Narrative Update • Jul 02
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Brazilian (BOVESPA) Real Estate Sector Analysis
UpdatedJul 07, 2026
DataAggregated Company Financials
Companies110
- 7D-1.1%
- 3M-11.6%
- 1Y4.1%
- YTD-3.1%
Over the last 7 days, the Real Estate industry has remained flat, although notably JHSF Participações declined by 3.6%. The past year has been better, since the industry has gained 4.7% in that time. Looking forward, earnings are forecast to grow by 3.7% annually.
Sector Valuation and Performance
Has the Brazilian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 07 Jul 2026 | R$151.6b | R$22.2b | R$7.1b | 8.7x | 21.4x | 6.8x |
| Thu, 04 Jun 2026 | R$156.4b | R$22.0b | R$6.9b | 9x | 22.6x | 7.1x |
| Sat, 02 May 2026 | R$164.5b | R$20.6b | R$6.4b | 11.7x | 25.9x | 8x |
| Mon, 30 Mar 2026 | R$155.6b | R$19.1b | R$5.8b | 11.7x | 26.7x | 8.1x |
| Wed, 25 Feb 2026 | R$160.8b | R$18.5b | R$5.7b | 9.9x | 28.4x | 8.7x |
| Fri, 23 Jan 2026 | R$151.0b | R$18.5b | R$5.8b | 8.5x | 26.1x | 8.2x |
| Sun, 21 Dec 2025 | R$151.2b | R$18.5b | R$5.8b | 7.7x | 26.1x | 8.2x |
| Tue, 18 Nov 2025 | R$114.4b | R$18.4b | R$6.1b | 7.6x | 18.6x | 6.2x |
| Thu, 16 Oct 2025 | R$101.6b | R$18.2b | R$6.0b | 7.1x | 17x | 5.6x |
| Sat, 13 Sep 2025 | R$117.4b | R$18.5b | R$6.1b | 7.7x | 19.1x | 6.4x |
| Mon, 11 Aug 2025 | R$102.8b | R$18.7b | R$6.5b | 7.1x | 15.8x | 5.5x |
| Wed, 09 Jul 2025 | R$79.0b | R$18.5b | R$6.4b | 7.9x | 12.4x | 4.3x |
| Fri, 06 Jun 2025 | R$77.0b | R$19.7b | R$7.4b | 8.1x | 10.4x | 3.9x |
| Sun, 04 May 2025 | R$74.8b | R$19.5b | R$7.0b | 7.9x | 10.7x | 3.8x |
| Tue, 01 Apr 2025 | R$67.2b | R$19.5b | R$7.0b | 7.2x | 9.5x | 3.4x |
| Thu, 27 Feb 2025 | R$65.7b | R$18.5b | R$6.1b | 7.2x | 10.7x | 3.5x |
| Sat, 25 Jan 2025 | R$64.3b | R$18.1b | R$5.9b | 7x | 10.9x | 3.6x |
| Mon, 23 Dec 2024 | R$66.4b | R$18.4b | R$6.2b | 7x | 10.7x | 3.6x |
| Wed, 20 Nov 2024 | R$73.6b | R$18.5b | R$6.3b | 7.6x | 11.7x | 4x |
| Fri, 18 Oct 2024 | R$76.0b | R$18.1b | R$5.7b | 9.2x | 13.4x | 4.2x |
| Sun, 15 Sep 2024 | R$80.1b | R$17.5b | R$5.2b | 9.7x | 15.3x | 4.6x |
| Tue, 13 Aug 2024 | R$82.0b | R$16.7b | R$5.0b | 10.4x | 16.3x | 4.9x |
| Thu, 11 Jul 2024 | R$79.2b | R$16.5b | R$5.0b | 9.9x | 15.9x | 4.8x |
| Sat, 08 Jun 2024 | R$77.8b | R$16.8b | R$5.3b | 9.6x | 14.6x | 4.6x |
| Mon, 06 May 2024 | R$80.0b | R$17.5b | R$8.1b | 8.9x | 9.9x | 4.6x |
| Wed, 03 Apr 2024 | R$79.3b | R$16.8b | R$7.1b | 9.5x | 11.2x | 4.7x |
| Fri, 01 Mar 2024 | R$80.6b | R$14.5b | R$6.7b | 11x | 12x | 5.5x |
| Sun, 28 Jan 2024 | R$84.9b | R$15.8b | R$7.0b | 10x | 12.1x | 5.4x |
| Tue, 26 Dec 2023 | R$86.0b | R$29.0b | R$7.0b | 11.3x | 12.2x | 3x |
| Thu, 23 Nov 2023 | R$82.5b | R$29.8b | R$7.0b | 10.2x | 11.7x | 2.8x |
| Sat, 21 Oct 2023 | R$77.7b | R$15.7b | R$7.2b | 8.5x | 10.8x | 4.9x |
| Mon, 18 Sep 2023 | R$82.3b | R$15.7b | R$7.1b | 10x | 11.5x | 5.2x |
| Wed, 16 Aug 2023 | R$83.3b | R$15.6b | R$7.1b | 11.6x | 11.8x | 5.3x |
| Fri, 14 Jul 2023 | R$84.5b | R$14.5b | R$5.0b | 11.7x | 16.9x | 5.8x |
Price to Earnings Ratio
16.9x
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 21.6x which is higher than its 3-year average PE of 15.4x.
- The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 15% 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 | -0.0032% | |
| Real Estate | -1.12% | |
| Health Care REITs | 9.60% | |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Retail REITs | -0.40% | |
| REITS | -0.75% | |
| Office REITs | -0.87% | |
| Industrial REITs | -1.02% | |
| Real Estate | -1.97% | |
Industry PE
- Investors are most optimistic about the REITS industry even though it's trading below its 3-year average PE ratio of 276x.
- 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 close to its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 3.7% over the next 5 years.
- However this is lower than its past earnings growth rate of 7.4% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 3.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MDNE3 Moura Dubeux Engenharia | R$29.97 | 2.4% +R$71.2m | 21.7% | PE6.1x | |
| NVHO11 Fundo De Investimento Imobiliario Novo Horizonte | R$12.92 | 10.6% +R$51.5m | 4.4% | n/a | |
| KNRI11 Kinea Renda Imobiliária Fundo de Investimento Imobiliário | R$155.29 | 1.0% +R$41.7m | 7.8% | n/a | |
| IRIM11 Iridium Fundo De Investimento Imobiliario | R$67.28 | 1.6% +R$36.4m | -2.7% | n/a | |
| GZIT11 Gazit Malls Fundo De Investimento Imobiliario | R$42.98 | 3.6% +R$32.3m | -7.6% | n/a |
