Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund (BOVESPA:BRCR11) - Stock Price, News & Analysis

BRCR11 Stock Overview

A real estate investment trust co-launched by BTG Pactual Serviços Financeiros and BTG Pactual Gestora de Recursos Ltda. More details

BRCR11 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 44.9% below our estimate of its fair value

Risk Analysis

Earnings have declined by 13.3% per year over past 5 years

Dividend of 12.73% is not well covered by earnings or free cash flows

Profit margins (13.7%) are lower than last year (56.5%)

Large one-off items impacting financial results

Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund Competitors

Fundo de Investimento Imobiliário - FII Torre Norte

BOVESPA:TRNT11

R$472.2m

Fundo de Investimento Imobiliario - FII Edificio Galeria

BOVESPA:EDGA11

R$67.9m

JS Real Estate multigestão - FII fund

BOVESPA:JSRE11

R$1.3b

Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário

BOVESPA:MFII11

R$419.2m

Price History & Performance

Summary of all time highs, changes and price drops for Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund
Historical stock prices
Current Share Price	R$43.60
52 Week High	R$61.60
52 Week Low	R$42.15
Beta	0.39
11 Month Change	-2.02%
3 Month Change	-13.75%
1 Year Change	-27.33%
33 Year Change	-30.94%
5 Year Change	n/a
Change since IPO	-55.68%

Recent updates

Shareholder Returns

	BRCR11	BR Office REITs	BR Market
7D	2.9%	1.7%	0.9%
1Y	-27.3%	-11.8%	-0.4%

Return vs Industry: BRCR11 underperformed the BR Office REITs industry which returned -11.7% over the past year.

Return vs Market: BRCR11 underperformed the BR Market which returned -0.3% over the past year.

Price Volatility

Is BRCR11's price volatile compared to industry and market?
BRCR11 volatility
BRCR11 Average Weekly Movement	1.8%
Office REITs Industry Average Movement	2.2%
Market Average Movement	4.4%
10% most volatile stocks in BR Market	8.1%
10% least volatile stocks in BR Market	2.3%

Stable Share Price: BRCR11 has not had significant price volatility in the past 3 months compared to the BR market.

Volatility Over Time: BRCR11's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2007	n/a	n/a	www.bcfund.com.br/bcfund/web/conteudo_en.asp?idioma=1&conta=44&tipo=47091

Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund is a real estate investment trust co-launched by BTG Pactual Serviços Financeiros and BTG Pactual Gestora de Recursos Ltda. The fund is managed by BTG Pactual Serviços Financeiros. The fund invests in the real estate markets of Brazil.

Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund Fundamentals Summary

How do Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund's earnings and revenue compare to its market cap?
BRCR11 fundamental statistics
Market cap	R$1.16b
Earnings (TTM)	R$52.53m
Revenue (TTM)	R$384.15m

22.1x

P/E Ratio

3.0x

P/S Ratio

Is BRCR11 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BRCR11 income statement (TTM)
Revenue	R$384.15m
Cost of Revenue	R$122.54m
Gross Profit	R$261.61m
Other Expenses	R$209.08m
Earnings	R$52.53m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.97
Gross Margin	68.10%
Net Profit Margin	13.68%
Debt/Equity Ratio	4.8%

How did BRCR11 perform over the long term?

See historical performance and comparison

Dividends

12.7%

Current Dividend Yield

129%

Payout Ratio

Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund BOVESPA:BRCR11 Stock Report