacancia":381,"numero_unidades":382,"area":383,"endereco":384,"percentual_inadimplencia":385,"percentual_receitas":386,"ocupacao":387},"Shopping Bangu ",0.018863,186,57982,"Rua Fonseca, 240 - Bangu, Rio de Janeiro - RJ",0.034598,0.016398,0.981137,{"nome":389,"vacancia":390,"numero_unidades":391,"area":392,"endereco":393,"percentual_inadimplencia":394,"percentual_receitas":395,"ocupacao":396},"Via Sul Shopping ",0.162418,127,25847,"Av. Washington Soares, 4335 - Lagoa Sapiranga - Fortaleza - CE",-0.01675,0.015205,0.837582,{"nome":398,"vacancia":399,"numero_unidades":400,"area":401,"endereco":402,"percentual_inadimplencia":403,"percentual_receitas":404,"ocupacao":405},"Shopping Conjunto Nacional",0.033101,228,43271,"SDN, CNB - Asa Norte, Brasilia - DF",0.000387,0.015136,0.966899,{"nome":407,"vacancia":408,"numero_unidades":409,"area":410,"endereco":411,"percentual_inadimplencia":412,"percentual_receitas":413,"ocupacao":414},"Shopping Tacaruna",0.065328,242,49897,"Avenida Governador Agamenon Magalhães, 153 - Sto Amaro, Recife - PE",0.037808,0.014597,0.934672,{"nome":416,"vacancia":417,"numero_unidades":418,"area":419,"endereco":420,"percentual_inadimplencia":421,"percentual_receitas":422,"ocupacao":423},"Shopping Madureira",0.053184,161,37000,"Estr. do Portela, 222 - Madureira, Rio de Janeiro – RJ",0.040984,0.014323,0.946816,{"nome":425,"vacancia":426,"numero_unidades":427,"area":428,"endereco":429,"percentual_inadimplencia":430,"percentual_receitas":431,"ocupacao":432},"Shopping ABC",0.02503,231,48017,"Av. Pereira Barreto, 42 - Santo André - SP",0.047807,0.012917,0.97497,{"nome":434,"vacancia":435,"numero_unidades":222,"area":436,"endereco":437,"percentual_inadimplencia":438,"percentual_receitas":439,"ocupacao":440},"West Shopping",0.016989,44233,"Estrada do Mendanha, 450 \u002F 550 e 555 – Rio de Janeiro – RJ",0.00731,0.009119,0.983011,{"nome":442,"vacancia":443,"numero_unidades":444,"area":445,"endereco":446,"percentual_inadimplencia":447,"percentual_receitas":448,"ocupacao":449},"Villagio Caxias",0.028911,146,29685,"Rodovia RSC 453, 2780 - Desvio Rizzo, Caixas do Sul - RS ",0.008909,0.008238,0.971089,{"nome":451,"vacancia":452,"numero_unidades":453,"area":454,"endereco":455,"percentual_inadimplencia":456,"percentual_receitas":457,"ocupacao":458},"Plaza Sul",0.030839,201,23500,"Praça Leonor Kaupa, 100 - Jardim da Saúde, São Paulo - SP",0.012981,0.007178,0.969161,{"nome":460,"vacancia":461,"numero_unidades":462,"area":463,"endereco":464,"percentual_inadimplencia":465,"percentual_receitas":466,"ocupacao":467},"São Luís Shopping",0.16568,233,56226,"Av. Prof. Carlos Cunha, 1000 - Jaracaty, São Luís - MA",0.04787,0.004875,0.83432,{"nome":469,"vacancia":470,"numero_unidades":471,"area":472,"endereco":473,"percentual_inadimplencia":474,"percentual_receitas":475,"ocupacao":476},"Center Shopping Rio",0.074564,77,15143,"Avenida Geremario Dantas, 404 - Rio de Janeiro - RJ",0.166642,0.000941,0.925436,{"nome":478,"vacancia":479,"numero_unidades":480,"area":481,"endereco":482,"percentual_inadimplencia":483,"percentual_receitas":484,"ocupacao":485},"Shopping Crystal",0.254329,96,15139,"Rua Comendador Araujo, 731 - Curitiba - PR",0.256596,0.00063,0.745671,false,{"data_referencia":175,"prazos":488,"indexadores":489,"receita_aluguel_trimestre":511,"valor_imoveis":512,"cap_rate":513,"receita_sobre_mercado":514,"aluguel_m2_mes":515,"area_ocupada":516},[],[490,493,496,499,502,505,508],{"nome":491,"percentual":492},"IGPM-DI",0.433174,{"nome":494,"percentual":495},"IGP-M",0.336202,{"nome":497,"percentual":498},"IPCA",0.108415,{"nome":500,"percentual":501},"Outros",0.092279,{"nome":503,"percentual":504},"INPC",0.022286,{"nome":506,"percentual":507},"MÉDIA (IGP-DI | IPCA e IPC)",0.004937,{"nome":509,"percentual":510},"IPC",0.002707,78221818.81,3995577676.27,0.078308,0.111465,22.24,1172572,{"id":191,"nome":164,"cnpj":518,"endereco":519,"telefone":520,"created_at":521,"updated_at":521},"13486793000142","R. Alves Guimarães, 1216 - Pinheiros, São Paulo - SP, 05410-002","(11) 3509-0600","2026-06-07T17:17:20.000000Z",{"id":480,"nome":523,"cnpj":524,"endereco":525,"telefone":526,"created_at":19,"updated_at":19},"KPMG AUDITORES INDEPENDENTES","57755217001281","Setor 2, Rua do Passeio, 38 - 17 andar - Centro, Rio de Janeiro - RJ, 20021-280","(21) 2207-9400",{"id":191,"nome":164,"cnpj":518,"endereco":519,"telefone":520,"created_at":521,"updated_at":521},{"ano_referencia":529,"data_disponibilizacao":530},"2025","2026-03-31",{"ResultadoFundo":532,"ConjunturaEconomica":533,"PerspectivaPeriodoSeguinte":534},"No exercício social findo em 31\u002F12\u002F2025, o Fundo, foi apurado o lucro contabil no montante de R$ 41.550.306,38.\n","Em 2024, o ano começou com otimismo no mercado, impulsionado pela expectativa de melhora no cenário macroeconômico e pela perspectiva de queda da Selic. Esse sentimento positivo refletiu-se no desempenho do IFIX, que acumulou uma alta superior a 6% até março. No entanto, a partir de abril, o cenário mudou: a confiança na recuperação econômica enfraqueceu, e as incertezas fiscais, somadas às discussões sobre a reforma tributária, aumentaram a aversão ao risco. Como resultado, o índice enfrentou uma performance mais fraca no segundo semestre, fechando o ano com performance negativa.\n\nNo segmento de shoppings a perfomance foi positiva durante o ano de 2024. Na média, os shoppings apresentaram crescimento de NOI acima da inflação e crescimentos de vendas ainda maiores, o que contribuiu para o crescimento do setor.\n\n","Para 2026, a expectativa é de um ambiente de atividade econômica mais moderado e inflação em trajetória de desaceleração. Nesse contexto, o mercado passou a incorporar a perspectiva de início de um ciclo de flexibilização da política monetária, ainda que em ambiente de juros reais elevados. Caso esse movimento se consolide, a redução da taxa básica de juros poderá contribuir para condições mais favoráveis aos ativos domésticos ao longo do período.