CCP reports Net Revenue growth of 20.3%

Brazil - Português

NOI increased by 15.8%

EBITDA of R$36.4 million in 1Q12

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May 10, 2012, 12:52 ET

SAO PAULO, May 10, 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 First Quarter 2012.

1Q12 Highlights

			Net Revenue	R$ 52.7 million
			EBITDA	R$ 36.4 million
			EBITDA Margin	69.1%
			Adjusted EBITDA	R$ 35.8 million
			Adjusted EBITDA Margin	85.1%
			NOI	R$ 39.7 million
			NOI Margin	94.6%
			FFO	R$ 18.1 million
			FFO Margin	34.3%
			FFO per share	R$ 0.218
			Net Income	R$ 16.5 million
			Net Margin	31.2%
			Net Income per share	R$ 0.199

1Q12 Results Conference Call
Thursday, May 10, 2012

English Conference Call
11:30 a.m. (US EST)
Phone: +1 (412) 317-6776
Code: CCP
Replay: +1 (412) 317-0088
Code: 10012913

Portuguese Conference Call
10:30 a.m. (US EST)
Phone: +55 (11) 3127-4971
Code: CCP
Replay: +55 (11) 3127-4999
Code: 93667835

Webcast Portuguese: http://webcast.mz-ir.com/publico.aspx?codplataforma=3755
Webcast English: http://webcast.mz-ir.com/publico.aspx?codplataforma=3756

www.ccpsa.com.br/ri

About Cyrela Commercial Properties:
CCP is one of the leading commercial property investment companies in Brazil with a focus on the development, acquisition, leasing and sale of Triple A corporate towers, shopping malls and distribution centers. The Company's project portfolio is considered one of the best in the market in terms of quality and strategic location, which bring it excellent returns. CCP currently has total leasable area of 195,500 sq.m., plus a further 333,600 sq.m. under development for delivery in the coming years.

SOURCE Cyrela Commercial Properties S.A.