[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"fii-documento:HGCR11":3,"documento:HGCR11:18255":221,"seo:\u002Fdetalhes\u002FHGCR11\u002Fdocumentos\u002F18255":233},{"id":4,"empresa":5,"gestor":13,"cotacoes":20,"patrimonio":135,"vpa":136,"p_vpa":137,"tipo_gestao":138,"mandato":139,"segmento":140,"categoria":141,"grupo":141,"preco_atual":133,"cotacao_atualizada_em":142,"ultima_variacao_cotacao_24h":143,"variacao_cotacao_7d":144,"variacao_cotacao_1m":145,"variacao_cotacao_3m":146,"variacao_cotacao_6m":147,"variacao_cotacao_12m":148,"vacancia_fisica":139,"liquidez_atual":149,"ultimo_dividendo":150,"ultimo_dividend_yield":151,"mes_pagamento_ultimo_dividendo":152,"dividend_yield_3m":153,"dividend_yield_6m":154,"dividend_yield_12m":155,"dividend_yield_medio_12m":156,"qtd_dividendos_pagos_ano_passado":157,"data_ultima_cotacao":131,"pregoes_com_negocio_21":158,"alertas":159,"updated_at":160,"liquidez_media_reais":161,"administrador":162,"taxa_administracao_paga":163,"balanco":164,"resultado_distribuido":171,"publico_alvo":176,"mercados_negociacao_cotas":177,"data_funcionamento":179,"data_final":139,"quantidade_cotas":180,"quantidade_cotistas":181,"detalhes_cotistas":182,"total_investido":187,"investimentos_fundo":188,"imoveis":191,"contratos":139,"custodiante":194,"auditor_independente":200,"formador_mercado":207,"distribuidor_cotas":139,"consultor_especializado":139,"administrador_locacoes":139,"relatorio_anual":214,"analise_administrador":217},669,{"nome":6,"nome_simplificado":7,"nome_comercial":8,"ticker":9,"nome_ticker":10,"nome_pregao":11,"cnpj":12},"PÁTRIA RECEBÍVEIS IMOBILIÁRIOS - FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","PÁTRIA RECEBÍVEIS IMOBILIÁRIOS    RESPONSABILIDADE LIMITADA","Pátria Recebíveis Imobiliários","HGCR11","HGCR11 - PÁTRIA RECEBÍVEIS IMOBILIÁRIOS - FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","FII HGCR PAX","11.160.521\u002F0001-22",{"id":14,"nome":15,"cnpj":16,"endereco":17,"telefone":18,"created_at":19,"updated_at":19},11,"PATRIA INVESTIMENTOS LTDA","12461756000117","Av. 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No mesmo período, o Fundo gerou um resultado base caixa de R$ 196.088.597,48.","O ano de 2025, foi desafiador para o setor como um todo, a insatisfação do mercado no âmbito fiscal nacional,  dentre outros aspectos acentuou o movimento de abertura de juros e as NTN-Bs de duration próximo a 5 anos apresentaram aumento de taxa de mais de  (200 bps) durante o ano de 2024. Este movimento acelerado de deterioração impactou fortemente os preços dos fundos imobiliários durante o ano de 2024, de forma que o HGCR chegou a ser negociado perto de R$86\u002Fcota. Desta maneira com estes parâmetros de preço, a taxa implícita de negociação dos CRIs, já líquida de custos chegou a ser de  IPCA+10,60%.","Para 2026, seguindo as projeções de mercado, enxergamos, uma perspectiva de um novo ciclo de alta de juros e um aumento nos índices inflacionários, com isso buscaremos durante o ano manter os níveis de alocação em spreads maiores ou semelhantes ao já observados na carteira com risco de crédito similar. No mês de Janeiro anunciamos um novo rendimento base de R$ 1,05\u002Fcota, consideramos factível o cenário de possíveis aumentos de rendimentos durante o corrente ano.",{"id":222,"descricao":223,"assunto":224,"tipo":225,"situacao":226,"texto":227,"link_pdf":228,"estruturado":193,"link_original":229,"data_referencia":230,"data_entrega":231,"versao":232},18255,"(HGCR) Relatório Gerencial - 31\u002F12\u002F2025","Relatório Gerencial","Relatórios","(Ativo)","\u003Ch3>Relatório Gerencial\u003C\u002Fh3>\u003Ch2>HGCR11\u003C\u002Fh2>\u003Ch3>Patria Recebíveis Imobiliários FII\u003C\u002Fh3>\u003Ch3>Informações Gerais HGCR11\u003C\u002Fh3>\u003Ch3>Objetivo do Fundo\u003C\u002Fh3>\u003Cp>O Fundo tem por objeto proporcionar a seus cotistas a valorização e a rentabilidade de suas cotas no longo prazo, conforme a política de investimentos do Fundo, preponderantemente pelo investimento nos Ativos (conforme definidos no artigo 6º do Regulamento), buscando o aumento do valor patrimonial das cotas do Fundo, advindo dos rendimentos dos Ativos que compõem o patrimônio do Fundo ou da negociação de Ativos.\u003C\u002Fp>\u003Ch3>Para mais informações, clique aqui e acesse o Regulamento do Fundo\u003C\u002Fh3>\u003Ch3>Início das Atividades\u003C\u002Fh3>\u003Ch3>Dezembro 2009\u003C\u002Fh3>\u003Cp>HGCR11\u003C\u002Fp>\u003Cp>15.418.106\u003C\u002Fp>\u003Cp>Indeterminado\u003C\u002Fp>\u003Ch3>Tipo Anbima\u003C\u002Fh3>\u003Cp>Papel Híbrido Gestão Ativa, Multicategoria\u003C\u002Fp>\u003Ch3>Gestor*\u003C\u002Fh3>\u003Cp>Patria Investimentos Ltda.\u003C\u002Fp>\u003Cp>Administrador e Escriturador*\u003C\u002Fp>\u003Cp>Banco Genial S.A.\u003C\u002Fp>\u003Ch3>Taxa de Administração Total*\u003C\u002Fh3>\u003Cp>0,8% ao ano sobre o valor de mercado do fundo.\u003C\u002Fp>\u003Ch3>Taxa de Performance*\u003C\u002Fh3>\u003Cp>20% sobre o excedente de 110% da média do CDI.\u003C\u002Fp>\u003Ch3>Público Alvo\u003C\u002Fh3>\u003Cp>Investidores em geral\u003C\u002Fp>\u003Ch3>Resumo do Cenário de FIIs\u003C\u002Fh3>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Cp>Performance Setorial do IFIX*\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Valor de\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Nº de\u003C\u002Ftd>\u003Ctd>Mercado\u003C\u002Ftd>\u003Ctd>P\u002FVP*\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Fundos\u003C\u002Ftd>\u003Ctd>(R$ MM)*\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Mês\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>112\u003C\u002Ftd>\u003Ctd>147.543\u003C\u002Ftd>\u003Ctd>0,90\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Office\u003C\u002Ftd>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>10.989\u003C\u002Ftd>\u003Ctd>0,67\u003C\u002Ftd>\u003Ctd>5,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Logística\u003C\u002Ftd>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>27.656\u003C\u002Ftd>\u003Ctd>0,94\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Shopping\u003C\u002Ftd>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>19.008\u003C\u002Ftd>\u003Ctd>0,88\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - CRIs\u003C\u002Ftd>\u003Ctd>43\u003C\u002Ftd>\u003Ctd>59.211\u003C\u002Ftd>\u003Ctd>0,91\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - FOFs\u003C\u002Ftd>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>7.229\u003C\u002Ftd>\u003Ctd>0,88\u003C\u002Ftd>\u003Ctd>6,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Renda Urbana\u003C\u002Ftd>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>9.050\u003C\u002Ftd>\u003Ctd>0,98\u003C\u002Ftd>\u003Ctd>-0,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Outros\u003C\u002Ftd>\u003Ctd>17\u003C\u002Ftd>\u003Ctd>14.400\u003C\u002Ftd>\u003Ctd>0,90\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Performance Setorial Ponderada do IFIX*\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_2_chart_5.jpg\">\u003C\u002Fp>\u003Ch3>PANORAMA DE DEZEMBRO\u002F25:\u003C\u002Fh3>\u003Cp>\u003Cstrong>O ano de 2025 terminou trazendo aos investidores de FIIs motivos claros para comemorar\u003C\u002Fstrong>. Apesar da retomada da alta da Selic, que fechou em 15% a.a. (maior nível desde 2006) \u003Cstrong>o IFIX valorizou +21,1% no período\u003C\u002Fstrong>, equivalente a +147% do CDI. Em outras palavras, mesmo com juros elevados, prevaleceu no mercado, sobretudo no segundo semestre, a percepção de que o ciclo de aperto monetário se aproxima do fim. Esse movimento sustentou a \u003Cstrong>recuperação dos FIIs, com destaque para os fundos de Tijolo¹\u003C\u002Fstrong> (+21,9%), seguidos pelos fundos de Papel² (+17,6%).