\n\nNo segmento de shopping centers, os orçamentos dos ativos indicam expectativa de crescimento de resultados em patamar semelhante ou superior ao observado em 2025, apoiado pelo aumento de ocupação verificado ao longo do último ano, que já contribui para uma base de receita contratada mais forte para o período. Adicionalmente, um ambiente de juros em trajetória de queda pode favorecer o consumo e beneficiar o desempenho operacional dos shoppings. Medidas com potencial de ampliação da renda disponível das famílias, como a ampliação da faixa de isenção do Imposto de Renda, também podem representar suporte adicional para a dinâmica de vendas do setor. Por outro lado, a manutenção do IGP-M acumulado em 12 meses em patamar negativo segue como ponto de atenção, na medida em que pode limitar o repasse contratual de aluguéis em parte da carteira.",{"id":536,"descricao":537,"assunto":538,"tipo":539,"situacao":540,"texto":541,"link_pdf":542,"estruturado":486,"link_original":543,"data_referencia":544,"data_entrega":545,"versao":192},5226,"(VISC) Outros Relatórios - 31\u002F12\u002F2025","Outros Relatórios","Relatórios","(Ativo)","\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0001-00.png\">\u003C\u002Fp>\u003Cp>VINCI\u003Cbr>COMPASS\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cem>Vinci Fundos Listados\u003C\u002Fem>\u003C\u002Fh3>\u003Cp>\u003Cem>Relatório de Resultados Trimestrais – 4T25\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0002-00.png\">\u003C\u002Fp>\u003Cp>VINCI\u003Cbr>COMPASS\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cem>Vinci Shopping Centers FII VISC11\u003C\u002Fem>\u003C\u002Fh2>\u003Ch5>\u003Cem>Aquisição do Ativo Midway Mall\u003C\u002Fem>\u003C\u002Fh5>\u003Cp>\u003Cem>Conforme divulgado por meio de fato relevante em dezembro, o Fundo concluiu a aquisição do Midway Mall em conjunto com parceiros estratégicos que adquiriram de forma indireta a totalidade do Ativo. O investimento pelo Fundo se deu da seguinte forma:\u003C\u002Fem>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>\u003Cem>I. Aquisição indireta de 0,95% do Ativo, via SPE, por R$ 4,0 milhões, sendo R$ 2,0 milhões pagos à vista e o saldo em 4 parcelas anuais de R$ 0,5 milhão, corrigidas pelo IPCA.\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>\u003Cem>II. Aquisição de um CRI no valor de R$ 98,2 milhões para financiar parte do pagamento do preço pela SPE.\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cem>Foi realizado uma operação estruturada para recomposição de caixa do Fundo, convertendo desembolsos à vista em obrigações a prazo.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>A securitização foi divida em duas séries, no montante total de R$ 98,0 milhões, com prazos e condições distintas, permitindo maior flexibilidade no perfil de amortização da dívida:\u003C\u002Fem>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>\u003Cem>I. Tranche Curta: R$ 39,2 mi | 3 anos | CDI+1,70% a.a. | Carência: principal 3 anos; juros 50% por 12 meses.\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>\u003Cem>II. Tranche Longa: R$ 58,8 mi | 15 anos | CDI+1,75% a.a. | Carência: principal 3 anos; juros 50% por 12 meses.\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cem>A Transação Estruturada deve gerar incremento estimado de R$ 0,03\u002Fcota no resultado médio mensal do Fundo nos próximos 12 meses.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0003-10.png\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cem>Midway Mall\u003C\u002Fem>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cem>Localização\u003C\u002Fem>\u003Cbr>\u003Cem>Natal, RN\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Inauguração\u003C\u002Fem>\u003Cbr>\u003Cem>2005\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Administração\u003C\u002Fem>\u003Cbr>\u003Cem>Ancar\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>ABL (m²)\u003C\u002Fem>\u003Cbr>\u003Cem>67.796\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>NOI 2026O (R$ mm)\u003C\u002Fem>\u003Cbr>\u003Cem>138,0M\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0003-12.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Assinatura de MoU para aquisição do BH Shopping\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>O Fundo assinou um Memorando de Entendimentos para a aquisição de participação correspondente a 10% no BH Shopping, localizado no município de Belo Horizonte, Estado de Minas Gerais.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>Nessa transação, considerando a estrutura de investimento, a gestora estima yield médio de 11,4%, nos três primeiros anos, quando o preço da aquisição terá sido integralmente pago.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>A eventual conclusão da aquisição está sujeita ao cumprimento de condições precedentes usuais a esse tipo de transação previstas no MoU e à formalização dos documentos definitivos.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0004-05.png\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cem>BH Shopping\u003C\u002Fem>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cem>Localização\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Belo\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Horizonte, MG\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Inauguração\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>1979\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Administração\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>Multiplan\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>ABL (m²)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>47.474\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0004-07.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Portfólio com 31 ativos distribuídos em 15 estados brasileiros, além do Distrito Federal, com 296 mil m² de ABL própria e administrados por 11 administradoras distintas¹\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0005-02.png\">\u003C\u002Fp>\u003Cp>São Luís Shopping Iguatemi Bosque\u003Cbr>Pátio Belém North Shopping Maracanaú\u003Cbr>Midway Mall\u003Cbr>Via Sul Shopping\u003Cbr>Natal Shopping\u003Cbr>Shopping Tacaruna\u003Cbr>Shopping Paralela\u003Cbr>PA MA CE RN Minas Shopping\u003Cbr>PE Praia da Costa\u003Cbr>Ilha Plaza\u003Cbr>RO\u003Cbr>BA\u003Cbr>MT Center Shopping Rio\u003Cbr>West Shopping\u003Cbr>DF MG\u003Cbr>Porto Velho Shopping Boul evard Rio\u003Cbr>ES\u003Cbr>Madureira\u003Cbr>SP RJ\u003Cbr>Pantanal Shopping PR Carioca Shopping\u003Cbr>Bangu Shopping\u003Cbr>SC\u003Cbr>Conjunto Nacional\u003Cbr>RS Prudenshopping\u003Cbr>Villa Romana\u003Cbr>Granja Vianna\u003Cbr>Villagio Caxias\u003Cbr>Shopping ABC\u003Cbr>Shopping Crystal\u003Cbr>RibeirãoShopping\u003Cbr>Shopping Estação\u003Cbr>Campinas Shopping\u003Cbr>Shopping Plaza Sul\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0005-03.png\">\u003C\u002Fp>\u003Cp>\u003Cem>¹ Não está sendo considerado a possível aquisição do BH Shopping.