Sao Carlos Reports EBITDA growth of 26% in 3Q12: Portfolio increases 28% in 12 months and NAV reaches R$52/share
November 05 2012 - 6:37PM
PR Newswire (US)
Sao Carlos Reports EBITDA growth of 26% in 3Q12: Portfolio
increases 28% in 12 months and NAV reaches R$52/share
SAO PAULO, Nov. 5, 2012 /PRNewswire/ -- Sao Carlos
Empreendimentos e Participacoes S.A. (BM&FBovespa: SCAR3)
announces today its results for the third quarter of 2012.
- MARKET VALUE OF PROPERTY PORTFOLIO reached R$3.64 billion according to CBRE consulting firm.
A total increase of 28% in 12 months and 20% over the same asset
base in the same period;
- NAV reaches R$2.97 billion
corresponding to R$52/share;
- ACQUISITION OF CE CANDELARIA IN RIO
DE JANEIRO for R$35 million
with cap rate of 14.5% + inflation;
- GROSS REVENUE WITH LEASES INCREASES 24% reaching R$72 million in 3Q12 versus R$58 million in 3Q11;
- EBITDA INCREASED 26% to R$58
million with a margin of 85.7%, from R$46 million and margin of 84.3% in 3Q11;
- FFO reached R$30 million in 3Q12,
compared to $ 25 million in the same
quarter last year;
- NET INCOME MOVED UP BY 22% to R$23
million in 3Q12 from R$19
million, in 3Q11;
- PHYSICAL VACANCY ended 3Q12 at 3.0%, with Financial Vacancy of
3.4%;
- DISTRIBUTION OF INTEREST ON EQUITY of R$31.5 million, equivalent to R$ 0.549016 per share, on November 21, 2012.
To download the full version of our "3Q12 Earnings Release",
please access our website at www.scsa.com.br/ir
CONFERENCE CALL
English (November 6, 2012,
Tuesday)
9:00 a.m. (New York)
12:00 p.m. (Brasilia)
Phone: 1-412-317-6776
Code: Sao Carlos
INVESTOR RELATIONS DEPARTMENT
Phone: (55 11) 3048-5413
E-mail: dri@scsa.com.br
Sao Carlos is one of the main companies in the sector of
investment and administration of commercial properties in
Brazil. Our goal is to maximize
rental revenues from the company's real estate, the assets' renting
potential and the portfolio's market value. Our business strategy
includes the investment in new commercial properties, reform and
maintenance of our real estate, optimization of condominium
administration and sale of properties that already attained
maturation. We currently have a portfolio which includes mainly
office buildings and retail stores located in the States of
Sao Paulo and Rio de Janeiro.
SOURCE Sao Carlos Empreendimentos e Participacoes S.A.
Copyright 2012 PR Newswire
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