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CADU Residential

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uuid002pbpf

Namestring
CADU Residential
Legal namestring
INMOCCIDENTE, S.A. de C.V. (CADU RESIDENCIAL)
Company typeenum
Private
Founded yearint
2011
Descriptiontext

CADU Residential (legally INMOCCIDENTE, S.A. de C.V.) is a private Mexican residential real estate developer founded in 2011 and headquartered at Av. México - Tacuba #94, Col. Anáhuac Sección II, Alcaldía Miguel Hidalgo, Mexico City. The company develops, sells, and rents residential housing units (departamentos/casas) targeted at middle-class Mexican families acquiring a primary residence. Its current portfolio comprises nine named developments: Lago, Constantino, DELTA, Eje 505, Eje Central 406, Naranjo, Neva, Oasis, and Reforma. CADU Residential operates as a single brand entity within the broader Grupo CADU group, alongside sister divisions CADU Inmobiliaria Cancún Playa, Urban Home, and CADU Guadalajara.

Revenue is generated through one-time sales of residential units to individual buyers, supplemented indirectly by completed transactions facilitated through mortgage financing arrangements. CADU Residential maintains a distribution network of nine financing partners — the government housing funds INFONAVIT and FOVISSSTE, and seven Mexican banks (BBVA, HSBC, Scotiabank, Banamex, Banorte, IXE, Banjercito) — together with Buró de Crédito for credit review. The company differentiates itself through a dedicated Postventa (after-sales) department that verifies property condition and schedules delivery, and through registration of adhesion contracts (numbers 1883-2023 and 2907-2023) with PROFECO for consumer protection.

CADU Residential operates a sales-led go-to-market model: prospective buyers are acquired through the corporate website (caduresidencial.com), direct phone and email contact, and cross-referrals from the Grupo CADU ecosystem. There is no app, no public API, and no disclosed proprietary technology stack; the company is not AI-enabled. Pricing is not publicly disclosed — buyers are directed to contact the company for quotations. The firm employs 51-100 people, operates only within Mexico City, and reports no external institutional investors or public listing.

Short descriptiontext

CADU Residential (legally INMOCCIDENTE, S.A. de C.V.) is a Mexico City-based residential real estate developer founded in 2011 that builds, sells, and rents middle-class housing units across nine named developments, serving individual Mexican homebuyers via government- and bank-financed mortgage channels.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersMiguel Hidalgo, Mexico
HQ citystring
Miguel Hidalgo
HQ countrystring
Mexico
HQ regionstring
Latin America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
residential real estate development, apartment construction, home sales Mexico, housing development, mortgage financing facilitation
Industry3 codes
1Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities)
CodeIMAFABALPrimaryYes
2Residential General Contracting (New Build)
CodeIMAFAAABPrimaryNo
3Residential Design-Build & Renovation-Integrated Builders
CodeIMAFABAEPrimaryNo
NAICS code1 code
  • New Housing For-Sale Builders236117
SIC code2 codes
  • Land Subdividers & Developers (No Cemeteries)6552
  • General Bldg Contractors - Residential Bldgs1520
Product category
Residential Real Estate Development
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Residential Property Sales
TypeOne Time License
Description

CADU Residential generates revenue through the sale of residential real estate units (departamentos/casas) to individual buyers. Revenue is one-time per transaction, collected at the point of sale or upon delivery of the property.

caduresidencial.com
2Mortgage Financing Facilitation
TypeTransaction Fee
Description

CADU Residential facilitates credit/financing for property buyers through partnerships with INFONAVIT, FOVISSSTE, and Mexican banking institutions. While the financing flows through third parties, CADU earns revenue indirectly through completed property transactions facilitated by these mortgage arrangements.

caduresidencial.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

CADU Residential develops, markets, and sells residential apartment/condominium units (departamentos) for primary residence through a portfolio of nine housing developments (Lago, Constantino, DELTA, Eje 505, Eje Central 406, Naranjo, Neva, Oasis, and Reforma) located in Mexico City. The company facilitates buyer financing through partnerships with INFONAVIT, FOVISSSTE, and major Mexican banks, and supports buyers after sale via a dedicated Postventa department that verifies property condition and schedules unit delivery.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