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>Portfólio com 31 ativos distribuídos em 15 estados brasileiros, além do Distrito Federal, com 296 mil m² de ABL própria e administrados por 11 administradoras distintas\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>% NOI por Ativo Prudenshopping Porto Velho Shopping\u003C\u002Fem> \u003Cstrong>1\u003C\u002Fstrong>\u003Csup>\u003Cstrong>1\u003C\u002Fstrong>\u003C\u002Fsup> \u003Cstrong>1 1 1\u003C\u002Fstrong> \u003Cem>Praia da Costa Campinas Shopping\u003C\u002Fem> \u003Cstrong>2\u003C\u002Fstrong>\u003Csup>\u003Cstrong>2\u003C\u002Fstrong>\u003C\u002Fsup> \u003Cstrong>2 12\u003C\u002Fstrong> \u003Cem>Shopping Paralela Pantanal Shopping\u003C\u002Fem> \u003Cstrong>2\u003C\u002Fstrong> \u003Cem>Granja Vianna Shopping Estação\u003C\u002Fem> \u003Cstrong>2 2\u003C\u002Fstrong> \u003Cem>North Shopping Maracanaú RibeirãoShopping\u003C\u002Fem> \u003Cstrong>8 2\u003C\u002Fstrong> \u003Cem>Natal Shopping Villa Romana\u003C\u002Fem> \u003Cstrong>2\u003C\u002Fstrong> \u003Cem>Iguatemi Bosque Ilha Plaza\u003C\u002Fem> \u003Cstrong>2\u003C\u002Fstrong> \u003Cem>Boulevard Shopping Rio Carioca Shopping\u003C\u002Fem> \u003Cstrong>2 7\u003C\u002Fstrong> \u003Cem>Pátio Belém Minas Shopping\u003C\u002Fem> \u003Cstrong>3\u003C\u002Fstrong> \u003Cem>Bangu Shopping Shopping Conjunto Nacional Madureira Shopping Via Sul Shopping\u003C\u002Fem> \u003Cstrong>3 7\u003C\u002Fstrong> \u003Cem>Shopping Tacaruna Shopping ABC\u003C\u002Fem> \u003Cstrong>3\u003C\u002Fstrong> \u003Cem>West Shopping Villagio Caxias Plaza Sul São Luís Shopping\u003C\u002Fem> \u003Cstrong>7 4\u003C\u002Fstrong> \u003Cem>Midway Mall Shopping Crystal\u003C\u002Fem> \u003Cstrong>5 5\u003C\u002Fstrong> \u003Cem>Center Shopping Rio\u003C\u002Fem> \u003Cstrong>5 5\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>\u003Cem>% NOI por Ativo\u003C\u002Fem>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>% NOI por Administradora\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0006-05.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>% NOI por Tipo de Participação\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>% NOI por Estado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0006-08.png\">\u003C\u002Fp>\u003Cp>2 2 2 2 1\u003Cbr>SP 3 Controle\u003Cbr>RJ 4 31 31\u003Cbr>CE\u003Cbr>RO 5\u003Cbr>ES\u003Cbr>BA\u003Cbr>5\u003Cbr>MT\u003Cbr>PR\u003Cbr>RN 7\u003Cbr>SC\u003Cbr>PA 7 Minoritário\u003Cbr>MG 11 69\u003Cbr>DF 8\u003Cbr>PE 10\u003Cbr>RS\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0006-09.png\">\u003C\u002Fp>\u003Ch5>\u003Cem>Retorno consistente desde o IPO mesmo com cenário macro atual negativo\u003C\u002Fem>\u003C\u002Fh5>\u003Cp>\u003Cem>O Fundo obteve retorno total de 116,5% desde seu IPO, em outubro de 2017. No mesmo período¹, esse desempenho corresponde a 159% do retorno do IFIX e 27,6 pontos percentuais abaixo do IBOV, que recentemente renovou suas máximas históricas. Neste cenário, a rentabilidade líquida total do Fundo² desde o seu IPO foi de 114,8% representando 136% do CDI líquido³ acumulado nesse mesmo período.\u003C\u002Fem>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Rentabilidade Bruta do Fundo\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0007-04.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Bloomberg\u003C\u002Fem>\u003C\u002Fp>\u003Cblockquote>\u003Cp>\u003Cem>¹ Período compreendido entre o IPO do Fundo, em novembro de 2017 e 30\u002F06\u002F2025\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>² Considera uma alíquota de 20% de Imposto de Renda sobre a valorização da cota.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>³Considera uma alíquota de 15% de Imposto de Renda (menor alíquota para aplicações financeiras de pessoas físicas).\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0007-09.png\">\u003C\u002Fp>\u003Ch5>\u003Cem>Histórico de Distribuição\u003C\u002Fem>\u003C\u002Fh5>\u003Cp>\u003Cem>A distribuição de rendimentos média nos últimos 12 meses terminados em janeiro foi de R$ 0,81\u002Fcota, enquanto a geração de resultado média foi de R$ 0,82\u002Fcota. O último rendimento divulgado, em janeiro, foi de R$ 0,84\u002Fcota e o VISC ainda contava com um resultado acumulado não distribuído de R$ 1,14\u002Fcota, no final do mês. O Shopping Paralela FII ainda possui um resultado acumulado não distribuído de R$ 10 milhões, equivalente a R$ 0,35\u002Fcota². Somado ao resultado acumulado não distribuído do VISC, o total corresponde a R$ 1,48\u002Fcota.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cstrong>Histórico de Distribuição (R$\u002Fcota) VISC11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0008-04.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Vinci Compass\u003C\u002Fem>\u003C\u002Fp>\u003Cblockquote>\u003Cp>\u003Cem>² Utilizando como base as cotas do VISC\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0008-07.png\">\u003C\u002Fp>\u003Cp>\u003Cem>¹ Média Mensal\u003C\u002Fem>\u003C\u002Fp>\u003Ch5>\u003Cem>Indicadores Financeiros e Operacionais - NOI Caixa\u002Fm²\u003C\u002Fem>\u003C\u002Fh5>\u003Cp>\u003Cem>Os shoppings apresentaram crescimento de 5,4% no seu NOI Caixa\u002Fm² no quarto trimestre de 2025, quando comparado com o mesmo período em 2024. Os 10 principais shoppings¹, que representam cerca de 65% do NOI do portfólio, apresentaram um crescimento de 5,5%. No ano, o fundo apresentou um crescimento de NOI Caixa\u002Fm² de 6,5%, replicando as participações que o Fundo detém hoje nos ativos para o mesmo período de comparação.