Business · Companies · 2 hrs ago
Mitre’s third-quarter net sales fall 9.3% year over year
Brazilian property developer Mitre’s net sales fell 9.3% in the third quarter compared with the same period a year earlier.
The company reported R$253.7 million in net sales in its operational update.
Mitre made no new property launches during the quarter.
It delivered 906 units between July and the end of September, about 16% fewer than a year earlier.
At the end of September, its sales-value inventory was R$1.7 billion, down 7.3% year over year.
Mitre said its strategy was to increase sales and turn its portfolio into cash.
Net sales were 28% higher than in the second quarter, but the update gives no further plans.
Mitre’s net sales fell 9.3% year over year in the third quarter to R$253.7 million.
The Brazilian construction and real estate development company reported the figures in a preliminary operating update.
Mitre made no launches during the quarter.
It delivered 906 units from July through the end of September, about 16% fewer than in the third quarter of 2025.
Its sales rose 28% from the second quarter of 2026.
- Who
- Mitre, a construction and real estate development company.
- What
- Net sales fell 9.3% year over year to R$253.7 million in the third quarter.
- When
- The third quarter; Mitre disclosed the preliminary operating update on Tuesday, October 13.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Mitre delivered 906 units during the third quarter.
Mitre disclosed its preliminary operating update.
- Net sales
- R$253.7 million, down 9.3% year over year
- Quarterly launches
- None
- Units delivered
- 906
- September inventory
- R$1.7 billion in sales value, down 7.3% year over year
- Sales versus second quarter
- Up 28%
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