Business News • MarketWire • BRMALLS Announces Adjusted EBITDA of R$ 88.6 Million in 1Q10, Growth of 42.0% Over 1Q09, With an Adjusted EBITDA Margin of 83.4% |
BRMALLS Announces Adjusted EBITDA of R$ 88.6 Million in 1Q10, Growth of 42.0% Over 1Q09, With an Adjusted EBITDA Margin of 83.4% |
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BRMALLS Announces Adjusted EBITDA of R$ 88.6 Million in 1Q10, Growth of 42.0% Over 1Q09, With an Adjusted EBITDA Margin of 83.4%
RIO DE JANEIRO, BRAZIL--(Marketwire - May 3, 2010) - BRMALLS Participações S.A. (BOVESPA: BRML3), the largest integrated shopping mall company in Brazil, announces today its results for the first quarter of 2010 (1Q10). BRMALLS has a portfolio of 35 malls, comprising 1,034.9 thousand m² of gross leasable area (GLA) and 467.8 thousand m² of owned GLA. The Company currently has 5 greenfield projects under development and 7 expansion projects, which, together, will increase its total GLA to 1,273.5 thousand m² and its owned GLA to 626.2 thousand m² by 2013. 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 owned GLA of 431.3 thousand m².
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