[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:VSHO11:6701":3,"seo:\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6701":16,"fii-documento:VSHO11":91},{"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},6701,"(VSHO) Relatório Gerencial - 31\u002F08\u002F2026","Relatório Gerencial","Relatórios","(Ativo)","\u003Ch2>VSHO11\u003C\u002Fh2>\u003Cp>FI Imobiliário Votorantim Shopping\u003C\u002Fp>\u003Cp>REDES \u003Cstrong>TIVIO CAPITAL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_1_image_1.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>ri@tivio.com\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>TIVIO CAPITAL\u003C\u002Fp>\u003Cp>in\u003C\u002Fp>\u003Cp>www.tivio.com\u003C\u002Fp>\u003Cp>Acesse o site dos fundos:\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_1_image_7.jpg\">\u003C\u002Fp>\u003Ch3>Votorantim Shopping Fundo de Investimento Imobiliário (FII)\u003C\u002Fh3>\u003Cp>Ticker \u003Cstrong>VSHO11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>CNPJ \u003Cstrong>23.740.595\u002F0001-17\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Administrador TIVIO CAPITAL DTVM S.A.\u003C\u002Fp>\u003Cp>Gestor TIVIO CAPITAL DTVM S.A.\u003C\u002Fp>\u003Cp>Escriturador das Cotas Banco Bradesco S.A.\u003C\u002Fp>\u003Cp>Auditor PWC\u003C\u002Fp>\u003Cp>Início de Negociação na B3 Jan-19\u003C\u002Fp>\u003Cp>Prazo do Fundo Indeterminado\u003C\u002Fp>\u003Cp>Quantidade de Cotas Emitidas 2.098.800\u003C\u002Fp>\u003Cp>Público Alvo Investidores em geral\u003C\u002Fp>\u003Cp>Taxa de Administração e Gestão 0,75% a.a.\u003C\u002Fp>\u003Cp>Taxa de Performance Não há\u003C\u002Fp>\u003Cp>Distribuição de Rendimentos Mensal, com pagamento no 6º dia útil do mês\u003C\u002Fp>\u003Cp>Objetivo do fundo\u003C\u002Fp>\u003Cp>O objetivo do Fundo é proporcionar aos cotistas renda mensal por meio da exploração comercial de empreendimentos imobiliários como shopping centers, strip malls, outlets ou power centers. Atualmente o fundo tem em seu portfólio três shoppings: Shopping Bay Market, Shopping Hortolândia e Shopping Valinhos.\u003C\u002Fp>\u003Ch3>Principais Indicadores\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_3_image_3.jpg\">\u003C\u002Fp>\u003Ch3>Rentabilidade\u003C\u002Fh3>\u003Cp>Rendimento por Cota \u003Cstrong>R$ 0,70\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Dividend Yield Mensal \u003Cstrong>0,97%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Dividend Yield Anualizado \u003Cstrong>11,66%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Dividend Yield Médio (12 M) \u003Cstrong>11,43%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_3_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Valuation\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Cota Fechamento \u003Cstrong>R$72,02\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Cota Patrimonial \u003Cstrong>R$120,01\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Valor de Mercado \u003Cstrong>R$ 151,16 MM\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Valor Patrimonial \u003Cstrong>R$ 251,87 MM\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>P\u002FVP \u003Cstrong>0,60\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_3_image_16.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Liquidez\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Média Diária Volume Negociado \u003Cstrong>R$56.609\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_3_image_19.jpg\">\u003C\u002Fp>\u003Cp>Número de Negócios no Mês \u003Cstrong>784\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Número de Cotistas \u003Cstrong>2.893\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Quantidade de Cotas \u003Cstrong>2.098.800\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Portfólio\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Ativos 3\u003C\u002Fp>\u003Cp>Área Bruta Locável (m²) \u003Cstrong>45.690\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Vacância Física \u003Cstrong>10,3%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Acesse a Planilha de Fundamentos\u003C\u002Fp>\u003Ch3>Comentário do Gestor\u003C\u002Fh3>\u003Cp>888\u003C\u002Fp>\u003Cp>Distribuição Mês \u003Cstrong>0,70\u003C\u002Fstrong> \u002F Cota\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_4_image_3.jpg\">\u003C\u002Fp>\u003Cp>Dividend Yield \u003Cstrong>11,66%\u003C\u002Fstrong> Anualizado\u003C\u002Fp>\u003Ch3>RETORNO\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_4_chart_7.jpg\">\u003C\u002Fp>\u003Cp>Em agosto, o resultado caixa foi de R$ 1,00 por cota, sendo que a rentabilidade do Fundo nos últimos 12 meses foi de 10,3%, frente a uma rentabilidade de 8,2% do IFIX para o mesmo período, enquanto a rentabilidade YTD foi de 1,5%, frente a rentabilidade do IFIX de -0,3%.\u003C\u002Fp>\u003Cp>Em julho, o portfólio apresentou uma relevante recuperação da inadimplência, fechando com uma inadimplência líquida negativa de 10%. O resultado reflete a reversão da inadimplência pontual decorrente da transição operacional da administradora dos shoppings, reportada em junho, além da recuperação de valores inadimplidos de meses anteriores.