[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"seo:\u002Fdetalhes\u002FJPPA11\u002Fdocumentos\u002F22127":3,"fii-documento:JPPA11":87,"documento:JPPA11:22127":277},{"title":4,"description":5,"canonical":6,"image":7,"json_ld":8,"nome":33,"resumo":79},"Relatório Gerencial JPPA11 de setembro de 2026 | Kartac","Relatório Gerencial de setembro de 2026 do JPPA11, entrega em 23\u002F10\u002F2026. DY 12 meses de 18,88% e P\u002FVP 0,77 em 03\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FJPPA11\u002Fdocumentos\u002F22127","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":9,"@graph":10},"https:\u002F\u002Fschema.org",[11,17,22,31,49,64],{"@type":12,"@id":13,"name":14,"url":15,"logo":16},"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":18,"@id":19,"name":14,"url":15,"inLanguage":20,"publisher":21},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":13},{"@type":23,"@id":24,"url":6,"name":4,"description":5,"inLanguage":20,"isPartOf":25,"dateModified":26,"mainEntity":27,"breadcrumb":29},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FJPPA11\u002Fdocumentos\u002F22127#pagina",{"@id":19},"2026-10-26",{"@id":28},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FJPPA11\u002Fdocumentos\u002F22127#documento",{"@id":30},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FJPPA11\u002Fdocumentos\u002F22127#migalhas",{"@type":32,"@id":28,"name":33,"alternateName":34,"url":6,"inLanguage":20,"about":35,"genre":37,"datePublished":38,"temporalCoverage":39,"author":40,"publisher":46,"isBasedOn":48},"Report","Relatório Gerencial JPPA11 de setembro de 2026","(JPPA) Relatório Gerencial - 30\u002F09\u002F2026",{"@id":36},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FJPPA11#fundo","Relatórios","2026-10-23","2026-09",{"@type":12,"name":41,"identifier":42},"JPP Capital Gestão de Recursos Ltda.",{"@type":43,"propertyID":44,"value":45},"PropertyValue","CNPJ","13.516.035\u002F0001-20",{"@type":12,"name":47},"FINAXIS Corretora","https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1358294",{"@type":50,"@id":36,"name":51,"alternateName":52,"url":55,"category":56,"identifier":57,"provider":62},"InvestmentFund","JPP Capital Recebíveis Imobiliários",[53,54],"JPPA11","JPP CAPITAL RECEBÍVEIS IMOBILIÁRIOS FUNDO DE INVESTIMENTO IMOBILIÁRIO DE RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FJPPA11","Papel",[58,60],{"@type":43,"propertyID":59,"value":53},"Ticker B3",{"@type":43,"propertyID":44,"value":61},"30.982.880\u002F0001-00",{"@type":12,"name":41,"identifier":63},{"@type":43,"propertyID":44,"value":45},{"@type":65,"@id":30,"itemListElement":66},"BreadcrumbList",[67,71,75,77],{"@type":68,"position":69,"name":70,"item":15},"ListItem",1,"Início",{"@type":68,"position":72,"name":73,"item":74},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":68,"position":76,"name":53,"item":55},3,{"@type":68,"position":78,"name":34,"item":6},4,{"atualizado_em":80,"frases":81},"2026-11-04",[82,83,84,85,86],"Relatório Gerencial do JPP Capital Recebíveis Imobiliários (JPPA11), fundo imobiliário de papel, referente a setembro de 2026, com entrega no FundosNet (B3) em 23\u002F10\u002F2026.","No pregão de 03\u002F11\u002F2026, a cota do JPPA11 fechou a R$ 76,06, com P\u002FVP de 0,77 (valor patrimonial de R$ 99,01 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 1,20 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 18,88% sobre a cotação de 03\u002F11\u002F2026.","O patrimônio líquido era de R$ 89,5 milhões no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":88,"empresa":89,"gestor":93,"cotacoes":99,"patrimonio":205,"vpa":206,"p_vpa":207,"tipo_gestao":208,"mandato":209,"segmento":210,"categoria":56,"grupo":56,"preco_atual":203,"cotacao_atualizada_em":211,"ultima_variacao_cotacao_24h":212,"variacao_cotacao_7d":213,"variacao_cotacao_1m":214,"variacao_cotacao_3m":215,"variacao_cotacao_6m":216,"variacao_cotacao_12m":217,"vacancia_fisica":209,"liquidez_atual":218,"ultimo_dividendo":219,"ultimo_dividend_yield":220,"mes_pagamento_ultimo_dividendo":221,"dividend_yield_3m":222,"dividend_yield_6m":223,"dividend_yield_12m":224,"dividend_yield_medio_12m":225,"qtd_dividendos_pagos_ano_passado":226,"data_ultima_cotacao":201,"pregoes_com_negocio_21":227,"alertas":228,"updated_at":229,"liquidez_media_reais":230,"administrador":47,"taxa_administracao_paga":209,"balanco":231,"resultado_distribuido":238,"publico_alvo":243,"mercados_negociacao_cotas":244,"data_funcionamento":246,"data_final":209,"quantidade_cotas":247,"quantidade_cotistas":248,"detalhes_cotistas":249,"total_investido":252,"investimentos_fundo":253,"imoveis":254,"contratos":209,"custodiante":257,"auditor_independente":263,"formador_mercado":209,"distribuidor_cotas":209,"consultor_especializado":209,"administrador_locacoes":209,"relatorio_anual":270,"analise_administrador":273},445,{"nome":54,"nome_simplificado":90,"nome_comercial":51,"ticker":53,"nome_ticker":91,"nome_pregao":92,"cnpj":61},"JPP CAPITAL RECEBÍVEIS IMOBILIÁRIOS  DE RESPONSABILIDADE LIMITADA","JPPA11 - JPP CAPITAL RECEBÍVEIS IMOBILIÁRIOS FUNDO DE INVESTIMENTO IMOBILIÁRIO DE RESPONSABILIDADE LIMITADA","FII JPPA CRI",{"id":94,"nome":41,"cnpj":95,"endereco":96,"telefone":97,"created_at":98,"updated_at":98},205,"13516035000120","Avenida Paulista, 287, 6º andar, Bela Vista, São Paulo - SP, 01311-000.","(11)5200-0410","2026-10-03T19:24:24.000000Z",[100,106,112,118,124,130,136,142,148,152,157,162,168,173,178,183,189,194,199],{"id":101,"data":102,"abertura":103,"ultimo":104,"volume":105},3288780,"2026-10-06",74.81,75.9,578,{"id":107,"data":108,"abertura":109,"ultimo":110,"volume":111},3289753,"2026-10-07",75.12,78,1193,{"id":113,"data":114,"abertura":115,"ultimo":116,"volume":117},3290409,"2026-10-08",78.14,77.07,593,{"id":119,"data":120,"abertura":121,"ultimo":122,"volume":123},3291034,"2026-10-09",77.85,77.71,509,{"id":125,"data":126,"abertura":127,"ultimo":128,"volume":129},3357394,"2026-10-13",78.2,77.58,1125,{"id":131,"data":132,"abertura":133,"ultimo":134,"volume":135},3375792,"2026-10-14",77,76.55,930,{"id":137,"data":138,"abertura":139,"ultimo":140,"volume":141},3376348,"2026-10-15",76.65,78.19,1319,{"id":143,"data":144,"abertura":145,"ultimo":146,"volume":147},3377026,"2026-10-16",77.18,78.15,961,{"id":149,"data":150,"abertura":146,"ultimo":127,"volume":151},3444911,"2026-10-19",603,{"id":153,"data":154,"abertura":127,"ultimo":155,"volume":156},3446718,"2026-10-20",80,350,{"id":158,"data":159,"abertura":155,"ultimo":160,"volume":161},3459319,"2026-10-21",79.95,726,{"id":163,"data":164,"abertura":165,"ultimo":166,"volume":167},3473669,"2026-10-22",79.94,81.79,405,{"id":169,"data":38,"abertura":170,"ultimo":171,"volume":172},3488224,81.89,77.98,2644,{"id":174,"data":26,"abertura":175,"ultimo":176,"volume":177},3566216,75.02,75,4747,{"id":179,"data":180,"abertura":181,"ultimo":121,"volume":182},3580267,"2026-10-27",75.22,1539,{"id":184,"data":185,"abertura":186,"ultimo":187,"volume":188},3594046,"2026-10-28",76.29,75.83,778,{"id":190,"data":191,"abertura":187,"ultimo":192,"volume":193},3608960,"2026-10-29",77.74,404,{"id":195,"data":196,"abertura":197,"ultimo":146,"volume":198},3624831,"2026-10-30",78.45,487,{"id":200,"data":201,"abertura":202,"ultimo":203,"volume":204},3682096,"2026-11-03",76.5,76.06,1131,89507878.08,99.01,"0.77","Ativa",null,"Multicategoria","2026-11-04 09:00","-0.0267","0.0030","0.0194","-0.0272","-0.1094","-0.0292",38,"1.2000","0.0154","Nov\u002F2026","0.0473","0.1008","0.1888","0.0145",12,21,[],"04\u002F11\u002F2026 23:01",85139,{"data_referencia":232,"ativo":233,"passivo":234,"obrigacoes_imoveis":235,"obrigacoes_securitizacao":235,"liquidez":236,"valores_receber":237},"2026-09-01",91047653.99,1539775.91,0,9996823.47,8863.36,{"data_referencia":239,"resultado":240,"rendimentos":241,"percentual":242},"2026-09-30",3668358.62,3254579.999,0.8872033342803326,"Investidores em Geral",[245],"Bolsa","2018-12-17",904050,5728,{"Pessoa Física":250,"Pessoa jurídica não financeira":251,"Fundos de investimento imobiliário":78,"Outros fundos de investimento":69},5714,9,81041967.16,{"CRI \u002F CRA":252},{"vacancia_total":235,"lista_imoveis":255,"data_referencia":239,"vacancia_suspeita":256},[],false,{"id":258,"nome":259,"cnpj":260,"endereco":261,"telefone":262,"created_at":98,"updated_at":98},206,"Banco Finaxis S.A.","11758741000152","Rua Pasteur, 463, 11º andar, Curitiba-PR","(41) 3074-0909",{"id":264,"nome":265,"cnpj":266,"endereco":267,"telefone":268,"created_at":269,"updated_at":269},44,"NEXT AUDITORES INDEPENDENTES S\u002FS LTDA","19280834000126","Av. Brig. Faria Lima, 3144 - Itaim Bibi, São Paulo - SP, 01451-001","(11) 3568-2868","2026-10-03T18:53:04.000000Z",{"ano_referencia":271,"data_disponibilizacao":272},"2026","2026-09-25",{"ResultadoFundo":274,"ConjunturaEconomica":275,"PerspectivaPeriodoSeguinte":276},"Ao longo dos últimos doze meses, jul\u002F25 a jun\u002F26, o resultado líquido de ativos financeiros de natureza imobiliária foi de R$ 36.250.321,67,de receitas  R$ 22.075.468,74 de despesas, de forma que o fundo obteve um lucro líquido de R$ 14.174.852,93. Os resultados obtidos decorreram fundamentalmente dos investimentos realizados nos ativos alvo, conforme Política de Investimentos do Fundo.","Os ativos encontrados na carteira do Fundo se inserem em diversos segmentos do mercado imobiliário, com destaque para incorporação, loteamentos, galpões logísticos, shopping centers e geração de energia solar:\n- Incorporação - Há uma relativa boa perspectiva para o segmento, pois com os índices recentes de inflação abaixo do esperado, surge novamente a possibilidade de corte na taxa de juro, o que aliada a menor taxa de desemprego poderia aquecer novamente o mercado de venda de novos produtos. Vemos lançamentos em todos os segmentos econômicos, principalmente na cidade de São Paulo;\n- Loteamentos - O segmento ainda sofre com o endividamento das famílias, ainda em patamar elevado e algumas carteiras têm sofrido com inadimplência. Vemos que bons produtos, principalmente no segmento de alta renda, estão vendendo bem;\n- Galpões Logísticos - Já o segmento de galpões logísicos manteve o bom desempenho, em função da consolidação das vendas via e-commerce, mas já se observa excesso de oferta em algumas regiões.