Valora Re III Fundo De Investimento Imobiliario
BB3:VGIR119.58
BRL
+0.02
(+0.21%)
ISIN
BRVGIRCTF008
Return %
Stock
S&P 500
1Y
2.46
14.20
3Y
-0.64
81.12
5Y
1.54
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.Company Description
- Sector
- Miscellaneous
- Industry
- Investment trusts
- Address
- São Paulo Brazil
- Similar Companies
- Business
- Valora RE III Fundo de Investimento Imobiliario is a Brazil-based closed-end real estate investment trust specializing in structured real estate credit instruments and fixed-income debt securities. Established in 2018 and managed by Valora Gestao de Investimentos in Sao Paulo with administration provided by BTG Pactual Servicos Financeiros in Rio de Janeiro, the fund operates within the Brazilian commercial and residential real estate finance sectors. The fund primarily focuses on originating, structuring, and managing a diversified portfolio of debt securities predominantly pegged to the Brazilian Interbank Deposit Certificate (CDI) benchmark plus an added risk premium. Its primary investment holdings and product offerings encompass investments in senior and mezzanine Real Estate Receivables Certificates (Certificados de Recebiveis Imobiliarios - CRIs) financing residential subdivisions, commercial properties, logistics parks, and corporate assets; allocations in Real Estate Letters of Credit (Letras de Credito Imobiliario - LCIs) and Guaranteed Real Estate Notes (Letras Imobiliarias Garantidas - LIGs); secondary market debt trading and selective investments in quotas of other real estate investment funds; customized structured credit solutions and direct debt origination for real estate developers across Brazil; cash and liquidity management via high-grade bank deposits and sovereign fixed-income instruments; and regular monthly cash dividend distributions to unitholders trading on the B3 exchange. In recent developments, the fund has expanded its total capital base and assets under management through multiple public quota offerings, including its eighth and ninth capital increase issuances, deploying the proceeds into higher-yielding CDI-indexed debt transactions to capitalize on elevated domestic interest rates. Concurrently, the fund has actively rebalanced its portfolio duration, increased collateralization and structural guarantees across existing debtor facilities, and reinforced liquidity and market accessibility for retail investors via its base-ten unit trading structure on the Brazilian exchange.