\u003C\u002Fp>\u003Cp>Por fim, desde o mês de maio, verificamos que as despesas ordinárias dos shoppings que são arcadas pelo Fundo, na condição de proprietário, passaram a ser apresentadas como despesas administrativas do Fundo, deixando de compor a linha de NOI Líquido.\u003C\u002Fp>\u003Cp>A alteração não representou aumento de despesas, apenas uma mudança na forma de apresentação das informações. A partir do próximo relatório, a divulgação retornará ao formato anterior.\u003C\u002Fp>\u003Ch3>Resultado e Rentabilidade\u003C\u002Fh3>\u003Ch3>Resultado (DRE)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>ju n\u002F26 (R$ mil)\u003C\u002Fth>\u003Cth>ju l\u002F26 (R$ mil)\u003C\u002Fth>\u003Cth>ago\u002F26 (R$ mil)\u003C\u002Fth>\u003Cth>ago\u002F26(R$\u002FCota)\u003C\u002Fth>\u003Cth>Ano (YTD)\u003C\u002Fth>\u003Cth>12 Meses\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Receitas\u003C\u002Ftd>\u003Ctd>2 . 51 3\u003C\u002Ftd>\u003Ctd>2 . 670\u003C\u002Ftd>\u003Ctd>3. 334\u003C\u002Ftd>\u003Ctd>1 5 9,\u003C\u002Ftd>\u003Ctd>1 7. 958\u003C\u002Ftd>\u003Ctd>2 5. 947\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>N OI Líquido\u003C\u002Ftd>\u003Ctd>2 .49 6\u003C\u002Ftd>\u003Ctd>2 . 649\u003C\u002Ftd>\u003Ctd>3. 31 4\u003C\u002Ftd>\u003Ctd>1 , 5 8\u003C\u002Ftd>\u003Ctd>1 7. 788\u003C\u002Ftd>\u003Ctd>2 5. 675\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Financeira Caixa\u003C\u002Ftd>\u003Ctd>1 8\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>2 0\u003C\u002Ftd>\u003Ctd>0 01,\u003C\u002Ftd>\u003Ctd>1 70\u003C\u002Ftd>\u003Ctd>272\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas\u003C\u002Ftd>\u003Ctd>(827)\u003C\u002Ftd>\u003Ctd>(1 . 001)\u003C\u002Ftd>\u003Ctd>(1 . 065)\u003C\u002Ftd>\u003Ctd>(0 , 51 )\u003C\u002Ftd>\u003Ctd>(4.486)\u003C\u002Ftd>\u003Ctd>(5.427)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Obras e Man ute nção\u003C\u002Ftd>\u003Ctd>(91)\u003C\u002Ftd>\u003Ctd>(81)\u003C\u002Ftd>\u003Ctd>(31)\u003C\u002Ftd>\u003Ctd>(0 , 0 0)\u003C\u002Ftd>\u003Ctd>(1 . 234)\u003C\u002Ftd>\u003Ctd>(2 . 051)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Ad ministrativas\u003C\u002Ftd>\u003Ctd>(736)\u003C\u002Ftd>\u003Ctd>(91 9)\u003C\u002Ftd>\u003Ctd>(1 . 034)\u003C\u002Ftd>\u003Ctd>(0 , 4 9 )\u003C\u002Ftd>\u003Ctd>(3. 2 52)\u003C\u002Ftd>\u003Ctd>(3. 376)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxas do Fu ndo\u003C\u002Ftd>\u003Ctd>(1 45)\u003C\u002Ftd>\u003Ctd>(1 50)\u003C\u002Ftd>\u003Ctd>(1 71)\u003C\u002Ftd>\u003Ctd>(0 , 0 8)\u003C\u002Ftd>\u003Ctd>(1 . 2 54)\u003C\u002Ftd>\u003Ctd>(1 . 880)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa Ad m nistração e Gestão\u003C\u002Ftd>\u003Ctd>(1 9)\u003C\u002Ftd>\u003Ctd>(2 0)\u003C\u002Ftd>\u003Ctd>(23)\u003C\u002Ftd>\u003Ctd>(0 , 01 )\u003C\u002Ftd>\u003Ctd>(680)\u003C\u002Ftd>\u003Ctd>(1 . 2 94)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De mais Taxas\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0\u003C\u002Ftd>\u003Ctd>0 , 0 0\u003C\u002Ftd>\u003Ctd>(47)\u003C\u002Ftd>\u003Ctd>(59)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resu ltado Recorrente\u003C\u002Ftd>\u003Ctd>1.542\u003C\u002Ftd>\u003Ctd>1.519\u003C\u002Ftd>\u003Ctd>2.097\u003C\u002Ftd>\u003Ctd>1,00\u003C\u002Ftd>\u003Ctd>12.217\u003C\u002Ftd>\u003Ctd>-18.641\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resu ltado não recorrente\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resu ltado Total\u003C\u002Ftd>\u003Ctd>1.542\u003C\u002Ftd>\u003Ctd>1.519\u003C\u002Ftd>\u003Ctd>2.097\u003C\u002Ftd>\u003Ctd>1,00\u003C\u002Ftd>\u003Ctd>12.217\u003C\u002Ftd>\u003Ctd>18.641\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Resultado e Distribuição de Rendimentos\u003C\u002Fh3>\u003Cp>O resultado gerado pelo Fundo em agosto foi de R$ 1,00\u002Fcota.\u003C\u002Fp>\u003Cp>No mês, a distribuição foi de R$ 0,70\u002Fcota e o fundo encerrou com uma reserva de caixa de R$ 0,49\u002Fcota.\u003C\u002Fp>\u003Cp>RESULTADO GERADO\u003C\u002Fp>\u003Cp>Resultado Recorrente\u003C\u002Fp>\u003Cp>Resultado Total\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_7_chart_8.jpg\">\u003C\u002Fp>\u003Cp>RESULTADO GERADO versus RESULTADO DISTRIBUIDO\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_7_chart_10.jpg\">\u003C\u002Fp>\u003Cp>Saldo de resultado gerado não distribuído\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>0,34\u003C\u002Fth>\u003Cth>0,43\u003C\u002Fth>\u003Cth>0,51\u003C\u002Fth>\u003Cth>0,25\u003C\u002Fth>\u003Cth>0,28\u003C\u002Fth>\u003Cth>1,01\u003C\u002Fth>\u003Cth>0,17\u003C\u002Fth>\u003Cth>0,18\u003C\u002Fth>\u003Cth>0,13\u003C\u002Fth>\u003Cth>0,17\u003C\u002Fth>\u003Cth>0,19\u003C\u002Fth>\u003Cth>0,49\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Rentabilidade e Liquidez\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_8_chart_2.jpg\">\u003C\u002Fp>\u003Cp>Fonte: Economática\u003C\u002Fp>\u003Cp>No mês de agosto, o VSHO teve uma rentabilidade de (3,1)% e, no acumulado dos últimos 12 meses, o fundo apresentou uma rentabilidade de 10,3%, acima do IFIX que teve uma rentabilidade de 8,2% no período.