Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund Past Earnings Performance

Past criteria checks 0/6

Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund's earnings have been declining at an average annual rate of -18.6%, while the Office REITs industry saw earnings declining at 0.01% annually. Revenues have been declining at an average rate of 29.2% per year. Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund's return on equity is 2.9%, and it has net margins of 18.2%.

Key information

-18.6%

Earnings growth rate

-20.2%

EPS growth rate

Office REITs Industry Growth	0.06%
Revenue growth rate	-29.2%
Return on equity	2.9%
Net Margin	18.2%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BOVESPA:BRCR11 Revenue, expenses and earnings (BRL Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	374	68	21
30 Jun 24	382	53	21
31 Mar 24	473	129	22
31 Dec 23	205	99	22
30 Sep 23	230	127	24
30 Jun 23	230	131	23
31 Mar 23	134	-11	29
31 Dec 22	139	-2	24
30 Sep 22	134	-31	10
30 Jun 22	133	-21	26
31 Mar 22	184	89	29
31 Dec 21	192	100	29
30 Sep 21	221	185	24
30 Jun 21	220	189	16
31 Mar 21	206	177	5
31 Dec 20	182	160	5
30 Sep 20	166	189	5
30 Jun 20	164	188	8
31 Mar 20	178	221	6
31 Dec 19	1,520	110	5
30 Sep 19	1,523	36	5
30 Jun 19	1,552	27	7
31 Mar 19	1,505	-13	6
31 Dec 18	187	111	8
30 Sep 18	179	416	7
30 Jun 18	165	429	4
31 Mar 18	187	379	6
31 Dec 17	208	409	4
30 Sep 17	227	-58	7
30 Jun 17	248	-44	7
31 Mar 17	293	-197	8
31 Dec 16	295	-207	8
30 Sep 16	674	-119	10
30 Jun 16	665	-129	11
31 Mar 16	668	-16	13
31 Dec 15	668	-15	13
30 Sep 15	305	56	18
30 Jun 15	391	61	11
31 Mar 15	394	119	11
31 Dec 14	405	132	10
30 Sep 14	417	126	3
30 Jun 14	350	138	10
31 Mar 14	345	325	10
31 Dec 13	327	306	10

Quality Earnings: BRCR11 has a large one-off loss of R$116.6M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: BRCR11's current net profit margins (18.2%) are lower than last year (55.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BRCR11's earnings have declined by 18.6% per year over the past 5 years.

Accelerating Growth: BRCR11's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BRCR11 had negative earnings growth (-46.5%) over the past year, making it difficult to compare to the Office REITs industry average (-1.8%).

Return on Equity

High ROE: BRCR11's Return on Equity (2.9%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 16:39
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Edigimar Maximiliano	Bradesco S.A. Corretora de Títulos e Valores Mobiliários
Marcello Milman	BTG Pactual
Giovanni Vescovi	Itau BBA