\n- Shopping Center – Segmento já se mostra plenamente recuperado da crise, que teve origem na pandemia, os estabelecimentos consolidados já apresentam números até superiores ao pré pandemia, porém shoppings que ainda não atingiram o break even, principalmente no norte e nordeste ainda sofrem com alta vacância e atraso nos aluguéis;\n- Energia solar – segmento novo de atuação dos fundos, ainda há incentivos governamentais e em estados com regras claras, aparecem boas oportunidades de investimento e consequente operações de CRI.","O fundo tem avançado na estratégia de maximizar a alocação em CRI, selecionando ativos com spreads de crédito elevados, suportados por estruturas adequadas de garantias. \nOs ativos que compõem a carteira apresentam rentabilidade média superior aos títulos públicos indexados à inflação de prazo equivalente, em linha com o objetivo de superar o benchmark do fundo no médio\u002Flongo prazo.\nEstamos confiantes com a qualidade dos ativos da carteira, resultado de um processo de investimento consistente, que busca ativos com boa qualidade de crédito e amparados por estruturas fortalecidas de garantias. \nO início do ciclo de redução de taxa de juros, esperado para 2026, deve impactar positivamente os segmentos de mercado aos quais temos exposição.\nComo resultado, observaremos nos próximos doze meses um cenário mais benigno para algumas operações, sobretudo nos casos de empresas alavancadas e que dependem de vendas de imóveis. \nA recuperação da qualidade de crédito deve levar à normalização de operações que passaram por negociações de fluxo de pagamento e waivers, com consequente redução nos spreads de crédito.",{"id":278,"descricao":34,"assunto":279,"tipo":37,"situacao":280,"texto":281,"link_pdf":282,"estruturado":256,"link_original":48,"data_referencia":239,"data_entrega":283,"versao":69},22127,"Relatório Gerencial","(Ativo)","\u003Cp>RELATÓRIO GERENCIAL\u003C\u002Fp>\u003Ch2>JPP CAPITAL RECEBÍVEIS IMOBILIÁRIOS FII\u003C\u002Fh2>\u003Cp>JPPA11\u003C\u002Fp>\u003Cp>SETEMBRO\u003C\u002Fp>\u003Cp>2026\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_0_Picture_5.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_0_Picture_6.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_1_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>O Fundo poderá alocar até 100% do Patrimônio Líquido em Certificados de Recebíveis Imobiliários (CRI), observadas as características básicas e os critérios de elegibilidade estabelecidos em seu \"Regulamento\".\u003C\u002Fp>\u003Cp>O Fundo foi constituído por meio do \"Instrumento Particular de Constituição do VX XIV – Fundo de Investimento Imobiliário\", celebrado pela Administradora em 22 de junho de 2018 e registrado no 3º Oficial de Registro de Títulos e Documentos e Civil de Pessoa Jurídica de São Paulo, sob o nº 9.003.882. Em seguida, por meio do \"Instrumento Particular de Deliberação Da Administradora do VX XIV – Fundo de Investimento Imobiliário\" foi alterada a denominação do Fundo para JPP Allocation Mogno – Fundo de Investimento Imobiliário. Posteriormente, por meio de \"Assembleia Geral de Cotistas\" foi alterada a denominação do Fundo para JPP Capital Recebíveis Imobiliários Fundo de Investimento Imobiliário e aprovado o seu regulamento alterado.\u003C\u002Fp>\u003Cp>Investidores em Geral\u003C\u002Fp>\u003Cp>2018\u003C\u002Fp>\u003Cp>IMA-B 5, divulgado pela ANBIMA, acrescida de 0,50% (cinquenta centésimos por cento) ao ano.\u003C\u002Fp>\u003Cp>Indeterminado\u003C\u002Fp>\u003Cp>Finaxis CTVM S.A.\u003C\u002Fp>\u003Cp>JPP Capital Gestão de Recursos Ltda.\u003C\u002Fp>\u003Cp>1,05% a.a.\u003C\u002Fp>\u003Cp>20% sobre o retorno acima do Benchmark\u003C\u002Fp>\u003Cp>904.050\u003C\u002Fp>\u003Cp>30.982.880\u002F0001-00\u003C\u002Fp>\u003Cp>FII papel híbrido gestão ativa\u003C\u002Fp>\u003Cp>atendimento@finaxis.com.br\u003C\u002Fp>\u003Cp>contato@jppcapital.com.br\u003C\u002Fp>\u003Cp>www.jppcapital.com.br\u003C\u002Fp>\u003Ch2>JPP CAPITAL RECEBÍVEIS IMOBILIÁRIOS DESEMPENHO DO FUNDO\u003C\u002Fh2>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_2_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>DIVIDENDO POR COTA:\u003C\u002Fp>\u003Cp>R$ 1,20\u003C\u002Fp>\u003Cp>\u003Ci> DIVIDEND YIELD \u003C\u002Fi> ANUALIZADO\u003C\u002Fp>\u003Cp>(Cota Patrimonial)¹:\u003C\u002Fp>\u003Cp>14,5%\u003C\u002Fp>\u003Cp>\u003Ci> DIVIDEND YIELD \u003C\u002Fi> ANUALIZADO\u003C\u002Fp>\u003Cp>(Cota de mercado)²:\u003C\u002Fp>\u003Cp>19,0%\u003C\u002Fp>\u003Cp>RESERVA DO MÊS:\u003C\u002Fp>\u003Cp>R$ 0,47\u003C\u002Fp>\u003Cp>VOLUME NEGOCIADO:\u003C\u002Fp>\u003Cp>R$ 1,1MM\u003C\u002Fp>\u003Cp>LIQUIDEZ MÉDIA DIÁRIA:\u003C\u002Fp>\u003Cp>R$ 0,05MM\u003C\u002Fp>\u003Cp>PATRIMÔNIO LÍQUIDO:\u003C\u002Fp>\u003Cp>R$ 89,51MM\u003C\u002Fp>\u003Cp>VALOR PATRIMONIAL DA COTA:\u003C\u002Fp>\u003Cp>R$ 99,01\u003C\u002Fp>\u003Cp>MARKET CAP:\u003C\u002Fp>\u003Cp>R$ 68,58MM\u003C\u002Fp>\u003Cp>VALOR DE MERCADO DA COTA:\u003C\u002Fp>\u003Cp>R$ 75,86\u003C\u002Fp>\u003Cp>P\u002FB:\u003C\u002Fp>\u003Cp>0,76x\u003C\u002Fp>\u003Cp>NÚMERO DE COTISTAS:\u003C\u002Fp>\u003Cp>5.728\u003C\u002Fp>\u003Ch3>DESTAQUES RESUMO DO GESTOR\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_3_Picture_28.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cb> Alocação: \u003C\u002Fb> O fundo chegou ao final do mês com 89% da carteira de investimentos alocada em operações de CRI e 11% em instrumentos de caixa.\u003C\u002Fp>\u003Cp>A carteira de CRI se encontra atualmente 70% indexada ao IPCA, 29% ao CDI e 1% ao IGPM.\u003C\u002Fp>\u003Cp>\u003Cb> Distribuição de Resultado: \u003C\u002Fb> No fechamento do mês, o resultado do Fundo foi de R$ 0,90\u002Fcota e a distribuição de rendimentos foi de R$ 1,20\u002Fcota. A reserva de lucros acumulados fechou em R$ 0,47 ao final do mês.\u003C\u002Fp>\u003Cp>¹ \u003Ci> Dividend Yield \u003C\u002Fi> calculado sobre a cota patrimonial de 30\u002F09; ² \u003Ci> Dividendo Yield \u003C\u002Fi> calculado sobre a cota de fechamento em 30\u002F09.\u003C\u002Fp>\u003Ch3>NOTA DO GESTOR\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_4_Picture_1.jpeg\">\u003C\u002Fp>\u003Ch3>PRINCIPAIS ATUALIZAÇÕES – REORGANIZAÇÃO DOS FUNDOS\u003C\u002Fh3>\u003Cp>\u003Cb> Proposta de aquisição de ativos: \u003C\u002Fb> O Fundo divulgou, em 05\u002F10, a Ata da Assembleia (clique aqui ) informando a aprovação da reorganização dos Fundos, incluindo a aquisição de 50% dos ativos do OUJP11 e de 100% dos ativos do RBHG11. Participaram da votação cotistas representantes de 37,411% das cotas do Fundo, dos quais 26,595% votaram pela aprovação das matérias propostas. Aproveitamos este espaço para agradecer a confiança e o apoio dos investidores na deliberação das matérias. Continuaremos trabalhando ativamente para fortalecer e expandir o Fundo, buscando novas oportunidades e trabalhando para gerar resultados consistentes, com foco na criação de valor e na construção de retornos sustentáveis ao longo do tempo.\u003C\u002Fp>\u003Cp>Como próximos passos, realizaremos inicialmente o processo de emissão de cotas do JPPA11, para aquisição dos ativos. Após essa etapa, serão conduzidos os procedimentos necessários para a liquidação dos Fundos OUJP11 e RBHG11, incluindo a coleta das informações de preço médio dos investidores para fins de apuração tributária da operação. Manteremos os investidores informados sobre a evolução dessas etapas por meio de comunicados a mercado e relatórios gerenciais do Fundo.\u003C\u002Fp>\u003Ch5>FLUXO DE CAIXA\u003C\u002Fh5>\u003Cp>\u003Cb> Distribuição de rendimentos: \u003C\u002Fb> o resultado do Fundo foi de R$ 0,90\u002Fcota e a distribuição de rendimentos foi de R$ 1,20\u002Fcota. A reserva de lucros acumulados fechou em R$ 0,47 ao final do mês.\u003C\u002Fp>\u003Cp>Conforme informado nos relatórios anteriores, a gestão tem trabalhado com o objetivo de manter um patamar de distribuição de dividendos adequado ao perfil de risco do fundo, utilizando uma combinação entre o resultado recorrente, os lucros retidos e a conversão em caixa do resultado contábil gerado pela correção monetária dos ativos.\u003C\u002Fp>\u003Ch3>\u003Cb> DEMONSTRAÇÕES DE RESULTADOS \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>*O resultado considera as operações até o penúltimo dia útil da data base.