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Brazilian (BOVESPA) Real Estate Sector Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies66
  • 7D1.8%
  • 3M-13.0%
  • 1Y-20.3%
  • YTD-2.1%

Last week, the Real Estate industry hasn't moved much but Allos is up 4.9% in that time. Unfortunately though, the industry is down 21% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jan 2025R$64.3bR$18.1bR$5.9b7.1x10.9x3.6x
Thu, 19 Dec 2024R$66.5bR$18.4bR$6.2b6.9x10.7x3.6x
Sat, 16 Nov 2024R$74.2bR$18.4bR$6.1b7.8x12.1x4x
Mon, 14 Oct 2024R$75.1bR$18.1bR$5.7b9.1x13.3x4.2x
Wed, 11 Sep 2024R$79.2bR$17.5bR$5.2b9.5x15.1x4.5x
Fri, 09 Aug 2024R$80.6bR$16.5bR$5.0b9.9x16x4.9x
Sun, 07 Jul 2024R$79.0bR$16.5bR$5.0b9.9x15.8x4.8x
Tue, 04 Jun 2024R$77.4bR$16.8bR$5.3b9.6x14.6x4.6x
Thu, 02 May 2024R$78.2bR$17.5bR$8.0b8.6x9.7x4.5x
Sat, 30 Mar 2024R$80.6bR$16.6bR$7.5b9.5x10.8x4.8x
Mon, 26 Feb 2024R$78.9bR$14.5bR$6.7b10.4x11.7x5.4x
Wed, 24 Jan 2024R$83.6bR$15.8bR$7.0b10x11.9x5.3x
Fri, 22 Dec 2023R$84.7bR$29.0bR$7.0b10.7x12x2.9x
Sun, 19 Nov 2023R$82.4bR$29.5bR$7.1b9.6x11.5x2.8x
Tue, 17 Oct 2023R$80.0bR$15.7bR$7.2b8.8x11.2x5.1x
Thu, 14 Sep 2023R$81.7bR$15.6bR$7.1b10.5x11.5x5.2x
Sat, 12 Aug 2023R$84.6bR$15.3bR$6.9b12.1x12.3x5.5x
Mon, 10 Jul 2023R$85.2bR$14.5bR$5.0b11.4x17x5.9x
Wed, 07 Jun 2023R$78.8bR$15.0bR$5.4b10.9x14.6x5.2x
Fri, 05 May 2023R$74.4bR$14.5bR$2.2b12x33.1x5.1x
Sun, 02 Apr 2023R$72.5bR$13.6bR$2.1b11.3x34.7x5.3x
Tue, 28 Feb 2023R$68.8bR$16.4bR$4.0b10.9x17x4.2x
Thu, 26 Jan 2023R$69.9bR$16.4bR$4.1b11x17.1x4.3x
Sat, 24 Dec 2022R$68.2bR$15.4bR$3.5b10.3x19.5x4.4x
Mon, 21 Nov 2022R$68.7bR$14.9bR$3.2b8.5x21.6x4.6x
Wed, 19 Oct 2022R$76.0bR$14.5bR$3.1b7.9x24.7x5.3x
Fri, 16 Sep 2022R$74.3bR$14.5bR$3.1b7.9x24.2x5.1x
Sun, 14 Aug 2022R$73.9bR$14.5bR$4.7b8.5x15.9x5.1x
Tue, 12 Jul 2022R$67.4bR$14.2bR$4.8b8.5x14.1x4.8x
Thu, 09 Jun 2022R$69.3bR$14.9bR$5.4b7.9x12.9x4.7x
Sat, 07 May 2022R$155.0bR$14.5bR$5.4b8.4x28.5x10.7x
Mon, 04 Apr 2022R$156.4bR$14.2bR$5.2b8.2x30x11x
Wed, 02 Mar 2022R$155.0bR$14.7bR$5.1b8.8x30.5x10.5x
Fri, 28 Jan 2022R$156.1bR$12.5bR$3.8b10.2x41.5x12.5x
Price to Earnings Ratio

41.5x


Total Market Cap: R$156.1bTotal Earnings: R$3.8bTotal Revenue: R$12.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Real Estate Sector Price to Earnings3Y Average 17.9x202320242025
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 10.9x which is lower than its 3-year average PE of 18.0x.
  • The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market2.72%
Real Estate1.82%
Real Estate4.20%
Office REITs0.27%
Residential REITs0%0
Hotel and Resort REITs0%0
Retail REITs-0.71%
REITS-1.03%
Industrial REITs-1.96%
Specialized REITs-3.13%
Health Care REITs-6.64%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 32.1x.
    • 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 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 32% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 12% 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
ALOS3 AllosR$18.055.1%
+R$462.6m
-26.1%PE12.4x
MULT3 Multiplan Empreendimentos ImobiliáriosR$20.703.5%
+R$363.1m
-23.9%PE9.5x
IGTI3 IguatemiR$2.115.0%
+R$120.7m
-26.7%PE6.7x
LAND3 Terra Santa Propriedades AgrícolasR$13.567.0%
+R$85.6m
-18.6%PE48.8x
JHSF3 JHSF ParticipaçõesR$3.732.8%
+R$67.6m
-23.3%PE12x
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Latest News

ALOS3

R$18.05

Allos

7D

5.1%

1Y

-26.1%

SCAR3

R$15.86

São Carlos Empreendimentos e Participações

7D

-1.2%

1Y

-41.2%

LAVV3

R$7.37

Lavvi Empreendimentos Imobiliários

7D

3.8%

1Y

-2.4%

IGTI3

R$2.11

Iguatemi

7D

5.0%

1Y

-26.7%

MULT3

R$20.70

Multiplan Empreendimentos Imobiliários

7D

3.5%

1Y

-23.9%

JSRE11

R$53.15

JS Real Estate multigestão - FII fund

7D

-4.8%

1Y

-30.8%

BTLG11

R$91.77

BTG Pactual Logística Fundo de Investimento Imobiliário

7D

-3.9%

1Y

-11.8%