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Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedJul 26, 2026
DataAggregated Company Financials
Companies19
- 7D-1.7%
- 3M-9.1%
- 1Y-3.5%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 1.7%, driven by Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund declining 4.3%. In contrast, XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund has gained 5.9%. Overall the industry is down 3.5% in 12 months.
Industry Valuation and Performance
Has the Brazilian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 26 Jul 2026 | R$8.0b | R$204.7m | R$73.4m | 9.8x | 109.2x | 39.2x |
| Tue, 23 Jun 2026 | R$8.2b | R$204.7m | R$73.4m | 10.6x | 111.4x | 39.9x |
| Thu, 21 May 2026 | R$8.3b | R$114.6m | R$5.9m | 25.4x | 1414.7x | 72.6x |
| Sat, 18 Apr 2026 | R$8.7b | R$114.6m | R$5.9m | 27.2x | 1478x | 75.9x |
| Mon, 16 Mar 2026 | R$8.7b | R$73.7m | R$46.9m | 27.4x | 186.6x | 118.7x |
| Wed, 11 Feb 2026 | R$8.8b | R$73.7m | R$46.9m | 27.5x | 187x | 118.9x |
| Fri, 09 Jan 2026 | R$8.6b | R$73.7m | R$46.9m | 27.3x | 184.5x | 117.3x |
| Sun, 07 Dec 2025 | R$3.7b | R$73.7m | R$46.9m | 24.6x | 79.8x | 50.7x |
| Tue, 04 Nov 2025 | R$3.7b | R$73.7m | R$46.9m | 23.2x | 78.2x | 49.8x |
| Thu, 02 Oct 2025 | R$3.7b | R$73.7m | R$46.9m | 24.7x | 79.8x | 50.7x |
| Sat, 30 Aug 2025 | R$3.7b | R$73.7m | R$46.9m | 23.5x | 78.6x | 50x |
| Mon, 28 Jul 2025 | R$3.7b | R$73.7m | R$46.9m | 23.7x | 79.8x | 50.7x |
| Wed, 25 Jun 2025 | R$3.8b | R$116.1m | R$80.0m | 16.4x | 47.5x | 32.7x |
| Fri, 23 May 2025 | R$3.7b | R$386.2m | R$88.3m | 16.3x | 42.1x | 9.6x |
| Sun, 20 Apr 2025 | R$6.9b | R$388.5m | R$88.3m | 15.4x | 78.6x | 17.9x |
| Tue, 18 Mar 2025 | R$6.8b | R$416.3m | R$101.1m | 15.7x | 67.3x | 16.4x |
| Thu, 13 Feb 2025 | R$6.5b | R$416.3m | R$101.1m | 15.4x | 64.6x | 15.7x |
| Sat, 11 Jan 2025 | R$6.8b | R$416.3m | R$101.1m | 15.5x | 67.1x | 16.3x |
| Mon, 09 Dec 2024 | R$7.1b | R$416.3m | R$101.1m | 16.1x | 70.6x | 17.1x |
| Wed, 06 Nov 2024 | R$7.6b | R$515.9m | R$162.3m | 9x | 46.7x | 14.7x |
| Fri, 04 Oct 2024 | R$7.4b | R$515.9m | R$162.3m | 9.3x | 45.5x | 14.3x |
| Sun, 01 Sep 2024 | R$7.8b | R$515.9m | R$162.3m | 10.4x | 48.3x | 15.2x |
| Tue, 30 Jul 2024 | R$7.8b | R$515.9m | R$162.3m | 10.2x | 47.9x | 15.1x |
| Thu, 27 Jun 2024 | R$7.8b | R$720.0m | R$436.6m | 7.5x | 18x | 10.9x |
| Sat, 25 May 2024 | R$8.1b | R$451.3m | R$406.3m | 8.2x | 20x | 18x |
| Mon, 22 Apr 2024 | R$8.3b | R$469.2m | R$425.0m | 8.5x | 19.6x | 17.7x |
| Wed, 20 Mar 2024 | R$8.5b | R$468.8m | R$397.1m | 8x | 21.4x | 18.1x |
| Fri, 16 Feb 2024 | R$8.5b | R$468.8m | R$397.1m | 8.1x | 21.3x | 18.1x |
| Sun, 14 Jan 2024 | R$8.7b | R$482.8m | R$423.4m | 7.3x | 20.5x | 17.9x |
| Tue, 12 Dec 2023 | R$8.3b | R$485.5m | R$427.1m | 6.7x | 19.5x | 17.1x |
| Thu, 09 Nov 2023 | R$8.1b | R$485.5m | R$427.1m | 6.7x | 18.9x | 16.6x |
| Sat, 07 Oct 2023 | R$8.2b | R$485.5m | R$427.1m | 6.7x | 19.2x | 16.9x |
| Mon, 04 Sep 2023 | R$8.5b | R$485.3m | R$427.1m | 6.7x | 19.8x | 17.4x |
| Wed, 02 Aug 2023 | R$8.6b | R$389.6m | R$285.7m | 6.6x | 30x | 22x |
Price to Earnings Ratio
30x
Current Industry PE
- Investors are pessimistic on the Brazilian Office REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 109x which is lower than its 3-year average PE of 122x.
- The industry is trading close to its 3-year average PS ratio of 36.7x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 36% per year over the last three years,
- Revenues have also declined 19% 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 | -0.099% | |
| Real Estate | -1.60% | |
| REITS | -1.21% | |
| Office REITs | -1.66% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Industrial REITs | -0.80% | |
| Diversified REITs | -1.21% | |
| Retail REITs | -1.34% | |
| Healthcare REITs | -12.62% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VVCO11 XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund | R$10.45 | 5.9% +R$5.7m | -25.4% | PB0.7x | |
| GTWR11 Fundo Investimento Imobiliario Green Towers | R$80.37 | 0.3% +R$3.4m | 6.6% | n/a | |
| EDGA11 Fundo de Investimento Imobiliario - FII Edificio Galeria | R$13.72 | 3.7% +R$1.9m | -12.4% | PB0.3x |