\u003C\u002Fp>\u003Cp>Índice \u003Cstrong>VSHO\u003C\u002Fstrong> IFIX CDI Líquido¹\u003C\u002Fp>\u003Cp>Mês \u003Cstrong>-3,1%\u003C\u002Fstrong> -1,5% 0,9%\u003C\u002Fp>\u003Cp>Ano \u003Cstrong>1,5%\u003C\u002Fstrong> -0,3% 7,9%\u003C\u002Fp>\u003Cp>12 Meses \u003Cstrong>10,3%\u003C\u002Fstrong> 8,2% 12,4%\u003C\u002Fp>\u003Ch3>Rentabilidade e Liquidez\u003C\u002Fh3>\u003Cp>O Fundo encerrou o mês com uma relação P\u002FVP de 0,60. O volume médio de negociação diária no mês foi de R$57 mil por dia.\u003C\u002Fp>\u003Cp>PREÇO A MERCADO E PATRIMONIAL (R$ \u002F cota)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_9_chart_5.jpg\">\u003C\u002Fp>\u003Cp>VOLUME DE NEGOCIAÇÃO DIÁRIO – ADTV (R$ mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_9_chart_7.jpg\">\u003C\u002Fp>\u003Ch3>Indicadores Operacionais\u003C\u002Fh3>\u003Ch3>Carteira do Fundo\u003C\u002Fh3>\u003Ch3>COMPOSIÇÃO DA CARTEIRA DO FUNDO (R$ MM)\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_11_chart_4.jpg\">\u003C\u002Fp>\u003Cp>¹ Fundos atrelados a CDI com liquidez diária Fonte: Tivio Capital\u003C\u002Fp>\u003Ch3>Patrimônio Líquido do Fundo\u003C\u002Fh3>\u003Cp>O patrimônio líquido do Fundo encerrou o mês de agosto em R$251,9 milhões e é composto por R$ 244,5 milhões de imóveis, R$ 3,0 milhões são caixa alocados em fundo de liquidez¹ e R$ 3,8 milhões são valores a receber.\u003C\u002Fp>\u003Cp>\u003Cstrong>O Fundo não possui alavancagem ou obrigações futuras por compra de ativos.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Portfólio\u003C\u002Fh3>\u003Ch3>Indicadores Operacionais\u003C\u002Fh3>\u003Cp>O portfólio registrou em julho desempenho consolidado de 31,1% acima do observado no mesmo mês do ano anterior. O destaque positivo ficou com a reversão da inadimplência dos últimos meses nos três shoppings, registrando reversão de R$363 mil no NOI.\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd colspan=\"2\">Mês\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003Ctd colspan=\"2\">Acumulado no ano\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Receitas\u003C\u002Ftd>\u003Ctd>3.314\u003C\u002Ftd>\u003Ctd>2.889\u003C\u002Ftd>\u003Ctd>14,7%\u003C\u002Ftd>\u003Ctd>19.968\u003C\u002Ftd>\u003Ctd>19.001\u003C\u002Ftd>\u003Ctd>5,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Mínimo\u003C\u002Ftd>\u003Ctd>1.636\u003C\u002Ftd>\u003Ctd>1.525\u003C\u002Ftd>\u003Ctd>7,3%\u003C\u002Ftd>\u003Ctd>12.386\u003C\u002Ftd>\u003Ctd>11.302\u003C\u002Ftd>\u003Ctd>9,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Complementar\u003C\u002Ftd>\u003Ctd>301\u003C\u002Ftd>\u003Ctd>367\u003C\u002Ftd>\u003Ctd>-18,0%\u003C\u002Ftd>\u003Ctd>2.245\u003C\u002Ftd>\u003Ctd>2.366\u003C\u002Ftd>\u003Ctd>-5,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mall & Mídia\u003C\u002Ftd>\u003Ctd>476\u003C\u002Ftd>\u003Ctd>407\u003C\u002Ftd>\u003Ctd>17,1%\u003C\u002Ftd>\u003Ctd>3.015\u003C\u002Ftd>\u003Ctd>2.876\u003C\u002Ftd>\u003Ctd>4,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Receitas\u003C\u002Ftd>\u003Ctd>36\u003C\u002Ftd>\u003Ctd>83\u003C\u002Ftd>\u003Ctd>-55,9%\u003C\u002Ftd>\u003Ctd>(185)\u003C\u002Ftd>\u003Ctd>(4)\u003C\u002Ftd>\u003Ctd>-4126,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimplência Líquida\u003C\u002Ftd>\u003Ctd>363\u003C\u002Ftd>\u003Ctd>(6)\u003C\u002Ftd>\u003Ctd>6644,4%\u003C\u002Ftd>\u003Ctd>(966)\u003C\u002Ftd>\u003Ctd>(442)\u003C\u002Ftd>\u003Ctd>-118,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita de Estacionamento\u003C\u002Ftd>\u003Ctd>500\u003C\u002Ftd>\u003Ctd>514\u003C\u002Ftd>\u003Ctd>-2,6%\u003C\u002Ftd>\u003Ctd>3.473\u003C\u002Ftd>\u003Ctd>2.904\u003C\u002Ftd>\u003Ctd>19,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Despesas\u003C\u002Ftd>\u003Ctd>(755)\u003C\u002Ftd>\u003Ctd>(937)\u003C\u002Ftd>\u003Ctd>19,5%\u003C\u002Ftd>\u003Ctd>(5.296)\u003C\u002Ftd>\u003Ctd>(5.623)\u003C\u002Ftd>\u003Ctd>5,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Encargos com Lojas Vagas\u003C\u002Ftd>\u003Ctd>(528)\u003C\u002Ftd>\u003Ctd>(630)\u003C\u002Ftd>\u003Ctd>16,2%\u003C\u002Ftd>\u003Ctd>(3.529)\u003C\u002Ftd>\u003Ctd>(2.972)\u003C\u002Ftd>\u003Ctd>-18,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(227)\u003C\u002Ftd>\u003Ctd>(307)\u003C\u002Ftd>\u003Ctd>26,2%\u003C\u002Ftd>\u003Ctd>(1.768)\u003C\u002Ftd>\u003Ctd>(2.651)\u003C\u002Ftd>\u003Ctd>33,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI 100%\u003C\u002Ftd>\u003Ctd>2.559\u003C\u002Ftd>\u003Ctd>1.953\u003C\u002Ftd>\u003Ctd>31,1%\u003C\u002Ftd>\u003Ctd>14.672\u003C\u002Ftd>\u003Ctd>13.378\u003C\u002Ftd>\u003Ctd>9,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Informações financeiras referentes ao mês do relatório e informações operacionais referentes ao mês imediatamente anterior.