2017.3T Iguatemi Planilha de Fundamentos

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Indicadores - Trimestral
	Principais Indicadores	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Indicadores Financeiros (1)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Receita Bruta (R$ mil)	62,667	74,741	75,554	81,474	76,912	90,095	95,632	106,862	102,506	108,702	119,612	131,813	115,464	122,038	125,957	156,248	145,102	159,223	165,590	187,149	165,606	175,716	177,761	196,600	180,418	188,954	186,755	213,043	192,548	196,793	197,835
	Receita Líquida (R$ mil)	56,317	66,700	67,609	72,953	68,887	80,647	84,757	95,231	90,664	97,074	104,306	118,477	102,498	108,116	113,054	140,082	131,208	143,838	147,945	166,583	148,822	156,610	159,622	172,141	160,487	162,811	161,097	183,752	167,349	169,413	169,690
	EBITDA (R$ mil)	35,138	49,673	55,310	44,757	41,299	57,731	65,067	70,888	60,929	82,375	165,126	97,332	82,025	71,265	77,678	116,821	98,526	100,175	112,450	143,183	102,673	122,366	134,730	144,034	129,024	121,587	127,925	142,760	125,764	130,472	133,842
	Margem EBITDA	62.4%	74.5%	81.8%	61.4%	60.0%	71.6%	76.8%	74.4%	67.2%	84.9%	158.3%	82.2%	80.0%	65.9%	68.7%	83.4%	75.1%	69.6%	76.0%	86.0%	69.0%	78.1%	84.4%	83.7%	80.4%	74.7%	79.4%	77.7%	75.2%	77.0%	78.9%
	Lucro Líquido	27,205	37,711	42,880	43,751	31,488	42,979	30,717	46,772	32,214	54,048	128,950	53,096	47,338	35,544	44,963	56,440	48,135	50,134	67,082	65,359	45,128	47,900	58,442	42,186	38,712	35,088	40,623	49,772	50,619	50,975	53,061
	Margem Líquida	48.3%	56.5%	63.4%	60.0%	45.7%	53.3%	36.2%	49.1%	35.5%	55.7%	123.6%	44.8%	46.2%	32.9%	39.8%	40.3%	36.7%	34.9%	45.3%	39.2%	30.3%	30.6%	36.6%	24.5%	24.1%	21.6%	25.2%	27.1%	30.2%	30.1%	31.3%
	FFO (R$ mil)	31,619	43,248	48,089	49,026	36,544	48,989	37,240	54,914	40,571	63,557	140,158	64,690	59,230	47,601	58,223	73,319	66,709	71,958	90,262	89,215	69,463	73,084	84,360	69,493	66,559	62,311	67,374	76,272	77,098	77,356	79,804
	Margem FFO	56.1%	64.8%	71.1%	67.2%	53.0%	60.7%	43.9%	57.6%	44.7%	65.5%	134.4%	54.6%	57.8%	44.0%	51.5%	52.3%	50.8%	50.0%	61.0%	53.6%	46.7%	46.7%	52.9%	40.4%	41.5%	38.3%	41.8%	41.5%	46.1%	45.7%	47.0%
	Indicadores de Performance	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	ABL Total (m²)	398,135	431,695	433,175	432,545	431,315	469,218	468,841	473,804	473,804	509,097	490,874	490,874	490,874	491,649	555,836	 613.010	613,577	660,500	660,500	660,500	660,500	679,671	714,959	714,959	714,959	746,027	746,027	746,027	746,027	746,027	746,027
	ABL Própria (m²)	215,096	237,004	237,678	237,429	238,291	265,644	267,911	277,647	277,647	295,294	280,942	282,040	282,040	283,378	340,393	379,805	380,221	425,163	425,163	425,282	425,282	438,702	440,423	443,273	443,419	454,604	454,604	454,604	454,604	454,604	454,620
	ABL Própria Média (m²)	-	* 207,924	* 208,598	* 237,429	-	* 225,694	* 266,778	* 272,779	* 277,647	* 285,203	* 288,118	* 281,491	* 282,040	* 282,721	* 302,383	* 353,530	* 380,221	* 423,526	* 425,163	* 425,282	* 425,282	* 434,229	* 435,376	* 437,276	* 437,373	* 452,037	* 454,603	* 454,603	* 454,604	* 454,604	* 454,615
	ABL Total Shopping (m²)	* 369,055	* 402,615	* 404,095	* 403,465	* 402,235	* 435,263	* 435,292	* 440,255	* 440,255	* 465,548	* 456,919	* 456,919	* 456,919	* 458,100	* 522,287	* 579,461	* 580,028	* 626,951	* 626,951	* 626,951	* 626,951	* 646,122	* 681,410	* 681,410	* 681,410	* 701,786	* 701,786	* 701,786	* 701,786	* 701,786	* 701,786
	ABL Própria Shopping (m²)	* 186,016	* 207,924	* 208,598	* 208,349	* 209,211	* 234,097	* 236,569	* 245,993	* 245,993	* 258,639	* 249,395	* 249,395	* 250,379	* 251,717	* 308,732	* 348,144	* 345,862	* 393,501	* 393,501	* 393,501	* 393,610	* 407,030	* 408,745	* 411,595	* 411,728	* 419,065	* 419,065	* 419,065	* 419,065	* 419,065	* 419,079
	Total Shoppings (1)	* 11	* 12	* 12	* 12	* 12	* 13	* 13	* 13	* 13	* 14	* 13	* 13	* 13	* 13	* 15	* 16	* 16	* 16	* 16	* 16	* 16	* 16	* 17	* 17	* 17	* 17	* 17	* 17	* 17	* 17	* 17
	Vendas Totais (R$ mil)	* 1,273,080	* 1,495,135	* 1,500,665	* 1,990,692	* 1,507,656	* 1,787,864	* 1,746,690	* 2,321,075	* 1,775,184	* 1,897,797	* 1,980,254	* 2,553,032	* 1,965,689	* 2,149,038	* 2,168,132	* 2,932,228	* 2,254,453	* 2,520,032	* 2,468,993	* 3,299,857	* 2,486,165	* 2,724,639	* 2,846,453	* 3,793,593	* 2,835,874	* 3,085,263	* 2,901,263	* 3,896,858	* 2,910,196	* 3,248,348	* 3,097,345
	Vendas mesmas lojas (SSS) 	11.3%	8.5%	9.6%	6.9%	5.4%	10.4%	7.5%	8.4%	8.1%	7.3%	8.9%	8.0%	8.0%	6.8%	8.1%	8.1%	7.4%	8.2%	6.9%	8.1%	7.2%	6.0%	4.6%	4.2%	1.8%	3.0%	1.0%	0.0%	1.7%	4.1%	5.9%
	Vendas mesma área (SAS)	11.4%	10.4%	11.4%	9.5%	8.1%	13.6%	11.4%	10.2%	10.9%	7.5%	9.1%	8.1%	8.4%	7.3%	8.2%	9.9%	7.6%	8.3%	7.1%	8.2%	7.3%	6.2%	4.7%	5.2%	4.0%	3.2%	2.4%	0.2%	1.6%	5.1%	6.8%
	Aluguéis mesmas lojas (SSR)	6.3%	6.3%	7.9%	7.9%	7.2%	11.6%	10.0%	9.0%	10.1%	8.1%	8.1%	8.8%	14.1%	8.8%	8.4%	10.9%	9.2%	9.1%	8.6%	8.7%	8.1%	6.8%	5.5%	6.9%	6.5%	6.4%	7.4%	6.5%	7.3%	6.3%	5.8%
	Aluguéis mesma área (SAR)	6.4%	6.4%	7.3%	9.1%	7.0%	12.9%	11.3%	9.6%	11.4%	8.1%	9.0%	9.4%	14.5%	9.3%	8.5%	11.4%	10.8%	9.3%	8.8%	8.9%	8.1%	6.8%	5.4%	7.1%	7.4%	6.1%	6.4%	6.2%	6.9%	6.6%	6.1%
	Custo de Ocupação (% das vendas)	12.0%	11.3%	11.3%	10.7%	12.2%	11.2%	10.6%	10.1%	11.6%	10.6%	10.7%	10.6%	11.6%	10.7%	10.8%	10.8%	12.4%	11.6%	11.9%	11.0%	12.8%	11.6%	12.1%	11.0%	12.7%	11.7%	12.5%	11.5%	12.7%	11.5%	12.0%
	Taxa de Ocupação	97.2%	97.2%	97.9%	97.1%	96.7%	96.6%	96.8%	96.9%	96.6%	96.1%	96.1%	96.1%	95.4%	95.8%	96.7%	95.5%	95.0%	95.2%	95.1%	95.3%	96.0%	95.0%	94.1%	94.0%	94.0%	93.8%	93.3%	93.4%	93.0%	93.1%	93.3%
	Inadimplência líquida	3.7%	3.7%	4.1%	1.9%	3.1%	3.3%	2.2%	2.6%	2.5%	1.2%	1.2%	0.9%	1.6%	1.0%	1.4%	1.4%	2.0%	1.7%	1.0%	1.8%	2.6%	1.7%	2.4%	1.1%	3.7%	3.0%	1.1%	0.2%	3.7%	1.2%	1.5%
	(1) Considera Esplanada Shopping e o Iguatemi Esplanada como um único ativo.
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Indicadores - Anual
	Principais Indicadores	2010	2011	2012	2013	2014	2015	2016
	Indicadores Financeiros (1)	2010	2011	2012 (2)	2013	2014	2015	2016
	Receita Bruta (R$ mil)	* 294,436	* 369,502	* 462,633	* 519,707	* 657,064	* 715,683	* 769,170
	Receita Líquida (R$ mil)	* 263,579	* 329,522	* 410,521	* 463,750	* 589,604	* 637,195	* 668,147
	EBITDA (R$ mil)	* 184,880	* 235,024	* 405,761	* 347,789	* 454,333	* 503,805	* 521,296
	Margem EBITDA	70.1%	71.3%	72.5%	75.0%	77.1%	79.1%	78.0%
	Lucro Líquido	* 151,547	* 151,995	* 268,308	* 184,285	* 230,709	* 193,657	* 164,195
	Margem Líquida	57.5%	46.1%	65.4%	39.7%	39.1%	30.4%	24.6%
	FFO (R$ mil)	* 171,984	* 177,726	* 308,975	* 238,373	* 318,144	* 296,402	* 272,516
	Margem FFO	65.2%	53.9%	75.3%	51.4%	54.0%	46.5%	40.8%
	Indicadores de Performance	2010	2011	2012	2013	2014	2015	2016
	ABL Total (m²)	* 432,545	473,804	490,874	 613.010	660,500	714,959	746,027
	ABL Própria (m²)	* 237,429	277,647	282,040	379,805	425,282	443,273	454,604
	ABL Própria Média (m²)	* 224,503	* 257,538	* 281,491	* 321,404	* 413,518	* 431,279	* 451,166
	ABL Total Shopping (m²)	* 403,465	* 440,255	* 456,919	* 579,461	* 626,951	* 681,410	* 701,786
	ABL Própria Shopping (m²)	* 208,249	* 245,993	* 249,395	* 348,144	* 393,501	* 411,595	* 419,065
	Total Shoppings (1)	* 12	* 13	* 13	* 15	* 16	* 17	* 17
	Vendas Totais (R$ mil)	* 6,259,572	* 7,363,285	* 8,115,637	* 9,128,208	* 10,544,580	* 11,850,850	* 12,719,258
	Vendas mesmas lojas (SSS) 	8.7%	7.1%	7.9%	7.8%	7.8%	5.5%	1.1%
	Vendas mesma área (SAS)	10.2%	9.5%	8.1%	7.8%	8.0%	5.8%	2.0%
	Aluguéis mesmas lojas (SSR)	6.7%	8.3%	9.7%	10.5%	9.1%	6.8%	6.4%
	Aluguéis mesma área (SAR)	7.3%	8.8%	9.8%	10.8%	9.3%	6.8%	6.9%
	Custo de Ocupação (% das vendas)	11.3%	10.5%	10.7%	11.3%	11.6%	11.6%	12.0%
	Taxa de Ocupação	97.1%	97.0%	96.1%	96.3%	95.2%	94.6%	93.5%
	Inadimplência líquida	1.9%	2.2%	1.6%	1.4%	1.7%	2.0%	2.8%
	(1) Considera Esplanada Shopping e o Iguatemi Esplanada como um único ativo.
	(2) Ebitda e margem Ebitda ajustados para a Venda do Shopping Boulevard
Rio Iguatemi seriam de R$ 297.556 mil e 72,5%, respectivamente.
