BTG Pactual Logistics Investment Fund (BTLG11) was the most suitable Real Estate Fund (FII) in February, according to a survey by CNN with benches and brokers.
The evaluations of four financial institutions were considered: EQI Research, BTG, XP and Itaú BBA.
Option with 4 indications:
- BTG Pactual Logistics (BTLG11)
Options with 3 indications:
- XP Malls (XPML11)
- Bresco – Real Estate Investment Fund (BRCO11)
- Kinea Real Estate Income (KNCR11)
- VBI Prime Properties (PVBI11)
According to Itaú BBA report, analysts are eyeing the interest curve, as well as the progress of the tax reform in Congress.
“Although we are in a challenging moment, it is important to keep in mind that we have a developed sector that continues to have good results, which should be reflected in the quotations of FIIs in a moment of cooling interest,” said Itaú.
Currently, the basic interest rate is 13.25% per year, after an increase of 1 percentage point at the last meeting of the Monetary Policy Committee (Copom) in January this year. In a statement last year, the Central Bank (BC) had already hired two highs in 2025.
In a statement, the committee emphasized concerns about current inflation and disagreement expectations, also reinforcing the resilient dynamics of economic activity and the labor market.
Given this scenario, BTG sees two more increases in the basic interest rate at May and June meetings, bringing the terminal Selic rate to 15.25% per year.
The bank also highlights the purchase, sale and rental of real estate from 2026, with progressive rates until 2033.
However, the CNN . At a meeting on Tuesday (4), Finance Minister Fernando Haddad said he met with President Luiz Inacio Lula da Silva (PT) to address the theme.
“There was an agreement that we made in relation to the real estate fund and we will talk to the agro staff to harmonize the complementary law as the Constitution says”Said Haddad.
The perspective of EQI Research is more positive for the FII market.
“The Fiis market is offering a rare combination of attractive discounts and an above historical average remuneration award. For the long -term investor, which has a broader investment horizon, this can be a unique opportunity to build a diverse real estate portfolio and passive income generator, ”says the broker, who reinforces the escalation of interest as a determining factor for the value lower market.