\u003C\u002Fp>\u003Ch3>Indicadores operacionais\u003C\u002Fh3>\u003Cp>NOI Portfolio (R$ mil )\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_14_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Vacância Portfolio (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_14_image_6.jpg\">\u003C\u002Fp>\u003Cp>Fluxo de Veículos Total Portfolio (mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_14_chart_8.jpg\">\u003C\u002Fp>\u003Cp>Inadimplência Portfolio (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_14_chart_10.jpg\">\u003C\u002Fp>\u003Ch3>Shopping Bay Market\u003C\u002Fh3>\u003Cp>Ano de Inauguração 1994\u003C\u002Fp>\u003Cp>ABL 11,7 mil m²\u003C\u002Fp>\u003Cp>Número de Lojas 81\u003C\u002Fp>\u003Cp>Âncoras 3\u003C\u002Fp>\u003Cp>Estacionamento 204 vagas\u003C\u002Fp>\u003Cp>Principais Operações Casas Bahia, C&A, Lojas Americanas, Mc Donald’s, O Boticário\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_15_image_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_1.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_2.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_7.jpg\">\u003C\u002Fp>\u003Ch3>Shopping Bay Market\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_16_image_10.jpg\">\u003C\u002Fp>\u003Ch3>Bay Market\u003C\u002Fh3>\u003Ch3>Em julho, a performance do shopping foi marcada positivamente pela recuperação da inadimplência dos meses anteriores. Adicionalmente, as receitas com aluguel mínimo e mal & mídia mostraram avanço de 8,4% e 31,9%\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd colspan=\"2\">Mês\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003Ctd colspan=\"2\">Acumulado no ano\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Receitas\u003C\u002Ftd>\u003Ctd>1.147\u003C\u002Ftd>\u003Ctd>932\u003C\u002Ftd>\u003Ctd>23,0%\u003C\u002Ftd>\u003Ctd>6.247\u003C\u002Ftd>\u003Ctd>6.086\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Mínimo\u003C\u002Ftd>\u003Ctd>584\u003C\u002Ftd>\u003Ctd>539\u003C\u002Ftd>\u003Ctd>8,4%\u003C\u002Ftd>\u003Ctd>4.609\u003C\u002Ftd>\u003Ctd>4.054\u003C\u002Ftd>\u003Ctd>13,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Complementar\u003C\u002Ftd>\u003Ctd>24\u003C\u002Ftd>\u003Ctd>48\u003C\u002Ftd>\u003Ctd>-50,6%\u003C\u002Ftd>\u003Ctd>218\u003C\u002Ftd>\u003Ctd>386\u003C\u002Ftd>\u003Ctd>-43,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mall & Mídia\u003C\u002Ftd>\u003Ctd>211\u003C\u002Ftd>\u003Ctd>160\u003C\u002Ftd>\u003Ctd>31,9%\u003C\u002Ftd>\u003Ctd>1.294\u003C\u002Ftd>\u003Ctd>1.143\u003C\u002Ftd>\u003Ctd>13,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Receitas\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>29\u003C\u002Ftd>\u003Ctd>-28,3%\u003C\u002Ftd>\u003Ctd>23\u003C\u002Ftd>\u003Ctd>133\u003C\u002Ftd>\u003Ctd>-82,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimplência Líquida\u003C\u002Ftd>\u003Ctd>232\u003C\u002Ftd>\u003Ctd>22\u003C\u002Ftd>\u003Ctd>930,6%\u003C\u002Ftd>\u003Ctd>(449)\u003C\u002Ftd>\u003Ctd>(227)\u003C\u002Ftd>\u003Ctd>-97,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita de Estacionamento\u003C\u002Ftd>\u003Ctd>77\u003C\u002Ftd>\u003Ctd>135\u003C\u002Ftd>\u003Ctd>-43,3%\u003C\u002Ftd>\u003Ctd>552\u003C\u002Ftd>\u003Ctd>597\u003C\u002Ftd>\u003Ctd>-7,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Despesas\u003C\u002Ftd>\u003Ctd>(402)\u003C\u002Ftd>\u003Ctd>(501)\u003C\u002Ftd>\u003Ctd>19,8%\u003C\u002Ftd>\u003Ctd>(2.832)\u003C\u002Ftd>\u003Ctd>(2.497)\u003C\u002Ftd>\u003Ctd>-13,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Encargos com Lojas Vagas\u003C\u002Ftd>\u003Ctd>(309)\u003C\u002Ftd>\u003Ctd>(401)\u003C\u002Ftd>\u003Ctd>23,0%\u003C\u002Ftd>\u003Ctd>(2.056)\u003C\u002Ftd>\u003Ctd>(1.418)\u003C\u002Ftd>\u003Ctd>-45,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(93)\u003C\u002Ftd>\u003Ctd>(100)\u003C\u002Ftd>\u003Ctd>6,8%\u003C\u002Ftd>\u003Ctd>(776)\u003C\u002Ftd>\u003Ctd>(1.080)\u003C\u002Ftd>\u003Ctd>28,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI 100%\u003C\u002Ftd>\u003Ctd>746\u003C\u002Ftd>\u003Ctd>432\u003C\u002Ftd>\u003Ctd>72,7%\u003C\u002Ftd>\u003Ctd>3.415\u003C\u002Ftd>\u003Ctd>3.588\u003C\u002Ftd>\u003Ctd>-4,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Bay Market\u003C\u002Fh3>\u003Cp>NOI Bay Market (R$ mil )\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_18_chart_5.jpg\">\u003C\u002Fp>\u003Cp>Fluxo de Veículos Bay Market (mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_18_chart_7.jpg\">\u003C\u002Fp>\u003Cp>Vacância Bay Market (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_18_chart_9.jpg\">\u003C\u002Fp>\u003Cp>Inadimplência Bay Market(%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_18_chart_11.jpg\">\u003C\u002Fp>\u003Cp>Ano de Inauguração 2011\u003C\u002Fp>\u003Cp>ABL 19,1 mil m²\u003C\u002Fp>\u003Cp>Número de Lojas 120\u003C\u002Fp>\u003Cp>Âncoras 4\u003C\u002Fp>\u003Cp>Estacionamento 722 vagas\u003C\u002Fp>\u003Cp>Salas de Cinema 5\u003C\u002Fp>\u003Cp>Principais Operações Tenda Atacado, C&A, Pernambucanas, Lojas Americanas, Marisa, McDonald’s, Burger King\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_19_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_20_image_1.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_20_image_2.