O CNN Brasil Business compiled recommendations from seven brokers and banks with the most suitable real estate funds (FIIs) to invest in November.
Órama, BTG Pactual, XP, Ativa, Terra, Warren, Genial and Banco do Brasil participated in the survey. Among the main funds are Kinea Rendimentos Imobiliários and Bresco Logística, with 4 recommendations.
On the radar in November
For November, the consultants point out some factors that influence the recommendations, such as the maintenance of the Selic rate, which should remain at 13.75% until the 3rd quarter of 2023, when the reduction process will begin.
Another positive factor for the segment is the growth of the Gross Domestic Product (GDP) in 2022. Genial Investimentos estimates that growth this year should be 3% and emphasizes that the job market continues to show resilience, with the services the protagonist of this recovery.
As something negative is the increase in interest rates announced by the European Central Bank – at 75 bps -. In the United States, the economy began to show signs of cooling down, in line with the contractionary monetary policy adopted.
The Fed announced this Wednesday (2) the fourth consecutive increase of 0.75 percentage point in US interest, which makes the rate pass the range of 3.75% to 4% per year.
See what analysts said about the FIIs with the highest recommendations for November.
Kinea Real Estate Income
ticker: KNCR11
Comment: XP
KNCR11 is the second largest fund in the receivables segment, with shareholders’ equity of R$5.2 billion.
103.8% of shareholders’ equity is allocated in CRIs, of which 92.2% are indexed to CDI, 7.0% to Selic and 0.9% to IPCA.
We believe the fund is positioned with a portfolio that should bring it favorable levels of returns during the current period of high interest rates, with relatively lower credit risk and market risk compared to its peers.
Bresco Logística
ticker : BRCO11
Comment : BTG Pactual
Bresco Logística FII is a real estate fund focused on income and active management, with the objective of investing in logistics warehouses that present a high standard of construction, in addition to being located close to the main consumption regions.
The purchase suggestion for BRCO11 is based on the great exposure to the state of São Paulo, especially in regions close to the capital; exposure to atypical contracts, which bring predictability to part of the fund’s income; for the very high standard properties; the possibility of generating long-term value through renovations and expansion of its assets; and good liquidity in the secondary market.
RBR High Grade
ticker : RBRR11
Comment : Great Investments
RBRR11 is RBR Asset Management’s High Grade real estate fund. Its objective is to invest in securities with good credit quality. Today, its CRI portfolio comprises 38 assets, with an average IPCA+ rate of 6.8%: 17% of them are indexed to CDI, 83% to inflation.
Our recommendation for this asset is based on the quality of operations, with guarantees located in prime regions of São Paulo, such as Pinheiros, Jardins and Faria Lima. In addition, the fund has been trading at a discount that does not match its quality, due to the impact of deflation on its dividend distribution.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