\u003C\u002Fp>\u003Cp>\u003Cstrong>Dezembro consolidou essa tendência ao registrar o segundo melhor desempenho mensal do ano\u003C\u002Fstrong>, com alta de +3,1% no IFIX (Tijolo¹ = +2,2% e Papel² = +3,4%). O último mês intensificou a trajetória positiva iniciada em agosto, quando o índice acumulou cinco meses consecutivos de alta, com outubro sendo o único abaixo de 1%.\u003C\u002Fp>\u003Cp>Encerramos 2025 com juro real próximo a 10% a.a. e inflação inferior a 5%. Somando esse quadro doméstico ao início do ciclo de cortes nos EUA, iniciado em setembro, o mercado já precifica a Selic perto do pico. Embora seja cedo para definir ritmo e magnitude dos cortes em 2026 (ano eleitoral) \u003Cstrong>está consolidada a percepção de fim do aperto, com possibilidade de flexibilização entre o fim do primeiro e o segundo trimestre\u003C\u002Fstrong>. Nesse contexto, muitos investidores anteciparam o movimento, ampliando exposição a FIIs ainda descontados após anos de alta da taxa básica.\u003C\u002Fp>\u003Cp>Vale lembrar que o IFIX é um índice de total return, incorporando variação das cotas e rendimentos. Considerando dividend yield médio de 10% a.a., a valorização efetiva das cotas foi próxima a 11%. Mesmo após forte desempenho, fundos de tijolo encerraram negociando, em média, a P\u002FVP de 0,88x. Em segmentos específicos, os descontos são maiores: lajes corporativas giram em torno de 0,70x. Isso indica \u003Cstrong>espaço para valorização adicional à medida que os cortes da Selic avancem.\u003C\u002Fstrong> Soma-se a isso a resiliência dos fundamentos imobiliários, seja em vacância e preços de aluguel nos fundos de tijolo, seja nos baixos níveis de inadimplência nos fundos de papel.\u003C\u002Fp>\u003Cp>Assim, a indústria de FIIs fecha 2025 com balanço positivo, tanto pelo retorno entregue quanto pela perspectiva futura, combinada a um carrego isento próximo a dois dígitos. Embora 2026 possa trazer maior volatilidade por fatores eleitorais, macroeconômicos e geopolíticos, \u003Cstrong>os FIIs seguem como classe atrativa para o investidor brasileiro\u003C\u002Fstrong>.\u003C\u002Fp>\u003Ch3>Resumo HGCR11\u003C\u002Fh3>\u003Cp>\u003Cstrong>R$ 1.517,1 milhões R$ 98,40\u002Fcota\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_3_image_2.jpg\">\u003C\u002Fp>\u003Cp>Volume Médio Diário Negociado no Mês\u003C\u002Fp>\u003Cp>R$ 3,5 milhões\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_3_image_5.jpg\">\u003C\u002Fp>\u003Cp>Rendimento por Cota\u003C\u002Fp>\u003Cp>R$ 1,00\u003C\u002Fp>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_3_image_9.jpg\">\u003C\u002Fp>\u003Cp>Reserva Acumulada\u003C\u002Fp>\u003Cp>R$ 0,75\u002Fcota\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_3_image_12.jpg\">\u003C\u002Fp>\u003Cp>Número de Cotistas\u003C\u002Fp>\u003Cp>100.257\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Yield\u003C\u002Fth>\u003Cth>IPCA\u003C\u002Fth>\u003Cth>Yield\u003C\u002Fth>\u003Cth>Prazo Médio\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>CRI + Op. Estrut\u003C\u002Ftd>\u003Ctd>% PL86,2%\u003C\u002Ftd>\u003Ctd>Nominal14,1%\u003C\u002Ftd>\u003Ctd>Ref.4,5%\u003C\u002Ftd>\u003Ctd>(IPCA +)9,2%\u003C\u002Ftd>\u003Ctd>(Anos)3,6\u003C\u002Ftd>\u003Ctd>Spread1,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>9,3%\u003C\u002Ftd>\u003Ctd>15,9%\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>11,2%\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Carteira\u003C\u002Ftd>\u003Ctd>95,5%\u003C\u002Ftd>\u003Ctd>14,3%\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Caixa\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compromissada\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Portfólio\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>14,2%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Tabela de Sensibilidade\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Yield portfolio\u003C\u002Fth>\u003Cth>Yield (-) custos\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Preço mercado\u003C\u002Ftd>\u003Ctd>(IPCA +)\u003C\u002Ftd>\u003Ctd>(IPCA +)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>105,51\u003C\u002Ftd>\u003Ctd>8,75%\u003C\u002Ftd>\u003Ctd>7,85%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>103,01\u003C\u002Ftd>\u003Ctd>8,97%\u003C\u002Ftd>\u003Ctd>8,07%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>100,51\u003C\u002Ftd>\u003Ctd>9,19%\u003C\u002Ftd>\u003Ctd>8,29%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>98,01\u003C\u002Ftd>\u003Ctd>9,42%\u003C\u002Ftd>\u003Ctd>8,52%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>95,51\u003C\u002Ftd>\u003Ctd>9,67%\u003C\u002Ftd>\u003Ctd>8,77%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>93,01\u003C\u002Ftd>\u003Ctd>9,93%\u003C\u002Ftd>\u003Ctd>9,03%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>90,51\u003C\u002Ftd>\u003Ctd>10,20%\u003C\u002Ftd>\u003Ctd>9,30%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Comentários da Gestão (1\u002F2)\u003C\u002Fh3>\u003Ch3>RESULTADO & RENDIMENTOS DISTRIBUÍDOS:\u003C\u002Fh3>\u003Cp>No mês de dezembro de 2025, o Fundo apresentou um \u003Cstrong>resultado distribuível de R$ 1,13\u002Fcota\u003C\u002Fstrong>, valor que serviu de base para a \u003Cstrong>distribuição dos rendimentos, no valor de R$ 1,00\u002Fcota\u003C\u002Fstrong>, pagos aos cotistas no dia 15 de janeiro de 2026. Considerando o \u003Cstrong>resultado distribuído\u003C\u002Fstrong>, o Fundo encerrou o mês com resultado acumulado no valor de R$ 0,75\u002Fcota (vs. R$ 0,62\u002Fcota em novembro) e com saldo de inflação acruada de R$ 0,81\u002Fcota (vs. R$ 1,07\u002Fcota em novembro), totalizando R$ 1,56\u002Fcota em resultados acumulados e inflação acruada ao final de dezembro (vs. R$ 1,69\u002Fcota em novembro).\u003C\u002Fp>\u003Cp>No mês, o resultado do Fundo foi impactado positivamente em \u003Cstrong>(i) R$ 0,47\u002Fcota pela venda total da posição nos CRIs GPA Sênior e GPA Subordinado, (ii) R$ 0,02\u002Fcota\u003C\u002Fstrong> resultantes da \u003Cstrong>venda total do CRI Iguatemi Fortaleza Mezanino\u003C\u002Fstrong> e da \u003Cstrong>diminuição da exposição ao CRI Almeida Jr. I,\u003C\u002Fstrong> e \u003Cstrong>(iii) R$ 0,03\u002Fcota\u003C\u002Fstrong> referentes ao \u003Cstrong>recebimento de prêmios dos CRIs Urban Hub, Mega Moda, Ecopark II, EBM e JFL Ipês.\u003C\u002Fstrong> Por outro lado, a venda da posição que o fundo detinha no \u003Cstrong>FII GAME11\u003C\u002Fstrong> gerou um resultado \u003Cstrong>negativo de R$ 0,16\u002Fcota.\u003C\u002Fstrong> Mais detalhes a respeito das principais transações estão descritos adiante.\u003C\u002Fp>\u003Cp>Aproveitamos para informar que o guidance de rendimentos do Fundo está sob reavaliação, considerando fatores econômicos recentes, principalmente a desaceleração da inflação, que deve exercer influência sobre as receitas do Fundo no curto prazo. Eventuais ajustes serão comunicados oportunamente, buscando a transparência e a previsibilidade informacional aos cotistas.