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Portfólio
	Portfolio Iguatemi	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	ABL Total (m2)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Iguatemi São Paulo	* 39,879	* 39,879	* 40,230	* 40,213	* 40,303	* 42,725	* 42,522	* 42,104	* 42,104	* 42,104	* 42,104	* 42,104	* 42,104	* 46,608	* 46,608	* 46,608	* 46,134	* 46,134	* 46,134	* 46,134	* 46,134	* 46,134	* 47,322	* 47,322	* 47,322	* 47,322	* 47,322	* 47,322	* 47,322	* 47,322	* 47,322
	JK Iguatemi	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 35,293	* 35,293	* 35,293	* 35,293	* 35,293	* 35,293	* 35,293	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957	* 34,957
	Pátio Higienópolis	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 34,100	* 34,100	* 34,100	* 34,100	* 34,100	* 34,100	* 34,100	* 34,100	* 34,100
	Market Place	* 26,126	* 26,252	* 26,236	* 26,023	* 26,017	* 26,017	* 26,848	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940
	Iguatemi Alphaville	-	-	-	-	* 30,178	* 30,178	* 30,551	* 30,822	* 30,822	* 30,822	* 30,822	* 30,822	* 30,822	* 30,822	* 30,822	* 30,822	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312	* 31,312
	Iguatemi Campinas	* 54,887	* 55,057	* 55,057	* 55,105	* 55,105	* 55,386	* 54,031	* 54,075	* 54,075	* 54,075	* 54,075	* 54,075	* 54,075	* 54,075	* 54,075	* 54,075	* 54,321	* 54,321	* 54,321	* 54,321	* 54,321	* 73,492	* 73,492	* 73,492	* 73,492	* 73,492	* 73,492	* 73,492	* 73,492	* 73,492	* 73,492
	Galleria	* 24,014	* 24,014	* 24,074	* 24,056	* 23,983	* 23,941	* 24,251	* 25,736	* 25,736	* 25,736	* 33,236	* 33,236	* 33,236	* 33,236	* 33,236	* 33,236	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146
	Iguatemi Esplanada (1)	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 27,663	* 24,340	* 24,340	* 63,890	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360	* 64,360
	Iguatemi São Carlos	* 19,046	* 19,046	* 19,046	* 19,022	* 19,020	* 19,020	* 19,020	* 19,035	* 19,035	* 19,035	* 19,035	* 19,035	* 19,035	* 19,035	* 19,035	* 19,035	* 19,049	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323	* 22,323
	Iguatemi Ribeirão Preto	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 44,100	* 44,100	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648	* 43,648
	Iguatemi Rio Preto	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649	* 43,649
	Área proprietária (2)	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678
	Iguatemi Porto Alegre	* 39,331	* 39,334	* 39,320	* 39,310	* 39,310	* 39,307	* 39,307	* 39,306	* 39,306	* 39,306	* 39,306	* 39,306	* 39,306	* 39,306	* 39,306	* 39,306	* 38,926	* 38,926	* 38,926	* 38,926	* 38,926	* 38,926	* 38,926	* 38,926	* 38,926	* 59,302	* 59,302	* 59,302	* 59,302	* 59,302	* 59,302
	Praia de Belas	* 28,066	* 28,011	* 29,109	* 28,694	* 28,695	* 28,866	* 28,873	* 30,081	* 30,081	* 30,081	* 30,081	* 30,081	* 30,081	* 30,081	* 30,081	* 47,705	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205	* 47,205
	Iguatemi Florianópolis	* 20,230	* 20,178	* 20,178	* 20,197	* 20,180	* 20,180	* 20,246	* 20,487	* 20,487	* 20,487	* 20,487	* 20,487	* 20,487	* 20,487	* 20,487	* 20,487	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189	* 21,189
	Iguatemi Caxias	* 30,982	* 30,324	* 30,324	* 30,324	* 29,101	* 29,101	* 29,101	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324	* 30,324
	Iguatemi Brasília	* 33,800	* 33,800	* 33,800	* 33,800	* 33,800	* 33,800	* 33,800	* 31,822	* 31,822	* 31,822	* 31,822	* 31,822	* 31,822	* 31,822	* 31,822	* 31,822	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302	* 32,302
	I Fashion Outlet Novo Hamburgo	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 20,087	* 20,087	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115	* 20,115
	Power Center Iguatemi Campinas (3)	* 29,176	* 29,176	* 29,176	* 29,176	* 29,176	* 29,176	* 29,176	* 32,066	* 32,066	* 32,066	* 32,066	* 32,066	* 32,066	* 32,066	* 32,066	* 32,066	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422	* 32,422
	Boulevard Iguatemi Rio	* 25,976	* 26,203	* 26,203	* 26,203	* 26,203	* 26,225	* 26,225	* 26,129	* 26,129	* 26,129	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Subtotal Shoppings (5)	* 376,878	* 376,412	* 377,891	* 377,261	* 406,209	* 409,038	* 409,067	* 414,126	* 414,126	* 449,419	* 456,919	* 456,919	* 456,919	* 458,100	* 522,287	* 579,461	* 580,028	* 626,951	* 626,951	* 626,951	* 626,951	* 646,122	* 681,410	* 681,410	* 681,410	* 701,786	* 701,786	* 701,786	* 701,786	* 701,786	* 701,786
	Market Place Torre I	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685
	Market Place Torre II	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395
	Torre Iguatemi São Paulo	0.0	0.0	0.0	0.0	0.0	* 4,875	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469	* 4,469
	Torre Iguatemi Porto Alegre	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 10,692	* 10,692	* 10,692	* 10,692	* 10,692	* 10,692
	Subtotal Torres	* 29,080	* 29,080	* 29,080	* 29,080	* 29,080	* 33,955	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 33,549	* 44,241	* 44,241	* 44,241	* 44,241	* 44,241	* 44,241
	Total	* 405,958	* 405,492	* 406,971	* 406,341	* 435,289	* 442,993	* 442,616	* 447,675	* 447,675	* 482,968	* 490,468	* 490,468	* 490,468	* 491,649	* 555,836	* 613,010	* 613,577	* 660,500	* 660,500	* 660,500	* 660,500	* 679,671	* 714,959	* 714,959	* 714,959	* 746,027	* 746,027	* 746,027	* 746,027	* 746,027	* 746,027
	Participação Iguatemi	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15
3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Iguatemi São Paulo	50,5%	50.50%	50.50%	50,5%	50.60%	50.60%	50.60%	57.60%	57.60%	57.60%	57.60%	57.75%	57.75%	57.75%	57.75%	57.75%	57.77%	57.77%	57.77%	58.01%	58.01%	58.01%	58.13%	58.13%	58.41%	58.41%	58.41%	58.41%	58.41%	58.41%	58.44%
	JK Iguatemi	-	-	-	-	-	-	-	-	-	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%
	Pátio Higienópolis	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.84%	11.20%	11.20%	11.20%	11.20%	11.20%	11.20%	11.20%	11.20%
	Market Place	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
	Iguatemi Alphaville	-	-	-	-	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%	78.00%
	Iguatemi Campinas	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%
	Galleria	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	80.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
	Iguatemi Esplanada (1)	29.70%	29.70%	29.70%	29.70%	33.10%	33.10%	38.00%	38.00%	38.00%	38.00%	38.00%	38.00%	38.00%	38.00%	38.00%	55.33%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%	55.37%
	Iguatemi São Carlos	45.00%	45.00%	45.00%	45.00%	45.00%	45.00%	45.00%	45.00%	45.00%	45.00%	45.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%
	Iguatemi Ribeirão Preto	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%
	Iguatemi Rio Preto	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%	88.00%
	Área proprietária (2)	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
	Iguatemi Porto Alegre	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%
	Praia de Belas	37.50%	37.50%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%	37.80%
	Iguatemi Florianópolis	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%
	Iguatemi Caxias	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%
	Iguatemi Brasília	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%	64.00%
	I Fashion Outlet Novo Hamburgo	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%	41.00%
	Power Center Iguatemi Campinas (3)	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%	77.00%
	Boulevard Iguatemi Rio	60.70%	60.70%	60.70%	60.70%	60.70%	60.70%	68.90%	68.90%	68.90%	68.90%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Subtotal Shoppings	51.50%	51.60%	51.60%	51.60%	53.80%	53.80%	54.70%	55.80%	55.80%	55.40%	54.58%	54.80%	54.80%	54.95%	59.11%	60.08%	60.09%	62.76%	62.76%	62.78%	62.78%	63.00%	59.99%	59.99%	60.42%	59.71%	59.71%	59.71%	59.71%	59.71%	59.71%
	Market Place Torre I	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
	Market Place Torre II	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
	Torre Iguatemi São Paulo	-	-	-	-	-	50.60%	50.60%	57.60%	57.60%	57.60%	57.60%	57.75%	57.75%	57.75%	57.75%	57.75%	57.77%	57.77%	57.77%	58.01%	58.01%	58.01%	58.13%	58.13%	58.41%	58.41%	58.41%	58.41%	58.41%	58.41%	58.44%
	Torre Iguatemi Porto Alegre	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%
	Subtotal Torres	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	93.40%	94.40%	94.40%	100.00%	100.00%	94.37%	94.37%	94.37%	94.37%	94.37%	94.37%	94.37%	94.37%	94.41%	94.41%	94.41%	94.42%	94.42%	94.42%	80.33%	80.33%	80.33%	80.33%	80.33%	80.33%
	Total	54,8%	54.90%	54.90%	54.90%	56.70%	56.60%	57.40%	58.50%	58.50%	57.90%	57.23%	57.50%	57.50%	61.24%	61.96%	61.97%	64.37%	64.37%	64.39%	64.39%	64.55%	61.60%	61.60%	62.02%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%
	ABL Iguatemi (m2)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Iguatemi São Paulo	* 20,147	* 20,139	* 20,316	* 20,308	* 20,377	* 21,602	* 21,499	* 24,252	* 24,252	* 24,252	* 24,252	* 24,315	* 24,315	* 26,916	* 26,916	* 26,916	* 26,652	* 26,652	* 26,652	* 26,762	* 26,762	* 26,762	* 27,508	* 27,508	* 27,641	* 27,641	* 27,641	* 27,641	* 27,641	* 27,641	* 27,655
	JK Iguatemi	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 17,647	* 17,647	* 17,647	* 17,647	* 17,647	* 17,647	* 17,647	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372	* 22,372
	Pátio Higienópolis	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 968	* 3,819	* 3,819	* 3,819	* 3,819	* 3,819	* 3,819	* 3,819	* 3,819
	Market Place	* 26,126	* 26,252	* 26,236	* 26,023	* 26,017	* 26,017	* 26,848	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,927	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940	* 26,940
	Iguatemi Alphaville	-	-	-	-	* 23,539	* 23,539	* 23,830	* 24,041	* 24,041	* 24,041	* 24,041	* 24,041	* 24,041	* 24,041	* 24,041	* 24,041	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423	* 24,423
	Iguatemi Campinas	* 35,677	* 35,787	* 35,787	* 35,818	* 35,818	* 36,001	* 35,120	* 37,853	* 37,853	* 37,853	* 37,853	* 37,853	* 37,853	* 37,853	* 37,853	* 37,853	* 38,025	* 38,025	* 38,025	* 38,025	* 38,025	* 51,445	* 51,445	* 51,445	* 51,445	* 51,444	* 51,444	* 51,444	* 51,444	* 51,444	* 51,444
	Galleria	* 12,007	* 12,007	* 12,037	* 12,028	* 11,992	* 11,971	* 12,126	* 12,868	* 12,868	* 12,868	* 16,618	* 16,618	* 16,618	* 16,618	* 26,589	* 33,236	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146	* 33,146
	Iguatemi Esplanada (1)	* 8,224	* 8,224
* 8,224	* 8,224	* 9,168	* 9,168	* 10,509	* 10,509	* 10,509	* 10,509	* 10,509	* 10,512	* 10,512	* 9,249	* 9,249	* 35,352	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636	* 35,636
	Iguatemi São Carlos	* 8,571	* 8,571	* 8,571	* 8,560	* 8,559	* 8,559	* 8,559	* 8,566	* 8,566	* 8,566	* 8,566	* 9,518	* 9,518	* 9,518	* 9,518	* 9,518	* 9,525	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162	* 11,162
