O futuro dos FIIs: o que vem depois dos juros altos?

💰 FREE MATERIALS ON REAL ESTATE FUNDS ⬇️ YOUR PORTFOLIO BUILDING IN LESS THAN 5 MINUTES - On July 13th, live, Suno launches the tool that does this, and those present will get access with a special launch offer: https://lp2.suno.com.br/cl/semana-do-... (FREE) 📊 Simulate and organize your financial life in 3 steps. Download the financial control spreadsheet created by Professor Baroni: https://lp.suno.com.br/planilha-da-vi... (FREE) 📘 Want to learn more about REITs? Download this free ebook about Real Estate Investment Trusts: https://lp.suno.com.br/ebook-investin... ============================================================ In this special episode of Liga de FIIs, Professor Baroni participates in an essential conversation about the present and future of real estate investment trusts in Brazil. After revisiting the origins of the industry, the arrival of individual investors, the creation of the IFIX (Brazilian Real Estate Investment Fund Index), and the great expansion cycle of REITs between 2017 and 2021, it's time to look at what has changed since 2022. For this discussion, the program welcomes André Masetti, partner at XP Asset and manager of MXRF11, and Rodrigo Abbud, partner at Pátria Investimentos, one of the largest real estate investment platforms in the country. In the conversation, they discuss the impacts of high interest rates on real estate funds, the evolution of paper REITs and brick-and-mortar REITs, the importance of professional management, the consolidation process of the industry, transactions between funds, payment in shares, and the possible entry of institutional and foreign investors into this market. This episode helps investors understand a more mature phase of REITs. A phase in which looking only at dividend yield, share price, or number of properties is no longer sufficient. The market is more selective, funds are larger, and the role of the fund manager has gained even more importance. 💬 Is there any other topic you'd like to see covered on this channel? Just write in the comments or send it to my Instagram:   / professorbaroni   00:00 Opening of the last special episode 00:53 The snapshot from 2022 onwards in real estate funds 01:55 Presentation by André Masetti, XP Asset and MXRF11 02:25 Presentation by Rodrigo Abbud, Pátria Investimentos 02:49 Professor Baroni's participation in the episode 03:27 What has changed in REITs after the expansion cycle 04:32 Low interest rates, paper funds and the search for returns 06:08 The impact of rising interest rates on CRI funds 07:03 Private credit, spreads and risks in the market 08:35 Brick-and-mortar funds, selectivity and investor maturity 10:21 The difference between sectors within real estate funds 12:05 How consolidation opened opportunities for large asset managers 12:56 Funds Larger, more liquid, and more predictable dividends 16:30 Why management has become more important in REITs 18:13 The role of the management team in paper and brick-and-mortar funds 22:24 The institutionalization of management in real estate funds 24:32 The concept of brand and quality standard in REITs 26:58 Transactions between funds and asset swaps 28:25 Why transactions between REITs can be healthy 31:02 Consolidation, scale, and parallels with the American market 35:15 Payment in shares as a growth currency for funds 38:00 What is missing for the next phase of the REIT industry 38:35 Institutional investors, foreign investors, and governance 40:15 Is there still room for small funds? 41:35 The trend of a few names with gigantic size Marcos Baroni is a CNPI-certified securities analyst and accredited by APIMEC, currently affiliated with Suno Research. Your participation in this video is for educational and informational purposes only and does not constitute an investment analysis report, recommendation, suggestion, offer, or advice for investing in any securities. The Suno S.A. corporate structure includes Suno Research and Suno Consultoria, and it is also the controlling company of Suno Gestora de Recursos Ltda and Suno Desenvolvimento Ltda. These companies, although part of the Suno Group, have independent and autonomous structures with their own policies and procedures. The Suno Group, through its subsidiaries, maintains or may maintain commercial relationships with issuers of funds and assets mentioned in this content. Investments in securities involve risks, and past performance does not guarantee future results. Investment decisions should be preceded by proper analysis and reading of the prospectuses and regulations of the assets.