CCP Announces Net Income of R$ 113.73 million
Earnings per share up 26.6% reaching R$1.38/share. Net Revenue reaches R$309.3 million
SAO PAULO, March 6, 2012 /PRNewswire/ -- Cyrela Commercial Properties S.A. Empreendimentos e Participacoes (BM&FBovespa: CCPR3), one of the leading commercial property investment, leasing and sales companies in Brazil, announces its results for the Fourth Quarter and Year of 2011.
2011 Highlights
Net Revenue |
R$ 309.30 million |
|
EBITDA |
R$ 174.33 million |
|
EBITDA Margin |
56.4% |
|
Adjusted EBITDA |
R$ 139.79 million |
|
Adjusted EBITDA Margin |
87.3% |
|
NOI |
R$ 150.20 million |
|
NOI Margin |
94.7% |
|
FFO |
R$ 111.72 million |
|
FFO Margin |
36.1% |
|
FFO per share |
R$ 1.352 |
|
Net Income |
R$ 113.73 million |
|
Net Margin |
36.8% |
|
Net Income per share |
R$ 1.376 |
|
4Q11 and 2011 Results Conference Call
Wednesday, March 7, 2012
English Conference Call 1:30 p.m. (US EST) Phone: +1 (412) 317-6776 Code: CCP Replay: +1 (412) 317-0088 Code: 10009782 |
Portuguese Conference Call 12:30 p.m. (US EST) Phone: +55 (11) 3127-4971 Code: CCP Replay: +55 (11) 3127-4999 Code: 31985221 |
|
Webcast Portuguese: http://webcast.mz-ir.com/publico.aspx?codplataforma=3530
Webcast English: http://webcast.mz-ir.com/publico.aspx?codplataforma=3531
For further information, please contact:
Investor Relations - Cyrela Commercial Properties
Phone: +55 (11) 3018-7601
e-mail: [email protected]
www.ccpsa.com.br/ir
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.
SOURCE Cyrela Commercial Properties S.A.
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