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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies12
  • 7D0.2%
  • 3M-0.06%
  • 1Y-6.0%
  • YTDn/a

In the last week, Office REITs has been flat. As for the longer term, the industry has declined 5.8% in the last year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Nov 2025R$3.7bR$73.7mR$46.9m24x78.1x49.7x
Sat, 25 Oct 2025R$3.6bR$73.7mR$46.9m22.4x77x49x
Mon, 22 Sep 2025R$3.7bR$73.7mR$46.9m25x79.9x50.8x
Wed, 20 Aug 2025R$3.7bR$73.7mR$46.9m23.3x79.7x50.7x
Fri, 18 Jul 2025R$3.8bR$73.7mR$46.9m24.3x80.7x51.3x
Sun, 15 Jun 2025R$3.8bR$386.2mR$88.3m16.3x42.8x9.8x
Tue, 13 May 2025R$3.6bR$386.2mR$88.3m15.7x41.2x9.4x
Thu, 10 Apr 2025R$6.9bR$416.3mR$101.1m15.7x67.8x16.5x
Sat, 08 Mar 2025R$6.7bR$416.3mR$101.1m15.7x66.4x16.1x
Mon, 03 Feb 2025R$6.7bR$416.3mR$101.1m15.6x66.1x16.1x
Wed, 01 Jan 2025R$7.3bR$416.3mR$101.1m16.3x71.9x17.5x
Fri, 29 Nov 2024R$7.6bR$421.8mR$101.1m17x74.7x17.9x
Sun, 27 Oct 2024R$7.3bR$515.9mR$162.3m9.2x45.1x14.2x
Tue, 24 Sep 2024R$7.6bR$515.9mR$162.3m9.9x46.5x14.6x
Thu, 22 Aug 2024R$7.8bR$515.9mR$162.3m10.5x48.3x15.2x
Sat, 20 Jul 2024R$7.8bR$515.9mR$162.3m10.5x48.1x15.1x
Mon, 17 Jun 2024R$7.9bR$720.0mR$436.6m7.9x18.1x11x
Wed, 15 May 2024R$8.2bR$451.3mR$406.3m8.2x20.1x18.1x
Fri, 12 Apr 2024R$8.3bR$469.6mR$425.0m8.7x19.6x17.7x
Sun, 10 Mar 2024R$8.5bR$468.8mR$397.1m8x21.4x18.1x
Tue, 06 Feb 2024R$8.5bR$468.8mR$397.1m8.1x21.4x18.1x
Thu, 04 Jan 2024R$8.5bR$482.8mR$423.4m6.8x20.1x17.7x
Sat, 02 Dec 2023R$8.3bR$485.5mR$427.1m6.7x19.4x17.1x
Mon, 30 Oct 2023R$8.0bR$485.5mR$427.1m6.7x18.7x16.4x
Wed, 27 Sep 2023R$8.5bR$485.5mR$427.1m6.8x19.9x17.5x
Fri, 25 Aug 2023R$8.4bR$388.0mR$285.7m6.6x29.4x21.7x
Sun, 23 Jul 2023R$8.6bR$252.1mR$296.3m6.6x29.2x34.3x
Tue, 20 Jun 2023R$8.3bR$466.3mR$421.2m7x19.6x17.7x
Thu, 18 May 2023R$7.8bR$612.2mR$244.3m7.2x31.8x12.7x
Sat, 15 Apr 2023R$7.2bR$612.2mR$244.3m6.2x29.6x11.8x
Mon, 13 Mar 2023R$7.3bR$849.2mR$390.9m10.4x18.6x8.6x
Wed, 08 Feb 2023R$7.5bR$849.2mR$390.9m10.8x19.1x8.8x
Fri, 06 Jan 2023R$7.7bR$849.2mR$390.9m11.2x19.7x9.1x
Sun, 04 Dec 2022R$8.0bR$270.8mR$269.2m5.7x29.6x29.4x
Price to Earnings Ratio

29.6x


Total Market Cap: R$8.0bTotal Earnings: R$269.2mTotal Revenue: R$270.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 41.1x202320242025
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 78.1x which is higher than its 3-year average PE of 41.1x.
  • The industry's 3-year average PS ratio of 21.0x is exceeded by the industry's current PS ratio of 49.7x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 44% per year over the last three years,
  • Revenues have also declined 35% 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 Market2.14%
Real Estate6.93%
REITS-0.11%
Office REITs0.19%
Retail REITs32.93%
Healthcare REITs0.17%
Residential REITs0%0
Specialized REITs0%0
Diversified REITs-0.11%
Industrial REITs-0.17%
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
BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office FundR$42.470.5%
+R$6.1m		-5.1%PB0.5x
TRNT11 Fundo de Investimento Imobiliário - FII Torre NorteR$94.501.1%
+R$3.9m		-23.2%n/a
NEWU11 Renda de Escritorios Fundo de Investimento Imobiliario - Cotas FundoR$101.982.0%
+R$1.5m		31.3%n/a
EDGA11 Fundo de Investimento Imobiliario - FII Edificio GaleriaR$14.502.1%
+R$1.1m		-17.2%n/a
VVCO11 XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII FundR$14.940.3%
+R$200.6k		9.1%n/a

Latest News

EDGA11
R$14.50
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
2.1%
1Y
-17.2%
FPAB11
R$203.02
Fundo de Investimento Imobiliário Projeto Água Branca
7D
-1.0%
1Y
-12.6%
BRCR11
R$42.47
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
0.5%
1Y
-5.1%
NEWU11
R$101.98
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
2.0%
1Y
31.3%
TVRI11
R$93.78
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
-0.2%
1Y
2.8%
BBRC11
R$98.00
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
-0.3%
1Y
-8.9%
PRSV11
R$32.08
Fundo de Investimento Imobiliário Presidente Vargas
7D
-0.2%
1Y
-46.1%
XPCM11
R$7.91
XP Macaé Fundo de Investimento Imobiliário - FII
7D
-0.6%
1Y
8.1%
RBOP11
R$200.00
Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -Inicio
7D
-5.6%
1Y
-39.9%
VVCO11
R$14.94
XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund
7D
0.3%
1Y
9.1%
TRNT11
R$94.50
Fundo de Investimento Imobiliário - FII Torre Norte
7D
1.1%
1Y
-23.2%