Brazilian (BOVESPA) REITS Industry Analysis
UpdatedMay 20, 2024
DataAggregated Company Financials
Companies16
- 7D-0.1%
- 3M-1.8%
- 1Y2.7%
- YTD5.7%
In the last week, REITS has been flat. In line with that, the industry has also been flat over the past 12 months.
Industry Valuation and Performance
Has the Brazilian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | R$8.5b | R$526.8m | R$393.7m | 13.2x | 21.7x | 16.2x |
| Wed, 17 Apr 2024 | R$8.7b | R$473.4m | R$339.8m | 23.2x | 25.5x | 18.3x |
| Fri, 15 Mar 2024 | R$8.7b | R$492.3m | R$402.2m | 13.8x | 21.5x | 17.6x |
| Sun, 11 Feb 2024 | R$8.6b | R$492.3m | R$402.2m | 13.9x | 21.3x | 17.4x |
| Tue, 09 Jan 2024 | R$7.7b | R$492.3m | R$402.2m | 14.1x | 19.2x | 15.7x |
| Thu, 07 Dec 2023 | R$7.4b | R$492.3m | R$402.2m | 13.5x | 18.5x | 15.1x |
| Sat, 04 Nov 2023 | R$7.6b | R$492.3m | R$402.2m | 13.3x | 18.8x | 15.4x |
| Mon, 02 Oct 2023 | R$7.9b | R$498.2m | R$402.2m | 14x | 19.6x | 15.8x |
| Wed, 30 Aug 2023 | R$7.5b | R$420.0m | R$365.7m | 14.7x | 20.5x | 17.8x |
| Fri, 28 Jul 2023 | R$7.6b | R$420.0m | R$365.7m | 15.2x | 20.9x | 18.2x |
| Sun, 25 Jun 2023 | R$9.0b | R$478.0m | R$374.3m | 14.8x | 24.1x | 18.9x |
| Tue, 23 May 2023 | R$8.7b | R$478.0m | R$374.3m | 14.1x | 23.4x | 18.3x |
| Thu, 20 Apr 2023 | R$8.2b | R$478.0m | R$374.3m | 12.6x | 22x | 17.2x |
| Sat, 18 Mar 2023 | R$24.2b | R$1.7b | R$1.1b | 12.3x | 22.5x | 14.3x |
| Mon, 13 Feb 2023 | R$24.6b | R$1.7b | R$1.1b | 12.4x | 22.9x | 14.5x |
| Wed, 11 Jan 2023 | R$25.4b | R$1.7b | R$1.1b | 12.4x | 23.6x | 15x |
| Fri, 09 Dec 2022 | R$24.1b | R$312.4m | R$276.9m | 9.4x | 87.2x | 77.3x |
| Sun, 06 Nov 2022 | R$25.7b | R$312.4m | R$276.9m | 10.5x | 93x | 82.4x |
| Tue, 04 Oct 2022 | R$24.3b | R$312.4m | R$276.9m | 10.8x | 87.8x | 77.9x |
| Thu, 01 Sep 2022 | R$24.4b | R$312.4m | R$276.9m | 11.1x | 88x | 78x |
| Sat, 30 Jul 2022 | R$22.2b | R$312.4m | R$276.9m | 9.4x | 80x | 70.9x |
| Mon, 27 Jun 2022 | R$20.1b | R$1.0b | R$868.3m | 8.1x | 23.2x | 19.7x |
| Wed, 25 May 2022 | R$20.2b | R$1.0b | R$868.3m | 7.9x | 23.3x | 19.8x |
| Fri, 22 Apr 2022 | R$102.4b | R$1.0b | R$868.3m | 8.4x | 118x | 100.1x |
| Sun, 20 Mar 2022 | R$100.9b | R$988.9m | R$749.8m | 8.3x | 134.6x | 102x |
| Tue, 15 Feb 2022 | R$101.1b | R$886.5m | R$620.9m | 8.8x | 162.8x | 114x |
| Thu, 13 Jan 2022 | R$99.3b | R$776.0m | R$533.3m | 8x | 186.2x | 128x |
| Sat, 11 Dec 2021 | R$22.0b | R$857.7m | R$1.0b | 9.1x | 21.3x | 25.7x |
| Mon, 08 Nov 2021 | R$22.0b | R$857.7m | R$1.0b | 9.2x | 21.3x | 25.7x |
| Wed, 06 Oct 2021 | R$23.0b | R$857.7m | R$1.0b | 10x | 22.3x | 26.9x |
| Fri, 03 Sep 2021 | R$2.4b | R$243.5m | R$232.2m | 6.5x | 10.4x | 9.9x |
| Sun, 01 Aug 2021 | R$2.6b | R$243.5m | R$232.2m | 6.8x | 11.1x | 10.6x |
Price to Earnings Ratio
11.4x
Current Industry PE
- Investors are pessimistic on the Brazilian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 21.7x which is lower than its 3-year average PE of 49.7x.
- The 3-year average PS ratio of 41.4x is higher than the industry's current PS ratio of 16.2x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 29% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Brazilian Real Estate industry?
| BR Market | 0.32% | |
| Real Estate | 0.21% | |
| REITS | -0.14% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Diversified REITs | -0.14% | |
| Retail REITs | -0.35% | |
| Office REITs | -0.39% | |
| Specialized REITs | -0.45% | |
| Industrial REITs | -0.66% | |
| Healthcare REITs | -1.33% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 18.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 47.1x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MFII11 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário | R$104.00 | 0.3% +R$83.0m | 10.9% | n/a | |
| CARE11 Máxima Renda Corporativa Fundo de Investimento Imobiliário - FII | R$1.92 | 20.0% +R$11.4m | -1.5% | n/a | |
| PORD11 Polo Fundo de Investimento Imobiliário - Recebíveis Imobiliários II - FII | R$9.29 | 3.1% +R$10.4m | 6.3% | n/a | |
| BCIA11 Bradesco Carteira Imobiliaria Ativa Fundos de Investimento Imobiliario | R$105.95 | 1.4% +R$5.4m | 20.4% | n/a | |
| BPFF11 Fundo de Investimento Imobiliário - FII Brasil Plural Absoluto Fundo de Fundos | R$71.37 | 1.4% +R$4.3m | 11.5% | PB0.9x |