\u003C\u002Fem>\u003C\u002Fp>\u003Ch6>\u003Cstrong>NOI Caixa\u002Fm² (R$\u002Fm²)\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cem>Crescime\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>nto NOI\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>Caixa\u002F\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>m² vs 20\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>24\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cem>Ativo\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1T25\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2T25\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3T25\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Out\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Nov\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Dez\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4T25\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Ano\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Prudenshopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,6%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Porto Velho Shopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-6,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_9,4% _\u003C\u002Ftd>\u003Ctd>_-10,5% _\u003C\u002Ftd>\u003Ctd>\u003Cem>-8,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_-3,9% _\u003C\u002Ftd>\u003Ctd>\u003Cem>-1,3%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Praia da Costa\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>29,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>32,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_16,7% _\u003C\u002Ftd>\u003Ctd>_11,5% _\u003C\u002Ftd>\u003Ctd>\u003Cem>12,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>22,0%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Campinas Shopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>12,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>14,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,1%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Shopping Paralela\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>15,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>11,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>11,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_15,7% _\u003C\u002Ftd>\u003Ctd>\u003Cem>12,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,3%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Granja Vianna\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>13,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-1,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>13,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,9%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Pantanal Shopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-0,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_-1,0% _\u003C\u002Ftd>\u003Ctd>\u003Cem>11,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-1,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,1%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>North Shopping\u003C\u002Fem>\u003Cbr>\u003Cem>Maracanaú\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-3,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-0,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_28,0% _\u003C\u002Ftd>\u003Ctd>\u003Cem>-1,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_14,2% _\u003C\u002Ftd>\u003Ctd>_12,5% _\u003C\u002Ftd>\u003Ctd>\u003Cem>4,0%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Shopping Estação\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>17,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>15,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>14,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>17,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_8,7% _\u003C\u002Ftd>\u003Ctd>\u003Cem>13,9%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>RibeirãoShopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-4,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>34,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-6,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-0,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>12,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,6%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Subtotal\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,0%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Outros\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-1,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-1,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,0%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>VISC\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_5,4% _\u003C\u002Ftd>\u003Ctd>\u003Cem>6,5%¹\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0009-05.png\">\u003C\u002Fp>\u003Cp>+5,4%\u003Cbr>+7,6%\u003Cbr>+4,7% 122\u003Cbr>+3,5%\u003Cbr>113\u003Cbr>105\u003Cbr>99 100\u003Cbr>95 94\u003Cbr>92\u003Cbr>2024 2025 2024 2025 2024 2025 2024 2025\u003Cbr>Outubro Novembro Dezembro vazio 4º Trimestre\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0009-06.png\">\u003C\u002Fp>\u003Cblockquote>\u003Cp>\u003Cem>¹ Shoppings que representam aproximadamente 65% do NOI do Fundo\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>² Os números para o portfólio consolidado levam em consideração as participações que o Fundo possui em cada ativo hoje replicadas para o período de comparação\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Ch5>\u003Cem>Indicadores Financeiros e Operacionais – Vendas\u002Fm²\u003C\u002Fem>\u003C\u002Fh5>\u003Cp>\u003Cem>Ao longo do quarto trimestre do ano, as vendas apresentaram crescimentos em todos os meses quando comparadas com o mesmo período em 2024. O portfólio do fundo apresentou crescimento de vendas de 4,3% no 4T25 quando comparamos com o 4T24. No ano, o fundo apresentou um crescimento de vendas\u002Fm² 4,7%, replicando as participações que o Fundo detém hoje nos ativos para o mesmo período de comparação.