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Brazilian (BOVESPA) Office REITs Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies19
- 7D-0.5%
- 3M-11.5%
- 1Y-21.3%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 1.5%, driven by BB Progressivo II Fundo de Investimento Imobiliário - FII declining 5.2%. However, the industry is down 22% over the past year.
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, 22 Dec 2024 | R$6.9b | R$416.3m | R$101.1m | 15.9x | 68.4x | 16.6x |
| Tue, 19 Nov 2024 | R$7.4b | R$515.9m | R$162.3m | 8.9x | 45.4x | 14.3x |
| Thu, 17 Oct 2024 | R$7.4b | R$515.9m | R$162.3m | 9.4x | 45.5x | 14.3x |
| Sat, 14 Sep 2024 | R$7.6b | R$515.9m | R$162.3m | 10.2x | 47.1x | 14.8x |
| Mon, 12 Aug 2024 | R$7.8b | R$515.9m | R$162.3m | 10.4x | 47.8x | 15x |
| Wed, 10 Jul 2024 | R$7.7b | R$515.9m | R$162.3m | 10.2x | 47.2x | 14.8x |
| Fri, 07 Jun 2024 | R$8.0b | R$722.7m | R$436.6m | 8.2x | 18.4x | 11.1x |
| Sun, 05 May 2024 | R$8.2b | R$451.3m | R$406.3m | 8.3x | 20.1x | 18.1x |
| Tue, 02 Apr 2024 | R$8.5b | R$468.8m | R$397.1m | 8x | 21.4x | 18.1x |
| Thu, 29 Feb 2024 | R$8.4b | R$468.8m | R$397.1m | 8x | 21.2x | 17.9x |
| Sat, 27 Jan 2024 | R$8.7b | R$482.8m | R$423.4m | 7.3x | 20.5x | 18x |
| Mon, 25 Dec 2023 | R$8.5b | R$482.8m | R$423.4m | 6.9x | 20.1x | 17.6x |
| Wed, 22 Nov 2023 | R$8.2b | R$485.5m | R$427.1m | 6.7x | 19.1x | 16.8x |
| Fri, 20 Oct 2023 | R$8.1b | R$485.5m | R$427.1m | 6.7x | 19x | 16.7x |
| Sun, 17 Sep 2023 | R$8.5b | R$485.5m | R$427.1m | 6.8x | 19.9x | 17.5x |
| Tue, 15 Aug 2023 | R$8.7b | R$388.0m | R$285.7m | 6.6x | 30.4x | 22.4x |
| Thu, 13 Jul 2023 | R$8.6b | R$208.6m | R$285.5m | 6.7x | 30.2x | 41.4x |
| Sat, 10 Jun 2023 | R$8.0b | R$466.3m | R$421.2m | 7x | 19.1x | 17.2x |
| Mon, 08 May 2023 | R$7.6b | R$612.2m | R$244.3m | 6.7x | 30.9x | 12.3x |
| Wed, 05 Apr 2023 | R$7.1b | R$625.4m | R$205.5m | 12.2x | 34.3x | 11.3x |
| Fri, 03 Mar 2023 | R$7.3b | R$849.2m | R$390.9m | 10.3x | 18.7x | 8.6x |
| Sun, 29 Jan 2023 | R$7.6b | R$849.2m | R$390.9m | 10.8x | 19.4x | 8.9x |
| Tue, 27 Dec 2022 | R$7.7b | R$543.8m | R$353.6m | 8.9x | 21.7x | 14.1x |
| Thu, 24 Nov 2022 | R$7.9b | R$270.8m | R$269.2m | 5.8x | 29.5x | 29.3x |
| Sat, 22 Oct 2022 | R$8.4b | R$270.8m | R$269.2m | 6.3x | 31.4x | 31.2x |
| Mon, 19 Sep 2022 | R$8.4b | R$270.8m | R$269.2m | 6.3x | 31.2x | 31x |
| Wed, 17 Aug 2022 | R$8.1b | R$270.8m | R$269.2m | 6.1x | 30.2x | 30.1x |
| Fri, 15 Jul 2022 | R$7.5b | R$270.8m | R$269.2m | 5.6x | 27.8x | 27.6x |
| Sun, 12 Jun 2022 | R$7.9b | R$691.3m | R$551.1m | 7.2x | 14.4x | 11.4x |
| Tue, 10 May 2022 | R$7.9b | R$691.3m | R$551.1m | 7x | 14.3x | 11.4x |
| Thu, 07 Apr 2022 | R$8.2b | R$691.3m | R$551.1m | 7x | 14.9x | 11.9x |
| Sat, 05 Mar 2022 | R$7.9b | R$632.5m | R$373.5m | 7.1x | 21.1x | 12.4x |
| Mon, 31 Jan 2022 | R$8.1b | R$632.5m | R$373.5m | 7.4x | 21.7x | 12.8x |
| Wed, 29 Dec 2021 | R$8.3b | R$256.9m | R$247.7m | 8x | 33.3x | 32.1x |
Price to Earnings Ratio
33.3x
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 67.3x which is higher than its 3-year average PE of 27.4x.
- 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 26% per year over the last three years.
- Meanwhile revenues for these companies have grown 17% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Brazilian Office REITs compare with similar industries?
| BR Market | -2.98% | |
| Real Estate | -1.24% | |
| REITS | -0.22% | |
| Office REITs | -0.47% | |
| Specialized REITs | 2.00% | |
| Healthcare REITs | 0.70% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Diversified REITs | -0.22% | |
| Industrial REITs | -0.44% | |
| Retail REITs | -2.46% | |
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 | |
|---|---|---|---|---|---|
| TRNT11 Fundo de Investimento Imobiliário - FII Torre Norte | R$124.98 | 3.3% +R$15.7m | -0.8% | PB0.6x | |
| HGRE11 CSHG Real Estate - Fundo de Investimento Imobiliario - FII | R$99.98 | 1.3% +R$15.2m | -24.3% | n/a | |
| RBVA11 Fundo Invest Imobiliario Agencias Caixa - FII Fund | R$82.96 | 1.2% +R$15.0m | -27.0% | n/a | |
| BRCR11 Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund | R$40.47 | 0.8% +R$8.8m | -32.6% | PB0.5x | |
| RMAI11 Domo Fundo de Investimento Imobiliário - FII | R$75.02 | 0.7% +R$1.3m | 20.0% | n/a |