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Brazilian (BOVESPA) REITS Industry Analysis
UpdatedAug 14, 2026
DataAggregated Company Financials
Companies71
- 7D-1.6%
- 3M-8.0%
- 1Y-5.0%
- YTD-10.3%
Over the last 7 days, the REITS industry has dropped 1.6%, driven by pullbacks in Kinea Renda Imobiliária Fundo de Investimento Imobiliário and Patria Renda Urbana - Fundo De Investimento Imobiliario of 2.1% and 2.9%, respectively. On the other hand Trx Real Estate II Fundo De Investimento Imobiliario - Fii is actually up 5.5%. However, the industry is down 5.0% over the past 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 |
|---|---|---|---|---|---|---|
| Fri, 14 Aug 2026 | R$30.7b | R$361.4m | R$158.7m | 7.4x | 193.1x | 84.8x |
| Sun, 12 Jul 2026 | R$28.4b | R$148.2m | R$129.7m | 7x | 219.1x | 191.9x |
| Tue, 09 Jun 2026 | R$31.0b | R$148.2m | R$129.7m | 6.8x | 238.9x | 209.2x |
| Thu, 07 May 2026 | R$32.1b | R$46.9m | R$33.1m | 10.8x | 969.2x | 684.5x |
| Sat, 04 Apr 2026 | R$29.6b | R$95.7m | R$27.8m | 12.7x | 1066.9x | 309.8x |
| Mon, 02 Mar 2026 | R$30.5b | R$95.7m | R$27.8m | 14.1x | 1099.1x | 319.1x |
| Wed, 28 Jan 2026 | R$30.6b | R$95.7m | R$27.8m | 14.5x | 1100.1x | 319.4x |
| Fri, 26 Dec 2025 | R$37.4b | R$46.9m | R$33.1m | 13.5x | 1128.6x | 797x |
| Sun, 23 Nov 2025 | R$22.0b | R$46.9m | R$33.1m | 13.7x | 662.5x | 467.9x |
| Tue, 21 Oct 2025 | R$21.7b | R$46.9m | R$33.1m | 13.8x | 654.4x | 462.1x |
| Thu, 18 Sep 2025 | R$21.6b | R$46.9m | R$33.1m | 14.4x | 650.8x | 459.6x |
| Sat, 16 Aug 2025 | R$21.3b | R$46.9m | R$33.1m | 14.3x | 641.4x | 453x |
| Mon, 14 Jul 2025 | R$9.9b | R$46.9m | R$33.1m | 14.5x | 298.1x | 210.5x |
| Wed, 11 Jun 2025 | R$9.7b | R$187.7m | R$91.5m | 14.6x | 106.3x | 51.8x |
| Fri, 09 May 2025 | R$9.6b | R$237.0m | R$144.2m | 16.5x | 66.8x | 40.7x |
| Sun, 06 Apr 2025 | R$8.3b | R$307.8m | R$200.3m | 15.8x | 41.5x | 27x |
| Tue, 04 Mar 2025 | R$8.3b | R$307.8m | R$200.3m | 15.2x | 41.3x | 26.9x |
| Thu, 30 Jan 2025 | R$8.0b | R$291.1m | R$198.1m | 4.4x | 40.2x | 27.4x |
| Sat, 28 Dec 2024 | R$8.4b | R$633.0m | R$492.2m | 9x | 17x | 13.3x |
| Mon, 25 Nov 2024 | R$8.4b | R$633.0m | R$492.2m | 9x | 17.2x | 13.3x |
| Wed, 23 Oct 2024 | R$8.7b | R$526.8m | R$393.7m | 13.2x | 22.1x | 16.5x |
| Fri, 20 Sep 2024 | R$9.1b | R$526.8m | R$393.7m | 14.1x | 23x | 17.2x |
| Sun, 18 Aug 2024 | R$9.6b | R$526.8m | R$393.7m | 15.1x | 24.3x | 18.2x |
| Tue, 16 Jul 2024 | R$8.8b | R$526.8m | R$393.7m | 13.1x | 22.5x | 16.8x |
| Thu, 13 Jun 2024 | R$8.7b | R$526.8m | R$393.7m | 12.9x | 22.1x | 16.5x |
| Sat, 11 May 2024 | R$8.5b | R$526.8m | R$393.7m | 13.3x | 21.5x | 16.1x |
| Mon, 08 Apr 2024 | R$8.7b | R$473.4m | R$339.8m | 23.3x | 25.5x | 18.3x |
| Wed, 06 Mar 2024 | R$8.5b | R$492.3m | R$402.2m | 14x | 21.2x | 17.3x |
| Fri, 02 Feb 2024 | R$8.6b | R$492.3m | R$402.2m | 13.9x | 21.3x | 17.4x |
| Sun, 31 Dec 2023 | R$7.7b | R$492.3m | R$402.2m | 14x | 19.2x | 15.7x |
| Tue, 28 Nov 2023 | R$7.6b | R$492.3m | R$402.2m | 13.5x | 19x | 15.5x |
| Thu, 26 Oct 2023 | R$7.5b | R$492.3m | R$402.2m | 13x | 18.7x | 15.3x |
| Sat, 23 Sep 2023 | R$7.9b | R$498.2m | R$402.2m | 14.2x | 19.6x | 15.9x |
| Mon, 21 Aug 2023 | R$7.5b | R$420.0m | R$365.7m | 14.9x | 20.6x | 17.9x |
Price to Earnings Ratio
20.6x
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 193x which is lower than its 3-year average PE of 282x.
- The industry's 3-year average PS ratio of 163x is higher than the industry's current PS ratio of 84.8x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 24% per year over the last three years,
- Revenues have also declined 4.9% 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 | -3.22% | |
| Real Estate | -1.80% | |
| REITS | -1.61% | |
| Healthcare REITs | 5.46% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Office REITs | -1.26% | |
| Retail REITs | -1.37% | |
| Industrial REITs | -1.60% | |
| Diversified REITs | -1.61% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio of 22.2x.
- 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 53.3x.
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 | |
|---|---|---|---|---|---|
| TRXB11 Trx Real Estate II Fundo De Investimento Imobiliario - Fii | R$184.65 | 5.5% +R$39.2m | 21.7% | n/a | |
| URPR11 Urca Prime Renda Fundo De Investimento Imobiliario - FII | R$19.75 | 8.0% +R$17.1m | -39.8% | n/a | |
| MFII11 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário | R$30.80 | 7.7% +R$15.0m | -61.3% | PB0.3x | |
| VVRI11 V2 Renda Imobiliaria Fundo De Investimento Imobiliario - FII | R$8.90 | 6.0% +R$8.8m | 0.5% | n/a | |
| EMET11 Emet Multiestrategia Fundo De Investimento I Mobiliario Responsabilidade Limitada | R$9.88 | 12.0% +R$5.3m | -0.6% | n/a |