\u003C\u002Fp>\u003Ch3><u>Clique aqui<\u002Fu> e acesse a Planilha de Fundamentos do Fundo\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Data\u003C\u002Fth>\u003Cth>Set-26\u003C\u002Fth>\u003Cth>R$\u002Fcota\u003C\u002Fth>\u003Cth>Acum. 2026\u003C\u002Fth>\u003Cth colspan=\"2\">Acum. 12 Meses\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth colspan=\"2\">eceitas Totais 994.577\u003C\u002Fth>\u003Cth>1,10\u003C\u002Fth>\u003Cth>11.435.917\u003C\u002Fth>\u003Cth colspan=\"2\">14.498.322\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas Ativos Alvo\u003C\u002Ftd>\u003Ctd>878.471\u003C\u002Ftd>\u003Ctd>0,97\u003C\u002Ftd>\u003Ctd>11.004.111\u003C\u002Ftd>\u003Ctd>13.751.675\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas CRI\u003C\u002Ftd>\u003Ctd>945.194\u003C\u002Ftd>\u003Ctd>1,05\u003C\u002Ftd>\u003Ctd>10.910.251\u003C\u002Ftd>\u003Ctd>13.651.874\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ganho de Capital CRI\u003C\u002Ftd>\u003Ctd>(66.723)\u003C\u002Ftd>\u003Ctd>-0,07\u003C\u002Ftd>\u003Ctd>93.861\u003C\u002Ftd>\u003Ctd colspan=\"2\">99.800\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII Receitas\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0,00\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas Renda Fixa\u003C\u002Ftd>\u003Ctd>123.980\u003C\u002Ftd>\u003Ctd>0,14\u003C\u002Ftd>\u003Ctd>431.806\u003C\u002Ftd>\u003Ctd colspan=\"2\">746.647\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Cth>Despesas Totais\u003C\u002Fth>\u003Cth>(184.959)\u003C\u002Fth>\u003Cth>-0,20\u003C\u002Fth>\u003Cth>(1.170.726)\u003C\u002Fth>\u003Cth>(1.583.310)\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Taxa Administração\u003C\u002Ftd>\u003Ctd>(92.858)\u003C\u002Ftd>\u003Ctd>-0,10\u003C\u002Ftd>\u003Ctd>(687.356)\u003C\u002Ftd>\u003Ctd>(1.031.280)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Gerais\u003C\u002Ftd>\u003Ctd>(106.984)\u003C\u002Ftd>\u003Ctd>-0,12\u003C\u002Ftd>\u003Ctd>(298.410)\u003C\u002Ftd>\u003Ctd colspan=\"2\">(477.259)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IR Aplicação\u003C\u002Ftd>\u003Ctd>(27.895)\u003C\u002Ftd>\u003Ctd>-0,03\u003C\u002Ftd>\u003Ctd>(71.032)\u003C\u002Ftd>\u003Ctd>(160.153)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Cth>Resultado*\u003C\u002Fth>\u003Cth>809.618\u003C\u002Fth>\u003Cth>0,90\u003C\u002Fth>\u003Cth>10.265.191\u003C\u002Fth>\u003Cth>12.915.012\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado\u002FCota¹\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0,90\u003C\u002Ftd>\u003Ctd>11,35\u003C\u002Ftd>\u003Ctd>14,29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Distribuição\u002FCota\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>1,20\u003C\u002Ftd>\u003Ctd>10,85\u003C\u002Ftd>\u003Ctd>14,18\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>DESEMPENHO DO FUNDO\u003C\u002Fh5>\u003Cp>No mês, o retorno total do Fundo foi de 2,60% vs 1,08% do CDI e 2,01% do IMA-B 5.\u003C\u002Fp>\u003Cp>Nos últimos doze meses, o retorno total do Fundo foi de 15,83% vs 12,30% do CDI (líquido de 15% de IR) e 14,80% do IMA-B 5.\u003C\u002Fp>\u003Ch5>\u003Cb> DESEMPENHO NOS ÚLTIMOS 12 MESES \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_6_Picture_4.jpeg\">\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Mês\u003C\u002Fth>\u003Cth>Patrimônio Líquido\u003Cbr>($MM)\u003C\u002Fth>\u003Cth>Dividend Yield\u003Cbr>sobre a cota\u003Cbr>patrimonial\u003C\u002Fth>\u003Cth>Retorno Total\u003Cbr>do Fundo\u003C\u002Fth>\u003Cth>Retorno\u003Cbr>Total do\u003Cbr>Fundo\u003Cbr>(12 Meses)\u003C\u002Fth>\u003Cth>CDI\u003C\u002Fth>\u003Cth>CDI\u003Cbr>(12 Meses) \u003Csup> 2 \u003C\u002Fsup>\u003C\u002Fth>\u003Cth>IMA-B 5\u003C\u002Fth>\u003Cth>IMA-B 5\u003Cbr>(12 Meses)³\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>out-25\u003C\u002Ftd>\u003Ctd>89,62\u003C\u002Ftd>\u003Ctd>1,08%\u003C\u002Ftd>\u003Ctd>1,74%\u003C\u002Ftd>\u003Ctd>17,50%\u003C\u002Ftd>\u003Ctd>1,28%\u003C\u002Ftd>\u003Ctd>11,65%\u003C\u002Ftd>\u003Ctd>1,03%\u003C\u002Ftd>\u003Ctd>9,53%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>nov-25\u003C\u002Ftd>\u003Ctd>90,12\u003C\u002Ftd>\u003Ctd>1,07%\u003C\u002Ftd>\u003Ctd>1,63%\u003C\u002Ftd>\u003Ctd>18,17%\u003C\u002Ftd>\u003Ctd>1,05%\u003C\u002Ftd>\u003Ctd>11,90%\u003C\u002Ftd>\u003Ctd>4,57%\u003C\u002Ftd>\u003Ctd>14,11%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>dez-25\u003C\u002Ftd>\u003Ctd>90,02\u003C\u002Ftd>\u003Ctd>1,21%\u003C\u002Ftd>\u003Ctd>1,10%\u003C\u002Ftd>\u003Ctd>19,77%\u003C\u002Ftd>\u003Ctd>1,22%\u003C\u002Ftd>\u003Ctd>12,18%\u003C\u002Ftd>\u003Ctd>-2,43%\u003C\u002Ftd>\u003Ctd>11,65%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>jan-26\u003C\u002Ftd>\u003Ctd>90,53\u003C\u002Ftd>\u003Ctd>1,06%\u003C\u002Ftd>\u003Ctd>1,64%\u003C\u002Ftd>\u003Ctd>19,19%\u003C\u002Ftd>\u003Ctd>1,16%\u003C\u002Ftd>\u003Ctd>12,32%\u003C\u002Ftd>\u003Ctd>1,20%\u003C\u002Ftd>\u003Ctd>10,91%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>fev-26\u003C\u002Ftd>\u003Ctd>90,92\u003C\u002Ftd>\u003Ctd>1,06%\u003C\u002Ftd>\u003Ctd>1,49%\u003C\u002Ftd>\u003Ctd>20,94%\u003C\u002Ftd>\u003Ctd>1,00%\u003C\u002Ftd>\u003Ctd>12,33%\u003C\u002Ftd>\u003Ctd>1,22%\u003C\u002Ftd>\u003Ctd>11,53%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>mar-26\u003C\u002Ftd>\u003Ctd>90,94\u003C\u002Ftd>\u003Ctd>1,05%\u003C\u002Ftd>\u003Ctd>1,07%\u003C\u002Ftd>\u003Ctd>20,98%\u003C\u002Ftd>\u003Ctd>1,21%\u003C\u002Ftd>\u003Ctd>12,57%\u003C\u002Ftd>\u003Ctd>1,39%\u003C\u002Ftd>\u003Ctd>12,47%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>abr-26\u003C\u002Ftd>\u003Ctd>90,93\u003C\u002Ftd>\u003Ctd>1,19%\u003C\u002Ftd>\u003Ctd>1,18%\u003C\u002Ftd>\u003Ctd>19,45%\u003C\u002Ftd>\u003Ctd>1,09%\u003C\u002Ftd>\u003Ctd>12,60%\u003C\u002Ftd>\u003Ctd>1,32%\u003C\u002Ftd>\u003Ctd>11,98%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>mai-26\u003C\u002Ftd>\u003Ctd>90,64\u003C\u002Ftd>\u003Ctd>1,34%\u003C\u002Ftd>\u003Ctd>1,02%\u003C\u002Ftd>\u003Ctd>17,92%\u003C\u002Ftd>\u003Ctd>1,07%\u003C\u002Ftd>\u003Ctd>12,54%\u003C\u002Ftd>\u003Ctd>0,97%\u003C\u002Ftd>\u003Ctd>12,37%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>jun-26\u003C\u002Ftd>\u003Ctd>89,82\u003C\u002Ftd>\u003Ctd>1,52%\u003C\u002Ftd>\u003Ctd>0,61%\u003C\u002Ftd>\u003Ctd>16,96%\u003C\u002Ftd>\u003Ctd>1,12%\u003C\u002Ftd>\u003Ctd>12,56%\u003C\u002Ftd>\u003Ctd>0,22%\u003C\u002Ftd>\u003Ctd>12,12%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>jul-26\u003C\u002Ftd>\u003Ctd>89,41\u003C\u002Ftd>\u003Ctd>1,21%\u003C\u002Ftd>\u003Ctd>0,76%\u003C\u002Ftd>\u003Ctd>17,20%\u003C\u002Ftd>\u003Ctd>1,22%\u003C\u002Ftd>\u003Ctd>12,50%\u003C\u002Ftd>\u003Ctd>1,24%\u003C\u002Ftd>\u003Ctd>9,95%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ago-26\u003C\u002Ftd>\u003Ctd>88,30\u003C\u002Ftd>\u003Ctd>1,21%\u003C\u002Ftd>\u003Ctd>-0,04%\u003C\u002Ftd>\u003Ctd>15,15%\u003C\u002Ftd>\u003Ctd>1,09%\u003C\u002Ftd>\u003Ctd>12,44%\u003C\u002Ftd>\u003Ctd>1,28%\u003C\u002Ftd>\u003Ctd>13,28%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>set-26\u003C\u002Ftd>\u003Ctd>89,51\u003C\u002Ftd>\u003Ctd>1,23%\u003C\u002Ftd>\u003Ctd>2,60%\u003C\u002Ftd>\u003Ctd>15,83%\u003C\u002Ftd>\u003Ctd>1,08%\u003C\u002Ftd>\u003Ctd>12,30%\u003C\u002Ftd>\u003Ctd>2,01%\u003C\u002Ftd>\u003Ctd>14,80%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cb> DESEMPENHO DO FUNDO X BENCHMARK \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_6_Figure_7.jpeg\">\u003C\u002Fp>\u003Cp>\u003Csup> & \u003C\u002Fsup> lt;sup>1<\u002Fsup> Cota patrimonial acrescida dos dividendos distribuídos; ; <sup>2<\u002Fsup> CDI: Líquido de alíquota de IR de 15%; <sup>3<\u002Fsup> IMAB-5: Acrescido de 0,5%aa * Cota de mercado acrescida dos dividendos distribuídos\u003C\u002Fp>\u003Cp>JPPA11 acrescida dos dividendos distribuídos SETEMBRO 2026\u003C\u002Fp>\u003Ch5>\u003Cb> PERFORMANCE \u003C\u002Fb>\u003C\u002Fh5>\u003Ch5>A reserva do Fundo era R$ 0,47\u002Fcota ao final do mês\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_7_Picture_2.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> DISTRIBUIÇÃO E DIVIDEND YIELD \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_7_Figure_4.jpeg\">\u003C\u002Fp>\u003Ch3>RESULTADOS, VALORES DISTRIBUÍDOS E RESERVA\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_7_Figure_6.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> TABELA DE SENSIBILIDADE \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>A tabela de sensibilidade<sup>2<\u002Fsup> visa demonstrar, de forma teórica, o impacto que variações no preço de negociação das cotas no mercado secundário podem causar no yield equivalente do IPCA+ e CDI+ do fundo. As projeções consideram a reversão do ágio ou deságio em relação à cota patrimonial, mantendo constante a composição da carteira e os fluxos contratados dos ativos.\u003C\u002Fp>\u003Cp>Neste mês, a Gestão realizou um ajuste na metodologia de cálculo da tabela de sensibilidade para tornar as projeções mais alinhadas ao resultado da carteira do Fundo.\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth colspan=\"10\">Tabela de sensibilidade\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Desagio da cota patrimonial\u003C\u002Fth>\u003Cth>Cota mercado\u003C\u002Fth>\u003Cth>Yield IPCA+\u003C\u002Fth>\u003Cth colspan=\"3\">Yield CDI+\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>-16,00%\u003C\u002Ftd>\u003Ctd>84,18\u003C\u002Ftd>\u003Ctd>17,7%\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>-12,00%\u003C\u002Ftd>\u003Ctd>88,18\u003C\u002Ftd>\u003Ctd>15,8%\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>-8,00%\u003C\u002Ftd>\u003Ctd>92,19\u003C\u002Ftd>\u003Ctd>14,2%\u003C\u002Ftd>\u003Ctd colspan=\"2\">6,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>-4,00%\u003C\u002Ftd>\u003Ctd>96,20\u003C\u002Ftd>\u003Ctd>12,6%\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mercado - fechamento do mês\u003C\u002Ftd>\u003Ctd>75,86\u003C\u002Ftd>\u003Ctd>31,0%\u003C\u002Ftd>\u003Ctd>22,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Patrimonial - fechamento do mês\u003C\u002Ftd>\u003Ctd>100,21\u003C\u002Ftd>\u003Ctd>11,3%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Curva\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>3,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp><sup>1<\u002Fsup>Dividend yield anualizado, com base na cota de fechamento na data de divulgação do rendimento; <sup>2<\u002Fsup>As informações aqui apresentadas não configuram promessa ou garantia de rentabilidade, distribuição de rendimentos ou isenção de riscos. Os dados são baseados nas condições atuais de mercado e estão sujeitos a alterações. A rentabilidade passada não representa garantia de resultados futuros.