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Brazilian (BOVESPA) Real Estate Sector Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies72
  • 7D0.02%
  • 3M17.3%
  • 1Y20.8%
  • YTD35.6%

Last week, the Real Estate industry hasn't moved much but LOG Commercial Properties e Participações is up 5.2% in that time. The past year has been better, since the industry has gained 20% in that time. Looking forward, earnings are expected to remain mostly flat in the next few years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025R$119.4bR$18.5bR$6.1b7.7x19.5x6.5x
Mon, 25 Aug 2025R$105.4bR$18.2bR$6.0b8x17.6x5.8x
Wed, 23 Jul 2025R$77.0bR$18.5bR$6.4b7.4x12x4.2x
Fri, 20 Jun 2025R$76.8bR$19.4bR$7.4b8x10.4x4x
Sun, 18 May 2025R$76.0bR$19.8bR$7.4b7.8x10.2x3.8x
Tue, 15 Apr 2025R$70.1bR$19.5bR$7.0b7.8x9.9x3.6x
Thu, 13 Mar 2025R$63.8bR$18.6bR$6.1b6.8x10.4x3.4x
Sat, 08 Feb 2025R$66.3bR$18.4bR$6.1b7.5x10.8x3.6x
Mon, 06 Jan 2025R$65.4bR$18.1bR$5.9b6.9x11.1x3.6x
Wed, 04 Dec 2024R$69.3bR$18.4bR$6.2b7.2x11.2x3.8x
Fri, 01 Nov 2024R$76.0bR$18.1bR$5.7b9x13.3x4.2x
Sun, 29 Sep 2024R$76.1bR$17.5bR$5.2b9.5x14.5x4.4x
Tue, 27 Aug 2024R$81.2bR$17.5bR$5.2b10x15.5x4.6x
Thu, 25 Jul 2024R$78.9bR$16.4bR$5.0b9.4x15.9x4.8x
Sat, 22 Jun 2024R$73.9bR$16.8bR$5.3b9.3x13.8x4.4x
Mon, 20 May 2024R$79.1bR$16.6bR$5.3b9.8x15x4.8x
Wed, 17 Apr 2024R$80.0bR$17.4bR$7.9b9.5x10.1x4.6x
Fri, 15 Mar 2024R$81.2bR$15.9bR$7.2b9.6x11.3x5.1x
Sun, 11 Feb 2024R$75.7bR$14.3bR$6.6b10x11.5x5.3x
Tue, 09 Jan 2024R$84.7bR$15.8bR$7.0b10.8x12x5.3x
Thu, 07 Dec 2023R$82.8bR$29.4bR$7.0b9.7x11.8x2.8x
Sat, 04 Nov 2023R$80.2bR$28.9bR$7.2b9.4x11.2x2.8x
Mon, 02 Oct 2023R$80.3bR$15.7bR$7.1b9.6x11.3x5.1x
Wed, 30 Aug 2023R$81.9bR$15.5bR$7.0b10.3x11.8x5.3x
Fri, 28 Jul 2023R$83.4bR$14.6bR$5.0b11.5x16.6x5.7x
Sun, 25 Jun 2023R$82.0bR$15.1bR$5.4b10.9x15.2x5.4x
Tue, 23 May 2023R$77.6bR$14.1bR$5.1b10.5x15.2x5.5x
Thu, 20 Apr 2023R$72.2bR$14.5bR$2.3b12.1x31.2x5x
Sat, 18 Mar 2023R$73.5bR$14.8bR$2.7b10.3x26.8x5x
Mon, 13 Feb 2023R$68.4bR$16.4bR$4.0b10.9x16.9x4.2x
Wed, 11 Jan 2023R$68.8bR$16.4bR$4.1b11.4x16.8x4.2x
Fri, 09 Dec 2022R$67.1bR$15.0bR$3.3b8.7x20.4x4.5x
Sun, 06 Nov 2022R$79.8bR$14.5bR$3.1b8x25.8x5.5x
Tue, 04 Oct 2022R$77.1bR$14.5bR$3.1b8.6x25.1x5.3x
Price to Earnings Ratio

25.1x


Total Market Cap: R$77.1bTotal Earnings: R$3.1bTotal Revenue: R$14.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Real Estate Sector Price to Earnings3Y Average 15.1x202320242025
Current Industry PE
  • Investors are optimistic on the Brazilian Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.4x which is higher than its 3-year average PE of 15.1x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 8.5% 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 sector?

