CCP announces Net Income growth of 96.7%

EBITDA of R$96.9 million in 2Q12

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Aug 06, 2012, 11:23 ET

SAO PAULO, Aug. 6, 2012 /PRNewswire/ -- Cyrela Commercial Properties S.A. Empreendimentos e Participacoes (BM&FBovespa: CCPR3), one of the leading commercial property investment, leasing and sales companies in Brazil, announces its results for the Second Quarter of 2012.

2Q12 Highlights

Net Revenue	R$ 236.7 million
EBITDA	R$ 96.9 million
EBITDA Margin	40.9%
Adjusted EBITDA	R$ 38.3 million
Adjusted EBITDA Margin	87.5%
NOI	R$ 42.1 million
NOI Margin	95.3%
FFO	R$ 77.0 million
FFO Margin	32.5%
FFO per share	R$ 0.931
Net Income	R$ 76.1 million
Net Margin	32.1%
Net Income per share	R$ 0.917

2Q12 Results Conference Call
Tuesday, August 7, 2012

English Conference Call
11:30 a.m. (US EDT)
Phone: +1 (412) 317-6776
Code: CCP
Replay: +1 (412) 317-0088
Code: 10015756

Portuguese Conference Call
10:30 a.m. (US EDT)
Phone: +55 (11) 3127-4971
Code: CCP
Replay: +55 (11) 3127-4999
Code: 94010268

Webcast Portuguese: http://webcast.mzvaluemonitor.com/Home/Login/5eba0439-fe9c-46d2-9b3e-ea5fd921b2fd
Webcast English: http://webcast.mzvaluemonitor.com/Home/Login/04436bdb-71be-42c7-824e-f6081ceb3b70

About Cyrela Commercial Properties:
CCP is one of Brazil's leading commercial real estate companies, focusing on the development and acquisition for leasing of high quality office buildings, shopping malls and distribution centers. Based on its extensive experience and knowledge of the property market, it also seeks out opportunities to purchase, sell and resell commercial properties which it believes will generate gains. Currently, it possesses 195,400 sq.m. of leasable area and more than 330,000 sq.m. in projects under development to be delivered within the next few years.

www.ccpsa.com.br

SOURCE Cyrela Commercial Properties S.A.