\u003C\u002Fem>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Vendas\u002Fm²(R$\u002Fm²)\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cem>Crescim\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>ento Ve\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>ndas\u002F\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>m² vs 20\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>24\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cem>Ativo\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1T25\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2T25\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3T25\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Out\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Nov\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Dez\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4T25\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Ano\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Prudenshopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_2,6% _\u003C\u002Ftd>\u003Ctd>\u003Cem>14,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,5%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Porto Velho Shopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>14,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_-8,2% _\u003C\u002Ftd>\u003Ctd>\u003Cem>-9,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_-2,6% _\u003C\u002Ftd>\u003Ctd>\u003Cem>-9,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2,4%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Praia da Costa\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>19,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_18,9% _\u003C\u002Ftd>\u003Ctd>_16,1% _\u003C\u002Ftd>\u003Ctd>_20,5% _\u003C\u002Ftd>\u003Ctd>\u003Cem>18,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_5,4% _\u003C\u002Ftd>\u003Ctd>\u003Cem>13,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>16,7%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Campinas Shopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>11,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,1%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Shopping Paralela\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,5%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Granja Vianna\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-0,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,7%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Pantanal Shopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_-0,5% _\u003C\u002Ftd>\u003Ctd>\u003Cem>-14,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003Cbr>\u003Cem>12,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-4,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-4,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-7,5%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>North Shopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\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>\u003Cem>Maracanaú\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_0,8% _\u003C\u002Ftd>\u003Ctd>\u003Cem>-3,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,3%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Shopping Estação\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>11,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>13,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>_3,6% _\u003C\u002Ftd>\u003Ctd>\u003Cem>10,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,8%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>RibeirãoShopping\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>12,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,2%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Subtotal\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,7%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,5%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,0%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Outros\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9,2%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,0%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>VISC\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6,9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5,6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3,8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,3%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4,7%¹\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0010-05.png\">\u003C\u002Fp>\u003Cp>+3,8%\u003Cbr>+4,3%\u003Cbr>+5,6% 2.489\u003Cbr>2.397\u003Cbr>+3,6%\u003Cbr>1.932\u003Cbr>1.799 1.852\u003Cbr>1.703\u003Cbr>1.468 1.524\u003Cbr>2024 2025 2024 2025 2024 2025 2024 2025\u003Cbr>Outubro Novembro Dezembro vazio 4º Trimestre\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0010-06.png\">\u003C\u002Fp>\u003Cp>\u003Cem>1 Os números para o portfólio consolidado levam em consideração as participações que o Fundo possui em cada ativo hoje replicadas para o período de comparação\u003C\u002Fem>\u003C\u002Fp>\u003Ch5>\u003Cem>Indicadores Operacionais – Taxa de Ocupação\u003C\u002Fem>\u003C\u002Fh5>\u003Cp>\u003Cem>A taxa de ocupação do fundo apresentou um crescimento ao longo dos últimos 12 meses e chegando a 95,2% no mês de dezembro. No final do quarto trimestre de 2025, a taxa de ocupação teve um crescimento de 0,6 pontos percentuais em relação a setembro de 2024.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0011-03.png\">\u003C\u002Fp>\u003Cp>Taxa de Ocupação\u003Cbr>94,6% 94,4% 94,5% 94,5% 94,3% 94,5% 94,6% 94,4% 94,0% 94,8% 95,0% 95,3% 95,2%\u003Cbr>dez-24 jan-25 fev-25 mar-25 abr-25 mai-25 jun-25 jul-25 ago-25 set-25 out-25 nov-25 dez-25\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0011-04.png\">\u003C\u002Fp>\u003Ch5>\u003Cem>Situação de Caixa – Obrigações a Pagar\u003C\u002Fem>\u003C\u002Fh5>\u003Cp>\u003Cem>Em janeiro de 2026, as obrigações por aquisição de imóveis do Fundo a prazo totalizavam R$ 786,4 milhões, enquanto as aplicações financeiras somavam R$ 187,5 milhões. O Fundo tem caixa para honrar suas obrigações até o primeiro semestre de 2027, já assumindo a projeção de investimentos a serem realizados nos ativos do Fundo.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cronograma de Pagamento das Obrigações de Aquisição de Imóveis a Prazo (R$ MM)¹\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Alavancagem\u003C\u002Fstrong>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cem>Alavancagem (R$ mil)\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cem>out\u002F25\u003C\u002Fem>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cem>Aplicações Financeiras\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>187.544\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Obrigações de Aquisição de Ativos, a\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>té 2025²\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>-107.784\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Caixa Líquido ao Fim de 2026\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>79.760\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Demais Obrigações de Aquisição de\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Ativos²\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>-678.617\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Recebimento parcelas de Vendas de\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Ativos\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>0\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Alavancagem Líquida Total\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cem>-598.856\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Obrigações\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Taxa\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Venc.