CADU Residential (legally INMOCCIDENTE, S.A. de C.V.) is a Mexican residential real estate developer offering a portfolio of nine named housing developments: CADU Lago, CADU Constantino, CADU DELTA, CADU Eje 505, CADU Eje Central 406, CADU Naranjo, CADU Neva, CADU Oasis, and CADU Reforma. These are apartment/condominium developments (departamentos) for residential use (casa habitación). The company operates as a single brand platform focused on residential property development and sales, complemented by a Postventa (after-sales) service that handles property delivery verification and buyer support. CADU Residential is part of Grupo CADU, which includes related entities such as CADU Inmobiliaria Cancún Playa, Urban Home, and CADU Guadalajara.

Product and service10 records
1CADU Lago
CategoryResidential development
Description

Residential housing development (desarrollo) featuring apartment units with lake views, part of CADU Residential's portfolio of residential complexes for individual homebuyers seeking primary residence.

2CADU Constantino
CategoryResidential development
Description

Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.

3CADU DELTA
CategoryResidential development
Description

Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.

4CADU Eje 505
CategoryResidential development
Description

Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.

5CADU Eje Central 406
CategoryResidential development
Description

Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.

6CADU Naranjo
CategoryResidential development
Description

Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.

7CADU Neva
CategoryResidential development
Description

Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.

8CADU Oasis
CategoryResidential development
Description

Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.

9CADU Reforma
CategoryResidential development
Description

Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.

10Postventa (After-Sales Service)
CategoryAfter-sales service
Description

Post-sale service department responsible for verifying property condition and scheduling delivery of residential units to buyers; supports the buyer journey from acquisition through unit hand-over.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

One of Mexico's largest homebuilders, focused on affordable and middle-income housing with strong reliance on government mortgage funds. Comparable to CADU as a for-sale residential developer serving the same INFONAVIT/FOVISSSTE-financed buyer segment.

TypeDirect peer
Description

Listed Mexican homebuilder focused on middle-income, mortgage-financed housing developments including apartments and entry-level homes. Highly comparable to CADU in target buyer (INFONAVIT/FOVISSSTE/bank-financed families), product type (housing developments for sale), and geography (Mexican metros).

TypeDirect peer
Description

Mexican housing developer focused on middle-income families acquiring primary residences via mortgage financing. Highly comparable to CADU's buyer profile and for-sale residential apartment model.

TypeDirect peer
Description

Mexican residential developer with a diversified portfolio of housing developments for sale across multiple Mexican metros. Comparable to CADU's core activity of building and selling residential housing developments.

TypeDirect peer
Description

Mexican residential homebuilder with operations across multiple states, focused on middle-income housing developments. Comparable in target customer, financing channel reliance, and product type (housing developments for sale).

TypeBroad incumbent
Description

Mexican industrial and residential REIT with broad real estate exposure including residential land. Comparable as a larger, capital-markets-funded incumbent operating in Mexican residential real estate, though primarily as an investor/land bank rather than a for-sale developer.

TypeRegional player
Description

Sister entity within Grupo CADU operating in Cancún/Quintana Roo. Comparable to CADU Residential as a sister homebuilder under the same group umbrella, but operating in a different geography (Cancún vs. Mexico City).

TypeOthers
Description

Mexico's main consumer credit bureau. Comparable as an enabling ecosystem participant—CADU uses Buró de Crédito for buyer credit verification within its mortgage-financing workflow.

TypeDirect peer
Description

Historic Mexican homebuilder, restructured, that historically focused on affordable and middle-income for-sale housing using government mortgage channels. Comparable to CADU in target segment and product, though currently on a different operational footing.

10CADU Guadalajara
TypeRegional player
Description

Sister entity within Grupo CADU serving the Guadalajara/Jalisco market. Comparable as a same-brand developer of for-sale residential housing in a different Mexican metro.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

CADU Residential

Residential Real Estate Developmentcaduresidencial.com

CADU Residential (legally INMOCCIDENTE, S.A. de C.V.) is a Mexico City-based residential real estate developer founded in 2011 that builds, sells, and rents middle-class housing units across nine named developments, serving individual Mexican homebuyers via government- and bank-financed mortgage channels.

