# Multiplan Posts R$383.17 Million Third-Quarter Profit, Up 73.3% on Property Sales

> Multiplan's third-quarter net profit rose 73.3% to R$383.17 million as property sales and rent revenue grew and leverage fell to 1.76 times.

- Published: 2026-10-29T22:10:46+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-29/multiplan-third-quarter-profit-jump
- Source: [Estadao](https://www.estadao.com.br/einvestidor/cenarios-e-mercado/multiplan-ve-lucro-disparar-73-e-superar-r-380-milhoes-no-trimestre-veja-o-que-impulsionou-a-alta/)

## Key takeaways

- Multiplan's net profit reached R$383.17 million in the third quarter of 2026, up 73.3% year over year.
- Net revenue rose 37% to R$846 million, with property sales jumping 209.4% to R$288.34 million.
- Net debt fell to R$4.44 billion, cutting leverage to 1.76 times from 2.26 times a year earlier.

Multiplan Empreendimentos Imobiliarios reported net profit of R$383.17 million for the third quarter of 2026, up 73.3% from a year earlier, according to [Estadao](https://www.estadao.com.br/einvestidor/cenarios-e-mercado/multiplan-ve-lucro-disparar-73-e-superar-r-380-milhoes-no-trimestre-veja-o-que-impulsionou-a-alta/). The Brazilian shopping center operator owns a network of 20 malls.

## Multiplan's Revenue and Property Sales Growth

Ebitda rose 37.3% to R$598.19 million, with a margin of 70.7%, up 1.7 percentage points. Net revenue totaled R$846 million, a 37% increase. The company said Ebitda growth was driven by strong revenue from property sales, parking, services and leasing, while costs benefited from a 20.1% reduction in project expenses for leasing and dilution of headquarters expenses.

Mall space rental revenue grew 2.8% to R$443.58 million, helped by same-store rent growth and three expansions delivered: Parque Shopping Maceio, MorumbiShopping and BH Shopping, plus the acquisition of an additional 7.5% stake in BarraShopping. Parking revenue rose 17.5% to R$99.59 million, and services revenue increased 9.6% to R$47 million. Property sales jumped 209.4% to R$288.34 million, largely from R$250 million obtained through the sale of a 9.33% stake in ParkShoppingBarigui.

Funds from operations reached R$405.3 million, up 70%, with an FFO margin of 47.9%, 9.31 percentage points higher. Net debt ended the quarter at R$4.44 billion, with leverage at 1.76 times versus 2.26 times a year earlier.

## Multiplan's Dividends and Real Estate Expansion

In September 2026, Multiplan said it would pay R$120 million in dividends on September 21 to shareholders registered on September 26, 2025, corresponding to R$0.24559842645 per share, InfoMoney reported. Earlier that month, Morgan Stanley raised Multiplan to buy, citing shopping centers' cash-flow visibility over construction firms. In August 2026, Multiplan closed a public offering of R$300 million in real estate receivable certificates, InfoMoney reported.

## Estithmar and BKM Capital Earnings

Estithmar Holding Q.P.S.C. Reported third-quarter 2026 Ebitda up 15.4% to QAR 1.248 billion and net profit up 5.9% to QAR 744 million, [The Peninsula Newspaper](https://thepeninsulaqatar.com/article/28/10/2026/estithmar-holding-qpsc-posts-stronger-q3-earnings-while-advancing-qar-14bn-in-growth-investments) reported. BKM Capital Partners has spent $2.8 billion on 72 industrial assets this year, surpassing its $2.3 billion target, [Bisnow](https://www.bisnow.com/news/national/industrial/bkm-capital-partners-3b-light-industrial) reported.

## Multiplan's Next Steps

Multiplan's third-quarter balance sheet was published on October 29, 2026. The company's website lists its shopping centers and investor information at [Multiplan's investor relations page](https://www.multiplan.com.br).

## Companies in this story

- Multiplan Empreendimentos Imobiliarios · website: https://www.multiplan.com.br

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