The disaster in Americanas (AMER3) can also be mirrored within the listings of actual property funds that lease properties for the corporate. Among the many seven FIIs which have already introduced they’ve the corporate as a tenant, all are working within the purple in January.
Final week, the retailer reported that it had discovered a R$20 billion hole within the firm’s stability sheet. Americanas shares fell practically 80% by Monday’s buying and selling session (17) on the again of the invention.
The case additionally influenced the habits of FIIs which have some reference to the corporate, together with GGR Covepi (GGRC11), which leases a distribution heart (DC) to B2W – of the identical group as Americanas – in Uberlândia (MG).
By January 11, the day the breach was disclosed, the fund had collected losses for 5 consecutive days. Since then, the variety of unfavorable buying and selling classes has elevated to eight, down 12.2% month-to-month – excluding this Tuesday’s session (17).
For comparability: The Ifix – index of essentially the most traded actual property funds on the inventory trade – recorded a decline of round 1% within the reporting interval.
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When it comes to income, Uberlândia DC at the moment represents 19.50% of GGRC11’s income and 24% of the portfolio’s complete GLA.
To a lesser extent, different FIIs which have ties to Americanas additionally carried out negatively in January. Amongst them are RBR Log (RBRL11), Max Retail (MAXR11), XP Log (XPLG11) and VBI Logístico (LVBI11), with losses starting from 5% to six% on the month. Verify the efficiency of different funds.
| ticker | background | section | Month-to-month return (%) |
| GGRC11 | GGR Covepi Renda | logistics | -12.2 |
| RBRL11 | RBR protocol | logistics | -6.1 |
| MAXR11 | Max retail | Hybrid | -5.61 |
| XPLG11 | XP log | logistics | -5.16 |
| LVBI11 | VBI logistics | logistics | -5.15 |
| VIUR11 | Vinci City Actual Property | city lease | -3.44 |
| BRCO11 | Bresco logistics | logistics | -0.68 |
Font: B3
Within the case of RBR Log (RBRL11), Americanas account for 11.4% of the fund’s GLA and seven% of rental revenue. The corporate communicated its curiosity in calling the bond with the portfolio late final yr.
Along with logistics and concrete revenue FIIs, funds within the procuring section — which finally home Americanas shops — are up a mean of 0.7% in January.
Additionally learn:
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Ifix hoje
The Ifix – index of essentially the most traded actual property funds on the inventory trade – is working in constructive territory in at present’s Tuesday session (17). As of 10:51 a.m., the indicator recorded a 0.25% enhance to 2,848 factors. Take a look at the opposite highlights of the day.
Largest highs this Tuesday (17):
| ticker | Surname | sector | Variation (%) |
| RBFF11 | Rio Bravo Ifix | FoF | 2.69 |
| BARI11 | Barigui | Title and Val. Mob. | 1.07 |
| XPCI11 | XP actual property mortgage | Title and Val. Mob. | 1:15 |
| HGRE11 | CSHG actual property | Company Plates | 1:12 |
| RELG11 | REC logistics | logistics | 1:11 |
Largest casualties this Tuesday (17):
| ticker | Surname | sector | Variation (%) |
| HGFF11 | CSHG FoF | FoF | -2.1 |
| MORE11 | Extra actual property | FoF | -1.82 |
| XPIN11 | XP Business | logistics | -0.98 |
| PATL11 | Patria Logistica | logistics | -0.9 |
| NCHB11 | NCH Excessive Yield | Title and Val. Mob. | -0.82 |
Font: B3
BBPO11 will obtain compensation of BRL 3.5 million from Banco do Brasil
The FII BB Progressivo II will obtain roughly R$3.5 million from Banco do Brasil – the fund’s tenant – in reimbursement for the damage and tear attributable to two properties returned by the financial institution.
In July final yr, the tenant had signaled its intention to not renew the lease for the areas on Rua Espírito Santo in Belo Horizonte (MG) and Rua Bom Pastor in São Paulo (SP).
With the affirmation of the departure – all in Minas Gerais and partly within the capital São Paulo – the administration of BBPO11 factors out with the financial institution the compensation to be paid in ten days, factors to a fabric indisputable fact that the portfolio has disclosed.
BB Progressivo II focuses on investing in Banco do Brasil department banks and has a portfolio of greater than 60 properties leased to the monetary establishment.
dividend at present
Take a look at the FIIs paying dividends this Tuesday (17):
| ticker | energy | To return |
| CXAG11 | R$0.95 | 1.23% |
| RBRY11 | R$1.10 | 1.13% |
| HGIC11 | R$1.10 | 1.07% |
| BLUR11 | R$1.03 | 1.03% |
| RBRR11 | R$0.90 | 1.03% |
| WSEC11 | R$0.95 | 0.98% |
| IRDM11 | R$0.90 | 0.97% |
| IRIM11 | R$0.93 | 0.97% |
| CPFF11 | R$0.60 | 0.93% |
| RBRF11 | R$0.63 | 0.92% |
| MGFF11 | R$0.51 | 0.87% |
| IBCR11 | R$0.69 | 0.82% |
Font: StatusInvest
Giro Imobiliário: Americanas hires Rothschild to renegotiate debt
Americanas (AMER3) introduced this Monday (16) that its board of administrators has employed Rothschild & Co to behave as the corporate’s interlocutor within the debt renegotiation each in Brazil and overseas.
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“Americanas reiterates its dedication to hunt a short-term decision with its collectors,” he informed Brazil’s Securities and Alternate Fee (CVM) in a key truth.
Americanas shares fell 41.59% to 1.84 reais this Monday earlier than negotiations had been suspended on the fabric truth.
On Friday, the corporate gained a key court docket determination that protects it from prepaying its debt for 30 days, a interval the retailer can use to succeed in a settlement with collectors or file for chapter.
This Monday, score company Moody’s lowered Americanas’ credit standing from “Ba2” to “Caa3” and put the score on evaluate for one more downgrade after final Friday’s peer group adjustments from Fitch and Customary & Poor’s.