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Brazilian (BOVESPA) Real Estate Operating Companies Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies9
  • 7D5.4%
  • 3M14.0%
  • 1Y20.6%
  • YTDn/a

Allos is up 5.8%, leading the way for the Real Estate Operating Companies industry, which has gained 4.1%. During this same period, the HBR Realty Empreendimentos Imobiliários underperformed, falling 11%. In the last 12 months, the industry was up 17%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

Has the Brazilian Real Estate Operating Companies Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025R$44.1bR$10.2bR$4.5b6.3x9.8x4.3x
Fri, 10 Oct 2025R$41.4bR$10.0bR$4.5b6.3x9.1x4.1x
Sun, 07 Sep 2025R$42.1bR$10.0bR$4.5b9.1x9.3x4.2x
Tue, 05 Aug 2025R$38.0bR$10.8bR$4.9b6.8x7.7x3.5x
Thu, 03 Jul 2025R$39.1bR$10.6bR$4.9b7.8x7.9x3.7x
Sat, 31 May 2025R$39.3bR$10.6bR$4.9b7.7x8x3.7x
Mon, 28 Apr 2025R$37.7bR$10.5bR$4.5b7.1x8.3x3.6x
Wed, 26 Mar 2025R$34.1bR$10.2bR$3.5b7.8x9.7x3.4x
Fri, 21 Feb 2025R$33.5bR$9.9bR$3.7b7.4x9.2x3.4x
Sun, 19 Jan 2025R$31.6bR$9.5bR$3.4b6.7x9.3x3.3x
Tue, 17 Dec 2024R$33.8bR$9.5bR$3.4b7.1x9.9x3.6x
Thu, 14 Nov 2024R$37.8bR$9.6bR$3.3b7.5x11.6x4x
Sat, 12 Oct 2024R$39.9bR$9.5bR$3.2b9.2x12.6x4.2x
Mon, 09 Sep 2024R$41.8bR$9.5bR$3.2b9.7x13.2x4.4x
Wed, 07 Aug 2024R$42.5bR$8.7bR$2.8b13.2x15.3x4.9x
Fri, 05 Jul 2024R$42.1bR$8.7bR$2.7b12.8x15.5x4.8x
Sun, 02 Jun 2024R$40.5bR$8.7bR$2.7b12.2x15.1x4.6x
Tue, 30 Apr 2024R$42.0bR$9.9bR$5.5b10.9x7.6x4.2x
Thu, 28 Mar 2024R$46.0bR$9.8bR$5.8b9.4x7.9x4.7x
Sat, 24 Feb 2024R$41.4bR$8.1bR$5.2b10.9x8x5.1x
Mon, 22 Jan 2024R$50.1bR$9.6bR$5.6b12.5x8.9x5.2x
Wed, 20 Dec 2023R$52.0bR$22.7bR$5.6b12.5x9.3x2.3x
Fri, 17 Nov 2023R$49.6bR$23.2bR$5.7b11.8x8.7x2.1x
Sun, 15 Oct 2023R$47.6bR$9.8bR$5.7b11.7x8.3x4.9x
Tue, 12 Sep 2023R$48.1bR$9.8bR$5.7b11.9x8.4x4.9x
Thu, 10 Aug 2023R$51.5bR$9.2bR$5.6b11.4x9.2x5.6x
Sat, 08 Jul 2023R$52.8bR$9.2bR$3.9b10.5x13.6x5.8x
Mon, 05 Jun 2023R$48.5bR$9.2bR$3.9b10.3x12.5x5.3x
Wed, 03 May 2023R$45.0bR$8.8bR$951.2m15.6x47.3x5.1x
Fri, 31 Mar 2023R$46.4bR$8.7bR$882.4m12.5x52.6x5.3x
Sun, 26 Feb 2023R$40.7bR$10.6bR$2.6b8.2x15.5x3.8x
Tue, 24 Jan 2023R$40.2bR$10.5bR$2.7b8.2x15.1x3.8x
Thu, 22 Dec 2022R$39.3bR$10.5bR$2.7b8.2x14.7x3.7x
Sat, 19 Nov 2022R$40.8bR$10.5bR$2.6b4.7x15.9x3.9x
Price to Earnings Ratio

15.9x


Total Market Cap: R$40.8bTotal Earnings: R$2.6bTotal Revenue: R$10.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Real Estate Operating Companies Industry Price to Earnings3Y Average 13x202320242025
Current Industry PE
  • Investors are pessimistic on the Brazilian Real Estate Operating Companies 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 9.8x which is lower than its 3-year average PE of 13.0x.
  • The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate Operating Companies industry have grown 21% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Brazilian Real Estate Operating Companies compare with similar industries?

