Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) FFO: R$142.0 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:HGBS11 Hedge Brasil Shopping Fundo DE Investimento Imobiliario BSP:HGBS11
66 GF Score
Price R$19.14
GF Value R$17.46
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Hedge Brasil Shopping Fundo DE Investimento Imobiliario FFO?

Hedge Brasil Shopping Fundo DE Investimento Imobiliario BSP:HGBS11 66 FFO is R$142.0 Mil as of Dec. 2025. GuruFocus rates BSP:HGBS11 with a GF Score™ of 66/100 and a GF Value™ of R$17.46 (Fairly Valued). The stock has 5 warning signs investors should review.

FFO (Funds from operations) is a measure of cash generated by by real estate investment trusts (REITs).

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's FFO (Funds from operations) for the twelve months ended in Dec. 2025 was R$142.0 Mil.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario FFO Historical Data

* Premium members only.

The historical data trend for Hedge Brasil Shopping Fundo DE Investimento Imobiliario's FFO 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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario FFO Chart

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FFO
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.39 230.03 337.58 45.40 142.03

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FFO 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 18.39 230.03 337.58 45.40 142.03
BSP:HGBS11
66GF Score
Hedge Brasil Shopping Fundo DE Investimento Imobiliario BSP:HGBS11
FFO is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hedge Brasil Shopping Fundo DE Investimento Imobiliario FFO Calculation

FFO (Funds from operations) is a measure of cash generated by by real estate investment trusts (REITs). It is different from Cash Flow from Operations.

GuruFocus' FFO (Funds from operations) data is provided directly by our data vendor. Instead of collecting data from a company's financial reports, the vendor calculates FFO based on its own methodology.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. FFO for the trailing twelve months (TTM) ended in Dec. 2025 was R$142.0 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 FFO →
What does a FFO of R$142.0 Mil mean?
Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) has a FFO of R$142.0 Mil as of Dec. 2025. Funds from Operations represent the total amount of cash a REIT generates through its operations. View historical data for Hedge Brasil Shopping Fundo DE Investimento Imobiliario and its competitors.
Is Hedge Brasil Shopping Fundo DE Investimento Imobiliario's FFO too high?
Hedge Brasil Shopping Fundo DE Investimento Imobiliario's current FFO is R$142.0 Mil. Overall, Hedge Brasil Shopping Fundo DE Investimento Imobiliario has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hedge Brasil Shopping Fundo DE Investimento Imobiliario's FFO compare to SPG and O?
Hedge Brasil Shopping Fundo DE Investimento Imobiliario's FFO of R$142.0 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 FFO for a REITs company?
A good FFO depends on the REITs industry context. However, FFO 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 FFO mean?
A high FFO can signal that a stock is expensive relative to its fundamentals. Funds from Operations represent the total amount of cash a REIT generates through its operations. View historical data for Hedge Brasil Shopping Fundo DE Investimento Imobiliario and its competitors. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's current FFO is R$142.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Brasil Shopping Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) is currently considered Fairly Valued. The stock's GF Value™ is R$17.46, compared to a current price of R$19.14 — trading 9.6% above its estimated fair value. The current FFO is R$142.0 Mil. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FFO calculated?
FFO is calculated from a company's financial statements. For Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11), the current FFO is R$142.0 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 Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Overvalued in 2026?

Based on GuruFocus' analysis, Hedge Brasil Shopping Fundo DE Investimento Imobiliario stock appears to be overvalued. The current stock price of R$19.14 is trading 9.6% above its estimated GF Value™ of R$17.46. GuruFocus considers Hedge Brasil Shopping Fundo DE Investimento Imobiliario to be Fairly Valued.

Key valuation signals for BSP:HGBS11:

  • FFO: R$142.0 Mil
  • GF Value™: R$17.46 vs. price of R$19.14 (9.6% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the BSP:HGBS11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Avenue Brigadeiro Faria, 3600 - 11th floor, Sao Paulo, SP, BRA, 4538132
Hedge Brasil Shopping Fundo DE Investimento Imobiliario is a Brazilian real estate investment fund with objective to obtain capital appreciation by acquisition of interests in shopping centers. The objective of the Fund is the acquisition for commercial exploitation of commercial real estate projects, which are duly built or are subject to renovations, improvements or expansions, through the acquisition of portions and/or the entirety of real estate projects, directly or indirectly, through the assets provided for in the Regulation, for subsequent sale, rental or leasing, including assets and rights related to them.
66GF Score

Get the complete analysis for BSP:HGBS11

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

R$19.14
Price
R$17.46
GF Value