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Brazilian (BOVESPA) REITS Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies19
- 7D-0.04%
- 3M-10.5%
- 1Y-11.9%
- YTD-8.1%
In the last week, REITS has been flat. Unfortunately though, the industry is down 13% over the past 12 months.
Industry Valuation and Performance
Has the Brazilian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | R$8.5b | R$633.0m | R$492.2m | 9x | 17.2x | 13.4x |
| Sat, 19 Oct 2024 | R$8.8b | R$526.8m | R$393.7m | 13.3x | 22.3x | 16.7x |
| Mon, 16 Sep 2024 | R$9.3b | R$526.8m | R$393.7m | 14.2x | 23.5x | 17.6x |
| Wed, 14 Aug 2024 | R$9.5b | R$526.8m | R$393.7m | 14.8x | 24x | 18x |
| Fri, 12 Jul 2024 | R$8.7b | R$526.8m | R$393.7m | 13x | 22.2x | 16.6x |
| Sun, 09 Jun 2024 | R$8.8b | R$526.8m | R$393.7m | 13.1x | 22.3x | 16.7x |
| Tue, 07 May 2024 | R$8.5b | R$526.8m | R$393.7m | 13.5x | 21.7x | 16.2x |
| Thu, 04 Apr 2024 | R$8.6b | R$473.4m | R$339.8m | 23.4x | 25.4x | 18.2x |
| Sat, 02 Mar 2024 | R$8.6b | R$492.3m | R$402.2m | 14x | 21.4x | 17.5x |
| Mon, 29 Jan 2024 | R$8.7b | R$492.3m | R$402.2m | 14.1x | 21.6x | 17.6x |
| Wed, 27 Dec 2023 | R$7.6b | R$492.3m | R$402.2m | 14.1x | 19x | 15.5x |
| Fri, 24 Nov 2023 | R$7.6b | R$492.3m | R$402.2m | 13.5x | 18.8x | 15.4x |
| Sun, 22 Oct 2023 | R$7.6b | R$492.3m | R$402.2m | 13.3x | 18.8x | 15.4x |
| Tue, 19 Sep 2023 | R$8.0b | R$498.2m | R$402.2m | 14.3x | 19.8x | 16x |
| Thu, 17 Aug 2023 | R$7.6b | R$420.0m | R$365.7m | 15x | 20.7x | 18x |
| Sat, 15 Jul 2023 | R$7.6b | R$420.0m | R$365.7m | 15.3x | 20.8x | 18.1x |
| Mon, 12 Jun 2023 | R$8.8b | R$478.0m | R$374.3m | 14.4x | 23.6x | 18.5x |
| Wed, 10 May 2023 | R$8.5b | R$478.0m | R$374.3m | 13.5x | 22.8x | 17.9x |
| Fri, 07 Apr 2023 | R$8.0b | R$480.7m | R$396.0m | 9.8x | 20.2x | 16.6x |
| Sun, 05 Mar 2023 | R$24.6b | R$1.7b | R$1.1b | 12.4x | 22.8x | 14.5x |
| Tue, 31 Jan 2023 | R$25.1b | R$1.7b | R$1.1b | 12.5x | 23.3x | 14.8x |
| Thu, 29 Dec 2022 | R$25.2b | R$751.8m | R$483.9m | 13.1x | 52.1x | 33.5x |
| Sat, 26 Nov 2022 | R$24.3b | R$312.4m | R$276.9m | 9.7x | 87.8x | 77.8x |
| Mon, 24 Oct 2022 | R$24.2b | R$312.4m | R$276.9m | 10.5x | 87.5x | 77.6x |
| Wed, 21 Sep 2022 | R$24.2b | R$312.4m | R$276.9m | 10.7x | 87.4x | 77.5x |
| Fri, 19 Aug 2022 | R$23.5b | R$312.4m | R$276.9m | 10.3x | 85x | 75.3x |
| Sun, 17 Jul 2022 | R$21.7b | R$312.4m | R$276.9m | 9.5x | 78.5x | 69.6x |
| Tue, 14 Jun 2022 | R$20.3b | R$1.0b | R$868.3m | 8x | 23.4x | 19.8x |
| Thu, 12 May 2022 | R$107.5b | R$1.0b | R$868.3m | 7.8x | 123.8x | 105x |
| Sat, 09 Apr 2022 | R$102.4b | R$991.4m | R$873.6m | 8.3x | 117.3x | 103.3x |
| Mon, 07 Mar 2022 | R$104.6b | R$988.9m | R$749.8m | 7.7x | 139.5x | 105.8x |
| Wed, 02 Feb 2022 | R$100.7b | R$868.3m | R$610.4m | 8.1x | 165x | 116x |
| Fri, 31 Dec 2021 | R$99.3b | R$744.4m | R$687.7m | 10.4x | 144.3x | 133.3x |
| Sun, 28 Nov 2021 | R$21.0b | R$857.7m | R$1.0b | 8.9x | 20.3x | 24.5x |
Price to Earnings Ratio
20.3x
Current Industry PE
- Investors are pessimistic on the Brazilian 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 17.2x which is lower than its 3-year average PE of 50.6x.
- The 3-year average PS ratio of 41.2x is higher than the industry's current PS ratio of 13.4x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 22% per year over the last three years,
- Revenues have also declined 9.6% 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% | |
| REITS | -0.04% | |
| Healthcare REITs | 2.15% | |
| Office REITs | 0.69% | |
| Industrial REITs | 0.47% | |
| Specialized REITs | 0.46% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Diversified REITs | -0.04% | |
| Retail REITs | -4.46% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 26.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 872x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PORD11 Polo Fundo de Investimento Imobiliário - Recebíveis Imobiliários II - FII | R$7.96 | 1.1% +R$3.4m | -9.1% | n/a | |
| BPFF11 Fundo de Investimento Imobiliário - FII Brasil Plural Absoluto Fundo de Fundos | R$60.49 | 1.1% +R$3.0m | -12.1% | PB0.8x | |
| JSRE11 JS Real Estate multigestão - FII fund | R$60.05 | 0.08% +R$1.0m | -18.0% | PB0.5x | |
| RBRD11 RB Capital Renda II Fundo de Investimento Imobiliário - FII | R$35.53 | 1.4% +R$907.4k | -9.4% | n/a | |
| BCIA11 Bradesco Carteira Imobiliaria Ativa Fundos de Investimento Imobiliario | R$85.85 | 0.2% +R$557.9k | -11.7% | n/a |