By Igor Sodre
Brazilian homebuilder Tenda BMFBOVESPA:TEND3 aims to increase its foreign investor ownership to more than 50% by the end of 2026, from the current 20%, Chief Financial Officer Luiz Mauricio Garcia told Reuters in an interview on Wednesday.
The company heavily targeted international investor relations in the second half of 2025, participating in conferences and roadshows in New York, London, Singapore and Hong Kong.
"We must make the company better known," Garcia said.
The executive noted the company has now exceeded a market cap threshold that previously excluded it from many foreign investors' portfolios.
He said that some peers have foreign ownership as high as 70%.
Tenda has a market capitalization of 3.2 billion reais ($594.96 million), according to LSEG data.
It expects 2026 net profit between 520 million reais and 600 million reais.
The company reported 46.6% year-on-year net profit growth in the third quarter of 2025.
($1 = 5.3785 reais)