See the real estate funds recommended by analysts to invest in October

O CNN Brasil Business compiled indications of eight brokers and banks with the most suitable real estate funds (FIIs) to invest in October.

Terra Investimentos, BTG Pactual, XP, Ativa Investimentos, Warren, Genial Investimentos, Guide Investimentos and Banco do Brasil participated in the survey.

For this month, the managers have recommended, mainly, investments in the segments of real estate receivables, corporate slabs, logistics and shopping. Among the main funds are Kinea Rendimentos Imobiliários, with 6 recommendations, followed by Bresco Logística, with 5 and CSHG Real State, with 4 recommendations.

On the radar in October

For October, the consultants point out some factors that influence the recommendations, such as, for example, the end of the cycle of high interest rates by the Central Bank. With that, the ifix closed the month of September close to stability, with a slight increase of 0.49%.

Within Ifix, the Shopping segment showed the best performance during the month of September. On the negative side, receivables funds continue to be highlighted, impacted by the effect of deflation, which impacts real estate funds.

The expectation is that the funds will benefit in a scenario of economic activity recovery and eventual heating up of the real estate sector, even after the interest rate hike, with new investments in several areas of the Brazilian economy.

Even so, caution remains on the radar, with the market expecting volatility, due to the second round of elections, the increase in interest rates in developed economies and changes in the scenario of conflict between Russia and Ukraine.

See what analysts said about the FIIs with the highest recommendations for October.

Kinea Real Estate Income

ticker: KNCR11

Comment: Great Investments

It is the Kinea Investimentos fund whose objective is to invest in low-risk CRIs with remuneration linked to the CDI. The fund has R$ 4.7 billion of net worth, being the second largest real estate fund.

Currently, KNCR11 has 109.9% of its shareholders’ equity allocated in CRIs, exposure possible through the use of leverage instruments, and 3.5% in cash.

The recommendation of this FII is based on the fact that it is one of the few receivables funds indexed to the CDI and, at this time of high interest rates, the fund tends to be more defensive and maintain its dividends, in addition, it has a pulverized portfolio of credit with good debtors.

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. Currently, BRCO11 has assets located in the states of São Paulo, Minas Gerais, Bahia, Paraná, Rio Grande do Sul and Rio de Janeiro.

The broker’s suggestion for the BRCO11 is based on the large 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; high-end real estate; possibility of generating long-term value through renovations and expansion of its assets; and good liquidity in the secondary market.

CSHG Real State

ticker : HGRE11

Comment : Activate Investments

The fund has 15 real estate assets in its portfolio, 68% of which are Corporate Towers, 15.9% with relevant stakes in slabs and 10.5% in single-user, with 80% of the contracts maturing 80% in 2026, and 76% of revisional of contracts in 2024.