Investment Básico

FII (Brazilian Real Estate Investment Trust)

FIIs are closed-end funds traded on Brazil's B3 stock exchange. There are two main groups: brick FIIs (which own physical properties — malls, corporate office floors, warehouses, residential buildings) and paper FIIs (which invest in CRIs, LCIs, and other real…

Explanation

FIIs are closed-end funds traded on Brazil’s B3 stock exchange. There are two main groups: brick FIIs (which own physical properties — malls, corporate office floors, warehouses, residential buildings) and paper FIIs (which invest in CRIs, LCIs, and other real estate credit securities). There are also FoFs (funds of funds), which invest in shares of other FIIs.

Income (dividends) is distributed monthly and exempt from income tax for individual investors, as long as the fund has more than 50 shareholders and its shares are traded exclusively on the exchange. The share price can rise or fall with the market, fluctuating like a stock.

Outros terms

Investment
Básico

CRI (Real Estate Receivable Certificate)

A CRI (Certificado de Recebíveis Imobiliários) is issued by securitization companies backed by a pool of real estate receivables (CCIs, long-term lease contracts). An investor…
Investment
Básico

Cap Rate

The cap rate (capitalization rate) is the fundamental metric for evaluating income-producing properties. Formula: Cap Rate = Annual Net Operating Income ÷ Property Value. Net…
Investment
Básico

Logistics Condominium

Logistics condominiums are industrial parks with warehouses for lease or sale, aimed at e-commerce, distribution, light manufacturing, and food service companies. Unlike a conventional warehouse,…