Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) Selling, General, & Admin. Expense: R$40.3 Mil (TTM As of Dec. 2025)

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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:VISC11 Vinci Shopping Centers Fundo Investimento Imobiliario-FII BSP:VISC11
77 GF Score
Price R$105.42
GF Value R$116.06
Valuation Fairly Valued
! 4 Warning Signs
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What is Vinci Shopping Centers Fundo Investimento Imobiliario-FII Selling, General, & Admin. Expense?

Vinci Shopping Centers Fundo Investimento Imobiliario-FII BSP:VISC11 +0.70% 77 Selling, General, & Admin. Expense is R$40.3 Mil as of Dec. 2025. GuruFocus rates BSP:VISC11 with a GF Score™ of 77/100 and a GF Value™ of R$116.06 (Fairly Valued). The stock has 4 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. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's selling, general, & admin. expense for the six months ended in Dec. 2025 was R$40.3 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was R$40.3 Mil.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII  (BSP:VISC11) 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.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII Selling, General, & Admin. Expense Related Terms


Vinci Shopping Centers Fundo Investimento Imobiliario-FII Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Vinci Shopping Centers Fundo Investimento Imobiliario-FII'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.

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Selling, General, & Admin. Expense Chart

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.04 29.49 30.98 43.02 40.27

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Semi-Annual Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.04 29.49 30.98 43.02 40.27

BSP:VISC11 vs SPG, O, KIM: Selling, General, & Admin. Expense Comparison

For the REIT - Retail subindustry, Vinci Shopping Centers Fundo Investimento Imobiliario-FII'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.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Selling, General, & Admin. Expense falls into.


BSP:VISC11
77GF Score
Vinci Shopping Centers Fundo Investimento Imobiliario-FII BSP:VISC11
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Vinci Shopping Centers Fundo Investimento Imobiliario-FII 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$40.3 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$40.3 Mil mean?
Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) has a Selling, General, & Admin. Expense of R$40.3 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 Vinci Shopping Centers Fundo Investimento Imobiliario-FII and its competitors.
Is Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Selling, General, & Admin. Expense too high?
Vinci Shopping Centers Fundo Investimento Imobiliario-FII's current Selling, General, & Admin. Expense is R$40.3 Mil. Overall, Vinci Shopping Centers Fundo Investimento Imobiliario-FII has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Selling, General, & Admin. Expense compare to SPG and O?
Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Selling, General, & Admin. Expense of R$40.3 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 Vinci Shopping Centers Fundo Investimento Imobiliario-FII and its competitors. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's current Selling, General, & Admin. Expense is R$40.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinci Shopping Centers Fundo Investimento Imobiliario-FII stock overvalued right now?
Based on GuruFocus' analysis, Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) is currently considered Fairly Valued. The stock's GF Value™ is R$116.06, compared to a current price of R$105.42 — trading 9.2% below its estimated fair value. The current Selling, General, & Admin. Expense is R$40.3 Mil. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's overall GF Score™ is 77/100 with 4 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 Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11), the current Selling, General, & Admin. Expense is R$40.3 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 Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) Overvalued in 2026?

Based on GuruFocus' analysis, Vinci Shopping Centers Fundo Investimento Imobiliario-FII stock appears to be undervalued. The current stock price of R$105.42 is trading 9.2% below its estimated GF Value™ of R$116.06. GuruFocus considers Vinci Shopping Centers Fundo Investimento Imobiliario-FII to be Fairly Valued.

Key valuation signals for BSP:VISC11:

  • Selling, General, & Admin. Expense: R$40.3 Mil
  • GF Value™: R$116.06 vs. price of R$105.42 (9.2% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the BSP:VISC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII Business Description

Industry Real EstateREITs
Address Avenida Bartolomeu Mitre, 336, Leblon, Rio de Janeiro, RJ, BRA, 22431-002
Vinci Shopping Centers Fundo Investimento Imobiliario-FII is a real estate investment trust. The company invests in real estate properties of shopping centers and / or related, such as strip malls, outlet centers, among others. The objective of the Fund is to obtain income through the investment of resources, predominantly in real estate, as well as in any real rights over real estate or, even, through indirect investment in real estate through the acquisition of real estate assets.
77GF Score

Get the complete analysis for BSP:VISC11

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

R$105.42
Price
R$116.06
GF Value