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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies18
  • 7D0.7%
  • 3M5.5%
  • 1Y10.9%
  • YTDn/a

Over the last 7 days, the Office REITs industry has remained flat, although notably Fundo de Investimento Imobiliário - FII Torre Norte gained 9.0%. As for the the longer term, the industry is up 11% over the past 12 months.

Industry Valuation and Performance

Has the Brazilian Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026R$8.7bR$73.7mR$46.9m27.5x186.7x118.7x
Mon, 26 Jan 2026R$8.8bR$73.7mR$46.9m27.8x188.1x119.7x
Wed, 24 Dec 2025R$8.5bR$73.7mR$46.9m26x182.3x116x
Fri, 21 Nov 2025R$3.7bR$73.7mR$46.9m24x78.4x49.9x
Sun, 19 Oct 2025R$3.7bR$73.7mR$46.9m23.3x78.3x49.8x
Tue, 16 Sep 2025R$3.7bR$73.7mR$46.9m24.8x79.9x50.8x
Thu, 14 Aug 2025R$3.7bR$73.7mR$46.9m23.3x79.4x50.5x
Sat, 12 Jul 2025R$3.8bR$73.7mR$46.9m24.5x81x51.5x
Mon, 09 Jun 2025R$3.8bR$386.2mR$88.3m16.5x43.5x9.9x
Wed, 07 May 2025R$3.6bR$386.2mR$88.3m15.6x40.9x9.3x
Fri, 04 Apr 2025R$6.9bR$416.3mR$101.1m15.5x68.6x16.7x
Sun, 02 Mar 2025R$6.7bR$416.3mR$101.1m15.5x66.1x16x
Tue, 28 Jan 2025R$6.6bR$416.3mR$101.1m15.5x65.6x15.9x
Thu, 26 Dec 2024R$7.0bR$416.3mR$101.1m16.2x69x16.8x
Sat, 23 Nov 2024R$7.4bR$426.5mR$85.7m20x86.6x17.4x
Mon, 21 Oct 2024R$7.4bR$515.9mR$162.3m9.3x45.4x14.3x
Wed, 18 Sep 2024R$7.6bR$515.9mR$162.3m10.1x46.8x14.7x
Fri, 16 Aug 2024R$7.7bR$515.9mR$162.3m10.4x47.8x15x
Sun, 14 Jul 2024R$7.7bR$515.9mR$162.3m10.4x47.7x15x
Tue, 11 Jun 2024R$8.0bR$720.0mR$436.6m8.1x18.4x11.1x
Thu, 09 May 2024R$8.2bR$451.3mR$406.3m8.3x20.3x18.2x
Sat, 06 Apr 2024R$8.4bR$469.6mR$425.0m8.6x19.7x17.8x
Mon, 04 Mar 2024R$8.5bR$468.8mR$397.1m8.1x21.4x18.1x
Wed, 31 Jan 2024R$8.7bR$482.8mR$423.4m7.3x20.6x18.1x
Fri, 29 Dec 2023R$8.5bR$482.8mR$423.4m6.9x20.2x17.7x
Sun, 26 Nov 2023R$8.2bR$485.5mR$427.1m6.7x19.2x16.9x
Tue, 24 Oct 2023R$8.1bR$485.5mR$427.1m6.8x18.9x16.6x
Thu, 21 Sep 2023R$8.5bR$485.5mR$427.1m6.8x20x17.6x
Sat, 19 Aug 2023R$8.6bR$388.0mR$285.7m6.6x30x22.1x
Mon, 17 Jul 2023R$8.7bR$208.6mR$285.5m6.7x30.3x41.5x
Wed, 14 Jun 2023R$8.1bR$466.3mR$421.2m7x19.2x17.3x
Fri, 12 May 2023R$7.7bR$612.2mR$244.3m6.7x31.3x12.5x
Sun, 09 Apr 2023R$7.1bR$612.2mR$244.3m6.3x29.1x11.6x
Tue, 07 Mar 2023R$7.3bR$849.2mR$390.9m10.6x18.8x8.6x
Price to Earnings Ratio

18.8x


Total Market Cap: R$7.3bTotal Earnings: R$390.9mTotal Revenue: R$849.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 53x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Office REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 187x which is higher than its 3-year average PE of 53.0x.
  • The industry's 3-year average PS ratio of 28.6x is exceeded by the industry's current PS ratio of 119x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 51% per year over the last three years,
  • Revenues have also declined 56% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Brazilian Office REITs compare with similar industries?

BR Market-0.97%
Real Estate1.01%
REITS1.53%
Office REITs0.72%
Healthcare REITs6.49%
Diversified REITs1.53%
Industrial REITs1.35%
Retail REITs0.27%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TRNT11 Fundo de Investimento Imobiliário - FII Torre NorteR$106.849.0%
+R$34.8m		12.4%n/a
KORE11 Kinea Oportunidades Real Estate Fundo De Investimento ImobiliarioR$78.053.0%
+R$21.8m		0.8%n/a
TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FIIR$101.001.2%
+R$19.4m		15.4%n/a
GTWR11 Fundo Investimento Imobiliario Green TowersR$85.941.6%
+R$16.3m		27.2%n/a
BBRC11 BB Renda Corporativa Fundo de Investimento Imobiliário - FIIR$105.702.6%
+R$4.3m		9.7%n/a

Latest News

EDGA11
R$14.00
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
-2.7%
1Y
-16.1%
FPAB11
R$212.00
Fundo de Investimento Imobiliário Projeto Água Branca
7D
1.0%
1Y
24.7%
BRCR11
R$48.45
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
-0.5%
1Y
22.8%
RBOP11
R$244.80
Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -Inicio
7D
18.3%
1Y
35.2%
TRNT11
R$106.84
Fundo de Investimento Imobiliário - FII Torre Norte
7D
9.0%
1Y
12.4%
TVRI11
R$101.00
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
1.2%
1Y
15.4%
KORE11
R$78.05
Kinea Oportunidades Real Estate Fundo De Investimento Imobiliario
7D
3.0%
1Y
0.8%
PVBI11
R$78.46
Fundo De Investimento ImobiliarRio Vbi Prime Properties
7D
-1.1%
1Y
1.7%
NEWU11
R$98.02
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
-7.1%
1Y
34.3%
GTWR11
R$85.94
Fundo Investimento Imobiliario Green Towers
7D
1.6%
1Y
27.2%
BBRC11
R$105.70
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
2.6%
1Y
9.7%
PRSV11
R$35.51
Fundo de Investimento Imobiliário Presidente Vargas
7D
-2.1%
1Y
-36.3%
XPCM11
R$9.51
XP Macaé Fundo de Investimento Imobiliário - FII
7D
14.6%
1Y
38.2%
VVCO11
R$14.95
XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund
7D
-0.3%
1Y
7.3%