Even stock reflects Brazilian rental housing growth as margins expand
Published on 07/21/2026 at 20:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Even Construtora e Incorporadora S.A. (ISIN BREVENACNOR8) is a São Paulo based real estate developer and rental housing platform, and Even stock trades on Brazils B3 exchange in São Paulo as the company emphasizes recurring rental income and profitability improvements across its portfolio.
Net profit increases in fiscal 2023
According to the companys English language investor relations material for fiscal 2023, Even reported net income of approximately BRL 275 million for the year 2023, compared with roughly BRL 182 million in 2022, indicating a clear expansion in profitability over the period.
The same fiscal 2023 information shows that Even generated total net revenue of around BRL 1.8 billion in 2023, versus about BRL 1.5 billion in 2022, driven by the combination of development revenue and a growing contribution from rental operations.
Gross margin and rental platform scale
The fiscal 2023 data also indicate that Even achieved a gross margin close to 34 percent in 2023, an improvement from roughly 32 percent in 2022, highlighting the impact of disciplined cost control and a mix that includes more recurring rental income.
Within its rental housing and income generating portfolio, Even reported that its stabilized rental assets and related operations supported recurring cash flows, reinforcing managements focus on predictable income streams alongside traditional development activities in 2023.
Further details on Even financials
Investors can review more detailed information on Evens rental portfolio, launches, and financial statements directly via the companys investor relations materials.
Rental projects support recurring income
Evens portfolio includes income generating residential assets in Brazil, with the rental operation complementing its core development platform by providing recurring revenues and supporting more stable cash generation over time.
In fiscal 2023, the company continued to prioritize projects in São Paulo and other key urban regions, where demand for professionally managed rental housing supports occupancy and rental rate dynamics across its portfolio.
Even product focus in Brazilian housing
Within its Brazilian operations, Even focuses on residential developments and rental housing communities aimed at middle income urban residents, combining development expertise with long term asset management.
Even stock on B3 exchange
Even stock is listed on the B3 exchange in São Paulo under a local ticker associated with its Brazilian listing, providing investors with exposure to the countrys residential development and rental housing market through a company with growing net income and expanding gross margin.
Even stock at a glance
- Company: Even Construtora e Incorporadora S.A.
- ISIN: BREVENACNOR8
- Trading venue: B3 (São Paulo)
- Sector / Industry: Real Estate / Residential Development and Rental
- Index membership: Not a constituent of major global indices such as S&P 500, FTSE 100, or DAX
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