\u003C\u002Fp>\u003Ch3>\u003Cb> MERCADO SECUNDÁRIO \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_8_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>Ao final do mês, o volume negociado chegou a R$ 1,1 milhões com média diária de aproximadamente R$ 0,05 milhões, o que corresponde a 1,5% em valor de mercado. O Fundo fechou o mês com 5,7 mil cotistas.\u003C\u002Fp>\u003Ch5>VOLUME NEGOCIADO NÚMERO DE COTISTAS\u003C\u002Fh5>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_8_Figure_6.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_8_Figure_7.jpeg\">\u003C\u002Fp>\u003Ch2>JPP CAPITAL RECEBÍVEIS IMOBILIÁRIOS CARTEIRA DO FUNDO\u003C\u002Fh2>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_9_Picture_1.jpeg\">\u003C\u002Fp>\u003Ch3>DISTRIBUIÇÃO DOS ATIVOS\u003C\u002Fh3>\u003Cp>O fundo chegou ao final do mês com 89% da carteira de investimentos alocada em operações de CRI e 11% em instrumentos de caixa.\u003C\u002Fp>\u003Cp>O Fundo está com 69% das operações em lastro Corporativo, 29% em BTS\u002FAluguel e 2% em ativos pulverizados.\u003C\u002Fp>\u003Cp>Os setores mais representativos são os de Incorporação com 35%, e Loteamento com 27% das operações.\u003C\u002Fp>\u003Cp>A Carteira do Fundo encontra-se atualmente 70% ao IPCA + 11%, 29% indexada ao CDI + 5% e 1% ao IGPM + 8.6%.\u003C\u002Fp>\u003Ch3>P\u003C\u002Fh3>\u003Ch5>\u003Cb> CLASSE DE ATIVOS \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_10_Figure_7.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CLASSIFICAÇÃO DOS ATIVOS \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_10_Figure_9.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> SETORES \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_10_Figure_11.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> INDEXADOR E TAXA PONDERADA \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_10_Figure_13.jpeg\">\u003C\u002Fp>\u003Cp>JPP CAPITAL RECEBIVEIS IMOBILIARIOS FII JPPA11\u003C\u002Fp>\u003Cp>\u003Csup> * \u003C\u002Fsup> Taxa média ponderada entre os ativos da carteira de CRI\u003C\u002Fp>\u003Ch5>MAPA DE CONCENTRAÇÃO DOS ATIVOS² CONCENTRAÇÃO DOS ATIVOS\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_11_Figure_2.jpeg\">\u003C\u002Fp>\u003Cp>(em relação ao PL)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_11_Figure_5.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_11_Figure_6.jpeg\">\u003C\u002Fp>\u003Cp>SETEMBRO 2026\u003C\u002Fp>\u003Cp>\u003Ci> ¹Ativos classificados como \"Outros\" representam percentuais inferiores a 2,4% do PL. \u003C\u002Fi>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_12_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>LTV Médio de \u003Cb> 59,8% \u003C\u002Fb>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_12_Figure_4.jpeg\">\u003C\u002Fp>\u003Ch5>DISTRIBUIÇÃO DO LTV DISTRIBUIÇÃO POR VENCIMENTO\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_12_Figure_6.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_13_Picture_1.jpeg\">\u003C\u002Fp>\u003Ch5>CLASSIFICAÇÃO - BTS\u002FALUGUEL\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Tipo de\u003Cbr>Ativo\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Risco\u003C\u002Fth>\u003Cth>Valor do Ativo\u003Cbr>(R$ MM)\u003C\u002Fth>\u003Cth>% do PL\u003C\u002Fth>\u003Cth>Data\u003Cbr>Aquis.\u003C\u002Fth>\u003Cth>Duration\u003C\u002Fth>\u003Cth>Data\u003Cbr>Vcto.\u003C\u002Fth>\u003Cth>Index\u003C\u002Fth>\u003Cth>Taxa\u003Cbr>Emissão\u003C\u002Fth>\u003Cth>LTV¹\u003C\u002Fth>\u003Cth>Part. da operação\u003Cbr>na carteira de CRI\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>22H1517101\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>VIRGO\u003C\u002Ftd>\u003Ctd>KOCH\u003C\u002Ftd>\u003Ctd>6,25\u003C\u002Ftd>\u003Ctd>6,9%\u003C\u002Ftd>\u003Ctd>ago-22\u003C\u002Ftd>\u003Ctd>8,6\u003C\u002Ftd>\u003Ctd>jul-43\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 8,50%\u003C\u002Ftd>\u003Ctd>52,6%\u003C\u002Ftd>\u003Ctd>7,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24B1861489\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>TRUE\u003C\u002Ftd>\u003Ctd>CELESTE\u003C\u002Ftd>\u003Ctd>7,75\u003C\u002Ftd>\u003Ctd>8,6%\u003C\u002Ftd>\u003Ctd>mar-24\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003Ctd>fev-37\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 11,70%\u003C\u002Ftd>\u003Ctd>73,6%\u003C\u002Ftd>\u003Ctd>9,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2010135149\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>TRUE\u003C\u002Ftd>\u003Ctd>SOCICAM\u003C\u002Ftd>\u003Ctd>4,04\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>set-20\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003Ctd>set-35\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 8,50%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24E2267881\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>PROVÍNCIA\u003C\u002Ftd>\u003Ctd>CELESTE\u003C\u002Ftd>\u003Ctd>2,23\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>jun-24\u003C\u002Ftd>\u003Ctd>3,8\u003C\u002Ftd>\u003Ctd>jun-37\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 11,20%\u003C\u002Ftd>\u003Ctd>50,5%\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>21K0058017\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>VIRGO\u003C\u002Ftd>\u003Ctd>ABV\u003C\u002Ftd>\u003Ctd>2,52\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003Ctd>nov-21\u003C\u002Ftd>\u003Ctd>3,5\u003C\u002Ftd>\u003Ctd>out-33\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 8,50%\u003C\u002Ftd>\u003Ctd>102,9%\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>19K1139670\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>TRUE\u003C\u002Ftd>\u003Ctd>ESTÁCIO\u003C\u002Ftd>\u003Ctd>0,57\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>dez-19\u003C\u002Ftd>\u003Ctd>0,5\u003C\u002Ftd>\u003Ctd>out-27\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 6,00%\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TOTAL\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>23,36\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp><sup>1<\u002Fsup>O LTV é obtido pela relação entre a dívida e o valor do imóvel. No caso de CRI em tranche sênior, usamos somente o valor da dívida dessa tranche no cálculo. Um LTV mais baixo indica maior segurança na operação. Quando o CRI não possuir uma garantia real atrelada à operação, ele é classificado como \"N\u002FA\", ou seja, não aplicável, já que não há um imóvel específico para servir de base no cálculo desse indicador.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_14_Picture_1.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CLASSIFICAÇÃO - CORPORATIVO \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Tipo de\u003Cbr>Ativo\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Risco\u003C\u002Fth>\u003Cth>Valor do Ativo\u003Cbr>(R$ MM)\u003C\u002Fth>\u003Cth>% do PL\u003C\u002Fth>\u003Cth>Data\u003Cbr>Aquis.\u003C\u002Fth>\u003Cth>Duration\u003C\u002Fth>\u003Cth>Data\u003Cbr>Vcto.\u003C\u002Fth>\u003Cth>Index\u003C\u002Fth>\u003Cth>Taxa\u003Cbr>Emissão\u003C\u002Fth>\u003Cth>LTV¹\u003C\u002Fth>\u003Cth>Part. da operação\u003Cbr>na carteira de CRI\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>22C1024589\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>CANAL\u003C\u002Ftd>\u003Ctd>ARQUIPLAN\u003C\u002Ftd>\u003Ctd>3,74\u003C\u002Ftd>\u003Ctd>4,1%\u003C\u002Ftd>\u003Ctd>abr-22\u003C\u002Ftd>\u003Ctd>0,3\u003C\u002Ftd>\u003Ctd>mar-27\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>+ -\u003C\u002Ftd>\u003Ctd>5,4%\u003C\u002Ftd>\u003Ctd>4,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>23A1510278\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>OPEA\u003C\u002Ftd>\u003Ctd>OAD\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>7,0%\u003C\u002Ftd>\u003Ctd>fev-23\u003C\u002Ftd>\u003Ctd>1,2\u003C\u002Ftd>\u003Ctd>jan-28\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 13,50%\u003C\u002Ftd>\u003Ctd>110,2%\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>22E0591830\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>TRUE\u003C\u002Ftd>\u003Ctd>DAL POZZO\u003C\u002Ftd>\u003Ctd>1,44\u003C\u002Ftd>\u003Ctd>1,6%\u003C\u002Ftd>\u003Ctd>mai-22\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>mai-32\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>+ 6,50%\u003C\u002Ftd>\u003Ctd>30,1%\u003C\u002Ftd>\u003Ctd>1,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>20K0549411\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>OPEA\u003C\u002Ftd>\u003Ctd>DÍNAMO\u003C\u002Ftd>\u003Ctd>2,73\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>nov-20\u003C\u002Ftd>\u003Ctd>1,1\u003C\u002Ftd>\u003Ctd>nov-28\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 