[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:VSHO11:6733":3,"seo:\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6733":16,"fii-documento:VSHO11":92},{"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},6733,"(VSHO) Relatório Gerencial - 30\u002F01\u002F2026","Relatório Gerencial","Relatórios","(Ativo)","\u003Ch2>VSHO11\u003C\u002Fh2>\u003Cp>FI Imobiliário Votorantim Shopping\u003C\u002Fp>\u003Ch3>REDES TIVIO CAPITAL\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_1_image_1.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>ri@tivio.com\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_1_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Clique aqui\u003C\u002Fstrong> para falar com o nosso RI\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\u002F6733\u002Fpage_1_image_9.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\u002F6733\u002Fpage_3_image_3.jpg\">\u003C\u002Fp>\u003Ch3>Rentabilidade\u003C\u002Fh3>\u003Cp>Rendimento por Cota \u003Cstrong>R$ 0,68\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Dividend Yield Mensal \u003Cstrong>0,88%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Dividend Yield Anualizado \u003Cstrong>10,53%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Dividend Yield Médio (12 M) \u003Cstrong>11,30%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_3_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Valuation\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Cota Fechamento \u003Cstrong>R$77,50\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Cota Patrimonial \u003Cstrong>R$114,38\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Valor de Mercado \u003Cstrong>R$ 162,66 MM\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Valor Patrimonial \u003Cstrong>R$ 240,06 MM\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>P\u002FVP \u003Cstrong>0,68\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_3_image_16.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Liquidez\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Média Diária Volume Negociado \u003Cstrong>R$ 27.696\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Número de Negócios no Mês \u003Cstrong>716\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Número de Cotistas \u003Cstrong>2.933\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_3_image_21.jpg\">\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>9,2%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Acesse a Planilha de Fundamentos\u003C\u002Fp>\u003Ch3>Comentário do Gestor\u003C\u002Fh3>\u003Cp>80 8\u003C\u002Fp>\u003Cp>Distribuição Mês \u003Cstrong>0,68\u003C\u002Fstrong> \u002F Cota\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_4_image_5.jpg\">\u003C\u002Fp>\u003Cp>Dividend Yield \u003Cstrong>10,53%\u003C\u002Fstrong> Anualizado\u003C\u002Fp>\u003Ch3>RETORNO\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_4_chart_8.jpg\">\u003C\u002Fp>\u003Cp>Em janeiro, o resultado caixa do Fundo foi de R$ 0,71 por cota, e distribuímos de R$ 0,68 por cota.\u003C\u002Fp>\u003Cp>A rentabilidade do Fundo nos últimos 12 meses foi de 36,1% frente a uma rentabilidade de 27,8% do IFIX para o mesmo período.\u003C\u002Fp>\u003Cp>Em dezembro, o desempenho consolidado do portfólio apresentou crescimento real em relação ao mesmo mês de 2024 apesar de ter sido impactado pelo retorno da inadimplência de um locatário relevante no Shopping Bay Market. No acumulado de 2025, as principais contribuições vieram dos Shoppings Hortolândia e Valinhos, que seguiram apresentando desempenho consistente, com elevada taxa de ocupação e crescimento real do NOI no acumulado do ano, de 6,4% e 6,5%, respectivamente.\u003C\u002Fp>\u003Ch3>Resultado e Rentabilidade\u003C\u002Fh3>\u003Ch3>Resultado (DRE)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>nov\u002F25 (R$ mil)\u003C\u002Fth>\u003Cth>dez\u002F25 (R$ mil)\u003C\u002Fth>\u003Cth>jan\u002F26 (R$ mil)\u003C\u002Fth>\u003Cth>jan\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 .1 86\u003C\u002Ftd>\u003Ctd>1 . 851\u003C\u002Ftd>\u003Ctd>1 . 724\u003C\u002Ftd>\u003Ctd>0 8 2,\u003C\u002Ftd>\u003Ctd>1 . 724\u003C\u002Ftd>\u003Ctd>2 2 .1 55\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>N OI Líquido\u003C\u002Ftd>\u003Ctd>2 .1 6 0\u003C\u002Ftd>\u003Ctd>1 . 827\u003C\u002Ftd>\u003Ctd>1 . 701\u003C\u002Ftd>\u003Ctd>0 , 8 1\u003C\u002Ftd>\u003Ctd>1 . 701\u003C\u002Ftd>\u003Ctd>21 . 851\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Financeira Caixa\u003C\u002Ftd>\u003Ctd>2 6\u003C\u002Ftd>\u003Ctd>24\u003C\u002Ftd>\u003Ctd>23\u003C\u002Ftd>\u003Ctd>0 01,\u003C\u002Ftd>\u003Ctd>23\u003C\u002Ftd>\u003Ctd>304\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas\u003C\u002Ftd>\u003Ctd>(1 81)\u003C\u002Ftd>\u003Ctd>(2 6 0)\u003C\u002Ftd>\u003Ctd>(75)\u003C\u002Ftd>\u003Ctd>(0 , 0 4)\u003C\u002Ftd>\u003Ctd>(75)\u003C\u002Ftd>\u003Ctd>(4. 