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Real Estate Investment Funds
Real estate market exposure through exchange-traded funds — access to real and financial assets with efficiency and transparency.
About the product
Real estate and real estate credit in a single share
Real Estate Investment Funds (also known as Brazilian FIIs) are collective investment vehicles that allocate capital to real estate developments and related assets. Investors can gain accessible and diversified exposure to the real estate market without the need to directly purchase a property.
Brazilian FIIs may invest in physical properties, such as shopping malls, logistics warehouses, corporate office buildings, and residential properties, or in real estate related securities, including Real Estate Receivables Certificates (CRIs) and units of other investment funds. The income generated by Real Estate Funds derives from rental revenues or capital gains and distributed to shareholders, periodically, in accordance with each fund’s distribution policy.
Like stocks and ETFs, Real Estate Funds shares are traded on the Exchange with the same level of ease and transparency. Each fund has a trading code ending in “11,” allowing investors to buy and sell units during exchange trading hours, monitor price movements in real time, and adjust their portfolios in line with their investment objectives.
Specifications
Trading
characteristics
Operational parameters applicable to tradable Real Estate Investment Funds on Base's cash market.
Market
Cash
Ticker Symbol
AAAAB, where the first 4 letters indicate the company represented by the asset, and B is the numeric digit indicating the asset class — 11 represents, among other assets, fund shares.
Quotation
Expressed in Brazilian reais (BRL) per share, quoted to up to two decimal places. It is subject to changes due to corporate actions or as defined by the listing exchange and the issuer, via Base Exchange Circular Letter.
Settlement
Physical and financial, within D+2 of the trade date.
STANDARD LOT
Unitary trading, permitted starting from 1 (one) share.
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