Evidenciação das propriedades para investimento CPC 28: uma análise nas companhias do setor de exploração de imóveis negociadas na B3

Abstract

This study aimed to analyze the level of disclosure of Investment Properties (Propriedades Para Investimento - PPI) in brazilian companies in the real estate development sector, in light of the conditional requirements of Technical Pronouncement CPC 28. Characterized as descriptive and documentary research, with a qualitative-quantitative approach, the investigation used a non-probabilistic sample composed of six companies listed on the B3 stock exchange, covering the period from 2020 to 2024. Data was collected using Standardized Financial Statements, with emphasis on the Explanatory Notes. The results showed the predominance of the cost method for subsequent measurement of PPI, adopted by five of the six companies surveyed, while only one opted for the fair value model. It should be noted that companies generally comply with quantitative disclosure requirements, especially those related to rental income and operating expenses of income-generating assets. However, gaps were identified in the disclosure of qualitative and structural information, such as expenses related to idle properties, measurement criteria, and information about independent appraisers. The consolidated Disclosure Index revealed heterogeneous compliance with regulatory requirements, with variations across specific periods. It is concluded that, although the core criteria of CPC 28 are met, there is still a need for improvement in the consistency and detailment of the information disclosed. This involves greater transparency and usefulness for users, considering that this improvement is directly related to the improvement of disclosure practices, especially regarding the clarity, organization, and completeness of the information presented in the explanatory notes, contributing to more efficient and effective communication with users of the explanatory notes.