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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies18
  • 7D1.9%
  • 3M6.5%
  • 1Y5.9%
  • YTD7.1%

The Office REITs industry is up 1.9% in the last week, with BB Progressivo II Fundo de Investimento Imobiliário - FII up 1.5%. This means that the industry has gained 5.9% over the past year.

Industry Valuation and Performance

Has the Brazilian Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025R$8.8bR$73.7mR$46.9m26.1x187.3x119.2x
Fri, 28 Nov 2025R$3.7bR$73.7mR$46.9m24x78.6x50x
Sun, 26 Oct 2025R$3.6bR$73.7mR$46.9m22.4x77.3x49.2x
Tue, 23 Sep 2025R$3.7bR$73.7mR$46.9m24.7x79.6x50.7x
Thu, 21 Aug 2025R$3.7bR$73.7mR$46.9m23x79.5x50.5x
Sat, 19 Jul 2025R$3.8bR$73.7mR$46.9m24.2x80.5x51.2x
Mon, 16 Jun 2025R$3.8bR$386.2mR$88.3m16.3x42.8x9.8x
Wed, 14 May 2025R$3.7bR$386.2mR$88.3m15.8x41.4x9.5x
Fri, 11 Apr 2025R$6.8bR$416.3mR$101.1m15.5x67.5x16.4x
Sun, 09 Mar 2025R$6.7bR$416.3mR$101.1m15.7x66.4x16.1x
Tue, 04 Feb 2025R$6.7bR$416.3mR$101.1m15.6x66.1x16.1x
Thu, 02 Jan 2025R$7.3bR$416.3mR$101.1m16.3x71.9x17.5x
Sat, 30 Nov 2024R$7.5bR$421.8mR$101.1m16.7x73.9x17.7x
Mon, 28 Oct 2024R$7.3bR$515.9mR$162.3m9.2x45.1x14.2x
Wed, 25 Sep 2024R$7.5bR$515.9mR$162.3m9.8x46.1x14.5x
Fri, 23 Aug 2024R$7.8bR$515.9mR$162.3m10.4x48.3x15.2x
Sun, 21 Jul 2024R$7.8bR$515.9mR$162.3m10.5x48.2x15.2x
Tue, 18 Jun 2024R$7.9bR$720.0mR$436.6m7.9x18x10.9x
Thu, 16 May 2024R$8.2bR$451.3mR$406.3m8.2x20.2x18.1x
Sat, 13 Apr 2024R$8.4bR$469.6mR$425.0m8.7x19.7x17.8x
Mon, 11 Mar 2024R$8.5bR$468.8mR$397.1m8x21.4x18.1x
Wed, 07 Feb 2024R$8.5bR$468.8mR$397.1m8.1x21.3x18.1x
Fri, 05 Jan 2024R$8.6bR$482.8mR$423.4m7.4x20.2x17.7x
Sun, 03 Dec 2023R$8.3bR$485.5mR$427.1m6.7x19.3x17x
Tue, 31 Oct 2023R$8.0bR$485.5mR$427.1m6.7x18.8x16.5x
Thu, 28 Sep 2023R$8.4bR$485.5mR$427.1m6.8x19.6x17.2x
Sat, 26 Aug 2023R$8.4bR$388.0mR$285.7m6.7x29.4x21.6x
Mon, 24 Jul 2023R$8.6bR$252.1mR$296.3m6.6x29.2x34.3x
Wed, 21 Jun 2023R$8.3bR$466.3mR$421.2m7x19.7x17.8x
Fri, 19 May 2023R$7.8bR$612.2mR$244.3m7.2x31.8x12.7x
Sun, 16 Apr 2023R$7.2bR$612.2mR$244.3m6.2x29.6x11.8x
Price to Earnings Ratio

34.3x


Total Market Cap: R$7.1bTotal Earnings: R$205.5mTotal Revenue: R$625.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 46.2x20242025
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 187x which is higher than its 3-year average PE of 46.2x.
  • The industry's 3-year average PS ratio of 23.9x is exceeded by the industry's current PS ratio of 119x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 39% per year over the last three years,
  • Revenues have also declined 51% 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 Market0.35%
Real Estate0.77%
Office REITs1.89%
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?

CompanyLast Price7D1YValuation
TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FIIR$100.481.5%
+R$23.6m		15.2%n/a
PVBI11 Fundo De Investimento ImobiliarRio Vbi Prime PropertiesR$82.000.7%
+R$14.7m		7.1%n/a
GTWR11 Fundo Investimento Imobiliario Green TowersR$83.001.4%
+R$13.4m		16.1%n/a
BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office FundR$45.950.4%
+R$5.3m		10.6%PB0.5x
KORE11 Kinea Oportunidades Real Estate Fundo De Investimento ImobiliarioR$74.450.6%
+R$4.4m		-10.8%n/a

Latest News

FPAB11
R$210.63
Fundo de Investimento Imobiliário Projeto Água Branca
7D
-3.8%
1Y
7.5%
BRCR11
R$45.95
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
0.4%
1Y
10.6%
FATN11
R$85.59
BRC Renda Corporativa FII - FII Athena I
7D
0.5%
1Y
9.5%
RMAI11
R$44.26
Domo Fundo de Investimento Imobiliário - FII
7D
2.1%
1Y
-47.9%
TVRI11
R$100.48
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
1.5%
1Y
15.2%
PVBI11
R$82.00
Fundo De Investimento ImobiliarRio Vbi Prime Properties
7D
0.7%
1Y
7.1%
KORE11
R$74.45
Kinea Oportunidades Real Estate Fundo De Investimento Imobiliario
7D
0.6%
1Y
-10.8%
NEWU11
R$105.00
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
-0.3%
1Y
18.4%
GTWR11
R$83.00
Fundo Investimento Imobiliario Green Towers
7D
1.4%
1Y
16.1%
XPCM11
R$7.98
XP Macaé Fundo de Investimento Imobiliário - FII
7D
-1.7%
1Y
19.1%
RBOP11
R$217.39
Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -Inicio
7D
-3.0%
1Y
-7.1%
TRNT11
R$95.00
Fundo de Investimento Imobiliário - FII Torre Norte
7D
0.5%
1Y
-22.1%