In the preliminary operating results for the third quarter of 2026 (3Q26), released on Tuesday, October 13, 2026, Mitre Realty (MTRE3) reported net sales of R$ 253.7 million, already excluding commissions and cancellations, for a total of 154 units. In the first nine months of 2026 (9M26), net sales reached R$ 780.7 million, with 514 units sold.
In 3Q26, gross sales totaled R$ 276.1 million, up 13.4% compared to 2Q26, while cancellations amounted to R$ 22.4 million. Sales speed over supply (VSO), measured in potential sales value (VGV/PSV), was 13.0% in the quarter and 40.4% over the last 12 months, practically stable compared to 13.3% and 40.7% recorded in 3Q25.
The Company ended 3Q26 with total inventory of approximately R$ 1.7 billion in VGV/PSV, equivalent to 1,164 units, a 13.2% decline in value versus the previous quarter and 7.3% lower than in 3Q25. Completed inventory accounted for 5.2% of total inventory, compared to 5.1% in 2Q26. The quarter’s performance was supported by the sale of inventory units, with no new launches in the period.
In terms of deliveries, Mitre completed three projects in 3Q26, totaling 906 units and around R$ 596.3 million in VGV/PSV. Adding the deliveries from the first half, of R$ 454 million in VGV/PSV and 658 units, total deliveries in the year reached 1,564 units, corresponding to approximately R$ 1.1 billion in VGV/PSV. The delivery pipeline scheduled for 2027 is about 89% sold.
For the fourth quarter of 2026 (4Q26), the Company plans to launch two projects that together add up to gross VGV/PSV of more than R$ 660 million (% Mitre), including Althea by Mitre, with VGV/PSV of R$ 375 million, and Casa Parque Cerâmica, with estimated gross VGV/PSV of R$ 565 million, of which 51% (R$ 288 million) corresponds to Mitre’s stake. With these launches, total gross VGV/PSV launched in 2026 should reach approximately R$ 1.9 billion, of which around R$ 1.6 billion refers to the Company’s stake.