2 00)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Obras e Man ute nção\u003C\u002Ftd>\u003Ctd>(1 36)\u003C\u002Ftd>\u003Ctd>(21 3)\u003C\u002Ftd>\u003Ctd>(74)\u003C\u002Ftd>\u003Ctd>(0 , 0 0)\u003C\u002Ftd>\u003Ctd>(74)\u003C\u002Ftd>\u003Ctd>(3. 69 2)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Ad ministrativas\u003C\u002Ftd>\u003Ctd>(45)\u003C\u002Ftd>\u003Ctd>(47)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(0 , 0 0)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(508)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxas do Fu ndo\u003C\u002Ftd>\u003Ctd>(1 69)\u003C\u002Ftd>\u003Ctd>(1 40)\u003C\u002Ftd>\u003Ctd>(1 6 2)\u003C\u002Ftd>\u003Ctd>(0 , 0 8)\u003C\u002Ftd>\u003Ctd>(1 6 2)\u003C\u002Ftd>\u003Ctd>(1 . 81 9)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa Ad m nistração e Gestão\u003C\u002Ftd>\u003Ctd>(1 6 6)\u003C\u002Ftd>\u003Ctd>(1 37)\u003C\u002Ftd>\u003Ctd>(1 59)\u003C\u002Ftd>\u003Ctd>(0 , 0 8)\u003C\u002Ftd>\u003Ctd>(1 59)\u003C\u002Ftd>\u003Ctd>(1 . 735)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De mais Taxas\u003C\u002Ftd>\u003Ctd>(3)\u003C\u002Ftd>\u003Ctd>(3)\u003C\u002Ftd>\u003Ctd>(3)\u003C\u002Ftd>\u003Ctd>(0 , 0 0)\u003C\u002Ftd>\u003Ctd>(3)\u003C\u002Ftd>\u003Ctd>(84)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resu ltado Recorrente\u003C\u002Ftd>\u003Ctd>1.837\u003C\u002Ftd>\u003Ctd>1.451\u003C\u002Ftd>\u003Ctd>1.487\u003C\u002Ftd>\u003Ctd>0,71\u003C\u002Ftd>\u003Ctd>1.487\u003C\u002Ftd>\u003Ctd>-16.135\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>1.837\u003C\u002Ftd>\u003Ctd>1.451\u003C\u002Ftd>\u003Ctd>1.487\u003C\u002Ftd>\u003Ctd>0,71\u003C\u002Ftd>\u003Ctd>1.487\u003C\u002Ftd>\u003Ctd>16.135\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Resultado e Distribuição de Rendimentos\u003C\u002Fh3>\u003Cp>O resultado gerado pelo Fundo em janeiro foi de R$ 0,71\u002Fcota, enquanto a distribuição foi de R$ 0,68\u002Fcota. Hoje o fundo possui uma reserva de caixa de R$ 0,28\u002Fcota.\u003C\u002Fp>\u003Ch3>RESULTADO GERADO\u003C\u002Fh3>\u003Cp>Resultado Recorrente\u003C\u002Fp>\u003Cp>Resultado Total\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_7_chart_7.jpg\">\u003C\u002Fp>\u003Cp>RESULTADO GERADO versus RESULTADO DISTRIBUIDO\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_7_chart_9.jpg\">\u003C\u002Fp>\u003Cp>Saldo de resultado gerado não distribuído\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>0,75\u003C\u002Fth>\u003Cth>0,70\u003C\u002Fth>\u003Cth>0,57\u003C\u002Fth>\u003Cth>0,45\u003C\u002Fth>\u003Cth>0,23\u003C\u002Fth>\u003Cth>0,23\u003C\u002Fth>\u003Cth>0,24\u003C\u002Fth>\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>\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\u002F6733\u002Fpage_8_chart_2.jpg\">\u003C\u002Fp>\u003Cp>No mês de janeiro, o VSHO teve uma rentabilidade de 2,5% e, no acumulado dos últimos 12 meses, o fundo apresentou uma rentabilidade de 36,1%, acima do IFIX que teve uma rentabilidade de apenas 27,8% no período.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Índice\u003C\u002Fth>\u003Cth>Mês\u003C\u002Fth>\u003Cth>Ano\u003C\u002Fth>\u003Cth>1 2 Meses\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>VSHO\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>36, 1 %\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>I FIX\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003Ctd>27,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CD I Líquido¹\u003C\u002Ftd>\u003Ctd>1 ,0%\u003C\u002Ftd>\u003Ctd>1 ,0%\u003C\u002Ftd>\u003Ctd>1 2,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Fonte: Economática\u003C\u002Fp>\u003Cp>(1) O retorno do Fundo considera os rendimentos distribuídos no período e CDI líquido considera tributação de 15%\u003C\u002Fp>\u003Ch3>Rentabilidade e Liquidez\u003C\u002Fh3>\u003Cp>O Fundo encerrou o mês com uma relação P\u002FPV de 0,68. O volume médio de negociação diária no mês foi de R$ 28 mil por dia, abaixo da média dos últimos 12 meses.\u003C\u002Fp>\u003Cp>PREÇO A MERCADO E PATRIMONIAL (R$ \u002F cota)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_9_chart_5.jpg\">\u003C\u002Fp>\u003Cp>VOLUME DE NEGOCIAÇÃO DIÁRIO – ADTV (R$ mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_9_chart_7.jpg\">\u003C\u002Fp>\u003Ch3>Portfólio\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\u002F6733\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 janeiro em R$ 240,1 milhões e é composto por R$ 234,9 milhões de imóveis, R$ 2,7 milhões são caixa alocados em fundo de liquidez¹ e R$ 2,5 milhões são valores a receber.\u003C\u002Fp>\u003Cp>O patrimônio líquido médio dos últimos 12 meses é de R$ 234,15 milhões.\u003C\u002Fp>\u003Cp>\u003Cstrong>O Fundo não possui alavancagem ou obrigações futuras por compra de ativos.