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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies19
  • 7D-0.4%
  • 3M-2.1%
  • 1Y5.6%
  • YTDn/a

The Office REITs industry has been flat over the last week, but Fundo de Investimento Imobiliário - FII Torre Norte has lost 3.4%. The past year has been better, since the industry has gained 5.6% in that time.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026R$8.7bR$114.6mR$5.9m27x1474.9x75.7x
Sun, 22 Mar 2026R$8.7bR$73.7mR$46.9m26.7x185x117.7x
Tue, 17 Feb 2026R$8.7bR$73.7mR$46.9m27.3x185.3x117.8x
Thu, 15 Jan 2026R$8.6bR$73.7mR$46.9m27.1x183.8x116.9x
Sat, 13 Dec 2025R$3.8bR$73.7mR$46.9m25.4x80.5x51.2x
Mon, 10 Nov 2025R$3.7bR$73.7mR$46.9m23.5x78.2x49.7x
Wed, 08 Oct 2025R$3.7bR$73.7mR$46.9m24.4x80x50.9x
Fri, 05 Sep 2025R$3.7bR$73.7mR$46.9m23.9x78.4x49.9x
Sun, 03 Aug 2025R$3.8bR$73.7mR$46.9m23.5x80.1x51x
Tue, 01 Jul 2025R$3.8bR$73.7mR$46.9m24x81.5x51.9x
Thu, 29 May 2025R$3.8bR$386.2mR$88.3m16.5x42.7x9.8x
Sat, 26 Apr 2025R$4.1bR$386.2mR$88.3m15.5x46.7x10.7x
Mon, 24 Mar 2025R$6.9bR$416.3mR$101.1m15.7x67.9x16.5x
Wed, 19 Feb 2025R$6.6bR$416.3mR$101.1m15.5x64.8x15.7x
Fri, 17 Jan 2025R$6.8bR$416.3mR$101.1m15.7x67.3x16.4x
Sun, 15 Dec 2024R$7.0bR$416.3mR$101.1m15.7x68.8x16.7x
Tue, 12 Nov 2024R$7.6bR$515.9mR$162.3m8.9x46.6x14.7x
Thu, 10 Oct 2024R$7.4bR$515.9mR$162.3m9.2x45.3x14.3x
Sat, 07 Sep 2024R$7.7bR$515.9mR$162.3m10.3x47.6x15x
Mon, 05 Aug 2024R$7.7bR$515.9mR$162.3m10.6x47.7x15x
Wed, 03 Jul 2024R$7.7bR$515.9mR$162.3m10.3x47.2x14.8x
Fri, 31 May 2024R$8.1bR$722.7mR$436.6m8.1x18.7x11.3x
Sun, 28 Apr 2024R$8.3bR$443.2mR$396.7m8.5x20.9x18.7x
Tue, 26 Mar 2024R$8.4bR$468.8mR$397.1m8x21.2x17.9x
Thu, 22 Feb 2024R$8.5bR$468.8mR$397.1m8.1x21.3x18.1x
Sat, 20 Jan 2024R$8.7bR$482.8mR$423.4m7.3x20.6x18x
Mon, 18 Dec 2023R$8.4bR$479.5mR$423.4m6.8x19.8x17.4x
Wed, 15 Nov 2023R$8.1bR$485.5mR$427.1m6.7x18.9x16.6x
Fri, 13 Oct 2023R$8.1bR$485.5mR$427.1m6.8x19x16.7x
Sun, 10 Sep 2023R$8.5bR$485.3mR$427.1m6.7x19.9x17.5x
Tue, 08 Aug 2023R$8.7bR$388.0mR$285.7m6.6x30.4x22.4x
Thu, 06 Jul 2023R$8.6bR$208.6mR$285.5m6.7x30.1x41.2x
Sat, 03 Jun 2023R$7.9bR$466.3mR$421.2m6.8x18.8x17x
Mon, 01 May 2023R$7.6bR$612.2mR$244.3m6.6x31x12.4x
Price to Earnings Ratio

31x


Total Market Cap: R$7.6bTotal Earnings: R$244.3mTotal Revenue: R$612.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 69.4x202420252026
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 1kx which is higher than its 3-year average PE of 69.4x.
  • The industry's 3-year average PS ratio of 33.7x is exceeded by the industry's current PS ratio of 75.7x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 71% per year over the last three years,
  • Revenues have also declined 43% 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-2.47%
Real Estate-2.32%
REITS-0.49%
Office REITs-0.42%
Healthcare REITs0.43%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Industrial REITs-0.31%
Diversified REITs-0.49%
Retail REITs-2.29%
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
TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FIIR$98.180.4%
+R$6.0m		11.8%n/a
PVBI11 Fundo De Investimento ImobiliarRio Vbi Prime PropertiesR$78.150.2%
+R$4.1m		0.3%n/a
RBOP11 Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -InicioR$229.949.1%
+R$2.0m		25.7%n/a
FPAB11 Fundo de Investimento Imobiliário Projeto Água BrancaR$204.000.5%
+R$750.0k		18.5%n/a
NEWU11 Renda de Escritorios Fundo de Investimento Imobiliario - Cotas FundoR$105.860.8%
+R$653.0k		37.4%n/a

Latest News

FPAB11
R$204.00
Fundo de Investimento Imobiliário Projeto Água Branca
7D
0.5%
1Y
18.5%
BRCR11
R$47.45
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
-1.0%
1Y
10.5%
RBOP11
R$229.94
Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -Inicio
7D
9.1%
1Y
25.7%
FATN11
R$86.51
BRC Renda Corporativa FII - FII Athena I
7D
-0.5%
1Y
13.6%
BBRC11
R$105.70
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
0.09%
1Y
1.2%
TVRI11
R$98.18
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
0.4%
1Y
11.8%
KORE11
R$73.16
Kinea Oportunidades Real Estate Fundo De Investimento Imobiliario
7D
-0.5%
1Y
-13.8%
VINO11
R$4.97
Vinci Fundo De Investimento Imobiliario
7D
-3.3%
1Y
-6.6%
LMAI11
R$37.00
Domo Fundo de Investimento Imobiliário - FII
7D
-1.3%
1Y
-45.6%
GTWR11
R$85.16
Fundo Investimento Imobiliario Green Towers
7D
-0.09%
1Y
22.2%
NEWU11
R$105.86
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
0.8%
1Y
37.4%
PVBI11
R$78.15
Fundo De Investimento ImobiliarRio Vbi Prime Properties
7D
0.2%
1Y
0.3%
XPCM11
R$8.32
XP Macaé Fundo de Investimento Imobiliário - FII
7D
3.2%
1Y
17.0%
TRNT11
R$110.00
Fundo de Investimento Imobiliário - FII Torre Norte
7D
-3.4%
1Y
20.2%
PRSV11
R$30.51
Fundo de Investimento Imobiliário Presidente Vargas
7D
-9.8%
1Y
-36.4%