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Brazilian (BOVESPA) REITS Industry Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies34
  • 7D-0.4%
  • 3M4.1%
  • 1Y18.1%
  • YTD1.0%

The REITS industry has been flat over the last week, but JS Real Estate multigestão - FII fund has lost 5.8%. As for the the longer term, the industry is up 18% over the past 12 months.

Industry Valuation and Performance

Has the Brazilian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026R$30.1bR$95.7mR$27.8m13.8x1082.4x314.3x
Sun, 11 Jan 2026R$33.8bR$46.9mR$33.1m13.5x1018.3x719.1x
Tue, 09 Dec 2025R$22.0bR$46.9mR$33.1m13.4x664.9x469.5x
Thu, 06 Nov 2025R$21.8bR$46.9mR$33.1m13.8x658.2x464.9x
Sat, 04 Oct 2025R$21.7bR$46.9mR$33.1m13.9x655.3x462.8x
Mon, 01 Sep 2025R$21.4bR$46.9mR$33.1m14.7x646.3x456.4x
Wed, 30 Jul 2025R$9.7bR$46.9mR$33.1m14.6x293.1x207x
Fri, 27 Jun 2025R$9.8bR$187.7mR$91.5m14.5x107.6x52.5x
Sun, 25 May 2025R$9.8bR$187.7mR$91.5m15.3x107.4x52.4x
Tue, 22 Apr 2025R$8.6bR$307.8mR$200.3m16.3x42.9x27.9x
Thu, 20 Mar 2025R$7.5bR$307.8mR$200.3m15.6x37.6x24.5x
Sat, 15 Feb 2025R$8.0bR$291.1mR$198.1m4.5x40.2x27.4x
Mon, 13 Jan 2025R$8.2bR$291.1mR$198.1m4.7x41.3x28.1x
Wed, 11 Dec 2024R$8.2bR$633.0mR$492.2m8.5x16.6x12.9x
Fri, 08 Nov 2024R$8.6bR$526.8mR$393.7m13.1x21.8x16.3x
Sun, 06 Oct 2024R$8.8bR$526.8mR$393.7m13.4x22.3x16.7x
Tue, 03 Sep 2024R$9.4bR$526.8mR$393.7m14.7x24x17.9x
Thu, 01 Aug 2024R$9.4bR$526.8mR$393.7m14.8x23.9x17.9x
Sat, 29 Jun 2024R$8.9bR$526.8mR$393.7m13.1x22.5x16.8x
Mon, 27 May 2024R$8.9bR$526.8mR$393.7m13.1x22.7x17x
Wed, 24 Apr 2024R$8.6bR$472.7mR$339.8m23x25.3x18.2x
Fri, 22 Mar 2024R$8.7bR$492.3mR$402.2m13.8x21.5x17.6x
Sun, 18 Feb 2024R$8.6bR$492.3mR$402.2m14x21.3x17.4x
Tue, 16 Jan 2024R$7.8bR$492.3mR$402.2m14.2x19.4x15.9x
Thu, 14 Dec 2023R$7.4bR$492.3mR$402.2m13.5x18.5x15.1x
Sat, 11 Nov 2023R$7.6bR$492.3mR$402.2m13.6x19x15.5x
Mon, 09 Oct 2023R$7.6bR$492.3mR$402.2m13.4x18.9x15.5x
Wed, 06 Sep 2023R$7.5bR$420.0mR$365.7m14.8x20.6x17.9x
Fri, 04 Aug 2023R$7.6bR$420.0mR$365.7m15x20.7x18.1x
Sun, 02 Jul 2023R$9.1bR$420.0mR$365.7m15.1x25x21.7x
Tue, 30 May 2023R$8.6bR$478.0mR$374.3m14x23.1x18.1x
Thu, 27 Apr 2023R$8.3bR$478.0mR$374.3m13x22.3x17.4x
Sat, 25 Mar 2023R$7.9bR$480.7mR$396.0m9.8x20x16.5x
Mon, 20 Feb 2023R$24.7bR$1.7bR$1.1b12.4x23x14.6x
Price to Earnings Ratio

23x


Total Market Cap: R$24.7bTotal Earnings: R$1.1bTotal Revenue: R$1.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian REITS Industry Price to Earnings3Y Average 167.2x202420252026
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 1kx which is higher than its 3-year average PE of 167x.
  • The industry's 3-year average PS ratio of 107x is exceeded by the industry's current PS ratio of 314x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 70% per year over the last three years,
  • Revenues have also declined 62% 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 Market2.81%
Real Estate-0.057%
REITS-0.42%
Healthcare REITs8.59%
Retail REITs0.066%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Industrial REITs-0.21%
Diversified REITs-0.42%
Office REITs-2.14%
Industry PE
  • Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 167x.
    • 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 62.0x.
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?

CompanyLast Price7D1YValuation
TGAR11 Fundo Investimento Imobiliario TG Ativo RealR$79.151.5%
+R$27.3m		5.4%n/a
KNRI11 Kinea Renda Imobiliária Fundo de Investimento ImobiliárioR$164.030.4%
+R$19.5m		26.2%n/a
ALZR11 Alianza Trust Renda Imobiliaria Fundo Investimento ImobiliarioR$10.811.0%
+R$13.4m		10.3%n/a
HFOF11 Hedge Top Fofii 3 Fundo Investimento ImobilirioR$6.880.7%
+R$11.5m		32.3%n/a
TEPP11 SDI Properties Fundo De Investimento ImobiliarioR$9.092.5%
+R$9.3m		22.0%n/a

Latest News

CPTS11
R$8.03
Capitania Securities II Fundo Investimento Imobiliario FII
7D
-0.5%
1Y
29.9%
VGIR11
R$9.67
Valora Re III Fundo De Investimento Imobiliario
7D
-1.5%
1Y
5.9%
RBRR11
R$84.20
Fundo Investimento Imobiliario - FII RBR Rendimento High Grade
7D
-2.9%
1Y
10.8%
CLIN11
R$91.92
Clave Indices De Precos Fundo De Investimento Imobiliario
7D
-2.8%
1Y
18.6%
HGRU11
R$125.65
Patria Renda Urbana - Fundo De Investimento Imobiliario
7D
-0.4%
1Y
14.0%
TGAR11
R$79.15
Fundo Investimento Imobiliario TG Ativo Real
7D
1.5%
1Y
5.4%
HGRE11
R$124.36
CSHG Real Estate - Fundo de Investimento Imobiliario - FII
7D
-1.7%
1Y
31.1%
KNHF11
R$97.72
Kinea Hedge Fund Fundo De Investimento Imobiliario
7D
0.3%
1Y
29.4%
TEPP11
R$9.09
SDI Properties Fundo De Investimento Imobiliario
7D
2.5%
1Y
22.0%
KFOF11
R$84.88
Kinea Fundo Fundos De Investimento Imobiliario FII
7D
1.3%
1Y
26.4%
MFII11
R$76.80
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário
7D
-1.5%
1Y
0.8%
HFOF11
R$6.88
Hedge Top Fofii 3 Fundo Investimento Imobilirio
7D
0.7%
1Y
32.3%
URPR11
R$38.95
Urca Prime Renda Fundo De Investimento Imobiliario - FII
7D
1.7%
1Y
-23.4%
JSRE11
R$65.15
JS Real Estate multigestão - FII fund
7D
-5.8%
1Y
27.2%
KNRI11
R$164.03
Kinea Renda Imobiliária Fundo de Investimento Imobiliário
7D
0.4%
1Y
26.2%
ALZR11
R$10.81
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario
7D
1.0%
1Y
10.3%