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Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedMar 12, 2025
DataAggregated Company Financials
Companies19
- 7D1.2%
- 3M-2.4%
- 1Y-24.0%
- YTDn/a
In the last week, the Office REITs industry is up 1.2%, with BB Progressivo II Fundo de Investimento Imobiliário - FII up 4.0%. In contrast, the industry has lost 24% in the last 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 |
|---|---|---|---|---|---|---|
| Thu, 13 Mar 2025 | R$6.7b | R$416.3m | R$101.1m | 15.8x | 66.6x | 16.2x |
| Sat, 08 Feb 2025 | R$6.6b | R$416.3m | R$101.1m | 15.6x | 64.8x | 15.7x |
| Mon, 06 Jan 2025 | R$7.1b | R$416.3m | R$101.1m | 16x | 69.9x | 17x |
| Wed, 04 Dec 2024 | R$7.3b | R$416.3m | R$101.1m | 16.4x | 72.2x | 17.5x |
| Fri, 01 Nov 2024 | R$7.3b | R$515.9m | R$162.3m | 9.1x | 45.3x | 14.2x |
| Sun, 29 Sep 2024 | R$7.5b | R$515.9m | R$162.3m | 9.8x | 46.2x | 14.5x |
| Tue, 27 Aug 2024 | R$7.8b | R$515.9m | R$162.3m | 10.4x | 48.1x | 15.1x |
| Thu, 25 Jul 2024 | R$7.8b | R$515.9m | R$162.3m | 10.5x | 48.1x | 15.1x |
| Sat, 22 Jun 2024 | R$7.8b | R$720.0m | R$436.6m | 7.9x | 18x | 10.9x |
| Mon, 20 May 2024 | R$8.2b | R$451.3m | R$406.3m | 8.2x | 20.2x | 18.2x |
| Wed, 17 Apr 2024 | R$8.3b | R$469.6m | R$425.0m | 8.5x | 19.6x | 17.7x |
| Fri, 15 Mar 2024 | R$8.5b | R$468.8m | R$397.1m | 7.9x | 21.4x | 18.1x |
| Sun, 11 Feb 2024 | R$8.5b | R$468.8m | R$397.1m | 8.1x | 21.4x | 18.1x |
| Tue, 09 Jan 2024 | R$8.6b | R$482.8m | R$423.4m | 7.4x | 20.3x | 17.8x |
| Thu, 07 Dec 2023 | R$8.3b | R$485.5m | R$427.1m | 6.8x | 19.4x | 17.1x |
| Sat, 04 Nov 2023 | R$8.0b | R$485.5m | R$427.1m | 6.7x | 18.8x | 16.5x |
| Mon, 02 Oct 2023 | R$8.4b | R$485.5m | R$427.1m | 6.9x | 19.8x | 17.4x |
| Wed, 30 Aug 2023 | R$8.5b | R$388.0m | R$285.7m | 6.7x | 29.6x | 21.8x |
| Fri, 28 Jul 2023 | R$8.6b | R$253.0m | R$296.3m | 6.6x | 29.1x | 34x |
| Sun, 25 Jun 2023 | R$8.3b | R$466.3m | R$421.2m | 7x | 19.7x | 17.8x |
| Tue, 23 May 2023 | R$7.8b | R$612.2m | R$244.3m | 7.2x | 32.1x | 12.8x |
| Thu, 20 Apr 2023 | R$7.4b | R$612.2m | R$244.3m | 6.4x | 30.1x | 12x |
| Sat, 18 Mar 2023 | R$7.1b | R$849.2m | R$390.9m | 10.2x | 18.2x | 8.4x |
| Mon, 13 Feb 2023 | R$7.4b | R$849.2m | R$390.9m | 10.5x | 18.9x | 8.7x |
| Wed, 11 Jan 2023 | R$7.7b | R$849.2m | R$390.9m | 11.1x | 19.6x | 9x |
| Fri, 09 Dec 2022 | R$7.8b | R$270.8m | R$269.2m | 5.7x | 29.1x | 28.9x |
| Sun, 06 Nov 2022 | R$8.4b | R$270.8m | R$269.2m | 6.4x | 31.2x | 31x |
| Tue, 04 Oct 2022 | R$8.4b | R$270.8m | R$269.2m | 6.5x | 31.3x | 31.1x |
| Thu, 01 Sep 2022 | R$8.5b | R$270.8m | R$269.2m | 6.6x | 31.7x | 31.5x |
| Sat, 30 Jul 2022 | R$7.5b | R$270.8m | R$269.2m | 5.5x | 27.9x | 27.7x |
| Mon, 27 Jun 2022 | R$7.8b | R$691.3m | R$551.1m | 7.2x | 14.1x | 11.2x |
| Wed, 25 May 2022 | R$7.9b | R$691.3m | R$551.1m | 7.1x | 14.4x | 11.5x |
| Fri, 22 Apr 2022 | R$8.2b | R$691.3m | R$551.1m | 7.2x | 14.9x | 11.9x |
| Sun, 20 Mar 2022 | R$8.0b | R$688.8m | R$427.3m | 7.1x | 18.7x | 11.6x |
Price to Earnings Ratio
18.7x
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 66.6x which is higher than its 3-year average PE of 30.4x.
- The industry is trading close to its 3-year average PS ratio of 17.9x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 38% per year over the last three years,
- Revenues have also declined 15% 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 | 0.04% | |
| Real Estate | 1.36% | |
| REITS | 0.17% | |
| Office REITs | 1.25% | |
| Healthcare REITs | 2.13% | |
| Industrial REITs | 1.03% | |
| Diversified REITs | 0.17% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Retail REITs | -0.027% | |
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$89.60 | 4.0% +R$54.9m | -16.5% | n/a | |
| RBVA11 Fundo Invest Imobiliario Agencias Caixa - FII Fund | R$78.55 | 1.7% +R$20.9m | -29.1% | n/a | |
| TRNT11 Fundo de Investimento Imobiliário - FII Torre Norte | R$97.00 | 2.1% +R$7.8m | -23.0% | PB0.5x | |
| FPAB11 Fundo de Investimento Imobiliário Projeto Água Branca | R$173.47 | 1.4% +R$1.9m | -9.2% | n/a | |
| ALMI11 Fundo De Investimento Imobiliario Torre Almirante | R$625.00 | 2.5% +R$1.7m | -8.1% | n/a |