Cyrela: Absolute Funds raise stake in co. to 10.11%

Cyrela has seen a recent increase in its shareholding from Absolute Funds, which now holds a 10.11% stake in the company. This development comes amid ongoing strategic shifts within Cyrela, including its gradual reduction of its stake in Cury Construtora, a move that has been underway since 2021. At that time, Cyrela held 48.25% of Cury’s shares, but by early 2026, reduced to 15.08%. The proceeds from these sales have contributed significantly to Cyrela’s financial performance, with the company reporting a net profit of R$ 609 million in the third quarter of 2025, a 29% increase year-over-year.

Absolute Funds, which manages long/short closed-end funds and emphasizes capital preservation and alpha-oriented returns, has not disclosed the specific timing or rationale for its increased stake in Cyrela. However, the move aligns with broader investor interest in the Brazilian real estate sector, particularly in companies with exposure to the affordable housing market, where Cury has demonstrated strong performance. Cury’s 2025 operational preview reported record net sales of R$ 7.8 billion, a 25.8% increase from the prior year.

Cyrela’s strategic focus has also shifted toward Lavvi, a high-end real estate developer in which it holds a 62% stake. While Lavvi’s stock performance has been mixed in recent months, the company saw a nearly 130% increase in share value in 2025. Cyrela’s evolving portfolio and capital allocation decisions continue to shape its position in the competitive Brazilian real estate landscape.