Tuesday, May 17, 2022

XP Inc. (XP) stock fell during after-hours trading. Here’s to what’s happening

XP Inc. (NASDAQ: XP) stock surged by 3.49% at last close whereas the XP stock price drops by 4.62% in the after-hours trading session. XP is a premier supplier of low-cost financial goods and services in Brazil, with a competitive, technology-driven system.


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XP stock’ Recent Development

XP revealed that it has struck a deal to invest in the real estate finance company Direto with Direcional Engenharia (BVMF: DIRR3).


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The purchase of 49.9% of Direto’s capital, which is still depending on regulatory clearance, is a significant milestone for XP Inc. in a promising industry where Direcional has demonstrated experience over the course of its forty-year existence.

Direto will depend on XP’s distribution structure, technology platform, and finance solutions, as well as Direcional’s real estate market understanding and efficiency, engaging in business development and the construction of a staff with considerable real estate and credit research experience. Direto’s management will remain separate from its stockholders, with offices in So Paulo and Belo Horizonte.

Three main options will be provided at first:

  • Loans for the purchase of new as well as already used properties, including joint ventures with other financial institutions.
  • Home equity, which refers to the use of a home as collateral for loans.
  • Purchasing receivables portfolios from property developers.

Furthermore,

The transaction will enable XP Inc. to extend its real estate activities, where it is currently a leading player in the design and marketing of Certificates of Real Estate Receivables (CRI) and Real Estate Investment Trusts (REIT), as well as in the securitization market. The Brazilian real estate industry provides numerous prospects, is massive, but is still vulnerable and ineffective in some categories. This cooperation is another step forward in this area, and it is in line with XP Inc.’s long-term strategic objective to provide more solutions to customers and extend their addressable market while keeping an asset-light business model.

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