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Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies19
- 7D0.7%
- 3M-8.9%
- 1Y-12.1%
- YTD-15.5%
The Office REITs industry has been flat over the last week, but Fundo de Investimento Imobiliário Rio Bravo Renda Corporativa has lost 3.0%. Unfortunately though, the industry is down 12% over the past 12 months.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | R$7.4b | R$515.9m | R$162.3m | 8.9x | 45.8x | 14.4x |
| Sat, 19 Oct 2024 | R$7.4b | R$515.9m | R$162.3m | 9.3x | 45.4x | 14.3x |
| Mon, 16 Sep 2024 | R$7.6b | R$515.9m | R$162.3m | 10.2x | 47.1x | 14.8x |
| Wed, 14 Aug 2024 | R$7.7b | R$515.9m | R$162.3m | 10.4x | 47.6x | 15x |
| Fri, 12 Jul 2024 | R$7.7b | R$515.9m | R$162.3m | 10.3x | 47.3x | 14.9x |
| Sun, 09 Jun 2024 | R$8.0b | R$720.0m | R$436.6m | 8.1x | 18.4x | 11.1x |
| Tue, 07 May 2024 | R$8.2b | R$451.3m | R$406.3m | 8.4x | 20.1x | 18.1x |
| Thu, 04 Apr 2024 | R$8.4b | R$468.8m | R$397.1m | 8x | 21x | 17.8x |
| Sat, 02 Mar 2024 | R$8.5b | R$468.8m | R$397.1m | 8.1x | 21.5x | 18.2x |
| Mon, 29 Jan 2024 | R$8.7b | R$482.8m | R$423.4m | 7.3x | 20.5x | 18x |
| Wed, 27 Dec 2023 | R$8.5b | R$482.8m | R$423.4m | 6.9x | 20.1x | 17.6x |
| Fri, 24 Nov 2023 | R$8.1b | R$485.5m | R$427.1m | 6.7x | 19x | 16.7x |
| Sun, 22 Oct 2023 | R$8.1b | R$485.5m | R$427.1m | 6.7x | 18.9x | 16.7x |
| Tue, 19 Sep 2023 | R$8.5b | R$485.5m | R$427.1m | 6.8x | 19.9x | 17.5x |
| Thu, 17 Aug 2023 | R$8.7b | R$388.0m | R$285.7m | 6.6x | 30.3x | 22.3x |
| Sat, 15 Jul 2023 | R$8.7b | R$208.6m | R$285.5m | 6.7x | 30.3x | 41.5x |
| Mon, 12 Jun 2023 | R$8.0b | R$466.3m | R$421.2m | 7x | 19.1x | 17.2x |
| Wed, 10 May 2023 | R$7.5b | R$612.2m | R$244.3m | 6.8x | 30.9x | 12.3x |
| Fri, 07 Apr 2023 | R$7.1b | R$612.2m | R$244.3m | 6.3x | 29.1x | 11.6x |
Price to Earnings Ratio
29.1x
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 45.6x which is higher than its 3-year average PE of 28.3x.
- The 3-year average PS ratio of 17.3x is higher than the industry's current PS ratio of 14.4x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 7.6% per year over the last three years,
- Revenues have also declined 6.2% 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 | 0.30% | |
| Real Estate | -0.52% | |
| Office REITs | 0.69% | |
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 | |
|---|---|---|---|---|---|
| TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FII | R$90.66 | 2.2% +R$30.7m | -2.5% | n/a | |
| BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund | R$43.03 | 1.5% +R$17.0m | -28.2% | PB0.4x | |
| RBVA11 Fundo Invest Imobiliario Agencias Caixa - FII Fund | R$96.19 | 1.1% +R$16.2m | -9.4% | n/a | |
| TRNT11 Fundo de Investimento Imobiliário - FII Torre Norte | R$116.99 | 1.7% +R$7.9m | -8.2% | PB0.6x | |
| FAMB11 Fundo de Investimento Imobiliario Edificio Almirante Barroso | R$1.80k | 1.7% +R$3.7m | 103.3% | n/a |