\u003C\u002Fp>\u003Ch3>RESUMO DA CARTEIRA:\u003C\u002Fh3>\u003Cp>Encerramos o mês com \u003Cstrong>95,5% do patrimônio líquido alocado\u003C\u002Fstrong>, sendo \u003Cstrong>86,2% em CRI e Operações Estruturadas\u003C\u002Fstrong> com uma \u003Cstrong>rentabilidade média ponderada de 14,1% a.a. (IPCA+ 9,2% a.a.)\u003C\u002Fstrong>, prazo médio de 3,6 anos e spread médio de 1,4% a.a.\u003C\u002Fp>\u003Cp>A carteira conta com \u003Cstrong>40 CRI e 1 Operação Estruturada\u003C\u002Fstrong>, sendo \u003Cstrong>90%\u003C\u002Fstrong> da carteira¹ indexados ao \u003Cstrong>IPCA (IPCA+ 9,0% a.a.)\u003C\u002Fstrong>, \u003Cstrong>9%\u003C\u002Fstrong> indexados ao \u003Cstrong>CDI (CDI+ 3,2% a.a.), 1%\u003C\u002Fstrong> a uma taxa \u003Cstrong>pré fixada de 14%\u003C\u002Fstrong> e \u003Cstrong>0,1%\u003C\u002Fstrong> ao \u003Cstrong>IGPM (IGPM+ 10,5%)\u003C\u002Fstrong>. Além disso, o Fundo carrega uma alocação estratégica em fundos de investimento imobiliário. Para mais detalhes sobre essa alocação, \u003Cu>clique aqui.\u003C\u002Fu>\u003C\u002Fp>\u003Ch3>Comentários da Gestão (2\u002F2)\u003C\u002Fh3>\u003Ch3>MOVIMENTAÇÕES DA CARTEIRA:\u003C\u002Fh3>\u003Cp>No mês de dezembro de 2025, o Fundo fez duas novas alocações táticas, sendo a primeira no \u003Cstrong>FII GARE11,\u003C\u002Fstrong> no valor de \u003Cstrong>R$ 50 milhões,\u003C\u002Fstrong> e a segunda no \u003Cstrong>CRI WTC\u003C\u002Fstrong> no valor de \u003Cstrong>R$ 8,5 milhões,\u003C\u002Fstrong> a uma taxa de \u003Cstrong>CDI +2,01%.\u003C\u002Fstrong> O Fundo também alocou \u003Cstrong>R$ 8,5 milhões\u003C\u002Fstrong> no \u003Cstrong>CRI Carrefour a uma taxa PRÉ de 14% a.a.. Para mais informações sobre as novas operações,\u003C\u002Fstrong> \u003Cstrong>\u003Cu>clique aqui\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>.\u003C\u002Fstrong> Além disso, o Fundo aumentou a sua exposição nos seguintes CRI, já detidos pelo Fundo: (i) \u003Cstrong>Ecopark II\u003C\u002Fstrong>, no valor de \u003Cstrong>R$ 15 milhões\u003C\u002Fstrong>, à taxa de \u003Cstrong>IPCA + 8,75%\u003C\u002Fstrong>; (ii) \u003Cstrong>JFL Lorena II\u003C\u002Fstrong>, no valor de \u003Cstrong>R$ 7,8 milhões\u003C\u002Fstrong>, à taxa de \u003Cstrong>IPCA + 10,5%\u003C\u002Fstrong>; (iii) \u003Cstrong>Mega Moda\u003C\u002Fstrong>, no valor de \u003Cstrong>R$ 15 milhões\u003C\u002Fstrong>, à taxa de \u003Cstrong>IPCA + 8,9%\u003C\u002Fstrong>.\u003C\u002Fp>\u003Cp>Ainda, conforme mencionado, o Fundo vendeu sua posição no \u003Cstrong>(i) CRIs GPA Sênior e GPA Subordinado\u003C\u002Fstrong>, no valor total de \u003Cstrong>R$ 110 milhões, (ii) CRI Iguatemi Fortaleza Mezanino,\u003C\u002Fstrong> no valor de \u003Cstrong>R$ 3,5 milhões,\u003C\u002Fstrong> e \u003Cstrong>(iii) FII GAME11,\u003C\u002Fstrong> no valor de \u003Cstrong>R$ 17,5 milhões\u003C\u002Fstrong>. Adicionalmente, a exposição ao \u003Cstrong>CRI Almeida Jr. I foi reduzida em R$ 5 milhões.\u003C\u002Fstrong> A venda dos CRI permitirá ao time de gestão a \u003Cstrong>reciclagem da carteira\u003C\u002Fstrong>, com a alocação de recursos em operações com melhor carrego.\u003C\u002Fp>\u003Cp>Os \u003Cstrong>CRIs GPA Sênior e GPA Subordinado\u003C\u002Fstrong>, originalmente \u003Cstrong>estruturados e integralmente adquiridos pelo Fundo\u003C\u002Fstrong> em 2023, \u003Cstrong>foram vendidos\u003C\u002Fstrong> em mercado secundário pela sua taxa de remuneração, reconhecendo, assim, \u003Cstrong>resultado significativo de pré-pagamento\u003C\u002Fstrong> da operação pelo deságio entre a taxa de aquisição e a taxa de remuneração, gerando \u003Cstrong>uma TIR nominal de 13,7% a.a.,\u003C\u002Fstrong> equivalente a \u003Cstrong>IPCA+9,4% a.a. e CDI+1,1% a.a.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>• Em relação às receitas extraordinárias, é importante pontuar o recebimento do \u003Cstrong>prêmio\u003C\u002Fstrong> do \u003Cstrong>CRI Urban Hub,\u003C\u002Fstrong> no valor de \u003Cstrong>R$ 401 mil,\u003C\u002Fstrong> equivalente a \u003Cstrong>R$ 0,026\u002Fcota\u003C\u002Fstrong>, integralmente no mês de dezembro de 2025, o qual foi negociado em contrapartida à venda do ativo lastro da operação e consequente substituição de cedente da operação. \u003Cstrong>COMPROMISSADAS:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>• O Fundo terminou o mês sem operações compromissadas. \u003Cstrong>WATCHLIST\u003C\u002Fstrong>:\u003C\u002Fp>\u003Cp>Neste mês, tivemos importantes atualizações na renegociação do CRI Quota, para mais informações \u003Cu>clique aqui\u003C\u002Fu>. Para além disso, não foram adicionados novos CRI no watchlist.\u003C\u002Fp>\u003Cp>Performance\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_6_chart_1.jpg\">\u003C\u002Fp>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>Mês\u003C\u002Ftd>\u003Ctd>2025\u003C\u002Ftd>\u003Ctd colspan=\"2\">D(eAscduem oula indíoc)io Desd(ea.a o.) início\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>HGCR11¹\u003C\u002Ftd>\u003Ctd>6,1%\u003C\u002Ftd>\u003Ctd>15,2%\u003C\u002Ftd>\u003Ctd>505,1%\u003C\u002Ftd>\u003Ctd>12,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003Ctd>21,1%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CDI Bruto\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>14,3%\u003C\u002Ftd>\u003Ctd>319,7%\u003C\u002Ftd>\u003Ctd>9,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IMA-B\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>13,2%\u003C\u002Ftd>\u003Ctd>401,7%\u003C\u002Ftd>\u003Ctd>11,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Distribuições por Cota²\u003C\u002Fp>\u003Cp>Média 12M | R$ 1,03\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_6_chart_6.jpg\">\u003C\u002Fp>\u003Cp>jan-25 fev-25 mar-25 abr-25 mai-25 jun-25 jul-25 ago-25 set-25 out-25 nov-25 dez-25\u003C\u002Fp>\u003Cp>Dividend Yield*\u003C\u002Fp>\u003Cp>Dividend Yield anualizado (sobre a cota patrimonial) Dividend Yield anualizado (sobre a cota de fechamento)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_6_chart_10.jpg\">\u003C\u002Fp>\u003Cp>jan-25 fev-25 mar-25 abr-25 mai-25 jun-25 jul-25 ago-25 set-25 out-25 nov-25 dez-25\u003C\u002Fp>\u003Ch3>Resultado\u003C\u002Fh3>\u003Ch3>Demonstração de Resultado (R$)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>DEZ-25\u003C\u002Fth>\u003Cth>R$\u002FCOTA\u003C\u002Fth>\u003Cth>ACUM. 2025\u003C\u002Fth>\u003Cth>ACUM. 12M\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Juros e Correção Monetária (CRI)\u003C\u002Ftd>\u003Ctd>11.343.613\u003C\u002Ftd>\u003Ctd>0,74\u003C\u002Ftd>\u003Ctd>181.284.888\u003C\u002Ftd>\u003Ctd>181.284.888\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado com FII\u003C\u002Ftd>\u003Ctd>943.242\u003C\u002Ftd>\u003Ctd>0,06\u003C\u002Ftd>\u003Ctd>12.223.169\u003C\u002Ftd>\u003Ctd>12.223.169\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Extraordinária\u003C\u002Ftd>\u003Ctd>5.727.298\u003C\u002Ftd>\u003Ctd>0,37\u003C\u002Ftd>\u003Ctd>16.110.415\u003C\u002Ftd>\u003Ctd>16.110.415\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas - Total\u003C\u002Ftd>\u003Ctd>18.014.154\u003C\u002Ftd>\u003Ctd>1,17\u003C\u002Ftd>\u003Ctd>209.618.472\u003C\u002Ftd>\u003Ctd>209.618.472\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas - Total\u003C\u002Ftd>\u003Ctd>(978.484)\u003C\u002Ftd>\u003Ctd>(0,06)\u003C\u002Ftd>\u003Ctd>(12.551.930)\u003C\u002Ftd>\u003Ctd>(12.551.930)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Financeiro Líquido\u003C\u002Ftd>\u003Ctd>383.297\u003C\u002Ftd>\u003Ctd>0,02\u003C\u002Ftd>\u003Ctd>(990.225)\u003C\u002Ftd>\u003Ctd>(990.225)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuível*\u003C\u002Ftd>\u003Ctd>17.418.967\u003C\u002Ftd>\u003Ctd>1,13\u003C\u002Ftd>\u003Ctd>196.076.318\u003C\u002Ftd>\u003Ctd>196.076.318\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuído\u003C\u002Ftd>\u003Ctd>15.418.106\u003C\u002Ftd>\u003Ctd>1,00\u003C\u002Ftd>\u003Ctd>191.955.420\u003C\u002Ftd>\u003Ctd>191.955.420\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Cp>Resultado do Fundo*(R$\u002Fcota)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_7_chart_5.jpg\">\u003C\u002Fp>\u003Cp>~~Movimentação da Reserva Acumulada (R$\u002Fcota)~~\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_7_chart_7.jpg\">\u003C\u002Fp>\u003Ch3>Carteira de Ativos\u003Csup>1\u003C\u002Fsup> (1\u002F2)\u003C\u002Fh3>\u003Cp>Ativos Imobiliários\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_8_chart_3.jpg\">\u003C\u002Fp>\u003Cp>Varejo Logística Residencial Corporativo Data Center Hotel\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_8_chart_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_8_image_6.jpg\">\u003C\u002Fp>\u003Cp>Portfólio com 41 CRI¹, diversificado em 6 segmentos distintos, sendo as maiores exposições ao segmentos de varejo (36%), residencial (21%) e logística (21%). Boa diversificação regional, com maior exposição a SP (mais de 44% da carteira de CRI).\u003C\u002Fp>\u003Ch3>Carteira de Ativos\u003Csup>1\u003C\u002Fsup> (2\u002F2)\u003C\u002Fh3>\u003Ch3>Distribuição por CRI\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_9_chart_3.jpg\">\u003C\u002Fp>\u003Cp>Distribuição por LTV\u003C\u002Fp>\u003Cp>Distribuição por Vencimento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_9_chart_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV Médio\u003C\u002Fstrong> Ponderado de \u003Cstrong>45%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_9_chart_8.jpg\">\u003C\u002Fp>\u003Ch3>Alocação por Indexador\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_9_chart_10.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Taxa MTM\u003C\u002Fth>\u003Cth>Taxa Aq\u003C\u002Fth>\u003Cth>Prazo Médio\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>a.a.\u003C\u002Ftd>\u003Ctd>a.a.\u003C\u002Ftd>\u003Ctd>(Anos)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>7,9%\u003C\u002Ftd>\u003Ctd>3,70\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3,2%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,06\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>2,44\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>8,4%\u003C\u002Ftd>\u003Ctd>2,81\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>*Termos e definições no glossário (clique aqui). ¹ Considera CRI e Operações Estruturadas.\u003C\u002Fp>\u003Ch3>Detalhamento de Ativos (1\u002F2)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>M (RoMn$tT maMnmt)e\u003C\u002Fth>\u003Cth>%\u002FPL\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>UF\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Código B3\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>ETma (axi.saas. dã) eo\u003C\u002Fth>\u003Cth>ATqa (uaxi.saai.ç d)ãeo\u003C\u002Fth>\u003Cth>Tax (aa.a M.)TM\u003C\u002Fth>\u003Cth>P Mréadzioo\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>LTV\u003C\u002Fth>\u003Cth>Garantias\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>Almeida Jr. I\u003C\u002Ftd>\u003Ctd>117,2\u003C\u002Ftd>\u003Ctd>7,72%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>Riza Sec\u003C\u002Ftd>\u003Ctd>20I0047200\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>9,3%\u003C\u002Ftd>\u003Ctd>5,88\u003C\u002Ftd>\u003Ctd>ago-39\u003C\u002Ftd>\u003Ctd>37,1%\u003C\u002Ftd>\u003Ctd>AFI, FR, Aval Sócio, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>Mega Moda\u003C\u002Ftd>\u003Ctd>84,2\u003C\u002Ftd>\u003Ctd>5,55%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>GO\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22L1668408\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003Ctd>4,01\u003C\u002Ftd>\u003Ctd>dez-34\u003C\u002Ftd>\u003Ctd>32,0%\u003C\u002Ftd>\u003Ctd>AFI, CF, Aval Sócio, Aval Cia\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>Leo Madeiras\u003C\u002Ftd>\u003Ctd>72,5\u003C\u002Ftd>\u003Ctd>4,78%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22A0699149\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,0%\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>7,3%\u003C\u002Ftd>\u003Ctd>4,91\u003C\u002Ftd>\u003Ctd>abr-37\u003C\u002Ftd>\u003Ctd>54,7%\u003C\u002Ftd>\u003Ctd>AFI, FD, Fiança\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>Globo\u003C\u002Ftd>\u003Ctd>69,4\u003C\u002Ftd>\u003Ctd>4,57%\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22A0695877\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,9%\u003C\u002Ftd>\u003Ctd>7,0%\u003C\u002Ftd>\u003Ctd>7,9%\u003C\u002Ftd>\u003Ctd>4,78\u003C\u002Ftd>\u003Ctd>jan-37\u003C\u002Ftd>\u003Ctd>65,0%\u003C\u002Ftd>\u003Ctd>AFI, CF, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>Quota\u003C\u002Ftd>\u003Ctd>68,1\u003C\u002Ftd>\u003Ctd>4,49%\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22E1313202\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,00\u003C\u002Ftd>\u003Ctd>jun-32\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>AFI, AFQ, Aval Sócio\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6\u003C\u002Ftd>\u003Ctd>BHG SP\u002FRJ\u003C\u002Ftd>\u003Ctd>67,5\u003C\u002Ftd>\u003Ctd>4,45%\u003C\u002Ftd>\u003Ctd>Hotel\u003C\u002Ftd>\u003Ctd>SP e RJ\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>24B1693195\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>2,97\u003C\u002Ftd>\u003Ctd>fev-34\u003C\u002Ftd>\u003Ctd>37,8%\u003C\u002Ftd>\u003Ctd>AFI, CFR, FR, Coobrigação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7\u003C\u002Ftd>\u003Ctd>Scala I\u003C\u002Ftd>\u003Ctd>65,3\u003C\u002Ftd>\u003Ctd>4,30%\u003C\u002Ftd>\u003Ctd>Data Center\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>24J3438891\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003Ctd>9,1%\u003C\u002Ftd>\u003Ctd>3,92\u003C\u002Ftd>\u003Ctd>nov-34\u003C\u002Ftd>\u003Ctd>55,0%\u003C\u002Ftd>\u003Ctd>AFI, CF, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>JFL Lorena\u003C\u002Ftd>\u003Ctd>62,9\u003C\u002Ftd>\u003Ctd>4,15%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22L1429186\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>12,6%\u003C\u002Ftd>\u003Ctd>1,75\u003C\u002Ftd>\u003Ctd>jun-40\u003C\u002Ftd>\u003Ctd>70,1%\u003C\u002Ftd>\u003Ctd>AFI, AFQ, Aval Sócios, Aval Cia\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>Sforza IPCA\u003C\u002Ftd>\u003Ctd>53,3\u003C\u002Ftd>\u003Ctd>3,51%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SP e PR\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>20L0610250\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>16,0%\u003C\u002Ftd>\u003Ctd>2,74\u003C\u002Ftd>\u003Ctd>dez-31\u003C\u002Ftd>\u003Ctd>50,2%\u003C\u002Ftd>\u003Ctd>AFI, AFQ, Aval