Consorcio ARA, S. A. B. de C. V.
ARA.MX
Mexican Stock Exchange4.73
MXN
+0.09
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Consorcio ARA, S. A. B. de C. V.
ARA.MX
(Mexican Stock Exchange)
Recent
price
4.73
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Consorcio ARA, S. A. B. de C. V. (ARA.MX) engages in the design, construction, promotion, marketing, and sale of residential housing developments across low-income progressive, social interest affordable entry-level, middle-income, and residential segments in Mexico; it also develops, manages, leases, and operates shopping centers, supermarkets, mini-malls, and uni-malls, including full ownership of Centro San Miguel, Plaza Centella, Centro San Buenaventura, and Plaza Carey, plus 50% stakes in Centro Las Américas and Paseo Ventura, with a total gross leasable area of approximately 212,000 square meters primarily in the State of Mexico and Veracruz at occupancy rates exceeding 93%; additionally, the company constructs urban infrastructure such as streets, parks, water supply systems, power facilities, schools, and commercial areas within its developments, alongside other real estate projects encompassing commercial land sales, tourist resorts, industrial zones, and golf club memberships. Founded in 1977 and headquartered in Mexico City at Park Plaza Tower II, Avenue Javier Barros Sierra 540, the company operates 39 developments across 30 municipalities in 20 cities spanning 15 states, including the State of Mexico, Quintana Roo, Guerrero, Guanajuato, Jalisco, Veracruz, Puebla, Baja California, Nayarit, Hidalgo, Nuevo León, Baja California Sur, Morelos, Sonora, and others; it maintains a land bank valued at P$4.56 billion encompassing 30.2 million square meters sufficient for 115,123 master-plan homes, plus 2 million square meters for non-residential uses, supported by subsidiaries such as Consorcio de Ingenieria Integral SA de CV, Proyectos Urbanos Ecologicos SA de CV, Constructora y Urbanizadora Ara SA de CV, Asesoria Tecnica y Administrativa Gavi SA de CV, Promotora y Desarrolladora de Centros Comerciales SA de CV, Desarrollos Inmobiliarios Turisticos Ara SA de CV, and Inmobiliaria el Globo SA de CV, employing around 7,122 people. Recent developments include robust financial performance with 2024 full-year revenues of P$7.12 billion reflecting 5.5% growth year-over-year, positive free cash flow of P$279.5 million, and average home prices up 2.5% to P$1.19 million; in first-quarter 2025, revenues reached P$1.85 billion up 15.9%, net income rose 25% to P$179.5 million from 1,442 home sales at an average price of P$1,235,700 up 9.1%, with middle-income and residential segments driving 36.7% and 20.9% revenue gains respectively, alongside shopping center revenues of P$125.9 million up 6.9% at 93.5% occupancy; the company approved a P$200 million dividend payout equivalent to 29.1% of 2024 net income yielding 5.13% per share, canceled 4,731,327 treasury shares reducing capital stock to 1,217,894,226 shares, appointed German Ahumada Alduncin as board chairman with new directors Luis Felipe Ahumada Rafferty and Claudio Núñez Sánchez de la Barquera while bidding farewell to long-serving members, plans to construct 9,000 homes in 2025 despite sector challenges, secured reaffirmed top-tier credit ratings including Fitch's A+(mex) stable outlook, S&P's mxAA-, and HR Ratings' HR AA+, issued sustainable notes ARA 23X for P$1.2 billion at TIIE+1.70% and maintains ARA 21-2X at 9.63%, added P$300 million in unsecured bank loans in 2024 at TIIE+1.50-2.00%, and generated positive free cash flow projections into 2026 with healthy leverage at net debt-to-EBITDA of 0.43 times.