Brazilian (BOVESPA) REITS Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies17
- 7D-1.2%
- 3M-2.2%
- 1Y3.7%
- YTD3.7%
Over the last 7 days, the REITS industry has dropped 1.7%, driven by Fundo De Investimento Imobiliário Brasil Varejo declining 11%. As for the longer term, the industry's performance has been flat for the past year.
Industry Valuation and Performance
Has the Brazilian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | R$8.9b | R$526.8m | R$393.7m | 13.2x | 22.5x | 16.8x |
| Sat, 27 Apr 2024 | R$8.6b | R$472.7m | R$339.8m | 22.5x | 25.2x | 18.1x |
| Mon, 25 Mar 2024 | R$8.7b | R$492.3m | R$402.2m | 13.9x | 21.6x | 17.7x |
| Wed, 21 Feb 2024 | R$8.6b | R$492.3m | R$402.2m | 14x | 21.4x | 17.5x |
| Fri, 19 Jan 2024 | R$8.2b | R$492.3m | R$402.2m | 14.1x | 20.4x | 16.7x |
| Sun, 17 Dec 2023 | R$7.5b | R$492.3m | R$402.2m | 13.6x | 18.6x | 15.2x |
| Tue, 14 Nov 2023 | R$7.6b | R$492.3m | R$402.2m | 13.6x | 19x | 15.5x |
| Thu, 12 Oct 2023 | R$7.7b | R$492.3m | R$402.2m | 13.6x | 19.1x | 15.6x |
| Sat, 09 Sep 2023 | R$7.6b | R$420.0m | R$365.7m | 14.9x | 20.8x | 18.1x |
| Mon, 07 Aug 2023 | R$7.6b | R$420.0m | R$365.7m | 15x | 20.8x | 18.1x |
| Wed, 05 Jul 2023 | R$9.1b | R$420.0m | R$365.7m | 15x | 24.8x | 21.6x |
| Fri, 02 Jun 2023 | R$8.8b | R$478.0m | R$374.3m | 13.9x | 23.4x | 18.3x |
| Sun, 30 Apr 2023 | R$8.4b | R$478.0m | R$374.3m | 12.9x | 22.3x | 17.5x |
| Tue, 28 Mar 2023 | R$7.9b | R$480.7m | R$396.0m | 9.8x | 20.1x | 16.5x |
| Thu, 23 Feb 2023 | R$24.7b | R$1.7b | R$1.1b | 12.3x | 23x | 14.6x |
| Sat, 21 Jan 2023 | R$25.2b | R$1.7b | R$1.1b | 12.6x | 23.4x | 14.9x |
| Mon, 19 Dec 2022 | R$23.6b | R$312.4m | R$276.9m | 9.3x | 85.1x | 75.4x |
| Wed, 16 Nov 2022 | R$25.0b | R$312.4m | R$276.9m | 10x | 90.2x | 79.9x |
| Fri, 14 Oct 2022 | R$24.3b | R$312.4m | R$276.9m | 10.6x | 87.6x | 77.7x |
| Sun, 11 Sep 2022 | R$24.1b | R$312.4m | R$276.9m | 10.7x | 86.9x | 77.1x |
| Tue, 09 Aug 2022 | R$22.4b | R$312.4m | R$276.9m | 9.6x | 80.9x | 71.7x |
| Thu, 07 Jul 2022 | R$21.8b | R$312.4m | R$276.9m | 9.7x | 78.9x | 69.9x |
| Sat, 04 Jun 2022 | R$20.5b | R$1.0b | R$868.3m | 8.1x | 23.6x | 20x |
| Mon, 02 May 2022 | R$105.0b | R$1.0b | R$868.3m | 8.1x | 120.9x | 102.6x |
| Wed, 30 Mar 2022 | R$100.9b | R$944.3m | R$873.6m | 8.2x | 115.5x | 106.9x |
| Fri, 25 Feb 2022 | R$99.5b | R$894.0m | R$615.3m | 8.4x | 161.7x | 111.3x |
| Sun, 23 Jan 2022 | R$101.9b | R$776.0m | R$533.3m | 8x | 191.1x | 131.3x |
| Tue, 21 Dec 2021 | R$98.5b | R$635.5m | R$703.9m | 12x | 139.9x | 155x |
| Thu, 18 Nov 2021 | R$21.4b | R$857.7m | R$1.0b | 8.8x | 20.7x | 25x |
| Sat, 16 Oct 2021 | R$23.2b | R$857.7m | R$1.0b | 10x | 22.4x | 27x |
| Mon, 13 Sep 2021 | R$21.8b | R$1.9b | R$2.4b | 7.9x | 9.2x | 11.6x |
| Wed, 11 Aug 2021 | R$2.5b | R$243.5m | R$232.2m | 6.7x | 10.7x | 10.2x |
| Sun, 06 Jun 2021 | R$2.6b | R$243.5m | R$232.2m | 7.1x | 11.4x | 10.9x |
Price to Earnings Ratio
11.4x
Current Industry PE
- Investors are pessimistic on the Brazilian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 22.7x which is lower than its 3-year average PE of 49.4x.
- The 3-year average PS ratio of 41.2x is higher than the industry's current PS ratio of 17.0x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 29% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Brazilian Real Estate industry?
| BR Market | -1.50% | |
| Real Estate | -0.15% | |
| REITS | -1.23% | |
| Specialized REITs | 0.20% | |
| Retail REITs | 0.067% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Office REITs | -0.03% | |
| Industrial REITs | -0.083% | |
| Healthcare REITs | -0.45% | |
| Diversified REITs | -1.23% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 18.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 46.8x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KNRI11 Kinea Renda Imobiliária Fundo de Investimento Imobiliário | R$160.15 | 0.6% +R$22.9m | 5.7% | PB1x | |
| JSRE11 JS Real Estate multigestão - FII fund | R$68.88 | 0.7% +R$10.0m | -5.1% | PB0.6x | |
| BCIA11 Bradesco Carteira Imobiliaria Ativa Fundos de Investimento Imobiliario | R$107.20 | 2.3% +R$8.9m | 18.9% | n/a | |
| VSHO11 FII Votorantim shopping | R$73.58 | 3.6% +R$5.4m | 5.4% | n/a | |
| RNGO11 Fundo de Investimento Imobiliário Rio Negro | R$49.47 | 2.1% +R$2.7m | 0.1% | n/a |