Análise de desempenho dos três maiores fundos imobiliários de shopping centers listados no IFIX: XPML11, VISC11 e HGBS11

Abstract

This study aims to analyze the performance of the three largest real estate investment funds (FIIs) in the shopping center segment listed on IFIX, highlighting the advantages of this type of investment, its growth, and the results presented by each FII. The research adopted a quantitative and descriptive methodology, based on secondary data extracted from management reports published by each fund manager. The sample consists of the three largest FIIs listed on IFIX: XPML11, VISC11, and HGBS11. The analyzed period covers the years 2021, 2022, 2023, and the first three quarters of 2024. To achieve the goal, five variables were analyzed: market, financial, vacancy, profitability, and dividend yield, including the average annual profitability. Each of the variables contributed greatly to the study. Even though it is still important to consider other aspects besides these variables. The results showed us that the three real estate investment funds had similar results, leading to the conclusion that they are high-quality assets with great potential for appreciation and income distribution.