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_20_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_20_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_20_image_5.jpg\">\u003C\u002Fp>\u003Ch3>Horttolandia\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_20_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_20_image_8.jpg\">\u003C\u002Fp>\u003Ch3>Hortolândia\u003C\u002Fh3>\u003Ch3>Em julho, a performance do shopping foi marcada positivamente pela recuperação da inadimplência dos meses anteriores. Adicionalmente, as receitas com aluguel mínimo e mal & mídia mostraram avanço de 4,4% e 14,8%\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd colspan=\"2\">Mês\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003Ctd colspan=\"2\">Acumulado no ano\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Receitas\u003C\u002Ftd>\u003Ctd>1.307\u003C\u002Ftd>\u003Ctd>1.196\u003C\u002Ftd>\u003Ctd>9,3%\u003C\u002Ftd>\u003Ctd>8.238\u003C\u002Ftd>\u003Ctd>7.923\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Mínimo\u003C\u002Ftd>\u003Ctd>728\u003C\u002Ftd>\u003Ctd>697\u003C\u002Ftd>\u003Ctd>4,4%\u003C\u002Ftd>\u003Ctd>5.385\u003C\u002Ftd>\u003Ctd>5.047\u003C\u002Ftd>\u003Ctd>6,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Complementar\u003C\u002Ftd>\u003Ctd>87\u003C\u002Ftd>\u003Ctd>105\u003C\u002Ftd>\u003Ctd>-17,1%\u003C\u002Ftd>\u003Ctd>669\u003C\u002Ftd>\u003Ctd>636\u003C\u002Ftd>\u003Ctd>5,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mall & Mídia\u003C\u002Ftd>\u003Ctd>178\u003C\u002Ftd>\u003Ctd>155\u003C\u002Ftd>\u003Ctd>14,8%\u003C\u002Ftd>\u003Ctd>1.073\u003C\u002Ftd>\u003Ctd>1.079\u003C\u002Ftd>\u003Ctd>-0,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Receitas\u003C\u002Ftd>\u003Ctd>19\u003C\u002Ftd>\u003Ctd>38\u003C\u002Ftd>\u003Ctd>-51,2%\u003C\u002Ftd>\u003Ctd>(156)\u003C\u002Ftd>\u003Ctd>(79)\u003C\u002Ftd>\u003Ctd>-97,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimplência Líquida\u003C\u002Ftd>\u003Ctd>62\u003C\u002Ftd>\u003Ctd>(27)\u003C\u002Ftd>\u003Ctd>326,9%\u003C\u002Ftd>\u003Ctd>(381)\u003C\u002Ftd>\u003Ctd>(160)\u003C\u002Ftd>\u003Ctd>-138,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita de Estacionamento\u003C\u002Ftd>\u003Ctd>233\u003C\u002Ftd>\u003Ctd>228\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003Ctd>1.648\u003C\u002Ftd>\u003Ctd>1.399\u003C\u002Ftd>\u003Ctd>17,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Despesas\u003C\u002Ftd>\u003Ctd>(184)\u003C\u002Ftd>\u003Ctd>(244)\u003C\u002Ftd>\u003Ctd>24,6%\u003C\u002Ftd>\u003Ctd>(1.403)\u003C\u002Ftd>\u003Ctd>(1.606)\u003C\u002Ftd>\u003Ctd>12,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Encargos com Lojas Vagas\u003C\u002Ftd>\u003Ctd>(109)\u003C\u002Ftd>\u003Ctd>(108)\u003C\u002Ftd>\u003Ctd>-0,7%\u003C\u002Ftd>\u003Ctd>(684)\u003C\u002Ftd>\u003Ctd>(750)\u003C\u002Ftd>\u003Ctd>8,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(75)\u003C\u002Ftd>\u003Ctd>(136)\u003C\u002Ftd>\u003Ctd>44,7%\u003C\u002Ftd>\u003Ctd>(719)\u003C\u002Ftd>\u003Ctd>(856)\u003C\u002Ftd>\u003Ctd>16,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI 100%\u003C\u002Ftd>\u003Ctd>1.123\u003C\u002Ftd>\u003Ctd>952\u003C\u002Ftd>\u003Ctd>18,0%\u003C\u002Ftd>\u003Ctd>6.835\u003C\u002Ftd>\u003Ctd>6.316\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Hortolândia\u003C\u002Fh3>\u003Cp>NOI Hortolândia (R$ mil )\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_22_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Fluxo de Veículos Hortolândia (mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_22_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Vacância Hortolândia (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_22_image_8.jpg\">\u003C\u002Fp>\u003Cp>Inadimplência Hortolândia (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_22_chart_10.jpg\">\u003C\u002Fp>\u003Cp>Ano de Inauguração 2007\u003C\u002Fp>\u003Cp>ABL 15,1 mil m²\u003C\u002Fp>\u003Cp>Número de Lojas 100\u003C\u002Fp>\u003Cp>Âncoras 3\u003C\u002Fp>\u003Cp>Estacionamento 300 vagas\u003C\u002Fp>\u003Cp>Salas de Cinema 3\u003C\u002Fp>\u003Cp>Principais Operações Lojas Renner, Cobasi, Marisa, Drogasil, Kopenhagen, Mc Donald’s, O Boticário, Burger King\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_23_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_1.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_2.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_7.jpg\">\u003C\u002Fp>\u003Ch3>SHOPPING VALINHOS\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_24_image_10.jpg\">\u003C\u002Fp>\u003Ch3>Valinhos\u003C\u002Fh3>\u003Ch3>Em julho, a performance do shopping foi marcada positivamente pela recuperação da inadimplência dos meses anteriores. Adicionalmente, as receitas com aluguel mínimo e estacionamento mostraram avanço de 12,3% e 26,5%\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd colspan=\"2\">Mês\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003Ctd colspan=\"2\">Acumulado no