Competitive Advantages
Consolidated regional leadership.
We are the leader in shopping centers market in the State of Santa Catarina, with 71% of the market share. The “Almeida Junior” brand is synonymous with flagship and quality shopping centers in the State and in the South of Brazil, and promotes fidelity among consumers.
Our leadership also allows us to provide consumers with the best shopping, services, recreation and entertainment options. For our shopkeepers, we provide shopping centers that are leaders, dominant, sellers and with architectural projects already developed to provide great efficiency in operating costs, generating lower condominium fees. Our units are expansion addresses for large national and international chains that seek more stabilized markets and with family income above those of big cities.
Modern shopping centers, located in strategic cities in the State of Santa Catarina
Our shopping centers are modern and good location, which results in a dominant position in their actuation areas. Together, the municipalities where the projects are located represent the highest GDP per capita in the South Region.
Strategy.
We focus our operations in the Southern Region of Brazil and specifically in Santa Catarina, a Brazilian state with the fourth highest average income in Brazil (BBC News 2023) and the second highest concentration of residences in classes A and B in the country (IBGE 2021), being the second state with more cities in the ranking for the best real estate investment in the country. Additionally, with a 71% market share in the state, Almeida Junior was the only company in the sector in Brazil that grew by focusing on market reserve.
Consistent and solid background in the shopping center industry.
With more than 43 years of experience, we have solid knowledge in the shopping center sector and real estate development management. Mr. Jaimes Almeida Junior, the controlling shareholder and current CEO, founded the company in 1980. Our management fits to the culture and DNA of our founding shareholder, which means there is commitment to the business, all with the “eye of owner”, historically bringing sustainable growth. With six shopping centers in the State of Santa Catarina, between 2012 and 2022, the company’s CAGR in sales was 11.9% per year and the CAGR in NOI/m² in the same period was 12.7% per year.
This performance is the result of a well-defined strategy, based on the pillars: i) focus on Santa Catarina, with dominant shopping centers that attract customers with high buying power; ii) differentiated architecture, designed with the well-being and retention of our customers in mind; iii) our projects are developed in order to create a unique identity for the group and to generate brand identification with the consumer; iv) mix of high-quality stores, with nationally and internationally renowned brands; and v) stores oriented at qualified public (A, B and C+), less susceptible to economic crises.
High operational and financial indicators.
Over the last 4 years, we have achieved constant and sustainable growth in financial and operational indicators, the result of high-quality operations that allow us to attract exclusive national and international brands, obtaining advantageous commercial conditions in negotiations with shopkeepers, as well as expanding the penetration of these brands in the shopping centers in our portfolio. Due to our dominance, we work intensely on crosselling, where all our ventures are benefit.
Socioeconomic impact.
Throughout our history, we have generated important transformations and socioeconomic impacts in the cities and regions in which we built shopping centers, which have become a reference, contributing to the urbanization, development and appreciation of the surrounding areas, providing communities with a substantial improvement in the quality of life, options consumption, recreation, services, security, ease of access, among others. We added the creation of thousands of jobs and state and municipal taxes, which are essential for development.
(1) NOI (Net Operating Income) is a non-accounting measurement that represents the net operating result, composed of gross operating revenue (discounting revenue from management fees), discounts, cancellations, operating costs and provisions for credit losses.