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Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedApr 14, 2025
DataAggregated Company Financials
Companies19
- 7D-1.4%
- 3M1.3%
- 1Y-21.9%
- YTD-3.4%
Over the last 7 days, the Office REITs industry has dropped 1.4%, driven by pullbacks in Fundo de Investimento Imobiliário Rio Bravo Renda Corporativa and BB Progressivo II Fundo de Investimento Imobiliário - FII of 6.5% and 1.9%, respectively. Overall the industry is down 22% in 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 |
|---|---|---|---|---|---|---|
| Mon, 14 Apr 2025 | R$6.8b | R$416.3m | R$101.1m | 15.5x | 67.4x | 16.4x |
| Wed, 12 Mar 2025 | R$6.7b | R$416.3m | R$101.1m | 15.8x | 66.6x | 16.2x |
| Fri, 07 Feb 2025 | R$6.6b | R$416.3m | R$101.1m | 15.6x | 64.8x | 15.7x |
| Sun, 05 Jan 2025 | R$7.1b | R$416.3m | R$101.1m | 16x | 69.9x | 17x |
| Tue, 03 Dec 2024 | R$7.5b | R$416.3m | R$101.1m | 16.5x | 74x | 18x |
| Thu, 31 Oct 2024 | R$7.3b | R$515.9m | R$162.3m | 9.1x | 45.3x | 14.2x |
| Sat, 28 Sep 2024 | R$7.5b | R$515.9m | R$162.3m | 9.8x | 46.1x | 14.5x |
| Mon, 26 Aug 2024 | R$7.8b | R$515.9m | R$162.3m | 10.4x | 48.2x | 15.1x |
| Wed, 24 Jul 2024 | R$7.8b | R$515.9m | R$162.3m | 10.5x | 48.2x | 15.1x |
| Fri, 21 Jun 2024 | R$7.8b | R$720.0m | R$436.6m | 7.9x | 18x | 10.9x |
| Sun, 19 May 2024 | R$8.2b | R$451.3m | R$406.3m | 8.2x | 20.1x | 18.1x |
| Tue, 16 Apr 2024 | R$8.3b | R$469.6m | R$425.0m | 8.6x | 19.6x | 17.8x |
| Thu, 14 Mar 2024 | R$8.5b | R$468.8m | R$397.1m | 8x | 21.4x | 18.1x |
| Sat, 10 Feb 2024 | R$8.5b | R$468.8m | R$397.1m | 8.1x | 21.3x | 18.1x |
| Mon, 08 Jan 2024 | R$8.6b | R$482.8m | R$423.4m | 7.3x | 20.3x | 17.8x |
| Wed, 06 Dec 2023 | R$8.3b | R$485.5m | R$427.1m | 6.7x | 19.4x | 17.1x |
| Fri, 03 Nov 2023 | R$8.0b | R$485.5m | R$427.1m | 6.7x | 18.7x | 16.5x |
| Sun, 01 Oct 2023 | R$8.4b | R$485.5m | R$427.1m | 6.9x | 19.6x | 17.3x |
| Tue, 29 Aug 2023 | R$8.5b | R$388.0m | R$285.7m | 6.7x | 29.6x | 21.8x |
| Thu, 27 Jul 2023 | R$8.6b | R$253.0m | R$296.3m | 6.6x | 29.1x | 34x |
| Sat, 24 Jun 2023 | R$8.3b | R$466.3m | R$421.2m | 7x | 19.7x | 17.8x |
| Mon, 22 May 2023 | R$7.8b | R$612.2m | R$244.3m | 7.3x | 32.1x | 12.8x |
| Wed, 19 Apr 2023 | R$7.3b | R$612.2m | R$244.3m | 6.3x | 29.8x | 11.9x |
Price to Earnings Ratio
8x
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 67.4x which is higher than its 3-year average PE of 35.9x.
- The industry is trading close to its 3-year average PS ratio of 17.1x.
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 12% 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 | 0.18% | |
| Real Estate | 1.35% | |
| Office REITs | -1.40% | |
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 | |
|---|---|---|---|---|---|
| RBVA11 Fundo Invest Imobiliario Agencias Caixa - FII Fund | R$82.92 | 2.2% +R$28.3m | -26.0% | n/a | |
| HGRE11 CSHG Real Estate - Fundo de Investimento Imobiliario - FII | R$110.36 | 1.0% +R$13.1m | -14.3% | n/a | |
| RCRB11 Fundo de Investimento Imobiliário Rio Bravo Renda Corporativa | R$124.06 | 1.3% +R$5.8m | -22.5% | n/a | |
| BBRC11 BB Renda Corporativa Fundo de Investimento Imobiliário - FII | R$103.54 | 1.2% +R$2.0m | -8.4% | n/a | |
| FAMB11 Fundo de Investimento Imobiliario Edificio Almirante Barroso | R$780.00 | 2.1% +R$2.0m | 20.6% | n/a |