Brazilian (BOVESPA) REITS Industry Analysis
UpdatedNov 27, 2023
DataAggregated Company Financials
Companies18
- 7D-0.6%
- 3M-1.8%
- 1Y7.2%
- YTD7.6%
The REITS is pretty flat in the last 7 days, but Máxima Renda Corporativa Fundo de Investimento Imobiliário - FII has stood out, gaining 7.2%. The past year has been better, since the industry has gained 7.2% in that time.
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 |
|---|---|---|---|---|---|---|
| Mon, 27 Nov 2023 | R$7.6b | R$492.3m | R$402.2m | 13.6x | 19x | 15.5x |
| Wed, 25 Oct 2023 | R$7.5b | R$492.3m | R$402.2m | 13.2x | 18.8x | 15.3x |
| Fri, 22 Sep 2023 | R$7.9b | R$498.2m | R$402.2m | 14.3x | 19.7x | 15.9x |
| Sun, 20 Aug 2023 | R$7.5b | R$420.0m | R$365.7m | 14.9x | 20.6x | 17.9x |
| Tue, 18 Jul 2023 | R$7.6b | R$420.0m | R$365.7m | 15.3x | 20.8x | 18.1x |
| Thu, 15 Jun 2023 | R$8.9b | R$478.0m | R$374.3m | 14.6x | 23.9x | 18.7x |
| Sat, 13 May 2023 | R$8.6b | R$478.0m | R$374.3m | 14.1x | 23.1x | 18.1x |
| Mon, 10 Apr 2023 | R$8.0b | R$480.7m | R$396.0m | 9.8x | 20.2x | 16.6x |
| Wed, 08 Mar 2023 | R$24.6b | R$1.7b | R$1.1b | 12.3x | 22.8x | 14.5x |
| Fri, 03 Feb 2023 | R$25.0b | R$1.7b | R$1.1b | 12.5x | 23.2x | 14.7x |
| Sun, 01 Jan 2023 | R$25.4b | R$1.5b | R$818.3m | 12x | 31x | 17.5x |
| Tue, 29 Nov 2022 | R$24.4b | R$312.4m | R$276.9m | 9.6x | 88x | 78x |
| Thu, 27 Oct 2022 | R$24.1b | R$312.4m | R$276.9m | 10.4x | 87x | 77.1x |
| Sat, 24 Sep 2022 | R$24.2b | R$312.4m | R$276.9m | 10.7x | 87.5x | 77.6x |
| Mon, 22 Aug 2022 | R$23.5b | R$312.4m | R$276.9m | 10.4x | 84.9x | 75.3x |
| Wed, 20 Jul 2022 | R$21.7b | R$312.4m | R$276.9m | 9.5x | 78.5x | 69.6x |
| Fri, 17 Jun 2022 | R$20.2b | R$1.0b | R$868.3m | 8x | 23.3x | 19.7x |
| Sun, 15 May 2022 | R$104.2b | R$1.0b | R$868.3m | 7.8x | 120x | 101.8x |
| Tue, 12 Apr 2022 | R$101.5b | R$994.7m | R$861.6m | 8.4x | 117.8x | 102x |
| Thu, 10 Mar 2022 | R$103.3b | R$988.9m | R$749.8m | 7.7x | 137.7x | 104.4x |
| Sat, 05 Feb 2022 | R$99.5b | R$868.3m | R$610.4m | 8.2x | 163x | 114.6x |
| Mon, 03 Jan 2022 | R$103.6b | R$484.4m | R$339.9m | 11.3x | 304.8x | 213.9x |
| Wed, 01 Dec 2021 | R$21.1b | R$857.7m | R$1.0b | 8.9x | 20.4x | 24.6x |
| Fri, 29 Oct 2021 | R$22.6b | R$857.7m | R$1.0b | 9.5x | 21.8x | 26.3x |
| Sun, 26 Sep 2021 | R$23.3b | R$857.7m | R$1.0b | 10.1x | 22.5x | 27.2x |
| Tue, 24 Aug 2021 | R$2.4b | R$243.5m | R$232.2m | 6.6x | 10.5x | 10x |
| Wed, 30 Jun 2021 | R$2.6b | R$243.5m | R$232.2m | 7.1x | 11.2x | 10.7x |
| Sat, 03 Apr 2021 | R$2.6b | R$243.5m | R$232.2m | 6.5x | 11.2x | 10.7x |
| Tue, 05 Jan 2021 | R$2.8b | R$243.5m | R$232.2m | 5.7x | 11.8x | 11.3x |
Price to Earnings Ratio
10.5x
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 19.0x which is lower than its 3-year average PE of 47.8x.
- The 3-year average PS ratio of 40.3x is higher than the industry's current PS ratio of 15.5x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 29% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Brazilian Real Estate industry?
| BR Market | -0.39% | |
| Real Estate | 0.25% | |
| REITS | -0.63% | |
| Specialized REITs | 0.42% | |
| Office REITs | 0.16% | |
| Industrial REITs | 0.15% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Diversified REITs | -0.63% | |
| Retail REITs | -1.08% | |
| Healthcare REITs | -1.44% | |
Industry PE
- Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 55.2x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| XPCM11 XP Macaé Fundo de Investimento Imobiliário - FII | R$10.66 | 4.5% +R$1.1m | -23.4% | n/a | |
| MFII11 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário | R$91.63 | 0.2% +R$664.0k | -3.8% | n/a | |
| KNRE11 Kinea II Real Estate Equity Fundo de Investimento Imobiliário | R$0.51 | 4.1% +R$370.9k | -52.8% | n/a |