INSUBCONTINENT EXCLUSIVE:
This small decrease follows several consecutive increases in the first half of 2024
During that period, REITs saw R$ 20 billion in offerings on the B3 stock exchange.REITs continued to advance in July and August, driven by
funds focused on real estate receivables
renewed investor interest in this category
Investment Trusts Face Steepest Decline in Two Years
(Photo Internet reproduction)BTG Pactual has also adopted a conservative approach to its portfolio
assets, they prefer more diversified options
Among brick funds, office-focused REITs have performed the worst, with quotations falling 8.8% this year.However, this decline reflects weak
attractiveness of government bonds, putting REITs at a disadvantage.Higher interest rates have also negatively impacted shopping mall funds,
which have declined 3.7% this year through September.Logistics warehouse funds, a favorite among managers, have remained nearly flat with a
Office REITs show the largest discount between market value and book value at 30%.Logistics funds have a 12% discount, shopping malls 10%,
financial asset funds 9%, and fund of funds 6%
estate receivables funds follow at 12.3%, and urban income funds at 11.5%
Logistics warehouses average 10.3%, corporate slabs 10.5%, and shopping malls 9.1%.
