Corpovael (CADU) is a holding company with vertically-integrated operations in the majority of its housing industry activities, which together with its Subsidiaries, is engaged in the development of new homes, in the Affordable entry-level, Middle-Income, Middle-Income Residential and Residential segments. Its activities include the design, urbanization, construction, marketing and commercialization of homes.
CADU executed its Initial Public Offering at Mexbol in 2015, under the ticker symbol “CADU”.
Since its inception (2001) to the date, CADU has sold more than 110,000 homes in 6 states of Mexico. CADU is the leading player in the state of Quintana Roo, with a market share above the 36% mark (most recent information according to the INFONAVIT). And it was the first home builder to pursue a certified development in the state (a government-run scheme to promote a more orderly, dense, fair and sustainable urban growth), as CADU fully met the highest standards in infrastructure, services, equipment and sustainability required for the endeavor.
CADU has managed to maintain competitive margins, as it is its ROE, despite the different crisis in the Mexican housing sector, due to the significant achievements in efficiencies, improvements of housing development and cost reductions, generated by its highly vertically-integrated operations and its business model focused on a sustainable growth and high profitability.
*ROE decreased in 2015 as a result of a wider capital base derived from our IPO.
**ROE and EBITDA declined as a result of the effects of the COVID-19 pandemic.
In addition to the aforementioned, CADU's sustained growth has been driven by unique strengths that distinguish it as one of the leading housing developers in Mexico, such as:
CADU will seek to achieve its objective of further strengthening its market position, through the implementation of initiatives aimed at maximizing profitability, as well as increasing its participation in the middle-income, middle-income residential and residential segments.
To be a company recognized for its high-quality standards in the Mexican housing development sector, as well as for its dedication to deliver the best purchasing experience in the market.
Develop and commercialize competitive and affordable housing solutions that exceed the expectations of our customers.
In 2014 and 2015, CADU was honored with the Mejores Empresas Mexicanas (Best Mexican Companies) Award granted by Banamex, Deloitte and the Tecnologico de Monterrey, for its good labor practices, high-performance business management, financial results, among other elements.
In 2020, as a result of its strong Environmental Social and Governance (ESG) commitment, CADU obtained the Prime Certification granted by Bancomext, NAFIN, BMV, BIVA and AMIB. This certification encourages the institutionalization of Mexican companies.