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4Q11

Highlights

  • The Company's Net Revenue increased 18.0% to R$61.5 million in 4Q11 compared to R$52.1 million in 4Q10. In 2011, Net Revenue increased by 18.5%.

  • EBITDA totaled R$49.1 million in 4Q11, an increase of 22.0% over the same period of last year with EBITDA margin reaching a historically high 79.8% in 4Q11. The 2011 EBITDA totaled R$168.4 million, a 22.3% increase over the same period of 2010.

  • FFO totaled R$48.2 million in the 4Q11, a 35.3% increase over 4Q10. FFO margin reached 78.3% in 4Q11. In 2011, FFO increased by 40.4% to R$ 169.7 million.

  • Same-store rent (SSR) reached, once again, a strong double-digit growth of 12.7% in 4Q11 and 11.6% in 2011. Same-store sales (SSS) increased by 7.9% in 4Q11 and 8.5% in 2011.

  • Total Net Income attributed to the shareholders reached R$231.1 million in 2011, 66.0% higher than 2010.

  • In November 2011, Sonae Sierra Brasil successfully opened the expansion of Shopping Metrópole, adding 8.7 thousand sqm of GLA and bringing over 30 new stores to the mall.

  • In January 2012, SSBR3 was included in BM&FBovespa's Small Cap (SMLL) and Real Estate (IMOB) indexes.

  • In 2012, the Board of Directors approved the first issue of Debentures in the amount of R$300 million.

  • In January 2012, the Company obtained the controlling ownership interest in Shopping Plaza Sul.