Analysis of performance indicators of real estate developers at B3 between 2017 and 2020

Blader Henrique de Lira Soares and Lumila Souza Girioli Camargo

Quaestum, 2023, vol. 4

Abstract: The construction sector was significant to the national economy, both in terms of its 6.48% share of the Gross Domestic Product (GDP) in 2012 and in the generation of more than 2.2 million direct jobs, reaching its peak in 2012. However, the health crisis generated by the SARS-CoV-2 pandemic, which causes COVID-19, appears to have exacerbated the decline in performance and reduced the sector's share of the 2020 GDP compared to 2019. This study aimed to highlight the impact of the health pandemic on the liquidity, profitability, and indebtedness of real estate development companies listed on the São Paulo Stock Exchange and headquartered in the same state, comparing the results of nine indexers obtained from standardized accounting information provided by B3 for the calendar years 2017 to 2020. The results showed that the pandemic did not have a direct impact on most of the indexers, and that, among... Of these, only the profitability indices did not show better results in the analyzed period; liquidity, in turn, suffered a reduction, accompanied by a significant increase in the degree of indebtedness. However, due to the temporal limitation of this study, verifying the effects of the Covid-19 pandemic on the performance indexes of real estate developers will require a more detailed examination of macro and microeconomic hypotheses (causes) and their long-term impacts on the sector analyzed.

Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 2023
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