MEXICO · HOMEBUILDING
Key Facts
- The country Mexico is a North American country of about 134 million people and one of the largest trading partners of the United States.
- What happened Consorcio ARA, a Mexican homebuilder listed in Mexico City, posted its third-quarter 2026 results on 21 October 2026.
- The numbers Sales rose 28.7% to 2.58 billion pesos (about US$138.5 million), while net profit stayed at 199.6 million pesos (about US$10.7 million).
- Earnings per share Earnings were 0.46 pesos a share (about US$0.025), against 0.45 pesos (about US$0.024) a year earlier.
- The catch Profit stayed flat because the tax charge rose to 25.6% of pre-tax profit from 17.3% a year earlier.
- The US link ARA lists land in 18 Mexican states and is launching homes in border city Tijuana, so its sales gauge demand next to the US.
- Power Index Mexico ranks 2nd of 14 in The Rio Times Latin America Power Index, with 71.4 points (October 2026 edition).
Consorcio ARA profit held at 199.6 million pesos (about US$10.7 million) in the third quarter of 2026, although sales at the Mexican homebuilder jumped 28.7%. The company filed the figures with the Mexican stock exchange on Wednesday 21 October 2026, and the numbers here come from that filing.
For US readers, Consorcio ARA shows whether Mexican families still buy homes, which affects the peso and consumer spending. Earnings per share came to 0.46 pesos (about US$0.025), up from 0.45 pesos (about US$0.024) a year earlier.
Consorcio ARA Profit Held Flat in Q3
Consorcio ARA earned 199.6 million pesos (about US$10.7 million) for its shareholders in the three months to 30 September 2026. A year earlier the figure was also 199.6 million pesos (about US$10.7 million), so profit did not move.
Earnings per share rose to 0.46 pesos (about US$0.025) from 0.45 pesos (about US$0.024). Net profit itself rose only 0.03%, so the one-cent gain is a small move.
Sales Rose Faster Than Costs
Revenue reached 2.58 billion pesos (about US$138.5 million), up from 2.01 billion pesos (about US$107.6 million) a year earlier. For the first nine months of 2026, sales were 7.17 billion pesos (about US$385.1 million), up 21.0%.
Gross profit, which is sales minus the direct cost of building homes, grew 23.9% to 664.3 million pesos (about US$35.7 million). The gross margin slipped to 25.7% from 26.7%, which means each peso of sales left a little less after construction costs.
Why Profit Stayed Flat
Operating profit rose 15.8% to 228.2 million pesos (about US$12.2 million), and pre-tax profit rose 11.1% to 268.5 million pesos (about US$14.4 million). The tax charge, however, climbed to 68.7 million pesos (about US$3.7 million) from 41.8 million pesos (about US$2.2 million).
That lifted the tax rate to 25.6% of pre-tax profit from 17.3%, which absorbed the gain. Administrative costs also grew 38.1% to 142.3 million pesos (about US$7.6 million), faster than sales.
What the Balance Sheet Shows
At 30 September 2026 the company held 2.02 billion pesos (about US$108.5 million) in cash. Its financial liabilities, mostly borrowings and bonds, totalled 2.42 billion pesos (about US$130.2 million).
Equity stood at 16.6 billion pesos (about US$890.7 million), and unsold homes and land in inventory were worth 19.9 billion pesos (about US$1.07 billion). In July the company paid a dividend of 200 million pesos (about US$10.7 million), or about 0.16 pesos (about US$0.009) a share.
A Bond Repaid Early
On 21 October the Mexican stock exchange published a notice that ARA plans to repay its entire ARA 23X bond early on 29 October 2026. The payment is 1.20 billion pesos (about US$64.4 million), and Monex, a Mexican brokerage, represents the bondholders.
The notice does not say how the company will fund the repayment. Cash alone, at 2.02 billion pesos (about US$108.5 million), would cover it.
Where ARA Is Building Next
In its second-quarter report ARA said it had 46 active projects and about 29.4 million square metres of land, enough for roughly 111,000 homes. It planned to start selling homes in a new social-interest project in Tijuana, on the US border, during the third quarter.
The company also said it would begin building two projects in Mérida, a new market for it, with first sales expected in early 2027. Between January and June it sold 3,140 homes at an average price of 1.42 million pesos (about US$76,100).
What It Means for US Readers
Investors who follow Mexican stocks get a signal that housing demand held up, with sales growing nearly 29% in a single quarter. ARA trades in Mexico City under the ticker ARA, so most US investors would need a broker with access to Mexican shares.
Strong Mexican home sales support household spending and the peso, which was near 18.63 to the US dollar on 22 October. Higher building costs matter too, because oil-driven price rises added 5% to 6% to Mexican home costs earlier this year, according to a May report.
What Is Not Known
The filing does not give the number of homes sold in the third quarter, so the split between higher prices and more homes is open. The company has not yet explained the higher tax rate or the faster rise in administrative costs.
It is also unclear whether ARA will keep sales growth near 29% in the fourth quarter. Management has said it is confident of reaching its 2026 target but has not published a figure.
More: Mexico news in English, every day from The Rio Times.
Frequently Asked Questions
What is Consorcio ARA?
Consorcio ARA is a Mexican homebuilder that also owns shopping centres, listed on the Mexican stock exchange under the ticker ARA. Its Mexican stock exchange profile lists land for future homes in 18 of Mexico’s states as of 30 June 2026.
How much did Consorcio ARA earn in the third quarter of 2026?
Consorcio ARA earned 199.6 million pesos (about US$10.7 million) for its shareholders, the same as a year earlier. Earnings per share were 0.46 pesos (about US$0.025).
Why did profit stay flat when sales rose 28.7%?
The tax charge rose to 25.6% of pre-tax profit from 17.3%, and administrative costs grew 38.1%. Together they absorbed the extra sales.
How did earnings per share compare with a year earlier?
Earnings were 0.46 pesos (about US$0.025) a share, up from 0.45 pesos (about US$0.024) in the same quarter of 2025. Net profit itself was unchanged at 199.6 million pesos (about US$10.7 million).
Where do the figures come from?
They come from the company’s quarterly financial statements filed with the Mexican stock exchange on 21 October 2026. The peso amounts are converted at about 18.63 pesos to the US dollar, the rate on 22 October 2026.
Sources: Consorcio ARA, quarterly financial statements for the third quarter of 2026, filed with the Bolsa Mexicana de Valores, 21 October 2026; Bolsa Mexicana de Valores, ARA 23X early redemption notice, 21 October 2026; Consorcio ARA, second-quarter 2026 results report, 22 July 2026.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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