Business News • MarketWire • BRMALLS Announces Adjusted EBITDA of R$ 110.0 Million in 4Q09, Growth of 36.6% Over 4Q08, With an Adjusted EBITDA Margin of 85.1% |
BRMALLS Announces Adjusted EBITDA of R$ 110.0 Million in 4Q09, Growth of 36.6% Over 4Q08, With an Adjusted EBITDA Margin of 85.1% |
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BRMALLS Announces Adjusted EBITDA of R$ 110.0 Million in 4Q09, Growth of 36.6% Over 4Q08, With an Adjusted EBITDA Margin of 85.1%
RIO DE JANEIRO, BRAZIL--(Marketwire - March 10, 2010) - BRMALLS Participações S.A. (BOVESPA: BRML3), the largest integrated shopping mall company in Brazil, announces today its results for the fourth quarter of 2009 (4Q09). BRMALLS has a portfolio of 35 malls, comprising 1,035.6 thousand m² of gross leasable area (GLA) and 467.2 thousand m² of owned GLA. The Company currently has five greenfield projects under development and seven expansion projects, which, together, will increase its total GLA to 1,267.6 thousand m² and its owned GLA to 621.9 thousand m². BRMALLS is the largest shopping mall company in Brazil with a nationwide presence that caters to all income segments. The Company provides management and leasing services for 26 malls, in 25 of which it retains an interest, with total GLA of 756.6 thousand m².
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