	Iguatemi Ribeirão Preto	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 38,808	* 38,808	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410	* 38,410
	Iguatemi Rio Preto	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411	* 38,411
	Área proprietária (2)	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678	* 3,678
	Iguatemi Porto Alegre	* 14,159	* 14,160	* 14,155	* 14,151	* 14,151	* 14,150	* 14,150	* 14,150	* 14,150	* 14,150	* 14,150	* 14,150	* 14,150	* 14,150	* 14,150	* 14,150	* 14,013	* 14,013	* 14,013	* 14,013	* 14,013	* 14,013	* 14,013	* 14,013	* 14,013	* 21,349	* 21,349	* 21,349	* 21,349	* 21,349	* 21,349
	Praia de Belas	* 10,536	* 10,515	* 11,003	* 10,962	* 10,962	* 10,911	* 10,914	* 11,404	* 11,404	* 11,404	* 11,404	* 11,371	* 11,371	* 11,371	* 11,371	* 18,032	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843	* 17,843
	Iguatemi Florianópolis	* 6,069	* 6,053	* 6,053	* 6,059	* 6,054	* 6,054	* 6,074	* 6,146	* 6,146	* 6,146	* 6,146	* 6,146	* 6,146	* 6,146	* 6,146	* 6,146	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357	* 6,357
	Iguatemi Caxias	* 2,602	* 2,547	* 2,547	* 2,547	* 2,444	* 2,444	* 2,444	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547	* 2,547
	Iguatemi Brasília	* 21,632	* 21,632	* 21,632	* 21,632	* 21,632	* 21,632	* 21,632	* 20,366	* 20,366	* 20,366	* 20,366	* 20,366	* 20,366	* 20,366	* 20,366	* 20,366	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673	* 20,673
	I Fashion Outlet Novo Hamburgo	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 8,236	* 8,236	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247	* 8,247
	Power Center Iguatemi Campinas (3)	* 22,466	* 22,466	* 22,466	* 22,466	* 22,466	* 22,466	* 22,466	* 24,691	* 24,691	* 24,691	* 24,691	* 24,691	* 24,691	* 24,691	* 24,691	* 24,691	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965	* 24,965
	Boulevard Iguatemi Rio	* 15,755	* 15,892	* 15,892	* 15,892	* 15,892	* 15,906	* 18,061	* 17,995	* 17,995	* 17,995	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Subtotal Shoppings	* 191,894	* 192,031	* 192,705	* 192,456	* 216,857	* 218,192	* 219,849	* 227,998	* 227,998	* 245,645	* 249,395	* 250,380	* 250,380	* 251,718	* 308,733	* 348,144	* 348,559	* 393,500	* 393,500	* 393,610	* 393,610	* 407,030	* 408,745	* 411,595	* 411,728	* 419,064	* 419,064	* 419,064	* 419,064	* 419,064	* 419,079
	Market Place Torre I	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685	* 15,685
	Market Place Torre II	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395	* 13,395
	Torre Iguatemi São Paulo	0.0	0.0	0.0	0.0	0.0	* 2,467	* 2,261	* 2,574	* 2,574	* 2,574	* 2,574	* 2,581	* 2,581	* 2,581	* 2,581	* 2,581	* 2,582	* 2,582	* 2,582	* 2,592	* 2,592	* 2,592	* 2,598	* 2,598	* 2,598	* 2,610	* 2,610	* 2,610	* 2,610	* 2,610	* 2,612
	Torre Iguatemi Porto Alegre	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 3,849	* 3,849	* 3,849	* 3,849	* 3,849	* 3,849
	Subtotal Torres	* 29,080	* 29,080	* 29,080	* 29,080	* 29,080	* 31,547	* 31,341	* 31,654	* 31,654	* 31,654	* 31,654	* 31,661	* 31,661	* 31,661	* 31,661	* 31,661	* 31,662	* 31,662	* 31,662	* 31,672	* 31,672	* 31,672	* 31,678	* 31,678	* 31,678	* 35,539	* 35,539	* 35,539	* 35,539	* 35,539	* 35,541
	Total	* 220,974	* 221,111	* 221,785	* 221,536	* 245,937	* 249,739	* 251,190	* 259,652	* 259,652	* 277,299	* 281,049	* 282,041	* 282,041	* 283,379	* 340,394	* 379,805	* 380,221	* 425,162	* 425,162	* 425,282	* 425,282	* 438,702	* 440,423	* 443,273	* 443,419	* 454,604	* 454,604	* 454,604	* 454,604	* 454,604	* 454,619
	(1) Considera o complexo Iguatemi Esplanada, formado pelo Esplanada Shopping e o Iguatemi Esplanada
	(2) Área de propriedade da Iguatemi no Esplanada, detida através de subsidiária
	(3) Power Center localizado anexo ao Shopping Iguatemi Campinas
&G		
Desempenho Operacional
	Desempenho Operacional	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	AMM+OV+TEMP (R$ mil) (1)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Iguatemi São Paulo	23,088	25,157	25,023	35,650	26,113	28,447	28,318	40,290	29,588	32,009	30,576	41,135	30,653	33,654	33,890	45,505	34,438	36,205	36,720	50,782	37,060	38,769	40,368	52,982	39,889	44,470	42,430	56,986	43,242	45,806	46,036
	JK Iguatemi	-	-	-	-	-	-	-	-	-	1,072	13,481	18,714	13,452	15,640	15,441	19,565	15,078	15,387	17,133	22,154	16,351	18,400	17,049	22,326	16,560	17,749	17,939	23,859	16,808	18,346	18,023
	Pátio Higienópolis (3)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,034	25,452	21,403	22,010	20,885	27,398	22,534	23,143	22,977
	Market Place	4,797	4,886	5,155	7,129	5,273	5,377	6,638	8,157	5,904	6,177	6,675	8,329	6,054	6,602	6,545	8,298	6,006	6,674	6,766	9,102	6,184	6,416	7,563	7,970	6,345	6,725	7,438	8,956	6,928	7,069	6,851
	Torres Market Place	5,515	5,551	5,631	5,757	5,849	5,943	6,095	6,283	6,600	6,508	6,506	6,731	6,865	6,825	7,031	7,803	7,508	7,321	7,735	7,013	7,057	7,244	6,335	6,264	6,230	5,985	6,154	6,069	6,129	6,046	6,094
	Iguatemi Alphaville	-	-	-	-	-	4,272	6,455	8,496	6,451	6,785	6,729	8,332	6,231	6,556	6,545	8,659	6,417	6,888	6,741	9,168	6,773	7,281	7,251	11,002	6,960	7,435	7,385	11,446	6,997	7,491	8,247
	Iguatemi Campinas	11,818	12,372	12,775	17,209	12,553	13,358	13,445	18,981	13,407	14,624	15,686	20,171	15,458	16,189	17,041	22,185	16,908	17,929	18,114	23,711	17,969	20,943	22,062	29,910	22,367	23,141	24,143	34,887	23,726	25,199	25,638
	Galleria	2,496	2,604	2,651	4,167	2,686	2,927	3,176	4,114	3,075	3,280	3,782	6,082	4,854	4,794	4,966	6,377	4,918	5,072	4,991	7,455	4,920	5,077	5,041	6,745	5,137	5,208	5,138	6,945	5,343	5,390	4,784
	Iguatemi Esplanada (2)	5,749	5,941	6,101	8,052	6,158	6,511	6,711	8,999	7,043	7,186	7,396	9,902	7,822	7,920	8,044	14,734	14,348	14,067	14,033	19,675	14,362	14,590	14,531	19,309	14,845	15,066	15,083	20,382	15,870	15,838	16,199
	Iguatemi São Carlos	1,247	1,383	1,358	2,073	1,445	1,603	1,403	2,212	1,514	1,740	1,704	2,345	1,783	1,787	1,820	2,810	1,861	2,001	2,258	3,060	2,354	2,417	2,469	3,462	2,472	2,717
2,596	3,735	2,681	2,706	2,741
	Iguatemi Ribeirão Preto	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82	6,167	4,641	4,721	4,691	6,325	5,174	4,885	5,088	6,586	5,779	5,279	5,471	7,005	6,109	5,356	5,513
	Iguatemi Rio Preto	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,658	5,221	6,522	5,296	5,082	5,684	7,256	5,739	6,544	6,382	8,973	6,268	6,777	6,524
	Iguatemi Porto Alegre	12,581	13,568	14,032	18,104	13,477	14,427	14,909	19,218	14,864	15,968	15,728	20,215	15,992	17,221	16,427	21,953	16,972	17,382	17,062	23,255	17,057	17,539	17,521	24,916	18,723	21,408	24,754	31,723	24,059	25,275	28,194
	Praia de Belas 	5,990	6,439	6,580	8,789	6,465	6,973	6,925	9,269	6,824	7,404	7,160	10,081	7,265	7,998	8,413	11,720	9,457	10,761	10,291	13,772	10,343	11,140	10,641	14,451	11,167	11,410	11,174	14,940	11,835	12,070	11,831
	Iguatemi Florianópolis	4,175	4,729	4,647	6,140	5,166	5,448	5,402	7,051	5,573	5,667	5,523	7,446	5,602	5,965	5,626	7,785	6,053	6,201	6,280	8,419	6,018	6,147	6,061	8,445	6,579	6,293	6,317	9,080	6,649	6,638	6,500
	Iguatemi Caxias	-	-	-	-	-	-	-	-	4,084	4,660	4,788	6,108	4,728	5,312	5,228	7,114	5,311	5,945	5,820	7,843	5,534	6,504	6,987	8,731	6,057	6,678	6,360	8,176	5,923	5,838	5,753
	Iguatemi Brasília	110	5,470	5,733	8,430	6,403	7,093	7,196	9,706	7,336	7,735	7,672	10,301	7,325	8,168	8,279	10,874	7,967	8,571	8,742	11,375	8,859	9,141	9,230	12,220	9,462	9,961	9,738	12,959	9,914	10,125	10,306
	I Fashion Outlet	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800	2,124	1,908	2,244	2,983	2,344	2,611	2,502	3,626	2,587	2,727	2,718	3,759	2,684	2,833	2,818
	Power Center Iguatemi Campinas	353	474	929	521	665	616	642	665	778	683	782	-	673	690	774	878	800	750	809	836	836	824	878	935	840	713	736	900	841	789	836
	Estaciomento (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Iguatemi São Paulo	4,607	4,742	4,788	6,140	5,190	5,589	5,464	6,093	6,194	6,435	5,542	6,758	5,945	6,137	5,988	7,221	6,771	6,940	6,784	7,564	6,803	7,162	7,005	8,914	7,078	7,447	7,123	8,518	7,115	7,506	7,587
	JK Iguatemi	-	-	-	-	-	-	-	-	-	591	4,571	4,127	3,902	4,033	4,261	4,888	4,723	4,832	4,807	5,379	5,168	5,544	4,900	5,827	5,070	5,484	5,234	5,975	4,862	5,108	5,242
	Pátio Higienópolis (3)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,623	4,577	3,545	3,603	3,576	4,231	4,133	3,771	3,913
	Market Place	3,302	3,275	3,476	3,877	3,519	3,646	3,732	3,840	4,124	4,196	4,149	4,687	4,595	4,447	4,665	4,812	5,629	5,484	5,191	5,466	5,837	5,817	5,715	6,809	6,510	6,085	6,024	6,325	6,113	5,736	5,705
	Torres Market Place	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Iguatemi Alphaville	-	-	-	-	-	1,441	1,550	1,757	1,515	1,713	1,764	2,151	1,906	2,090	2,093	2,439	2,335	2,565	2,376	3,004	3,140	3,207	3,142	3,711	3,478	3,551	3,548	4,015	3,799	3,850	3,579
	Iguatemi Campinas	2,973	2,991	3,127	3,648	3,346	3,790	3,740	4,412	3,718	3,927	3,813	4,423	4,011	4,215	4,203	4,866	4,468	4,505	4,365	5,122	4,414	5,022	5,519	6,671	6,146	6,513	6,184	8,182	6,979	7,089	6,681
	Galleria	-	381	801	926	827	815	958	1,053	1,083	1,052	1,126	1,340	1,463	1,389	1,432	1,646	1,660	1,663	1,749	2,233	2,027	1,897	2,084	2,568	2,344	2,109	2,188	2,426	2,278	2,294	2,352
	Iguatemi Esplanada (2)	1,412	1,544	1,605	1,828	1,401	1,502	1,799	2,115	1,718	1,799	2,001	2,369	1,919	1,943	2,221	3,306	2,712	3,120	3,242	4,065	3,162	3,397	3,401	4,638	3,670	4,160	4,030	4,978	4,102	5,020	4,820
	Iguatemi São Carlos	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	163	667	566	588	676	886	685	706	695	864	844	840	799
	Iguatemi Ribeirão Preto	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	17	12	12	42	9	-	-	-	-	-	-	-	-	-	-
	Iguatemi Rio Preto	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	74	90	63	58	54	80	57	64	60	94	82	84	44
	Iguatemi Porto Alegre	2,385	2,663	2,726	3,090	2,814	3,038	3,123	3,381	3,014	3,139	3,223	3,665	3,243	3,432	3,475	3,567	3,315	2,971	3,143	3,764	3,499	3,802	3,762	4,541	3,383	5,168	5,438	6,888	6,255	6,445	6,222
	Praia de Belas 	1,443	1,551	1,608	1,728	1,463	1,675	1,724	1,778	1,568	1,892	1,924	2,085	1,820	2,031	2,225	2,310	2,325	2,662	2,665	2,851	2,617	3,157	3,521	3,808	2,972	3,548	3,641	3,973	3,623	3,950	4,365
	Iguatemi Florianópolis	930	887	909	1,022	944	887	822	992	1,100	1,046	1,064	1,162	1,212	993	1,041	1,206	1,358	1,234	1,142	1,355	1,426	1,234	1,171	1,520	1,574	1,308	1,223	1,552	1,436	1,213	1,173
	Iguatemi Caxias	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	689	622	1,321	1,508	1,345	956	1,417	1,416	1,438	1,656	1,264
	Iguatemi Brasília	-	822	933	1,293	1,611	1,525	1,587	2,039	1,624	1,653	1,689	2,065	2,012	1,935	1,961	2,424	2,100	2,300	2,006	2,690	2,376	2,446	2,263	2,872	2,796	2,907	2,705	3,505	2,861	2,699	2,420
	I Fashion Outlet	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Power Center Iguatemi Campinas	-	-	-	-	-	45	142	114	107	90	84	82	94	86	100	127	117	109	112	115	129	107	101	107	122	130	132	227	219	200	219
	(1)  Números apresentados não incluem o efeito da linearização.
