Outros Relatórios IBBP11 de 31/08/2026
Outros Relatórios do Invista Brazilian Business Park (IBBP11), fundo imobiliário de logística, com data de referência em 31/08/2026, com entrega no FundosNet (B3) em 10/09/2026. No pregão de 04/11/2026, a cota do IBBP11 fechou a R$ 8,26, com P/VP de 0,62 (valor patrimonial de R$ 13,24 por cota no informe mensal de setembro de 2026). O último rendimento foi de R$ 0,0841 por cota, com pagamento em out/2026, e o dividend yield dos últimos 12 meses é de 10,53% sobre a cotação de 04/11/2026. O patrimônio líquido era de R$ 997,8 milhões no informe mensal de setembro de 2026. Os indicadores são os mais recentes da base do Kartac, não os do período do documento.
Informações
- Fundo
- INVISTA BRAZILIAN BUSINESS PARK 0,12%
- CNPJ
- 52.551.605/0001-74
- Tipo
- Relatórios
- Assunto
- Outros Relatórios
- Data de referência
- 31/08/2026
- Data de entrega
- 10/09/2026 18:41
- Versão
- 1
- Situação
- (Ativo)
Conteúdo
INDUSTRIAL & LOGISTICS · BRAZIL
M A N A G E M E N T R E P O R T
inVista Brazilian Business Park FII - IBBP11
Fund Management
MANAGEMENT REPORT inVista Brazilian Business Park FII
FUND OVERVIEW
inVista Brazilian Business Park FII
TOTAL NET ASSETS (R$)
993.2M
12-MONTH DIVIDEND YIELD
11.67%
Position as of · August | 2026
TOTAL NUMBER OF UNITHOLDERS
2,095
SUBORDINATED CLASS
MARKET CAP (R$)
NET ASSETS (R$)
603.0M
699.1M
MARKET PRICE PER UNIT (R$) BOOK VALUE PER UNIT (R$) 8.00 9.28 DISTRIBUTION PER UNIT (R$) MONTHLY DIVIDEND YIELD¹ 0.084 12.61%
NUMBER OF UNITHOLDERS
2,091
P/BV
0.86x
NUMBER OF UNITS
75,370,655
SENIOR CLASS
NET ASSETS (R$)
BOOK VALUE PER UNIT (R$)
294.1M
11.00
DISTRIBUTION PER UNIT (R$)
MONTHLY DIVIDEND YIELD¹
0.091 11.78%
NUMBER OF UNITHOLDERS
NUMBER OF UNITS
26,721,829
¹ Subordinated Class: Figures relative to the market price at month-end | Senior Class: Figures relative to the weighted average issue price per unit since inception (R$ 9.26/unit).
MANAGEMENT REPORT inVista Brazilian Business Park FII
MARKET OVERVIEW
LISTED REAL ESTATE FUNDS AND THE INDUSTRIAL/LOGISTICS SEGMENT
In August 2026 the IFIX extended its correction, closing the month down 1.46%, trimming its cumulative 2026 return and moving back towards its December 2025 level. The adjustment reflected nominal and real interest rate curves still in elevated territory, against a backdrop of fiscal and credit expansion, persistent current inflation and the approaching electoral calendar. The logistics/industrial segment tracked the index but with a more contained adjustment, preserving a positive return for the year to date and reaffirming its defensive character among equity real estate funds.
This short-term correction does not alter the segment's structural investment case. Operating fundamentals remain solid — long-term leases, high-quality assets and a diversified tenant base — which supports the predictability of cash flows. Following the repricing of recent months, the segment trades at a meaningful discount to book value and delivers an annualised dividend yield of close to 10.5%, a combination that improves the risk-return profile and widens the scope for appreciation over the medium term.
UPDATES — AUGUST 2026
In August 2026, IBBP11 — Brazilian Business Park FII announced distributions of R$ 0.091 per senior unit and R$ 0.084 per subordinated unit, payable on 15 September and 16 September respectively to unitholders of record on 8 September. The distribution remains in line with the fund's financial plan and with its revenue and cash projections for the coming months.
