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Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies19
- 7D1.3%
- 3M-12.3%
- 1Y-25.2%
- YTDn/a
Last week, the Office REITs industry hasn't moved much but CSHG Real Estate - Fundo de Investimento Imobiliario - FII is up 3.1% in that time. Unfortunately though, the industry is down 26% over the past 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | R$6.6b | R$416.3m | R$101.1m | 15.6x | 64.9x | 15.8x |
| Sun, 19 Jan 2025 | R$6.7b | R$416.3m | R$101.1m | 15.6x | 66.5x | 16.2x |
| Tue, 17 Dec 2024 | R$7.0b | R$416.3m | R$101.1m | 15.8x | 68.8x | 16.7x |
| Thu, 14 Nov 2024 | R$7.4b | R$515.9m | R$162.3m | 8.8x | 45.8x | 14.4x |
| Sat, 12 Oct 2024 | R$7.4b | R$515.9m | R$162.3m | 9.2x | 45.5x | 14.3x |
| Mon, 09 Sep 2024 | R$7.7b | R$515.9m | R$162.3m | 10.3x | 47.7x | 15x |
| Wed, 07 Aug 2024 | R$7.7b | R$515.9m | R$162.3m | 10.5x | 47.3x | 14.9x |
| Fri, 05 Jul 2024 | R$7.7b | R$515.9m | R$162.3m | 10.3x | 47.4x | 14.9x |
| Sun, 02 Jun 2024 | R$8.1b | R$722.7m | R$436.6m | 8.1x | 18.6x | 11.3x |
| Tue, 30 Apr 2024 | R$8.3b | R$450.3m | R$406.3m | 8.1x | 20.4x | 18.4x |
| Thu, 28 Mar 2024 | R$8.5b | R$468.8m | R$397.1m | 8x | 21.3x | 18.1x |
| Sat, 24 Feb 2024 | R$8.5b | R$468.8m | R$397.1m | 8x | 21.3x | 18x |
| Mon, 22 Jan 2024 | R$8.7b | R$482.8m | R$423.4m | 7.3x | 20.6x | 18x |
| Wed, 20 Dec 2023 | R$8.4b | R$479.5m | R$423.4m | 6.8x | 19.8x | 17.4x |
| Fri, 17 Nov 2023 | R$8.2b | R$485.5m | R$427.1m | 6.7x | 19.1x | 16.8x |
| Sun, 15 Oct 2023 | R$8.2b | R$485.5m | R$427.1m | 6.8x | 19.1x | 16.8x |
| Tue, 12 Sep 2023 | R$8.4b | R$485.3m | R$427.1m | 6.7x | 19.7x | 17.4x |
| Thu, 10 Aug 2023 | R$8.7b | R$388.0m | R$285.7m | 6.6x | 30.3x | 22.3x |
| Sat, 08 Jul 2023 | R$8.7b | R$208.6m | R$285.5m | 6.7x | 30.4x | 41.7x |
| Mon, 05 Jun 2023 | R$7.9b | R$466.3m | R$421.2m | 6.8x | 18.8x | 17x |
| Wed, 03 May 2023 | R$7.4b | R$612.2m | R$244.3m | 6.7x | 30.4x | 12.1x |
| Fri, 31 Mar 2023 | R$7.1b | R$625.4m | R$205.5m | 12.2x | 34.7x | 11.4x |
| Sun, 26 Feb 2023 | R$7.4b | R$849.2m | R$390.9m | 10.3x | 18.8x | 8.7x |
| Tue, 24 Jan 2023 | R$7.6b | R$849.2m | R$390.9m | 11x | 19.5x | 9x |
| Thu, 22 Dec 2022 | R$7.6b | R$270.8m | R$269.2m | 5.6x | 28.2x | 28x |
| Sat, 19 Nov 2022 | R$8.0b | R$270.8m | R$269.2m | 5.8x | 29.6x | 29.5x |
| Mon, 17 Oct 2022 | R$8.4b | R$270.8m | R$269.2m | 6.3x | 31.3x | 31.1x |
| Wed, 14 Sep 2022 | R$8.4b | R$270.8m | R$269.2m | 6.5x | 31.3x | 31.1x |
| Fri, 12 Aug 2022 | R$7.8b | R$270.8m | R$269.2m | 5.6x | 28.8x | 28.7x |
| Sun, 10 Jul 2022 | R$7.6b | R$270.8m | R$269.2m | 5.7x | 28.3x | 28.1x |
| Tue, 07 Jun 2022 | R$8.0b | R$691.3m | R$551.1m | 7.2x | 14.5x | 11.5x |
| Thu, 05 May 2022 | R$8.0b | R$691.3m | R$551.1m | 7x | 14.5x | 11.6x |
| Sat, 02 Apr 2022 | R$8.2b | R$691.3m | R$551.1m | 7.1x | 14.9x | 11.9x |
| Mon, 28 Feb 2022 | R$8.0b | R$632.5m | R$373.5m | 7.2x | 21.4x | 12.6x |
Price to Earnings Ratio
21.4x
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 64.8x which is higher than its 3-year average PE of 29.6x.
- The 3-year average PS ratio of 17.8x is higher than the industry's current PS ratio of 15.7x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 35% per year over the last three years,
- Revenues have also declined 13% 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 | 1.41% | |
| Real Estate | 1.14% | |
| REITS | 3.20% | |
| Office REITs | 1.29% | |
| Diversified REITs | 3.20% | |
| Industrial REITs | 1.55% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Healthcare REITs | -1.58% | |
| Retail REITs | -2.55% | |
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 | |
|---|---|---|---|---|---|
| TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FII | R$84.28 | 3.5% +R$44.9m | -18.3% | n/a | |
| HGRE11 CSHG Real Estate - Fundo de Investimento Imobiliario - FII | R$98.40 | 3.7% +R$41.8m | -23.9% | n/a | |
| RBVA11 Fundo Invest Imobiliario Agencias Caixa - FII Fund | R$77.81 | 1.4% +R$16.9m | -31.1% | n/a | |
| BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund | R$39.87 | 1.6% +R$16.8m | -31.7% | PB0.4x | |
| FAMB11 Fundo de Investimento Imobiliario Edificio Almirante Barroso | R$810.00 | 4.0% +R$3.8m | -3.3% | n/a |