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Indicadores Operacionais\u003C\u002Fh3>\u003Ch3>Indicadores Operacionais\u003C\u002Fh3>\u003Cp>Em dezembro, o desempenho consolidado do portfólio apresentou crescimento real em relação ao mesmo mês de 2024 apesar de ter sido impactado pelo retorno da inadimplência de um locatário relevante no Shopping Bay Market. No acumulado de 2025, as principais contribuições vieram dos Shoppings Hortolândia e Valinhos, que seguiram apresentando desempenho consistente, com elevada taxa de ocupação e crescimento real do NOI no acumulado do ano, de 6,4% e 6,5%, respectivamente, beneficiados pela estabilidade da ocupação e pela melhoria da performance comercial dos ativos.\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>dez\u002F25\u003C\u002Ftd>\u003Ctd>dez\u002F24\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003Ctd>dez\u002F25\u003C\u002Ftd>\u003Ctd>dez\u002F24\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Re c eitas\u003C\u002Ftd>\u003Ctd>3 . 5 84\u003C\u002Ftd>\u003Ctd>3 . 3 26\u003C\u002Ftd>\u003Ctd>7 8%,\u003C\u002Ftd>\u003Ctd>3 3 .411\u003C\u002Ftd>\u003Ctd>3 2. 891\u003C\u002Ftd>\u003Ctd>1 6%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Al u g u e l Mínimo\u003C\u002Ftd>\u003Ctd>1 . 634\u003C\u002Ftd>\u003Ctd>1 . 471\u003C\u002Ftd>\u003Ctd>11,1%\u003C\u002Ftd>\u003Ctd>1 9. 25 9\u003C\u002Ftd>\u003Ctd>1 8. 961\u003C\u002Ftd>\u003Ctd>1, 6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Al u g u e l Co mp l e me ntar\u003C\u002Ftd>\u003Ctd>285\u003C\u002Ftd>\u003Ctd>3 24\u003C\u002Ftd>\u003Ctd>-1 2, 0%\u003C\u002Ftd>\u003Ctd>3 . 5 5 8\u003C\u002Ftd>\u003Ctd>3 .43 5\u003C\u002Ftd>\u003Ctd>3, 6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mal l & Mídia\u003C\u002Ftd>\u003Ctd>764\u003C\u002Ftd>\u003Ctd>697\u003C\u002Ftd>\u003Ctd>9 6%,\u003C\u002Ftd>\u003Ctd>5 . 51 9\u003C\u002Ftd>\u003Ctd>5 . 222\u003C\u002Ftd>\u003Ctd>5 7%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Re c eitas\u003C\u002Ftd>\u003Ctd>3 68\u003C\u002Ftd>\u003Ctd>257\u003C\u002Ftd>\u003Ctd>43 1%,\u003C\u002Ftd>\u003Ctd>61 6\u003C\u002Ftd>\u003Ctd>757\u003C\u002Ftd>\u003Ctd>-1 8 6%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimp l ê n cia Líq uida\u003C\u002Ftd>\u003Ctd>(147)\u003C\u002Ftd>\u003Ctd>(3 7)\u003C\u002Ftd>\u003Ctd>-297, 6%\u003C\u002Ftd>\u003Ctd>(777)\u003C\u002Ftd>\u003Ctd>(21 9)\u003C\u002Ftd>\u003Ctd>-254, 6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Re c eita d e Estacio name nto\u003C\u002Ftd>\u003Ctd>679\u003C\u002Ftd>\u003Ctd>61 3\u003C\u002Ftd>\u003Ctd>1 0 9%,\u003C\u002Ftd>\u003Ctd>5 . 23 6\u003C\u002Ftd>\u003Ctd>4. 73 5\u003C\u002Ftd>\u003Ctd>1 0 6%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Despesas\u003C\u002Ftd>\u003Ctd>(570)\u003C\u002Ftd>\u003Ctd>(665)\u003C\u002Ftd>\u003Ctd>14, 3%\u003C\u002Ftd>\u003Ctd>(9. 31 9)\u003C\u002Ftd>\u003Ctd>(9. 297)\u003C\u002Ftd>\u003Ctd>-0, 2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>En carg os c o m Lojas Vagas\u003C\u002Ftd>\u003Ctd>(1 94)\u003C\u002Ftd>\u003Ctd>(3 3 6)\u003C\u002Ftd>\u003Ctd>42, 3%\u003C\u002Ftd>\u003Ctd>(5 . 020)\u003C\u002Ftd>\u003Ctd>(4. 5 3 9)\u003C\u002Ftd>\u003Ctd>-1 0, 6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(3 76)\u003C\u002Ftd>\u003Ctd>(3 29)\u003C\u002Ftd>\u003Ctd>-14, 2%\u003C\u002Ftd>\u003Ctd>(4. 299)\u003C\u002Ftd>\u003Ctd>(4. 75 9)\u003C\u002Ftd>\u003Ctd>9, 7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI 100%\u003C\u002Ftd>\u003Ctd>3.014\u003C\u002Ftd>\u003Ctd>2.660\u003C\u002Ftd>\u003Ctd>13,3%\u003C\u002Ftd>\u003Ctd>24.092\u003C\u002Ftd>\u003Ctd>23.593\u003C\u002Ftd>\u003Ctd>2,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Indicadores operacionais\u003C\u002Fh3>\u003Cp>NOI Portfolio (R$ mil )\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_14_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Fluxo de Veículos Total Portfolio (mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_14_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Vacância Portfolio (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_14_image_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_14_image_9.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\u002F6733\u002Fpage_15_image_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_1.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_2.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_7.jpg\">\u003C\u002Fp>\u003Ch3>Shopping Bay Market\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_16_image_10.jpg\">\u003C\u002Fp>\u003Ch3>Bay Market\u003C\u002Fh3>\u003Cp>Em dezembro, o locatário que havia quitado integralmente os valores em aberto em novembro voltou a apresentar inadimplência, encerrando o mês com um aluguel em aberto e impactando o indicador de inadimplência do empreendimento. Em 2025, o desempenho do shopping refletiu os impactos do bloqueio de um dos principais acessos, em decorrência das obras de revitalização realizadas pela prefeitura no entorno do ativo. Adicionalmente, em 21 de setembro, ocorreu o encerramento das atividades do Cinema Kinoplex, o que elevou a taxa de vacância para 22%. A equipe de gestão segue empenhada na prospecção de novas oportunidades de ocupação e na comercialização da área desocupada.