Hedge Officeome Fundo De Investimento Imobiliario (BSP:HOFC11) Selling, General, & Admin. Expense: R$0.34 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.
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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:HOFC11 Hedge Office Income Fundo De Investimento Imobiliario BSP:HOFC11
48 GF Score
Price R$34.19
GF Value R$22.35
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Hedge Officeome Fundo De Investimento Imobiliario Selling, General, & Admin. Expense?

Hedge Officeome Fundo De Investimento Imobiliario BSP:HOFC11 -0.15% 48 Selling, General, & Admin. Expense is R$0.34 Mil as of Dec. 2025. GuruFocus rates BSP:HOFC11 with a GF Score™ of 48/100 and a GF Value™ of R$22.35 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Hedge Officeome Fundo De Investimento Imobiliario's selling, general, & admin. expense for the six months ended in Dec. 2025 was R$0.34 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was R$0.34 Mil.


Hedge Officeome Fundo De Investimento Imobiliario  (BSP:HOFC11) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Hedge Officeome Fundo De Investimento Imobiliario Selling, General, & Admin. Expense Related Terms


Hedge Officeome Fundo De Investimento Imobiliario Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Hedge Officeome Fundo De Investimento Imobiliario's Selling, General, & Admin. Expense 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 Officeome Fundo De Investimento Imobiliario Selling, General, & Admin. Expense Chart

Hedge Officeome Fundo De Investimento Imobiliario Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial 4.11 2.01 0.78 0.31 0.34

Hedge Officeome Fundo De Investimento Imobiliario Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense Get a 7-Day Free Trial 4.11 2.01 0.78 0.31 0.34

BSP:HOFC11 vs BXP, ARE, VNO: Selling, General, & Admin. Expense Comparison

For the REIT - Office subindustry, Hedge Officeome Fundo De Investimento Imobiliario's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Officeome Fundo De Investimento Imobiliario Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Hedge Officeome Fundo De Investimento Imobiliario's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Hedge Officeome Fundo De Investimento Imobiliario's Selling, General, & Admin. Expense falls into.


BSP:HOFC11
48GF Score
Hedge Office Income Fundo De Investimento Imobiliario BSP:HOFC11
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hedge Officeome Fundo De Investimento Imobiliario Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 was R$0.34 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.

What does a Selling, General, & Admin. Expense of R$0.34 Mil mean?
Hedge Officeome Fundo De Investimento Imobiliario (BSP:HOFC11) has a Selling, General, & Admin. Expense of R$0.34 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Hedge Officeome Fundo De Investimento Imobiliario and its competitors.
Is Hedge Officeome Fundo De Investimento Imobiliario's Selling, General, & Admin. Expense too high?
Hedge Officeome Fundo De Investimento Imobiliario's current Selling, General, & Admin. Expense is R$0.34 Mil. Overall, Hedge Officeome Fundo De Investimento Imobiliario has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hedge Officeome Fundo De Investimento Imobiliario's Selling, General, & Admin. Expense compare to BXP and ARE?
Hedge Officeome Fundo De Investimento Imobiliario's Selling, General, & Admin. Expense of R$0.34 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 Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Hedge Officeome Fundo De Investimento Imobiliario and its competitors. Hedge Officeome Fundo De Investimento Imobiliario's current Selling, General, & Admin. Expense is R$0.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Officeome Fundo De Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Hedge Officeome Fundo De Investimento Imobiliario (BSP:HOFC11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$22.35, compared to a current price of R$34.19 — trading 53% above its estimated fair value. The current Selling, General, & Admin. Expense is R$0.34 Mil. Hedge Officeome Fundo De Investimento Imobiliario's overall GF Score™ is 48/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Hedge Officeome Fundo De Investimento Imobiliario (BSP:HOFC11), the current Selling, General, & Admin. Expense is R$0.34 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 Officeome Fundo De Investimento Imobiliario (BSP:HOFC11) Overvalued in 2026?

Based on GuruFocus' analysis, Hedge Officeome Fundo De Investimento Imobiliario stock appears to be overvalued. The current stock price of R$34.19 is trading 53% above its estimated GF Value™ of R$22.35. GuruFocus considers Hedge Officeome Fundo De Investimento Imobiliario to be Significantly Overvalued.

Key valuation signals for BSP:HOFC11:

  • Selling, General, & Admin. Expense: R$0.34 Mil
  • GF Value™: R$22.35 vs. price of R$34.19 (53% above fair value)
  • GF Score™: 48/100 with 9 warning signs

No single metric tells the full story. See the BSP:HOFC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hedge Officeome Fundo De Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Avenida Brigadeiro Faria Lima, 3600, 11th Floor, cj 112 - Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
Hedge Office Income Fundo De Investimento Imobiliario operates as a corporate Real Estate Fund .The objective of the Fund is to obtain income and capital gains to be obtained through the exploration of a or more real estate projects, aimed at the office segment including slabs and corporate buildings being certain that in such office developments there may be certain properties intended for commercial, retail activities.
48GF Score

Get the complete analysis for BSP:HOFC11

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$34.19
Price
R$22.35
GF Value