Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund (BOVESPA:BRCR11) - Stock Price, News & Analysis

BRCR11 Stock Overview

A real estate investment trust co-launched by BTG Pactual Serviços Financeiros and BTG Pactual Gestora de Recursos Ltda.

About the company

BRCR11 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 19.1% below our estimate of its fair value

Became profitable this year

Risk Analysis

Dividend of 9.9% is not well covered by earnings or cash flows

Large one-off items impacting financial results

Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund Competitors

Fundo Invest Imobiliario Agencias Caixa - FII Fund

BOVESPA:RBVA11

R$1.3b

Fundo de Investimento Imobiliário Rio Bravo Renda Corporativa

BOVESPA:RCRB11

R$535.2m

Fundo de Investimento Imobiliário - FII Torre Norte

BOVESPA:TRNT11

R$443.7m

Fundo de Investimento Imobiliario - FII Edificio Galeria

BOVESPA:EDGA11

R$76.2m

Price History & Performance

Summary of all time highs, changes and price drops for Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
Historical stock prices
Current Share Price	R$52.65
52 Week High	R$71.20
52 Week Low	R$52.27
Beta	0.42
1 Month Change	-5.20%
3 Month Change	-9.57%
1 Year Change	-15.61%
3 Year Change	-36.57%
5 Year Change	n/a
Change since IPO	-46.48%

Recent updates

Shareholder Returns

	BRCR11	BR Office REITs	BR Market
7D	-4.0%	-1.8%	-1.6%
1Y	-15.6%	-2.9%	-4.5%

Return vs Industry: BRCR11 underperformed the BR Office REITs industry which returned -2.9% over the past year.

Return vs Market: BRCR11 underperformed the BR Market which returned -4.5% over the past year.

Price Volatility

Is BRCR11's price volatile compared to industry and market?
BRCR11 volatility
BRCR11 Average Weekly Movement	2.2%
Office REITs Industry Average Movement	2.9%
Market Average Movement	4.6%
10% most volatile stocks in BR Market	9.3%
10% least volatile stocks in BR Market	2.2%

Stable Share Price: BRCR11 has not had significant price volatility in the past 3 months.

Volatility Over Time: BRCR11's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2007	n/a	n/a	www.bcfund.com.br/bcfund/web/conteudo_en.asp?idioma=1&conta=44&tipo=47091

Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund is a real estate investment trust co-launched by BTG Pactual Serviços Financeiros and BTG Pactual Gestora de Recursos Ltda. The fund is managed by BTG Pactual Serviços Financeiros. The fund invests in the real estate markets of Brazil.

Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund Fundamentals Summary

How do Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund's earnings and revenue compare to its market cap?
BRCR11 fundamental statistics
Market cap	R$1.40b
Earnings (TTM)	R$129.13m
Revenue (TTM)	R$473.47m

10.9x

P/E Ratio

3.0x

P/S Ratio

Is BRCR11 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BRCR11 income statement (TTM)
Revenue	R$473.47m
Cost of Revenue	R$118.56m
Gross Profit	R$354.91m
Other Expenses	R$225.78m
Earnings	R$129.13m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	4.85
Gross Margin	74.96%
Net Profit Margin	27.27%
Debt/Equity Ratio	14.7%

How did BRCR11 perform over the long term?

See historical performance and comparison

Dividends

10.0%

Current Dividend Yield

106%

Payout Ratio

Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund BOVESPA:BRCR11 Stock Report