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Brazilian (BOVESPA) REITS Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies19
- 7D-0.2%
- 3M-6.6%
- 1Y-18.3%
- YTD-11.8%
In the last week, REITS has been flat. As for the longer term, the industry has declined 18% in the last year.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | R$8.0b | R$633.0m | R$492.2m | 8.6x | 16.3x | 12.7x |
| Tue, 19 Nov 2024 | R$8.5b | R$526.8m | R$393.7m | 12.9x | 21.5x | 16.1x |
| Thu, 17 Oct 2024 | R$8.8b | R$526.8m | R$393.7m | 13.4x | 22.3x | 16.6x |
| Sat, 14 Sep 2024 | R$9.3b | R$526.8m | R$393.7m | 14.2x | 23.5x | 17.6x |
| Mon, 12 Aug 2024 | R$9.5b | R$526.8m | R$393.7m | 14.9x | 24.1x | 18x |
| Wed, 10 Jul 2024 | R$8.8b | R$526.8m | R$393.7m | 13x | 22.3x | 16.7x |
| Fri, 07 Jun 2024 | R$8.8b | R$526.8m | R$393.7m | 13.1x | 22.3x | 16.7x |
| Sun, 05 May 2024 | R$8.5b | R$526.8m | R$393.7m | 13.5x | 21.7x | 16.2x |
| Tue, 02 Apr 2024 | R$8.6b | R$492.3m | R$402.2m | 13.8x | 21.5x | 17.5x |
| Thu, 29 Feb 2024 | R$8.5b | R$492.3m | R$402.2m | 13.9x | 21.2x | 17.3x |
| Sat, 27 Jan 2024 | R$8.6b | R$492.3m | R$402.2m | 14.1x | 21.4x | 17.5x |
| Mon, 25 Dec 2023 | R$7.6b | R$492.3m | R$402.2m | 13.9x | 19x | 15.5x |
| Wed, 22 Nov 2023 | R$7.7b | R$492.3m | R$402.2m | 13.6x | 19.1x | 15.6x |
| Fri, 20 Oct 2023 | R$7.6b | R$492.3m | R$402.2m | 13.4x | 18.9x | 15.5x |
| Sun, 17 Sep 2023 | R$8.0b | R$420.0m | R$365.7m | 15.3x | 21.8x | 19x |
| Tue, 15 Aug 2023 | R$7.6b | R$420.0m | R$365.7m | 15x | 20.7x | 18x |
| Thu, 13 Jul 2023 | R$7.6b | R$420.0m | R$365.7m | 15.3x | 20.8x | 18.1x |
| Sat, 10 Jun 2023 | R$8.8b | R$478.0m | R$374.3m | 14.4x | 23.6x | 18.5x |
| Mon, 08 May 2023 | R$8.5b | R$478.0m | R$374.3m | 13.2x | 22.8x | 17.8x |
| Wed, 05 Apr 2023 | R$8.0b | R$480.7m | R$396.0m | 9.8x | 20.1x | 16.6x |
| Fri, 03 Mar 2023 | R$24.5b | R$1.7b | R$1.1b | 12.5x | 22.8x | 14.5x |
| Sun, 29 Jan 2023 | R$25.2b | R$1.7b | R$1.1b | 12.4x | 23.4x | 14.9x |
| Tue, 27 Dec 2022 | R$23.9b | R$746.1m | R$480.0m | 12.5x | 49.8x | 32.1x |
| Thu, 24 Nov 2022 | R$24.4b | R$312.4m | R$276.9m | 9.7x | 88x | 78x |
| Sat, 22 Oct 2022 | R$24.2b | R$312.4m | R$276.9m | 10.5x | 87.5x | 77.6x |
| Mon, 19 Sep 2022 | R$24.2b | R$312.4m | R$276.9m | 10.5x | 87.3x | 77.4x |
| Wed, 17 Aug 2022 | R$23.3b | R$312.4m | R$276.9m | 10.2x | 84.3x | 74.7x |
| Fri, 15 Jul 2022 | R$21.7b | R$312.4m | R$276.9m | 9.5x | 78.4x | 69.5x |
| Sun, 12 Jun 2022 | R$20.4b | R$1.0b | R$868.3m | 8.1x | 23.5x | 19.9x |
| Tue, 10 May 2022 | R$104.8b | R$1.0b | R$868.3m | 7.7x | 120.7x | 102.4x |
| Thu, 07 Apr 2022 | R$100.6b | R$991.4m | R$873.6m | 7.9x | 115.1x | 101.4x |
| Sat, 05 Mar 2022 | R$103.2b | R$932.6m | R$696.1m | 8.1x | 148.2x | 110.6x |
| Mon, 31 Jan 2022 | R$100.1b | R$868.3m | R$610.4m | 8x | 163.9x | 115.3x |
| Wed, 29 Dec 2021 | R$99.8b | R$653.6m | R$746.5m | 11.1x | 133.7x | 152.8x |
Price to Earnings Ratio
133.7x
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 16.3x which is lower than its 3-year average PE of 49.9x.
- The 3-year average PS ratio of 40.2x is higher than the industry's current PS ratio of 12.7x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 13% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Brazilian Real Estate industry?
| BR Market | -3.14% | |
| Real Estate | -1.28% | |
| REITS | -0.22% | |
| Specialized REITs | 2.00% | |
| Healthcare REITs | 0.70% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Diversified REITs | -0.22% | |
| Industrial REITs | -0.45% | |
| Office REITs | -0.64% | |
| Retail REITs | -2.57% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 27.5x.
- 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 867x.
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 | |
|---|---|---|---|---|---|
| KNRI11 Kinea Renda Imobiliária Fundo de Investimento Imobiliário | R$132.50 | 0.4% +R$14.7m | -18.5% | PB1x | |
| NVHO11 Fundo De Investimento Imobiliario Novo Horizonte | R$12.32 | 2.2% +R$10.8m | 0.2% | n/a | |
| JPPC11 JPP Capital Fundo Invest Imobiliario FII | R$191.93 | 77.7% +R$4.6m | n/a | n/a | |
| BCIA11 Bradesco Carteira Imobiliaria Ativa Fundos de Investimento Imobiliario | R$79.01 | 1.5% +R$4.5m | -23.9% | n/a | |
| RNGO11 Fundo de Investimento Imobiliário Rio Negro | R$41.23 | 2.0% +R$2.2m | -13.0% | n/a |