Sócio, Aval Cia, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>JSL\u003C\u002Ftd>\u003Ctd>51,8\u003C\u002Ftd>\u003Ctd>3,42%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>SP, RJ e RS\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>20A0977906\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>4,14\u003C\u002Ftd>\u003Ctd>jan-35\u003C\u002Ftd>\u003Ctd>63,7%\u003C\u002Ftd>\u003Ctd>AFI, Fiança, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>11\u003C\u002Ftd>\u003Ctd>Ecopark II\u003C\u002Ftd>\u003Ctd>51,0\u003C\u002Ftd>\u003Ctd>3,36%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>PR\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>24J4613741\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,8%\u003C\u002Ftd>\u003Ctd>8,8%\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>4,69\u003C\u002Ftd>\u003Ctd>out-36\u003C\u002Ftd>\u003Ctd>19,3%\u003C\u002Ftd>\u003Ctd>AFI, CF, FR, FD, Aval Sócio\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>12\u003C\u002Ftd>\u003Ctd>BR 12 Sub\u003C\u002Ftd>\u003Ctd>43,9\u003C\u002Ftd>\u003Ctd>2,89%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SP, RJ e DF\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22G0282333\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,6%\u003C\u002Ftd>\u003Ctd>9,3%\u003C\u002Ftd>\u003Ctd>1,43\u003C\u002Ftd>\u003Ctd>jul-27\u003C\u002Ftd>\u003Ctd>63,0%\u003C\u002Ftd>\u003Ctd>AFI, AFQ, CF, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>13\u003C\u002Ftd>\u003Ctd>Assaí\u003C\u002Ftd>\u003Ctd>39,0\u003C\u002Ftd>\u003Ctd>2,57%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>DF, SP, SE, CE e MS\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22E1284935\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,8%\u003C\u002Ftd>\u003Ctd>7,4%\u003C\u002Ftd>\u003Ctd>6,1%\u003C\u002Ftd>\u003Ctd>3,74\u003C\u002Ftd>\u003Ctd>abr-34\u003C\u002Ftd>\u003Ctd>15,5%\u003C\u002Ftd>\u003Ctd>AFQ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>Urbanhub\u003C\u002Ftd>\u003Ctd>36,9\u003C\u002Ftd>\u003Ctd>2,43%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22E1150634\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003Ctd>3,01\u003C\u002Ftd>\u003Ctd>jul-32\u003C\u002Ftd>\u003Ctd>18,1%\u003C\u002Ftd>\u003Ctd>AFI, CF, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>15\u003C\u002Ftd>\u003Ctd>JFL Ipês\u003C\u002Ftd>\u003Ctd>34,9\u003C\u002Ftd>\u003Ctd>2,30%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>20H0872720\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>1,95\u003C\u002Ftd>\u003Ctd>ago-30\u003C\u002Ftd>\u003Ctd>31,6%\u003C\u002Ftd>\u003Ctd>AFQ, Aval Sócio, Aval Cia, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>16\u003C\u002Ftd>\u003Ctd>Almeida Jr. II\u003C\u002Ftd>\u003Ctd>33,6\u003C\u002Ftd>\u003Ctd>2,21%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>Riza Sec\u003C\u002Ftd>\u003Ctd>24H2371051\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,8%\u003C\u002Ftd>\u003Ctd>5,63\u003C\u002Ftd>\u003Ctd>ago-39\u003C\u002Ftd>\u003Ctd>37,1%\u003C\u002Ftd>\u003Ctd>AFI, FR, Aval Sócio, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>17\u003C\u002Ftd>\u003Ctd>Sforza CDI\u003C\u002Ftd>\u003Ctd>32,5\u003C\u002Ftd>\u003Ctd>2,14%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SP e PR\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>20L0610216\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,9%\u003C\u002Ftd>\u003Ctd>5,9%\u003C\u002Ftd>\u003Ctd>4,9%\u003C\u002Ftd>\u003Ctd>3,63\u003C\u002Ftd>\u003Ctd>dez-31\u003C\u002Ftd>\u003Ctd>50,2%\u003C\u002Ftd>\u003Ctd>AFI, AFQ, Aval Sócio, Aval Cia, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>18\u003C\u002Ftd>\u003Ctd>Bioceres\u003C\u002Ftd>\u003Ctd>31,9\u003C\u002Ftd>\u003Ctd>2,10%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>PR\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22F1223555\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,3%\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>4,89\u003C\u002Ftd>\u003Ctd>jun-37\u003C\u002Ftd>\u003Ctd>54,9%\u003C\u002Ftd>\u003Ctd>AFI, CF, AFQ, Aval Sócio\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>19\u003C\u002Ftd>\u003Ctd>EBM Vinhas\u003C\u002Ftd>\u003Ctd>29,7\u003C\u002Ftd>\u003Ctd>1,96%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>GO\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>21 D0695098\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>14,2%\u003C\u002Ftd>\u003Ctd>3,82\u003C\u002Ftd>\u003Ctd>jan-35\u003C\u002Ftd>\u003Ctd>27,5%\u003C\u002Ftd>\u003Ctd>AFI, CF, AFQ, Aval Sócio, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>20\u003C\u002Ftd>\u003Ctd>Creditas III\u003C\u002Ftd>\u003Ctd>29,6\u003C\u002Ftd>\u003Ctd>1,95%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Vert Sec\u003C\u002Ftd>\u003Ctd>21 F1058275\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,7%\u003C\u002Ftd>\u003Ctd>6,7%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>5,32\u003C\u002Ftd>\u003Ctd>jun-41\u003C\u002Ftd>\u003Ctd>31,9%\u003C\u002Ftd>\u003Ctd>AFI\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Detalhamento de Ativos (2\u002F2)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>M (RoMn$tT maMnmt)e\u003C\u002Fth>\u003Cth>%\u002FPL\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>UF\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Código B3\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>ETma (axi.saas. dã) eo\u003C\u002Fth>\u003Cth>ATqa (uaxi.saai.ç d)ãeo\u003C\u002Fth>\u003Cth>Tax (aa.a M.)TM\u003C\u002Fth>\u003Cth>P Mréadzioo\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>LTV\u003C\u002Fth>\u003Cth>Garantias\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>EBM Vinhas II\u003C\u002Ftd>\u003Ctd>27,8\u003C\u002Ftd>\u003Ctd>1,83%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>GO\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>25A3191016\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>9,6%\u003C\u002Ftd>\u003Ctd>3,82\u003C\u002Ftd>\u003Ctd>jan-35\u003C\u002Ftd>\u003Ctd>27,5%\u003C\u002Ftd>\u003Ctd>AFI, CF, AFQ, Aval Sócio, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>22\u003C\u002Ftd>\u003Ctd>FII Unid III Helbor\u003C\u002Ftd>\u003Ctd>26,2\u003C\u002Ftd>\u003Ctd>1,73%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>n\u002Fa\u003C\u002Ftd>\u003Ctd>52112223FII\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,00\u003C\u002Ftd>\u003Ctd>ago-30\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>Obrigação de Recompra, VMD liberado na venda dos imóveis, Desconto na aquisição dos imóveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>23\u003C\u002Ftd>\u003Ctd>JFL Lorena II\u003C\u002Ftd>\u003Ctd>20,8\u003C\u002Ftd>\u003Ctd>1,37%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>25G3477922\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>5,47\u003C\u002Ftd>\u003Ctd>jun-40\u003C\u002Ftd>\u003Ctd>70,1%\u003C\u002Ftd>\u003Ctd>AFI, AFQ, Aval Sócios, Aval Cia\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24\u003C\u002Ftd>\u003Ctd>GPA RBVA\u003C\u002Ftd>\u003Ctd>18,8\u003C\u002Ftd>\u003Ctd>1,24%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>20L0687133\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5,6%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,1%\u003C\u002Ftd>\u003Ctd>4,54\u003C\u002Ftd>\u003Ctd>dez-35\u003C\u002Ftd>\u003Ctd>76,0%\u003C\u002Ftd>\u003Ctd>AFI, CF, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>25\u003C\u002Ftd>\u003Ctd>Natural