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Ifix records the thirteenth session followed by the gain; FII VIFI11 is a high profile file

Ifix – an index that aggregates the most actively traded real estate funds on B3 – closed Monday’s session (22) up 0.23% at 2,929 points. Yanshi Financial Instruments Fund (VIFI11) topped the list of the highest increases in the trading session, with an increase of 3.46%. Check out the rest of today’s highlights around FII Center.

FII BlueCap Director Renda Logística (BLCP11) – BTG Pactual – reported that the court overturned the decision that halted the effects of the fund’s Extraordinary General Meeting (AGE), which approved the portfolio merger by BTG Pactual Logística ( BTLG11). With that, there will be no more hurdles to embark on the integration process.

The AGE was held on August 5, but the fund’s manager, Bluecap Gestão de Recursos, obtained an injunction to suspend the meeting’s deliberations. At the session, the major shareholder – with 72% of the shares – voted to approve the merger of FIIs.

In the fund’s latest statement, issued last Friday (19), the Director General confirmed the cancellation of the decision. The manager even tried a new feature, pointed to the text, but it didn’t work.

“The manager and the fund submitted a statement requesting that the manager’s request not be accepted,” the statement permeates. “During the day [sexta-feira (19)] A decision to refuse a request for an injunction was issued by the director,” the text completes.

The relevant fact reminds us that the new court decision nullifies only the injunction obtained by BlueCap Gestão de Recursos and not the action initiated by the Director, which is still pending in the First Business Court and arbitration dispute of the Court of Justice of São Paulo.

Among other points, the director sees a conflict of interest in the fund’s merger proposal by BTG Pactual Logística and states that the disclosure of investors advocating for the merger was not made in sufficient time for the AGE holding that discussed the title.

Read more:

Monday’s Biggest Highs (22):

ribbon Noun section Variance (%)
VIFI11 Vinci Financial Tools Nicknames and Val. Home furniture 3.46
CPFF11 Major Rhett hybrid 2.56
RBVA11 Retail Sales Income Rio Bravo Aharon 2.55
Fino 11 Yenchee offices corporate panels 1.91
HCTR11 Hectare Aharon 1.84

The biggest victims of this Monday (22):

ribbon Noun section Variance (%)
BPFF11 Absolute plural form in Brazil Nicknames and Val. Home furniture -2.78
RBRP11 RBR . properties Aharon -2.17
MGFF11 Magani Nicknames and Val. Home furniture -1.74
SARE11 Santander income hybrid -1.46
11 . care Brazilian cemetery and death care Aharon -1.19

Source: B3

Discover the step-by-step guide to living on income with FIIs and receiving your first rent in your account in the next few weeks, without the need to own property, in a free semester.

RELG11 renews with one more tenant; BRLA11 completes the purchase of a property in Espiritu Santo

Check the latest information released by real estate funds in the relevant facts:

REC Logística (RELG11) renews with another tenant and maintains vacancy below 3%

Last Friday (19), FII REC Logística renewed its lease agreement with Technology, Knowledge and Information, which operates warehouses 04 and 05 of REC Log Queimados, in the state of Rio de Janeiro.

Under the new agreement, the contract will expire in March 2023 for shed 04 and March 2025 for shed 05, according to a material fact revealed by the fund.

According to the statement, the space rented by the company is 3 thousand square meters, and the renewal is expected to be the same value as the original contract.

With the contract renewal, REC Logística’s vacancy rate remained unchanged at 2.68%, indicating the portfolio management team.

Last week, the fund had already announced the renewal of the lease agreement with Máxima Logística e Distribuição, which occupies position A in REC Log Extrema, in the state of Minas Gerais.

He has a net worth of R$159 million, and the fund’s portfolio consists of five properties that collectively add up to a gross leasable area (GLA) of 97,000 square metres. The spaces are located in São Paulo, Minas Gerais, Bahia and Rio de Janeiro.

In August, REC Logística deposited REC 0.94 per share, equivalent to a monthly dividend yield of 1.18%.

BRL Prop II (BRLA11) completes the purchase of a property worth R$16.6 million in Espírito Santo

FII BRL Prop II completed, last Friday (19), the purchase of a property of 58 thousand square meters in the municipality of Viana, State of Espírito Santo. The fund paid 16.6 million Brazilian reals for the place.

The site is undergoing conditioning work to receive Extrafruti, a fruit and vegetable trade, which already has a signed lease agreement with the fund.

According to a notice to the market, the work should be completed in February 2023 and the company will pay a monthly rent of R$395,000.

With assets of R$ 360 million, BRL Prop II currently owns three properties located in Minas Gerais and Mato Grosso.

Last Friday (19), the fund deposited 1.09 Brazilian reais per share, which equates to a monthly return with a dividend of 0.78%. At 12 months, the rate was 8.85%.

