Aliansce Presents Its Results and Financial and Operating Highlights for 2009 and 4Q09

RIO DE JANEIRO, March 23 /PRNewswire-FirstCall/ -- Aliansce Shopping Centers S.A. (Bovespa: ALSC3), one of the largest shopping mall owners and administrators in Brazil, announces today its results for 2009 and the fourth quarter of 2009.

Financial and Operating Highlights for 2009 and 4Q09:

• Our malls recorded an occupancy rate of 98.1%, excluding Shopping Santa Ursula, which is being renovated, and Boulevard Shopping Brasília, which is in its final leasing phase. In 2009, we signed 422 leasing contracts in our shopping malls;
• Managerial consolidated gross revenues totaled R$171.7 million in 2009, 29.2% up on the previous year. In 4Q09, managerial consolidated gross revenue was R$52.2 million, up 28.2% against 4Q08;
• Cost of Rental and Services of R$51.0 million in 2009, representing an increase of 16.7%  and of R$15.9 million in 4Q09, up 13.2% when compared to 4Q08;
• Managerial net income of R$52.0 million in the year and R$19.5 million in 4Q09;
• Growth of 31.6% in managerial consolidated NOI, totaling R$122.8 million in 2009.  Managerial consolidated NOI margin reached 83.6% in 2009 and 82.9% in 4Q09;
• Managerial adjusted EBITDA reached R$105.9 million in 2009, 55.9% up on the previous year. Managerial adjusted EBITDA margin stood at 67.8% in 4Q09 and 66.2% in 2009, versus 48.4% and 55.5%, respectively, in 4Q08 and 2008;
• Growth of 147.0% in managerial adjusted FFO, from R$25.8 million in 2008 to R$63.7 million in 2009. In 2009, the managerial adjusted FFO margin totaled 39.8%, versus 21.1% in 2008;
• Sales in the Company's shopping malls grew by 14.1% in the year and 17.9% in 4Q09 ;
• Investments in greenfield projects, expansions and acquisition of interest in shopping malls totaled R$321.7 million in 2009.

Full Earnings Release is available on Aliansce's IR website: http://www.aliansce.com.br/ir

Aliansce will be hosting conference calls to discuss 4Q09 Results on Wednesday, March 24, 2010 at 9:00 a.m. ET (Portuguese) and 11:00 a.m. ET (English). Please see the Company's IR website for connecting numbers.

For further information please contact Aliansce's Investor Relations Department:

SOURCE Aliansce Shopping Centers S.A.

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