Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Dividend Payout Ratio: 1.70 (As of Dec. 2025) — 118% Above Median

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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 Dividend Payout Ratio?

Hedge Brasil Shopping Fundo DE Investimento Imobiliario BSP:HGBS11 66 Dividend Payout Ratio is 1.70 as of Dec. 2025, which is 118% above its 10-year median of 0.78. GuruFocus rates BSP:HGBS11 with a GF Scoreâ„¢ of 66/100 and a GF Valueâ„¢ of R$17.46 (Fairly Valued). The stock has 5 warning signs investors should review. Among 703 REITs companies, Hedge Brasil Shopping Fundo DE Investimento Imobiliario ranks worse than 77.38% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the months ended in Dec. 2025 was 1.70.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hedge Brasil Shopping Fundo DE Investimento Imobiliario is 1.70, which seems too high.

The historical rank and industry rank for Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio or its related term are showing as below:

BSP:HGBS11' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.78   Max: 6.04
Current: 1.7

During the past 13 years, the highest Dividend Payout Ratio of Hedge Brasil Shopping Fundo DE Investimento Imobiliario was 6.04. The lowest was 0.06. And the median was 0.78.

BSP:HGBS11's Dividend Payout Ratio is ranked worse than
77.38% of 703 companies
in the REITs industry
Industry Median: 0.99 vs BSP:HGBS11: 1.70

As of today (2026-08-03), the Dividend Yield % of Hedge Brasil Shopping Fundo DE Investimento Imobiliario is 9.98%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Hedge Brasil Shopping Fundo DE Investimento Imobiliario was 11.49%. The lowest was 0.83%. And the median was 8.89%.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividends per Share for the months ended in Dec. 2025 was R$1.86.

During the past 12 months, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's average Dividends Per Share Growth Rate was -7.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 16.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hedge Brasil Shopping Fundo DE Investimento Imobiliario was 16.70% per year. The lowest was 16.70% per year. And the median was 16.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Dividend Payout Ratio Related Terms

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.51 0.78 6.04 1.70

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
Dividend Payout Ratio 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 0.00 0.51 0.78 6.04 1.70

BSP:HGBS11 vs SPG, O, KIM: Dividend Payout Ratio Comparison

For the REIT - Retail subindustry, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio falls into.


BSP:HGBS11
66GF Score
Hedge Brasil Shopping Fundo DE Investimento Imobiliario BSP:HGBS11
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.86/ 1.096
=1.70

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=1.86/ 1.096
=1.70

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.70 mean?
Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) has a Dividend Payout Ratio of 1.70 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hedge Brasil Shopping Fundo DE Investimento Imobiliario and its competitors. This is 118% above median its historical median of 0.78. Over the past decade, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio has ranged from 0.06 to 6.04. According to the industry distribution chart, Hedge Brasil Shopping Fundo DE Investimento Imobiliario ranks #544 out of 703 companies in the REITs industry, placing it in the top 77.4%.
Is Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Dividend Payout Ratio too high?
Hedge Brasil Shopping Fundo DE Investimento Imobiliario's current Dividend Payout Ratio of 1.70 is 118% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 6.04. The REITs industry median Dividend Payout Ratio is 0.99. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's value of 1.70 is 71.7% above this industry median. Based on the distribution chart, Hedge Brasil Shopping Fundo DE Investimento Imobiliario ranks #544 out of 703 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hedge Brasil Shopping Fundo DE Investimento Imobiliario has a GF Scoreâ„¢ 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 Dividend Payout Ratio compare to SPG and O?
According to the REITs industry distribution chart, Hedge Brasil Shopping Fundo DE Investimento Imobiliario ranks #544 out of 703 companies for Dividend Payout Ratio. This places Hedge Brasil Shopping Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's value of 1.70 is 71.7% above this benchmark. Historically, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's own Dividend Payout Ratio has ranged from 0.06 to 6.04 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.99, Hedge Brasil Shopping Fundo DE Investimento Imobiliario has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 703 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's current Dividend Payout Ratio of 1.70 is 71.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hedge Brasil Shopping Fundo DE Investimento Imobiliario and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's current Dividend Payout Ratio is 1.70, which is 118% above median its own 10-year median of 0.78. 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 Dividend Payout Ratio is 1.70, which is 118% above median its 10-year median of 0.78 and 71.7% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11), the current Dividend Payout Ratio is 1.70 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:

  • Dividend Payout Ratio: 1.70 (118% above median its 10-year median of 0.78)
  • GF Value™: R$17.46 vs. price of R$19.14 (9.6% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 71.7% above the REITs median (#544 of 703)

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

Dividend Payout Ratio 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