MRV (MRVE3) sells residential units through the Pode Entrar Program and developments in the USA – Money Times


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(Image: Flávya Pereira/Money Times)

A MRV (MRVE3) informed the market, this Monday (30), that it sold 1,521 residential units under the Pode Entrar Program. The global value is R$293.9 million.

In addition to this contraction, in December 2023, the company had already completed the sale of 650 units under the program in conjunction with Companhia Metropolitana de Habitação de São Paulo (COHAB), totaling a General Sales Value (PSV) of R$ 118,225 ,900.00.

Adding the two contracts, a total of 2,171 units were sold, with a PSV of R$412.1 million.

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Also this Monday, MRV informed the market that, on Friday (27), the sale of the Old Cutler project located in Florida, USA, was completed.

PSV was US$118.5 million, representing a gross profit of US$11 million, in addition to a cap rate of 5.65% and yield on cost of 6.2%.

Payment is scheduled to be received in the first week of October 2024.

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