Company consolidates its leadership in Santa Catarina’s shopping center sector with increases in profit, sales, and foot traffic.
Almeida Junior, the largest shopping center company in Santa Catarina, released its 2024 results this week. The Group closed the year with R$4.1 billion in total sales across the company’s six shopping centers, an 11% growth compared to 2023.
In addition to the sales increase, net profit grew 34.6% and reached R$177.5 million. EBITDA totaled R$416.3 million (+8.6%) and adjusted NOI reached R$271.8 million (+12.1%). The fair value of the properties also registered an increase, reaching R$5.6 billion, up 4%.
The positive performance is reinforced by the 22.2% growth in foot traffic throughout the year, resulting from successful strategies to improve the tenant mix, focus on experiences – especially culinary – and initiatives that strengthen relationships with consumers.
The year also closed with excellent numbers for AJRealty, the Group’s real estate development arm, with a GDV of R$3.5 billion, which achieved 100% sales of The Spot One units, a residential building integrated with Balneário Shopping. This same concept of combining housing and shopping center in a single structure will be expanded to the company’s other shopping centers.
2025 with High Performance and New Developments
First quarter 2025 data has already been consolidated and shows that sales grew 29% over the same period in 2024. Other indicators also increased by double digits.
As a strategy to maintain positive indicators, the company is investing in attracting major international brands, many of them new to Santa Catarina. For this year, the company’s CEO, Jaimes Almeida Junior, announces the launch of AJ Mídia, the Group’s out-of-home advertising operation. Twenty-one-inch screens will be installed in over 500 buildings in the regions where the company operates its six shopping centers, becoming an extension of the media already established in the Group’s properties.
