CCP Announces Gross Revenue Growth of 108% and 130% in Net Income for 2Q11

News provided by

Cyrela Commerical Properties S.A.

Aug 03, 2011, 08:39 ET

SAO PAULO, Aug. 3, 2011 /PRNewswire/ -- Cyrela Commercial Properties S.A. Empreendimentos e Participacoes (BM&FBovespa: CCPR3), one of the leading commercial property investment and leasing companies in Brazil, announces its results for the Second Quarter of 2011.

2Q11 Highlights

Net Revenue

R$ 88.56 million

EBITDA

R$ 45.87 million

EBITDA Margin

51.8%

Adjusted EBITDA

R$ 28.45 million

Adjusted EBITDA Margin

74.6%

NOI

R$ 35.90 million

NOI Margin

93.2%

FFO

R$ 30.61 million

FFO Margin

34.6%

FFO per share

R$ 0.364

Net Income

R$ 38.68 million

Net Margin

43.7%

Net Income per share

R$ 0.460

2Q11 Results Conference Call
Thursday, August 4, 2011

English Conference Call
10:30 a.m. (US EDT)
Phone: +1 (412) 317-6776
Code: CCP
Replay: +1 (412) 317-0088
Code: 10002546

Portuguese Conference Call
9:30 a.m. (US EDT)
Phone: +55 (11) 3127-4971
Code: CCP
Replay: +55 (11) 3127-4999
Code: 57946150

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 188,000 sq.m. of leasable area and more 348,000 sq.m. in projects under development to be delivered within the next few years.

SOURCE Cyrela Commerical Properties S.A.

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