São Carlos Emprendientos E Participacoes S.A. is a commercial real estate investment and management firm operating in Brazil that buys, manages, leases, and sells high-end corporate buildings. The company began its history as a subsidiary of Lojas Americanas. Its current business model and asset transfer occurred in 1998. After acquiring the property, which are generally in well-located existing large office towers, the company went on to implement active management, created a turnaround through reduced expenses and greater efficiency, and increased value through increases in rental income or property disposal after price appreciation. Most of the company's projects are convenience stores.
How many years of EBITDA are required to pay off the company's net debt considering the lease agreements, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
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