Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) EBIT: R$81.4 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:BRCR11 Fundo Invest Imobiliario FII Btg Pactual Corporate Office Fund BSP:BRCR11
73 GF Score
Price R$41.00
GF Value R$46.17
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Fundo Invest Imobiliario FII Btg Pactualorate Office Fund EBIT?

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund BSP:BRCR11 +1.74% 73 EBIT is R$81.4 Mil as of Dec. 2025. GuruFocus rates BSP:BRCR11 with a GF Score™ of 73/100 and a GF Value™ of R$46.17 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was R$0.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R$81.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.74%.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund  (BSP:BRCR11) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=0 * ( 1 - 0% )/( (2669.734 + 2818.023)/ 2 )
=0/2743.8785
=0.00 %

where

Invested Capital(Q: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2622.559 - 18.675 - ( 24.398 - max(0, 160.519 - 94.669+24.398))
=2669.734

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2605.367 - 36.439 - ( 40.752 - max(0, 323.794 - 74.699+40.752))
=2818.023

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (0 + max(-131.873, 0)) + (0 + max(-306.145, 0)) )/ 2 )
=0/( ( 0 + 0 )/ 2 )
=0/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.646 + 0 + 0) - (18.675 + 0 + 141.844)
=-131.873

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.649 + 0 + -1.4210854715202E-14) - (36.439 + 0 + 287.355)
=-306.145

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=81.364/1051.414
=7.74 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund EBIT Related Terms

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund EBIT Historical Data

* Premium members only.

The historical data trend for Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund EBIT Chart

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 156.50 138.22 244.43 110.69 147.48

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.86 35.54 -4.53 37.50 0.00

BSP:BRCR11 vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EV-to-EBIT falls into.


BSP:BRCR11
73GF Score
Fundo Invest Imobiliario FII Btg Pactual Corporate Office Fund BSP:BRCR11
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was R$81.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R$81.4 Mil mean?
Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) has a EBIT of R$81.4 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fundo Invest Imobiliario FII Btg Pactualorate Office Fund.
Is Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EBIT too high?
Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's current EBIT is R$81.4 Mil. Overall, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EBIT compare to BXP and ARE?
Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EBIT of R$81.4 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fundo Invest Imobiliario FII Btg Pactualorate Office Fund. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's current EBIT is R$81.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Invest Imobiliario FII Btg Pactualorate Office Fund stock overvalued right now?
Based on GuruFocus' analysis, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$46.17, compared to a current price of R$41.00 — trading 11.2% below its estimated fair value. The current EBIT is R$81.4 Mil. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11), the current EBIT is R$81.4 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund stock appears to be undervalued. The current stock price of R$41.00 is trading 11.2% below its estimated GF Value™ of R$46.17. GuruFocus considers Fundo Invest Imobiliario FII Btg Pactualorate Office Fund to be Modestly Undervalued.

Key valuation signals for BSP:BRCR11:

  • EBIT: R$81.4 Mil
  • GF Value™: R$46.17 vs. price of R$41.00 (11.2% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the BSP:BRCR11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Business Description

Industry Real EstateREITs
Address N/I PRAIA DE BOTAFOGO 501, 5th FLOOR, RIO DE JANEIRO, RJ, BRA, CEP 22250040
Fundo Invest Imobiliario FII Btg Pactual Corporate Office Fund seeks to invest in real estate developments by acquiring the following assets: commercial properties, completed or under construction, or other types of properties where commercial developments may be established, rights related to properties, for the purpose of sale, rent or lease, in addition to other Target Assets listed in the Fund's regulation.
73GF Score

Get the complete analysis for BSP:BRCR11

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$41.00
Price
R$46.17
GF Value