\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>Saldo\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>% Total\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Portfólio Ancar (CRI)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>IPCA + 6,25%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>set\u002F36\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>355.354\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>45%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Shopping Paralela\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>IPCA\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>N\u002FA\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>116.495\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>15%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Campinas Tranche 2 (CRI)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>IPCA + 7,65%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>dez\u002F34\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>96.550\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>12%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>FII Paralela (CRI)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>TR + 9,85%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>mai\u002F29\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>60.090\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Midway Mall Longa (CRI)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>CDI + 1,75%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>fev\u002F41\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>58.800\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Midway Mall Curta (CRI)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>CDI + 1,70%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>fev\u002F29\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>39.200\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Granja Vianna (CRI)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>CDI + 1,85%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>mar\u002F33\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>33.930\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Paralela, West, Crystal e Center (CRI)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>TR + 9,85%³\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>mai\u002F29\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>13.685\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Ilha Plaza e Pátio Belém (CRI)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>TR + 9,40%³\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>mar\u002F27\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4.627\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Tacaruna\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>100% CDI\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>N\u002FA\u003C\u002Fem>\u003Csup>\u003Cem>4\u003C\u002Fem>\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>\u003Cem>7.668\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Total\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>786.401\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0012-06.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0012-07.png\">\u003C\u002Fp>\u003Cblockquote>\u003Cp>\u003Cem>¹ Gráfico do fluxo das obrigações, separado em parcelas de juros e principal, a partir de janeiro de 2026\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>² Parcela de principal das obrigações de aquisição de ativos\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>³ Juros remuneratórios calculados com base em 360 dias corridos\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cem>4 Retenção do preço de aquisição até a data de cumprimento de obrigação pelos vendedores\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Ch5>\u003Cem>Resultado Financeiro Regime Caixa\u003C\u002Fem>\u003C\u002Fh5>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cem>Resultado do Fundo (R$ mil)\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>Outubro\u002F25\u003C\u002Fem>\u003Cbr>\u003Cem>(R$ mil)\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>Novembro\u002F25\u003C\u002Fem>\u003Cbr>\u003Cem>(R$ mil)\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>Dezembro\u002F25\u003C\u002Fem>\u003Cbr>\u003Cem>(R$ mil)\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>4T25\u003C\u002Fem>\u003C\u002Fth>\u003Cth>∆\u003Cem>4T24(%)\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>2025\u003C\u002Fem>\u003C\u002Fth>\u003Cth>∆\u003Cem>2024 (%)\u003C\u002Fem>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cem>Resultado Imóveis\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>26.590\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>28.886\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>32.029\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>87.505\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>334.866\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>11%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Resultado Financeiro\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2.182\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2.817\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2.884\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-7.884\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>58%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-20.352\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1483%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Receita