RNI Negócios Imobiliários S A : 2Q23 Operational Preview
July 19, 2023 at 05:41 pm EDT
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OPERATIONAL PREVIEW
2Q23
OPERATIONAL PREVIEW 2Q23
GROSS SALES totaled R$523 million in 1H23, in line with 1H22. In 2Q23, gross sales totaled R$255 million;
NET SALES amounted to R$353 million in 1H23, in line with 1H22. In 2Q23, net sales came to R$167 million;
AVAREGE PRICE INCREASE of 10.2% in 2Q23 vs. 2Q22, with average price of units increasing from R$220k to R$243k. In 1H23, average price increased 8.4% in relation to 1H22, from R$222k to R$241k;
UNITS FINANCED totaled R$229 million in 1H23, up 1% year on year. In 2Q23, units financed amounted to R$134 million, up 41% from 1Q23 and 6% from 2Q22;
PSV of LANDBANK stood at R$6.5 billion in 2Q23, 100% of it acquired through financial swaps and 80% allocated to MHML products (horizontal and vertical).
São José do Rio Preto, July 19, 2023: RNI Negócios Imobiliários (B3: RDNI3) announces its preliminar unaudited operating results for the second quarter of 2023.
KEY INDICATORS
Operational Preview 2Q23
LAUNCHES
In the second quarter of 2023, the Company focused on selling units in inventory and did not launch any projects as scheduled. Potential sales value (PSV) surpasses R$500 million considering projects approved to be launched in line with demand in each location.
We ended 1H23 with R$255 million of PSV launched.
Launches
PSV 100% - R$ million
The following table shows the position of launches in 2Q23:
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Operational Preview 2Q23
Launches by Products
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Operational Preview 2Q23
CONTRACTED SALES
In 2Q23, contracted net sales amounted to PSV of R$167 launched in the period. In 1H23, contracted net sales totaled four projects were launched.
million, even though no projects were R$353 million, in line with 1H22, when
Inventory Turnover Ratio (VSO) stood at 15% in 2Q23, in line with 1Q23 (as expected).
Average price increase of 10.2% in 2Q23 vs. 2Q22, with average price of units increasing from R$220k to R$243k. In 1H23, average price increase was 8.4% in relation to 1Q22, from R$222k to R$241k.
The recently launched project RNI Nações Life registered impressive net sales of R$23 million in 2Q23, followed by the projects Moradas da Serra (R$18 million) and RNI Reserva Blumenau (R$15 million).
Net Sales
100% PSV - R$ million
The following table shows net sales in 2Q23:
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RNI Negócios Imobiliários SA published this content on 19 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2023 21:40:07 UTC.
RNI Negocios Imobiliarios SA, formerly Rodobens Negocios Imobiliarios SA, is a Brazil-based company engaged in the real sector. The Company is active in the purchase and sale of real estate properties; subdivision of land; development and construction of real estate properties; provision of services to third parties, and management of own or third party mortgage receivables portfolio. The Company has a number of subsidiaries, including Moradas Rodobens Incorporadora Imobiliaria - Lages III - SPE Ltda, Rodobens Incorporadora Imobiliaria 318 - SPE Ltda, Rodobens Moradas Incorporadora Imobiliaria - Pacatuba I - SPE Ltda, Sistema Facil Campinas I SPE Ltda, Sistema Facil Tambore 8 Villaggio SPE Ltda and Terra Nova Residence XVIII - SPE Ltda.