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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies19
  • 7D-0.5%
  • 3M-8.3%
  • 1Y-5.3%
  • YTD-8.3%

In the last week, the Office REITs industry is flat overall, with Fundo de Investimento Imobiliário - FII Torre Norte standing out by going down 8.6%. As for the longer term, the industry has declined 5.3% in the last year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026R$8.1bR$204.7mR$73.4m10.6x110.1x39.5x
Sat, 30 May 2026R$8.3bR$114.6mR$5.9m25.5x1415.9x72.7x
Mon, 27 Apr 2026R$8.7bR$114.6mR$5.9m27x1481.3x76x
Wed, 25 Mar 2026R$8.7bR$73.7mR$46.9m26.5x184.6x117.4x
Fri, 20 Feb 2026R$8.7bR$73.7mR$46.9m27.3x185.9x118.2x
Sun, 18 Jan 2026R$8.7bR$73.7mR$46.9m27.8x185.7x118.1x
Tue, 16 Dec 2025R$3.8bR$73.7mR$46.9m25.6x80.6x51.3x
Thu, 13 Nov 2025R$3.6bR$73.7mR$46.9m23.3x77.5x49.3x
Sat, 11 Oct 2025R$3.7bR$73.7mR$46.9m23.6x78.6x50x
Mon, 08 Sep 2025R$3.7bR$73.7mR$46.9m24x78.5x49.9x
Wed, 06 Aug 2025R$3.7bR$73.7mR$46.9m23.5x79.3x50.4x
Fri, 04 Jul 2025R$3.8bR$73.7mR$46.9m24.1x80.9x51.5x
Sun, 01 Jun 2025R$3.8bR$386.2mR$88.3m17.2x43.4x9.9x
Tue, 29 Apr 2025R$3.6bR$386.2mR$88.3m15.5x40.7x9.3x
Thu, 27 Mar 2025R$6.9bR$416.3mR$101.1m15.7x68x16.5x
Sat, 22 Feb 2025R$6.6bR$416.3mR$101.1m15.7x65.5x15.9x
Mon, 20 Jan 2025R$6.7bR$416.3mR$101.1m15.6x66.5x16.2x
Wed, 18 Dec 2024R$7.0bR$416.3mR$101.1m15.7x68.9x16.7x
Fri, 15 Nov 2024R$7.4bR$515.9mR$162.3m8.7x45.6x14.3x
Sun, 13 Oct 2024R$7.4bR$515.9mR$162.3m9.2x45.5x14.3x
Tue, 10 Sep 2024R$7.7bR$515.9mR$162.3m10.2x47.7x15x
Thu, 08 Aug 2024R$7.7bR$515.9mR$162.3m10.5x47.3x14.9x
Sat, 06 Jul 2024R$7.7bR$515.9mR$162.3m10.4x47.4x14.9x
Mon, 03 Jun 2024R$8.1bR$722.7mR$436.6m8.1x18.6x11.3x
Wed, 01 May 2024R$8.3bR$451.3mR$406.3m8.3x20.4x18.4x
Fri, 29 Mar 2024R$8.5bR$468.8mR$397.1m8x21.5x18.2x
Sun, 25 Feb 2024R$8.5bR$468.8mR$397.1m8x21.3x18x
Tue, 23 Jan 2024R$8.6bR$482.8mR$423.4m7.3x20.4x17.9x
Thu, 21 Dec 2023R$8.4bR$479.5mR$423.4m6.8x19.8x17.4x
Sat, 18 Nov 2023R$8.2bR$485.5mR$427.1m6.7x19.1x16.8x
Mon, 16 Oct 2023R$8.2bR$485.5mR$427.1m6.8x19.1x16.8x
Wed, 13 Sep 2023R$8.4bR$485.3mR$427.1m6.7x19.7x17.4x
Fri, 11 Aug 2023R$8.7bR$388.0mR$285.7m6.6x30.4x22.4x
Sun, 09 Jul 2023R$8.7bR$208.6mR$285.5m6.7x30.4x41.7x
Price to Earnings Ratio

30.4x


Total Market Cap: R$8.7bTotal Earnings: R$285.5mTotal Revenue: R$208.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 120.1x202420252026
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 110x which is lower than its 3-year average PE of 120x.
  • The industry is trading close to its 3-year average PS ratio of 36.7x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 36% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Brazilian Real Estate industry?

BR Market-0.27%
Real Estate0.26%
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?

CompanyLast Price7D1YValuation
TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FIIR$91.200.9%
+R$12.7m		-3.3%n/a
BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office FundR$42.290.6%
+R$7.2m		-0.4%PB0.5x
KORE11 Kinea Oportunidades Real Estate Fundo De Investimento ImobiliarioR$62.360.3%
+R$1.7m		-22.4%n/a
EDGA11 Fundo de Investimento Imobiliario - FII Edificio GaleriaR$13.461.9%
+R$953.0k		-19.0%PB0.3x
FATN11 BRC Renda Corporativa FII - FII Athena IR$79.750.06%
+R$308.0k		4.3%n/a

Latest News

PVBI11
R$71.44
Fundo De Investimento ImobiliarRio Vbi Prime Properties
7D
-1.0%
1Y
-6.6%
RBOP11
R$221.21
Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -Inicio
7D
-2.3%
1Y
6.4%
KORE11
R$62.36
Kinea Oportunidades Real Estate Fundo De Investimento Imobiliario
7D
0.3%
1Y
-22.4%
GTWR11
R$79.63
Fundo Investimento Imobiliario Green Towers
7D
-1.5%
1Y
3.4%
TVRI11
R$91.20
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
0.9%
1Y
-3.3%
BBRC11
R$102.50
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
-0.3%
1Y
4.6%
EDGA11
R$13.46
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
1.9%
1Y
-19.0%
VVCO11
R$9.01
XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund
7D
-5.1%
1Y
-35.6%
FPAB11
R$201.00
Fundo de Investimento Imobiliário Projeto Água Branca
7D
-0.5%
1Y
-4.8%
BRCR11
R$42.29
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
0.6%
1Y
-0.4%
FATN11
R$79.75
BRC Renda Corporativa FII - FII Athena I
7D
0.06%
1Y
4.3%
TRNT11
R$100.51
Fundo de Investimento Imobiliário - FII Torre Norte
7D
-8.6%
1Y
5.8%
VINO11
R$4.68
Vinci Fundo De Investimento Imobiliario
7D
-0.8%
1Y
-7.5%
XPCM11
R$8.07
XP Macaé Fundo de Investimento Imobiliário - FII
7D
0.5%
1Y
12.1%
PRSV11
R$30.50
Fundo de Investimento Imobiliário Presidente Vargas
7D
1.5%
1Y
-31.0%