One\u003C\u002Ftd>\u003Ctd>17,1\u003C\u002Ftd>\u003Ctd>1,13%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>19L0987016\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003Ctd>3,96\u003C\u002Ftd>\u003Ctd>dez-31\u003C\u002Ftd>\u003Ctd>73,8%\u003C\u002Ftd>\u003Ctd>Fiança, AFI, Aval Sócio, Coobrigação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>26\u003C\u002Ftd>\u003Ctd>Scala II\u003C\u002Ftd>\u003Ctd>16,3\u003C\u002Ftd>\u003Ctd>1,07%\u003C\u002Ftd>\u003Ctd>Data Center\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>24J3439259\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>10,9%\u003C\u002Ftd>\u003Ctd>3,75\u003C\u002Ftd>\u003Ctd>nov-34\u003C\u002Ftd>\u003Ctd>55,0%\u003C\u002Ftd>\u003Ctd>AFI, CF, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>27\u003C\u002Ftd>\u003Ctd>Balaroti\u003C\u002Ftd>\u003Ctd>13,7\u003C\u002Ftd>\u003Ctd>0,90%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>PR e SC\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>19J0133907\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>3,2%\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>1,77\u003C\u002Ftd>\u003Ctd>out-29\u003C\u002Ftd>\u003Ctd>26,3%\u003C\u002Ftd>\u003Ctd>AFI, FR, Fiança\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>28\u003C\u002Ftd>\u003Ctd>Creditas I\u003C\u002Ftd>\u003Ctd>12,8\u003C\u002Ftd>\u003Ctd>0,85%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Vert Sec\u003C\u002Ftd>\u003Ctd>20F0755566\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,6%\u003C\u002Ftd>\u003Ctd>6,6%\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>5,11\u003C\u002Ftd>\u003Ctd>jun-40\u003C\u002Ftd>\u003Ctd>34,7%\u003C\u002Ftd>\u003Ctd>AFI\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>29\u003C\u002Ftd>\u003Ctd>JFL V House\u003C\u002Ftd>\u003Ctd>12,1\u003C\u002Ftd>\u003Ctd>0,80%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>19H0221304\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,0%\u003C\u002Ftd>\u003Ctd>7,2%\u003C\u002Ftd>\u003Ctd>12,4%\u003C\u002Ftd>\u003Ctd>2,61\u003C\u002Ftd>\u003Ctd>jul-31\u003C\u002Ftd>\u003Ctd>46,6%\u003C\u002Ftd>\u003Ctd>AFI, FR, Aval Cia, AFQ\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>30\u003C\u002Ftd>\u003Ctd>Cashme Mez\u003C\u002Ftd>\u003Ctd>11,8\u003C\u002Ftd>\u003Ctd>0,77%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22H1697882\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>3,08\u003C\u002Ftd>\u003Ctd>mar-31\u003C\u002Ftd>\u003Ctd>25,0%\u003C\u002Ftd>\u003Ctd>AFI, FR, Fiança Cia\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>31\u003C\u002Ftd>\u003Ctd>WTC\u003C\u002Ftd>\u003Ctd>8,4\u003C\u002Ftd>\u003Ctd>0,56%\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>24J2347147\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003Ctd>5,42\u003C\u002Ftd>\u003Ctd>out-34\u003C\u002Ftd>\u003Ctd>22,0%\u003C\u002Ftd>\u003Ctd>AFI, AFQ, CF, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>Logpar\u003C\u002Ftd>\u003Ctd>8,3\u003C\u002Ftd>\u003Ctd>0,55%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>PR\u003C\u002Ftd>\u003Ctd>Riza Sec\u003C\u002Ftd>\u003Ctd>20L0630618\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>13,9%\u003C\u002Ftd>\u003Ctd>2,33\u003C\u002Ftd>\u003Ctd>dez-30\u003C\u002Ftd>\u003Ctd>8,1%\u003C\u002Ftd>\u003Ctd>AFI, Fiança, Aval Sócio, FR, FO\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>33\u003C\u002Ftd>\u003Ctd>Cashme SR\u003C\u002Ftd>\u003Ctd>8,0\u003C\u002Ftd>\u003Ctd>0,53%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22H1666875\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,1%\u003C\u002Ftd>\u003Ctd>7,6%\u003C\u002Ftd>\u003Ctd>9,9%\u003C\u002Ftd>\u003Ctd>1,85\u003C\u002Ftd>\u003Ctd>nov-29\u003C\u002Ftd>\u003Ctd>37,0%\u003C\u002Ftd>\u003Ctd>AFI, FR, Fiança Cia\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>34\u003C\u002Ftd>\u003Ctd>Carrefour\u003C\u002Ftd>\u003Ctd>7,5\u003C\u002Ftd>\u003Ctd>0,49%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>BA, MG, SP, PE, RS\u003C\u002Ftd>\u003Ctd>Bari Sec\u003C\u002Ftd>\u003Ctd>25L2402882\u003C\u002Ftd>\u003Ctd>Pre-Fixado\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>2,44\u003C\u002Ftd>\u003Ctd>dez-28\u003C\u002Ftd>\u003Ctd>43,3%\u003C\u002Ftd>\u003Ctd>AFI, CF\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>35\u003C\u002Ftd>\u003Ctd>So Marcas\u003C\u002Ftd>\u003Ctd>7,2\u003C\u002Ftd>\u003Ctd>0,47%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>MG\u003C\u002Ftd>\u003Ctd>Forte Sec\u003C\u002Ftd>\u003Ctd>18L1168429\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,8%\u003C\u002Ftd>\u003Ctd>7,3%\u003C\u002Ftd>\u003Ctd>9,8%\u003C\u002Ftd>\u003Ctd>1,45\u003C\u002Ftd>\u003Ctd>dez-28\u003C\u002Ftd>\u003Ctd>28,8%\u003C\u002Ftd>\u003Ctd>AFI, Fiança\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>36\u003C\u002Ftd>\u003Ctd>JFL Ipês II\u003C\u002Ftd>\u003Ctd>6,3\u003C\u002Ftd>\u003Ctd>0,41%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22L0147303\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>2,28\u003C\u002Ftd>\u003Ctd>out-30\u003C\u002Ftd>\u003Ctd>31,6%\u003C\u002Ftd>\u003Ctd>AFQ, Aval Sócio, Aval Cia, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>37\u003C\u002Ftd>\u003Ctd>Iguatemi Fortaleza Mez\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>0,28%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>CE\u003C\u002Ftd>\u003Ctd>Habitasec\u003C\u002Ftd>\u003Ctd>19I0737681\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>1,9%\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>5,20\u003C\u002Ftd>\u003Ctd>set-36\u003C\u002Ftd>\u003Ctd>26,4%\u003C\u002Ftd>\u003Ctd>AFI, CF, Aval Cia, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>38\u003C\u002Ftd>\u003Ctd>Creditas II\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>0,27%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Vert Sec\u003C\u002Ftd>\u003Ctd>20J0837185\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,5%\u003C\u002Ftd>\u003Ctd>6,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>5,75\u003C\u002Ftd>\u003Ctd>out-40\u003C\u002Ftd>\u003Ctd>23,3%\u003C\u002Ftd>\u003Ctd>AFI\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>39\u003C\u002Ftd>\u003Ctd>Pulverizado III\u003C\u002Ftd>\u003Ctd>0,9\u003C\u002Ftd>\u003Ctd>0,06%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>BR Securities\u003C\u002Ftd>\u003Ctd>10K0024718\u003C\u002Ftd>\u003Ctd>IGP-M\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>8,3%\u003C\u002Ftd>\u003Ctd>10,7%\u003C\u002Ftd>\u003Ctd>5,13\u003C\u002Ftd>\u003Ctd>out-30\u003C\u002Ftd>\u003Ctd>67,3%\u003C\u002Ftd>\u003Ctd>AFI, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>40\u003C\u002Ftd>\u003Ctd>Pulverizado II\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>0,05%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>BR Securities\u003C\u002Ftd>\u003Ctd>10G0020942\u003C\u002Ftd>\u003Ctd>IGP-M\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,3%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>0,51\u003C\u002Ftd>\u003Ctd>jun-40\u003C\u002Ftd>\u003Ctd>86,0%\u003C\u002Ftd>\u003Ctd>AFI, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>41\u003C\u002Ftd>\u003Ctd>Swiss Park TOTAL\u003C\u002Ftd>\u003Ctd>0,21.308,1\u003C\u002Ftd>\u003Ctd>0,01%86,2%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>17H0922936\u003C\u002Ftd>\u003Ctd>IGP-M\u003C\u002Ftd>\u003Ctd>9,9%\u003C\u002Ftd>\u003Ctd>9,9%\u003C\u002Ftd>\u003Ctd>10,2%\u003C\u002Ftd>\u003Ctd>0,00\u003C\u002Ftd>\u003Ctd>mai-29\u003C\u002Ftd>\u003Ctd>55,5%\u003C\u002Ftd>\u003Ctd>AFI, FL\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Carteira de Ativos | FIIs\u003C\u002Fh3>\u003Cp>O Fundo carrega uma alocação estratégica em fundos imobiliários, composta por 10 FIIs, que representavam, no fechamento do mês de dezembro, 9,3% do patrimônio líquido do Fundo.