Tiago Lima's questions to AGRO3.SA leadership • Q3 2024
Question
Tiago Lima from Suno Research asked if the current market is favorable for new land acquisitions and if any deals are in progress. He also questioned whether the company plans to increase its land leasing and if this indicates a strategic shift towards an asset-lighter business model.
Answer
Executive André Guillaumon responded that while the company is actively looking for acquisition opportunities due to financial stress in the market, there are no specific deals in the pipeline to announce. He clarified that the company is not moving to a fully asset-light model, as owning land is intrinsic to its real estate value generation strategy. Guillaumon reiterated the company's belief in a combined model, balancing owned assets with leased land to optimize operational results and capital efficiency, targeting a 50-55% ratio.