Mitre Realty (MTRE3) approved on Wednesday, July 22, 2026, a share buyback program of up to 6,306,577 common shares issued by the company itself, equivalent to 10% of the shares in circulation on the market as of the approval date. According to the company, the goal is to hold these shares as treasury stock for possible future sale and/or cancellation, as it believes the market price of the shares does not reflect their fundamentals and long-term appreciation potential.
According to the material fact, the company has 63,065,779 common shares in circulation and no shares in treasury as of the program’s approval date. The purchases will be carried out on the stock exchange over a period of up to 18 months, between July 23, 2026 and January 23, 2028, using funds from profit reserves and/or realized results from the current fiscal year.
Mitre Realty’s management states that it believes the company’s current financial position is compatible with the execution of the buyback program, without impairing its ability to meet obligations to creditors or to pay mandatory, fixed, or minimum dividends as provided for by law and the bylaws. The company also notes that, if the acquired shares are cancelled, there may be a proportional increase in the stake of the remaining shareholders.
The transactions will be brokered by Itaú Corretora de Valores, XP Investimentos, BTG Pactual Corretora, Genial Institucional Corretora and Safra DTVM, all operating through exchange-traded transactions. The allocation of any funds obtained from the future sale of treasury shares will be determined later by the company’s competent governing bodies.
