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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedMay 18, 2026
DataAggregated Company Financials
Companies19
  • 7D-2.3%
  • 3M-3.9%
  • 1Y-0.2%
  • YTD-3.1%

Over the last 7 days, the Office REITs industry has dropped 2.3%, driven by a pullback from Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund of 3.7%. Over the last year, the industry has been flat overall.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 May 2026R$8.5bR$114.6mR$5.9m25.8x1438.7x73.8x
Thu, 16 Apr 2026R$8.6bR$73.7mR$46.9m26.9x184x117.1x
Sat, 14 Mar 2026R$8.8bR$73.7mR$46.9m27.4x186.8x118.8x
Mon, 09 Feb 2026R$8.8bR$73.7mR$46.9m27.6x187.3x119.1x
Wed, 07 Jan 2026R$8.6bR$73.7mR$46.9m26.8x183.1x116.4x
Fri, 05 Dec 2025R$3.7bR$73.7mR$46.9m24.6x78.8x50.1x
Sun, 02 Nov 2025R$3.7bR$73.7mR$46.9m23.2x78.2x49.8x
Tue, 30 Sep 2025R$3.7bR$73.7mR$46.9m24.7x79.9x50.8x
Thu, 28 Aug 2025R$3.7bR$73.7mR$46.9m23.3x78.5x49.9x
Sat, 26 Jul 2025R$3.7bR$73.7mR$46.9m23.7x80x50.9x
Mon, 23 Jun 2025R$3.8bR$116.1mR$80.0m16.3x47.4x32.7x
Wed, 21 May 2025R$3.7bR$386.2mR$88.3m15.9x42.2x9.7x
Fri, 18 Apr 2025R$6.9bR$388.5mR$88.3m15.4x78.6x17.9x
Sun, 16 Mar 2025R$6.8bR$416.3mR$101.1m15.6x66.9x16.2x
Tue, 11 Feb 2025R$6.6bR$416.3mR$101.1m15.5x64.9x15.8x
Thu, 09 Jan 2025R$6.9bR$416.3mR$101.1m16x68.3x16.6x
Sat, 07 Dec 2024R$7.0bR$416.3mR$101.1m16.1x69.6x16.9x
Mon, 04 Nov 2024R$7.3bR$515.9mR$162.3m9x45x14.2x
Wed, 02 Oct 2024R$7.4bR$515.9mR$162.3m9.5x45.8x14.4x
Fri, 30 Aug 2024R$7.8bR$515.9mR$162.3m10.4x48.1x15.1x
Sun, 28 Jul 2024R$7.8bR$515.9mR$162.3m10.4x47.9x15.1x
Tue, 25 Jun 2024R$7.8bR$720.0mR$436.6m7.6x17.9x10.9x
Thu, 23 May 2024R$8.2bR$451.3mR$406.3m8.2x20.1x18.1x
Sat, 20 Apr 2024R$8.3bR$469.2mR$425.0m8.4x19.5x17.6x
Mon, 18 Mar 2024R$8.5bR$468.8mR$397.1m8x21.4x18.1x
Wed, 14 Feb 2024R$8.5bR$468.8mR$397.1m8.1x21.4x18.1x
Fri, 12 Jan 2024R$8.7bR$482.8mR$423.4m7.3x20.5x17.9x
Sun, 10 Dec 2023R$8.4bR$485.5mR$427.1m6.8x19.6x17.3x
Tue, 07 Nov 2023R$8.0bR$485.5mR$427.1m6.7x18.8x16.5x
Thu, 05 Oct 2023R$8.4bR$485.5mR$427.1m6.7x19.6x17.2x
Sat, 02 Sep 2023R$8.5bR$485.3mR$427.1m6.7x19.8x17.4x
Mon, 31 Jul 2023R$8.6bR$393.0mR$294.8m6.6x29.3x22x
Wed, 28 Jun 2023R$8.5bR$466.3mR$421.2m7x20.1x18.1x
Fri, 26 May 2023R$8.0bR$612.2mR$244.3m7.3x32.7x13x
Price to Earnings Ratio

32.7x


Total Market Cap: R$8.0bTotal Earnings: R$244.3mTotal Revenue: R$612.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 102x202420252026
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 1kx which is higher than its 3-year average PE of 101x.
  • The industry's 3-year average PS ratio of 35.1x is exceeded by the industry's current PS ratio of 73.8x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 71% per year over the last three years,
  • Revenues have also declined 43% 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-4.03%
Real Estate-2.93%
Office REITs-2.31%
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
TRNT11 Fundo de Investimento Imobiliário - FII Torre NorteR$110.945.7%
+R$23.4m		16.4%PB0.7x
BBRC11 BB Renda Corporativa Fundo de Investimento Imobiliário - FIIR$104.491.4%
+R$2.4m		1.2%n/a
FPAB11 Fundo de Investimento Imobiliário Projeto Água BrancaR$208.001.5%
+R$2.3m		11.2%n/a
XPCM11 XP Macaé Fundo de Investimento Imobiliário - FIIR$8.252.6%
+R$507.1k		18.0%n/a
PRSV11 Fundo de Investimento Imobiliário Presidente VargasR$33.946.1%
+R$502.1k		-20.3%n/a

Latest News

XPCM11
R$8.24
XP Macaé Fundo de Investimento Imobiliário - FII
7D
2.5%
1Y
17.9%
EDGA11
R$12.57
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
-3.2%
1Y
-26.1%
BRCR11
R$45.48
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
-3.7%
1Y
4.0%
RBOP11
R$222.01
Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -Inicio
7D
0.005%
1Y
7.0%
NEWU11
R$114.50
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
0.04%
1Y
50.1%
TVRI11
R$92.58
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
-0.7%
1Y
1.4%
VINO11
R$4.90
Vinci Fundo De Investimento Imobiliario
7D
-1.0%
1Y
-5.2%
KORE11
R$69.76
Kinea Oportunidades Real Estate Fundo De Investimento Imobiliario
7D
-0.6%
1Y
-18.0%
BBRC11
R$104.55
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
1.5%
1Y
1.2%
LMAI11
R$37.00
Domo Fundo de Investimento Imobiliário - FII
7D
-1.1%
1Y
-50.0%
GTWR11
R$79.85
Fundo Investimento Imobiliario Green Towers
7D
-3.9%
1Y
5.1%
PVBI11
R$76.95
Fundo De Investimento ImobiliarRio Vbi Prime Properties
7D
2.5%
1Y
-1.3%
TRNT11
R$110.94
Fundo de Investimento Imobiliário - FII Torre Norte
7D
5.7%
1Y
16.4%
PRSV11
R$33.94
Fundo de Investimento Imobiliário Presidente Vargas
7D
6.1%
1Y
-20.3%
VVCO11
R$11.21
XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund
7D
-19.6%
1Y
-19.5%