The fund closed the month with physical vacancy of 1.3% of GLA — equivalent to 98.7% occupancy — a high level for a fund with an industrial profile, underlining the quality of its assets and tenant base. Complexo Gaia and Extrema are both fully occupied, followed by Condomínio Barão de Mauá (97.9%) and Centro Empresarial Atibaia (91.8%). Vacant space totals 3,517 sqm, concentrated in the properties acquired from XPIN11, and negotiations with prospective tenants continue to progress well, with talks at an advanced stage.
Construction of the Jequitibá and Jacarandá buildings at Complexo Gaia continues at a good pace: physical progress reached 71.6%, ahead of the budgeted schedule, with the occupancy permit expected in November 2026. The buildings will be leased to MCassab under a 17,656 sqm contract, indexed to IPCA and maturing in October 2041.
With net assets of R$ 993.2 million, occupancy at high levels, advanced negotiations for the remaining space and construction in line with the schedule, IBBP11 trades at 0.86x book value and is on track to eliminate its vacancy, consolidating its position as the leading industrial real estate fund on the Brazilian exchange.
MANAGEMENT REPORT inVista Brazilian Business Park FII August | 2026
INMÍSTA
THE BRAZILIAN BUSINESS PARK
OVERVIEW
BBP (Brazilian Business Park) is one of the largest industrial complexes in Latin America, and all of its parks sit in prime locations along São Paulo's main highways — Bandeirantes, Dom Pedro I, Anhanguera and Fernão Dias. The company has been developing and building industrial cities for more than 30 years, giving its tenants privileged access to power, telecommunications, environmental management, water and sewage infrastructure, among other value-added services. This structure enables a plug & play format, allowing manufacturers to move in quickly and stay focused on their core operations while BBP takes care of everything else.
To give unitholders a closer look at the infrastructure of the BBP parks, we invite you to watch the institutional video, which offers an aerial tour showing the construction quality, the high logistics standard and the quality of the areas that host major domestic and multinational operations.
Institutional video — BBP aerial tour https://www.youtube.com/watch?v=W1deIyMzAmE
03 =
MANAGEMENT REPORT inVista Brazilian Business Park FII August | 2026
CURRENT POSITIONING
inVista Brazilian Business Park FII is a real estate investment fund whose objective is to generate income and capital gains by developing industrial and logistics warehouses built by BBP for subsequent lease and/or sale.
The fund holds interests in the Barão de Mauá, Centro Empresarial Atibaia, Complexo Gaia and Extrema/MG parks, all equipped with shared infrastructure that supports the operating performance of the companies installed there. The parks lie within a 500 km radius — one day of freight distribution — of the metropolitan regions that together account for approximately 60% of Brazil's GDP.
With a total GLA of 248 thousand sqm built and 17 thousand sqm under construction (scheduled for delivery in the fourth quarter of 2026), the portfolio is leased to multinational companies of very high credit quality. The fund also holds 149 thousand sqm of development pads for future projects.