\u003C\u002Fp>\u003Cp>Mês VariaçãoAcumulado no anoVariação\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>dez\u002F25\u003C\u002Fth>\u003Cth>dez\u002F24\u003C\u002Fth>\u003Cth>Δ\u003C\u002Fth>\u003Cth>dez\u002F25\u003C\u002Fth>\u003Cth>dez\u002F24\u003C\u002Fth>\u003Cth>Δ\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Total Re c eitas\u003C\u002Ftd>\u003Ctd>1 . 073\u003C\u002Ftd>\u003Ctd>999\u003C\u002Ftd>\u003Ctd>7 3%,\u003C\u002Ftd>\u003Ctd>1 0. 75 3\u003C\u002Ftd>\u003Ctd>11 . 298\u003C\u002Ftd>\u003Ctd>-4 8%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Al u g u e l Mínimo\u003C\u002Ftd>\u003Ctd>602\u003C\u002Ftd>\u003Ctd>548\u003C\u002Ftd>\u003Ctd>1 0, 0%\u003C\u002Ftd>\u003Ctd>6. 987\u003C\u002Ftd>\u003Ctd>7.468\u003C\u002Ftd>\u003Ctd>-6,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Al u g u e l Co mp l e me ntar\u003C\u002Ftd>\u003Ctd>25\u003C\u002Ftd>\u003Ctd>62\u003C\u002Ftd>\u003Ctd>-5 9, 0%\u003C\u002Ftd>\u003Ctd>51 9\u003C\u002Ftd>\u003Ctd>675\u003C\u002Ftd>\u003Ctd>-23,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mal l & Mídia\u003C\u002Ftd>\u003Ctd>3 88\u003C\u002Ftd>\u003Ctd>3 3 3\u003C\u002Ftd>\u003Ctd>1 6 7%,\u003C\u002Ftd>\u003Ctd>2. 276\u003C\u002Ftd>\u003Ctd>2.1 91\u003C\u002Ftd>\u003Ctd>3 9%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Re c eitas\u003C\u002Ftd>\u003Ctd>1 05\u003C\u002Ftd>\u003Ctd>(1 3)\u003C\u002Ftd>\u003Ctd>906, 9%\u003C\u002Ftd>\u003Ctd>485\u003C\u002Ftd>\u003Ctd>284\u003C\u002Ftd>\u003Ctd>71, 0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimp l ê n cia Líq uida\u003C\u002Ftd>\u003Ctd>(149)\u003C\u002Ftd>\u003Ctd>(49)\u003C\u002Ftd>\u003Ctd>-204, 3%\u003C\u002Ftd>\u003Ctd>(477)\u003C\u002Ftd>\u003Ctd>(295)\u003C\u002Ftd>\u003Ctd>-61, 5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Re c eita d e Estacio name nto\u003C\u002Ftd>\u003Ctd>1 00\u003C\u002Ftd>\u003Ctd>11 9\u003C\u002Ftd>\u003Ctd>-1 5 9%,\u003C\u002Ftd>\u003Ctd>963\u003C\u002Ftd>\u003Ctd>976\u003C\u002Ftd>\u003Ctd>-1 3%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Despesas\u003C\u002Ftd>\u003Ctd>(21 6)\u003C\u002Ftd>\u003Ctd>(278)\u003C\u002Ftd>\u003Ctd>22, 5%\u003C\u002Ftd>\u003Ctd>(4. 089)\u003C\u002Ftd>\u003Ctd>(3 . 880)\u003C\u002Ftd>\u003Ctd>-5,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>En carg os c o m Lojas Vagas\u003C\u002Ftd>\u003Ctd>(29)\u003C\u002Ftd>\u003Ctd>(1 67)\u003C\u002Ftd>\u003Ctd>82, 5%\u003C\u002Ftd>\u003Ctd>(2.477)\u003C\u002Ftd>\u003Ctd>(1 . 75 5)\u003C\u002Ftd>\u003Ctd>-41,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(1 86)\u003C\u002Ftd>\u003Ctd>(111)\u003C\u002Ftd>\u003Ctd>-68, 0%\u003C\u002Ftd>\u003Ctd>(1 . 61 2)\u003C\u002Ftd>\u003Ctd>(2.1 25)\u003C\u002Ftd>\u003Ctd>24,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI 100%\u003C\u002Ftd>\u003Ctd>857\u003C\u002Ftd>\u003Ctd>721\u003C\u002Ftd>\u003Ctd>18,8%\u003C\u002Ftd>\u003Ctd>6.664\u003C\u002Ftd>\u003Ctd>7.419\u003C\u002Ftd>\u003Ctd>-10,2%\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\u002F6733\u002Fpage_18_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Vacância Bay Market (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_18_image_6.jpg\">\u003C\u002Fp>\u003Cp>Fluxo de Veículos Bay Market (mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_18_chart_8.jpg\">\u003C\u002Fp>\u003Cp>Inadimplência Bay Market(%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_18_image_10.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\u002F6733\u002Fpage_19_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_20_image_1.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_20_image_2.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_20_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_20_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_20_image_5.jpg\">\u003C\u002Fp>\u003Ch3>Horttolandia\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_20_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_20_image_8.jpg\">\u003C\u002Fp>\u003Ch3>Hortolândia\u003C\u002Fh3>\u003Ch3>Em dezembro, o Shopping Hortolândia manteve sua elevada taxa de ocupação, permanecendo em patamar estável. No acumulado do ano, o NOI do empreendimento apresentou crescimento real de 6,4% em relação a 2024.\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>dez\u002F25\u003C\u002Ftd>\u003Ctd>dez\u002F24\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003Ctd>dez\u002F25\u003C\u002Ftd>\u003Ctd>dez\u002F24\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Re c eitas\u003C\u002Ftd>\u003Ctd>1 . 5 04\u003C\u002Ftd>\u003Ctd>1 . 3 94\u003C\u002Ftd>\u003Ctd>8 0%,\u003C\u002Ftd>\u003Ctd>1 3 . 861\u003C\u002Ftd>\u003Ctd>1 3 . 227\u003C\u002Ftd>\u003Ctd>4 8%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Al u g u e l Mínimo\u003C\u002Ftd>\u003Ctd>729\u003C\u002Ftd>\u003Ctd>646\u003C\u002Ftd>\u003Ctd>1 2, 8%\u003C\u002Ftd>\u003Ctd>8. 604\u003C\u002Ftd>\u003Ctd>8. 