ano\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Receitas\u003C\u002Ftd>\u003Ctd>859\u003C\u002Ftd>\u003Ctd>761\u003C\u002Ftd>\u003Ctd>12,8%\u003C\u002Ftd>\u003Ctd>5.483\u003C\u002Ftd>\u003Ctd>4.993\u003C\u002Ftd>\u003Ctd>9,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Mínimo\u003C\u002Ftd>\u003Ctd>325\u003C\u002Ftd>\u003Ctd>289\u003C\u002Ftd>\u003Ctd>12,3%\u003C\u002Ftd>\u003Ctd>2.392\u003C\u002Ftd>\u003Ctd>2.201\u003C\u002Ftd>\u003Ctd>8,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Complementar\u003C\u002Ftd>\u003Ctd>190\u003C\u002Ftd>\u003Ctd>214\u003C\u002Ftd>\u003Ctd>-11,1%\u003C\u002Ftd>\u003Ctd>1.358\u003C\u002Ftd>\u003Ctd>1.344\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mall & Mídia\u003C\u002Ftd>\u003Ctd>87\u003C\u002Ftd>\u003Ctd>92\u003C\u002Ftd>\u003Ctd>-5,0%\u003C\u002Ftd>\u003Ctd>648\u003C\u002Ftd>\u003Ctd>654\u003C\u002Ftd>\u003Ctd>-0,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Receitas\u003C\u002Ftd>\u003Ctd>(3)\u003C\u002Ftd>\u003Ctd>16\u003C\u002Ftd>\u003Ctd>-117,0%\u003C\u002Ftd>\u003Ctd>(52)\u003C\u002Ftd>\u003Ctd>(58)\u003C\u002Ftd>\u003Ctd>10,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimplência Líquida\u003C\u002Ftd>\u003Ctd>69\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>13161,2%\u003C\u002Ftd>\u003Ctd>(136)\u003C\u002Ftd>\u003Ctd>(55)\u003C\u002Ftd>\u003Ctd>-150,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita de Estacionamento\u003C\u002Ftd>\u003Ctd>191\u003C\u002Ftd>\u003Ctd>151\u003C\u002Ftd>\u003Ctd>26,5%\u003C\u002Ftd>\u003Ctd>1.273\u003C\u002Ftd>\u003Ctd>907\u003C\u002Ftd>\u003Ctd>40,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Despesas\u003C\u002Ftd>\u003Ctd>(169)\u003C\u002Ftd>\u003Ctd>(192)\u003C\u002Ftd>\u003Ctd>12,1%\u003C\u002Ftd>\u003Ctd>(1.261)\u003C\u002Ftd>\u003Ctd>(1.519)\u003C\u002Ftd>\u003Ctd>17,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Encargos com Lojas Vagas\u003C\u002Ftd>\u003Ctd>(110)\u003C\u002Ftd>\u003Ctd>(121)\u003C\u002Ftd>\u003Ctd>8,7%\u003C\u002Ftd>\u003Ctd>(788)\u003C\u002Ftd>\u003Ctd>(804)\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(59)\u003C\u002Ftd>\u003Ctd>(72)\u003C\u002Ftd>\u003Ctd>17,9%\u003C\u002Ftd>\u003Ctd>(472)\u003C\u002Ftd>\u003Ctd>(715)\u003C\u002Ftd>\u003Ctd>33,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI 100%\u003C\u002Ftd>\u003Ctd>690\u003C\u002Ftd>\u003Ctd>569\u003C\u002Ftd>\u003Ctd>21,3%\u003C\u002Ftd>\u003Ctd>4.222\u003C\u002Ftd>\u003Ctd>3.474\u003C\u002Ftd>\u003Ctd>21,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Valinhos\u003C\u002Fh3>\u003Cp>NOI Valinhos (R$ mil )\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_26_chart_5.jpg\">\u003C\u002Fp>\u003Cp>Fluxo de Veículos Valinhos (mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_26_chart_7.jpg\">\u003C\u002Fp>\u003Cp>Vacância Valinhos (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_26_chart_9.jpg\">\u003C\u002Fp>\u003Cp>Inadimplência Valinhos (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_26_chart_11.jpg\">\u003C\u002Fp>\u003Ch3>Disclaimer\u003C\u002Fh3>\u003Cp>MATERIAL DE DIVULGAÇÃO\u003C\u002Fp>\u003Cp>Este material foi elaborado pela Tivio Capital Distribuidora de Títulos e Valores Mobiliários S.A. e possui caráter meramente informativo. Não constitui oferta, recomendação ou aconselhamento de investimento.\u003C\u002Fp>\u003Cp>Antes de investir, leia a lâmina de informações básicas, se aplicável, o regulamento, o formulário de informações complementares, seus anexos e apêndices. Esses documentos e informações sobre tributação estão disponíveis em tivio.com\u002Ffundos\u002F e tivio.com\u002Fdocumentos\u002F.\u003C\u002Fp>\u003Cp>Os investimentos envolvem riscos. Consulte os documentos do fundo para conhecer sua estratégia, público-alvo, condições e principais fatores de risco.\u003C\u002Fp>\u003Cp>Rentabilidade obtida no passado não representa garantia de resultados futuros. A rentabilidade divulgada não é líquida de impostos. Os investimentos em fundos não são garantidos pelo administrador, pelo gestor, por qualquer mecanismo de seguro ou pelo Fundo Garantidor de Crédito – FGC.\u003C\u002Fp>\u003Cp>A Tivio Capital Distribuidora de Títulos e Valores Mobiliários S.A. integra o conglomerado prudencial liderado pelo Banco Bradesco S.A.\u003C\u002Fp>\u003Cp>SAC: 0800 704 8383\u003C\u002Fp>\u003Cp>Ouvidoria: 0800 727 9933\u003C\u002Fp>\u003Cp>Atendimento 24 horas\u003C\u002Fp>\u003Cp>Atendimento das 9h às 18h, de segunda a\u003C\u002Fp>\u003Cp>sexta-feira, exceto feriados nacionais\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_27_image_12.jpg\">\u003C\u002Fp>\u003Cp>Autorregulação ANBIMA\u003C\u002Fp>\u003Cp>Distribuição de Produtos de Investimento\u003C\u002Fp>\u003Cp>Gestão de Recursos\u003C\u002Fp>\u003Cp>RATING S&P:\u003C\u002Fp>\u003Cp>Signatory of:\u003C\u002Fp>\u003Cp>\u003Cstrong>brAMP1\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Responsible Investment\u003C\u002Fp>\u003Cp>Informações disponíveis em spglobal.com\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6701\u002Fpage_27_image_21.jpg\">\u003C\u002Fp>\u003Ch3>TIVIO CAPITAL\u003C\u002Fh3>\u003Cp>Avenida Brigadeiro Faria Lima, 4.300\u003C\u002Fp>\u003Cp>7º andar | Vila Olímpia\u003C\u002Fp>\u003Cp>CEP 04538-132 | São