98.7% physical occupancy across the properties
95.3% of rent collected on time in August 2026
04 3
MANAGEMENT REPORT inVista Brazilian Business Park FII
PORTFOLIO COMPOSITION
Physical Composition % of GLA by property
52.7% 18.2% 17.8% 11.4% ~~T~~ Complexo Gaia — 52.7% T Extrema — 17.8% e Condomínio Barão de Mauá — 18.2% Centro Empresarial Atibaia — 11.4%
Tenant Countries Leased GLA (sqm)
44.1% 11.4% 11.1% 9.3% 7.5% 5.8% Brazil — 115,718 sqm (44.1%) Mexico — 15,297 sqm (5.8%) Italy — 30,022 sqm (11.4%) China — 8,074 sqm (3.1%) United States — 29,173 sqm (11.1%) Taiwan — 8,030 sqm (3.1%) Germany — 24,329 sqm (9.3%) South Korea — 6,752 sqm (2.6%) Canada — 19,612 sqm (7.5%) Japan — 5,581 sqm (2.1%)
Tenant Industries % of GLA
Development Status GLA (sqm)
Physical Vacancy % of GLA
Construction — Physical Progress
Jacarandá & Jequitibá Buildings
MANAGEMENT REPORT inVista Brazilian Business Park FII
INMÍSTA
INCOME STATEMENT
| (R$ thousand, unless stated otherwise) | Aug/26 | 3 Months | 2026 | 12 Months |
|---|---|---|---|---|
| Properties — Rental income | 5,778.9 | 17,103.4 | 36,198.8 | 45,807.6 |
| Properties — Gains on sales² | 3,215.3 | 7,874.9 | 8,221.3 | 8,221.3 |
| REIT — Distributions received | 1,086.7 | 2,607.2 | 7,543.5 | 12,778.1 |
| Financial investments | 61.2 | 300.8 | 12,217.4 | 12,721.6 |
| Total revenues | 10,142.1 | 27,886.2 | 64,181.0 | 79,528.6 |
| Operating expenses | (1,545.6) | (4,986.3) | (14,593.8) | (17,501.5) |
| Net income | 8,596.4 | 22,899.9 | 49,587.2 | 62,027.1 |
| Distributions | (8,767.7) | (26,194.7) | (51,277.6) | (60,564.7) |
| Subordinated (R$/unit) | 0.0841 | 0.2483 | 0.6251 | 0.9332 |
| Senior (R$/unit) | 0.0909 | 0.2800 | 0.7014 | 1.0214 |
| Retained earnings reserve | 1,414.1 |
² The Properties — Gains on sales line includes gains realised on the disposal of units in other listed real estate funds.
DISTRIBUTION HISTORY — SUBORDINATED³
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DISTRIBUTION HISTORY — SENIOR³
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Distribution per Unit (R$) Dividend Yield ³ Subordinated Class: Figures relative to the market price at month-end | Senior Class: Figures relative to the weighted average issue price per unit since inception (R$ 9.26/unit). 06 ~~e~~ =
MANAGEMENT REPORT inVista Brazilian Business Park FII
GROSS-UP DIVIDEND YIELD VS. NTN-B⁴
Subordinated Gross-up Dividend Yield
NTN-B 2035 Yield
17.5%
14.8%
15.0%
12.7%
11.9%
12.5% 11.5%
690 bps
10.0% 530 bps
380 bps 460 bps
7.5%
7.7% 7.9%
7.3% 7.4%
5.0%
Nov/24 Dec/24 Jan/25 Feb/25 Mar/25 Apr/25 May/25 Jun/25 Jul/25 Aug/25 Sep/25 Oct/25 Nov/25 Dec/25 Jan/26 Feb/26 Mar/26 Apr/26 May/26 Jun/26 Jul/26 Aug/26
⁴ The gross-up dividend yield assumes a 15% income tax rate.
PERFORMANCE
Return on the subordinated book value per unit, adjusted for distributions, compared with the CDI and IFIX benchmarks over the same period. Past performance is no guarantee of future results.