054\u003C\u002Ftd>\u003Ctd>6, 8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Al u g u e l Co mp l e me ntar\u003C\u002Ftd>\u003Ctd>82\u003C\u002Ftd>\u003Ctd>79\u003C\u002Ftd>\u003Ctd>3, 8%\u003C\u002Ftd>\u003Ctd>908\u003C\u002Ftd>\u003Ctd>749\u003C\u002Ftd>\u003Ctd>21, 2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mal l & Mídia\u003C\u002Ftd>\u003Ctd>242\u003C\u002Ftd>\u003Ctd>226\u003C\u002Ftd>\u003Ctd>7 3%,\u003C\u002Ftd>\u003Ctd>2. 021\u003C\u002Ftd>\u003Ctd>1 . 869\u003C\u002Ftd>\u003Ctd>8 1%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Re c eitas\u003C\u002Ftd>\u003Ctd>1 5 9\u003C\u002Ftd>\u003Ctd>17 0\u003C\u002Ftd>\u003Ctd>-6 9%,\u003C\u002Ftd>\u003Ctd>80\u003C\u002Ftd>\u003Ctd>3 23\u003C\u002Ftd>\u003Ctd>-75 1%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimp l ê n cia Líq uida\u003C\u002Ftd>\u003Ctd>(3)\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>-114, 0%\u003C\u002Ftd>\u003Ctd>(241)\u003C\u002Ftd>\u003Ctd>(47)\u003C\u002Ftd>\u003Ctd>-409, 6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Re c eita d e Estacio name nto\u003C\u002Ftd>\u003Ctd>295\u003C\u002Ftd>\u003Ctd>251\u003C\u002Ftd>\u003Ctd>17 8%,\u003C\u002Ftd>\u003Ctd>2.490\u003C\u002Ftd>\u003Ctd>2. 279\u003C\u002Ftd>\u003Ctd>9 2%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Despesas\u003C\u002Ftd>\u003Ctd>(179)\u003C\u002Ftd>\u003Ctd>(208)\u003C\u002Ftd>\u003Ctd>1 3, 6%\u003C\u002Ftd>\u003Ctd>(2. 700)\u003C\u002Ftd>\u003Ctd>(2. 73 5)\u003C\u002Ftd>\u003Ctd>1, 3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>En carg os c o m Lojas Vagas\u003C\u002Ftd>\u003Ctd>(5 6)\u003C\u002Ftd>\u003Ctd>(96)\u003C\u002Ftd>\u003Ctd>42, 0%\u003C\u002Ftd>\u003Ctd>(1 .177)\u003C\u002Ftd>\u003Ctd>(1 . 271)\u003C\u002Ftd>\u003Ctd>7,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(1 24)\u003C\u002Ftd>\u003Ctd>(11 2)\u003C\u002Ftd>\u003Ctd>-1 0, 7%\u003C\u002Ftd>\u003Ctd>(1 . 5 23)\u003C\u002Ftd>\u003Ctd>(1 . 464)\u003C\u002Ftd>\u003Ctd>-4, 0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI 100%\u003C\u002Ftd>\u003Ctd>1.325\u003C\u002Ftd>\u003Ctd>1.186\u003C\u002Ftd>\u003Ctd>11,7%\u003C\u002Ftd>\u003Ctd>11.161\u003C\u002Ftd>\u003Ctd>10.492\u003C\u002Ftd>\u003Ctd>6,4%\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\u002F6733\u002Fpage_22_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Vacância Hortolândia (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_22_image_6.jpg\">\u003C\u002Fp>\u003Cp>Fluxo de Veículos Hortolândia (mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_22_chart_8.jpg\">\u003C\u002Fp>\u003Cp>Inadimplência Hortolândia (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_22_image_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\u002F6733\u002Fpage_23_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_1.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_2.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_7.jpg\">\u003C\u002Fp>\u003Ch3>SHOPPING VALINHOS\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_24_image_10.jpg\">\u003C\u002Fp>\u003Ch3>Shopping Valinhos Inauguração Loja C&A\u003C\u002Fh3>\u003Cp>A primeira loja da marca C&A da cidade de Valinhos foi inaugurada no dia 24 de junho, ocupando uma área de 2.325 m², reduzindo a vacância do shopping em 15% além de gerar um novo fluxo de pessoas no shopping. Com essa nova locação o fundo reduziu o patamar de vacância do portfolio de 10% para 5%.\u003C\u002Fp>\u003Cp>A inauguração passará a impactar o resultado operacional do shopping de agosto e o resultado do fundo de setembro.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_25_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_25_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_25_image_6.jpg\">\u003C\u002Fp>\u003Ch3>Valinhos\u003C\u002Fh3>\u003Cp>Desde março, a vacância do shopping foi impactada positivamente pela assinatura do contrato de locação da Loja C&A, cuja inauguração ocorreu em junho. A entrada na nova operação resultou em uma redução de 15% na taxa de vacância do shopping e vêm contribuindo com o crescimento do fluxo e dos indicadores de venda do shopping. Em 2025, o NOI apresentou crescimento de 6,5% em relação ao ano anterior, refletindo a melhoria na ocupação e na performance comercial do ativo.\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>dez\u002F25\u003C\u002Ftd>\u003Ctd>dez\u002F24\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003Ctd>dez\u002F25\u003C\u002Ftd>\u003Ctd>dez\u002F24\u003C\u002Ftd>\u003Ctd>Δ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Re c eitas\u003C\u002Ftd>\u003Ctd>1 . 007\u003C\u002Ftd>\u003Ctd>93 3\u003C\u002Ftd>\u003Ctd>7 9%,\u003C\u002Ftd>\u003Ctd>8. 797\u003C\u002Ftd>\u003Ctd>8. 3 66\u003C\u002Ftd>\u003Ctd>5 2%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Al u g u e l Mínimo\u003C\u002Ftd>\u003Ctd>3 03\u003C\u002Ftd>\u003Ctd>277\u003C\u002Ftd>\u003Ctd>9,1%\u003C\u002Ftd>\u003Ctd>3 . 668\u003C\u002Ftd>\u003Ctd>3 .43 8\u003C\u002Ftd>\u003Ctd>6, 7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Al u g u e l Co mp l e me ntar\u003C\u002Ftd>\u003Ctd>178\u003C\u002Ftd>\u003Ctd>1 84\u003C\u002Ftd>\u003Ctd>-3, 0%\u003C\u002Ftd>\u003Ctd>2.1 3 2\u003C\u002Ftd>\u003Ctd>2. 