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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies18
  • 7D0.6%
  • 3M0.3%
  • 1Y6.0%
  • YTD0.5%

Last week, the Office REITs industry hasn't moved much but Fundo de Investimento Imobiliário - FII Torre Norte is up 5.2% in that time. The past year has been better, since the industry has gained 6.2% in that time.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026R$8.7bR$73.7mR$46.9m26.8x184.6x117.4x
Sat, 28 Feb 2026R$8.7bR$73.7mR$46.9m27.5x186.7x118.7x
Mon, 26 Jan 2026R$8.8bR$73.7mR$46.9m27.8x188.1x119.7x
Wed, 24 Dec 2025R$8.5bR$73.7mR$46.9m26x182.3x116x
Fri, 21 Nov 2025R$3.7bR$73.7mR$46.9m24x78.4x49.9x
Sun, 19 Oct 2025R$3.7bR$73.7mR$46.9m23.3x78.3x49.8x
Tue, 16 Sep 2025R$3.7bR$73.7mR$46.9m24.8x79.9x50.8x
Thu, 14 Aug 2025R$3.7bR$73.7mR$46.9m23.3x79.4x50.5x
Sat, 12 Jul 2025R$3.8bR$73.7mR$46.9m24.5x81x51.5x
Mon, 09 Jun 2025R$3.8bR$386.2mR$88.3m16.5x43.5x9.9x
Wed, 07 May 2025R$3.6bR$386.2mR$88.3m15.6x40.9x9.3x
Fri, 04 Apr 2025R$6.9bR$416.3mR$101.1m15.5x68.6x16.7x
Sun, 02 Mar 2025R$6.7bR$416.3mR$101.1m15.5x66.1x16x
Tue, 28 Jan 2025R$6.6bR$416.3mR$101.1m15.5x65.6x15.9x
Thu, 26 Dec 2024R$7.0bR$416.3mR$101.1m16.2x69x16.8x
Sat, 23 Nov 2024R$7.4bR$426.5mR$85.7m20x86.6x17.4x
Mon, 21 Oct 2024R$7.4bR$515.9mR$162.3m9.3x45.4x14.3x
Wed, 18 Sep 2024R$7.6bR$515.9mR$162.3m10.1x46.8x14.7x
Fri, 16 Aug 2024R$7.7bR$515.9mR$162.3m10.4x47.8x15x
Sun, 14 Jul 2024R$7.7bR$515.9mR$162.3m10.4x47.7x15x
Tue, 11 Jun 2024R$8.0bR$720.0mR$436.6m8.1x18.4x11.1x
Thu, 09 May 2024R$8.2bR$451.3mR$406.3m8.3x20.3x18.2x
Sat, 06 Apr 2024R$8.4bR$469.6mR$425.0m8.6x19.7x17.8x
Mon, 04 Mar 2024R$8.5bR$468.8mR$397.1m8.1x21.4x18.1x
Wed, 31 Jan 2024R$8.7bR$482.8mR$423.4m7.3x20.6x18.1x
Fri, 29 Dec 2023R$8.5bR$482.8mR$423.4m6.9x20.2x17.7x
Sun, 26 Nov 2023R$8.2bR$485.5mR$427.1m6.7x19.2x16.9x
Tue, 24 Oct 2023R$8.1bR$485.5mR$427.1m6.8x18.9x16.6x
Thu, 21 Sep 2023R$8.5bR$485.5mR$427.1m6.8x20x17.6x
Sat, 19 Aug 2023R$8.6bR$388.0mR$285.7m6.6x30x22.1x
Mon, 17 Jul 2023R$8.7bR$208.6mR$285.5m6.7x30.3x41.5x
Wed, 14 Jun 2023R$8.1bR$466.3mR$421.2m7x19.2x17.3x
Fri, 12 May 2023R$7.7bR$612.2mR$244.3m6.7x31.3x12.5x
Sun, 09 Apr 2023R$7.1bR$612.2mR$244.3m6.3x29.1x11.6x
Price to Earnings Ratio

29.1x


Total Market Cap: R$7.1bTotal Earnings: R$244.3mTotal Revenue: R$612.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 58.1x202420252026
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 184x which is higher than its 3-year average PE of 57.9x.
  • The industry's 3-year average PS ratio of 31.8x is exceeded by the industry's current PS ratio of 117x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 42% 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 Market2.97%
Real Estate5.12%
Office REITs0.64%
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
PVBI11 Fundo De Investimento ImobiliarRio Vbi Prime PropertiesR$77.141.8%
+R$36.1m		-2.7%n/a
TRNT11 Fundo de Investimento Imobiliário - FII Torre NorteR$117.002.6%
+R$11.8m		25.8%n/a
BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office FundR$47.190.9%
+R$11.7m		18.1%PB0.5x
FATN11 BRC Renda Corporativa FII - FII Athena IR$87.051.0%
+R$4.4m		15.0%n/a
VINO11 Vinci Fundo De Investimento ImobiliarioR$5.040.8%
+R$3.3m		1.0%n/a

Latest News

KORE11
R$72.75
Kinea Oportunidades Real Estate Fundo De Investimento Imobiliario
7D
-1.7%
1Y
-14.7%
NEWU11
R$105.27
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
0.7%
1Y
36.6%
PVBI11
R$77.14
Fundo De Investimento ImobiliarRio Vbi Prime Properties
7D
1.8%
1Y
-2.7%
BBRC11
R$103.95
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
-0.5%
1Y
-0.05%
TVRI11
R$98.66
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
-0.6%
1Y
12.7%
EDGA11
R$14.65
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
3.8%
1Y
-13.3%
XPCM11
R$8.04
XP Macaé Fundo de Investimento Imobiliário - FII
7D
-3.1%
1Y
17.5%
FPAB11
R$203.00
Fundo de Investimento Imobiliário Projeto Água Branca
7D
-1.0%
1Y
1.5%
BRCR11
R$47.19
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
0.9%
1Y
18.1%
FATN11
R$87.05
BRC Renda Corporativa FII - FII Athena I
7D
1.0%
1Y
15.0%
GTWR11
R$84.15
Fundo Investimento Imobiliario Green Towers
7D
-1.5%
1Y
22.0%
VINO11
R$5.04
Vinci Fundo De Investimento Imobiliario
7D
0.8%
1Y
1.0%
TRNT11
R$117.00
Fundo de Investimento Imobiliário - FII Torre Norte
7D
2.6%
1Y
25.8%
PRSV11
R$33.98
Fundo de Investimento Imobiliário Presidente Vargas
7D
8.4%
1Y
-37.0%