MANAGEMENT REPORT inVista Brazilian Business Park FII
INVISTA
LEASE SCHEDULE
| Tenant | City | GLA (sqm) | Industry | Index | Maturity | Country | % of GLA |
|---|---|---|---|---|---|---|---|
| SBF (Centauro) | Jarinu | 34,508 | Retail | IGPM | December-2027 | 13.0% | |
| Sogefi | Jarinu | 23,790 | Automotive | IPCA | August-2034 | Ea | 8.9% |
| Solventum | Jarinu | 23,787 | Healthcare | IPCA | September-2040 | ~~=~~ | 8.9% |
| MCassab | Jarinu | 17,656 | Food & Beverage | IPCA | October-2041 | 6.6% | |
| Petfive | Jarinu | 13,734 | Healthcare | IPCA | May-2040 | 5.2% | |
| Magna | Jarinu | 10,734 | Automotive | IPCA | February-2034 | ] | 4.0% |
| Johnson Industrial | Jarinu | 8,030 | Healthcare | IPCA | July-2034 | [ | ] |
| Natural One | Jarinu | 7,930 | Food & Beverage | IPCA | December-2032 | 3.0% | |
| Complexo Gaia | 140,168 | 5 countries | 52.7% | ||||
| Hanon | Atibaia | 6,752 | Automotive | IPCA | January-2030 | 7 | 2.5% |
| Intercos | Atibaia | 6,232 | Healthcare | IPCA | December-2039 | 0 | 2.3% |
| Norma | Atibaia | 5,845 | Industrial | IGPM | October-2028 | 1] | 2.2% |
| Litens | Atibaia | 5,769 | Automotive | IPCA | March-2030 | 1 | 2.2% |
| Rema Tip Top | Atibaia | 3,116 | Industrial | IPCA | April-2030 | ~~=~~ | 1.2% |
| Litens | Atibaia | 3,109 | Automotive | IPCA | March-2030 | O] | 1.2% |
| APS | Atibaia | 2,693 | Aerospace | IPCA | April-2030 | ~~—~~ | 1.0% |
| Viskase | Atibaia | 2,693 | Food & Beverage | IPCA | July-2027 | ~~=~~ | 1.0% |
| Dekra | Atibaia | 2,666 | Automotive | IPCA | February-2034 | [1] | 1.0% |
| Ismafer | Atibaia | 2,492 | Industrial | IPCA | October-2029 | 0.9% | |
| MSG | Atibaia | 2,101 | Energy | IPCA | December-2027 | 0.8% | |
| Fricke | Atibaia | 1,347 | Industrial | IPCA | April-2034 | 0.5% | |
| Garopaba | Atibaia | 1,170 | Logistics | IPCA | August-2027 | 0.4% | |
| Bruker | Atibaia | 1,040 | Healthcare | IPCA | February-2031 | ~~=~~ | 0.4% |
| G.A.W | Atibaia | 292 | Logistics | IPCA | August-2027 | 0.1% | |
| Vacant | Atibaia | 1,031 | - | - | - | 0.4% | |
| Condomínio Barão de Mauá | 48,349 | 6 countries | 18.2% | ||||
| Smart | Atibaia | 6,400 | Technology | IGPM | June-2032 | ~~=~~ | 2.4% |
| Linuo | Atibaia | 5,262 | Healthcare | IPCA | June-2031 | 1] | 2.0% |
| Smart | Atibaia | 5,262 | Technology | IPCA | June-2032 | ~~=~~ | 2.0% |
| Constanta | Atibaia | 4,530 | Technology | IPCA | March-2028 | 1.7% | |
| SPLack | Atibaia | 3,574 | Packaging | IGPM | June-2034 | 1.3% | |
| Terumo | Atibaia | 2,792 | Healthcare | IPCA | October-2027 | e | 1.0% |
| Vacant | Atibaia | 2,486 | - | - | - | 0.9% | |
| Centro Empresarial Atibaia | 30,305 | 4 countries | 11.4% | ||||
| Acqualimp | Extrema | 15,297 | Industrial | IPCA | January-2031 | ~~E~~ | 5.7% |
| Volo | Extrema | 10,503 | Logistics | IPCA | November-2030 | 3.9% | |
| D2 | Extrema | 8,042 | Logistics | IPCA | June-2032 | 3.0% | |
| Ar Frio | Extrema | 7,839 | Cold Storage | IPCA | November-2033 | 2.9% | |
| Huawei | Extrema | 2,812 | Retail | IPCA | January-2028 | 1 | 1.1% |
| Terumo | Extrema | 2,789 | Healthcare | IPCA | May-2027 | e | 1.0% |
| Extrema | 47,282 | 4 countries | 17.8% |
08)
MANAGEMENT REPORT inVista Brazilian Business Park FII August | 2026
INVISTA
PROPERTIES
COMPLEXO GAIA
BBP - Complexo Gaia is located at km 90 of the Dom Pedro I Highway in Jarinu, São Paulo, occupying a total site of 5,114,281 sqm with 904,385 sqm of leasable area. The park offers a range of adaptable spaces to meet the specific needs of each company. The project follows the BBP standard of sustainability and innovation, integrating advanced ecological and technological solutions. Its strategic location also provides easy access to Brazil's main road, air and port distribution routes.