	(2)  Considera o Complexo formado pelo Iguatemi Esplanada e pelo Esplanada Shopping.
	(3)  A contabilização das Receitas no Pátio Higienópolis é feita através do regime caixa. As Receitas acumuladas de 2015 não foram divulgadas uma vez que adquirimos participação no ativo em Julho/2015.
&G		
DRE
	Demonstração de Resultados	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	DRE Consolidada Gerencial (R$ mil) (1)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Receita Bruta	62,667	74,741	75,554	81,474	76,912	90,095	95,632	106,862	102,506	108,702	119,612	131,813	115,464	122,038	125,957	156,248	145,102	159,223	165,590	187,149	165,606	175,716	177,761	196,600
	Impostos e descontos	(6,350)	(8,041)	(7,945)	(8,521)	(8,025)	(9,448)	(10,875)	(11,631)	(11,842)	(11,628)	(15,306)	(13,336)	(12,966)	(13,922)	(12,903)	(16,166)	(13,894)	(15,385)	(17,615)	(20,566)	(16,784)	(19,106)	(18,139)	(24,459)
	Receita Líquida	56,317	66,700	67,609	72,953	68,887	80,647	84,757	95,231	90,664	97,074	104,306	118,477	102,498	108,116	113,054	140,082	131,208	143,838	147,975	166,583	148,822	156,610	159,622	172,141
	Custos e Despesas	(21,357)	(28,417)	(25,574)	(35,254)	(28,088)	(31,426)	(40,514)	(43,064)	(30,891)	(37,278)	(49,816)	(47,639)	(34,891)	(39,332)	(42,141)	(57,465)	(41,375)	(46,748)	(45,849)	(46,993)	(44,689)	(46,764)	(44,276)	(54,120)
	Outras Receitas (Despesas) Operacionais	189	11,402	13,286	7,077	509	8,522	20,824	18,721	1,156	22,579	110,636	26,494	14,418	2,481	6,765	34,204	8,693	3,084	10,324	23,593	(1,460)	12,520	19,384	26,013
	Resultado de Equivalência Patrimonial	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	EBITDA	* 35,149	* 49,673	* 55,310	* 44,757	* 41,299	* 57,731	* 65,067	* 70,888	* 60,929	* 82,375	* 165,126	* 97,332	* 82,025	* 71,265	* 77,678	* 116,821	* 98,526	* 100,175	* 112,450	* 143,183	* 102,673	* 122,366	* 134,730	* 144,034
	Margem EBITDA	62.4%	74.5%	81.8%	61.4%	60.0%	71.6%	76.8%	74.4%	67.2%	84.9%	158.3%	82.2%	80.0%	65.9%	68.7%	83.4%	75.1%	69.6%	76.0%	86.0%	69.0%	78.1%	84.4%	83.7%
	EBITDA Ajustado (3)	-	-	-	-	-	-	-	-	-	-	* 56,921	-	-	-	-	-	-	-	-	-	-	-	-	-
	Margem EBITDA Ajustada	-	-	-	-	-	-	-	-	-	-	54.6%	-	-	-	-	-	-	-	-	-	-	-	-	-
	Depreciação e amortização	(4,414)	(5,537)	(5,209)	(5,275)	(5,056)	(6,010)	(6,523)	(8,142)	(8,357)	(9,509)	(11,208)	(11,594)	(11,892)	(12,057)	(13,259)	(16,879)	(18,574)	(21,824)	(23,180)	(23,857)	(24,335)	(25,185)	(25,918)	(27,307)
	EBIT	30,735	44,136	50,101	39,482	36,243	51,721	58,544	62,746	52,572	72,866	153,918	85,738	70,133	59,208	64,419	99,942	79,952	78,351	89,270	119,327	78,338	97,182	108,812	116,727
	Margem EBIT	54.6%	66.2%	74.1%	54.1%	52.6%	64.1%	69.1%	65.9%	58.0%	75.1%	147.6%	72.4%	68.4%	54.8%	57.0%	71.3%	60.9%	54.5%	60.3%	71.6%	52.6%	62.1%	68.2%	67.8%
	Receitas e (despesas) financeiras	(5,964)	564	4,153	(1,859)	4,791	(1,702)	(11,566)	(12,400)	(10,894)	(9,021)	(13,699)	(15,611)
(12,800)	(11,177)	(7,741)	(31,188)	(20,591)	(21,182)	(31,485)	(39,653)	(28,143)	(37,759)	(40,123)	(53,931)
	IR e CSLL	(9,483)	(6,989)	(11,374)	(6,128)	9,546	(7,040)	(16,261)	(3,574)	(9,464)	(9,797)	(11,269)	(17,031)	(9,995)	(12,487)	(11,714)	(12,314)	(11,226)	(7,035)	9,298	(14,315)	(5,067)	(11,523)	(10,247)	(20,610)
	Lucro Líquido	15,288	37,711	42,880	31,495	50,580	42,979	30,717	46,772	32,214	54,048	128,950	53,096	47,338	35,544	44,963	56,440	48,135	50,134	67,082	65,359	45,128	47,900	58,442	42,186
	Margem líquida	27.1%	56.5%	63.4%	43.2%	73.4%	53.3%	36.2%	49.1%	35.5%	55.7%	123.6%	44.8%	46.2%	32.9%	39.8%	40.3%	36.7%	34.9%	45.3%	39.2%	30.3%	30.6%	36.6%	24.5%
	FFO	19,702	43,248	48,089	36,770	55,636	48,989	37,240	54,914	40,571	63,557	140,158	64,690	59,230	47,601	58,222	73,319	66,709	71,958	90,262	89,215	69,463	73,084	84,360	69,493
	Margem FFO	35.0%	64.8%	71.1%	50.4%	80.8%	60.7%	43.9%	57.7%	44.7%	65.5%	134.4%	54.6%	57.8%	44.0%	51.5%	52.3%	50.8%	50.0%	61.0%	53.6%	46.7%	46.7%	52.9%	40.4%
	DRE Consolidada Contábil (R$ mil) (2)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Receita Bruta	62,667	74,741	75,554	81,474	76,912	90,095	95,632	106,862	100,614	105,549	104,600	116,290	103,862	109,572	113,302	143,082	132,637	158,966	165,332	186,892	165,357	175,466	177,512	196,329	180,418	188,954	186,755	213,043	192,548	196,793	197,835
	Impostos e descontos	(6,350)	(8,041)	(7,945)	(8,521)	(8,025)	(9,448)	(10,875)	(11,631)	(11,315)	(10,852)	(11,701)	(10,665)	(11,045)	(12,663)	(12,122)	(15,118)	(13,154)	(15,366)	(17,595)	(20,546)	(16,765)	(19,087)	(18,120)	(24,438)	(19,931)	(26,143)	(25,658)	(29,291)	(25,199)	(27,380)	(28,144)
	Receita Líquida	56,317	66,700	67,609	72,953	68,887	80,647	84,757	95,231	89,299	94,697	92,899	105,625	92,817	96,909	101,180	127,962	119,483	143,600	147,737	166,346	148,592	156,379	159,392	171,891	160,487	162,811	161,097	183,752	167,349	169,413	169,690
	Custos e Despesas	(21,357)	(19,795)	(17,400)	(19,617)	(18,456)	(19,967)	(40,514)	(43,064)	(26,893)	(30,897)	(45,608)	(44,515)	(32,915)	(36,848)	(39,591)	(55,584)	(39,471)	(46,728)	(45,824)	(47,113)	(44,666)	(46,735)	(44,260)	(54,124)	(41,035)	(45,981)	(38,439)	(41,324)	(41,704)	(46,684)	(40,645)
	Outras Receitas (Despesas) Operacionais	189	11,402	13,286	7,077	509	8,522	20,824	18,721	1,145	22,509	110,853	27,776	14,487	2,571	6,148	34,581	8,650	3,084	10,324	23,737	(1,460)	12,520	19,384	26,013	9,354	4,534	5,010	91	(180)	7,444	4,499
	Resultado de Equivalência Patrimonial	-	-	-	-	-	-	-	-	(2,942)	(3,848)	4,279	5,585	5,152	5,730	6,978	6,462	6,757	195	187	187	183	177	190	227	218	223	257	241	299	299	298
	EBITDA	* 35,149	* 49,673	* 55,310	* 44,757	* 41,299	* 57,731	* 65,067	* 70,888	* 60,609	* 82,461	* 162,423	* 94,471	* 79,541	* 68,362	* 74,715	* 113,421	* 95,419	* 100,151	* 112,424	* 143,157	* 102,649	* 122,341	* 134,706	* 144,007	* 129,024	* 121,587	* 127,925	* 142,760	* 125,764	* 130,472	* 133,842
	Margem EBITDA	62.4%	74.5%	81.8%	61.4%	60.0%	71.6%	76.8%	74.4%	67.9%	87.1%	174.8%	89.4%	85.7%	70.5%	73.8%	88.6%	79.9%	69.7%	76.1%	86.1%	69.1%	78.2%	84.5%	83.8%	80.4%	74.7%	79.4%	77.7%	75.2%	77.0%	78.9%
	EBITDA Ajustado³	-	-	-	-	-	-	-	-	-	-	* 54,218	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Margem EBITDA Ajustada	-	-	-	-	-	-	-	-	-	-	58.4%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Depreciação e amortização	(8,300)	(5,537)	(5,209)	(5,275)	(5,056)	(6,010)	(6,523)	(8,142)	(8,029)	(9,801)	(9,750)	(10,061)	(10,318)	(10,269)	(11,445)	(15,040)	(16,719)	(21,825)	(23,180)	(23,856)	(24,336)	(25,184)	(25,918)	(27,307)	(27,847)	(27,223)	(26,751)	(26,500)	(26,479)	(26,381)	(26,743)
	EBIT	26,849	44,136	50,101	39,482	36,243	51,721	58,544	62,746	52,580	72,660	152,673	84,410	69,223	58,093	63,270	98,381	78,700	78,326	89,244	119,301	78,313	97,157	108,788	116,700	101,177	94,364	101,174	116,260	99,285	104,091	107,099
	Margem EBIT	47.7%	66.2%	74.1%	54.1%	52.6%	64.1%	69.1%	65.9%	58.9%	76.7%	164.3%	79.9%	74.6%	59.9%	62.5%	76.9%	65.9%	54.5%	60.4%	71.7%	52.7%	62.1%	68.3%	67.9%	63.0%	58.0%	62.8%	63.3%	59.3%	61.4%	63.1%
	Receitas e (despesas) financeiras	(5,964)	564	4,153	(1,859)	(4,791)	(1,702)	(11,566)	(12,400)	(11,046)	(9,051)	(13,445)	(15,861)	(13,109)	(11,444)	(8,060)	(31,399)	(20,750)	(21,183)	(31,485)	(39,654)	(28,143)	(37,759)	(40,123)	(53,931)	(51,853)	(52,919)	(53,816)	(51,179)	(43,478)	(43,387)	(42,827)
	IR e CSLL	(8,162)	(6,989)	(11,374)	6,128	9,546	(7,040)	(16,261)	(3,574)	(9,320)	(9,561)	(10,024)	(15,585)	(8,776)	(11,105)	(10,247)	(10,543)	(9,815)	(7,009)	9,323	(14,289)	(5,042)	(11,498)	(10,222)	(20,583)	(10,612)	(6,357)	(6,735)	(15,309)	(5,188)	(9,729)	(11,211)
	Lucro Líquido	27,205	37,711	42,880	43,751	31,488	42,989	30,717	46,772	32,214	54,048	129,204	52,964	47,338	35,544	44,963	56,439	48,135	50,134	67,082	65,358	45,128	47,900	58,443	42,186	38,712	35,088	40,623	49,772	50,619	50,975	53,061
	Margem líquida	48.3%	56.5%	63.4%	60.0%	45.7%	53.3%	36.2%	49.1%	36.1%	57.1%	139.1%	50.1%	51.0%	36.7%	44.4%	44.1%	40.3%	34.9%	45.4%	39.3%	30.4%	30.6%	36.7%	24.5%	24.1%	21.6%	25.2%	27.1%	30.2%	30.1%	31.3%
	FFO	31,620	43,248	48,089	49,026	36,544	48,989	37,240	54,914	40,243	63,849	138,954	63,025	57,656	45,813	56,408	71,479	64,854	71,959	90,262	89,214	69,464	73,084	84,361	69,493	66,559	62,311	67,374	76,272	77,098	77,356	79,804
	Margem FFO	56.1%	64.8%	71.1%	67.2%	53.0%	60.7%	43.9%	57.7%	45.1%	67.4%	149.6%	59.7%	62.1%	47.3%	55.8%	55.9%	54.3%	50.1%	61.1%	53.6%	46.7%	46.7%	52.9%	40.4%	41.5%	38.3%	41.8%	41.5%	46.1%	45.7%	47.0%
	(1) Com a abertura do Shopping JK Iguatemi no 2T12 adotamos a consolidação gerencial para refletir a participação do Shopping nas demonostrações financeiras da Iguatemi
	(2) Considera o investimento no JK Iguatemi consolidado via método de equivalência patrimonial.