8,75%\u003C\u002Ftd>\u003Ctd>33,9%\u003C\u002Ftd>\u003Ctd>3,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24B1573243\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>LEVERAGE\u003C\u002Ftd>\u003Ctd>LOTE 5\u003C\u002Ftd>\u003Ctd>2,24\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>fev-24\u003C\u002Ftd>\u003Ctd>3,6\u003C\u002Ftd>\u003Ctd>jul-37\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 10,50%\u003C\u002Ftd>\u003Ctd>3,9%\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>21H1031711\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>ORE SEC\u003C\u002Ftd>\u003Ctd>DAL POZZO\u003C\u002Ftd>\u003Ctd>0,67\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>jun-23\u003C\u002Ftd>\u003Ctd>1,2\u003C\u002Ftd>\u003Ctd>ago-29\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>+ 6,50%\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>0,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>19K1124486\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>ORE SEC\u003C\u002Ftd>\u003Ctd>CARVALHO\u003Cbr>HOSKEN\u003C\u002Ftd>\u003Ctd>1,22\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003Ctd>dez-19\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>dez-27\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>+ 7,00%\u003C\u002Ftd>\u003Ctd>44,2%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24J4921075\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>VIRGO\u003C\u002Ftd>\u003Ctd>DAL_POZZO_III\u003C\u002Ftd>\u003Ctd>2,58\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003Ctd>nov-24\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003Ctd>mai-31\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>+ 5,65%\u003C\u002Ftd>\u003Ctd>26,6%\u003C\u002Ftd>\u003Ctd>3,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24L2316848\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>VIRGO\u003C\u002Ftd>\u003Ctd>IBEN_III\u003C\u002Ftd>\u003Ctd>1,54\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003Ctd>dez-24\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003Ctd>dez-30\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>+ 5,85%\u003C\u002Ftd>\u003Ctd>32,2%\u003C\u002Ftd>\u003Ctd>1,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>25A3835544\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>PROVÍNCIA\u003C\u002Ftd>\u003Ctd>MASOTTI\u003C\u002Ftd>\u003Ctd>5,58\u003C\u002Ftd>\u003Ctd>6,2%\u003C\u002Ftd>\u003Ctd>fev-25\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003Ctd>jun-33\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>+ 3,75%\u003C\u002Ftd>\u003Ctd>49,9%\u003C\u002Ftd>\u003Ctd>6,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>25H3262782\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>PROVÍNCIA\u003C\u002Ftd>\u003Ctd>TERROÁ\u003C\u002Ftd>\u003Ctd>2,48\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003Ctd>set-25\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>ago-33\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 12,50%\u003C\u002Ftd>\u003Ctd>75,7%\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>25J0481051\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>PROVÍNCIA\u003C\u002Ftd>\u003Ctd>LAKEN\u003C\u002Ftd>\u003Ctd>8,52\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>out-25\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003Ctd>set-35\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 12,68%\u003C\u002Ftd>\u003Ctd>87,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>25K3757811\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>OPEA\u003C\u002Ftd>\u003Ctd>OAD_II\u003C\u002Ftd>\u003Ctd>6,45\u003C\u002Ftd>\u003Ctd>7,1%\u003C\u002Ftd>\u003Ctd>dez-25\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>ago-29\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>+ 4,50%\u003C\u002Ftd>\u003Ctd>100,1%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>26C0435984\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>PROVÍNCIA\u003C\u002Ftd>\u003Ctd>MAGO\u003C\u002Ftd>\u003Ctd>6,02\u003C\u002Ftd>\u003Ctd>6,6%\u003C\u002Ftd>\u003Ctd>mar-26\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003Ctd>mar-31\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 12,50%\u003C\u002Ftd>\u003Ctd>83,5%\u003C\u002Ftd>\u003Ctd>7,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>26F3491396\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>PROVÍNCIA\u003C\u002Ftd>\u003Ctd>GPCI_IV\u003C\u002Ftd>\u003Ctd>2,55\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003Ctd>mar-26\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003Ctd>jun-31\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>+ 5,50%\u003C\u002Ftd>\u003Ctd>44,8%\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>20E0896474\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>VIRGO\u003C\u002Ftd>\u003Ctd>GPCI\u003C\u002Ftd>\u003Ctd>1,96\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003Ctd>ago-20\u003C\u002Ftd>\u003Ctd>0,4\u003C\u002Ftd>\u003Ctd>jul-31\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 12,00%\u003C\u002Ftd>\u003Ctd>13,7%\u003C\u002Ftd>\u003Ctd>2,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TOTAL\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>56,01\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Csup> & \u003C\u002Fsup> lt;sup>1<\u002Fsup>O LTV é obtido pela relação entre a dívida e o valor do imóvel. No caso de CRI em tranche sênior, usamos somente o valor da dívida dessa tranche no cálculo. Um LTV mais baixo indica maior segurança na operação. Quando o CRI não possuir uma garantia real atrelada à operação, ele é classificado como \"N\u002FA\", ou seja, não aplicável, já que não há um imóvel específico para servir de base no cálculo desse indicador.\u003C\u002Fp>\u003Ch5>A duration média da carteira era de 3,1 anos ao final do mês\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_15_Picture_2.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CLASSIFICAÇÃO - PULVERIZADO \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Tipo de\u003Cbr>Ativo\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Risco\u003C\u002Fth>\u003Cth>Valor do Ativo\u003Cbr>(R$ MM)\u003C\u002Fth>\u003Cth>% do PL\u003C\u002Fth>\u003Cth>Data\u003Cbr>Aquis.\u003C\u002Fth>\u003Cth>Duration\u003C\u002Fth>\u003Cth>Data\u003Cbr>Vcto.\u003C\u002Fth>\u003Cth>Index\u003C\u002Fth>\u003Cth>Taxa\u003Cbr>Emissão\u003C\u002Fth>\u003Cth>LTV¹\u003C\u002Fth>\u003Cth>Part. da operação\u003Cbr>na carteira de CRI\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>17L0959863\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>TRUE\u003C\u002Ftd>\u003Ctd>COQUEIROS\u003C\u002Ftd>\u003Ctd>0,79\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>jan-19\u003C\u002Ftd>\u003Ctd>0,9\u003C\u002Ftd>\u003Ctd>set-32\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>+ 9,00%\u003C\u002Ftd>\u003Ctd>31,3%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>19E0966783\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>ORE SEC\u003C\u002Ftd>\u003Ctd>PULVERIZADO\u003C\u002Ftd>\u003Ctd>0,36\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>jun-19\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>out-33\u003C\u002Ftd>\u003Ctd>IGPM\u003C\u002Ftd>\u003Ctd>+ 6,68%\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>19E0966784\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>ORE SEC\u003C\u002Ftd>\u003Ctd>PULVERIZADO\u003Cbr>MEZA\u003C\u002Ftd>\u003Ctd>0,50\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>jun-19\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003Ctd>out-33\u003C\u002Ftd>\u003Ctd>IGPM\u003C\u002Ftd>\u003Ctd>+ 10,00%\u003C\u002Ftd>\u003Ctd>13,0%\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TOTAL\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>1,65\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Total da carteira de Ativos: R$ 81,02 milhões\u003C\u002Fp>\u003Ch5>\u003Cb> CLASSIFICAÇÃO - RENDA FIXA \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Tipo de Ativo\u003C\u002Fth>\u003Cth>Risco\u003C\u002Fth>\u003Cth>Valor do Ativo (R$ MM)\u003C\u002Fth>\u003Cth>% do PL\u003C\u002Fth>\u003Cth>Index\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>FUNDO DI\u003C\u002Fth>\u003Cth>RF\u003C\u002Fth>\u003Cth>BRASIL\u003C\u002Fth>\u003Cth>10,00\u003C\u002Fth>\u003Cth>12,3\u003C\u002Fth>\u003Cth>CDI\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>Baixe a Carteira de Ativos em Excel\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_15_Picture_9.jpeg\">\u003C\u002Fp>\u003Cp><sup>1<\u002Fsup>O LTV é obtido pela relação entre a dívida e o valor do imóvel. No caso de CRI em tranche sênior, usamos somente o valor da dívida dessa tranche no cálculo. Um LTV mais baixo indica maior segurança na operação. Quando o CRI não possuiu uma garantia real atrelada à operação, ele é classificado como \"N\u002FA\", ou seja, não aplicável, já que não há um imóvel específico para servir de base no cálculo desse indicador.\u003C\u002Fp>\u003Cp>A maior parte dos ativos que analisamos, sobretudo aqueles emitidos no âmbito da ICVM 476, não conta com classificação de risco emitida por agências de rating. Dessa forma, utilizamos uma metodologia de classificação proprietária que serve de apoio às nossas decisões de investimentos.\u003C\u002Fp>\u003Cp>Nessa metodologia, o ativo e o respectivo devedor são avaliados de acordo com uma lista de critérios quantitativos e qualitativos e a classificação do devedor é o resultado do somatório da pontuação de cada item avaliado. Nesse processo, que é continuamente aprimorado, o ativo poderá receber classificação diversa do devedor, considerando a estrutura da operação e a qualidade das garantias acessórias.