Glossary


Adjusted FFO Margin:
AFFO / revenues

AFFO -Adjusted Funds From Operations:
Net Profit – Depreciation & Amortization – Other Income/expenses – Share of Profit (Loss) of Associates Accounted – Foreign Exchange Differences – Income (Loss) for indexed assets and liabilities – Gains (losses) from the difference between the previous book value and the fair value of financial assets – Deferred tax+ Associates accounted Adjusted FFO

Controlling Adjusted FFO:
AFFO attributable to the shareholders of the company

Controlling FFO:
FFO attributable to the shareholders of the company

EBITDA – Earnings Before Income Tax Depreciation and Amortization:
Revenues + Cost of Sales + Administration Expenses – Depreciation and Amortization EBITDA margin -EBITDA divided by revenues

EPS -Earnings Per Share:
Net income attributable to the equity holders of the company/weighted average number of shares outstanding

FFO -Funds From Operations:
Net Profit – Depreciation & Amortization – Share of Profit (Loss) of Associates Accounted + Associates Accounted FFO

GLA:
Gross Leasable Area. Equivalent to the sum of all the areas available for lease

Green Field Projects:
Organic development of new shopping centers

Landbank:
Land held by the company for future development

LTM:
Refers to information from the last twelve months

Monthly Revenues / m2:
Monthly revenues divided by GLA weighted by average occupancy for the period

Monthly Sales/m2
Monthly tenant sales divided by GLA weighted y average occupancy for the period

Neighborhood Mall:
A shopping mall with a GLA between 6,000 and 20,000 m2

Net income margin:
Net profit / revenues

NOI -Net Operating Income:
Revenues + Cost of Sales + Administration Expenses – Depreciation & Amortization + Associates accounted NOI

Occupancy:
GLA paying rent divided by total GLA

Occupancy cost:
Minimum rent, plus variable rent, plus common expenses, plus a promotion fund that the tenants pay Parque Arauco divided by the sales of the tenant.

Owned GLA:
Total GLA weighted by Parque Arauco’s interest in the mall

Pipeline:
Greenfield and expansion projects under development

Premium Outlet:
Shopping center located outside of the city offering name brand clothing and goods for a reduced price

Regional Mall:
A shopping mall with a GLA over 20,000 m2.

SSR -Same Store Rent:
Percentage change in rent collected from tenants that paid rent in both of the periods compared

SSS -Same Store Sales:
Percentage change in sales from tenants that reported sales in both of the periods compared

Strip Center:
A shopping center with a GLA less than 6,000 m2 Tenant Sales Tenant sales of the consolidated assets

UF -Unidad de Fomento:
A chilean currency unit indexed according to inflation daily rcial