Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) Dividend Payout Ratio: 0.43 (As of Jun. 2025) — 34% Below Median

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BSP:VSHO11 Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11
78 GF Score
Price R$73.77
GF Value R$86.53
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Fundo DE Investimento Imobiliario Votorantim Shopping Dividend Payout Ratio?

Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11 -0.50% 78 Dividend Payout Ratio is 0.43 as of Jun. 2025, which is 34% below its 10-year median of 0.65. GuruFocus rates BSP:VSHO11 with a GF Score™ of 78/100 and a GF Value™ of R$86.53 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 711 REITs companies, Fundo DE Investimento Imobiliario Votorantim Shopping ranks better than 90.44% 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. Fundo DE Investimento Imobiliario Votorantim Shopping's Dividend Payout Ratio for the months ended in Jun. 2025 was 0.43.

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

BSP:VSHO11' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.65   Max: 0.8
Current: 0.43


During the past 7 years, the highest Dividend Payout Ratio of Fundo DE Investimento Imobiliario Votorantim Shopping was 0.80. The lowest was 0.43. And the median was 0.65.

BSP:VSHO11's Dividend Payout Ratio is ranked better than
90.44% of 711 companies
in the REITs industry
Industry Median: 0.99 vs BSP:VSHO11: 0.43

As of today (2026-07-17), the Dividend Yield % of Fundo DE Investimento Imobiliario Votorantim Shopping is 11.06%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Fundo DE Investimento Imobiliario Votorantim Shopping was 13.08%. The lowest was 3.16%. And the median was 10.70%.

Fundo DE Investimento Imobiliario Votorantim Shopping's Dividends per Share for the months ended in Jun. 2025 was R$8.29.

During the past 12 months, Fundo DE Investimento Imobiliario Votorantim Shopping's average Dividends Per Share Growth Rate was 2.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 48.70% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Fundo DE Investimento Imobiliario Votorantim Shopping was 48.70% per year. The lowest was 48.70% per year. And the median was 48.70% 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.


Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) 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.


Fundo DE Investimento Imobiliario Votorantim Shopping Dividend Payout Ratio Related Terms


Fundo DE Investimento Imobiliario Votorantim Shopping Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Fundo DE Investimento Imobiliario Votorantim Shopping'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.

Fundo DE Investimento Imobiliario Votorantim Shopping Dividend Payout Ratio Chart

Fundo DE Investimento Imobiliario Votorantim Shopping Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.00 0.53 0.80 0.77 0.43

Fundo DE Investimento Imobiliario Votorantim Shopping Semi-Annual Data
Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio Get a 7-Day Free Trial 0.00 0.53 0.80 0.77 0.43

BSP:VSHO11 vs SPG, O, KIM: Dividend Payout Ratio Comparison

For the REIT - Retail subindustry, Fundo DE Investimento Imobiliario Votorantim Shopping'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.


Fundo DE Investimento Imobiliario Votorantim Shopping Dividend Payout Ratio vs REITs Industry

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

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


BSP:VSHO11
78GF Score
Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo DE Investimento Imobiliario Votorantim Shopping 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.

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

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=8.29/ 19.403
=0.43

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

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2025 )/ EPS without NRI (Q: Jun. 2025 )
=8.29/ 19.403
=0.43

* 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 0.43 mean?
Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) has a Dividend Payout Ratio of 0.43 as of Jun. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Fundo DE Investimento Imobiliario Votorantim Shopping and its competitors. This is 34% below median its historical median of 0.65. Over the past decade, Fundo DE Investimento Imobiliario Votorantim Shopping's Dividend Payout Ratio has ranged from 0.43 to 0.80. According to the industry distribution chart, Fundo DE Investimento Imobiliario Votorantim Shopping ranks #68 out of 711 companies in the REITs industry, placing it in the top 9.6%.
Is Fundo DE Investimento Imobiliario Votorantim Shopping's Dividend Payout Ratio too high?
Fundo DE Investimento Imobiliario Votorantim Shopping's current Dividend Payout Ratio of 0.43 is 34% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.80. The REITs industry median Dividend Payout Ratio is 0.99. Fundo DE Investimento Imobiliario Votorantim Shopping's value of 0.43 is 56.6% below this industry median. Based on the distribution chart, Fundo DE Investimento Imobiliario Votorantim Shopping ranks #68 out of 711 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo DE Investimento Imobiliario Votorantim Shopping has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario Votorantim Shopping's Dividend Payout Ratio compare to SPG and O?
According to the REITs industry distribution chart, Fundo DE Investimento Imobiliario Votorantim Shopping ranks #68 out of 711 companies for Dividend Payout Ratio. This places Fundo DE Investimento Imobiliario Votorantim Shopping in the top 10% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Fundo DE Investimento Imobiliario Votorantim Shopping's value of 0.43 is 56.6% below this benchmark. Historically, Fundo DE Investimento Imobiliario Votorantim Shopping's own Dividend Payout Ratio has ranged from 0.43 to 0.80 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.99, Fundo DE Investimento Imobiliario Votorantim Shopping has consistently been below 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 711 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. Fundo DE Investimento Imobiliario Votorantim Shopping's current Dividend Payout Ratio of 0.43 is 56.6% below 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 Fundo DE Investimento Imobiliario Votorantim Shopping 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. Fundo DE Investimento Imobiliario Votorantim Shopping's current Dividend Payout Ratio is 0.43, which is 34% below median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo DE Investimento Imobiliario Votorantim Shopping stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$86.53, compared to a current price of R$73.77 — trading 14.7% below its estimated fair value. The current Dividend Payout Ratio is 0.43, which is 34% below median its 10-year median of 0.65 and 56.6% below the REITs industry median of 0.99. Fundo DE Investimento Imobiliario Votorantim Shopping's overall GF Score™ is 78/100 with 2 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 Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11), the current Dividend Payout Ratio is 0.43 as of Jun. 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 DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping stock appears to be undervalued. The current stock price of R$73.77 is trading 14.7% below its estimated GF Value™ of R$86.53. GuruFocus considers Fundo DE Investimento Imobiliario Votorantim Shopping to be Modestly Undervalued.

Key valuation signals for BSP:VSHO11:

  • Dividend Payout Ratio: 0.43 (34% below median its 10-year median of 0.65)
  • GF Value™: R$86.53 vs. price of R$73.77 (14.7% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 56.6% below the REITs median (#68 of 711)

No single metric tells the full story. See the BSP:VSHO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fundo DE Investimento Imobiliario Votorantim Shopping Business Description

Industry Real EstateREITs
Address Avenida FARIA LIMA, 4300, 7th Floor, Sao Paulo, SP, BRA, 4538132
Fundo DE Investimento Imobiliario Votorantim Shopping is a closed-end fund with an indefinite term, divided into registered, book-entry shares that correspond to ideal fractions of its assets. The fund's objective is to provide shareholders with returns on their investment through the partial or total acquisition of real estate, real rights over real estate, including shares, units of special purpose entities or units of real estate investment funds, for the purpose of commercial exploitation of real estate ventures related to shopping centers and related activities, such as strip malls, outlets or power centers.
78GF Score

Get the complete analysis for BSP:VSHO11

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

R$73.77
Price
R$86.53
GF Value