By Gabriel Araujo SAO PAULO (Reuters) – Shares in Brazilian shopping mall operators soared on Wednesday as Multiplan reported figures above pre-pandemic levels for the fourth quarter of 2021 and a Bank of America survey pointed to expectations of a solid recovery in the sector. Multiplan said in its operational preview that quarterly same store rent jumped 41.4% from the same period of 2019, while same store sales rose 10.3%. Sales were up 8.1% when compared with the last quarter of 2019, before the COVID-19 pandemic struck in Brazil, supported by a strong performance during the holiday season. “December was a major highlight, as sales reached 110.1% of the sales seen in the same period of 2019 … In the fourth quarter, sales were above 2019 levels for the first time in the year, totaling 5.6 billion reais ($1.01 billion),” Multiplan said. Multiplan’s figures were backed by a Bank of America survey showing a K-shaped recovery in the sector, with 92% of Brazilian consumers back at th...
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