\u003C\u002Fp>\u003Cp>Carteira FII – Alocação (% do PL)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_12_chart_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_12_chart_5.jpg\">\u003C\u002Fp>\u003Cp>*Termos e definições no glossário (clique aqui). Fonte: Economatica.\u003C\u002Fp>\u003Ch3>Novas Operações\u003C\u002Fh3>\u003Ch3>FII GARE11\u003C\u002Fh3>\u003Cp>Alocação tática de recursos no FII GARE11, no volume total de R$ 50 mi, em contrapartida à venda total da posição alocada no FII GAME11. A integralização, feita no mercado primário pelo valor de R$ 9,01\u002Fcota, ou seja, em linha com o valor de mercado das cotas negociadas no mercado secundário no mês de dezembro de 2025, visa melhorar tanto as condições de carrego da carteira, considerando um dividend yield em linha com os demais peers de mercado, quanto a saída da posição pelo Fundo, considerando a maior liquidez das cotas no mercado de bolsa.\u003C\u002Fp>\u003Ch3>CRI WTC\u003C\u002Fh3>\u003Cp>Alocação tática de \u003Cstrong>R$ 8,5 milhões\u003C\u002Fstrong> no CRI WTC, à taxa de \u003Cstrong>CDI + 2,01%,\u003C\u002Fstrong> para melhora do carrego da carteira de CRI do Fundo. O CRI, que tem lastro em CCI representativas dos contratos de venda e compra e de locações do Complexo WTC, localizado às margens do Rio Pinheiros, em São Paulo\u002FSP, conta com garantias reais robustas, quais sejam, alienação fiduciária de fração ideal do imóvel, cessão fiduciária dos direitos creditórios, alienação fiduciária de cotas e de debêntures e fundo de reserva, além de coobrigação, outorgada pelo Fundo, em garantia das obrigações garantidas das locações. Adicionalmente, em janeiro de 2026, foi acordado em assembleia de investidores o pagamento de um spread adicional de 1,5% ao ano, a título de prêmio extraordinário, sobre o saldo devedor da operação, a contar da data da realização da assembliea até a data do evento de resgate, observado o prazo máximo de 30 de junho de 2026.\u003C\u002Fp>\u003Ch3>CRI Carrefour\u003C\u002Fh3>\u003Cp>Alocação líquida de R$ 7,5 milhões no \u003Cstrong>CRI Carrefour\u003C\u002Fstrong>, à taxa \u003Cstrong>PRÉ\u003C\u002Fstrong> de \u003Cstrong>14% a.a.\u003C\u002Fstrong> O CRI, que tem prazo de 3 anos, com pagamento de juros mensais e amortização bullet, é lastreado no contrato de venda e compra de 15 imóveis do grupo Carrefour Atakadão (LTV de 43%) e tem como garantias alienação fiduciária de imóvel e cessão fiduciária dos recebíveis (contratos atípicos de locação, com prazo de 15 anos e valor de locação mensal de R$ 5 milhões). As 15 lojas totalizam uma área bruta locável de 187 mil metros quadrados e contam com boa dispersão geográfica, estando localizadas nos estados de Bahia, Mato Grosso, Minas Gerais, Paraná, Pernambuco, Rio Grande do Sul e São Paulo.\u003C\u002Fp>\u003Ch3>CRI Quota\u003C\u002Fh3>\u003Cp>Quota é uma desenvolvedora imobiliária e incorporadora focada no mercado de São Paulo, com mais de 50 anos de história. Em 2022, o Fundo fez uma operação no volume total de R$ 70 milhões com garantia em sete lajes do edifício Quota Corporate, empreendimento comercial AAA localizado na região da Av. Chucri Zaidan, em São Paulo. O CRI foi emitido à taxa de IPCA+ 7,75% a.a., e possui como garantias:\u003C\u002Fp>\u003Cp>(i) Alienação fiduciária de 7 lajes (8.120 metros quadros de ABL) do Quota Corporate (LTV inicial de aproximadamente 65%);\u003C\u002Fp>\u003Cp>(ii) Alienação fiduciária de cotas da SPE detentora do imóvel;\u003C\u002Fp>\u003Cp>(iii) Promessa de cessão fiduciária dos recebíveis provenientes da locação do empreendimento;\u003C\u002Fp>\u003Cp>(iv) Aval dos sócios pessoas físicas da Quota; e\u003C\u002Fp>\u003Cp>(v) Fundo de reserva equivalente a 3 PMTs.\u003C\u002Fp>\u003Cp>\u003Cstrong>\u003Cu>Dezembro 2025:\u003C\u002Fu>\u003C\u002Fstrong> O CRI Quota inadimpliu o pagamento da parcela dos CRI vencida em abril\u002F2025. Em razão disso, no mesmo mês, a Quota foi notificada a realizar o pagamento do saldo devedor total dos créditos imobiliários devidos. Em 5 de maio, mediante o não pagamento, foi realizada assembleia especial de investidores ratificando a recompra compulsória dos créditos imobiliários, e consequentemente dos CRI, e autorizando a securitizadora a seguir com os trâmites para o início da execução das garantias. O prazo de cura se esgotou em junho, desde então, todas as medidas judiciais adequadas para a recuperação do crédito foram tomadas, sem qualquer evolução concreta no processo de execução judicial até então. Em paralelo ao processo de execução das garantias, o time de gestão liderou, junto a Quota, a venda do ativo, sendo certo que, em dezembro\u002F2025, foi assinado contrato de venda e compra, sob condições suspensivas, de venda da totalidade do imóvel, incluindo as lajes dadas em garantias na operação de CRI e a laje detida diretamente pelo FII Corporate Chucri, para uma empresa de comunicação, pelo valor bruto de R$ 100 milhões, sendo devido o pagamento de 5% do valor a título de sinal, já recebidos. A outorga da escritura e recebimento do valor remanescente do preço está condicionada à algumas Condições Precedentes, sendo que, do valor remanescente a receber, serão descontados os tributos não recolhidos e\u002Fou repactuados, estimados em aproximadamente R$ 7 milhões, de forma que o resultado financeiro total e o respectivo impacto por cota será divulgado na conclusão da transação. Destacamos que a posição do CRI Quota é detida de forma indireta, por meio do FII Corporate Chucri, de forma a otimizar a monetização do ativo. Além disso, optamos por excluir a remuneração do CRI do respectivo relatório, considerando que o ativo não remunera a taxa acordada na operação em razão de seu vencimento antecipado.\u003C\u002Fp>\u003Ctable>\u003Ctr>\u003Ctd rowspan=\"2\"># Ativo\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Montante MTM (R$ mm)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">%\u002FPL\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Segmento\u003C\u002Ftd>\u003Ctd rowspan=\"2\">UF Emissor\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Código B3\u003C\u002Ftd>\u003Ctd rowspan=\"2\">\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Indexador\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Taxa de Emissão (a.a.)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Taxa de Aquisição (a.a.)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Taxa MTM (a.a.)