\u003C\u002Fp>\u003Cp>O gráfico ao lado mostra a distribuição da classificação dos ativos da carteira ao final do mês:\u003C\u002Fp>\u003Ch3>DISTRIBUIÇÃO POR CLASSIFICAÇÃO\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_16_Picture_5.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_16_Figure_6.jpeg\">\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>Qualidade de crédito\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aa1\u003C\u002Ftd>\u003Ctd colspan=\"2\">Excepcional\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>A1\u003C\u002Ftd>\u003Ctd>Excepcional\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>A2\u003C\u002Ftd>\u003Ctd>Alta\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>A3\u003C\u002Ftd>\u003Ctd>Alta\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Baa1\u003C\u002Ftd>\u003Ctd>Adequada\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Baa2\u003C\u002Ftd>\u003Ctd>Adequada\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Baa3\u003C\u002Ftd>\u003Ctd>Adequada\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>B1\u003C\u002Ftd>\u003Ctd>Baixa\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>B2\u003C\u002Ftd>\u003Ctd>Baixa\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Caa1\u003C\u002Ftd>\u003Ctd>Alto risco\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Caa2\u003C\u002Ftd>\u003Ctd>Alto risco\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Alto risco\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>\u003Cb> JPP CAPITAL RECEBÍVEIS IMOBILIÁRIOS DETALHAMENTO DOS CRIS \u003C\u002Fb>\u003C\u002Fh2>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_17_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_18_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_18_Picture_2.jpeg\">\u003C\u002Fp>\u003Ch3>\u003Cb> CRI Pulverizado Coqueiros (17L0959863) \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>\u003C\u002Fp>\u003Cp>Residencial\u003C\u002Fp>\u003Cp>Loteamento residencial urbano Jardim dos Coqueiros\u003C\u002Fp>\u003Cp>CCB repres de direitos creditórios de contratos de compra e venda\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Pulverizado \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 28\u002F12\u002F2017 \u003Cb> Vencimento \u003C\u002Fb> 28\u002F09\u002F2032 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 20,2 \u003Cb> Oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Baretos\u002FSP Garantias\u003C\u002Fp>\u003Cp>AF dos lotes (a registrar quando atingir 6 parcelas em aberto)\u003C\u002Fp>\u003Cp>CF dos créditos imobiliários\u003C\u002Fp>\u003Cp>Fundo de contigência >50% do custo de registro de AF nos contratos\u003C\u002Fp>\u003Cp>Fundo de reserva >2 PMT\u003C\u002Fp>\u003Cp>\u003Cb> Rating JPP: \u003C\u002Fb> B1\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_18_Picture_15.jpeg\">\u003C\u002Fp>\u003Ch3>\u003Cb> CRI Celeste II (24E2267881) \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>\u003C\u002Fp>\u003Cp>Brasnorte (MT)\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Aluguel\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Usina de energia Solar\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>CF de recebíveis; Fundo de juros; Aval dos sócios.\u003C\u002Fp>\u003Cp>Garantias AF de 100% cotas SPE; AF de fazenda – 200%\u003C\u002Fp>\u003Cp>Aluguel\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Celeste \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 07\u002F06\u002F2024 \u003Cb> Vencimento \u003C\u002Fb> 08\u002F06\u002F2037 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 2,5 \u003Cb> Oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating JPP \u003C\u002Fb> A2\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_18_Picture_28.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Pulverizado Ourinvest (19E0966783) Série Sênior \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>SP, RN, RJ e outros Garantias\u003C\u002Fp>\u003Cp>Híbrido\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>192 unidades (residencial, \u003Ci> home equity, c \u003C\u002Fi> omercial, loteamento)\u003C\u002Fp>\u003Cp>Direitos creditórios de carteira de contratos c\u002Fv de imóveis\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Pulverizado \u003Cb> Indexador \u003C\u002Fb> IGPM \u003Cb> Emissão \u003C\u002Fb> 22\u002F05\u002F2019 \u003Cb> Vencimento \u003C\u002Fb> 22\u002F09\u002F2033 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 40,1 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa2\u003C\u002Fp>\u003Cp>AF dos imóveis\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>15% de subordinação\u003C\u002Fp>\u003Cp>Coobrigação em 38% da carteira até enquadramento aos critérios de elegibilidade\u003C\u002Fp>\u003Cp>Fundo de despesas de R$50k\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_18_Picture_42.jpeg\">\u003C\u002Fp>\u003Ch3>\u003Cb> CRI Pulverizado Ourinvest (19E0966784) Série Mezanino \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>SP, RN, RJ e outros Garantias\u003C\u002Fp>\u003Cp>Híbrido\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>192 unidades (residencial, \u003Ci> home equity, c \u003C\u002Fi> omercial, loteamento)\u003C\u002Fp>\u003Cp>Direitos creditórios de carteira de contratos c\u002Fv de imóveis\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>AF dos imóveis\u003C\u002Fp>\u003Cp>Coobrigação em 38% da carteira até enquadramento aos critérios de elegibilidade\u003C\u002Fp>\u003Cp>Fundo de despesas de R$50k\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Pulverizado \u003Cb> Indexador \u003C\u002Fb> IGPM \u003Cb> Emissão \u003C\u002Fb> 22\u002F05\u002F2019 \u003Cb> Vencimento \u003C\u002Fb> 22\u002F09\u002F2033 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 2,4 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa2\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_19_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_19_Picture_2.jpeg\">\u003C\u002Fp>\u003Ch3>\u003Cb> CRI Carvalho Hosken (19K1124486) \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>Rio de Janeiro\u002FRJ\u003C\u002Fp>\u003Cp>Terrenos\u003C\u002Fp>\u003Cp>Residencial\u003C\u002Fp>\u003Cp>CCB emitida pela Carvalho Hosken\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>AF de terrenos\u003C\u002Fp>\u003Cp>AF de estoque pronto (a ser constituída)\u003C\u002Fp>\u003Cp>CF de direitos creditórios (locação e\u002Fou carteira própria)\u003C\u002Fp>\u003Cp>Aval do acionista controlador\u003C\u002Fp>\u003Cp>Fundo de liquidez\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Carvalho Hosken\u003C\u002Fp>\u003Cp>\u003Cb> Indexador \u003C\u002Fb> CDI \u003Cb> Emissão \u003C\u002Fb> 28\u002F11\u002F2019 \u003Cb> Vencimento \u003C\u002Fb> 15\u002F12\u002F2026 \u003Cb> Amortização \u003C\u002Fb> Trimestral \u003Cb> Volume (R$ MM) \u003C\u002Fb> 140,0\u003C\u002Fp>\u003Cp>\u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa3\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_19_Picture_15.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Estácio (19K1139670) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Comercial\u003C\u002Fp>\u003Cp>de Juazeiro\u003C\u002Fp>\u003Cp>Contrato atípico de locação\u003C\u002Fp>\u003Cp>Faculdade Estácio de Medicina\u003C\u002Fp>\u003Cp>Juazeiro\u002FBA Garantias\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>AF do imóvel\u003C\u002Fp>\u003Cp>CF dos recebíveis do contrato de aluguel\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Coobrigação do cedente\u003C\u002Fp>\u003Cp>Aval de Estácio Part S.A e IREP – Soc de Ens Sup, Méd e Fund Ltda\u003C\u002Fp>\u003Cp>Fundo de liquidez de 1 PMT\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Estácio \u003Cb> Indexador \u003C\u002Fb> IGPM \u003Cb> Emissão \u003C\u002Fb> 12\u002F11\u002F2019 \u003Cb> Vencimento \u003C\u002Fb> 15\u002F10\u002F2027 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 12,1 \u003Cb> Oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating JPP: \u003C\u002Fb> A3\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_19_Picture_28.jpeg\">\u003C\u002Fp>\u003Ch3>\u003Cb> CRI Socicam Brás (20I0135149) \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>São Paulo\u002FSP\u003C\u002Fp>\u003Cp>Comercial\u003C\u002Fp>\u003Cp>Estação do Brás\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>CF de direitos creditórios dos contratos de locação\u003C\u002Fp>\u003Cp>Aval dos acionistas\u003C\u002Fp>\u003Cp>Contratos de locação de espaços comerciais na estação Brás\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Socicam \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 04\u002F09\u002F2020 \u003Cb> Vencimento \u003C\u002Fb> 11\u002F09\u002F2035 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 45,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> A3\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_19_Picture_37.