1. Brazil Stocks

  2. •

    Real Estate

  3. •

    REIT - Office
Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund

Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund

BRCR11.SA
Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office FundBR flagB3 S.A.
42.27
BRL
-0.21
- -
1.13BMarket Cap
Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund
BRCR11.SA
(B3 S.A.)

Recent

price

42.27

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
13.19
17.92
31.04
11.43
10.03
8.37
64.65
7.18
8.19
8.26
8.4
34.85
- -
5.99
Revenue per Share
15.76
6.79
-0.75
-10.68
21.08
5.73
4.8
6
3.76
-0.06
3.71
2.07
- -
1.76
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
10.53
12.36
12.31
14.32
6.88
4.41
14.13
5.3
5.69
5.82
- -
- -
- -
- -
Dividend per Share
115.27
110.82
123.66
89.68
95.44
92.95
112.34
109.53
107.63
101.8
100.3
96.44
- -
97.07
Book Value per Share
172.22
166.79
153.63
111.48
126.74
127.88
113.34
110.02
107.99
102.23
100.73
86.19
- -
86.82
Tangible Book Value per Share
19
19
19
19
19
19
23
27
27
27
27
27
- -
27
Basic Weighted Avg Shares
256
348
602
222
195
162
1,482
191
218
220
224
928
185
160
Sales/Revenue/Turnover
77.36
59.16
35.61
75.63
70.54
63.66
-0.95
79.43
78.54
77.58
79.2
12.71
79.91
56.33
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
306
132
-15
-207
409
111
110
160
100
-2
99
55
107
47
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
119.46
37.88
-2.42
-93.48
210.23
68.39
7.43
83.51
45.92
-0.71
44.17
5.94
57.78
29.38
Profit Margin (%)
597
566
791
324
223
53
366
260
-18
-452
-557
-91
-249
-66
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
3,342
3,237
2,982
2,164
2,460
2,482
2,597
2,931
2,877
2,723
2,683
2,296
2,279
2,313
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
7.63
- -
- -
24
8.11
5.69
6.58
5.48
4.67
8.84
4.18
5.76
3.06
Return on Capital (%)
- -
6.01
-0.64
-10.02
22.78
6.08
5.03
5.82
3.46
-0.06
3.67
2.11
4.17
1.77
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
27
27
Market Capitalization
1,272
1,107
1,066

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
156
92
95
Cash, Cash Equivalents & STI
25
33
24
Accounts Receivable, Net
127
15
29
Inventories
- -
- -
- -
Total Current Liabilities
172
183
161
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.92%
-4.76%
-0.72%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-548.5%
-1,296.08%
93.41%
Sales/Revenue/Turnover
88.42%
50.27%
-80.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
50
58
57
59
224
2024
813
39
43
34
928
2025
45
- -
- -
- -
185

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.26
- -
- -
- -
3.71
2024
1.39
- -
- -
- -
2.07
2025
1.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Similar Companies
IREIT Global (UD1U.SI)
Great Portland Estates Plc (GPOR.L)
alstria office REIT-AG (ALSRF)
Australian Unity Office Fund (AOF.AX)
Sentral REIT (5123.KL)
Hudson Pacific Properties, Inc. (HPP)
Business
Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund (BRCR11.SA) operates as a closed-end real estate investment trust that invests primarily in high-quality corporate office properties in Brazil, focusing on triple-A standard buildings in key markets such as São Paulo and Rio de Janeiro; its core portfolio includes commercial properties like the EZ Towers, Sucupira building, and BFC building, acquired for long-term leasing, rental income generation, and potential sale, along with related property rights and other eligible real estate assets as defined in its regulations. Managed by BTG Pactual Serviços Financeiros S.A. Distribuidora de Títulos e Valores Mobiliários, with BTG Pactual Gestora de Recursos Ltda. as co-launcher, the fund targets institutional and retail investors seeking exposure to the Brazilian office real estate sector through shares traded on B3 S.A. - Brasil, Bolsa, Balcão under the BRCR11 ticker, offering monthly distributions of at least 95% of semi-annual net income calculated on a cash basis. Established in 2007 following CVM authorization on June 21, with headquarters in Brazil and an indefinite duration, the fund maintains a management fee of 0.25% per annum on market value and an adviser fee of 1.5% on market capitalization. Recent operational enhancements include new leases totaling nearly 9,000 square meters in the EZ Towers building with multinational tenants from technology and civil aviation sectors, boosting occupancy to nearly 80% from prior levels around 50-23% vacancy reduction, alongside ongoing negotiations to exceed 80% occupancy and consistent monthly dividend payouts such as R$0.41 per share in October and November 2025.