	(3) EBITDA ajustado pela venda do Shopping Boulevard Rio Iguatemi.
&G		
Receita Bruta
	Receita Bruta	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Receita Bruta (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Aluguel	46,958	53,754	54,796	57,701	54,808	63,274	66,118	72,261	69,614	73,661	80,234	85,169	78,765	83,967	84,905	103,869	97,762	107,071	110,251	121,776	110,412	115,567	117,965	128,571	121,438	126,861	128,066	143,912	131,250	133,868	138,120
	Taxa de Administração	3,527	5,172	6,222	6,750	5,623	5,995	6,185	6,156	7,048	6,189	6,182	7,139	6,407	6,430	7,002	8,492	8,241	8,591	9,647	10,669	9,327	10,461	10,706	12,084	11,356	10,969	10,508	11,116	11,373	11,474	11,559
	Estacionamento	9,523	10,704	11,262	13,143	12,375	14,313	14,796	16,480	16,673	17,645	18,680	20,839	19,313	19,783	20,441	24,498	24,132	27,291	26,725	30,662	29,063	30,941	30,724	37,308	33,832	35,200	33,015	40,002	35,456	36,024	35,455
	Outros	2,659	5,110	3,274	3,880	4,106	6,513	8,534	11,965	9,171	11,207	14,516	18,667	10,979	11,858	13,608	19,389	14,967	16,270	18,966	24,041	16,805	18,747	18,366	18,637	13,792	15,924	15,166	18,013	14,469	15,427	12,701
	Total	62,667	74,741	75,554	81,474	76,912	90,095	95,632	106,862	102,506	108,702	119,612	131,813	115,464	122,038	125,957	156,248	145,102	159,223	165,590	187,149	165,606	175,716	177,761	196,600	180,418	188,954	186,755	213,043	192,548	196,793	197,835
	Receita de Aluguel (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Aluguel Mínimo	41,471	46,248	47,177	45,051	47,726	53,390	56,453	52,749	58,879	60,739	66,897	67,956	68,440	69,726	71,654	83,552	84,405	90,160	93,863	97,567	95,373	97,679	101,134	105,352	106,330	107,467	111,953	118,181	116,354	115,188	121,382
	Aluguel Percentual	2,441	3,780	3,370	5,100	2,894	4,801	4,441	10,553	5,336	6,060	6,290	8,225	5,159	6,112	5,171	8,917	5,679
7,502	6,802	9,431	6,673	7,875	7,180	10,364	6,704	8,476	6,906	11,234	6,526	8,237	6,382
	Locações Temporárias	3,046	3,727	4,250	7,550	4,188	5,083	5,224	8,959	5,399	6,861	7,047	8,987	5,166	8,129	8,080	11,400	7,678	9,408	9,587	14,778	8,366	10,013	9,651	12,854	8,405	10,918	9,207	14,497	8,370	10,443	10,356
	Total	46,958	53,754	54,796	57,701	54,808	63,274	66,118	72,261	69,614	73,661	80,234	85,169	78,765	83,967	84,905	103,869	97,762	107,071	110,251	121,776	110,412	115,567	117,965	128,571	121,438	126,861	128,066	143,912	131,250	133,868	138,120
&G		
Custos e Despesas
	Custos dos Aluguéis e Serviços e Despesas Administrativas	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Informação Gerencial (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Custos de Aluguéis e Serviços	10,000	15,577	13,451	16,097	14,367	15,888	14,753	21,881	17,212	20,150	25,800	23,859	20,764	21,348	20,699	28,359	24,106	28,945	29,187	31,894	29,633	31,603	30,344	35,282	27,267	32,741	27,822	32,936	30,195	32,774	28,932
	Despesas	11,357	12,840	12,123	19,157	13,721	15,538	25,761	21,183	13,679	17,128	24,016	23,780	14,127	17,984	21,442	29,107	17,269	17,803	16,662	15,098	15,055	15,160	13,931	18,838	13,768	13,240	10,617	8,388	11,509	13,910	11,713
	Despesas Administrativas	4,504	12,840	12,123	19,157	12,228	12,147	24,974	18,804	10,908	11,332	15,097	9,887	10,338	11,194	13,838	12,580	13,937	12,010	15,095	12,970	14,084	13,888	13,011	17,963	13,274	12,967	10,214	8,109	11,421	13,869	11,626
	Remuneração Baseada em ações	-	-	-	-	-	-	787	2,281	292	175	6,499	3,372	2,069	2,210	2,140	2,140	1,251	1,251	1,251	1,251	719	719	719	719	348	348	348	348	66	0	0
	Pré-operacional	6,853	0	0	0	1,493	3,391	0	98	2,479	5,621	2,420	10,521	1,720	4,580	5,464	14,387	2,081	4,542	316	877	252	553	201	156	146	-75	55	-69	22	41	87
	Sub Total	21,357	28,417	25,574	35,254	28,088	31,426	40,514	43,064	30,891	37,278	49,816	47,639	34,891	39,332	42,141	57,465	41,375	46,748	45,849	46,993	44,688	46,764	44,276	54,120	41,035	45,981	38,439	41,324	41,704	46,684	40,645
	Depreciação e Amortização	4,414	5,537	5,209	5,275	5,056	6,010	6,523	8,142	8,357	9,509	11,208	11,594	11,892	12,057	13,260	16,879	18,574	21,824	23,180	23,857	24,335	25,185	25,918	27,307	27,847	27,223	26,751	26,500	26,479	26,381	26,743
	Total	25,771	33,954	30,783	40,529	33,144	37,436	47,037	51,206	39,248	46,787	61,024	59,233	46,782	51,389	55,401	74,344	59,949	68,572	69,029	70,849	69,023	71,948	70,194	81,427	68,882	73,204	65,190	67,824	68,183	73,065	67,388
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Outras Rec. e Desp. Op.
	Outras Receitas e Despesas Operacionais	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Outras Receitas e Despesas Operacionais (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	VGV (Mínimo garantido + Complemento) (1)	-	8,000	11,800	-	-	10,700	-	4,517	-	24,300	-	6,364	14,100	-	-	11,300	7,000	-	6,500	9,300	-	-	6,780	12,400	-	-	-	-	-	-	-
	Outros	189	3,402	1,486	7,077	509	-2,178	20,824	14,204	1,156	-1,721	110,636	20,130	318	2,481	6,765	22,904	1,693	3,084	3,824	14,293	-1,460	12,520	12,604	13,613	9,354	4,534	5,010	91	-180	7,444	4,499
	Total	189	11,402	13,286	7,077	509	8,522	20,824	18,721	1,156	22,579	110,636	26,494	14,418	2,481	6,765	34,204	8,693	3,084	10,324	23,593	-1,460	12,520	19,384	26,013	9,354	4,534	5,010	91	-180	7,444	4,499
	(1) Montante líquido.