Paulo\u003C\u002Fp>\u003Cp>www.tivio.com\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FVSHO11\u002Fdocumentos\u002F6701\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1312303","2026-08-31","2026-09-08 18:23:00",1,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":83},"Relatório Gerencial VSHO11 de agosto de 2026 | Kartac","Relatório Gerencial de agosto de 2026 do VSHO11 (Votorantim Shopping), entrega em 08\u002F09\u002F2026. DY 12 meses de 14,79% e P\u002FVP 0,58 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6701","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,54,69],{"@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\u002FVSHO11\u002Fdocumentos\u002F6701#pagina",{"@id":32},"2026-10-31",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6701#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6701#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":49,"temporalCoverage":50,"author":51,"publisher":53,"isBasedOn":12},"Report","Relatório Gerencial VSHO11 de agosto de 2026",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11#fundo","2026-09-08","2026-08",{"@type":25,"name":52},"TIVIO CAPITAL DISTRIBUIDORA DE TÍTULOS E VALORES MOBILIÁRIOS",{"@type":25,"name":52},{"@type":55,"@id":48,"name":56,"alternateName":57,"url":60,"category":61,"identifier":62},"InvestmentFund","Votorantim Shopping",[58,59],"VSHO11","FUNDO DE INVESTIMENTO IMOBILIÁRIO VOTORANTIM SHOPPING","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11","Shoppings",[63,66],{"@type":64,"propertyID":65,"value":58},"PropertyValue","Ticker B3",{"@type":64,"propertyID":67,"value":68},"CNPJ","23.740.595\u002F0001-17",{"@type":70,"@id":43,"itemListElement":71},"BreadcrumbList",[72,75,79,81],{"@type":73,"position":15,"name":74,"item":28},"ListItem","Início",{"@type":73,"position":76,"name":77,"item":78},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":73,"position":80,"name":58,"item":60},3,{"@type":73,"position":82,"name":5,"item":19},4,{"atualizado_em":84,"frases":85},"2026-11-05",[86,87,88,89,90],"Relatório Gerencial do Votorantim Shopping (VSHO11), fundo imobiliário de shoppings, referente a agosto de 2026, com entrega no FundosNet (B3) em 08\u002F09\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do VSHO11 fechou a R$ 69,85, com P\u002FVP de 0,58 (valor patrimonial de R$ 121,37 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 1,50 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 14,79% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 254,7 milhões no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":92,"empresa":93,"gestor":97,"cotacoes":98,"patrimonio":214,"vpa":215,"p_vpa":216,"tipo_gestao":217,"mandato":97,"segmento":61,"categoria":218,"grupo":61,"preco_atual":212,"cotacao_atualizada_em":219,"ultima_variacao_cotacao_24h":220,"variacao_cotacao_7d":221,"variacao_cotacao_1m":222,"variacao_cotacao_3m":223,"variacao_cotacao_6m":224,"variacao_cotacao_12m":225,"vacancia_fisica":226,"liquidez_atual":227,"ultimo_dividendo":228,"ultimo_dividend_yield":229,"mes_pagamento_ultimo_dividendo":230,"dividend_yield_3m":231,"dividend_yield_6m":232,"dividend_yield_12m":233,"dividend_yield_medio_12m":234,"qtd_dividendos_pagos_ano_passado":235,"data_ultima_cotacao":210,"pregoes_com_negocio_21":236,"alertas":237,"updated_at":238,"liquidez_media_reais":239,"administrador":52,"taxa_administracao_paga":240,"balanco":241,"resultado_distribuido":249,"publico_alvo":254,"mercados_negociacao_cotas":255,"data_funcionamento":257,"data_final":97,"quantidade_cotas":258,"quantidade_cotistas":259,"detalhes_cotistas":260,"total_investido":262,"investimentos_fundo":263,"imoveis":264,"contratos":303,"custodiante":314,"auditor_independente":321,"formador_mercado":97,"distribuidor_cotas":97,"consultor_especializado":97,"administrador_locacoes":97,"relatorio_anual":327,"analise_administrador":330},572,{"nome":59,"nome_simplificado":94,"nome_comercial":56,"ticker":58,"nome_ticker":95,"nome_pregao":96,"cnpj":68}," VOTORANTIM SHOPPING","VSHO11 - FUNDO DE INVESTIMENTO IMOBILIÁRIO VOTORANTIM SHOPPING","FII VOT SHOP",null,[99,105,111,117,123,129,135,140,145,150,156,162,167,173,179,185,190,196,202,208],{"id":100,"data":101,"abertura":102,"ultimo":103,"volume":104},3288786,"2026-10-06",76.97,76.87,628,{"id":106,"data":107,"abertura":108,"ultimo":109,"volume":110},3289418,"2026-10-07",76.85,76.91,196,{"id":112,"data":113,"abertura":114,"ultimo":115,"volume":116},3290301,"2026-10-08",77.97,78.59,133,{"id":118,"data":119,"abertura":120,"ultimo":121,"volume":122},3291171,"2026-10-09",77.14,78.45,367,{"id":124,"data":125,"abertura":126,"ultimo":127,"volume":128},3357142,"2026-10-13",77.6,78.7,284,{"id":130,"data":131,"abertura":132,"ultimo":133,"volume":134},3375668,"2026-10-14",77.81,78.4,48,{"id":136,"data":137,"abertura":133,"ultimo":138,"volume":139},3376309,"2026-10-15",78,280,{"id":141,"data":142,"abertura":143,"ultimo":126,"volume":144},3377240,"2026-10-16",78.15,710,{"id":146,"data":147,"abertura":143,"ultimo":148,"volume":149},3445366,"2026-10-19",77.79,722,{"id":151,"data":152,"abertura":153,"ultimo":154,"volume":155},3446450,"2026-10-20",77.96,77.5,3107,{"id":157,"data":158,"abertura":159,"ultimo":160,"volume":161},3459936,"2026-10-21",