Purpose To characterize the phenotypes of older adults with low lean mass and osteoporosis, concomitantly or isolated, in regards to poor physical performance and frailty status. Design Cross-sectional analysis of the SARCopenia and OSteoporosis in Older Adults with Cardiovascular Diseases Study (SARCOS). Setting Outpatient geriatric cardiology clinic. Participants and method 385 older adults underwent DXA analysis. Low lean mass was diagnosed according to FNIH and low BMD by aT-score <= -2.5 SD. Subjects were grouped into: I-Low lean mass and Osteoporosis (LLMO); II-Low lean mass (LLM); III-Osteoporosis (OP), and IV-Controls. Poor physical performance was diagnosed by weakness or slow walking speed or impaired mobility. Frailty was diagnosed by CHS criteria. Results The mean age was 78.22 +/- 7.16 years. The prevalence of LLMO, LLM, and OP were 14.8%, 39.5%, and 19.2%, respectively. LLMO subjects were older, predominantly women, with a high percentage of body fat (HTBF). LLM was represented by obese men, while individuals with OP were preferably women, older and leaner. In a regression analyses, LLMO presented an OR: 6.42 (2.63-15.65;p < 0.001) for weakness, OR: 2.55 (1.09-5.95;p = 0.030) for impaired mobility, and OR: 14.75 (2.72-79.94;p = 0.002) for frailty. After adjusting for HTBF, the OR for frailty, decreased to 7.25 (1.11-47.21;p = 0.038). LLM and OP were associated only with weakness with an OR: 3.06 (1.36-6.84;p = 0.006) and OR: 3.14 (1.29-7.62;p = 0.011), respectively. Conclusion In Brazilian older community-dwelling outpatient adults, the phenotype characterized by low lean mass and osteoporosis presents a higher association with impaired mobility, weakness and frailty status compared to the others phenotyeps and controls. A high percentage of body fat presents a synergistic effect with low lean mass and osteoporosis phenotype in regards to frailty.