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Brazilian (BOVESPA) Real Estate Sector Analysis

UpdatedSep 07, 2024
DataAggregated Company Financials
Companies69
  • 7D-0.1%
  • 3M2.4%
  • 1Y-2.1%
  • YTD-6.4%

The Real Estate industry has been flat over the last week, but São Carlos Empreendimentos e Participações has lost 6.8%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Brazilian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Sep 2024R$79.5bR$17.5bR$5.2b9.7x15.2x4.5x
Mon, 05 Aug 2024R$79.6bR$16.5bR$5.1b9.4x15.8x4.8x
Wed, 03 Jul 2024R$75.8bR$16.5bR$5.0b9.8x15.2x4.6x
Fri, 31 May 2024R$77.7bR$16.8bR$5.3b9.7x14.6x4.6x
Sun, 28 Apr 2024R$79.1bR$17.5bR$8.0b9.5x9.9x4.5x
Tue, 26 Mar 2024R$80.1bR$16.4bR$7.4b9.3x10.9x4.9x
Thu, 22 Feb 2024R$75.8bR$14.5bR$6.7b10.2x11.3x5.2x
Sat, 20 Jan 2024R$84.1bR$15.8bR$7.0b10.2x12x5.3x
Mon, 18 Dec 2023R$84.9bR$29.0bR$7.0b10.2x12.1x2.9x
Wed, 15 Nov 2023R$80.9bR$29.1bR$7.2b9.7x11.3x2.8x
Fri, 13 Oct 2023R$80.2bR$15.7bR$7.2b9.2x11.2x5.1x
Sun, 10 Sep 2023R$79.5bR$15.6bR$7.1b10.6x11.2x5.1x
Tue, 08 Aug 2023R$85.0bR$14.7bR$6.7b11.9x12.6x5.8x
Thu, 06 Jul 2023R$84.9bR$14.5bR$5.0b11.2x17x5.8x
Sat, 03 Jun 2023R$78.5bR$15.0bR$5.4b10.8x14.5x5.2x
Mon, 01 May 2023R$73.7bR$14.5bR$2.2b12.5x32.8x5.1x
Wed, 29 Mar 2023R$72.1bR$14.7bR$2.3b10.4x31.3x4.9x
Fri, 24 Feb 2023R$176.5bR$16.4bR$4.0b11x43.6x10.7x
Sun, 22 Jan 2023R$68.7bR$16.4bR$4.1b11.2x16.8x4.2x
Tue, 20 Dec 2022R$64.5bR$15.0bR$3.3b8.2x19.6x4.3x
Thu, 17 Nov 2022R$71.5bR$15.0bR$3.2b8.9x22.4x4.8x
Sat, 15 Oct 2022R$75.2bR$14.5bR$3.1b7.9x24.4x5.2x
Mon, 12 Sep 2022R$74.6bR$14.5bR$3.1b8x24.2x5.2x
Wed, 10 Aug 2022R$71.9bR$14.4bR$4.5b8.3x15.8x5x
Fri, 08 Jul 2022R$68.6bR$14.2bR$4.8b8.4x14.3x4.8x
Sun, 05 Jun 2022R$71.0bR$14.8bR$5.4b8.1x13.2x4.8x
Tue, 03 May 2022R$156.3bR$14.5bR$5.5b8.5x28.5x10.8x
Thu, 31 Mar 2022R$154.2bR$14.2bR$5.0b8.5x30.8x10.8x
Sat, 26 Feb 2022R$154.3bR$12.7bR$3.7b10.7x42.1x12.2x
Mon, 24 Jan 2022R$155.5bR$12.5bR$3.7b11.4x42.1x12.5x
Wed, 22 Dec 2021R$150.0bR$12.3bR$3.9b12.4x38.9x12.2x
Fri, 19 Nov 2021R$74.6bR$12.4bR$4.2b11.4x17.9x6x
Sun, 17 Oct 2021R$80.0bR$12.0bR$4.7b12.5x17x6.7x
Tue, 14 Sep 2021R$78.6bR$13.0bR$6.0b9.7x13x6x
Price to Earnings Ratio

13x


Total Market Cap: R$78.6bTotal Earnings: R$6.0bTotal Revenue: R$13.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Real Estate Sector Price to Earnings3Y Average 19.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Brazilian Real Estate 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 15.2x which is lower than its 3-year average PE of 19.3x.
  • The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 4.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 10% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Brazilian Real Estate sector?

BR Market-0.69%
Real Estate-0.13%
Real Estate0.30%
Health Care REITs0.0035%
Residential REITs0%
Hotel and Resort REITs0%
Specialized REITs-0.30%
Retail REITs-0.32%
Industrial REITs-0.33%
REITS-0.87%
Office REITs-1.43%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 25.8x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MULT3 Multiplan Empreendimentos ImobiliáriosR$25.951.2%
+R$179.1m
4.0%PE13.4x
ALOS3 AllosR$23.061.1%
+R$133.4m
2.0%PE18.2x
JHSF3 JHSF ParticipaçõesR$4.492.7%
+R$81.1m
-6.7%PE18.3x
MDNE3 Moura Dubeux EngenhariaR$15.085.8%
+R$70.0m
40.1%PE6.5x
LAVV3 Lavvi Empreendimentos ImobiliáriosR$8.512.5%
+R$41.0m
0.9%PE6.1x
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Latest News

LAND3

R$12.28

Terra Santa Propriedades Agrícolas

7D

-3.3%

1Y

-38.6%

JHSF3

R$4.49

JHSF Participações

7D

2.7%

1Y

-6.7%

MDNE3

R$15.08

Moura Dubeux Engenharia

7D

5.8%

1Y

40.1%

ALOS3

R$23.06

Allos

7D

1.1%

1Y

2.0%

SCAR3

R$23.11

São Carlos Empreendimentos e Participações

7D

-6.8%

1Y

-5.8%

LAVV3

R$8.51

Lavvi Empreendimentos Imobiliários

7D

2.5%

1Y

0.9%

HBRE3

R$5.08

HBR Realty Empreendimentos Imobiliários

7D

-5.4%

1Y

-4.2%

IGTI3

R$2.71

Iguatemi

7D

-2.5%

1Y

0%

LOGG3

R$23.10

LOG Commercial Properties e Participações

7D

-1.3%

1Y

20.8%

BRPR3

R$131.17

BR Properties

7D

-37.6%

1Y

-97.9%