SAO PAULO, March 18 /PRNewswire-FirstCall/ -- Cyrela Commercial Properties S.A. Empreendimentos e Participacoes (Bovespa: CCPR3), one of the leading commercial property investment and leasing companies in Brazil, announces its results for the fourth quarter and year 2009.
2009 Highlights Net Revenue R$ 144.52 million Gross Profit R$ 124.5 million Gross Margin 86.2% Adjusted EBITDA R$ 105.61 million Adjusted EBITDA Margin 84.0 % Adjusted NOI R$ 120.55 million Adjusted NOI Margin 95.9% FFO R$ 69.45 million FFO Margin 48.1 % Net Income R$ 62.51 million Net Margin 43.3 % 4Q09 Results Conference Call Friday, March 19, 2010 Portuguese Conference Call English Conference Call 9:00 a.m. (US EST) 11:00 a.m. (US EST) Phone: +55 (11) 2188-0188 Phone: +1 (412) 858-4600 Code:CCP Code: CCP Replay: +55 (11) 2188-0188 Replay: +1 (877) 344-7529 Code: CCP Code: 434981 http://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 193,000 sq.m. of leasable area and a further 171,000 sq.m. in projects under development to be delivered within the next few years.
Cyrela Commercial Properties
CONTACT: Investor Relations - Cyrela Commercial Properties, Phone: +55
(11) 3018-7601, ri@ccpsa.com.br
Web Site: http://www.ccpsa.com.br/ccp/ir