What CADU Residential does

CADU Residential (legally INMOCCIDENTE, S.A. de C.V.) is a private Mexican residential real estate developer founded in 2011 and headquartered at Av. México - Tacuba #94, Col. Anáhuac Sección II, Alcaldía Miguel Hidalgo, Mexico City. The company develops, sells, and rents residential housing units (departamentos/casas) targeted at middle-class Mexican families acquiring a primary residence. Its current portfolio comprises nine named developments: Lago, Constantino, DELTA, Eje 505, Eje Central 406, Naranjo, Neva, Oasis, and Reforma. CADU Residential operates as a single brand entity within the broader Grupo CADU group, alongside sister divisions CADU Inmobiliaria Cancún Playa, Urban Home, and CADU Guadalajara.

Revenue is generated through one-time sales of residential units to individual buyers, supplemented indirectly by completed transactions facilitated through mortgage financing arrangements. CADU Residential maintains a distribution network of nine financing partners — the government housing funds INFONAVIT and FOVISSSTE, and seven Mexican banks (BBVA, HSBC, Scotiabank, Banamex, Banorte, IXE, Banjercito) — together with Buró de Crédito for credit review. The company differentiates itself through a dedicated Postventa (after-sales) department that verifies property condition and schedules delivery, and through registration of adhesion contracts (numbers 1883-2023 and 2907-2023) with PROFECO for consumer protection.

CADU Residential operates a sales-led go-to-market model: prospective buyers are acquired through the corporate website (caduresidencial.com), direct phone and email contact, and cross-referrals from the Grupo CADU ecosystem. There is no app, no public API, and no disclosed proprietary technology stack; the company is not AI-enabled. Pricing is not publicly disclosed — buyers are directed to contact the company for quotations. The firm employs 51-100 people, operates only within Mexico City, and reports no external institutional investors or public listing.

CADU Residential firmographics

Firmographics
Name
CADU Residential
Legal name
INMOCCIDENTE, S.A. de C.V. (CADU RESIDENCIAL)
Website
https://caduresidencial.com
Company type
Private
Founded year
2011
Operating status
Operating
Headcount range
51–100 employees
Short description
CADU Residential (legally INMOCCIDENTE, S.A. de C.V.) is a Mexico City-based residential real estate developer founded in 2011 that builds, sells, and rents middle-class housing units across nine named developments, serving individual Mexican homebuyers via government- and bank-financed mortgage channels.
Ownership category
akta.pro rank

CADU Residential industry classification

Industry
Product category
Residential Real Estate Development
NAICS
New Housing For-Sale Builders (236117)
SIC
Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)
akta.pro primary industry
Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
akta.pro secondary industries
Residential General Contracting (New Build) (IMAFAAAB), Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

  • Residential real estate development
  • Apartment construction
  • Home sales Mexico
  • Housing development
  • Mortgage financing facilitation

Where CADU Residential is headquartered

Location

Headquarters

HQ city
Miguel Hidalgo
HQ country
Mexico
HQ region
Latin America

Offices1 record

Markets served

CADU Residential business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

  1. Residential Property Sales: CADU Residential generates revenue through the sale of residential real estate units (departamentos/casas) to individual buyers. Revenue is one-time per transaction, collected at the point of sale or upon delivery of the property.
  2. Mortgage Financing Facilitation: CADU Residential facilitates credit/financing for property buyers through partnerships with INFONAVIT, FOVISSSTE, and Mexican banking institutions. While the financing flows through third parties, CADU earns revenue indirectly through completed property transactions facilitated by these mortgage arrangements.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

CADU Residential product offering

Product offering

Core offering

CADU Residential develops, markets, and sells residential apartment/condominium units (departamentos) for primary residence through a portfolio of nine housing developments (Lago, Constantino, DELTA, Eje 505, Eje Central 406, Naranjo, Neva, Oasis, and Reforma) located in Mexico City. The company facilitates buyer financing through partnerships with INFONAVIT, FOVISSSTE, and major Mexican banks, and supports buyers after sale via a dedicated Postventa department that verifies property condition and schedules unit delivery.

