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Brazilian (BOVESPA) REITS Industry Analysis
UpdatedMay 15, 2026
DataAggregated Company Financials
Companies33
- 7D-2.3%
- 3M-5.0%
- 1Y-1.0%
- YTD-2.9%
Over the last 7 days, the REITS industry has dropped 2.3%, driven by Kinea Renda Imobiliária Fundo de Investimento Imobiliário declining 4.9%. Meanwhile, Fundo De Investimento Imobiliário SC 401 actually outperformed within the industry, gaining 8.1% in the last week. Over the last year, the industry has been flat overall.
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 |
|---|---|---|---|---|---|---|
| Fri, 15 May 2026 | R$31.4b | R$46.9m | R$33.1m | 9.8x | 947.5x | 669.2x |
| Sun, 12 Apr 2026 | R$29.9b | R$95.7m | R$27.8m | 12.3x | 1075.6x | 312.3x |
| Tue, 10 Mar 2026 | R$30.1b | R$95.7m | R$27.8m | 13.4x | 1082.1x | 314.2x |
| Thu, 05 Feb 2026 | R$30.1b | R$95.7m | R$27.8m | 14x | 1081.9x | 314.1x |
| Sat, 03 Jan 2026 | R$33.5b | R$46.9m | R$33.1m | 13.5x | 1011.6x | 714.4x |
| Mon, 01 Dec 2025 | R$22.1b | R$46.9m | R$33.1m | 13.7x | 667.4x | 471.3x |
| Wed, 29 Oct 2025 | R$21.8b | R$46.9m | R$33.1m | 13.8x | 658.2x | 464.8x |
| Fri, 26 Sep 2025 | R$21.7b | R$46.9m | R$33.1m | 14.3x | 653.8x | 461.8x |
| Sun, 24 Aug 2025 | R$21.2b | R$46.9m | R$33.1m | 14.4x | 638.3x | 450.8x |
| Tue, 22 Jul 2025 | R$9.8b | R$46.9m | R$33.1m | 14.5x | 294.2x | 207.8x |
| Thu, 19 Jun 2025 | R$9.8b | R$187.7m | R$91.5m | 14.7x | 107.6x | 52.4x |
| Sat, 17 May 2025 | R$9.9b | R$247.0m | R$156.9m | 5.2x | 63.2x | 40.1x |
| Mon, 14 Apr 2025 | R$8.3b | R$307.8m | R$200.3m | 15.9x | 41.5x | 27x |
| Wed, 12 Mar 2025 | R$8.3b | R$307.8m | R$200.3m | 15.1x | 41.5x | 27x |
| Fri, 07 Feb 2025 | R$8.0b | R$291.1m | R$198.1m | 4.3x | 40.3x | 27.4x |
| Sun, 05 Jan 2025 | R$8.4b | R$291.1m | R$198.1m | 4.8x | 42.2x | 28.7x |
| Tue, 03 Dec 2024 | R$8.4b | R$633.0m | R$492.2m | 8.6x | 17x | 13.2x |
| Thu, 31 Oct 2024 | R$8.8b | R$526.8m | R$393.7m | 13.3x | 22.3x | 16.6x |
| Sat, 28 Sep 2024 | R$8.9b | R$526.8m | R$393.7m | 13.4x | 22.5x | 16.8x |
| Mon, 26 Aug 2024 | R$9.5b | R$526.8m | R$393.7m | 14.9x | 24.2x | 18.1x |
| Wed, 24 Jul 2024 | R$9.5b | R$526.8m | R$393.7m | 15.2x | 24.2x | 18.1x |
| Fri, 21 Jun 2024 | R$8.6b | R$526.8m | R$393.7m | 12.6x | 21.8x | 16.3x |
| Sun, 19 May 2024 | R$8.5b | R$526.8m | R$393.7m | 13.2x | 21.7x | 16.2x |
| Tue, 16 Apr 2024 | R$8.7b | R$473.4m | R$339.8m | 23.4x | 25.5x | 18.3x |
| Thu, 14 Mar 2024 | R$8.7b | R$492.3m | R$402.2m | 13.8x | 21.5x | 17.6x |
| Sat, 10 Feb 2024 | R$8.6b | R$492.3m | R$402.2m | 13.9x | 21.3x | 17.4x |
| Mon, 08 Jan 2024 | R$7.7b | R$492.3m | R$402.2m | 14x | 19.2x | 15.7x |
| Wed, 06 Dec 2023 | R$7.4b | R$492.3m | R$402.2m | 13.4x | 18.4x | 15x |
| Fri, 03 Nov 2023 | R$7.5b | R$492.3m | R$402.2m | 13.1x | 18.7x | 15.3x |
| Sun, 01 Oct 2023 | R$7.8b | R$498.2m | R$402.2m | 14x | 19.4x | 15.7x |
| Tue, 29 Aug 2023 | R$7.5b | R$420.0m | R$365.7m | 14.7x | 20.5x | 17.8x |
| Thu, 27 Jul 2023 | R$7.6b | R$420.0m | R$365.7m | 15.2x | 20.9x | 18.2x |
| Sat, 24 Jun 2023 | R$9.0b | R$478.0m | R$374.3m | 14.8x | 24.1x | 18.9x |
| Mon, 22 May 2023 | R$8.7b | R$478.0m | R$374.3m | 14.4x | 23.4x | 18.3x |
Price to Earnings Ratio
23.4x
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 948x which is higher than its 3-year average PE of 252x.
- The industry's 3-year average PS ratio of 142x is exceeded by the industry's current PS ratio of 669x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 55% per year over the last three years,
- Revenues have also declined 54% 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 | -3.34% | |
| Real Estate | -3.19% | |
| REITS | -2.25% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Healthcare REITs | -0.61% | |
| Industrial REITs | -1.23% | |
| Diversified REITs | -2.25% | |
| Office REITs | -2.73% | |
| Retail REITs | -2.98% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 96.9x.
- 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 59.0x.
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 | |
|---|---|---|---|---|---|
| TGAR11 Fundo Investimento Imobiliario TG Ativo Real | R$66.99 | 3.2% +R$49.3m | -25.4% | n/a | |
| FISC11 Fundo De Investimento Imobiliário SC 401 | R$64.90 | 8.1% +R$7.7m | -3.1% | n/a | |
| HGRU11 Patria Renda Urbana - Fundo De Investimento Imobiliario | R$131.38 | 0.06% +R$1.9m | 4.3% | n/a | |
| ALMI11 Fundo De Investimento Imobiliario Torre Almirante | R$643.33 | 2.1% +R$1.5m | 14.9% | n/a |