Announcement • May 05
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on May 15, 2026 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 0.9100 per share payable on May 15, 2026, ex-date on May 04, 2026 and record date on April 30, 2026. Announcement • Apr 02
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on April 15, 2026 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0600 per share payable on April 15, 2026, ex-date on April 01, 2026 New Risk • Apr 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Revenue has declined by 56% over the past year. Minor Risk Market cap is less than US$100m (R$420.5m market cap, or US$81.5m). Announcement • Mar 03
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on March 13, 2026 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0500 per share payable on March 13, 2026, ex-date on March 02, 2026 and record date on February 27, 2026. Announcement • Feb 03
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on February 13, 2026 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0500 per share payable on February 13, 2026, ex-date on February 02, 2026 and record date on January 30, 2026. Announcement • Jan 01
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on January 15, 2026 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0700 per share payable on January 15, 2026, ex-date on January 02, 2026 and record date on December 30, 2025. Announcement • Dec 02
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on December 12, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0700 per share payable on December 12, 2025, ex-date on December 01, 2025 and record date on November 28, 2025. Announcement • Nov 04
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on November 14, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0700 per share payable on November 14, 2025, ex-date on November 03, 2025 and record date on October 31, 2025. Announcement • Oct 03
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on October 14, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0700 per share payable on October 14, 2025, ex-date on October 01, 2025 and record date on September 30, 2025. Announcement • Sep 02
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on September 12, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0600 per share payable on September 12, 2025, ex-date on September 01, 2025 and record date on August 29, 2025. Announcement • Aug 02
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on August 14, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.0600 per share payable on August 14, 2025, ex-date on August 01, 2025 and record date on July 31, 2025. Announcement • Jul 02
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on July 14, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.1100 per share payable on July 14, 2025, ex-date on July 01, 2025 and record date on June 30, 2025. Announcement • Jun 03
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on June 13, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.1000 per share payable on June 13, 2025, ex-date on June 02, 2025 and record date on May 30, 2025. New Risk • May 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Dividend per share is over 10x cash flows per share. Dividend yield: 17% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Dividend per share is over 10x cash flows per share. Revenue has declined by 56% over the past year. Minor Risk Market cap is less than US$100m (R$504.4m market cap, or US$89.3m). Announcement • May 02
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on May 15, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.1000 per share payable on May 15, 2025, ex-date on May 02, 2025 and record date on April 30, 2025. Announcement • Apr 03
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário, Annual General Meeting, Apr 30, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário, Annual General Meeting, Apr 30, 2025. Location: rua funchal, n 418 21 andar, vila olimpia cep 04.551 060, sao paulo Brazil Announcement • Apr 02
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on April 14, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.1100 per share payable on April 14, 2025, ex-date on April 01, 2025 and record date on March 31, 2025. New Risk • Mar 29
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). High level of non-cash earnings (36% accrual ratio). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (R$439.4m market cap, or US$76.3m). Buy Or Sell Opportunity • Mar 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to R$84.60. The fair value is estimated to be R$109, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 81% over the last year. Earnings per share has grown by 89%. Announcement • Mar 05
Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announces Monthly dividend, payable on March 18, 2025 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário announced Monthly dividend of BRL 1.1100 per share payable on March 18, 2025, ex-date on March 05, 2025 and record date on February 28, 2025. Buy Or Sell Opportunity • Jan 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to R$87.21. The fair value is estimated to be R$109, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 81% over the last year. Earnings per share has grown by 215%. Buy Or Sell Opportunity • Dec 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to R$85.22. The fair value is estimated to be R$108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Sep 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (R$416.2m market cap, or US$83.6m). Upcoming Dividend • Nov 24
Inaugural dividend of R$1.24 per share Eligible shareholders must have bought the stock before 01 December 2021. Payment date: 14 December 2021. This is the first dividend for Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário since going public. The average dividend yield among industry peers is 7.2%. Upcoming Dividend • Sep 24
Inaugural dividend of R$1.19 per share Eligible shareholders must have bought the stock before 01 October 2021. Payment date: 15 October 2021. This is the first dividend for Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário since going public. The average dividend yield among industry peers is 6.4%. Upcoming Dividend • Aug 25
Inaugural dividend of R$1.19 per share Eligible shareholders must have bought the stock before 01 September 2021. Payment date: 15 September 2021. This is the first dividend for Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário since going public. The average dividend yield among industry peers is 6.7%. Upcoming Dividend • Jun 24
Inaugural dividend of R$0.92 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 14 July 2021. This is the first dividend for Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário since going public. The average dividend yield among industry peers is 6.6%. Upcoming Dividend • May 25
Inaugural dividend of R$0.91 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 15 June 2021. This is the first dividend for Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário since going public. The average dividend yield among industry peers is 6.6%. Upcoming Dividend • Mar 25
Inaugural dividend of R$1.01 per share Eligible shareholders must have bought the stock before 01 April 2021. Payment date: 15 April 2021. This is the first dividend for Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário since going public. The average dividend yield among industry peers is 8.5%. Is New 90 Day High Low • Mar 02
New 90-day low: R$123 The company is down 5.0% from its price of R$130 on 02 December 2020. The Brazilian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 2.0% over the same period. Upcoming Dividend • Dec 24
First Dividend Is R$1.12 Per Share Will be paid on the 15th of January to those who are registered shareholders by the 31st of December. This is the first dividend for Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário since going public. The average dividend yield among industry peers is 9.0%. Upcoming Dividend • Nov 24
First Dividend Is R$1.10 Per Share Will be paid on the 14th of December to those who are registered shareholders by the 1st of December. This is the first dividend for Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário since going public. The average dividend yield among industry peers is 9.9%. Is New 90 Day High Low • Nov 10
New 90-day high: R$133 The company is up 6.0% from its price of R$125 on 12 August 2020. The Brazilian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is flat over the same period. Is New 90 Day High Low • Oct 16
New 90-day high: R$130 The company is up 7.0% from its price of R$121 on 17 July 2020. The Brazilian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 1.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day high: R$127 The company is up 2.0% from its price of R$124 on 02 July 2020. The Brazilian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 6.0% over the same period. 