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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedAug 13, 2025
DataAggregated Company Financials
Companies13
  • 7D-0.02%
  • 3M-0.9%
  • 1Y-12.8%
  • YTDn/a

Over the last 7 days, the Office REITs industry has remained flat, although notably Fundo de Investimento Imobiliário Projeto Água Branca gained 20%. As for the longer term, the industry has declined 12% in the last year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 Aug 2025R$3.7bR$73.7mR$46.9m23.2x79.1x50.3x
Fri, 11 Jul 2025R$3.8bR$73.7mR$46.9m24.5x81x51.5x
Sun, 08 Jun 2025R$3.8bR$386.2mR$88.3m16.5x43.5x9.9x
Tue, 06 May 2025R$3.6bR$386.2mR$88.3m15.7x40.9x9.4x
Thu, 03 Apr 2025R$7.0bR$416.3mR$101.1m15.6x69x16.8x
Sat, 01 Mar 2025R$6.7bR$416.3mR$101.1m15.5x65.9x16x
Mon, 27 Jan 2025R$6.6bR$416.3mR$101.1m15.3x65.6x15.9x
Wed, 25 Dec 2024R$7.0bR$416.3mR$101.1m16.2x69x16.8x
Fri, 22 Nov 2024R$7.4bR$515.9mR$162.3m8.9x45.8x14.4x
Sun, 20 Oct 2024R$7.4bR$515.9mR$162.3m9.3x45.4x14.3x
Tue, 17 Sep 2024R$7.6bR$515.9mR$162.3m10.2x47.1x14.8x
Thu, 15 Aug 2024R$7.7bR$515.9mR$162.3m10.4x47.7x15x
Sat, 13 Jul 2024R$7.7bR$515.9mR$162.3m10.4x47.6x15x
Mon, 10 Jun 2024R$8.0bR$720.0mR$436.6m8.1x18.4x11.1x
Wed, 08 May 2024R$8.2bR$451.3mR$406.3m8.3x20.2x18.2x
Fri, 05 Apr 2024R$8.4bR$469.6mR$425.0m8.6x19.7x17.8x
Sun, 03 Mar 2024R$8.5bR$468.8mR$397.1m8.1x21.4x18.1x
Tue, 30 Jan 2024R$8.7bR$482.8mR$423.4m7.3x20.5x18x
Thu, 28 Dec 2023R$8.5bR$482.8mR$423.4m6.9x20.2x17.7x
Sat, 25 Nov 2023R$8.2bR$485.5mR$427.1m6.7x19.2x16.9x
Mon, 23 Oct 2023R$8.1bR$485.5mR$427.1m6.7x18.9x16.7x
Wed, 20 Sep 2023R$8.5bR$485.5mR$427.1m6.8x19.9x17.5x
Fri, 18 Aug 2023R$8.6bR$388.0mR$285.7m6.6x30.2x22.2x
Sun, 16 Jul 2023R$8.7bR$208.6mR$285.5m6.7x30.3x41.5x
Tue, 13 Jun 2023R$8.0bR$466.3mR$421.2m7x19.1x17.2x
Thu, 11 May 2023R$7.6bR$612.2mR$244.3m6.7x31.1x12.4x
Sat, 08 Apr 2023R$7.1bR$612.2mR$244.3m6.3x29.1x11.6x
Mon, 06 Mar 2023R$7.3bR$849.2mR$390.9m10.3x18.7x8.6x
Wed, 01 Feb 2023R$7.6bR$849.2mR$390.9m10.9x19.5x9x
Fri, 30 Dec 2022R$7.8bR$590.0mR$375.9m9.1x20.8x13.2x
Sun, 27 Nov 2022R$7.9bR$270.8mR$269.2m5.7x29.3x29.2x
Tue, 25 Oct 2022R$8.4bR$270.8mR$269.2m6.3x31.4x31.2x
Thu, 22 Sep 2022R$8.4bR$270.8mR$269.2m6.4x31.3x31.2x
Sat, 20 Aug 2022R$8.2bR$270.8mR$269.2m6.2x30.6x30.4x
Price to Earnings Ratio

30.6x


Total Market Cap: R$8.2bTotal Earnings: R$269.2mTotal Revenue: R$270.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 36.4x202320242025
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 79.5x which is higher than its 3-year average PE of 36.4x.
  • The industry's 3-year average PS ratio of 19.2x is exceeded by the industry's current PS ratio of 50.6x.
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 Market2.04%
Real Estate1.64%
REITS-0.042%
Office REITs-0.016%
Retail REITs0.88%
Industrial REITs0.14%
Residential REITs0%0
Specialized REITs0%0
Diversified REITs-0.042%
Healthcare REITs-3.79%
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
FPAB11 Fundo de Investimento Imobiliário Projeto Água BrancaR$239.9920.0%
+R$30.0m		5.9%n/a
TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FIIR$91.711.0%
+R$14.2m		-9.9%n/a
NEWU11 Renda de Escritorios Fundo de Investimento Imobiliario - Cotas FundoR$87.008.8%
+R$5.2m		7.8%n/a
BBRC11 BB Renda Corporativa Fundo de Investimento Imobiliário - FIIR$98.511.7%
+R$2.7m		-14.3%n/a
XPCM11 XP Macaé Fundo de Investimento Imobiliário - FIIR$7.622.8%
+R$507.1k		-5.7%n/a

Latest News

FPAB11
R$239.99
Fundo de Investimento Imobiliário Projeto Água Branca
7D
20.0%
1Y
5.9%
BRCR11
R$40.79
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
-2.2%
1Y
-19.3%
RMAI11
R$77.60
Domo Fundo de Investimento Imobiliário - FII
7D
-7.1%
1Y
9.2%
TVRI11
R$91.71
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
1.0%
1Y
-9.9%
BBRC11
R$98.51
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
1.7%
1Y
-14.3%
NEWU11
R$87.00
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
8.8%
1Y
7.8%
EDGA11
R$14.80
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
0.6%
1Y
-19.6%
XPCM11
R$7.62
XP Macaé Fundo de Investimento Imobiliário - FII
7D
2.8%
1Y
-5.7%
PRSV11
R$33.43
Fundo de Investimento Imobiliário Presidente Vargas
7D
-7.1%
1Y
-43.3%
TRNT11
R$95.50
Fundo de Investimento Imobiliário - FII Torre Norte
7D
-0.01%
1Y
-15.5%