September 20, 2017 7:36 AM ET

Real Estate Management and Development

Company Overview of LOG Commercial Properties e Participações S.A.

Company Overview

LOG Commercial Properties e Participações S.A. engages in construction and leasing of residential and office buildings in Brazil. The company is primarily involved in the construction and leasing of industrial warehouses, stores/offices, shopping malls, and strip malls. It also develops and sells industrial lots; and provides engineering and construction services for residential and/or commercial properties. The company was formerly known as MRV Logística E Participações S.A. The company was founded in 2008 and is headquartered in Belo Horizonte, Brazil.

Av. Professor Mario Werneck, 621

10 Andar

Estoril

Belo Horizonte, MG 30455-610

Brazil

Founded in 2008

Phone:

55 31 3615 8400

Key Executives for LOG Commercial Properties e Participações S.A.

Chief Executive Officer and Chief Operating Officer
Chief Financial Officer and Investor Relations Officer
Compensation as of Fiscal Year 2017.

LOG Commercial Properties e Participações S.A. Key Developments

LOG Commercial Properties e Participações S.A. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

LOG Commercial Properties e Participações S.A. announced consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net operating revenues of BRL 25,033,000 against BRL 24,228,000 a year ago. Operating income before financial results was BRL 18,725,000 against BRL 20,519,000 a year ago. Income before income tax and social contribution was BRL 6,490,000 against BRL 9,230,000 a year ago. Net income attributable to shareholder of the company was BRL 7,734,000 against BRL 8,696,000 a year ago. EBITDA was BRL 18,787,000 against BRL 20,567,000 a year ago. Adjusted EBITDA was BRL 19,876,000 against BRL 19,379,000 a year ago. FFO was BRL 7,800,000 against BRL 8,747,000 a year ago. Adjusted FFO was BRL 8,871,000 against BRL 8,304,000 a year ago. Net debt as at June 30, 2017 was BRL 595,683,000. For the six months, the company reported net operating revenues of BRL 49,021,000 against BRL 48,292,000 a year ago. Operating income before financial results was BRL 38,639,000 against BRL 40,948,000 a year ago. Income before income tax and social contribution was BRL 13,623,000 against BRL 21,017,000 a year ago. Net income attributable to shareholder of the company was BRL 15,966,000 against BRL 19,022,000 a year ago. Net cash used in operating activities was BRL 38,301,000 against BRL 38,559,000 a year ago. EBITDA was BRL 38,763,000 against BRL 41,063,000 a year ago. Adjusted EBITDA was BRL 39,389,000 against BRL 39,191,000 a year ago. FFO was BRL 16,096,000 against BRL 19,143,000 a year ago. Adjusted FFO was BRL 17,249,000 against BRL 18,700,000 a year ago.

LOG Commercial Properties E Participações S.A. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017

LOG Commercial Properties e Participações S.A. announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net operating revenues of BRL 23,988,000 against BRL 24,064,000 a year ago. Operating income before financial results was BRL 19,914,000 against BRL 20,429,000 a year ago. Income before income tax and social contribution was BRL 7,133,000 against BRL 11,787,000 a year ago. Net income was BRL 8,234,000 against BRL 10,329,000 a year ago. Net cash used in operating activities was BRL 22,970,000 against BRL 20,458,000 a year ago. Acquisition of investment property was BRL 10,950,000 against BRL 11,598,000 a year ago. EBITDA was BRL 19,976,000 against BRL 20,429,000 a year ago. Adjusted EBITDA was BRL 19,513,000 against BRL 19,812,000 a year ago. FFO was BRL 8,296,000 against BRL 10,396,000 a year ago. Adjusted FFO was BRL 8,378,000 against BRL 10,396,000 a year ago.

LOG Commercial Properties Announces Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2016

LOG Commercial Properties announced consolidated earnings and production results for the fourth quarter and year ended December 31, 2016. For the fourth quarter, the company's total net operating revenue was BRL 24,521,000 against BRL 24,169,000 a year ago. LBITDA was BRL 6,094,000 against EBITDA of BRL 9,891,000 a year ago. FFO was BRL 10,250,000 million against BRL 13,875,000 a year ago. Operating loss before financial results was BRL 6,154,000 against operating profit before financial results of BRL 9,823,000 a year ago. Loss before income tax and social contribution was BRL 22,467,000 against BRL 4,907,000 a year ago. Profit attributable to shareholder's of the company was BRL 10,189,000 against BRL 13,819,000 a year ago. Adjusted EBITDA was BRL 19,961,000 against BRL 20,275,000 a year ago. Adjusted FFO was BRL 7,824,000 against BRL 6,569,000 a year ago. For the year, the company's total net operating revenue was BRL 96,774,000 against BRL 92,911,000 a year ago. EBITDA was BRL 54,686,000 against BRL 44,550,000 a year ago. FFO was BRL 35,891,000 million against BRL 17,396,000 a year ago. Operating profit before financial results was BRL 54,451,000 against BRL 44,345,000 a year ago. Profit before income tax and social contribution was BRL 2,896,000 against BRL 856,000 a year ago. Profit attributable to shareholder's of the company was BRL 35,647,000 against BRL 17,196,000 a year ago. Net cash used in operating activities was BRL 75,125,000 against BRL 194,236,000 a year ago. Adjusted EBITDA was BRL 78,066,000 against BRL 74,403,000 a year ago. Adjusted FFO was BRL 35,145,000 against BRL 31,493,000 a year ago. For the year, the company built 703,290 GLA sq.m. against 665,177 GLA sq.m. a year ago.

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August 14, 2017
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