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São Carlos Announces its 3Q18 Results

São Paulo, Brazil - November 07th, 2018 - São Carlos Empreendimentos e Participações S.A. (B3: SCAR3), announces today its third quarter of 2018 results.

To access the Earnings Release, click here.

MAIN HIGHLIGHTS

  • Market value of portfolio reaches R$4.1 billion, a growth of 4.8% in the last 12 months, considering the same asset base - as appraised by CBRE consultancy in September 2018
  • NAV (net asset value) amounts to R$3.2 billion, or R$56.2 per share, a growth of 3.1% compared to 3Q17
  • Net debt reduces to R$986.5 million, impacted by the prepayment of financing with funds from asset sales. Net debt over portfolio value (LTV) reaches 24%
  • Recurring gross revenues from leases totals R$59.8 million, up by 5.3% when compared to 3Q17 on a same-property basis.
  • Recurring EBITDA reaches R$43.3 million and recurring FFO reaches R$13.7 million in the quarter. High profitability levels with EBITDA margin of 76.2% nd FFO margin of 24.1%
  • Portfolio closes 3Q18 with physical and financial vacancy rates of 12.6%, a decrease of 0.4 pp and 0.5 pp, respectively, when compared to 2Q18



São Carlos is pleased to invite you to join its 3Q18 Results Conference Call:

Portuguese
November 08th, 2018
10:00 (Brasília time)
07:00 (US EST)
Phone: +55 (11) 3127-4971
Code: São Carlos
Replay phone: +55 (11) 3127-4999
Replay Code: 61824876
Webcast: click here

Participants are requested to connect ten minutes prior to the time set for the conference calls.

Slides and webcast: A slide presentation will be available for viewing and downloading in our website www.scsa.com.br/ir. The conference call in Portuguese will be live broadcast over the Internet on the same website, remaining available after the event.

For additional information, contact the Investor Relations Office:

Investor Relations Department
Phone: +55 (11) 3048-5419
E-mail: ri@scsa.com.br
Website: www.scsa.com.br/ir

About São Carlos Empreendimentos
São Carlos Empreendimentos is one of the main companies in the sector of investment and administration of commercial properties in Brazil. Its goal is to maximize rental revenues and the real estate portfolio´s market value. Our business strategy includes investing in commercial properties, retrofitting our real estate and increasing rent, and disposing of already matured properties. We currently have a portfolio which includes mostly class A office buildings and retail stores, located in the States of São Paulo and Rio de Janeiro.

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