Product overview

CADU Residential (legally INMOCCIDENTE, S.A. de C.V.) is a Mexican residential real estate developer offering a portfolio of nine named housing developments: CADU Lago, CADU Constantino, CADU DELTA, CADU Eje 505, CADU Eje Central 406, CADU Naranjo, CADU Neva, CADU Oasis, and CADU Reforma. These are apartment/condominium developments (departamentos) for residential use (casa habitación). The company operates as a single brand platform focused on residential property development and sales, complemented by a Postventa (after-sales) service that handles property delivery verification and buyer support. CADU Residential is part of Grupo CADU, which includes related entities such as CADU Inmobiliaria Cancún Playa, Urban Home, and CADU Guadalajara.

Differentiator

Problem solved

Functional benefit

Products and services

  • CADU Lago Residential housing development (desarrollo) featuring apartment units with lake views, part of CADU Residential's portfolio of residential complexes for individual homebuyers seeking primary residence.
  • CADU Constantino Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.
  • CADU DELTA Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.
  • CADU Eje 505 Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.
  • CADU Eje Central 406 Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.
  • CADU Naranjo Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.
  • CADU Neva Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.
  • CADU Oasis Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.
  • CADU Reforma Residential housing development (desarrollo) in the CADU Residential portfolio of apartment complexes marketed to individual homebuyers.
  • Postventa (After-Sales Service) Post-sale service department responsible for verifying property condition and scheduling delivery of residential units to buyers; supports the buyer journey from acquisition through unit hand-over.

Companies that use CADU Residential

Customer profile

Segments1 record

Ideal customer profiles1 record

CADU Residential technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

CADU Residential partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

CADU Residential competitors and assessment

Company assessment

Direct peers

  • Javer: One of Mexico's largest homebuilders, focused on affordable and middle-income housing with strong reliance on government mortgage funds. Comparable to CADU as a for-sale residential developer serving the same INFONAVIT/FOVISSSTE-financed buyer segment.
  • Vinte Viviendas Integrales: Listed Mexican homebuilder focused on middle-income, mortgage-financed housing developments including apartments and entry-level homes. Highly comparable to CADU in target buyer (INFONAVIT/FOVISSSTE/bank-financed families), product type (housing developments for sale), and geography (Mexican metros).
  • Quiero Casa: Mexican housing developer focused on middle-income families acquiring primary residences via mortgage financing. Highly comparable to CADU's buyer profile and for-sale residential apartment model.
  • Desarrolladora ARA: Mexican residential developer with a diversified portfolio of housing developments for sale across multiple Mexican metros. Comparable to CADU's core activity of building and selling residential housing developments.
  • Sare: Mexican residential homebuilder with operations across multiple states, focused on middle-income housing developments. Comparable in target customer, financing channel reliance, and product type (housing developments for sale).
  • Homex: Historic Mexican homebuilder, restructured, that historically focused on affordable and middle-income for-sale housing using government mortgage channels. Comparable to CADU in target segment and product, though currently on a different operational footing.

Broad incumbents

  • Fibra Macquarie: Mexican industrial and residential REIT with broad real estate exposure including residential land. Comparable as a larger, capital-markets-funded incumbent operating in Mexican residential real estate, though primarily as an investor/land bank rather than a for-sale developer.

Regional players

  • CADU Inmobiliaria Cancún Playa: Sister entity within Grupo CADU operating in Cancún/Quintana Roo. Comparable to CADU Residential as a sister homebuilder under the same group umbrella, but operating in a different geography (Cancún vs. Mexico City).
  • CADU Guadalajara: Sister entity within Grupo CADU serving the Guadalajara/Jalisco market. Comparable as a same-brand developer of for-sale residential housing in a different Mexican metro.

Others

  • Buró de Crédito: Mexico's main consumer credit bureau. Comparable as an enabling ecosystem participant—CADU uses Buró de Crédito for buyer credit verification within its mortgage-financing workflow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

CADU Residential social profiles

Digital presence

CADU Residential financial estimates

Financial estimate

Revenue estimate

Valuation estimate

CADU Residential leadership team

Management profile

Number of profiles

CADU Residential funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

CADU Residential M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CADU Residential

What does CADU Residential do?

CADU Residential develops, markets, and sells residential apartment/condominium units (departamentos) for primary residence through a portfolio of nine housing developments (Lago, Constantino, DELTA, Eje 505, Eje Central 406, Naranjo, Neva, Oasis, and Reforma) located in Mexico City. The company facilitates buyer financing through partnerships with INFONAVIT, FOVISSSTE, and major Mexican banks, and supports buyers after sale via a dedicated Postventa department that verifies property condition and schedules unit delivery.