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Dínamo (20K0549411) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003C\u002Fp>\u003Cp>Comercial\u003C\u002Fp>\u003Cp>Galpão Logístico\u003C\u002Fp>\u003Cp>Contrato de locação\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Dínamo \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 05\u002F11\u002F2020 \u003Cb> Vencimento \u003C\u002Fb> 27\u002F11\u002F2028 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 35,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> A3\u003C\u002Fp>\u003Cp>Santos\u002FSP Garantias\u003C\u002Fp>\u003Cp>AF de imóveis em Santos\u002FSP e Machado\u002FMG\u003C\u002Fp>\u003Cp>CF de contratos de aluguel e prestação de serviços\u003C\u002Fp>\u003Cp>Aval dos acionistas da holding GDPar\u003C\u002Fp>\u003Cp>Fundo de liquidez equivalente a 2 PMTs\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_20_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_20_Picture_3.jpeg\">\u003C\u002Fp>\u003Cp>Guarapuava\u002FPR\u003C\u002Fp>\u003Cp>Comercial\u003C\u002Fp>\u003Cp>Obras Futuras\u003C\u002Fp>\u003Cp>Nota Comercial\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Dal Pozzo \u003Cb> Indexador \u003C\u002Fb> CDI\u003C\u002Fp>\u003Cp>\u003Cb> Amortização Volume (R$ MM) \u003C\u002Fb> 80,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa1\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>AF Imóvel\u003C\u002Fp>\u003Cp>Aval dos acionistas\u003C\u002Fp>\u003Cp>\u003Cb> Emissão \u003C\u002Fb> Novembro\u002F2024 \u003Cb> Vencimento \u003C\u002Fb> Março\u002F2031 Juros mensal desde o início e um ano de carência de principal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_20_Picture_14.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Dal Pozzo (21H1031711) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Guarapuava\u002FPR\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>Comercial\u003C\u002Fp>\u003Cp>AF de imóveis Aval dos acionistas\u003C\u002Fp>\u003Cp>Terrenos e loja\u003C\u002Fp>\u003Cp>Fundo de liquidez\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>CCB imobiliária emitida pela Dal Pozzo\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Dal Pozzo \u003Cb> Indexador \u003C\u002Fb> CDI \u003Cb> Emissão \u003C\u002Fb> 23\u002F08\u002F2021 \u003Cb> Vencimento \u003C\u002Fb> 09\u002F08\u002F2029 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 31,4 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa2\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_20_Picture_25.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI ABV (21K0058017) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Dourados\u002FMS\u003C\u002Fp>\u003Cp>BTS\u002FAluguel\u003C\u002Fp>\u003Cp>Supermercados Abevê\u003C\u002Fp>\u003Cp>Contratos de locação de imóveis e recebíveis de cartões de crédito\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> ABV \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 30\u002F11\u002F2021 \u003Cb> Vencimento \u003C\u002Fb> 17\u002F10\u002F2026 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 85,8 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa1\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>AF de imóveis\u003C\u002Fp>\u003Cp>Cessão fiduciária de recebíveis de cartões de crédito\u003C\u002Fp>\u003Cp>Fiança dos acionistas\u003C\u002Fp>\u003Cp>Fundo de reserva\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_20_Picture_38.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI OAD (25K3757811) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003C\u002Fp>\u003Cp>Florianópolis (SC)\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Empreendimento Makai Campeche\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Nota Comercial\u003C\u002Fp>\u003Cp>Alienação Fiduciária das cotas da SPE;\u003C\u002Fp>\u003Cp>Cessão fiduciária dos recebíveis\u003C\u002Fp>\u003Cp>Alienação Fiduciária do estoque;\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>atuais e futuros;\u003C\u002Fp>\u003Cp>Aval da OAD Incorporadora e dos sócios pessoas físicas\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Grupo OAD \u003Cb> Indexador \u003C\u002Fb> CDI\u003C\u002Fp>\u003Cp>\u003Cb> Emissão \u003C\u002Fb> 09\u002F12\u002F2025 \u003Cb> Vencimento \u003C\u002Fb> 24\u002F08\u002F2029\u003C\u002Fp>\u003Cp>\u003Cb> Amortização \u003C\u002Fb> Bullet \u003Cb> Volume (R$ MM) \u003C\u002Fb> 4,8 \u003Cb> Oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating JPP: \u003C\u002Fb> Baa1\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_21_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_21_Picture_2.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Arquiplan (22C1024589) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>São Paulo (SP)\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>AF de imóvel\u003C\u002Fp>\u003Cp>Cessão fiduciária de recebíveis\u003C\u002Fp>\u003Cp>Edifício residencial Go Barra\u003C\u002Fp>\u003Cp>Seguro de obras e Seguro garantia\u003C\u002Fp>\u003Cp>Aval\u003C\u002Fp>\u003Cp>CCB emitida pela Arquiplan\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Funda\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Arquiplan \u003Cb> Indexador \u003C\u002Fb> CDI \u003Cb> Emissão \u003C\u002Fb> 14\u002F03\u002F2022 \u003Cb> Vencimento \u003C\u002Fb> 16\u002F03\u002F2027\u003C\u002Fp>\u003Cp>\u003Cb> Amortização \u003C\u002Fb> Mensal, a partir de out\u002F24\u003C\u002Fp>\u003Cp>\u003Cb> Volume (R$ MM) \u003C\u002Fb> 30,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa1\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_21_Picture_15.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Koch (22H1517101) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Joinville (SC)\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>BTS\u002FAluguel\u003C\u002Fp>\u003Cp>AF de imóvel\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Cessão do fluxo de alugueis\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Unidade do hipermercado Koch\u003C\u002Fp>\u003Cp>Fundo de reserva\u003C\u002Fp>\u003Cp>Fiança\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Contrato de locação\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Koch\u002FHacasa \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 31\u002F08\u002F2022 \u003Cb> Vencimento \u003C\u002Fb> 29\u002F07\u002F2043\u003C\u002Fp>\u003Cp>\u003Cb> Amortização \u003C\u002Fb> No final, com full cash sweep\u003C\u002Fp>\u003Cp>\u003Cb> Volume (R$ MM) \u003C\u002Fb> 10,8 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> A1\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_21_Picture_32.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Dal Pozzo (22E0591830) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>AF de imóvel\u003C\u002Fp>\u003Cp>Fundo de reserva\u003C\u002Fp>\u003Cp>Aval\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Terreno\u003C\u002Fp>\u003Cp>Contrato de locação\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Guarapuava (PR)\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Dal Pozzo \u003Cb> Indexador \u003C\u002Fb> CDI \u003Cb> Emissão \u003C\u002Fb> 15\u002F02\u002F2022 \u003Cb> Vencimento \u003C\u002Fb> 17\u002F05\u002F2032\u003C\u002Fp>\u003Cp>\u003Cb> Amortização \u003C\u002Fb> Mensal, a partir de dez\u002F23\u003C\u002Fp>\u003Cp>\u003Cb> Volume (R$ MM) \u003C\u002Fb> 10,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa1\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_21_Picture_45.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cb> CRI Celeste (24B1861489) \u003C\u002Fb>\u003C\u002Fp>\u003Cp>Brasnorte (MT)\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Aluguel\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_21_Picture_50.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_21_Picture_51.jpeg\">\u003C\u002Fp>\u003Cp>AF de fazenda – 200% CF de recebíveis; Fundo de juros; Aval dos sócios.\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Celeste \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 08\u002F03\u002F2024 \u003Cb> Vencimento \u003C\u002Fb> 18\u002F02\u002F2037 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 78,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 160 \u003Cb> Rating JPP \u003C\u002Fb> A2\u003C\u002Fp>\u003Cp>AF de 100% cotas SPE;\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_22_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_22_Picture_2.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cb> CRI Lote 5 IV (24B1573243) \u003C\u002Fb>\u003C\u002Fp>\u003Cp>Cotia, Bauru, Pindamonhangaba e Jaguariúna (SP)\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Loteamentos desenvolvidos pela Lote 5\u003C\u002Fp>\u003Cp>Debênture emitida pela Lote 5\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Lote 5 \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 22\u002F02\u002F2024 \u003Cb> Vencimento \u003C\u002Fb> 22\u002F07\u002F2037 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 95,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 160 \u003Cb> Rating JPP \u003C\u002Fb> Baa3\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>AF de estoque e de 100% cotas das SPEs\u003C\u002Fp>\u003Cp>CF de recebíveis\u003C\u002Fp>\u003Cp>Fiança solidária das empresas do grupo\u003C\u002Fp>\u003Cp>Aval dos acionistas da Lote 5\u003C\u002Fp>\u003Cp>Fundo de reserva\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_22_Picture_15.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Laken (25J0481051) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Gramado (RS)\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Corporativo\u002FLoteamento\u003C\u002Fp>\u003Cp>Imóveis Residenciais\u003C\u002Fp>\u003Cp>Nota Comercial\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>Alienação fiduciária de estoques na razão de 180% (a valor de mercado);\u003C\u002Fp>\u003Cp>Fundo de reserva de 3 PMTs;\u003C\u002Fp>\u003Cp>Fundo de reserva adicional de 1,5 PMT dos recebíveis de cartão de crédito do Hard\u003C\u002Fp>\u003Cp>Rock Gramado;\u003C\u002Fp>\u003Cp>Garantias AF de imóvel e cotas de SPE\u003C\u002Fp>\u003Cp>CF de recebíveis Fundo de reserva\u003C\u002Fp>\u003Cp>Aval\u003C\u002Fp>\u003Cp>e Aval dos sócios Pessoa Física.