BR Market-0.56%
Real Estate0.023%
REITS0.74%
Industrial REITs0.46%
Health Care REITs0.45%
Real Estate0.15%
Specialized REITs0%0
Office REITs-0.16%
Retail REITs-0.91%
Industry PE
  • Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 70.4x.
    • 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 12.4x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 0.07% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 17% per year.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
LOGG3 LOG Commercial Properties e ParticipaçõesR$23.815.2%
+R$101.8m		6.5%PE5.6x
ALOS3 AllosR$25.510.8%
+R$94.9m		16.6%PE17.3x
MDNE3 Moura Dubeux EngenhariaR$29.353.9%
+R$93.1m		106.7%PE7.6x
MELK3 Melnick Desenvolvimento ImobiliárioR$4.097.9%
+R$61.7m		16.2%PE7.9x
HGRE11 CSHG Real Estate - Fundo de Investimento Imobiliario - FIIR$121.804.2%
+R$57.9m		16.1%n/a

Latest News

JHSF3
R$6.28
JHSF Participações
7D
-0.8%
1Y
53.2%
ALOS3
R$25.51
Allos
7D
0.8%
1Y
16.6%
XPML11
R$105.83
Xp Malls Fundo Investimentos Imobiliarios
7D
0.8%
1Y
-1.9%
LAVV3
R$14.84
Lavvi Empreendimentos Imobiliários
7D
-2.6%
1Y
85.5%

Further Upside For Lavvi Empreendimentos Imobiliários S.A. (BVMF:LAVV3) Shares Could Introduce Price Risks After 27% Bounce

Sep 18
Further Upside For Lavvi Empreendimentos Imobiliários S.A. (BVMF:LAVV3) Shares Could Introduce Price Risks After 27% Bounce
BTLG11
R$103.15
BTG Pactual Logística Fundo de Investimento Imobiliário
7D
1.1%
1Y
4.0%
HBRE3
R$4.78
HBR Realty Empreendimentos Imobiliários
7D
-4.2%
1Y
-1.2%

Brazil's Urban Migration And Mixed-Use Demand Will Create Value

Despite a sharp increase in revenue growth forecasts, a substantially lower future P/E ratio signals a significant reassessment of profitability or risk, resulting in the consensus price target dropping from R$11.88 to R$6.62. Valuation Changes Summary of Valuation Changes for HBR Realty Empreendimentos Imobiliários The Consensus Analyst Price Target has significantly fallen from R$11.88 to R$6.62.
BRCR11
R$43.09
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
-1.8%
1Y
-9.6%
HBOR3
R$3.52
Helbor Empreendimentos
7D
-7.1%
1Y
85.3%

Optimistic Investors Push Helbor Empreendimentos S.A. (BVMF:HBOR3) Shares Up 26% But Growth Is Lacking

Sep 06
Optimistic Investors Push Helbor Empreendimentos S.A. (BVMF:HBOR3) Shares Up 26% But Growth Is Lacking
HGRE11
R$121.80
CSHG Real Estate - Fundo de Investimento Imobiliario - FII
7D
4.2%
1Y
16.1%
MELK3
R$4.09
Melnick Desenvolvimento Imobiliário
7D
7.9%
1Y
16.2%
SCAR3
R$21.46
São Carlos Empreendimentos e Participações
7D
4.3%
1Y
-5.0%

São Carlos Empreendimentos e Participações' (BVMF:SCAR3) Earnings Offer More Than Meets The Eye

Aug 20
São Carlos Empreendimentos e Participações' (BVMF:SCAR3) Earnings Offer More Than Meets The Eye
MDNE3
R$29.35
Moura Dubeux Engenharia
7D
3.9%
1Y
106.7%

Additional Considerations Required While Assessing Moura Dubeux Engenharia's (BVMF:MDNE3) Strong Earnings

Aug 20
Additional Considerations Required While Assessing Moura Dubeux Engenharia's (BVMF:MDNE3) Strong Earnings
LAND3
R$8.90
Terra Santa Propriedades Agrícolas
7D
-3.1%
1Y
-30.2%
IGTI3
R$2.90
Iguatemi
7D
-1.7%
1Y
9.4%
LOGG3
R$23.81
LOG Commercial Properties e Participações
7D
5.2%
1Y
6.5%
ANCR11
R$830.00
Fundo de Investimento Imobiliário - FII Ancar IC
7D
-2.4%
1Y
721.8%