Contracted Sales and Launches reached the full year guidance,
with R$ 3.4 billion and R$ 3.1 billion, respectively

Rio de Janeiro, January 14, 2013 - Brookfield Incorporações S.A. ("Brookfield Incorporações" or "Company") (BM&FBovespa: BISA3; U.S. OTC: BRRSY), one of Brazil's largest real estate developers and construction companies, today announced its preliminary unaudited operating results for the fourth quarter ending December 31, 2012 (4Q12) and the year of 2012.

4Q12 contracted sales totaled R$ 1,110.0 million, a 55.5% increase compared with the 3Q12 and a 16.5% decline compared with 4Q11. 2012 sales totaled R$ 3.4 billion, exceeding the midpoint of full year guidance (R$ 3.0 billion - R$ 3.5 billion). Sales over Supply (SoS) came at 23.7% in 4Q12 compared with 20.3% in 3Q12, indicating ongoing solid demand. Moreover, it was the highest quarterly SoS ratio of the year.

Launches totaled R$ 1,756.6 million, a 204.5% increase compared with the 3Q12 and a 2.7% decrease compared with 4Q11. 2012 launches totaled R$ 3.1 billion, exceeding the bottom of the full year guidance (R$ 3.0 billion - R$ 3.5 billion).

Sales terminations totaled R$ 99.1 million or 527 units, stable along 2012. Of the units terminated in 2012, 48.9% have been resold in the same period, and 50.7% of terminated units were in the affordable segment, which has more volatile credit characteristics.

The Company delivered 20 projects or phases of projects during the quarter, totaling 2,278 units or R$ 377.9 million in PSV (Potential Sales Value). In 2012, 75 projects or phases of projects were delivered, representing 9,246 units and a PSV of R$ 1.8 billion.

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