Ifix closed the week down by 0.62%; FII BLMG11 rises by 4.6% and stands out in the session

The Ifix – index of the most traded real estate funds on the Stock Exchange – closed this Friday’s session (6) with a drop of 0.23%, to 2,849 points. For the week, the indicator has accumulated losses of 0.62%. FII Bluemacaw Logística (BLMG11) topped the list of the day’s biggest earners, up 4.65%. Check out the other auction highlights:

Highest highs this Friday (6):

Major casualties this Friday (6):

Source: B3

dividends today

This Friday’s (06) session kicked off with the first round of dividend distributions for 2023. 26 real estate funds deposited earnings to shareholders during the day.

The ability to receive monthly dividends is one of the great attractions of FIIs, which currently have nearly 2 million investors in the country. The resource is exempt from income tax, another benefit of the product.

In 2022 Riza Akin (RZAK11) was the largest dividend payer among the FIIs that are part of Ifix – index of the most traded real estate funds on the stock exchange. The portfolio has shown a dividend yield (dividend yield) by nearly 19% over the period.

Today, the dividends paid ranged from R$ 0.07 per share to R$ 12 per share, as in the case of Brio Crédito Imobiliário (BICE11).

Looking at Ifix FIIs alone, the highlight of the day was Átrio Reit Recebíveis (ARRI11), which pays investors BRL 0.13 per share. The amount represents a dividend yield 1.40% monthly.

See the full list of funds that distributed revenue this Friday (06):

Source: StatusInvest

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RZAK11’s new offer aims to raise up to R $ 300 million; TEPP11 properties have a fair price increased by 5.81%

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

RZAK11 wants to raise up to BRL 300 million in a new offering

FII Riza Akin has approved the fourth issue of units of the fund, which initially intends to raise R$ 300 million, according to a material fact disclosed by the portfolio.

According to the statement, the unit value of the new shares has been set at R$ 92.64 and the distribution fee will be R$ 3.25, for a total of a subscription price of R$ 95.89.

In this Friday’s (6th) session, RZAK11 shares traded for R$ 101.49. The equity value of the fund – a sort of fair value – is R$ 92.64.

Also according to the material fact, the shareholders of the fund will have the right of first refusal in the offer, to the extent of 68%.

With assets of R$ 360 million, the fund mainly invests in real estate credit certificates (CRI), which currently represent 85.60% of the portfolio. The other resources are allocated in units of other FIIs.

Currently 60.5% of the securities are indexed to the CDI rate and 39.8% to the IPCA, as indicated in the latest management report released by the fund.

In the document, Riza Akin’s management team expresses a positive view for a higher allocation in securities indexed to the CDI rate, which follows the economy’s base interest rate, the Selic, which was held at 13.75% per annum at the December meeting of the Monetary Policy Committee (Copom) of the Central Bank.

TEPP11 properties have a fair price increased by 5.81%

Cushman & Wakefield, a real estate consultancy firm, has completed the revaluation of the properties of FII Tellus Properties and indicated a 5.81% increase in the fair price of the spaces.

Recently included in the theoretical portfolio of Ifix, the fund holds stakes in five properties located in San Paolo (SP). The portfolio’s gross leasable area (GLA) is 37,000 square feet and the portfolio’s vacancy rate is 14.64%.

According to a statement by the fund to the market, the portfolio appreciation represents a 6.23% increase in the asset value of the fund’s unit, based on the close on December 30, 2022.

Focused on the corporate slabs segment, TEPP11 deposits R$ 0.51 per share next week, an amount which represents a dividend yield monthly rate of 0.76%. In 12 months the percentage is 8%.

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Giro Immobiliare: four reasons to invest in FIIs in 2023, even with a fixed income yield of 13.75% per annum

Is it worth investing in real estate funds when fixed income investments pay 13.75% a year? The question became recurring among investors in the last months of 2022 and is repeated in the new year. After all, why invest in FIIs if there are profitable and less risky options on the market?

For Marcos Baroni, head of real estate fund research at Suno and a leading product specialist, the answer to the above dilemma involves understanding the goals of an FII portfolio.

“Real estate funds were not made to have an explosion of income”, explains Professor Baroni, as is well known. “FIIs aim to offer investors asset protection, monthly income generation and a resilient portfolio.”

According to the specialist’s assessment, the product has delivered what its characteristics promise and, therefore, remains a good investment alternative for 2023, even in the face of increasingly strong competition from fixed income.

To reinforce the thesis, he describes four factors that stimulate investment in real estate funds, especially in a year that promises to be quite challenging for investors.

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