Investors of 40 FIIs will get extra dividends in January; check the list and who is eligible for income

study of Money info points out that 40 real estate funds will pay more dividends in January 2023 than the amount transferred in the previous month. The survey is based only on the 111 FIIs that make up the Ifix – index of the most traded real estate funds on B3.

The returns refer to operations in the month of December, the month traditionally characterized by an increase in the transfers of funds to shareholders. Only investors with a position at the end of 2022 will be eligible for this month’s dividends.

The justifications for the increase in dividends can be diverse and range from the transfer of the readjustment in leasing contracts to the operational seasonality of portfolios. Mall funds, for example, receive a portion of store sales and as a result end up increasing revenues during peak consumption periods, such as at the end of the year.

But the main factor for the jump in dividends in December is the passing on of accumulated earnings that until then had not been distributed. By law, a real estate fund is obliged to pay at least 95% of the profit earned to its shareholders every six months – even if most portfolios opt for the partial transfer of this profit each month. The fee withheld during the period is normally paid exactly at the end of each semester.

This is the case of CSHG Renda Urbana (HGRU11) which, after having sold a series of properties in recent months, has distributed the capital gain realized under management. On the following 13th, the fund will pay R$ 2 per share, an amount R$ 1.18 higher than that paid by the fund. In percentage terms, the highlight was REC Logística (RELG11), which presented a 179% increase in returns announced between November and December – and paid in the following months. Check out the full list.

Source: CVM

FII Hedge Office Income did not distribute or announce dividends in November.

The managers reiterate that the increase in dividends at the turn of the semester is extraordinary, ie after the period the transferred proceeds tend to return to the levels observed in the previous months.

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ifix today

In this Wednesday’s session (4), the Ifix closed down by 0.29%, at 2,846 points. Discover the other highlights of the day:

1.51

-2.93

Source: B3

VCRR11 properties have a high fair value; HBCR11 new offer

Discover the latest information released by real estate funds in relevant facts

VCRR11 properties have a fair value increased by 7.8%

A report by Colliers International do Brasil, a real estate consultancy, indicates a 7.8% increase in the fair value of Vectis Renda Residencial properties.

The revaluation represents a 6.9% increase in the fund’s net assets, considering the value of the portfolio share traded at the end of 2022.

Currently, the VCRR11 portfolio consists of four properties which, together, achieve a gross leasable area (GLA) of 12,171 square metres.

All spaces are located in the city of São Paulo and are under construction. The delivery deadline, according to the fund’s latest management report, varies between the first and second half of 2023.

HBCR11 wants to raise nearly BRL 63 million in a new offering

FII HBC Renda Urbana has approved the fund’s second unit issue, which intends to raise BRL 62.9 million, reports a material fact disclosed by the portfolio.

According to the press release, the unit value for the subscription of new shares has been set at R$ 104.90. There will be no distribution fee.

At the opening of the session this Wednesday (4), HBCR11 shares were trading at R $ 115. The share value of the fund – a sort of fair value – is R $ 105.15 per share.

The FII HBC Renda Urbana press release does not mention pre-emption rights for the current shareholders of the fund.

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