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Balanço
	Balanço Patrimonial	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Balanço Patrimonial Consolidado Gerencial
	ATIVO (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Ativo Circulante	* 662,316	* 619,116	* 668,308	* 723,472	* 1,090,149	* 1,041,299	* 935,768	* 837,686	* 1,159,586	* 962,544	* 1,422,882	* 1,084,865	* 1,444,360	* 1,422,882	* 1,463,009	* 1,309,983	* 1,167,095	* 787,853	* 964,845	* 900,383	* 623,318	* 571,326	* 648,115	* 625,219
	Disponibilidades	* 618,027	* 557,788	* 592,831	* 628,246	* 1,004,289	* 942,908	* 830,561	* 721,488	* 1,048,966	* 784,842	* 1,271,735	* 937,795	* 1,293,204	* 1,271,735	* 1,287,666	* 1,064,869	* 948,757	* 560,488	* 682,414	* 656,606	* 411,705	* 368,660	* 420,078	* 392,982
	Contas a Receber	* 28,477	* 41,462	* 52,982	* 70,319	* 66,611	* 75,206	* 83,514	* 90,021	* 80,732	* 81,373	* 110,568	* 106,276	* 104,542	* 110,568	* 118,660	* 201,647	* 184,280	* 183,303	* 203,225	* 186,650	* 148,554	* 137,769	* 165,875	* 176,220
	Tributos a Recuperar	* 9,023	* 10,511	* 11,191	* 13,589	* 12,883	* 15,099	* 13,683	* 19,586	* 17,834	* 26,630	* 25,907	* 30,350	* 31,703	* 25,907	* 26,696	* 33,809	* 21,763	* 25,425	* 41,745	* 27,951	* 26,264	* 26,960	* 25,518	* 21,944
	Empréstimos a receber	* 329	* 240	* 302	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Outros créditos 1	* 5,571	* 8,996	* 10,982	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Despesas Antecipadas	* 67	* 119	* 20	* 651	* 2,129	* 1,933	* 1,413	* 216	* 4,145	* 3,626	* 3,371	* 529	* 4,318	* 3,371	* 1,434	* 629	* 3,399	* 8,757	* 4,255	* 6,431	* 11,913	* 10,064	* 8,361	* 6,844
	Estoques	* 822	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Outros Ativos Circulantes	-	-	-	* 10,667	* 4,237	* 6,153	* 6,597	* 6,375	* 7,909	* 66,073	* 11,301	* 9,915	* 10,593	* 11,301	* 28,553	* 9,029	* 8,896	* 9,880	* 33,206	* 22,745	* 24,882	* 27,873	* 28,283	* 27,229
	Ativo Não Circulante	* 1,358,748	* 1,412,977	* 1,490,713	* 1,570,859	* 1,660,942	* 1,784,028	* 1,868,808	* 2,059,346	* 2,119,154	* 2,240,355	* 2,878,613	* 2,487,330	* 2,688,233	* 2,878,613	* 3,126,682	* 3,347,966	* 3,466,480	* 3,804,831	* 3,884,844	* 4,010,961	* 4,097,855	* 4,170,944	* 4,262,556	* 4,432,331
	Ativo Realizável a Longo Prazo	* 92,825	* 104,964	* 115,511	* 50,280	* 46,588	* 72,232	* 85,834	* 83,478	* 82,811	* 126,260	* 221,942	* 172,089	* 214,658	* 221,942	* 268,012	* 167,144	* 177,970	* 188,398	* 196,164	* 224,629	* 255,167	* 270,205	* 274,124	* 292,097
	Contas a Receber	0.0	* 6,423	* 20,605	* 20,781	* 20,552	* 31,358	* 30,773	* 28,946	* 27,095	* 56,066	* 72,106	* 63,032	* 98,506	* 72,106	* 73,884	* 28,986	* 32,254	* 42,561	* 31,331	* 71,575	* 62,969	* 65,701	* 65,798	* 83,855
	Tributos Diferidos	* 8,165	* 8,165	* 8,219	* 8,822	* 8,578	* 9,590	* 9,810	* 9,535	* 10,152	* 11,975	* 18,282	* 16,063	* 18,235	* 18,282	* 19,555	* 20,572	* 24,185	* 32,781	* 43,849	* 40,214	* 51,478	* 57,993	* 67,399	* 68,672
	Créditos com Partes Relacionadas	* 32,694	* 38,442	* 36,776	* 15,603	* 12,489	* 26,420	* 39,096	* 38,641	* 40,489	* 52,149	* 52,642	* 58,455	* 73,196	* 52,642	* 55,214	* 79,345	* 80,471	* 68,677	* 75,414	* 104,443	* 127,959	* 133,811	* 129,431	* 129,848
	Empréstimos a receber	* 6,600	* 3,738	* 1,525	* 1,223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Desapropriações a receber	* 1,402	* 1,402	* 1,402	* 1,402	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Depósitos judiciais	* 25,582	* 25,916	* 26,284	* 2,449	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Outros créditos	* 18,382	* 20,878	* 20,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Outros Ativos Não Circulantes	-	-	-	-	* 4,969	* 4,864	* 6,155	* 6,356	* 5,075	* 6,070	* 78,912	* 34,539	* 24,721	* 78,912	* 119,359	* 38,241	* 41,060	* 44,379	* 45,570	* 8,397	* 12,761	* 12,700	* 11,496	* 9,722
	Investimentos	* 651	* 308	* 441	* 1,400,897	* 1,496,669	* 1,593,087	* 1,659,787	* 1,846,533	* 1,908,961	* 1,985,052	* 2,527,177	* 2,184,520	* 2,343,355	* 2,527,177	* 2,729,877	* 3,052,141	* 3,162,137	* 3,490,518	* 3,563,716	* 3,661,318	* 3,718,303	*
3,777,816	* 3,865,959	* 4,018,102
	Participações Societárias	-	-	-	* 924	-	* 981	* 899	* 979	* 979	* 1,058	* 1,744	* 1,058	* 1,181	* 1,744	* 1,990	* 2,056	* 2,105	* 11,189	* 11,263	* 11,225	* 11,221	* 11,219	* 11,204	* 14,490
	Propriedades para Investimento	-	-	-	* 1,399,973	-	* 1,592,106	* 1,658,888	* 1,845,554	* 1,907,982	* 1,983,994	* 2,525,433	* 2,183,462	* 2,342,174	* 2,525,433	* 2,727,887	* 3,050,085	* 3,160,032	* 3,479,329	* 3,552,453	* 3,650,093	* 3,707,082	* 3,766,597	* 3,854,755	* 4,003,612
	Imobilizado	* 1,165,473	* 1,203,839	* 1,269,773	* 13,743	* 10,821	* 10,551	* 13,589	* 18,809	* 17,969	* 20,167	* 20,325	* 21,726	* 21,071	* 20,325	* 19,966	* 19,846	* 19,103	* 20,336	* 20,281	* 19,970	* 19,589	* 19,134	* 19,526	* 19,530
	Intangível	* 99,799	* 103,866	* 104,988	* 105,939	* 106,864	* 108,158	* 109,598	* 110,526	* 109,413	* 108,876	* 109,169	* 108,995	* 109,149	* 109,169	* 108,827	* 108,835	* 107,270	* 105,579	* 104,683	* 105,044	* 104,796	* 103,789	* 102,947	* 102,602
	Total Ativo	* 2,021,064	* 2,032,093	* 2,159,021	* 2,294,331	* 2,751,091	* 2,825,327	* 2,804,576	* 2,897,032	* 3,278,740	* 3,202,899	* 4,301,495	* 3,572,196	* 4,132,593	* 4,301,495	* 4,589,691	* 4,657,949	* 4,633,575	* 4,592,684	* 4,849,689	* 4,911,344	* 4,721,173	* 4,742,270	* 4,910,671	* 5,057,550
	PASSIVO (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Passivo Circulante	148,322	86,906	103,000	145,979	152,486	197,071	233,544	254,506	260,987	236,223	303,753	322,188	378,183	303,753	323,250	384,420	488,546	427,525	408,974	511,382	462,192	486,415	400,059	550,704
	Obrigações Sociais e Trabalhistas	10,546	6,381	11,814	12,968	6,927	10,124	13,863	15,754	10,684	13,875	14,552	20,587	23,617	14,552	16,513	21,943	16,152	17,271	18,371	20,883	14,199	19,416	23,228	26,977
	Fornecedores	* 9,693	* 7,810	* 9,906	* 8,741	* 14,759	* 16,390	* 29,124	* 20,549	* 24,000	* 19,043	* 25,313	* 20,564	* 25,489	* 25,313	* 30,591	* 36,065	* 32,357	* 40,854	* 37,714	* 40,654	* 38,239	* 29,404	* 24,858	* 29,215
	Obrigações Fiscais	* 14,656	* 13,209	* 17,494	* 12,949	* 15,889	* 18,981	* 21,582	* 17,913	* 15,034	* 14,922	* 15,498	* 27,167	* 19,051	* 15,498	* 19,151	* 39,025	* 24,363	* 21,033	* 28,634	* 23,171	* 19,637	* 19,179	* 21,321	* 20,053
	Empréstimos e Financiamentos	* 18,455	* 20,729	* 20,708	* 20,840	* 20,931	* 22,173	* 33,038	* 59,185	* 76,918	* 87,703	* 93,909	* 96,303	* 103,877	* 93,909	* 100,349	* 111,575	* 111,871	* 115,675	* 116,290	* 125,751	* 126,605	* 143,566	* 140,838	* 151,320
	Debêntures	* 5,800	* 1,451	* 7,249	* 1,747	* 7,308	* 81,400	* 77,698	* 80,939	* 81,020	* 89,479	* 96,132	* 84,914	* 77,073	* 96,132	* 79,960	* 106,034	* 245,013	* 205,302	* 179,126	* 211,489	* 176,940	* 206,498	* 181,052	* 213,830
	Dividendos e juros sobre o capital próprio propostos	* 46,765	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Contas a pagar	* 42,407	* 37,326	* 35,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Outras Obrigações	-	-	-	* 88,734	* 86,672	* 48,003	* 58,239	* 60,166	* 53,331	* 11,201	* 58,349	* 72,653	* 129,076	* 58,349	* 76,686	* 69,778	* 58,790	* 27,390	* 28,839	* 89,434	* 86,572	* 68,352	* 8,762	* 109,309
	Passivo Não Circulante	* 467,204	* 504,967	* 576,406	* 660,094	* 1,079,660	* 1,083,300	* 999,347	* 1,063,665	* 1,414,580	* 1,324,665	* 1,771,204	* 1,476,738	* 1,927,094	* 1,771,204	* 1,959,774	* 1,955,995	* 1,779,839	* 1,762,933	* 1,959,849	* 1,906,157	* 1,717,796	* 1,677,866	* 1,873,694	* 1,872,866
	Empréstimos e Financiamentos	* 117,543	* 155,929	* 218,244	* 276,316	* 348,576	* 417,379	* 409,885	* 482,972	* 525,472	* 505,327	* 496,114	* 622,887	* 593,879	* 496,114	* 640,767	* 678,219	* 662,139	* 636,617	* 850,337	* 822,066	* 799,052	* 762,508	* 958,933	* 958,889
	Debêntures	* 199,334	* 199,386	* 199,437	* 199,488	* 529,754	* 460,344	* 460,572	* 460,799	* 759,609	* 692,984	* 1,075,216	* 693,605	* 1,141,085	* 1,075,216	* 1,075,771	* 1,077,009	* 913,558	* 914,801	* 915,607	* 917,060	* 754,536	* 756,191	* 757,232	* 759,161
	Passivos com Partes Relacionadas	* 35,474	* 35,965	* 37,028	* 40,095	* 53,798	* 40,859	-	-	-	-	* 9,440	0.0	* 17,888	* 9,440	* 1,350	* 1,650	* 1,783	* 300	* 367	* 367	* 500	* 567	* 600	* 513
	Impostos e contribuições a pagar	* 14,932	* 17,185	* 18,054	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Contas a pagar	* 7,596	* 7,980	* 7,858	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Outros	-	-	-	* 22,640	* 18,855	* 28,757	* 16,362	* 13,513	* 16,902	* 9,351	* 21,905	* 21,567	* 21,238	* 21,905	* 65,410	* 55,697	* 58,424	* 41,725	* 26,925	* 4,326	* 3,873	* 2,889	* 4,087	* 1,301
	Tributos Diferidos	* 23,637	* 23,805	* 30,788	* 12,218	* 977	* 2,643	* 26,408	* 25,342	* 28,053	* 32,654	* 46,360	* 39,457	* 44,181	* 46,360	* 50,133	* 43,752	* 58,004	* 64,666	* 67,821	* 70,845	* 74,400	* 78,669	* 81,858	* 88,696
	Provisões	* 68,688	* 64,717	* 64,997	* 66,497	* 65,061	* 60,389	* 25,438	* 20,330	* 21,406	* 21,227	* 33,564	* 33,455	* 33,508	* 33,564	* 33,635	* 13,459	* 13,424	* 13,390	* 13,291	* 14,419	* 14,385	* 14,350	* 14,316	* 13,800