Today’s earnings

Check out the five funds that distribute income on Mondays (22):

ribbon background performance
ELDO11B Eldorado 6.93 Brazilian Real
SIGR13 SIG . powder receivable 1.40 Brazilian Real
SIGR14 SIG . powder receivable 1.40 Brazilian Real
SIGR15 SIG . powder receivable 1.40 Brazilian Real
SIGR16 SIG . powder receivable 1.40 Brazilian Real
SIGR17 SIG . powder receivable 1.40 Brazilian Real
SIGR18 SIG . powder receivable 1.40 Brazilian Real
MCHY11 Mawa’s high productivity 1.40 Brazilian Real
MCHY13 Mawa’s high productivity 1.40 Brazilian Real
MCHY14 Mawa’s high productivity 1.40 Brazilian Real
MATV13 More active management 1.10 Brazilian Real
MATV11 More active management 1.10 Brazilian Real
MATV14 More active management 0.48 Brazilian Real
SIGR19 SIG . powder receivable 0.46 Brazilian Real
RBRX11 RBR Plus Multi 0.29 Brazilian Real
RBRX14 RBR Plus Multi 0.29 Brazilian Real

Source: InfoMoney. Pointers with an ending other than 11 indicate receipts and subscription rights to funds.

Giro Imobiliário: IPCA projection in 2022 drops below 7%; Dividends from hotels FIIs appear again

Focus report: Inflation forecast for 2022 drops below 7%

The financial market started valuing the IPCA below 7% this year and also lowered from 2023 (interrupting 18 consecutive weeks of rally), data from Focus Report released on Monday (22) shows.

The forecast for the IPCA (wide consumer price index) this year fell from 7.02% to 6.82% in one week (a month ago it was 7.30%). The second dropped from 5.38% to 5.33% (four weeks ago it was 5.30%). For 2024 and 2025, expectations remained at 3.41% and 3.00%.

Despite downward revisions to inflation this and next year, it is still well above the central bank’s target (3.5% and 3.25%, respectively). With a variance of 1.5 percentage points, the target will be met if the IPCA remains between 2% and 5% in 2022 and between 1.75% and 4.75% in 2023.

Therefore, if the scenario predicted by more than 100 financial institutions consulted occurs, the BC target will be missed for three consecutive years (in 2021, the official inflation index in Brazil closed the year at 10.06%).

The market also expects the IPCA to be above the target center in 2024 (the target is 3.00%, also by a margin of 1.5 percentage points, which means that it will be achieved if it remains between 1.5% and 4, 5%). This indicates a broader incoherence of market expectations regarding BC projections.

The market forecast this year (6.82%) now corresponds to the expectations of the Monetary Authority (6.8%), but remains very far from the BC scenario for both 2023 and 2024 (the market expects 5.33% and 3.41% against 4.6%. And 2.7% for the institution).

Hotel profit returns from FIIs are showing up again; Is it time to check in on HTMX11, XPHT11 or MGHT11?

Andre Bachi, an investor who has lived off the profits of real estate funds since he was 33, revealed in a recent interview with the program. FIIs . University – produced by Infomoney – To lovingly watch the FII constants of hotels. His comment drew attention, as the sector was one of the sectors most affected by the restrictions imposed by the Covid-19 pandemic. Bachi believes that as this segment is slowly returning to normal, FII should benefit from focusing on it.

Analysis shows that profits distributed by hotel FII companies, in fact, have already begun to appear again. But the financial position of the funds and the specifics of the sector should not be ignored.

Currently, three real estate funds represent the B3 hotel sector and face different situations, particularly with regard to dividends – one of the main objectives of FII investors – and stock appreciation.

“During the pandemic, this sector has shown a sudden drop in revenue and a significant increase in expenditures,” assesses Luis Nouen, an analyst at Levante Investimentos. “Since then, some funds have focused more on realigning their financial results, while others have chosen to maintain recurring distribution.”

IFI Maxinvest Hotel (HTMX11)for example, has not distributed the income to shareholders since February 2020.

Already XP Hotels (XPHT11) It suspended dividends in 2021, but resumed transfers this year. Currently, the rate of return is recorded by dividends (profit return) 1.29% in 12 months.

The only one that maintained distribution during the pandemic was Mahogany (MGHT11) Hotelswhich contains the file profit return Approximately 9.7% have accumulated in the last 12 months. On the other hand, its shares are still facing a sharp devaluation, exceeding 30% in the same period. It is the opposite of market pairs, which actually recover a large part of losses or even accumulate gains.

Check the details for the three hotel FII indicators currently available in B3:

ribbon background Shareholders Performance at 12 months (%) Dividend Yield in 12 Months (%) net value
XPHT11 XP . Hotels 1,254 24.44 1.29 357 million Brazilian real
HTMX11 Maxinvest Hotel 22402 -3.78 164 Million Brazilian Real
MGHT11 Mahogany Hotels 1,039 -30.54 13.91 112 million Brazilian Real

Source: StatusInvest

Discover the step-by-step guide to living on income with FIIs and receiving your first rent in your account in the next few weeks, without the need to own property, in a free semester.

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