Complete Guide to Brazilian REITs (FIIs) 2026

FIIs are funds that invest in real estate or real estate-linked assets. By buying a share, you become a fractional "owner" of shopping malls, warehouses, offices, hospitals, or real estate securities.

How it works in practice: 1. You buy shares on B3 (Brazilian stock exchange) like a stock 2. The fund collects rent or income from properties/securities 3. At least 95% of profit is distributed as dividends (usually monthly) 4. You receive dividends in your brokerage account

Advantages over physical real estate: - Invest from ~R$10 (one share) - Liquidity: sell anytime on B3 - Diversification: invest in many properties with little money - Professional management: specialized teams manage the properties - No headaches: no tenants, property taxes, maintenance

PaxMoney tracks your FIIs with 7 subcategories (Logistics, Shopping, Hybrid, Urban Income, Paper, Corporate, Agro), dividend yield, adjusted average price, and AI dividend forecasting.

Brick FIIs — invest in physical properties: - Logistics: Warehouses and distribution centers (e.g., HGLG11, XPLG11) - Shopping: Shopping centers (e.g., VISC11, XPML11) - Corporate: Offices and commercial buildings (e.g., HGRE11, BRCR11) - Urban Income: Diversified urban properties (e.g., TRXF11) - Agro: Rural properties and agribusiness (e.g., RURA11) - Healthcare/Education: Hospitals, universities (e.g., NSLU11)

Paper FIIs — invest in real estate securities: - CRIs (Real Estate Receivables Certificates) - LCIs, LHs, and other real estate debt instruments - Examples: KNCR11, KNIP11, MXRF11 - Tend to pay higher dividends when Selic rate rises

Hybrid FIIs — combine brick and paper: - Natural diversification within a single fund - Examples: HGBS11, KNRI11

In PaxMoney, each FII is automatically categorized into one of 7 subcategories, allowing you to analyze diversification within the real estate sector with detailed allocation charts.

The main attraction of FIIs is the monthly dividend. By law, they must distribute at least 95% of profits.

Typical schedule: - Dividends are usually announced on the 10th business day - Payment by the 15th business day - "Ex" and "record" dates determine who receives

Tax exemption: - FII dividends are tax-exempt for individuals, provided: - The fund has at least 50 shareholders - It is traded on the stock exchange - You hold less than 10% of shares

Note: Capital gains (selling shares for more than purchase price) are taxed at 20%.

How PaxMoney helps: - Record dividends manually or batch import - View dividends by month, year, or FII - Track individual and portfolio dividend yield - Use PaxMoney AI to forecast future dividends in 3 scenarios