	Lucros e Receitas a Apropriar	-	-	-	* 42,840	* 62,639	* 72,929	* 60,682	* 60,709	* 63,138	* 63,122	* 88,605	* 65,767	* 75,315	* 88,605	* 92,708	* 86,209	* 72,507	* 91,434	* 85,501	* 77,074	* 71,050	* 62,692	* 56,668	* 50,506
	Patrimônio Líquido	1,405,538	1,440,220	1,479,615	1,488,258	1,518,945	1,544,956	1,571,685	1,578,861	1,603,173	1,642,011	2,226,538	1,773,269	1,827,316	2,226,538	2,306,667	2,317,533	2,365,190	2,402,226	2,480,866	2,493,805	2,541,185	2,577,989	2,636,918	2,633,980
	Capital Social Realizado	818,125	818,125	818,125	823,859	-	823,859	823,859	823,859	823,859	823,859	1,186,729	823,859	823,859	1,186,729	1,233,163	1,232,002	1,232,002	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313
	Reservas de Capital	* 457,622	* 457,638	* 457,585	* 453,818	* 453,008	* 453,470	* 483,960	* 455,148	* 447,256	* 451,784	* 469,454	* 464,767	* 467,244	* 469,454	* 458,185	* 457,623	* 457,220	* 458,890	* 470,907	* 473,382	* 476,250	* 471,243	* 472,514	* 473,233
	Reservas de Lucros	* 129,586	* 104,946	* 104,946	* 210,424	* 241,912	* 267,449	* 263,659	* 299,687	* 331,890	* 279,949	* 483,084	* 484,486	* 484,486	* 483,084	* 483,084	* 439,234	* 623,866	* 607,718	* 607,693	* 782,493	* 782,493	* 776,939	* 776,939	* 922,646
	Lucros / Prejuízos Acumulados	-	* 59,334	* 98,771	-	-	-	-	-	-	-	* 83,028	0.0	* 47,328	* 83,028	* 128,087	* 184,632	* 48,191	* 97,823	* 164,418	0.0	* 44,515	* 91,746	* 149,609	0.0
	Participação dos Acionistas Não Controladores	* 205	* 177	* 188	* 157	-	* 178	* 207	* 167	* 168	* 183	* 4,243	* 157	* 4,399	* 4,243	* 4,148	* 4,042	* 3,911	* 6,482	* 6,535	* 6,617	* 6,614	* 6,748	* 6,543	* 6,788
	Total Passivo	* 2,021,064	* 2,032,093	* 2,159,021	* 2,294,331	* 2,751,091	* 2,825,327	* 2,804,576	* 2,897,032	* 3,278,740	* 3,202,899	* 4,301,495	* 3,572,196	* 4,132,593	* 4,301,495	* 4,589,691	* 4,657,949	* 4,633,575	* 4,592,684	* 4,849,689	* 4,911,344	* 4,721,173	* 4,742,270	* 4,910,671	* 5,057,550
	0.0	0.0
	Balanço Patrimonial Consolidado Contábil
	ATIVO (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Ativo Circulante	* 662,316	* 619,116	* 668,308	* 723,472	* 1,090,149	* 1,041,299	* 935,768	* 837,686	* 1,159,586	* 962,544	* 1,404,090	* 1,063,686	* 1,422,810	* 1,404,090	* 1,446,068	* 1,293,900	* 1,153,691	* 787,795	* 964,488	* 900,267	* 623,062	* 571,245	* 647,895	* 625,173	* 527,350	* 538,759	* 707,845	* 755,200	* 509,401	* 502,703	* 742,693
	Disponibilidades	* 618,027	* 557,788	* 592,831	* 628,246	* 1,004,289	* 942,908	* 830,561	* 721,488	* 1,048,966	* 784,842	* 1,261,990	* 929,742	* 1,281,906	* 1,261,990	* 1,280,712	* 1,057,145	* 942,703	* 560,430	* 682,059	* 656,490	* 411,449	* 368,580	* 419,859	* 392,936	* 291,091	* 300,511	* 465,718	* 556,916	* 330,410	* 323,899	* 524,713
	Contas a Receber	* 28,477	* 41,462	* 52,982
* 70,319	* 66,611	* 75,206	* 83,514	* 90,021	* 80,732	* 81,373	* 102,092	* 93,206	* 94,875	* 102,092	* 109,055	* 193,428	* 177,731	* 183,303	* 203,223	* 186,650	* 148,554	* 137,769	* 165,875	* 176,220	* 172,719	* 179,965	* 172,328	* 154,497	* 123,595	* 132,708	* 143,587
	Tributos a Recuperar	* 9,023	* 10,511	* 11,191	* 13,589	* 12,883	* 15,099	* 13,683	* 19,586	* 17,834	* 26,630	* 25,882	* 30,321	* 31,698	* 25,882	* 26,612	* 33,724	* 21,744	* 25,425	* 41,745	* 27,951	* 26,264	* 26,960	* 25,518	* 21,944	* 21,230	* 19,497	* 24,289	* 23,133	* 22,085	* 20,803	* 41,621
	Despesas Antecipadas	* 67	* 119	* 20	* 651	* 2,129	* 1,933	* 1,413	* 216	* 4,145	* 3,626	* 2,901	* 522	* 3,761	* 2,901	* 1,207	* 627	* 2,681	* 8,757	* 4,255	* 6,431	* 11,913	* 10,063	* 8,360	* 6,844	* 14,138	* 11,901	* 9,494	* 7,753	* 15,069	* 12,213	* 10,241
	Outros Ativos Circulantes	* 6,722	* 9,236	* 11,284	* 10,667	* 4,237	* 6,153	* 6,597	* 6,375	* 7,909	* 66,073	* 11,225	* 9,895	* 10,570	* 11,225	* 28,482	* 8,976	* 8,832	* 9,880	* 33,206	* 22,745	* 24,882	* 27,873	* 28,283	* 27,229	* 28,172	* 26,885	* 36,016	* 12,901	* 18,242	* 13,080	* 22,531
	Ativo Não Circulante	* 1,358,748	* 1,412,977	* 1,490,713	* 1,570,859	* 1,660,942	* 1,784,028	* 1,868,808	* 2,059,346	* 2,119,154	* 2,240,355	* 2,846,446	* 2,466,464	* 2,646,932	* 2,846,446	* 3,102,290	* 3,324,923	* 3,441,895	* 3,804,568	* 3,885,221	* 4,010,701	* 4,097,579	* 4,170,408	* 4,262,165	* 4,431,845	* 4,457,707	* 4,461,485	* 4,487,977	* 4,475,434	* 4,527,723	* 4,531,646	* 4,530,111
	Ativo Realizável a Longo Prazo	* 92,825	* 104,964	* 115,511	* 50,280	* 46,588	* 72,232	* 85,834	* 83,478	* 82,811	* 126,260	* 258,534	* 240,933	* 266,200	* 258,534	* 295,731	* 195,231	* 205,556	* 188,548	* 196,771	* 224,812	* 255,416	* 270,491	* 274,424	* 292,333	* 288,611	* 297,452	* 325,100	* 307,842	* 348,991	* 360,254	* 363,508
	Aplicações Financieras	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0	0.0	0.0	0.0	* 33,724	* 35,401	* 35,936
	Créditos Diversos	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0	* 72,231	* 76,917	0.0	0.0	0.0	0.0
	Contas a Receber	* 28,477	* 41,462	* 52,982	* 20,781	* 20,552	* 31,358	* 30,773	* 28,946	* 27,095	* 56,066	* 72,127	* 63,032	* 98,506	* 72,127	* 73,884	* 28,986	* 32,254	* 42,561	* 31,331	* 71,575	* 62,969	* 65,701	* 65,798	* 83,855	* 72,228	* 72,231	* 76,917	* 84,668	* 80,206	* 79,484	* 78,922
	Tributos Diferidos	* 8,165	* 8,165	* 8,219	* 8,822	* 8,578	* 9,590	* 9,810	* 9,535	* 10,152	* 11,975	* 17,936	* 15,717	* 17,889	* 17,936	* 19,209	* 20,572	* 24,185	* 32,781	* 43,849	* 40,214	* 51,478	* 57,993	* 67,399	* 68,672	* 76,647	* 88,662	* 100,806	* 104,740	* 118,727	* 126,804	* 132,991
	Créditos com Partes Relacionadas	* 32,694	* 38,442	* 36,776	* 15,603	* 12,489	* 26,420	* 39,096	* 38,641	* 40,489	* 52,149	* 89,555	* 124,587	* 125,080	* 89,555	* 83,275	* 107,433	* 108,059	* 68,827	* 76,021	* 104,626	* 128,209	* 134,097	* 129,731	* 130,084	* 129,977	* 126,240	* 137,114	* 101,604	* 99,683	* 101,838	* 99,166
	Outros créditos 1	* 5,571	* 8,996	* 10,982	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Outros Ativos Não Circulantes	* 17,918	* 7,899	* 6,552	* 5,074	* 4,969	* 4,864	* 6,155	* 6,356	* 5,075	* 6,070	* 78,916	* 37,597	* 24,725	* 78,916	* 119,363	* 38,240	* 41,058	* 44,379	* 45,570	* 8,397	* 12,760	* 12,700	* 11,496	* 9,722	* 9,759	* 10,319	* 10,263	* 16,830	* 16,651	* 16,727	* 16,493
	Investimentos	* 651	* 308	* 441	* 1,400,897	* 1,496,669	* 1,593,087	* 1,659,787	* 1,846,533	* 1,908,961	* 1,985,052	* 2,458,519	* 2,094,937	* 2,250,622	* 2,458,519	* 2,677,854	* 3,001,086	* 3,110,028	* 3,490,105	* 3,563,486	* 3,660,875	* 3,717,778	* 3,776,994	* 3,865,268	* 4,017,380	* 4,041,192	* 4,038,231	* 4,038,325	* 4,044,136	* 4,056,429	* 4,050,232	* 4,046,626
	Participações Societárias	0.0	0.0	0.0	* 924	0.0	* 981	* 899	* 979	* 979	* 1,058	* 210,071	* 171,764	* 174,940	* 210,071	* 227,286	* 228,226	* 228,473	* 13,581	* 13,839	* 13,593	* 13,753	* 13,532	* 13,706	* 17,373	* 18,361	* 18,584	* 18,301	* 18,334	* 19,153	* 19,397	* 19,102
	Propriedades para Investimento	0.0	0.0	0.0	* 1,399,973	0.0	* 1,592,106	* 1,658,888	* 1,845,554	* 1,907,982	* 1,983,994	* 2,248,448	* 1,923,173	* 2,075,682	* 2,248,448	* 2,450,568	* 2,772,860	* 2,881,555	* 3,476,524	* 3,549,647	* 3,647,282	* 3,704,025	* 3,763,462	* 3,851,562	* 4,000,007	* 4,022,831	* 4,019,647	* 4,020,024	* 4,025,802	* 4,037,276	* 4,030,835	* 4,027,524
	Imobilizado	* 1,165,473	* 1,203,839	* 1,269,773	* 13,743	* 10,821	* 10,551	* 13,589	* 18,809	* 17,969	* 20,167	* 20,325	* 21,726	* 21,071	* 20,325	* 19,966	* 19,846	* 19,103	* 20,336	* 20,281	* 19,970	* 19,589	* 19,134	* 19,526	* 19,530	* 24,874	* 24,020	* 23,922	* 23,026	* 22,636	* 22,200	* 21,490
	Intangível	* 99,799	* 103,866	* 104,988	* 105,939	* 106,864	* 108,158	* 109,598	* 110,526	* 109,413	* 108,876	* 109,068	* 108,868	* 109,039	* 109,068	* 108,739	* 108,760	* 107,208	* 105,579	* 104,683	* 105,044	* 104,796	* 103,789	* 102,947	* 102,602	* 103,030	* 101,782	* 100,630	* 100,430	* 99,667	* 98,960	* 98,487
	Total Ativo	* 2,021,064	* 2,032,093	* 2,159,021	* 2,294,331	* 2,751,091	* 2,825,327	* 2,804,576	* 2,897,032	* 3,278,740	* 3,202,899	* 4,250,536	* 3,530,150	* 4,069,742	* 4,250,536	* 4,548,358	* 4,618,823	* 4,595,586	* 4,592,363	* 4,849,709	* 4,910,968	* 4,720,641	* 4,741,653	* 4,910,060	* 5,057,018	* 4,985,057	* 5,000,244	* 5,195,822	* 5,230,634	* 5,037,124	* 5,034,349	* 98,487
	
	
	PASSIVO (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Passivo Circulante	148,322	86,906	103,000	145,979	152,486	197,071	233,544	254,506	260,987	236,223	293,624	311,521	367,079	294,140	313,553	375,564	478,914	427,504	409,361	511,373	462,160	486,362	400,048	550,685	445,164	481,499	391,391	428,613	364,579	415,804	345,538
	Obrigações Sociais e Trabalhistas	10,546	6,381	11,814	12,968	6,927	10,124	13,863	15,754	10,684	13,875	14,429	20,477	23,497	14,429	16,394	21,836	16,049	17,271	18,371	20,883	14,199	19,416	23,228	26,977	18,157	23,495	26,536	23,172	15,866	20,486	22,532
	Fornecedores	* 9,693	* 7,810	* 9,906	* 8,741	* 14,759	* 16,390	* 29,124	* 20,549	* 24,000	* 19,043	* 18,562	* 12,223	* 16,817	* 18,562	* 24,098	* 29,442	* 25,562	* 40,921	* 37,682	* 40,654	* 38,237	* 29,364	* 24,858	* 29,212	* 35,581	* 13,860	* 12,838	* 11,374	* 11,372	* 8,681	* 11,403