011\u003C\u002Ftd>\u003Ctd>6, 0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mal l & Mídia\u003C\u002Ftd>\u003Ctd>1 3 3\u003C\u002Ftd>\u003Ctd>1 3 8\u003C\u002Ftd>\u003Ctd>-4 0%,\u003C\u002Ftd>\u003Ctd>1 . 223\u003C\u002Ftd>\u003Ctd>1 .1 63\u003C\u002Ftd>\u003Ctd>5 2%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Re c eitas\u003C\u002Ftd>\u003Ctd>1 04\u003C\u002Ftd>\u003Ctd>1 00\u003C\u002Ftd>\u003Ctd>4 3%,\u003C\u002Ftd>\u003Ctd>5 0\u003C\u002Ftd>\u003Ctd>1 5 0\u003C\u002Ftd>\u003Ctd>-66 4%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimp l ê n cia Líq uida\u003C\u002Ftd>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>(1 0)\u003C\u002Ftd>\u003Ctd>1 5 0, 6%\u003C\u002Ftd>\u003Ctd>(5 9)\u003C\u002Ftd>\u003Ctd>1 23\u003C\u002Ftd>\u003Ctd>-148, 2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Re c eita d e Estacio name nto\u003C\u002Ftd>\u003Ctd>284\u003C\u002Ftd>\u003Ctd>243\u003C\u002Ftd>\u003Ctd>1 6 9%,\u003C\u002Ftd>\u003Ctd>1 . 783\u003C\u002Ftd>\u003Ctd>1 . 480\u003C\u002Ftd>\u003Ctd>20 4%,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Despesas\u003C\u002Ftd>\u003Ctd>(175)\u003C\u002Ftd>\u003Ctd>(179)\u003C\u002Ftd>\u003Ctd>2, 6%\u003C\u002Ftd>\u003Ctd>(2. 5 3 0)\u003C\u002Ftd>\u003Ctd>(2.482)\u003C\u002Ftd>\u003Ctd>-1, 9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>En carg os c o m Lojas Vagas\u003C\u002Ftd>\u003Ctd>(1 09)\u003C\u002Ftd>\u003Ctd>(73)\u003C\u002Ftd>\u003Ctd>-49, 3%\u003C\u002Ftd>\u003Ctd>(1 . 3 66)\u003C\u002Ftd>\u003Ctd>(1 . 51 3)\u003C\u002Ftd>\u003Ctd>9, 7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(65)\u003C\u002Ftd>\u003Ctd>(1 06)\u003C\u002Ftd>\u003Ctd>3 8,4%\u003C\u002Ftd>\u003Ctd>(1 .1 63)\u003C\u002Ftd>\u003Ctd>(969)\u003C\u002Ftd>\u003Ctd>-20, 0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>NOI 100%\u003C\u002Ftd>\u003Ctd>832\u003C\u002Ftd>\u003Ctd>753\u003C\u002Ftd>\u003Ctd>10,4%\u003C\u002Ftd>\u003Ctd>6.267\u003C\u002Ftd>\u003Ctd>5.883\u003C\u002Ftd>\u003Ctd>6,5%\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\u002F6733\u002Fpage_27_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Fluxo de Veículos Valinhos (mil)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_27_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Vacância Valinhos (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_27_image_8.jpg\">\u003C\u002Fp>\u003Cp>Inadimplência Valinhos (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6733\u002Fpage_27_chart_10.jpg\">\u003C\u002Fp>\u003Ch3>Disclaimer\u003C\u002Fh3>\u003Cp>Este material foi elaborado pela Tivio Capital Distribuidora de Títulos e Valores Mobiliários S.A. (“TIVIO CAPITAL”). Este material é destinado aos seus receptores, fornecido unicamente para fins comerciais, não constituindo compromisso, indicação ou recomendação para iniciar ou encerrar qualquer transação. Este conteúdo não deve ser reproduzido no todo ou em parte, redistribuído ou transmitido para qualquer outra pessoa sem o consentimento prévio da TIVIO CAPITAL. Este documento não é, e não deve ser interpretado como, uma oferta de venda ou solicitação de uma oferta de compra de qualquer título ou valor mobiliário. A TIVIO CAPITAL, seus acionistas e demais empresas coligadas se eximem de qualquer responsabilidade por quaisquer prejuízos, diretos ou indiretos, que venham a decorrer da utilização deste material, de seu conteúdo e da realização de operações com base neste materia\u003C\u002Fp>\u003Cp>Consulte o documento de tributação para Fundos de Investimento para mais informações sobre a tributação aplicável, inclusive a regra aplicável em eventual desenquadramento, este documento está disponível em https:\u002F\u002Ftivio.com\u002Fdocumentos\u002F. A descrição acima não pode ser considerada como objetivo do fundo. Todas as informações legais podem ser observadas no regulamento do fundo, disponíveis no site https:\u002F\u002Ftivio.com\u002Ffundos\u002F. Principais Fatores de Risco: (i) Crédito: risco de os emissores dos ativos financeiros e\u002Fou das contrapartes não cumprirem suas obrigações de pagamento e\u002Fou de liquidação das operações contratadas; (ii) Liquidez: risco de redução ou inexistência de demanda pelos ativos financeiros nos respectivos mercados em que são negociados; (iii) Mercado: Risco de oscilações decorrentes das flutuações de preços e cotações de mercado; (iv) Derivativos: pode não resultar nos efeitos desejados, devido a fatores como: descolamento entre o preço do derivativo e seu ativo objeto; alterações nas condições de negociação ou liquidação devido à interferência de órgãos reguladores ou dos mercados organizados onde são negociados; (v) Tratamento Tributário de Longo Prazo: O tratamento aplicável ao investidor depende da manutenção da carteira de ativos com prazo médio superior a 365 dias. Não há garantia de que o fundo terá o tratamento tributário de longo prazo.