Sao Carlos traded at 13.90 this Monday March 16th, increasing 0.21 or 1.53 percent since the previous trading session. Looking back, over the last four weeks, Sao Carlos gained 8.49 percent. Over the last 12 months, its price fell by 22.61 percent. Looking ahead, we forecast Sao Carlos to be priced at 13.33 by the end of this quarter and at 12.29 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sao Carlos Empreendimentos e Participacoes SA is a Brazil-based company principally engaged in the commercial real estate sector. The Company is involved in the management of its own or third party real estate properties, leasing of property and operation of parking lots. The Company''s real estate portfolio includes office buildings, distribution centers and street stores, located in the states of Sao Paulo, Rio de Janeiro, Minas Gerais and Rio Grande do Sul. As of December 31, 2011, the Company''s subsidiaries included 253 Participacoes Ltda, SC Corretora de Imoveis Ltda, SC Varejo Grande SP Empreendimentos e Participacoes Ltda, Top Center Empreendimentos e Participacoes Ltda and SC Sul Empreendimentos e Participacoes Ltda, among others. In November, 2013, the Company concluded sale of property Brazilian Financial Center to Fundo de Investimento Imobiliario FII Prime Portfolio and it received BRL 250 million.