Iguatemi S.A.
IGTI3.SA
B3 S.A.3.48
BRL
-0.07
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Iguatemi S.A.
IGTI3.SA
(B3 S.A.)
Recent
price
3.48
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Iguatemi S.A. is a Brazil-based holding company engaged primarily in the creation, planning, development, and management of shopping centers, premium outlets, and mixed-use real estate complexes. The company operates through its subsidiary Iguatemi Empresa de Shopping Centers S.A., offering commercial exploration and administration of regional shopping centers, mixed-use developments including commercial towers, property purchase and sale, rotating parking lot operations, leasing mediation for promotional spaces, and preparation of marketing and project planning studies. Iguatemi’s portfolio comprises 22 properties, including 17 shopping malls and premium outlets, with a total gross leasable area of approximately 657,000 square meters, serving over 3,000 stores nationwide, mainly in Brazil’s major consumption regions such as São Paulo and Rio de Janeiro. Founded in 1946 and headquartered in São Paulo, Iguatemi is controlled by the Jereissati Group and listed on B3 under the ticker IGTI3. In the last two years, Iguatemi has significantly expanded its portfolio and market presence through strategic acquisitions, including assets from Brookfield, enhancing its leadership in the premium retail segment. The company acts as a gateway for international luxury brands, hosting 56% of these brands’ stores in Brazil, and continues to introduce first-in-country brands such as H&M and Comme des Garçons. Iguatemi reported strong sales growth with a 22% increase year-on-year, reaching BRL 6 billion in Q3 2025, bolstered by new malls like Rio Sul and Pátio Paulista, and maintaining a high occupancy rate of 96.1% with rents per square meter growing 16.7%. The company also focuses on innovation and customer experience, investing in mixed-use projects and retail events with phased deliveries planned through 2028. Additionally, Iguatemi emphasizes sustainability and corporate responsibility, being a signatory to the UN Global Compact since 2022 and included in the B3 Corporate Sustainability Index in 2023. Iguatemi’s business segments include shopping malls, premium outlets, commercial towers, and related services such as leasing and parking management. The company derives revenue primarily from leasing retail spaces and property administration, with diversified income streams including temporary rentals, sponsorship, and digital media. Its target markets are primarily premium and luxury retail brands alongside large national chains, serving both consumers and tenant retailers. Iguatemi continues to pursue portfolio qualification and growth through disciplined capital allocation and strategic M&A, especially in key urban centers like Brasília, São Paulo, and Campinas, where it has launched notable mixed-use developments such as Casa Figueira. The company was founded in 1946 in São Paulo and maintains an extensive presence throughout Brazil’s main economic regions, aiming to lead in retail real estate and sustainable urban development.