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Brazilian (BOVESPA) Office REITs Industry Analysis

UpdatedAug 18, 2025
DataAggregated Company Financials
Companies13
  • 7D-0.2%
  • 3M-1.2%
  • 1Y-11.9%
  • YTDn/a

Over the last 7 days, the Office REITs industry has remained flat, although notably Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo gained 8.4%. Unfortunately though, the industry is down 12% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Aug 2025R$3.7bR$73.7mR$46.9m23.3x79.2x50.4x
Wed, 16 Jul 2025R$3.8bR$73.7mR$46.9m24.2x80.7x51.3x
Fri, 13 Jun 2025R$3.8bR$386.2mR$88.3m16.4x42.8x9.8x
Sun, 11 May 2025R$3.7bR$386.2mR$88.3m15.9x41.4x9.5x
Tue, 08 Apr 2025R$6.9bR$416.3mR$101.1m15.5x67.8x16.5x
Thu, 06 Mar 2025R$6.7bR$416.3mR$101.1m15.5x66.1x16x
Sat, 01 Feb 2025R$6.7bR$416.3mR$101.1m15.6x65.8x16x
Mon, 30 Dec 2024R$7.2bR$416.3mR$101.1m16.3x71.6x17.4x
Wed, 27 Nov 2024R$7.6bR$426.5mR$85.7m22.6x88.5x17.8x
Fri, 25 Oct 2024R$7.3bR$515.9mR$162.3m9.2x44.9x14.1x
Sun, 22 Sep 2024R$7.6bR$515.9mR$162.3m9.9x46.5x14.6x
Tue, 20 Aug 2024R$7.8bR$515.9mR$162.3m10.4x47.9x15.1x
Thu, 18 Jul 2024R$7.8bR$515.9mR$162.3m10.6x48.1x15.1x
Sat, 15 Jun 2024R$7.9bR$720.0mR$436.6m7.9x18.1x11x
Mon, 13 May 2024R$8.2bR$451.3mR$406.3m8.3x20.3x18.3x
Wed, 10 Apr 2024R$8.4bR$469.6mR$425.0m8.7x19.7x17.8x
Fri, 08 Mar 2024R$8.5bR$468.8mR$397.1m7.9x21.3x18x
Sun, 04 Feb 2024R$8.7bR$482.8mR$423.4m7.3x20.5x18x
Tue, 02 Jan 2024R$8.6bR$482.8mR$423.4m6.9x20.2x17.8x
Thu, 30 Nov 2023R$8.2bR$485.5mR$427.1m6.7x19.2x16.9x
Sat, 28 Oct 2023R$7.9bR$485.5mR$427.1m6.7x18.6x16.4x
Mon, 25 Sep 2023R$8.6bR$485.5mR$427.1m6.8x20x17.6x
Wed, 23 Aug 2023R$8.4bR$388.0mR$285.7m6.6x29.6x21.8x
Fri, 21 Jul 2023R$8.6bR$252.1mR$296.3m6.6x29.1x34.2x
Sun, 18 Jun 2023R$8.2bR$466.3mR$421.2m7x19.5x17.6x
Tue, 16 May 2023R$7.7bR$612.2mR$244.3m6.8x31.4x12.5x
Thu, 13 Apr 2023R$7.2bR$612.2mR$244.3m6.3x29.5x11.8x
Sat, 11 Mar 2023R$7.3bR$849.2mR$390.9m10.4x18.6x8.6x
Mon, 06 Feb 2023R$7.5bR$849.2mR$390.9m11x19.2x8.8x
Wed, 04 Jan 2023R$7.8bR$849.2mR$390.9m11.4x19.8x9.1x
Fri, 02 Dec 2022R$7.9bR$270.8mR$269.2m5.6x29.5x29.3x
Sun, 30 Oct 2022R$8.4bR$270.8mR$269.2m6.3x31.2x31x
Tue, 27 Sep 2022R$8.5bR$270.8mR$269.2m6.4x31.5x31.3x
Thu, 25 Aug 2022R$8.3bR$270.8mR$269.2m6.3x30.9x30.8x
Price to Earnings Ratio

30.9x


Total Market Cap: R$8.3bTotal Earnings: R$269.2mTotal Revenue: R$270.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Office REITs Industry Price to Earnings3Y Average 36.7x202320242025
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 79.2x which is higher than its 3-year average PE of 36.6x.
  • The industry's 3-year average PS ratio of 19.2x is exceeded by the industry's current PS ratio of 50.4x.
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 Market0.10%
Real Estate1.21%
REITS-0.19%
Office REITs-0.19%
Retail REITs0.21%
Industrial REITs0.21%
Residential REITs0%0
Specialized REITs0%0
Diversified REITs-0.19%
Healthcare REITs-1.31%
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
TRNT11 Fundo de Investimento Imobiliário - FII Torre NorteR$97.672.3%
+R$8.5m		-10.8%n/a
TVRI11 BB Progressivo II Fundo de Investimento Imobiliário - FIIR$90.680.4%
+R$5.9m		-11.3%n/a
NEWU11 Renda de Escritorios Fundo de Investimento Imobiliario - Cotas FundoR$89.995.9%
+R$3.7m		12.5%n/a
XPCM11 XP Macaé Fundo de Investimento Imobiliário - FIIR$8.004.8%
+R$893.4k		-1.0%n/a
EDGA11 Fundo de Investimento Imobiliario - FII Edificio GaleriaR$14.910.8%
+R$457.4k		-22.3%n/a

Latest News

FPAB11
R$215.00
Fundo de Investimento Imobiliário Projeto Água Branca
7D
-10.0%
1Y
-10.4%
BRCR11
R$40.93
Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
7D
-0.4%
1Y
-18.6%
RMAI11
R$80.00
Domo Fundo de Investimento Imobiliário - FII
7D
-1.7%
1Y
12.7%
TVRI11
R$90.68
BB Progressivo II Fundo de Investimento Imobiliário - FII
7D
0.4%
1Y
-11.3%
BBRC11
R$98.34
BB Renda Corporativa Fundo de Investimento Imobiliário - FII
7D
-0.6%
1Y
-13.9%
NEWU11
R$89.99
Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo
7D
5.9%
1Y
12.5%
EDGA11
R$14.91
Fundo de Investimento Imobiliario - FII Edificio Galeria
7D
0.8%
1Y
-22.3%
XPCM11
R$8.00
XP Macaé Fundo de Investimento Imobiliário - FII
7D
4.8%
1Y
-1.0%
PRSV11
R$33.44
Fundo de Investimento Imobiliário Presidente Vargas
7D
1.3%
1Y
-42.4%
RBOP11
R$209.98
Fundo De Investimento Imobiliário Mercantil Do Brasil-fii -Inicio
7D
-0.5%
1Y
-42.9%
VVCO11
R$14.10
XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund
7D
0.1%
1Y
8.5%
TRNT11
R$97.67
Fundo de Investimento Imobiliário - FII Torre Norte
7D
2.3%
1Y
-10.8%