Positive Revenue Growth
Total revenue for Q3 2024 was MXN 1.86 billion, representing a 6% increase compared to the same quarter in 2023, marking the highest growth in 7 quarters.
Housing Segment Growth
Housing revenues increased by 6.8% to MXN 1.78 billion, driven by higher sales from Infonavit loans and the Line III program.
Shopping Center Performance
Shopping center revenues grew by 11.6% in Q3 2024 compared to Q3 2023, with a net operating income increase of 12.5%.
Solid Financial Position
As of September 30, 2024, cash and equivalents increased by 7.9% compared to the end of 2023, and free cash flow for the first 9 months was positive by MXN 238.9 million.
Future Project Initiatives
Plans to start new projects in Puebla, Veracruz, and Nayarit in the next 12 months.