Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies19
- 7D-0.6%
- 3M-2.0%
- 1Y13.9%
- YTD-1.4%
Over the last 7 days, the Office REITs industry has remained flat. The past year has been better, since the industry has gained 14% in that time.
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 |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | R$8.3b | R$469.2m | R$425.0m | 8.5x | 19.6x | 17.7x |
| Thu, 21 Mar 2024 | R$8.5b | R$468.8m | R$397.1m | 7.9x | 21.3x | 18x |
| Sat, 17 Feb 2024 | R$8.5b | R$468.8m | R$397.1m | 8.1x | 21.3x | 18.1x |
| Mon, 15 Jan 2024 | R$8.7b | R$482.8m | R$423.4m | 7.3x | 20.5x | 17.9x |
| Wed, 13 Dec 2023 | R$8.3b | R$485.5m | R$427.1m | 6.7x | 19.5x | 17.1x |
| Fri, 10 Nov 2023 | R$8.1b | R$485.5m | R$427.1m | 6.7x | 18.9x | 16.6x |
| Sun, 08 Oct 2023 | R$8.2b | R$485.5m | R$427.1m | 6.7x | 19.1x | 16.8x |
| Tue, 05 Sep 2023 | R$8.4b | R$485.3m | R$427.1m | 6.7x | 19.8x | 17.4x |
| Thu, 03 Aug 2023 | R$8.6b | R$388.0m | R$285.7m | 6.6x | 30x | 22.1x |
| Sat, 01 Jul 2023 | R$8.6b | R$208.6m | R$285.5m | 6.7x | 30.2x | 41.4x |
| Mon, 29 May 2023 | R$8.0b | R$466.3m | R$421.2m | 7x | 19.1x | 17.2x |
| Wed, 26 Apr 2023 | R$7.5b | R$612.2m | R$244.3m | 6.5x | 30.6x | 12.2x |
Price to Earnings Ratio
34.1x
Current Industry PE
- Investors are pessimistic on the Brazilian Office REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 19.6x which is lower than its 3-year average PE of 23.2x.
- The industry is trading close to its 3-year average PS ratio of 18.7x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have grown 27% per year over the last three years.
- Meanwhile revenues for these companies have declined 9.1% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Brazilian Real Estate industry?
| BR Market | -0.97% | |
| Real Estate | -2.44% | |
| Office REITs | -0.61% | |
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 | |
|---|---|---|---|---|---|
| BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund | R$55.99 | 2.6% +R$38.4m | 1.7% | PB0.6x | |
| BBFI11B BB Fundo De Investimento Imobiliario Progressivo | R$1.29k | 1.4% +R$2.3m | -8.3% | n/a | |
| CXCE11B Fundo de Investimento Caixa Cedae | R$44.00 | 2.1% +R$1.6m | 10.7% | n/a | |
| FAMB11B Fundo de Investimento Imobiliario Edificio Almirante Barroso | R$647.99 | 1.9% +R$1.3m | -14.3% | n/a | |
| ALMI11 Fundo De Investimento Imobiliario Torre Almirante | R$643.33 | 0.5% +R$369.1k | -17.5% | n/a |