São Carlos sells four office assets for R$ 735 million at 8.1% cap rate

Reuters2026/08/11 22:56

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São Carlos posted 2Q26 net cash of R$ 159.7 million, with cash and financial investments of R$ 926.4 million.
Gross debt fell 8.9% versus 1Q26 to R$ 791.1 million; average cost of debt eased to 14.3% from 14.8%.
Sold four office assets for R$ 735 million at an 8.1% cap rate, priced 18.5% below NAV.
Deal consideration included R$ 514.5 million cash, with R$ 220.5 million paid in FII SC Renda Imobiliária units.
Best Center same-basis physical vacancy improved to 8.2% in 2Q26 from 8.4% in 1Q26.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. São Carlos Empreendimentos e Participações SA published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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São Carlos sells four office assets for R$ 735 million at 8.1% cap rate

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