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Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies19
- 7D-0.5%
- 3M-11.5%
- 1Y-21.3%
- YTD-21.3%
Last week, the Office REITs industry hasn't moved much but Fundo de Investimento Imobiliário - FII Torre Norte is up 3.3% in that time. As for the longer term, the industry has declined 21% in the last year.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | R$6.9b | R$416.3m | R$101.1m | 15.9x | 68.4x | 16.6x |
| Tue, 19 Nov 2024 | R$7.4b | R$515.9m | R$162.3m | 8.9x | 45.4x | 14.3x |
| Thu, 17 Oct 2024 | R$7.4b | R$515.9m | R$162.3m | 9.4x | 45.5x | 14.3x |
| Sat, 14 Sep 2024 | R$7.6b | R$515.9m | R$162.3m | 10.2x | 47.1x | 14.8x |
| Mon, 12 Aug 2024 | R$7.8b | R$515.9m | R$162.3m | 10.4x | 47.8x | 15x |
| Wed, 10 Jul 2024 | R$7.7b | R$515.9m | R$162.3m | 10.2x | 47.2x | 14.8x |
| Fri, 07 Jun 2024 | R$8.0b | R$722.7m | R$436.6m | 8.2x | 18.4x | 11.1x |
| Sun, 05 May 2024 | R$8.2b | R$451.3m | R$406.3m | 8.3x | 20.1x | 18.1x |
| Tue, 02 Apr 2024 | R$8.5b | R$468.8m | R$397.1m | 8x | 21.4x | 18.1x |
| Thu, 29 Feb 2024 | R$8.4b | R$468.8m | R$397.1m | 8x | 21.2x | 17.9x |
| Sat, 27 Jan 2024 | R$8.7b | R$482.8m | R$423.4m | 7.3x | 20.5x | 18x |
| Mon, 25 Dec 2023 | R$8.5b | R$482.8m | R$423.4m | 6.9x | 20.1x | 17.6x |
| Wed, 22 Nov 2023 | R$8.2b | R$485.5m | R$427.1m | 6.7x | 19.1x | 16.8x |
| Fri, 20 Oct 2023 | R$8.1b | R$485.5m | R$427.1m | 6.7x | 19x | 16.7x |
| Sun, 17 Sep 2023 | R$8.5b | R$485.5m | R$427.1m | 6.8x | 19.9x | 17.5x |
| Tue, 15 Aug 2023 | R$8.7b | R$388.0m | R$285.7m | 6.6x | 30.4x | 22.4x |
| Thu, 13 Jul 2023 | R$8.6b | R$208.6m | R$285.5m | 6.7x | 30.2x | 41.4x |
| Sat, 10 Jun 2023 | R$8.0b | R$466.3m | R$421.2m | 7x | 19.1x | 17.2x |
| Mon, 08 May 2023 | R$7.6b | R$612.2m | R$244.3m | 6.7x | 30.9x | 12.3x |
| Wed, 05 Apr 2023 | R$7.1b | R$625.4m | R$205.5m | 12.2x | 34.3x | 11.3x |
Price to Earnings Ratio
34.3x
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 66.9x which is higher than its 3-year average PE of 30.4x.
- The industry is trading close to its 3-year average PS ratio of 17.3x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 21% per year over the last three years,
- Revenues have also declined 13% 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 | -2.98% | |
| Real Estate | -1.24% | |
| Office REITs | -0.47% | |
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 | |
|---|---|---|---|---|---|
| TRNT11 Fundo de Investimento Imobiliário - FII Torre Norte | R$124.98 | 3.3% +R$15.7m | -0.8% | PB0.6x | |
| HGRE11 CSHG Real Estate - Fundo de Investimento Imobiliario - FII | R$99.98 | 1.3% +R$15.2m | -24.3% | n/a | |
| RBVA11 Fundo Invest Imobiliario Agencias Caixa - FII Fund | R$82.96 | 1.2% +R$15.0m | -27.0% | n/a | |
| BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund | R$40.47 | 0.8% +R$8.8m | -32.6% | PB0.5x | |
| RMAI11 Domo Fundo de Investimento Imobiliário - FII | R$75.02 | 0.7% +R$1.3m | 20.0% | n/a |