140,168 sqm
GLA built / under construction
148,937 sqm
Development pad GLA
100%
Occupancy of completed properties
MANAGEMENT REPORT inVista Brazilian Business Park FII August | 2026
INVISTA
PROPERTIES
CONDOMÍNIO BARÃO DE MAUÁ
BBP - Condomínio Barão de Mauá is located at km 87 of the Dom Pedro I Highway in Atibaia, São Paulo, with easy access to major commercial and industrial hubs. The park covers a total site of 448,430 sqm, of which 122,948 sqm is leasable area, offering large and adaptable spaces for companies' operating requirements. The infrastructure is complete and flexible, allowing spaces to be tailored to each business.
48,349 sqm
GLA built / under construction
97.9%
—
Development pad GLA Occupancy of completed properties
MANAGEMENT REPORT inVista Brazilian Business Park FII August | 2026
INVÍSTA
PROPERTIES
CENTRO EMPRESARIAL ATIBAIA
BBP - Centro Empresarial Atibaia is located at Av. Tégula, 888, in Atibaia, São Paulo, near km 87.5 of the Dom Pedro I Highway. The park occupies a total site of 91,355 sqm, of which 48,690 sqm is leasable area, and offers adaptable spaces for the specific needs of each company. The facilities are equipped with advanced technology to foster innovation and productivity.
— 30,305 sqm GLA built / under construction Development pad GLA
91.8%
Development pad GLA Occupancy of completed properties
MANAGEMENT REPORT inVista Brazilian Business Park FII August | 2026
INVISTA
PROPERTIES
EXTREMA
BBP - Extrema is located at Estrada Municipal Antônio Agostinho Barbosa, 1300, in the Bairro dos Pires district of Extrema, Minas Gerais. The development covers a total site of 117,956 sqm, of which 47,280 sqm is dedicated to leasing. The park offers highly configurable modules that adapt to different operating requirements, supporting business expansion and improved performance.
— 47,282 sqm
100%
GLA built / under construction
Development pad GLA Occupancy of completed properties
inVista Brazilian Business Park FII
MANAGEMENT REPORT · AUGUST | 2026
This material is intended exclusively for the client and does not take into account their financial situation or individual needs. It also does not cover all the information a prospective investor should assess before making any investment decision. It was prepared by the fund management team of inVista Real Estate, drawing on public sources, internal data and other external information. This material must not be construed as securities research, promotional material, a public offering, investment advice, or a solicitation to buy or sell, nor as an investment recommendation.
Allocation decisions are the sole responsibility of the discretionary manager of the investment vehicle. We recommend that clients consult qualified professionals before making any investment in securities. Partial or full reproduction of this material is prohibited without the express authorisation of inVista, or unless the complete source is duly cited.
SÃO PAULO — BRAZIL
Rua Gomes de Carvalho, 1.507 — Bloco A, Conjunto 101 +55 11 3045 3773 · WhatsApp +55 11 9 1991-1234 [email protected] · invista.me
We thank our unitholders for their continued confidence.
For more information about our funds, write to [email protected] or visit invista.me
inVista Real Estate is a signatory to the ANBIMA Code of Regulation and Best Practices for Third-Party Asset Management. The ANBIMA seal does not imply an investment recommendation, nor does it make the association responsible for the information contained herein.