	Obrigações Fiscais	* 14,656	* 13,209	* 17,494	* 12,949	* 15,889	* 18,981	* 21,582	* 17,913	* 15,034	* 14,922	* 13,489	* 25,385	* 17,460	* 13,489	* 16,893	* 36,904	* 21,964	* 21,017	* 28,630	* 23,163	* 19,629	* 19,168	* 21,312	* 20,041	* 25,035	* 35,227	* 34,111	* 19,704	* 24,733	* 32,955	* 58,700
	Empréstimos e Financiamentos	* 18,455	* 20,729	* 20,708	* 20,840	* 20,931	* 22,173	* 33,038	* 59,185	* 76,918	* 87,703	* 93,909	* 96,303	* 103,877	* 93,909	* 100,349	* 111,575	* 111,871	* 115,675	* 113,290	* 125,751	* 126,605	* 143,566	* 140,838	* 151,320	* 147,239	* 148,220	* 142,197	* 134,499	* 105,345	* 105,246	* 84,460
	Debêntures	* 5,800	* 1,451	* 7,249	* 1,747	* 7,308	* 81,400	* 77,698	* 80,939	* 81,020	* 89,479	* 96,132	* 84,914	* 77,073	* 96,132	* 79,960	* 106,034	* 245,013	* 205,302	* 179,126	* 211,489	* 176,940	* 206,498	* 181,052	* 213,830	* 163,406	* 189,739	* 165,586	* 191,095	* 158,396	* 174,612	* 158,018
	Dividendos e juros sobre o capital próprio propostos	* 46,765	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Provisões	* 42,407	* 37,326	* 35,829	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Outras Obrigações	0.0	0.0	0.0	* 88,734	* 86,672	* 48,003	* 58,239	* 60,166	* 53,331	* 11,201	* 57,103	* 72,219	* 128,355	* 57,619	* 75,859	* 69,773	* 58,455	* 27,318	* 29,262	* 89,433	* 86,550	* 68,350	* 8,760	* 109,305	* 55,746	* 70,958	* 10,123	* 48,769	* 48,867
* 73,824	* 10,425
	Passivo Não Circulante	* 467,204	* 504,967	* 576,406	* 660,094	* 1,079,660	* 1,083,300	* 999,347	* 1,063,665	* 1,414,580	* 1,324,665	* 1,730,374	* 1,441,128	* 1,875,347	* 1,729,858	* 1,928,138	* 1,925,726	* 1,751,482	* 1,762,633	* 1,959,482	* 1,905,790	* 1,717,296	* 1,677,302	* 1,873,094	* 1,872,353	* 1,867,567	* 1,829,408	* 2,071,732	* 2,060,483	* 1,895,565	* 1,868,063	* 2,129,342
	Empréstimos e Financiamentos	* 117,543	* 155,929	* 218,244	* 276,316	* 348,576	* 417,379	* 409,885	* 482,972	* 525,472	* 505,327	* 496,114	* 622,887	* 593,879	* 496,114	* 640,767	* 678,219	* 662,139	* 636,617	* 850,337	* 822,066	* 799,052	* 762,508	* 958,933	* 958,889	* 1,103,988	* 1,077,673	* 1,322,145	* 1,300,298	* 1,285,648	* 1,270,208	* 1,527,626
	Debêntures	* 199,334	* 199,386	* 199,437	* 199,488	* 529,754	* 460,344	* 460,572	* 460,799	* 759,609	* 692,984	* 1,075,216	* 693,605	* 1,141,085	* 1,075,216	* 1,075,771	* 1,077,009	* 913,558	* 914,801	* 915,607	* 917,060	* 754,536	* 756,191	* 757,232	* 759,161	* 611,162	* 612,674	* 613,663	* 614,154	* 465,093	* 465,696	* 465,953
	Passivos com Partes Relacionadas	* 35,474	* 35,965	* 37,028	* 40,095	* 53,798	* 40,859	-	-	-	-	* 516	0.0	-	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Outros	* 22,528	* 25,165	* 25,912	* 22,640	* 18,855	* 28,757	* 16,362	* 13,513	* 16,902	* 9,351	* 21,852	* 21,486	* 21,171	* 21,852	* 65,372	* 55,675	* 58,415	* 41,725	* 26,925	* 4,326	* 3,873	* 2,892	* 4,087	* 1,301	* 1,233	* 1,221	* 1,152	* 1,028	* 953	* 871	* 1,395
	Tributos Diferidos	* 23,637	* 23,805	* 30,788	* 12,218	* 977	* 2,643	* 26,408	* 25,342	* 28,053	* 32,654	* 41,653	* 34,458	* 39,231	* 41,653	* 45,619	* 39,597	* 54,144	* 64,666	* 67,821	* 70,845	* 74,400	* 78,669	* 81,858	* 88,696	* 92,797	* 85,004	* 88,250	* 104,299	* 109,162	* 97,623	* 103,852
	Provisões	* 68,688	* 64,717	* 64,997	* 66,497	* 65,061	* 60,389	* 25,438	* 20,330	* 21,406	* 21,227	* 33,564	* 33,455	* 33,508	* 33,564	* 33,635	* 13,459	* 13,424	* 13,390	* 13,291	* 14,419	* 14,385	* 14,350	* 14,316	* 13,800	* 13,800	* 13,800	* 13,800	* 14,031	* 14,055	* 14,055	* 14,053
	Lucros e Receitas a Apropriar	0.0	0.0	0.0	* 42,840	* 62,639	* 72,929	* 60,682	* 60,709	* 63,138	* 63,122	* 61,459	* 35,237	* 46,473	* 61,459	* 66,974	* 61,767	* 49,802	* 91,434	* 85,501	* 77,074	* 71,050	* 62,692	* 56,668	* 50,506	* 44,587	* 39,036	* 32,722	* 26,673	* 20,654	* 19,610	* 16,463
	Patrimônio Líquido	1,405,538	1,440,220	1,479,615	1,488,258	1,518,945	1,544,956	1,571,685	1,578,861	1,603,173	1,642,011	2,226,538	1,777,501	1,827,316	2,226,538	2,306,667	2,317,533	2,365,190	2,402,226	2,480,866	2,493,805	2,541,185	2,577,989	2,636,918	2,633,980	2,672,326	2,689,337	2,732,699	2,741,538	2,776,980	2,750,482	2,797,924
	Capital Social Realizado	818,125	818,125	818,125	823,859	-	823,859	823,859	823,859	823,859	823,859	1,186,729	823,859	823,859	1,186,729	1,233,163	1,232,002	1,232,002	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313	1,231,313
	Reservas de Capital	* 457,622	* 457,638	* 457,585	* 453,818	* 453,008	* 453,470	* 483,960	* 455,148	* 447,256	* 451,784	* 469,454	* 464,767	* 467,244	* 469,454	* 458,185	* 457,623	* 457,220	* 458,890	* 470,907	* 473,382	* 476,250	* 471,243	* 472,514	* 473,233	* 473,580	* 470,751	* 474,234	* 472,386	* 457,799	* 462,528	* 457,438
	Reservas de Lucros	* 129,586	* 104,946	* 104,946	* 210,424	* 241,912	* 267,449	* 263,659	* 299,687	* 331,890	* 279,949	* 483,084	* 484,486	* 484,486	* 483,084	* 483,084	* 623,866	* 623,866	* 607,716	* 607,693	* 782,493	* 782,493	* 776,939	* 776,939	* 922,646	* 922,646	* 908,031	* 908,031	* 1,031,238	* 1,031,238	* 949,614	* 949,614
	Lucros / Prejuízos Acumulados	0.0	* 59,334	* 98,771	0.0	0.0	0.0	0.0	0.0	0.0	0.0	* 83,028	0.0	* 47,328	* 83,028	* 128,087	0.0	* 48,191	* 97,823	* 164,418	0.0	* 44,515	* 91,746	* 149,609	0.0	* 38,209	* 72,629	* 112,685	0.0	* 50,010	* 100,378	* 152,794
	Participação dos Acionistas Não Controladores	* 205	* 177	* 188	* 157	0.0	* 178	* 207	* 167	* 168	* 183	* 4,243	* 4,389	* 4,399	* 4,243	* 4,148	* 4,042	* 3,911	* 6,484	* 6,535	* 6,617	* 6,614	* 6,748	* 6,543	* 6,788	* 6,578	* 6,613	* 6,436	* 6,601	* 6,620	* 6,649	* 6,765
	Total Passivo	* 2,021,064	* 2,032,093	* 2,159,021	* 2,294,331	* 2,751,091	* 2,825,327	* 2,804,576	* 2,897,032	* 3,278,740	* 3,202,899	* 4,250,536	* 3,530,150	* 4,069,742	* 4,250,536	* 4,548,358	* 4,618,823	* 4,595,586	* 4,592,363	* 4,849,709	* 4,910,968	* 4,720,641	* 4,741,653	* 4,910,060	* 5,057,018	* 4,985,057	* 5,000,244	* 5,195,822	* 5,230,634	* 5,037,124	* 5,034,349	* 5,272,804
&G		
Fluxo de Caixa
	Fluxo de Caixa	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	1T13	2T13	3T13	4T13	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Demonstração de Fluxo de Caixa Gerencial
	Consolidado (R$ mil)	1T10	2T10	3T10	4T10	1T11	2T11	3T11	4T11	1T12	2T12	3T12	4T12	 1T13 	 2T13 	 3T13 	 4T13 	1T14	2T14	3T14	4T14	1T15	2T15	3T15	4T15	1T16	2T16	3T16	4T16	1T17	2T17	3T17
	Caixa Líquido Atividades Operacionais	* 58,825	* 13,375	* 51,877	* 82,984	* 70,196	* 52,006	* 43,393	* (71,257)	* 47,334	* (41,727)	* 39,346	* 63,196	* 93,994	* 58,461	* 55,466	* (39,525)	* 112,223	* 137,769	* 47,407	* 125,475	* 106,326	* 104,910	* 165,372	* 170,442
	Caixa Gerado nas Operações	* 36,712	* 53,092	* 61,459	* 49,991	* 57,588	* 68,162	* 107,560	* 69,048	* 75,962	* 99,145	* 16,510	* 108,340	* 92,527	* 92,024	* 100,222	* 394,168	* 140,510	* 109,572	* 72,505	* 136,263	* 109,239	* 129,937	* 105,571	* 122,824
	Lucro Líquido do Exercício	* 27,216	* 37,723	* 42,891	* 52,829	* 31,497	* 42,991	* 30,696	* 46,811	* 32,214	* 54,038	* 128,950	* 53,096	* 47,338	* 35,544	* 56,439	* 184,285	* 48,191	* 49,632	* 66,595	* 66,291	* 45,128	* 47,900	* 58,443	* 42,186
	Depreciação e Amortização	* 4,414	* 5,537	* 5,209	* (8,400)	* 5,056	* 6,010	* 6,523	* 8,142	* 8,357	* 9,507	* 11,209	* 11,594	* 11,892	* 12,058	* 16,876	* 54,085	* 18,571	* 21,827	* 21,326	* 23,856	* 24,336	* 25,184	* 25,918	* 27,307
	Ganho ou Perda na alienação de Ativo Permanente	* 278	* 369	* 1,386	* 92	-	* 20	* (1)	 - 	-	-	* (156,857)	* 3,474	* 1,854	* 659	* (969)	 - 	* 429	-	* 308	* 220	* 272	* 416	* (17,237)	* (12,893)
	Resultado de Equivalência Patrimonial	-	-	-	-	-	-	-	 - 	-	-	-	0.0	 - 	 - 	 - 	 - 	-	* (395)	* 395	0.0	0.0	0.0	0.0	0.0
	Variações Monetárias, Líquidas	* 4,564	* 12,145	* 6,309	* 14,369	* 11,399	* 31,294	* 31,618	* 25,311	* 35,081	* 30,874	* 17,152	* 42,164	* 28,112	* 41,443	* 49,774	* 161,288	* 59,215	* 56,859	* (3,026)	* 59,068	* 46,670	* 63,290	* 45,349	* 62,438
	Provisões para riscos fiscais, trab. e cíveis	-	* (6,757)	* 155	* 785	* (1,661)	* (4,856)	* 24,108	* (6,201)	* 870	* (201)	* 12,316	* (270)	* (64)	* (43)	* (20,832)	* (20,974)	-	-	0.0	0.0	0.0	0.0	0.0	0.0
	Imposto de Renda e Contribuição Social Diferidos	* 681	* 1,104	* 834	* (533)	* 576	* 638	* 7,642	* (1,017)	* 95	* 4,795	* (2,122)	* (426)	* 1,705	* 3,272	* (4,113)	* 2,872	* 2,298	* (2,850)	* (17,626)	* (3,039)	* (5,810)	* (777)	* (3,525)	* 7,511
	Provisão para Pagamento Baseado em Ações	* 399	* 16	* (53)	* 715	* 73	* 464	* 134	* 2,193	* 292	* 174	* 6,500	* 3,422	* 1,858	* 2,210	* 2,351	* 8,559	* 1,206	* 776	* 1,770	* 1,251	* 512	* 927	* 718	* 719
	Provisão para Programa de Bonificação	* 679	* 1,568	* 4,627	* 1,659	* 1,654	* 2,427	* 2,788	* 2,482	* 755	* (118)	* 6,210	* 5,075	* 2,569	* 1,985	* 4,999	* 11,419	* 2,010	-	* 5,776	* 2,640	* 3,859	* 2,116	* 2,983	* 3,197
	Provisão para créditos de liq. duvidosa	* (1,508)	* 1,399	* 90	* (9,750)	* 758	* 2,008	* (610)	* 193	* 422	* 1,871	* (2,408)	* (120)	* 48	* 613	* 2,136	* 3,045	* 995	* 269	* 6,120	* (1,025)	* 3,944	* 1,261	* 1,405	* 1,018
	Receitas Diferidas	-	-	0.0	* (1,483)	* 8,245	* (12,822)	* 4,577	 - 	* (2,144)	* (2,326)	* (4,226)	0.0	* (2,785)	* (5,846)	* (7,088)	* (12,022)	* 7,646	* (17,094)	* (9,952)	* (13,820)	* (9,224)	* (9,540)	* (10,446)	* (8,950)
	Amortização dos Custos de Captação	-	-	-	-	-