Construtora Tenda S/A. Stock Analysis TEND3.SA

Construtora Tenda SA engages in construction and real estate business. The company is headquartered in Sao Paulo, Sao Paulo and currently employs 7,015 full-time employees. The company went IPO on 2017-05-04. The firm's revenues come mainly from the incorporation and sale of autonomous units, under the Tenda and Alea brands, aimed at the affordable housing segment. Alea operates as an off-site housing construction platform - which consists of producing houses in a factory environment using wood-frame panels, only assembling them on the construction site. The firm is a part of the Minha Casa Minha Vida (MCMV) program, a housing initiative of the federal government of Brazil. The program provides subsidies and reduced interest rates to make the acquisition of affordable housing more accessible, both in urban and rural areas, with the aim of addressing the housing deficit in Brazil. Construtora Tenda S/A has projects in 9 states in Brazil: Ceara, Pernambuco, Bahia, Minas Gerais, Rio de Janeiro, Sao Paulo, Goais, Parana, Rio Grande do Sul and Campinas.