Brazil’s Mid-Income Builders Post Mixed Q1 as Cyrela Launches Drop 48% and Mitre Surges 195%

Key Points — Cyrela (CYRE3) launched R$1.75 billion (~$337 million) in Q1 2026, a 48% year-on-year decline led by a 71% collapse in its high-end segment, though net sales still rose 2% to R$2.16 billion (~$416 million). — Mitre (MTRE3) went the opposite direction, surging 195.3% in launches to R$917 million (~$176 million), but unit […] The post Brazil’s Mid-Income Builders Post Mixed Q1 as Cyrela Launches Drop 48% and Mitre Surges 195% appeared first on The Rio Times .

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