Financeira\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2.033\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1.660\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1.343\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>5.036\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-21%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>28.968\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-22%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Despesa Financeira\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-4.214\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-4.478\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-4.228\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-12.920\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>13%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-49.320\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>28%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Taxa de Administração\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-3.197\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-3.405\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2.788\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-9.390\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-35.124\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-9%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Administrador e Escriturador\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-400\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-413\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-371\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-1.184\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-4.589\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Gestor\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2.798\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2.992\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2.417\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-8.207\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-30.536\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-10%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Outras Receitas\u002FDespesas\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-146\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-133\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-736\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-1.015\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-39%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-2.569\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-19%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Resultado Recorrente Total(R$\u002Fcota)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,73\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,78\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,89\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,40\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>8%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9,60\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>7%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Resultado Não Recorrente\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-100%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>16.028\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-70%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Resultado Não Recorrente(R$\u002Fcota)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,00\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,00\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,00\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,00\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-100%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,56\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-70%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Resultado Total\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,73\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,78\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,89\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,40\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>10,16\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-6%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Rendimentos a serem distribuídos\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,81\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,81\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,81\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>2,43\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>1%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>9,67\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-10%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Distribuição sobre o Resultado (%)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>111%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>104%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>91%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>101%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>95%\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Resultado Acumulado Não Distribuído-Inicial\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,83\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,75\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,72\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,83\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,34\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>+ Resultado Total - Rendimentos divulgados\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-0,08\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-0,03\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,08\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-0,03\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,46\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Resultado Acumulado Não Distribuído-Final\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,75\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,72\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,80\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,80\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>0,80\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0013-03.png\">\u003C\u002Fp>\u003Ch4>\u003Cem>Vinci Shopping Centers FII – VISC11\u003C\u002Fem>\u003C\u002Fh4>\u003Ch5>\u003Cem>Situação atual do Fundo\u003C\u002Fem>\u003C\u002Fh5>\u003Ch6>\u003Cem>Premissas de resultado¹:\u003C\u002Fem>\u003C\u002Fh6>\u003Cul>\u003Cli>\u003Cp>\u003Cem>Forecast baseado no atingimento dos orçamentos de NOI dos shoppings previstos para o ano de 2026.