BR Market4.19%
Real Estate2.08%
Real Estate5.47%
Real Estate Operating Companies5.44%
Real Estate Development5.81%
Real Estate Services0%0
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
ALOS3 AllosR$26.826.2%
+R$784.4m		24.2%PE18.2x
MULT3 Multiplan Empreendimentos ImobiliáriosR$29.375.7%
+R$776.9m		19.7%PE11.6x
JHSF3 JHSF ParticipaçõesR$7.085.7%
+R$254.1m		59.5%PE4.1x
IGTI3 IguatemiR$3.094.7%
+R$168.9m		28.2%PE6.4x
LAND3 Terra Santa Propriedades AgrícolasR$8.5614.4%
+R$103.9m		-25.9%PE50.5x

Latest News

LAND3
R$8.56
Terra Santa Propriedades Agrícolas
7D
14.4%
1Y
-25.9%
IGTI3
R$3.09
Iguatemi
7D
4.7%
1Y
28.2%

Additional Considerations Required While Assessing Iguatemi's (BVMF:IGTI3) Strong Earnings

Nov 11
Additional Considerations Required While Assessing Iguatemi's (BVMF:IGTI3) Strong Earnings
HBRE3
R$4.13
HBR Realty Empreendimentos Imobiliários
7D
-8.8%
1Y
-4.0%
MULT3
R$29.37
Multiplan Empreendimentos Imobiliários
7D
5.7%
1Y
19.7%

MULT3: Profit Margin Improvements Are Expected To Increase Upside Potential

Analysts have modestly raised their price target for Multiplan Empreendimentos Imobiliários from R$33.50 to R$33.65. They cite improvements in projected profit margin and overall fair value, despite tempered expectations for revenue growth.
LOGG3
R$24.85
LOG Commercial Properties e Participações
7D
3.3%
1Y
11.1%

LOG Commercial Properties e Participações (BVMF:LOGG3) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 07
LOG Commercial Properties e Participações (BVMF:LOGG3) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
ALOS3
R$26.82
Allos
7D
6.2%
1Y
24.2%

ALOS3: Revenue Improvement And Higher P/E Will Support Future Upside

Analysts have raised their price target for Allos from $28.96 to $29.96, citing moderately improved revenue growth expectations. This slightly offsets a marginal decrease in projected profit margins.
JHSF3
R$7.08
JHSF Participações
7D
5.7%
1Y
59.5%

Here's Why We Think JHSF Participações (BVMF:JHSF3) Is Well Worth Watching

Nov 05
Here's Why We Think JHSF Participações (BVMF:JHSF3) Is Well Worth Watching
SYNE3
R$4.98
Syn Prop & Tech
7D
0.8%
1Y
-43.3%

Some Syn Prop & Tech S.A. (BVMF:SYNE3) Shareholders Look For Exit As Shares Take 28% Pounding

Sep 19
Some Syn Prop & Tech S.A. (BVMF:SYNE3) Shareholders Look For Exit As Shares Take 28% Pounding
SCAR3
R$21.49
São Carlos Empreendimentos e Participações
7D
3.8%
1Y
5.2%

São Carlos Empreendimentos e Participações' (BVMF:SCAR3) Earnings Offer More Than Meets The Eye

Aug 20
São Carlos Empreendimentos e Participações' (BVMF:SCAR3) Earnings Offer More Than Meets The Eye
GSHP3
R$2.72
General Shopping e Outlets do Brasil
7D
-4.6%
1Y
-63.7%