Syn Prop & Tech S.A. (SYNE3) Earnings Call Transcripts

Syn Prop & Tech S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Syn Prop & Tech S.A. reported a notable operational performance, highlighted by a 10.6% increase in Net Operating Income (NOI) to BRL 24.7 million. The company achieved a revenue growth of 7% year-over-year, driven by strong performance in both shopping malls and corporate offices. Management maintained a positive outlook, emphasizing a focus on strategic investments despite macroeconomic challenges, with no changes to previous guidance.

Reported metrics

Guidance from management

Management maintained their guidance for the year, emphasizing a focus on operational efficiency and strategic investments, though they noted challenges in the current macroeconomic environment.

What management said

Well, for the second question, yes. But it's going to be a bit of a smaller expansion than what we considered initially. So we are around 1,500 or 1,000 square meters, but it's going to be much more productive to have this 1,000 square meter expansion and a rent price that actually has a great bottom line. About the first question that you asked about volume. Here, we weren't able to identify any specific reason for ...

Once again, I would like to thank everyone for your time to be here today. As I've stated in the beginning, we have had a great operational performance in our assets. Hector has been saying here as we've been doing a lot of capital structure with a lot of discipline and the new investments are currently depending on an improvement and finding the most favorable situation. And we're maintaining our position as a produ...

What analysts pressed on

Analysts expressed concerns regarding the company's debt repayment schedule in 2028, with a significant amount due. They questioned management's strategy for handling these obligations amidst potential market volatility.

Main topics on the call

• Operational Performance — Syn achieved a 10.6% increase in NOI, reaching BRL 24.7 million, driven by strong occupancy rates in both malls and offices. Management noted, "we had a great operational performance in our assets," indicating confidence...
• Revenue Growth — The company reported a 7% revenue growth compared to the previous year, with significant contributions from new stores and events in malls. Management stated, "half of this growth came basically from selling new stores o...
• Debt Management — Syn's net debt stands at BRL 302 million, with a leverage ratio of 3.37x adjusted EBITDA. Management expressed confidence in their debt profile, stating, "we have a lot of liquidity and the cost that we have as well... h...
• Occupancy Rates — Physical occupancy in malls reached 97.3%, an increase from previous quarters, while financial occupancy was slightly lower at 96.7%. Management highlighted that "we were able to maintain a very good occupation," reflect...

Read the full Syn Prop & Tech S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 Syn Prop & Tech S.A. earnings call transcripts on record, spanning February 18, 2020 to May 15, 2026. Based on this history, Syn Prop & Tech S.A. reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SYNE3

Exchange

BOVESPA

Country

BR

Sector

Real Estate

Industry

Real Estate Management and Development

Calls on record

23

First call

February 18, 2020

Most recent

May 15, 2026

Reporting cadence

quarterly