\u003C\u002Fp>\u003Cp>Leia a lâmina de informações essenciais, se houver, e o regulamento antes de investir. Estes documentos podem ser encontrados no site https:\u002F\u002Ftivio.com\u002Ffundos\u002F. Leia previamente as condições de cada produto antes de investir. Os investimentos apresentados podem não ser adequados aos seus objetivos, situação financeira ou necessidades individuais. A rentabilidade obtida no passado não representa garantia de resultados futuros. A rentabilidade divulgada não é líquida de impostos. Para avaliação da performance de fundo(s) de investimento(s), é recomendável uma análise de, no mínimo, 12 (doze) meses. Fundos de investimento não contam com garantia do administrador, do gestor, de qualquer mecanismo de seguro ou do Fundo Garantidor de Crédito (FGC). O preenchimento do formulário API – Análise de Perfil do Investidor ou Suitability é essencial para garantir a adequação do perfil do cliente ao produto de investimento escolhido. Os indicadores aqui apresentados devem ser utilizados como referência econômica e não parâmetro objetivo do fundo. Material de Divulgação.\u003C\u002Fp>\u003Cp>SAC: 08007048383\u003C\u002Fp>\u003Cp>Atendimento 24 horas Ouvidoria:\u003C\u002Fp>\u003Cp>0800 727 9933\u003C\u002Fp>\u003Cp>Atendimento das 9h às 18h, de segunda a sexta-feira, exceto feriados nacionais\u003C\u002Fp>\u003Cp>RATING S&P:\u003C\u002Fp>\u003Cp>Signatory of:\u003C\u002Fp>\u003Cp>AMP-1\u003C\u002Fp>\u003Cp>Autorregulação ANBIMA\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\u002F6733\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1106119","2026-01-30","2026-02-09 19:08:00",2,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":84},"Relatório Gerencial VSHO11 de janeiro de 2026 | Kartac","Relatório Gerencial de janeiro de 2026 do VSHO11 (Votorantim Shopping), entrega em 09\u002F02\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\u002F6733","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,55,70],{"@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\u002F6733#pagina",{"@id":32},"2026-11-02",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6733#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6733#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":49,"version":50,"dateModified":49,"temporalCoverage":51,"author":52,"publisher":54,"isBasedOn":12},"Report","Relatório Gerencial VSHO11 de janeiro de 2026",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11#fundo","2026-02-09","2","2026-01",{"@type":25,"name":53},"TIVIO CAPITAL DISTRIBUIDORA DE TÍTULOS E VALORES MOBILIÁRIOS",{"@type":25,"name":53},{"@type":56,"@id":48,"name":57,"alternateName":58,"url":61,"category":62,"identifier":63},"InvestmentFund","Votorantim Shopping",[59,60],"VSHO11","FUNDO DE INVESTIMENTO IMOBILIÁRIO VOTORANTIM SHOPPING","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11","Shoppings",[64,67],{"@type":65,"propertyID":66,"value":59},"PropertyValue","Ticker B3",{"@type":65,"propertyID":68,"value":69},"CNPJ","23.740.595\u002F0001-17",{"@type":71,"@id":43,"itemListElement":72},"BreadcrumbList",[73,77,80,82],{"@type":74,"position":75,"name":76,"item":28},"ListItem",1,"Início",{"@type":74,"position":15,"name":78,"item":79},"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":74,"position":81,"name":59,"item":61},3,{"@type":74,"position":83,"name":5,"item":19},4,{"atualizado_em":85,"frases":86},"2026-11-05",[87,88,89,90,91],"Relatório Gerencial do Votorantim Shopping (VSHO11), fundo imobiliário de shoppings, referente a janeiro de 2026, com entrega no FundosNet (B3) em 09\u002F02\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":93,"empresa":94,"gestor":98,"cotacoes":99,"patrimonio":215,"vpa":216,"p_vpa":217,"tipo_gestao":218,"mandato":98,"segmento":62,"categoria":219,"grupo":62,"preco_atual":213,"cotacao_atualizada_em":220,"ultima_variacao_cotacao_24h":221,"variacao_cotacao_7d":222,"variacao_cotacao_1m":223,"variacao_cotacao_3m":224,"variacao_cotacao_6m":225,"variacao_cotacao_12m":226,"vacancia_fisica":227,"liquidez_atual":228,"ultimo_dividendo":229,"ultimo_dividend_yield":230,"mes_pagamento_ultimo_dividendo":231,"dividend_yield_3m":232,"dividend_yield_6m":233,"dividend_yield_12m":234,"dividend_yield_medio_12m":235,"qtd_dividendos_pagos_ano_passado":236,"data_ultima_cotacao":211,"pregoes_com_negocio_21":237,"alertas":238,"updated_at":239,"liquidez_media_reais":240,"administrador":53,"taxa_administracao_paga":241,"balanco":242,"resultado_distribuido":250,"publico_alvo":255,"mercados_negociacao_cotas":256,"data_funcionamento":258,"data_final":98,"quantidade_cotas":259,"quantidade_cotistas":260,"detalhes_cotistas":261,"total_investido":263,"investimentos_fundo":264,"imoveis":265,"contratos":304,"custodiante":315,"auditor_independente":322,"formador_mercado":98,"distribuidor_cotas":98,"consultor_especializado":98,"administrador_locacoes":98,"relatorio_anual":328,"analise_administrador":331},572,{"nome":60,"nome_simplificado":95,"nome_comercial":57,"ticker":59,"nome_ticker":96,"nome_pregao":97,"cnpj":69}," VOTORANTIM