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Brazilian (BOVESPA) Real Estate Sector Analysis
UpdatedNov 19, 2025
DataAggregated Company Financials
Companies72
- 7D1.1%
- 3M9.0%
- 1Y17.2%
- YTD27.7%
Over the last 7 days, the Real Estate industry has risen 1.1%, driven by gains from Fundo de Investimento Imobiliário - FII Ancar IC of 31%. Meanwhile, Iguatemi actually underperformed within the industry, shrinking 5.8% in the last week. This takes the industry's 12 month performance to a gain of 17%. Looking forward, earnings are forecast to grow by 1.7% 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 |
|---|---|---|---|---|---|---|
| Thu, 20 Nov 2025 | R$113.4b | R$18.4b | R$6.1b | 7.5x | 18.5x | 6.2x |
| Sat, 18 Oct 2025 | R$101.5b | R$18.2b | R$6.0b | 7.1x | 17x | 5.6x |
| Mon, 15 Sep 2025 | R$117.4b | R$18.5b | R$6.1b | 7.7x | 19.1x | 6.4x |
| Wed, 13 Aug 2025 | R$103.7b | R$18.7b | R$6.5b | 7.3x | 15.9x | 5.5x |
| Fri, 11 Jul 2025 | R$78.1b | R$18.5b | R$6.4b | 7.9x | 12.2x | 4.2x |
| Sun, 08 Jun 2025 | R$77.4b | R$19.7b | R$7.4b | 8.1x | 10.5x | 3.9x |
| Tue, 06 May 2025 | R$74.2b | R$19.5b | R$7.0b | 7.8x | 10.6x | 3.8x |
| Thu, 03 Apr 2025 | R$67.9b | R$19.5b | R$7.0b | 7.6x | 9.6x | 3.5x |
| Sat, 01 Mar 2025 | R$64.9b | R$18.6b | R$6.1b | 6.9x | 10.6x | 3.5x |
| Mon, 27 Jan 2025 | R$64.1b | R$18.1b | R$5.9b | 7x | 10.9x | 3.5x |
| Wed, 25 Dec 2024 | R$66.0b | R$18.4b | R$6.2b | 6.9x | 10.6x | 3.6x |
| Fri, 22 Nov 2024 | R$73.8b | R$18.6b | R$6.3b | 7.5x | 11.7x | 4x |
| Sun, 20 Oct 2024 | R$75.9b | R$18.1b | R$5.7b | 9.1x | 13.4x | 4.2x |
| Tue, 17 Sep 2024 | R$80.3b | R$17.5b | R$5.2b | 9.8x | 15.3x | 4.6x |
| Thu, 15 Aug 2024 | R$83.1b | R$16.7b | R$5.0b | 10.4x | 16.5x | 5x |
| Sat, 13 Jul 2024 | R$79.8b | R$16.5b | R$5.0b | 10x | 16x | 4.8x |
| Mon, 10 Jun 2024 | R$76.9b | R$16.8b | R$5.3b | 9.6x | 14.4x | 4.6x |
| Wed, 08 May 2024 | R$79.4b | R$17.5b | R$8.1b | 8.6x | 9.8x | 4.5x |
| Fri, 05 Apr 2024 | R$78.7b | R$16.7b | R$7.0b | 9.5x | 11.2x | 4.7x |
| Sun, 03 Mar 2024 | R$80.4b | R$14.6b | R$6.8b | 10.7x | 11.8x | 5.5x |
| Tue, 30 Jan 2024 | R$84.9b | R$15.8b | R$7.0b | 10x | 12.1x | 5.4x |
| Thu, 28 Dec 2023 | R$86.7b | R$29.0b | R$7.0b | 11.5x | 12.3x | 3x |
| Sat, 25 Nov 2023 | R$82.3b | R$29.8b | R$7.0b | 9.9x | 11.7x | 2.8x |
| Mon, 23 Oct 2023 | R$77.7b | R$15.7b | R$7.2b | 8.5x | 10.8x | 4.9x |
| Wed, 20 Sep 2023 | R$81.6b | R$15.7b | R$7.1b | 9.8x | 11.4x | 5.2x |
| Fri, 18 Aug 2023 | R$81.2b | R$15.5b | R$7.0b | 10x | 11.7x | 5.2x |
| Sun, 16 Jul 2023 | R$83.6b | R$14.5b | R$5.0b | 11.6x | 16.7x | 5.8x |
| Tue, 13 Jun 2023 | R$80.4b | R$15.0b | R$5.4b | 10.7x | 14.9x | 5.4x |
| Thu, 11 May 2023 | R$75.5b | R$14.5b | R$2.2b | 12.1x | 33.7x | 5.2x |
| Sat, 08 Apr 2023 | R$70.9b | R$14.4b | R$2.2b | 10x | 32.2x | 4.9x |
| Mon, 06 Mar 2023 | R$72.1b | R$16.4b | R$4.0b | 10.3x | 17.8x | 4.4x |
| Wed, 01 Feb 2023 | R$91.1b | R$16.4b | R$4.1b | 11.1x | 22.3x | 5.6x |
| Fri, 30 Dec 2022 | R$68.6b | R$15.9b | R$3.8b | 10.1x | 17.9x | 4.3x |
| Sun, 27 Nov 2022 | R$69.3b | R$15.0b | R$3.3b | 8.9x | 21.1x | 4.6x |
Price to Earnings Ratio
21.1x
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 18.5x which is higher than its 3-year average PE of 14.8x.
- The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 7.1% 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 | -1.64% | |
| Real Estate | 1.13% | |
| Retail REITs | 7.92% | |
| Office REITs | 0.83% | |
| Industrial REITs | 0.67% | |
| REITS | 0.17% | |
| Specialized REITs | 0% | 0 |
| Real Estate | -0.65% | |
| Health Care REITs | -2.57% | |
Industry PE
- Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 98.0x.
- 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 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 1.7% over the next 5 years.
- However this is lower than its past earnings growth rate of 12% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ANCR11 Fundo de Investimento Imobiliário - FII Ancar IC | R$333.00 | 30.9% +R$1.4b | 220.2% | n/a | |
| MULT3 Multiplan Empreendimentos Imobiliários | R$29.65 | 1.3% +R$190.6m | 14.6% | PE11.8x | |
| XPML11 Xp Malls Fundo Investimentos Imobiliarios | R$105.98 | -0.8% R$147.8m | 2.3% | n/a | |
| ALOS3 Allos | R$27.33 | 0.9% +R$119.9m | 26.1% | PE18.2x | |
| VISC11 Vinci Shopping Centers Fundo Investimento Imobiliario - Fii | R$109.25 | 3.0% +R$90.8m | 7.7% | n/a |