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Prazo Médio\u003C\u002Ftd>\u003Ctd rowspan=\"2\">LTV Vencimento\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Garantias\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Quota 5\u003C\u002Ftd>\u003Ctd>68,1\u003C\u002Ftd>\u003Ctd>4,49%\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>OPEA Sec\u003C\u002Ftd>\u003Ctd>22E1313202\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,00\u003C\u002Ftd>\u003Ctd>jun-32\u003C\u002Ftd>\u003Ctd>0,0% AFI, AFQ, Aval Sócio\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Ch3>Liquidez e Passivo\u003C\u002Fh3>\u003Cp>Liquidez\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_15_chart_3.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Dez-25\u003C\u002Fth>\u003Cth>2025\u003C\u002Fth>\u003Cth>12 Meses\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>ADTV (R$ Milhões)\u003C\u002Ftd>\u003Ctd>3,5\u003C\u002Ftd>\u003Ctd>2,9\u003C\u002Ftd>\u003Ctd>2,9\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Giro\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003Ctd>50,1%\u003C\u002Ftd>\u003Ctd>50,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Número de Cotistas (em milhares)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_15_chart_6.jpg\">\u003C\u002Fp>\u003Ch3>Deliberações das Assembleias do Mês\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>C Aosnscelumsbãloei daa\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código B3\u003C\u002Fth>\u003Cth>Ma#té dreias\u003C\u002Fth>\u003Cth>ProVfoetroido\u003C\u002Fth>\u003Cth>Resultado\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>04\u002Fdez\u002F25\u003C\u002Ftd>\u003Ctd>CRI Urban Hub\u003C\u002Ftd>\u003Ctd>22E1150634\u003C\u002Ftd>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>Aprovar\u003C\u002Ftd>\u003Ctd>Aprovada\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>04\u002Fdez\u002F25\u003C\u002Ftd>\u003Ctd>CRI JFL Lorena\u003C\u002Ftd>\u003Ctd>22L142918625G3477922\u003C\u002Ftd>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>Aprovar\u003C\u002Ftd>\u003Ctd>Aprovada\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ch3>Anexos\u003C\u002Fh3>\u003Ch3>somos o PATRIA\u003C\u002Fh3>\u003Cp>Gestora \u003Cstrong>líder em Investimentos alternativos\u003C\u002Fstrong>, com \u003Cstrong>atuação global\u003C\u002Fstrong> \u003Cstrong>\u003Cu>em 4 continentes\u003C\u002Fu>\u003C\u002Fstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fp>\u003Cp>+ de \u003Cstrong>35 anos\u003C\u002Fstrong> de atuação em alternativos\u003C\u002Fp>\u003Cp>+ de \u003Cstrong>R$ 272 BI\u003C\u002Fstrong> sob gestão\u003C\u002Fp>\u003Cp>Uma das \u003Cstrong>maiores gestoras\u003C\u002Fstrong> de investimentos alternativos da América Latina\u003C\u002Fp>\u003Ch3>Real Estate\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_18_image_6.jpg\">\u003C\u002Fp>\u003Cp>Maior \u003Cstrong>gestora independente de FIIs\u003C\u002Fstrong> do Brasil\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_18_image_8.jpg\">\u003C\u002Fp>\u003Cp>+ \u003Cstrong>R$ 30 bilhões\u003C\u002Fstrong> sob gestão\u003C\u002Fp>\u003Cp>\u003Cstrong>+20 FIIs\u003C\u002Fstrong> listados na B3, \u003Cstrong>2 FIIs\u003C\u002Fstrong> negociados em ambiente CETIP, além de fundos exclusivos\u003C\u002Fp>\u003Cp>Acesse para mais informações: \u003Cstrong>patria\u003C\u002Fstrong>.com \u003Cstrong>realestate\u003C\u002Fstrong>.patria.com\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_19_image_0.jpg\">\u003C\u002Fp>\u003Cp>Gestão de Recursos\u003C\u002Fp>\u003Cp>\u003Cstrong>realestate\u003C\u002Fstrong>.patria.com\u003C\u002Fp>\u003Ch3>- siga o - #Patria NasRedes\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_19_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_19_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_19_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u002Fpatria-investments-brasil\u003C\u002Fp>\u003Cp>@patriainvestments\u003C\u002Fp>\u003Cp>@patriainvestments\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18255\u002Fpage_19_image_10.jpg\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FHGCR11\u002Fdocumentos\u002F18255\u002Fpdf","https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1091252","2025-12-31","2026-01-23 18:12:00",1,{"title":234,"description":235,"canonical":236,"image":237,"json_ld":238,"nome":263,"resumo":298},"Relatório Gerencial HGCR11 de dezembro de 2025 | Kartac","Relatório Gerencial de dezembro de 2025 do HGCR11 (Pátria Recebíveis Imobiliários), entrega em 23\u002F01\u002F2026. DY 12 meses de 13,30% e P\u002FVP 0,89 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FHGCR11\u002Fdocumentos\u002F18255","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":239,"@graph":240},"https:\u002F\u002Fschema.org",[241,247,252,261,274,284],{"@type":242,"@id":243,"name":244,"url":245,"logo":246},"Organization","https:\u002F\u002Fwww.kartac.com.br\u002F#organizacao","Kartac","https:\u002F\u002Fwww.kartac.com.br\u002F","https:\u002F\u002Fwww.kartac.com.br\u002Fandroid-chrome-512x512.png",{"@type":248,"@id":249,"name":244,"url":245,"inLanguage":250,"publisher":251},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":243},{"@type":253,"@id":254,"url":236,"name":234,"description":235,"inLanguage":250,"isPartOf":255,"dateModified":256,"mainEntity":257,"breadcrumb":259},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FHGCR11\u002Fdocumentos\u002F18255#pagina",{"@id":249},"2026-11-02",{"@id":258},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FHGCR11\u002Fdocumentos\u002F18255#documento",{"@id":260},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FHGCR11\u002Fdocumentos\u002F18255#migalhas",{"@type":262,"@id":258,"name":263,"alternateName":223,"url":236,"inLanguage":250,"about":264,"genre":225,"datePublished":266,"temporalCoverage":267,"author":268,"publisher":273,"isBasedOn":229},"Report","Relatório Gerencial HGCR11 de dezembro de 2025",{"@id":265},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FHGCR11#fundo","2026-01-23","2025-12",{"@type":242,"name":15,"identifier":269},{"@type":270,"propertyID":271,"value":272},"PropertyValue","CNPJ","12.461.756\u002F0001-17",{"@type":242,"name":162},{"@type":275,"@id":265,"name":8,"alternateName":276,"url":277,"category":141,"identifier":278,"provider":282},"InvestmentFund",[9,6],"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FHGCR11",[279,281],{"@type":270,"propertyID":280,"value":9},"Ticker B3",{"@type":270,"propertyID":271,"value":12},{"@type":242,"name":15,"identifier":283},{"@type":270,"propertyID":271,"value":272},{"@type":285,"@id":260,"itemListElement":286},"BreadcrumbList",[287,290,294,296],{"@type":288,"position":232,"name":289,"item":245},"ListItem","Início",{"@type":288,"position":291,"name":292,"item":293},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":288,"position":295,"name":9,"item":277},3,{"@type":288,"position":297,"name":223,"item":236},4,{"atualizado_em":299,"frases":300},"2026-11-05",[301,302,303,304,305],"Relatório Gerencial do Pátria Recebíveis Imobiliários (HGCR11), fundo imobiliário de papel, referente a dezembro de 2025, com entrega no FundosNet (B3) em 23\u002F01\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do HGCR11 fechou a R$ 88,00, com P\u002FVP de 0,89 (valor patrimonial de R$ 98,63 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 1,00 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 13,30% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 1,5 bilhão no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento."]