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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies18
  • 7D0.8%
  • 3M5.8%
  • 1Y11.0%
  • YTDn/a

Last week, the Office REITs industry hasn't moved much but Fundo de Investimento Imobiliário - FII Torre Norte is up 9.0% in that time. 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
Mon, 02 Mar 2026R$8.8bR$73.7mR$46.9m27.5x188.1x119.6x
Wed, 28 Jan 2026R$8.9bR$73.7mR$46.9m28.1x189.2x120.3x
Fri, 26 Dec 2025R$8.6bR$73.7mR$46.9m26x184x117x
Sun, 23 Nov 2025R$3.7bR$73.7mR$46.9m24x78.1x49.7x
Tue, 21 Oct 2025R$3.7bR$73.7mR$46.9m23.2x78.1x49.7x
Thu, 18 Sep 2025R$3.7bR$73.7mR$46.9m24.8x79.7x50.7x
Sat, 16 Aug 2025R$3.7bR$73.7mR$46.9m23.3x79.4x50.5x
Mon, 14 Jul 2025R$3.8bR$73.7mR$46.9m24.4x81x51.5x
Wed, 11 Jun 2025R$3.8bR$386.2mR$88.3m16.7x43.1x9.8x
Fri, 09 May 2025R$3.6bR$386.2mR$88.3m15.9x41.3x9.4x
Sun, 06 Apr 2025R$6.9bR$416.3mR$101.1m15.7x68.3x16.6x
Tue, 04 Mar 2025R$6.7bR$416.3mR$101.1m15.5x66.1x16x
Thu, 30 Jan 2025R$6.6bR$416.3mR$101.1m15.5x65x15.8x
Sat, 28 Dec 2024R$7.1bR$416.3mR$101.1m16.3x70x17x
Mon, 25 Nov 2024R$7.5bR$426.5mR$85.7m20x87.4x17.6x
Wed, 23 Oct 2024R$7.3bR$515.9mR$162.3m9.2x45.1x14.2x
Fri, 20 Sep 2024R$7.6bR$515.9mR$162.3m10x46.9x14.7x
Sun, 18 Aug 2024R$7.8bR$515.9mR$162.3m10.4x47.8x15x
Tue, 16 Jul 2024R$7.7bR$515.9mR$162.3m10.6x47.7x15x
Thu, 13 Jun 2024R$8.0bR$720.0mR$436.6m7.9x18.2x11.1x
Sat, 11 May 2024R$8.2bR$451.3mR$406.3m8.3x20.3x18.3x
Mon, 08 Apr 2024R$8.4bR$469.6mR$425.0m8.6x19.7x17.8x
Wed, 06 Mar 2024R$8.4bR$468.8mR$397.1m8x21.3x18x
Fri, 02 Feb 2024R$8.6bR$482.8mR$423.4m7.3x20.4x17.9x
Sun, 31 Dec 2023R$8.6bR$482.8mR$423.4m6.9x20.2x17.8x
Tue, 28 Nov 2023R$8.2bR$485.5mR$427.1m6.7x19.2x16.9x
Thu, 26 Oct 2023R$7.9bR$485.5mR$427.1m6.7x18.6x16.3x
Sat, 23 Sep 2023R$8.6bR$485.5mR$427.1m6.8x20x17.6x
Mon, 21 Aug 2023R$8.6bR$388.0mR$285.7m6.6x30x22.1x
Wed, 19 Jul 2023R$8.7bR$208.6mR$285.5m6.7x30.3x41.5x
Fri, 16 Jun 2023R$8.1bR$466.3mR$421.2m7x19.2x17.4x
Sun, 14 May 2023R$7.7bR$612.2mR$244.3m6.7x31.3x12.5x
Tue, 11 Apr 2023R$7.1bR$612.2mR$244.3m6.2x29.2x11.7x
Thu, 09 Mar 2023R$7.3bR$849.2mR$390.9m10.5x18.6x8.6x
Price to Earnings Ratio

18.6x


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 53.3x202420252026
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 188x which is higher than its 3-year average PE of 53.2x.
  • The industry's 3-year average PS ratio of 28.7x is exceeded by the industry's current PS ratio of 120x.
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-0.94%
Real Estate1.02%
REITS1.54%
Office REITs0.80%
Healthcare REITs6.54%
Diversified REITs1.54%
Industrial REITs1.36%
Retail REITs0.28%
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$22.0m		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$85.941.3%
+R$13.1m		27.2%n/a
PVBI11 Fundo De Investimento ImobiliarRio Vbi Prime PropertiesR$78.460.5%
+R$11.4m		1.7%n/a

Latest News

EDGA11
R$14.00
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
-1.8%
1Y
-16.1%
FPAB11
R$212.00
Fundo de Investimento Imobiliário Projeto Água Branca
7D
-1.4%
1Y
24.7%
BRCR11
R$48.45
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
0.8%
1Y
22.8%
FATN11
R$87.10
BRC Renda Corporativa FII - FII Athena I
7D
-0.1%
1Y
15.4%
RBOP11
R$244.80
Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -Inicio
7D
16.2%
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
0.5%
1Y
1.7%
NEWU11
R$98.02
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
-4.0%
1Y
34.3%
GTWR11
R$85.94
Fundo Investimento Imobiliario Green Towers
7D
1.3%
1Y
27.2%
BBRC11
R$105.70
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
1.9%
1Y
9.7%
PRSV11
R$35.51
Fundo de Investimento Imobiliário Presidente Vargas
7D
-2.2%
1Y
-36.3%
VVCO11
R$14.95
XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund
7D
-0.3%
1Y
7.3%