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Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedMay 16, 2025
DataAggregated Company Financials
Companies12
- 7D1.4%
- 3M7.3%
- 1Y-14.8%
- YTD0.2%
Over the last 7 days, the Office REITs industry has remained flat. Unfortunately though, the industry is down 15% over the past 12 months.
Industry Valuation and Performance
Has the Brazilian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 16 May 2025 | R$3.7b | R$386.2m | R$88.3m | 16.3x | 41.9x | 9.6x |
| Sun, 13 Apr 2025 | R$6.8b | R$416.3m | R$101.1m | 15.5x | 67.4x | 16.4x |
| Tue, 11 Mar 2025 | R$6.7b | R$416.3m | R$101.1m | 15.7x | 66.2x | 16.1x |
| Thu, 06 Feb 2025 | R$6.6b | R$416.3m | R$101.1m | 15.6x | 64.8x | 15.7x |
| Sat, 04 Jan 2025 | R$7.1b | R$416.3m | R$101.1m | 16x | 69.8x | 16.9x |
| Mon, 02 Dec 2024 | R$7.5b | R$416.3m | R$101.1m | 16.7x | 74x | 18x |
| Wed, 30 Oct 2024 | R$7.3b | R$515.9m | R$162.3m | 9.1x | 45.2x | 14.2x |
| Fri, 27 Sep 2024 | R$7.5b | R$515.9m | R$162.3m | 9.8x | 45.9x | 14.5x |
| Sun, 25 Aug 2024 | R$7.8b | R$515.9m | R$162.3m | 10.4x | 48.2x | 15.1x |
| Tue, 23 Jul 2024 | R$7.8b | R$515.9m | R$162.3m | 10.5x | 48.1x | 15.1x |
| Thu, 20 Jun 2024 | R$7.9b | R$720.0m | R$436.6m | 7.8x | 18x | 10.9x |
| Sat, 18 May 2024 | R$8.2b | R$451.3m | R$406.3m | 8.2x | 20.1x | 18.1x |
| Mon, 15 Apr 2024 | R$8.4b | R$469.6m | R$425.0m | 8.7x | 19.7x | 17.8x |
| Wed, 13 Mar 2024 | R$8.5b | R$468.8m | R$397.1m | 8x | 21.3x | 18.1x |
| Fri, 09 Feb 2024 | R$8.5b | R$468.8m | R$397.1m | 8.1x | 21.4x | 18.1x |
| Sun, 07 Jan 2024 | R$8.6b | R$482.8m | R$423.4m | 7.3x | 20.3x | 17.8x |
| Tue, 05 Dec 2023 | R$8.3b | R$485.5m | R$427.1m | 6.8x | 19.3x | 17x |
| Thu, 02 Nov 2023 | R$8.0b | R$485.5m | R$427.1m | 6.7x | 18.7x | 16.5x |
| Sat, 30 Sep 2023 | R$8.4b | R$485.5m | R$427.1m | 6.9x | 19.6x | 17.3x |
| Mon, 28 Aug 2023 | R$8.5b | R$388.0m | R$285.7m | 6.7x | 29.6x | 21.8x |
| Wed, 26 Jul 2023 | R$8.6b | R$253.0m | R$296.3m | 6.6x | 29x | 34x |
| Fri, 23 Jun 2023 | R$8.3b | R$466.3m | R$421.2m | 7x | 19.6x | 17.7x |
| Sun, 21 May 2023 | R$7.8b | R$612.2m | R$244.3m | 7.3x | 32x | 12.8x |
| Tue, 18 Apr 2023 | R$7.3b | R$612.2m | R$244.3m | 6.2x | 29.8x | 11.9x |
Price to Earnings Ratio
29.1x
Current Industry PE
- Investors are optimistic on the Brazilian Office REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 41.5x which is higher than its 3-year average PE of 36.7x.
- The 3-year average PS ratio of 17.0x is higher than the industry's current PS ratio of 9.5x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 25% per year over the last three years,
- Revenues have also declined 15% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Brazilian Real Estate industry?
| BR Market | 1.92% | |
| Real Estate | 2.06% | |
| Office REITs | 1.35% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FII | R$91.37 | 1.7% +R$24.2m | -10.3% | n/a | |
| TRNT11 Fundo de Investimento Imobiliário - FII Torre Norte | R$97.69 | 2.8% +R$10.6m | -24.8% | PB0.5x | |
| BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund | R$43.13 | 0.6% +R$7.2m | -22.0% | PB0.5x | |
| FPAB11 Fundo de Investimento Imobiliário Projeto Água Branca | R$187.01 | 3.9% +R$5.3m | -6.5% | n/a | |
| BBRC11 BB Renda Corporativa Fundo de Investimento Imobiliário - FII | R$104.00 | 1.0% +R$1.6m | -2.1% | n/a |