Is CADU Residential a public or private company?

CADU Residential is a private company. It is classified as corporate owned and is currently operating.

When was CADU Residential founded?

CADU Residential was founded in 2011. It employs 51 to 100 people.

Where is CADU Residential based?

CADU Residential is headquartered in Miguel Hidalgo, Mexico, in the Latin America region.

How does CADU Residential make money?

Two revenue lines are on record. Residential Property Sales are the primary driver. The others are mortgage Financing Facilitation.

Who are CADU Residential's main competitors?

Direct peers on record are Javer, Vinte Viviendas Integrales, Quiero Casa, Desarrolladora ARA, Sare and Homex. Fibra Macquarie is listed as a broad incumbent. Regional players are CADU Inmobiliaria Cancún Playa and CADU Guadalajara. Buró de Crédito is listed as an others.

Does CADU Residential have an API?

No public API is recorded for CADU Residential.

What industry is CADU Residential in?

CADU Residential's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of IMAFAAAB, Residential General Contracting (New Build). Its NAICS code is 236117 and its SIC code is 6552.

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Live signals
PR NewswireCADU reportó crecimientos de 18.6% en utilidad neta y 11.6% en UAFIDA durante el 1T de 2018Corpovael S.A.B. de C.V. (CADU) reported its Q1 2018 financial results, posting total revenues of Ps.705 million (up 14.2%), net income of Ps.107 million (up 18.6%), and EBITDA of Ps.156 million (up 11.6%) compared to Q1 2017. The company generated positive free cash flow of Ps.76 million, a turnaround from negative Ps.219 million in the same period last year, and successfully placed a Ps.500 million corporate bond (CADU 18) in February. CADU, a Mexican social and mid-income housing developer operating in Quintana Roo, Valle de México, and Jalisco, emphasized maintaining adequate liquidity to navigate adverse scenarios and pursue new investment opportunities.PR NewswireCADU reporta utilidad neta de Ps.90 millones en el primer trimestre de 2017CADU reported a net profit of Ps.90 million for the first quarter of 2017, marking an increase in net margin to 14.6% compared to the previous year. Total revenues decreased by 29.6% due to delays in credit limit releases from INFONAVIT, which the company attributes to seasonal factors that will not impact its full-year guidance. Despite lower revenues, CADU expressed confidence in meeting its annual targets driven by improved subsidy rules and increased credit capacity for beneficiaries.PR NewswireCADU reportó en 2016 un crecimiento en utilidad neta de 36.9% al alcanzar $589 millones de pesosCADU reported a 36.9% increase in net profit for 2016, reaching 589 million pesos, surpassing its annual growth targets. The company also achieved a 30.7% revenue growth in the fourth quarter of 2016 compared to the previous year. Despite citing a challenging national economic scenario, CADU expressed confidence in maintaining double-digit growth rates for 2017.PR NewswireCADU reportó un crecimiento en EBITDA (UAFIDA) de 15.85% y una utilidad neta de Ps.145 millones (+24.5%) en el 3T16CADU (Corpovael, S.A.B. de C.V.) reported strong third quarter 2016 results, with EBITDA growing 15.85%, net profit increasing 24.5% to 145 million pesos, and total revenue rising 17.7% to 1,017 million pesos compared to Q3 2015. The company began escrituration of its Astoria medium-income housing development in Cancún, which accounted for 12% of housing sales revenue and contributed to a 10.6% quarter-over-quarter increase in average home prices. Subsidy-dependent customers declined to 53% from 71% in Q3 2015, reflecting a downward trend in subsidy utilization.PR NewswireCADU realiza pago de dividendosCADU (Corpovael) announced the payment of the first tranche of a cash dividend approved at its April 28, 2016 shareholders' meeting, distributing Ps.130,931,228 (Ps.0.38 per share) from 2013 CUFIN reserves, tax-exempt for individual shareholders. The second and final tranche of Ps.97,452,859 (Ps.0.28 per share) will be paid before June 30, 2016, with applicable withholding tax for individual investors.