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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedSep 11, 2026
DataAggregated Company Financials
Companies34
  • 7D-0.4%
  • 3M-1.7%
  • 1Y-2.7%
  • YTDn/a

Last week, the Office REITs industry hasn't moved much but Bgr B32 Fundo De Investimento Imobiliario is up 12% in that time. Furthermore, the industry has been flat for the past year as well.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Sep 2026R$10.5bR$204.7mR$73.4m10.2x143.6x51.5x
Sun, 09 Aug 2026R$7.9bR$204.7mR$73.4m9.9x107.8x38.7x
Tue, 07 Jul 2026R$8.1bR$204.7mR$73.4m10.5x110.3x39.5x
Thu, 04 Jun 2026R$8.2bR$114.6mR$5.9m25.1x1392.6x71.5x
Sat, 02 May 2026R$8.6bR$114.6mR$5.9m26.9x1466.6x75.3x
Mon, 30 Mar 2026R$8.6bR$73.7mR$46.9m26.5x183.9x117x
Wed, 25 Feb 2026R$8.7bR$73.7mR$46.9m27.5x185.8x118.2x
Fri, 23 Jan 2026R$8.8bR$73.7mR$46.9m27.9x186.7x118.8x
Sun, 21 Dec 2025R$8.5bR$73.7mR$46.9m25.5x181.3x115.3x
Tue, 18 Nov 2025R$3.7bR$73.7mR$46.9m24.1x78x49.6x
Thu, 16 Oct 2025R$3.7bR$73.7mR$46.9m23.3x78.4x49.9x
Sat, 13 Sep 2025R$3.7bR$73.7mR$46.9m24.7x79.2x50.4x
Mon, 11 Aug 2025R$3.7bR$73.7mR$46.9m23.4x79.4x50.5x
Wed, 09 Jul 2025R$3.8bR$73.7mR$46.9m24.4x81.2x51.7x
Fri, 06 Jun 2025R$3.8bR$386.2mR$88.3m16.4x43.3x9.9x
Sun, 04 May 2025R$3.6bR$386.2mR$88.3m15.8x41x9.4x
Tue, 01 Apr 2025R$7.0bR$416.3mR$101.1m15.7x69.1x16.8x
Thu, 27 Feb 2025R$6.7bR$416.3mR$101.1m15.6x65.9x16x
Sat, 25 Jan 2025R$6.6bR$416.3mR$101.1m15.3x65.6x15.9x
Mon, 23 Dec 2024R$6.9bR$416.3mR$101.1m15.9x68.4x16.6x
Wed, 20 Nov 2024R$7.4bR$515.9mR$162.3m8.9x45.6x14.4x
Fri, 18 Oct 2024R$7.4bR$515.9mR$162.3m9.3x45.4x14.3x
Sun, 15 Sep 2024R$7.6bR$515.9mR$162.3m10.2x47.1x14.8x
Tue, 13 Aug 2024R$7.8bR$515.9mR$162.3m10.4x47.9x15.1x
Thu, 11 Jul 2024R$7.6bR$515.9mR$162.3m10.2x47.1x14.8x
Sat, 08 Jun 2024R$8.0bR$722.7mR$436.6m8.1x18.4x11.1x
Mon, 06 May 2024R$8.2bR$451.3mR$406.3m8.3x20.1x18.1x
Wed, 03 Apr 2024R$8.4bR$468.8mR$397.1m8x21.2x18x
Fri, 01 Mar 2024R$8.5bR$468.8mR$397.1m8x21.3x18.1x
Sun, 28 Jan 2024R$8.7bR$482.8mR$423.4m7.3x20.5x18x
Tue, 26 Dec 2023R$8.5bR$482.8mR$423.4m6.9x20.1x17.6x
Thu, 23 Nov 2023R$8.2bR$485.5mR$427.1m6.7x19.1x16.8x
Sat, 21 Oct 2023R$8.1bR$485.5mR$427.1m6.7x18.9x16.7x
Mon, 18 Sep 2023R$8.5bR$485.5mR$427.1m6.8x19.9x17.5x
Price to Earnings Ratio

19.9x


Total Market Cap: R$8.5bTotal Earnings: R$427.1mTotal Revenue: R$485.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 126.1x202420252026
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 143x which is higher than its 3-year average PE of 126x.
  • The industry's 3-year average PS ratio of 37.7x is exceeded by the industry's current PS ratio of 51.2x.
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 25% 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 Market1.60%
Real Estate0.37%
REITS-0.73%
Office REITs-0.39%
Healthcare REITs6.84%
Industrial REITs0.26%
Retail REITs0.018%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Diversified REITs-0.73%
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
BGRB11 Bgr B32 Fundo De Investimento ImobiliarioR$131.9914.8%
+R$39.5m		20.0%n/a
KORE11 Kinea Oportunidades Real Estate Fundo De Investimento ImobiliarioR$66.093.2%
+R$19.9m		-4.9%n/a
VVCO11 XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII FundR$10.0011.1%
+R$9.9m		-31.5%PB0.7x
CXCO11 Fundo De Investimento Imobiliario Caixa Imoveis CorporativosR$71.151.8%
+R$4.9m		22.5%n/a
VINO11 Vinci Fundo De Investimento ImobiliarioR$4.290.7%
+R$2.5m		-13.9%n/a

Latest News

BRCR11
R$40.95
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
-4.1%
1Y
-5.7%
CEOC11
R$40.53
Fundo de Investimento Imobiliário FII CEO Cyrela Fund
7D
-1.1%
1Y
-9.4%
LMAI11
R$32.50
Domo Fundo de Investimento Imobiliário - FII
7D
-9.3%
1Y
-52.6%
FATN11
R$80.70
BRC Renda Corporativa FII - FII Athena I
7D
0.5%
1Y
-1.9%
TVRI11
R$86.40
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
-1.4%
1Y
-5.6%
CJCT11
R$77.48
Cidade Jardim Continental Tower Fundo De Investimento Imobiliario
7D
1.0%
1Y
26.5%
KORE11
R$66.09
Kinea Oportunidades Real Estate Fundo De Investimento Imobiliario
7D
3.2%
1Y
-4.9%
VINO11
R$4.29
Vinci Fundo De Investimento Imobiliario
7D
0.7%
1Y
-13.9%
PVBI11
R$68.68
Fundo De Investimento ImobiliarRio Vbi Prime Properties
7D
-1.2%
1Y
-9.2%
BNFS11
R$37.59
Banrisul N Front Fund Investment IMO FII Fund
7D
-1.5%
1Y
-48.2%
GTWR11
R$76.66
Fundo Investimento Imobiliario Green Towers
7D
-0.8%
1Y
0.5%
CXCO11
R$71.15
Fundo De Investimento Imobiliario Caixa Imoveis Corporativos
7D
1.8%
1Y
22.5%
BGRB11
R$131.99
Bgr B32 Fundo De Investimento Imobiliario
7D
14.8%
1Y
20.0%
PATC11
R$37.90
Patria Edificios Corporativos Fundo Investimento Imobiliario Fii
7D
-4.0%
1Y
-3.4%
EDGA11
R$13.41
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
3.2%
1Y
-6.7%
VVCO11
R$10.00
XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund
7D
11.1%
1Y
-31.5%