76.23,77.26,80,{"id":163,"data":164,"abertura":165,"ultimo":109,"volume":166},3473544,"2026-10-22",78.03,1069,{"id":168,"data":169,"abertura":170,"ultimo":171,"volume":172},3488132,"2026-10-23",76.99,77.15,183,{"id":174,"data":175,"abertura":176,"ultimo":177,"volume":178},3566105,"2026-10-26",75,73.3,1865,{"id":180,"data":181,"abertura":182,"ultimo":183,"volume":184},3580239,"2026-10-27",73.35,73,4651,{"id":186,"data":187,"abertura":183,"ultimo":188,"volume":189},3594324,"2026-10-28",71.88,2666,{"id":191,"data":192,"abertura":193,"ultimo":194,"volume":195},3609087,"2026-10-29",72.03,71.5,678,{"id":197,"data":198,"abertura":199,"ultimo":200,"volume":201},3624879,"2026-10-30",71.09,72.18,1072,{"id":203,"data":204,"abertura":205,"ultimo":206,"volume":207},3682262,"2026-11-03",72.01,71.37,1056,{"id":209,"data":210,"abertura":211,"ultimo":212,"volume":213},3695513,"2026-11-04",71.36,69.85,599,254738813.65,121.37,"0.58","Ativa","Tijolo","2026-11-05 09:00","-0.0213","-0.0231","-0.0913","-0.0809","-0.0920","-0.0445","0.10402",46,"1.5000","0.0208","Nov\u002F2026","0.0530","0.0830","0.1479","0.0114",12,21,[],"05\u002F11\u002F2026 06:00",75450.48,0.0041,{"data_referencia":242,"ativo":243,"passivo":244,"obrigacoes_imoveis":245,"obrigacoes_securitizacao":246,"liquidez":247,"valores_receber":248},"2026-09-01",259091497.27,4352683.62,651460.45,0,21632926.57,24483804.03,{"data_referencia":250,"resultado":251,"rendimentos":252,"percentual":253},"2026-06-30",8656821.6,8772984,1.0134185969594198,"Investidores em Geral",[256],"Bolsa","2018-08-30",2098800,2738,{"Pessoa Física":261,"Outros fundos de investimento":82,"Pessoa jurídica não financeira":76,"Fundos de investimento imobiliário":76,"Banco Comercial":15,"Investidores não residentes":15,"Entidade aberta de previdência complementar":15},2727,212974766.67,{"Imóveis para renda":262},{"vacancia_total":265,"lista_imoveis":266,"data_referencia":250,"vacancia_suspeita":11},0.10402124761328181,[267,280,291],{"nome":268,"vacancia":269,"numero_unidades":270,"area":271,"endereco":272,"percentual_inadimplencia":273,"percentual_receitas":274,"inquilinos":275,"ocupacao":279},"Shopping Hortolândia",0.0174,91,31273,"Rua José Camilo de Camargo, 5 - Remanso Campineiro, Hortolândia - SP",0.0089,0.378944,[276],{"setor":277,"percentual_receita_imovel":246,"percentual_receita_fii":278},"Lojas",0.0037594,0.9826,{"nome":281,"vacancia":282,"numero_unidades":138,"area":283,"endereco":284,"percentual_inadimplencia":285,"percentual_receitas":286,"inquilinos":287,"ocupacao":290},"Shopping Bay Market",0.2357,25972,"Av. Visconde do Rio Branco, 360 - Centro, Niterói - RJ",0.0632,0.350173,[288],{"setor":277,"percentual_receita_imovel":246,"percentual_receita_fii":289},0.0035017,0.7643,{"nome":292,"vacancia":293,"numero_unidades":294,"area":295,"endereco":296,"percentual_inadimplencia":297,"percentual_receitas":298,"inquilinos":299,"ocupacao":302},"Shopping Valinhos",0.0792,89,28647,"Rua Paiquerê, 200 - Jardim Paiquere, Valinhos - SP",0.0275,0.261548,[300],{"setor":277,"percentual_receita_imovel":246,"percentual_receita_fii":301},0.0026154,0.9208,{"data_referencia":250,"prazos":304,"indexadores":305,"receita_aluguel_trimestre":308,"valor_imoveis":309,"cap_rate":310,"receita_sobre_mercado":311,"aluguel_m2_mes":312,"area_ocupada":313},[],[306],{"nome":307,"percentual":15},"IGP-M",8212985.27,244456500,0.134388,0.224091,35.57,76957,{"id":315,"nome":316,"cnpj":317,"endereco":318,"telefone":319,"created_at":320,"updated_at":320},38,"BANCO BRADESCO S.A.","60746948000112","Cidade de Deus, S\u002FNº - Prédio Amarelo - Osasco  - SP","55 11 23578810","2026-10-03T18:52:29.000000Z",{"id":80,"nome":322,"cnpj":323,"endereco":324,"telefone":325,"created_at":326,"updated_at":326},"PRICEWATERHOUSECOOPERS AUDITORES INDEPENDENTES LTDA.","61562112000120","Avenida Brigadeiro Faria Lima, 3732, Edifício B32, 16º andar - Itaim Bibi, São Paulo - SP, 04538-132","(11) 4004-8000","2026-06-07T17:17:20.000000Z",{"ano_referencia":328,"data_disponibilizacao":329},"2026","2026-09-22",{"ResultadoFundo":331,"ConjunturaEconomica":332,"PerspectivaPeriodoSeguinte":333},"O resultado do fundo no período foi de R$ 25 milhões.","Ao longo do ultimos 12 meses, o segmento de shopping centers apresentou estabilidade operacional, sustentado pela manutenção dos níveis de ocupação e pela resiliência da atividade comercial dos empreendimentos. O ambiente macroeconômico permaneceu influenciado pelo comportamento das taxas de juros, da inflação e do nível de atividade econômica, fatores que impactam a precificação dos ativos imobiliários e as condições gerais do mercado de capitais. Nesse contexto, os ativos integrantes da carteira mantiveram desempenho compatível com as características do segmento.","Para o próximo exercício, a expectativa é de continuidade da geração de renda dos ativos integrantes da carteira, mediante a gestão ativa dos empreendimentos e o acompanhamento permanente dos indicadores operacionais. A evolução dos resultados permanecerá condicionada ao desempenho operacional dos ativos, bem como às condições macroeconômicas e de mercado ao longo do período"]