SHOPPING","VSHO11 - FUNDO DE INVESTIMENTO IMOBILIÁRIO VOTORANTIM SHOPPING","FII VOT SHOP",null,[100,106,112,118,124,130,136,141,146,151,157,163,168,174,180,186,191,197,203,209],{"id":101,"data":102,"abertura":103,"ultimo":104,"volume":105},3288786,"2026-10-06",76.97,76.87,628,{"id":107,"data":108,"abertura":109,"ultimo":110,"volume":111},3289418,"2026-10-07",76.85,76.91,196,{"id":113,"data":114,"abertura":115,"ultimo":116,"volume":117},3290301,"2026-10-08",77.97,78.59,133,{"id":119,"data":120,"abertura":121,"ultimo":122,"volume":123},3291171,"2026-10-09",77.14,78.45,367,{"id":125,"data":126,"abertura":127,"ultimo":128,"volume":129},3357142,"2026-10-13",77.6,78.7,284,{"id":131,"data":132,"abertura":133,"ultimo":134,"volume":135},3375668,"2026-10-14",77.81,78.4,48,{"id":137,"data":138,"abertura":134,"ultimo":139,"volume":140},3376309,"2026-10-15",78,280,{"id":142,"data":143,"abertura":144,"ultimo":127,"volume":145},3377240,"2026-10-16",78.15,710,{"id":147,"data":148,"abertura":144,"ultimo":149,"volume":150},3445366,"2026-10-19",77.79,722,{"id":152,"data":153,"abertura":154,"ultimo":155,"volume":156},3446450,"2026-10-20",77.96,77.5,3107,{"id":158,"data":159,"abertura":160,"ultimo":161,"volume":162},3459936,"2026-10-21",76.23,77.26,80,{"id":164,"data":165,"abertura":166,"ultimo":110,"volume":167},3473544,"2026-10-22",78.03,1069,{"id":169,"data":170,"abertura":171,"ultimo":172,"volume":173},3488132,"2026-10-23",76.99,77.15,183,{"id":175,"data":176,"abertura":177,"ultimo":178,"volume":179},3566105,"2026-10-26",75,73.3,1865,{"id":181,"data":182,"abertura":183,"ultimo":184,"volume":185},3580239,"2026-10-27",73.35,73,4651,{"id":187,"data":188,"abertura":184,"ultimo":189,"volume":190},3594324,"2026-10-28",71.88,2666,{"id":192,"data":193,"abertura":194,"ultimo":195,"volume":196},3609087,"2026-10-29",72.03,71.5,678,{"id":198,"data":199,"abertura":200,"ultimo":201,"volume":202},3624879,"2026-10-30",71.09,72.18,1072,{"id":204,"data":205,"abertura":206,"ultimo":207,"volume":208},3682262,"2026-11-03",72.01,71.37,1056,{"id":210,"data":211,"abertura":212,"ultimo":213,"volume":214},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 08:11",75450.48,0.0041,{"data_referencia":243,"ativo":244,"passivo":245,"obrigacoes_imoveis":246,"obrigacoes_securitizacao":247,"liquidez":248,"valores_receber":249},"2026-09-01",259091497.27,4352683.62,651460.45,0,21632926.57,24483804.03,{"data_referencia":251,"resultado":252,"rendimentos":253,"percentual":254},"2026-06-30",8656821.6,8772984,1.0134185969594198,"Investidores em Geral",[257],"Bolsa","2018-08-30",2098800,2738,{"Pessoa Física":262,"Outros fundos de investimento":83,"Pessoa jurídica não financeira":15,"Fundos de investimento imobiliário":15,"Banco Comercial":75,"Investidores não residentes":75,"Entidade aberta de previdência complementar":75},2727,212974766.67,{"Imóveis para renda":263},{"vacancia_total":266,"lista_imoveis":267,"data_referencia":251,"vacancia_suspeita":11},0.10402124761328181,[268,281,292],{"nome":269,"vacancia":270,"numero_unidades":271,"area":272,"endereco":273,"percentual_inadimplencia":274,"percentual_receitas":275,"inquilinos":276,"ocupacao":280},"Shopping Hortolândia",0.0174,91,31273,"Rua José Camilo de Camargo, 5 - Remanso Campineiro, Hortolândia - SP",0.0089,0.378944,[277],{"setor":278,"percentual_receita_imovel":247,"percentual_receita_fii":279},"Lojas",0.0037594,0.9826,{"nome":282,"vacancia":283,"numero_unidades":139,"area":284,"endereco":285,"percentual_inadimplencia":286,"percentual_receitas":287,"inquilinos":288,"ocupacao":291},"Shopping Bay Market",0.2357,25972,"Av. Visconde do Rio Branco, 360 - Centro, Niterói - RJ",0.0632,0.350173,[289],{"setor":278,"percentual_receita_imovel":247,"percentual_receita_fii":290},0.0035017,0.7643,{"nome":293,"vacancia":294,"numero_unidades":295,"area":296,"endereco":297,"percentual_inadimplencia":298,"percentual_receitas":299,"inquilinos":300,"ocupacao":303},"Shopping Valinhos",0.0792,89,28647,"Rua Paiquerê, 200 - Jardim Paiquere, Valinhos - SP",0.0275,0.261548,[301],{"setor":278,"percentual_receita_imovel":247,"percentual_receita_fii":302},0.0026154,0.9208,{"data_referencia":251,"prazos":305,"indexadores":306,"receita_aluguel_trimestre":309,"valor_imoveis":310,"cap_rate":311,"receita_sobre_mercado":312,"aluguel_m2_mes":313,"area_ocupada":314},[],[307],{"nome":308,"percentual":75},"IGP-M",8212985.27,244456500,0.134388,0.224091,35.57,76957,{"id":316,"nome":317,"cnpj":318,"endereco":319,"telefone":320,"created_at":321,"updated_at":321},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":81,"nome":323,"cnpj":324,"endereco":325,"telefone":326,"created_at":327,"updated_at":327},"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":329,"data_disponibilizacao":330},"2026","2026-09-22",{"ResultadoFundo":332,"ConjunturaEconomica":333,"PerspectivaPeriodoSeguinte":334},"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"]