\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>\u003Cem>Crescimento real de 2,5% a.a. a partir de 2027.\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cem>Composição da carteira VISC11\u003C\u002Fem>\u003C\u002Fth>\u003Cth>\u003Cem>Janeiro\u002F2026\u003C\u002Fem>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cem>Imóveis (R$ ‘000)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3.997.798\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>FIIs (R$ ‘000)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>6.537\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Caixa (R$ ‘000)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>181.007\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Dívidas (R$ ‘000)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-786.401\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Contas a Pagar\u002FReceber (R$ ‘000)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>4.380\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Patrimônio Líquido (R$ ‘000)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>3.403.322\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Dívida Líquida (R$ ‘000)\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>-598.856\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cem>Dívida Líquida\u002FImóveis\u003C\u002Fem>\u003C\u002Ftd>\u003Ctd>\u003Cem>15,0%\u003C\u002Fem>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch6>\u003Cstrong>Expectativa de Geração de Resultado Recorrente (R$\u002Fcota) VISC11²\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cem>Guidance 2026:\u003C\u002Fem>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0014-08.png\">\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cem>A estimativa de rendimentos do Fundo é de uma distribuição entre R$ 0,84 e R$ 0,90\u002Fcota até dezembro de 2026.\u003C\u002Fem>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0014-10.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Vinci Compass\u003C\u002Fem>\u003C\u002Fp>\u003Cblockquote>\u003Cp>\u003Cem>¹ A rentabilidade esperada considera a atual situação do Fundo e não representa e nem deve ser considerada, a qualquer momento e sobre qualquer hipótese, como promessa, garantia ou sugestão de rentabilidade futura.\u003C\u002Fem>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0014-13.png\">\u003C\u002Fp>\u003Cp>\u003Cem>² Média Mensal\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F5226\u002F5226.pdf-0015-00.png\">\u003C\u002Fp>\u003Cp>VINCI\u003Cbr>COMPASS\u003Cbr>\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FVISC11\u002Fdocumentos\u002F5226\u002Fpdf","https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1120505","2025-12-31","2026-02-24 19:08:00",{"title":547,"description":548,"canonical":549,"image":550,"json_ld":551,"nome":575,"resumo":608},"Outros Relatórios VISC11 de 31\u002F12\u002F2025 | Kartac","Outros Relatórios de 31\u002F12\u002F2025 do VISC11 (Vinci Shopping Centers), entrega em 24\u002F02\u002F2026. DY 12 meses de 10,29% e P\u002FVP 0,84 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVISC11\u002Fdocumentos\u002F5226","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":552,"@graph":553},"https:\u002F\u002Fschema.org",[554,560,565,573,585,595],{"@type":555,"@id":556,"name":557,"url":558,"logo":559},"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":561,"@id":562,"name":557,"url":558,"inLanguage":563,"publisher":564},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":556},{"@type":566,"@id":567,"url":549,"name":547,"description":548,"inLanguage":563,"isPartOf":568,"dateModified":75,"mainEntity":569,"breadcrumb":571},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVISC11\u002Fdocumentos\u002F5226#pagina",{"@id":562},{"@id":570},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVISC11\u002Fdocumentos\u002F5226#documento",{"@id":572},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVISC11\u002Fdocumentos\u002F5226#migalhas",{"@type":574,"@id":570,"name":575,"alternateName":537,"url":549,"inLanguage":563,"about":576,"genre":539,"datePublished":578,"temporalCoverage":544,"author":579,"publisher":584,"isBasedOn":543},"Report","Outros Relatórios VISC11 de 31\u002F12\u002F2025",{"@id":577},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVISC11#fundo","2026-02-24",{"@type":555,"name":15,"identifier":580},{"@type":581,"propertyID":582,"value":583},"PropertyValue","CNPJ","13.838.015\u002F0001-75",{"@type":555,"name":164},{"@type":586,"@id":577,"name":8,"alternateName":587,"url":588,"category":141,"identifier":589,"provider":593},"InvestmentFund",[9,6],"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVISC11",[590,592],{"@type":581,"propertyID":591,"value":9},"Ticker B3",{"@type":581,"propertyID":582,"value":12},{"@type":555,"name":15,"identifier":594},{"@type":581,"propertyID":582,"value":583},{"@type":596,"@id":572,"itemListElement":597},"BreadcrumbList",[598,601,604,606],{"@type":599,"position":192,"name":600,"item":558},"ListItem","Início",{"@type":599,"position":191,"name":602,"item":603},"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":599,"position":605,"name":9,"item":588},3,{"@type":599,"position":607,"name":537,"item":549},4,{"atualizado_em":609,"frases":610},"2026-11-05",[611,612,613,614,615],"Outros Relatórios do Vinci Shopping Centers (VISC11), fundo imobiliário de shoppings, com data de referência em 31\u002F12\u002F2025, com entrega no FundosNet (B3) em 24\u002F02\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do VISC11 fechou a R$ 97,37, com P\u002FVP de 0,84 (valor patrimonial de R$ 115,79 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,84 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 10,29% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 3,3 bilhões no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento."]