Common Questions
GENERAL INFORMATION
JHSF’s shares are traded on B3 under the ticker “JHSF3”, listed on the Novo Mercado, the highest level of corporate governance practices.
To learn more about the Novo Mercado and other listing segments, visit the B3 website.
To invest in JHSF shares – or any other company – it is necessary to open an account with a stock broker. The brokerage has professionals focused on market analysis who can assist in making decisions about the purchase and sale of certain shares.
Stock trading can also be done online, via the Home Broker system, made available by practically all brokers.
The contacts and procedures for requesting the Income Report can be found on our website at the link below:
To receive information from JHSF such as Material Facts, Notices to the Market, Notice to Shareholders, among others, simply register on the Company’s mailing list at the link below:
In August 2021, the Company’s new buyback plan was approved. The Company’s share buyback program has a limit of 28,000,000 common shares, which represent approximately 9.15% of the Company’s total shares outstanding in the market.
For more details on the repurchase, click here.
To monitor the balance of repurchased shares, access the latest Form ICVM358 “Shares held and traded by the Company, Subsidiaries and Affiliates” available at:
https://ri.jhsf.com.br/en/corporate-governance/icvm-358/
The Company’s buyback program follows CVM Instruction 567/15 and the Company’s Bylaws, article 21, item XV.
To check out opportunities to join the team, click here.
REAL ESTATE DEVELOPMENT
The Company was responsible for the development of a several renowned projects, such as Parque Cidade Jardim, Vitra, Cidade Jardim Townhouses, Fazenda Boa Vista, among others.
On our institutional website, under “Real Estate Development”, are all the projects developed by JHSF.
In 2019, with the relative improvement of the economy reflected by the increase in the consumer confidence index and added to a scenario of low interest rate levels, the Company resumed the launch of projects announcing two new ones: Fasano Resicendes and Boa Vista Village. In 2021, we announced the Boa Vista Estates project and in December we started selling Memberships of the Boa Vista Village surf pool. In 1Q22 we started to sell São Paulo Surf Club Memberships, in the Real Park project, and in 2Q22 we had the pre-launch of Reserva Cidade Jardim.
All projects will be developed on land that is part of the Company’s Land bank.
More information about each of the developments is available on the JHSF Real Estate Sales App.
RENTAL HOUSES AND CLUBS
In June 2023, the Boa Vista Village Surf Club, the company’s first club, was officially opened.
We currently sell memberships of São Paulo Surf Club, located in the future Real Park project.
The clubs’ surf pools count with PerfectSwell technology from American Wave Machines, one of the most recognized companies in the surf industry.
The company currently has 15 high-end properties rented out and 47 properties on the market for rent.
In addition to the projects: Bosque Cidade Jardim, Reserva Cidade Jardim and more units in Boa Vista Village.
MALLS
We currently have six malls in operation: Shopping Cidade Jardim, Catarina Fashion Outlet, BV Market, and Shops Jardins located in the State of São Paulo. And Shopping Bela Vista and Shopping Ponta Negra located in Salvador and Manaus, respectively.
Below is the table of participation of JHSF in each mall in its portfolio:
| Portfolio | Location | % JHSF | GLA Total (sqm) | GLA JHSF (sqm) | Opening date |
|---|---|---|---|---|---|
| Shopping Cidade Jardim | São Paulo – SP | 50.01% | 47,080 | 23,545 | 2008 |
| Shopping Bela Vista | Salvador – BA | 26.01% | 51,145 | 13,303 | 2012 |
| Shopping Ponta Negra | Manaus – AM | 40.01% | 36,349 | 14,543 | 2013 |
| Catarina Fashion Outlet | São Roque – SP | 50.01% | 29,128 | 14,567 | 2014 |
| Catarina Fashion Outlet 3ʳᵈ Expansion | São Roque – SP | 68.00% | 21,791 | 14,818 | 2023 |
| BV Market | Porto Feliz – SP | 100.00% | 949 | 949 | 2020 |
| Shops Jardins | São Paulo – SP | 70.00% | 6,000 | 4,200 | 2020 |
HOSPITALITY AND GASTRONOMY
There are 10 hotels in operation (São Paulo, Rio de Janeiro, Fazenda Boa Vista, Punta del Este, Angra de Reis, Belo Horizonte, Salvador, NY and Trancoso), as well as 36 restaurants and bars in 9 cities (São Paulo, Rio de Janeiro, Angra dos Reis, Porto Feliz, Punta del Este, Belo Horizonte, Salvador, Trancoso and NY).
For more information, visit the Fasano website.
Approximately 65%, according to the organization chart of item 6.5 of the FRE.
INTERNATIONAL EXECUTIVE AIRPORT
The São Paulo Catarina International Executive Airport, is located at Rodovia Castello Branco, km 62, in the city of São Roque, SP.
Currently the airport has a runway of 2,470 meters – larger than the runway at Congonhas airport – 36.345 sqm distributed in twelve hangars and 56.517 sqm distributed in yards.
For more information on JHSF Executive Airport, click here.
RETAIL
The operation of international luxury brands that JHSF has the exclusive rights in Brazil, and has the strategic objective of intensify the portfolio of the Company’s malls in order to exclusively serve the high-income client.
At the end of 2023, there were 12 brands and 2 multi-brands in operation, distributed in 20 stores. Currently, the stores are present in the Cidade Jardim Mall, Shops Jardins, BV Market and Catarina Fashion Outlet, references in high income in Brazil.
DIGITAL + ID
This segment consolidate the E-commerce “CJ Fashion” results and other digital operations within the JHSF ID Membership, a loyalty and rewards program of the Company. JHSF ID Membership offers exclusively to members the CJ Fashion (E-commerce), CJ Food, and CJ Concierge (Private Shoppers), and they will have access to an exclusive channel to use J-Coins, the program’s exclusive virtual currency, in an extensive network of more than 200 partners, both inside and outside the JHSF ecosystem.
In addition, members will have access to an exclusive credit card that will bring even more benefits.
CAPITAL
JHSF Capital is a new business unit with the objective of delivering real estate development financial investment products and solutions.
Through professional investment management, JHSF Capital will bring to the domestic and international markets, the opportunity of co-investment in the Company’s real estate development projects, as well as the structuring of income, shopping center and real estate receivables funds.
CAPITAL STRUCTURE
At the end of 3Q23, the table below represented the Company’s debt and cash position:
| Cash and Equivalents and Indebtedness (R$* milion) | dec/23 | set/23 | Var. R$ Million | Var. % |
|---|---|---|---|---|
| Gross Debt | (3,264.7) | (3,076.7) | (187.9) | 6,1% |
| Mandatorily convertible debt | 120.5 | 120.7 | 0.1 | -0.1% |
| Cash and Equivalents | 644.3 | 515.6 | 128.7 | 25.0% |
| REITs – SPN and SBV | 293.3 | – | – | – |
| Accounts receivable performed | 1,232.7 | 1,287.9 | (55.2) | -4.3% |
| Net Debt | (973.8) | (1,152.5) | (114.6) | -15.5% |
For more details, access the 4Q23 earnings release.
DIVIDENDS
The Company follows the Law 6404/76 (Brazilian Corporate Law) which mandatory dividends must be paid annually and must represent at least 25% of the net income for the fiscal year.
To access the Law 6404/76, click here.
To access the history of dividends paid by JHSF, click here.
To calculate the amount of annual mandatory dividends, it is necessary to subtract from the annual net income for the year the constitution of the legal reserve and the portion of the unrealized income.
For more details, see Financial Statements