Sonae Sierra adopted the International Accounting Standards (IAS) in its Consolidated Accounts in 2001, becoming the first real estate company in Iberia to adopt IAS.
In 2009 the Company´s consolidated net profit was of € -159,9 million. The Net Asset Value (NAV) of the company''s properties in 2009 is € 1.228 billion.
Sonae Sierra´s NOI grew to € 180,3 million in 2009 compared to € 179,3 million in 2008.
Sonae Sierra has more than 2.2 million m2 of GLA under management with over 8.900 tenant contracts. In 2009, our Shopping Centres had more than 436 million visits.