I N V E S T O R R E L A T I O N S
SYN prop e tech S.A. ("SYN" or "Company"), one of the main investments, leasing and sale of commercial properties in Brazil, announces its results for the first quarter of 2026. The results presented herein consist of managerial information (proforma) -except when indicated - and must be read accompanied by the Financial Statements and Respective Notes, published by the Company on this date and available on Company's IR website.
Teleconference
(Simultaneous Translation into English)
Date: May 15, 2026
Time: 10:00 am NY | 11:00 am Brasília
Conference Link: Click here
US Phone: +1 646 558 8656 or +1 646 931 3860
Brazil phone: +55 (11) 4700 9668 / +55 (21) 3958 7888
SUMMARY
Summary Indicators 04
Financial and Operational Indicators 04
Achievements 05
Operational Performance 06
Occupancy Rates 06
Shopping Malls 07
Corporate Buildings 09
Warehouses 10
Financial Performance (Proforma) 11
Net Revenue 11
Costs 12
NOI 13
Financial Result 14
Net Income 15
Adjusted FFO 16
Adjusted EBITDA 17
Liquidity and Indebtedness (Proforma) 18
Financial Statements (Proforma) 21
Capital Stock and Shareholders' Equity 24
About SYN 25
Appendices 26
3
1. SUMMARY INDICATORS
FINANCIAL INDICATORS
PROFORMA R$ million | 1Q26 | 1Q25 | Var. % |
Adjusted Net Revenue | 60.1 | 55.1 | 9.2% |
Same Properties NOI | 24.7 | 22.3 | 10.6% |
Adjusted EBITDA | 25.8 | 20.0 | 28.7% |
Adjusted EBITDA Margin (ex Park Place) | 64.8% | 56.6% | 8.2 pp. |
Adjusted FFO | 12.0 | 10.4 | 14.7% |
Adjusted FFO Margin | 19.9% | 18.9% | 1.0 pp. |
Adjusted Net Income | 8.4 | 6.7 | 24.4% |
Adjusted Net Margin | 13.9% | 12.2% | 1.7 pp. |
OPERATIONAL INDICATORS
1Q26 | 1Q25 | Var. % | |
Physical Occupancy (SYN portfolio) ¹ | 97.0% | 94.9% | 2.0 pp. |
Financial Occupancy (SYN portfolio) ¹ | 96.5% | 94.4% | 2.2 pp. |
Own Portfolio ('000 sqm) | 105.6 | 95.1 | 11.1% |
Portfolio Under Management ('000 sqm) | 303.2 | 369.8 | -18.0% |
¹ Disregarding the ITM asset.
4 SUMMARY
ACHIEVEMENTS
GREAT PLACE TO WORK INDEX- B3
SYN is now part of B3's Great Place to Work Index ("IGPTW") portfolio, which brings together listed companies certified by GPTW, recognized for people management practices, organizational culture and excellence in the work environment. This inclusion recognizes the Company's efforts to build a sustainable corporate environment, in line with the best governance practices.
COMPLETION OF THE CLD WORKS
The works of the CLD logistics warehouse were completed in March 2026, with the issuance of the "Habite-se" of the fourth and final phase of the project. The complex, consisting of four phases totaling 129 thousand m² of leasable area, is 100% leased. See page 10 for details.
5
SUMÁRIO