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Brazilian (BOVESPA) REITS Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies38
  • 7D2.0%
  • 3M2.3%
  • 1Y7.1%
  • YTD6.9%

Over the last 7 days, the REITS industry has risen 2.3%, driven by gains from Kinea Renda Imobiliária Fundo de Investimento Imobiliário of 4.8%. In the last 12 months, the industry was up 6.9%.

Industry Valuation and Performance

Has the Brazilian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025R$37.7bR$46.9mR$33.1m13.6x1136.6x802.7x
Wed, 26 Nov 2025R$21.9bR$46.9mR$33.1m13.7x661.4x467.1x
Fri, 24 Oct 2025R$21.8bR$46.9mR$33.1m13.8x656.3x463.5x
Sun, 21 Sep 2025R$21.6bR$46.9mR$33.1m14.4x651.5x460.1x
Tue, 19 Aug 2025R$21.3bR$46.9mR$33.1m14.3x643.9x454.7x
Thu, 17 Jul 2025R$9.9bR$46.9mR$33.1m14.5x298.2x210.6x
Sat, 14 Jun 2025R$9.8bR$187.7mR$91.5m14.6x106.6x52x
Mon, 12 May 2025R$9.7bR$237.0mR$144.2m16.6x67.3x40.9x
Wed, 09 Apr 2025R$8.3bR$307.8mR$200.3m15.9x41.3x26.9x
Fri, 07 Mar 2025R$8.3bR$307.8mR$200.3m15.3x41.4x26.9x
Sun, 02 Feb 2025R$8.0bR$291.1mR$198.1m4.4x40.5x27.6x
Tue, 31 Dec 2024R$8.5bR$291.1mR$198.1m4.9x42.8x29.1x
Thu, 28 Nov 2024R$8.5bR$633.0mR$492.2m8.9x17.2x13.4x
Sat, 26 Oct 2024R$8.6bR$526.8mR$393.7m13.2x21.9x16.4x
Mon, 23 Sep 2024R$8.8bR$526.8mR$393.7m13.2x22.4x16.8x
Wed, 21 Aug 2024R$9.5bR$526.8mR$393.7m15x24.2x18.1x
Fri, 19 Jul 2024R$8.9bR$526.8mR$393.7m13.1x22.6x16.9x
Sun, 16 Jun 2024R$8.7bR$526.8mR$393.7m12.8x22x16.4x
Tue, 14 May 2024R$8.5bR$526.8mR$393.7m13.2x21.5x16.1x
Thu, 11 Apr 2024R$8.7bR$473.4mR$339.8m23.3x25.5x18.3x
Sat, 09 Mar 2024R$8.7bR$492.3mR$402.2m14x21.6x17.6x
Mon, 05 Feb 2024R$8.6bR$492.3mR$402.2m14x21.3x17.4x
Wed, 03 Jan 2024R$7.7bR$492.3mR$402.2m13.9x19.1x15.6x
Fri, 01 Dec 2023R$7.5bR$492.3mR$402.2m13.6x18.8x15.3x
Sun, 29 Oct 2023R$7.5bR$492.3mR$402.2m13.3x18.6x15.2x
Tue, 26 Sep 2023R$7.9bR$498.2mR$402.2m14.2x19.6x15.8x
Thu, 24 Aug 2023R$7.5bR$420.0mR$365.7m14.7x20.4x17.8x
Sat, 22 Jul 2023R$7.7bR$420.0mR$365.7m15.3x21x18.2x
Mon, 19 Jun 2023R$9.0bR$478.0mR$374.3m14.7x24.1x18.8x
Wed, 17 May 2023R$8.7bR$478.0mR$374.3m14.2x23.3x18.2x
Fri, 14 Apr 2023R$8.1bR$480.7mR$396.0m9.9x20.5x16.9x
Sun, 12 Mar 2023R$24.4bR$1.7bR$1.1b12.2x22.7x14.4x
Tue, 07 Feb 2023R$24.9bR$1.7bR$1.1b12.3x23.1x14.7x
Thu, 05 Jan 2023R$25.3bR$1.7bR$1.1b12.3x23.5x14.9x
Price to Earnings Ratio

23.5x


Total Market Cap: R$25.3bTotal Earnings: R$1.1bTotal Revenue: R$1.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian REITS Industry Price to Earnings3Y Average 123.7x20242025
Current Industry PE
  • Investors are optimistic on the Brazilian REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 1kx which is higher than its 3-year average PE of 123x.
  • The industry's 3-year average PS ratio of 86.4x is exceeded by the industry's current PS ratio of 803x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 69% per year over the last three years,
  • Revenues have also declined 70% 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 Market1.21%
Real Estate2.01%
REITS2.04%
Office REITs2.22%
Diversified REITs2.04%
Industrial REITs0.80%
Retail REITs0.73%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Healthcare REITs-2.46%
Industry PE
  • Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 122x.
    • 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 59.2x.
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?

CompanyLast Price7D1YValuation
KNRI11 Kinea Renda Imobiliária Fundo de Investimento ImobiliárioR$159.104.2%
+R$180.8m		16.2%n/a
TGAR11 Fundo Investimento Imobiliario TG Ativo RealR$92.603.7%
+R$78.7m		4.9%n/a
RBRR11 Fundo Investimento Imobiliario - FII RBR Rendimento High GradeR$87.354.0%
+R$54.4m		5.6%n/a
RCRB11 Fundo de Investimento Imobiliário Rio Bravo Renda CorporativaR$143.007.2%
+R$35.4m		13.9%n/a
TRXF11 TRX Renda Fundo Investimento ImobiliarioR$97.381.0%
+R$31.8m		-5.4%n/a

Latest News

VGIR11
R$9.82
Valora Re III Fundo De Investimento Imobiliario
7D
1.4%
1Y
5.7%
RBRR11
R$87.35
Fundo Investimento Imobiliario - FII RBR Rendimento High Grade
7D
4.0%
1Y
5.6%
CCME11
R$9.26
Canuma Capital Multiestrategia Fundo De Investimento Imobiliario
7D
4.6%
1Y
4.5%
SPTW11
R$37.36
Sp Downtown Fundo de Investimento Imobiliário - FII
7D
-2.0%
1Y
13.7%
KNRI11
R$159.10
Kinea Renda Imobiliária Fundo de Investimento Imobiliário
7D
4.2%
1Y
16.2%
RCRB11
R$143.00
Fundo de Investimento Imobiliário Rio Bravo Renda Corporativa
7D
7.2%
1Y
13.9%
HGRU11
R$126.21
Patria Renda Urbana - Fundo De Investimento Imobiliario
7D
-0.2%
1Y
7.0%
FIIP11
R$159.00
RB Capital Renda I Fundo de Investimento Imobiliário - FII
7D
-0.3%
1Y
17.5%
TGAR11
R$92.60
Fundo Investimento Imobiliario TG Ativo Real
7D
3.7%
1Y
4.9%
ALMI11
R$600.00
Fundo De Investimento Imobiliario Torre Almirante
7D
-1.2%
1Y
4.2%
HGRE11
R$126.50
CSHG Real Estate - Fundo de Investimento Imobiliario - FII
7D
1.4%
1Y
22.1%
TRXF11
R$97.38
TRX Renda Fundo Investimento Imobiliario
7D
1.0%
1Y
-5.4%