Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario (BSP:KIVO11) Selling, General, & Admin. Expense: R$0.28 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:KIVO11 Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario BSP:KIVO11
42 GF Score
Price R$53.33
GF Value R$112.50
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario Selling, General, & Admin. Expense?

Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario BSP:KIVO11 -2.59% 42 Selling, General, & Admin. Expense is R$0.28 Mil as of Dec. 2025. GuruFocus rates BSP:KIVO11 with a GF Score™ of 42/100 and a GF Value™ of R$112.50 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's selling, general, & admin. expense for the six months ended in Dec. 2025 was R$0.28 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was R$0.28 Mil.


Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario  (BSP:KIVO11) 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.


Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario Selling, General, & Admin. Expense Related Terms


Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen 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.

Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario Selling, General, & Admin. Expense Chart

Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
0.02 0.13 0.17 0.28 0.28

Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense 0.02 0.13 0.17 0.28 0.28

BSP:KIVO11 vs VICI, WPC: Selling, General, & Admin. Expense Comparison

For the REIT - Diversified subindustry, Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen 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.


Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's Selling, General, & Admin. Expense falls into.


BSP:KIVO11
42GF Score
Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario BSP:KIVO11
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen 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$0.28 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$0.28 Mil mean?
Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario (BSP:KIVO11) has a Selling, General, & Admin. Expense of R$0.28 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 Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario and its competitors.
Is Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's Selling, General, & Admin. Expense too high?
Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's current Selling, General, & Admin. Expense is R$0.28 Mil. Overall, Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario has a GF Score™ of 42/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's Selling, General, & Admin. Expense compare to VICI and WPC?
Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's Selling, General, & Admin. Expense of R$0.28 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 Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario and its competitors. Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's current Selling, General, & Admin. Expense is R$0.28 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario (BSP:KIVO11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$112.50, compared to a current price of R$53.33 — trading 52.6% below its estimated fair value. The current Selling, General, & Admin. Expense is R$0.28 Mil. Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario's overall GF Score™ is 42/100 with 1 warning sign 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 Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario (BSP:KIVO11), the current Selling, General, & Admin. Expense is R$0.28 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 Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario (BSP:KIVO11) Overvalued in 2026?

Based on GuruFocus' analysis, Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario stock appears to be undervalued. The current stock price of R$53.33 is trading 52.6% below its estimated GF Value™ of R$112.50. GuruFocus considers Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario to be Significantly Undervalued.

Key valuation signals for BSP:KIVO11:

  • Selling, General, & Admin. Expense: R$0.28 Mil
  • GF Value™: R$112.50 vs. price of R$53.33 (52.6% below fair value)
  • GF Score™: 42/100 with 1 warning sign

No single metric tells the full story. See the BSP:KIVO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario Business Description

Industry Real EstateREITs
Address Iguatemi, 151 - 19th Floor, São Paulo, SP, BRA, CEP: 1451011
Kilima Volkano Recebiveis Imobiliarios Fundo De Investimen Imobiliario its objective is to obtain income, through the investment of resources.
42GF Score

Get the complete analysis for BSP:KIVO11

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

R$53.33
Price
R$112.50
GF Value