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Brazilian (BOVESPA) REITS Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies19
- 7D-0.4%
- 3M-8.2%
- 1Y-17.9%
- YTD-5.1%
In the last week, the REITS industry is flat overall, with Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário standing out by going down 5.8%. Unfortunately though, the industry is down 19% 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 |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | R$8.0b | R$291.1m | R$198.1m | 4.4x | 40.3x | 27.4x |
| Mon, 30 Dec 2024 | R$8.5b | R$633.0m | R$492.2m | 9x | 17.2x | 13.4x |
| Wed, 27 Nov 2024 | R$8.4b | R$633.0m | R$492.2m | 9x | 17.1x | 13.3x |
| Fri, 25 Oct 2024 | R$8.6b | R$526.8m | R$393.7m | 13.1x | 21.9x | 16.4x |
| Sun, 22 Sep 2024 | R$8.8b | R$526.8m | R$393.7m | 13.2x | 22.4x | 16.8x |
| Tue, 20 Aug 2024 | R$9.5b | R$526.8m | R$393.7m | 15x | 24.2x | 18.1x |
| Thu, 18 Jul 2024 | R$8.9b | R$526.8m | R$393.7m | 13.1x | 22.7x | 16.9x |
| Sat, 15 Jun 2024 | R$8.7b | R$526.8m | R$393.7m | 12.8x | 22x | 16.4x |
| Mon, 13 May 2024 | R$8.5b | R$526.8m | R$393.7m | 13.3x | 21.5x | 16.1x |
| Wed, 10 Apr 2024 | R$8.7b | R$473.4m | R$339.8m | 23.4x | 25.5x | 18.3x |
| Fri, 08 Mar 2024 | R$8.7b | R$492.3m | R$402.2m | 14x | 21.6x | 17.6x |
| Sun, 04 Feb 2024 | R$8.6b | R$492.3m | R$402.2m | 14x | 21.3x | 17.4x |
| Tue, 02 Jan 2024 | R$7.7b | R$492.3m | R$402.2m | 14x | 19.2x | 15.7x |
| Thu, 30 Nov 2023 | R$7.6b | R$492.3m | R$402.2m | 13.6x | 18.8x | 15.4x |
| Sat, 28 Oct 2023 | R$7.5b | R$492.3m | R$402.2m | 13.3x | 18.6x | 15.2x |
| Mon, 25 Sep 2023 | R$7.9b | R$498.2m | R$402.2m | 14.2x | 19.6x | 15.9x |
| Wed, 23 Aug 2023 | R$7.4b | R$420.0m | R$365.7m | 14.7x | 20.3x | 17.7x |
| Fri, 21 Jul 2023 | R$7.6b | R$420.0m | R$365.7m | 15.2x | 20.9x | 18.2x |
| Sun, 18 Jun 2023 | R$9.0b | R$478.0m | R$374.3m | 14.7x | 24.1x | 18.8x |
| Tue, 16 May 2023 | R$8.7b | R$478.0m | R$374.3m | 14.1x | 23.3x | 18.2x |
| Thu, 13 Apr 2023 | R$8.1b | R$480.7m | R$396.0m | 9.8x | 20.5x | 16.9x |
| Sat, 11 Mar 2023 | R$24.4b | R$1.7b | R$1.1b | 12.2x | 22.7x | 14.4x |
| Mon, 06 Feb 2023 | R$25.0b | R$1.7b | R$1.1b | 12.3x | 23.2x | 14.7x |
| Wed, 04 Jan 2023 | R$25.1b | R$1.7b | R$1.1b | 12x | 23.3x | 14.8x |
| Fri, 02 Dec 2022 | R$24.4b | R$312.4m | R$276.9m | 9.6x | 88.2x | 78.2x |
| Sun, 30 Oct 2022 | R$25.9b | R$312.4m | R$276.9m | 10.6x | 93.4x | 82.8x |
| Tue, 27 Sep 2022 | R$24.1b | R$312.4m | R$276.9m | 10.8x | 87.2x | 77.3x |
| Thu, 25 Aug 2022 | R$23.6b | R$312.4m | R$276.9m | 10.4x | 85.2x | 75.5x |
| Sat, 23 Jul 2022 | R$21.8b | R$312.4m | R$276.9m | 9.3x | 78.8x | 69.8x |
| Mon, 20 Jun 2022 | R$20.2b | R$1.0b | R$868.3m | 8x | 23.2x | 19.7x |
| Wed, 18 May 2022 | R$105.9b | R$1.0b | R$868.3m | 8x | 121.9x | 103.4x |
| Fri, 15 Apr 2022 | R$101.7b | R$1.0b | R$868.3m | 8.3x | 117.1x | 99.3x |
| Sun, 13 Mar 2022 | R$102.5b | R$988.9m | R$749.8m | 8.3x | 136.7x | 103.7x |
| Tue, 08 Feb 2022 | R$98.5b | R$868.3m | R$610.4m | 8x | 161.4x | 113.5x |
Price to Earnings Ratio
161.4x
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 40.2x which is lower than its 3-year average PE of 43.5x.
- The 3-year average PS ratio of 35.2x is higher than the industry's current PS ratio of 27.3x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 31% per year over the last three years,
- Revenues have also declined 31% 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 | 2.87% | |
| Real Estate | 4.26% | |
| REITS | -0.38% | |
| Healthcare REITs | 2.14% | |
| Industrial REITs | 2.10% | |
| Specialized REITs | 1.04% | |
| Office REITs | 0.86% | |
| Residential REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Diversified REITs | -0.38% | |
| Retail REITs | -2.08% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 28.9x.
- 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 853x.
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 | |
|---|---|---|---|---|---|
| JSRE11 JS Real Estate multigestão - FII fund | R$53.74 | 0.8% +R$8.5m | -29.8% | PB0.5x | |
| NVHO11 Fundo De Investimento Imobiliario Novo Horizonte | R$10.93 | 1.8% +R$7.9m | -2.9% | n/a | |
| VSHO11 FII Votorantim shopping | R$63.90 | 2.2% +R$2.9m | -22.1% | n/a | |
| RNGO11 Fundo de Investimento Imobiliário Rio Negro | R$43.70 | 1.1% +R$1.3m | -3.7% | n/a | |
| OULG11 Pedra Dourada Fundo De Investimento Imobiliário - FII | R$35.01 | 1.2% +R$1.1m | 9.2% | n/a |