Real Estate - Shopping Centers & Commercial Real Estate
Strategic Profile
The company reports four segments: Properties for lease, Real estate for sale, Projects, and Management and other, deriving key revenue from the Properties for lease segment which represents income from renting out spaces in malls and office buildings. The company operates properties in Belo Horizonte, Ribeirao Preto, Rio de Janeiro, Sao Paulo, Brasilia, Curitiba, Porto Alegre, Sao Caetano, Jundiai, Maceio, and Canoas, Brazil.
Cyborg Score Rationale
Multiplan trades at a PE ratio of 15.30 with a market cap of 17.2B BRL, demonstrating stable valuation metrics. The company's diversified revenue streams from rental properties, development, and services provide revenue stability. However, exposure to Brazilian macroeconomic cycles presents headwinds.
Top Insights
As of end 2022, the company holds a portfolio of 20 shopping centers and 2 office towers with total gross leasable area of 931,434 m².
Forward dividend yield of 3.48% with target price estimate of 36.29 BRL suggests modest upside potential.
2024 revenue of $472.1M represented 25.4% growth versus 2023.
ISS Governance QualityScore of 8 with Board score of 8 indicates strong governance structure.
Named Competitors
Shopping Centers and Office REIT Portfolio — Major competitor in Brazilian shopping center REITs
Property and Technology Services — Real estate services competitor
Real Estate Construction and Development — Developer competitor in Brazilian real estate market
Recent Developments
(February 2026) Market cap of approximately 17.2B BRL at current trading price of 35.80 BRL per share
(Q4 2025) Earnings release scheduled for February 4, 2026
(2024) Revenue growth of 25.4% year-over-year to $472.1M demonstrating strong market recovery
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