28 May 2025 | 3:13PM BRT Brazil Real Estate 1Q25 Mall by Mall Update; Multiplan Malls Saw A Strong Quarter Our mall by mall analysis shows once again Multiplan malls outperforming. In this note we do two things: 1) analyze performance and positioning for 80+ malls in which our coverage universe has stakes; 2) update our Allos model to consider 1Q25 actuals. Our analysis shows that Multiplan malls on average saw rent growth of +5%, in-line with inflation while Allos malls grew 3.4%, implying negative real re ...