\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> GRM Empreendimentos\u003C\u002Fp>\u003Cp>\u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 09\u002F10\u002F2025\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 24\u002F09\u002F2035 \u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 8,0\u003C\u002Fp>\u003Cp>\u003Cb> Oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating JPP: \u003C\u002Fb> A3\u003C\u002Fp>\u003Cp>\u003Cb> IBEN III (24L2316848) \u003C\u002Fb>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_22_Picture_34.jpeg\">\u003C\u002Fp>\u003Cp>São josé Rio Preto - SP\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Capital de Giro\u003C\u002Fp>\u003Cp>Debêntures Imobiliárias\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> IBEN \u003Cb> Indexador \u003C\u002Fb> CDI \u003Cb> Emissão \u003C\u002Fb> Dezembro\u002F2024 \u003Cb> Vencimento \u003C\u002Fb> Dezembro\u002F2030 \u003Cb> Amortização \u003C\u002Fb> Juros mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 6,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 160 \u003Cb> Rating JPP: \u003C\u002Fb> A3\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>AF de imóvel – Razão de 120%; CF de contratos de Prestação de Serviço – Razão de 130% sobre o Volume Total e sobre a PMT mensal; Fundo de liquidez – equivalente a 3 PMTs; Fundo de despesas;\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Aval dos sócios.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_22_Picture_43.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI OAD (23A1510278) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Florianópolis (SC)\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Empreendimento Makai Campeche\u003C\u002Fp>\u003Cp>Nota Comercial\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Grupo OAD \u003Cb> Indexador \u003C\u002Fb> IPCA\u003C\u002Fp>\u003Cp>\u003Cb> Emissão \u003C\u002Fb> 10\u002F02\u002F2023 \u003Cb> Vencimento \u003C\u002Fb> 25\u002F01\u002F2028\u003C\u002Fp>\u003Cp>\u003Cb> Amortização \u003C\u002Fb> No final, c\u002F cash sweep\u003C\u002Fp>\u003Cp>\u003Cb> Volume (R$ MM) \u003C\u002Fb> 53,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa1\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_23_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_23_Picture_2.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI MASOTTI (25A3835544) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Monte Mor (SP)\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Término de Obras\u003C\u002Fp>\u003Cp>CCB Imobiliária ou Nota Comercial\u003C\u002Fp>\u003Cp>ROED HOLDING ADMINISTRAÇÃO E\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> PARTICIPAÇÕES S.A \u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 25\u002F02\u002F2025\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 29\u002F06\u002F2033\u003C\u002Fp>\u003Cp>\u003Cb> Amortização \u003C\u002Fb> Juros mensal desde o início e principal bullet com full\u003C\u002Fp>\u003Cp>cash sweep\u003C\u002Fp>\u003Cp>\u003Cb> Volume (R$ \u003C\u002Fb>\u003C\u002Fp>\u003Cp>\u003Cb> MM) \u003C\u002Fb> 2,2 \u003Cb> Oferta \u003C\u002Fb> ICVM 160 \u003Cb> Rating JPP \u003C\u002Fb> A2\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>(i) AF estoque; (ii) CF carteira presente e futura; (iii) AF Quotas SPE; (iv)Fundo de Despesas\u002FFundo de Reserva (3 PMT`s); (v) Aval dos sócios.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_23_Picture_18.jpeg\">\u003C\u002Fp>\u003Ch3>\u003Cb> CRI GPCI (20E0896474) \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>São José do Rio Preto\u002FSP\u003C\u002Fp>\u003Cp>Residencial\u003C\u002Fp>\u003Cp>Loteamento Ary Attab III\u003C\u002Fp>\u003Cp>CCB emitida pela Santa Cruz Incorporação e Loteamento SPE\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> GPCI \u003Cb> Indexador \u003C\u002Fb> IGPM\u003C\u002Fp>\u003Cp>Ltda.\u003C\u002Fp>\u003Cp>\u003Cb> Volume (R$ MM) \u003C\u002Fb> 11,0 \u003Cb> Oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>AF de imóveis e de cotas da GPCI\u003C\u002Fp>\u003Cp>CF de recebíveis da comercialização de lotes\u003C\u002Fp>\u003Cp>Aval dos acionistas\u003C\u002Fp>\u003Cp>Fundo de obras\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>Alienação Fiduciária de um sítio: R$ 12.000.000 de Venda Forçada e R$ 17.200.000 de Valor Mercado; Carteira: mínimo de 120% de razão; Fundo de Reserva de 2PMTs; Aval dos sócios Pessoas Físicas.\u003C\u002Fp>\u003Cp>Fundo de reserva\u003C\u002Fp>\u003Cp>\u003Cb> Emissão \u003C\u002Fb> 15\u002F05\u002F2020 \u003Cb> Vencimento \u003C\u002Fb> 25\u002F05\u002F2027 \u003Cb> Amortização \u003C\u002Fb> Mensal\u003C\u002Fp>\u003Cp>\u003Cb> Rating JPP: \u003C\u002Fb> A3\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_23_Picture_35.jpeg\">\u003C\u002Fp>\u003Ch3>\u003Cb> CRI TERROÁ (25H3262782) \u003C\u002Fb>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Alongamento de dívida e término da obra\u003C\u002Fp>\u003Cp>Nota Comercial \u002F CCB com destinação de recursos para execução de obras futuras\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>(i) Alienação Fiduciaria de Cotas da SPE Nova Italia (ii) Cessão Fiduciária dos Recebíveis – Razão Mínima de 120%. (iii) Alienação Fiduciária de unidades em estoque (iv) Razão Mínima de 150%. (v) Fundo de liquidez – 2 PMT's (vi) Aval dos Sócios (Serra & Santoro)\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> TERROÁ EMPREENDIMENTOS\u003C\u002Fp>\u003Cp>\u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 04\u002F09\u002F2025 \u003Cb> Vencimento \u003C\u002Fb> 19\u002F08\u002F2033\u003C\u002Fp>\u003Cp>\u003Cb> Amortização \u003C\u002Fb> Mensal | Após carência de 6 meses\u003C\u002Fp>\u003Cp>\u003Cb> Volume (R$ MM) \u003C\u002Fb> 0,50 \u003Cb> Oferta \u003C\u002Fb> ICVM 160 \u003Cb> Rating JPP \u003C\u002Fb> Baa1\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_23_Picture_47.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI MAGO (26C0435984) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Santa Catarina (SC)\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>Término de obras\u003C\u002Fp>\u003Cp>Nota Comercial\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> Mago Empreendimentos Ltda.\u003C\u002Fp>\u003Cp>\u003Cb> Indexador \u003C\u002Fb> IPCA \u003Cb> Emissão \u003C\u002Fb> 26\u002F03\u002F2026 \u003Cb> Vencimento \u003C\u002Fb> 20\u002F03\u002F2031 \u003Cb> Amortização \u003C\u002Fb> Mensal, c\u002F cash sweep \u003Cb> Volume (R$ MM) \u003C\u002Fb> 18,0\u003C\u002Fp>\u003Cp>\u003Cb> Oferta \u003C\u002Fb> ICVM 476 \u003Cb> Rating JPP: \u003C\u002Fb> Baa1\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_24_Picture_1.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_24_Picture_2.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI GPCI (26F3491396) \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>São Paulo (SP)\u003C\u002Fp>\u003Cp>Garantias\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Empreendimento pela GPCI\u003C\u002Fp>\u003Cp>Cessão Fudiciária\u003C\u002Fp>\u003Cp>Cessão fiduciária residual dos recebíveis Ari Attaby; Cessão fiduciária dos recebíveis atuais e futuros – Porteira de Ferro; AF das cotas SPE – Porteira de Ferro; Cessão dos dividendos: Harmonia e Artemis; AF de imóveis (140%) Fundo de Reserva de 2 PMT's e Aval dos sócios.\u003C\u002Fp>\u003Cp>\u003Cb> Risco \u003C\u002Fb> GPCI Empreendimentos LTDA\u003C\u002Fp>\u003Cp>\u003Cb> Indexador \u003C\u002Fb> CDI\u003C\u002Fp>\u003Cp>\u003Cb> Emissão \u003C\u002Fb> 30\u002F06\u002F2026 \u003Cb> Vencimento \u003C\u002Fb> 11\u002F06\u002F2031\u003C\u002Fp>\u003Cp>\u003Cb> Amortização \u003C\u002Fb> Mensal \u003Cb> Volume (R$ MM) \u003C\u002Fb> 1,55 \u003Cb> Oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating JPP: \u003C\u002Fb> A3\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_25_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_25_Picture_3.jpeg\">\u003C\u002Fp>\u003Cp>Esta análise foi elaborada pela JPP Capital e pela Ourinvest Asset, não podendo ser reproduzida ou distribuída a qualquer pessoa ou instituição sem a expressa autorização da JPP Capital. As informações contidas neste material são consideradas confiáveis na data em que foram apresentadas. Entretanto, não representam por parte da JPP Capital garantia de exatidão das informações prestadas ou julgadas sobre sua qualidade. As opiniões contidas nesta análise são baseadas em julgamento e estimativas e estão, portanto, sujeitas a mudanças.\u003C\u002Fp>\u003Cp>As informações contidas neste relatório têm caráter meramente informativo e não constituem qualquer tipo de aconselhamento de investimento ou oferta para aquisição de valores mobiliários. Os investimentos em fundo de investimentos e demais valores mobiliários apresentam riscos para o investidor e não contam com garantia da instituição administradora, da gestora, de qualquer mecanismo de seguro ou do Fundo Garantidor de Créditos (FGC). A rentabilidade obtida no passado não representa garantia de rentabilidade futura. A rentabilidade divulgada não é líquida de impostos. É recomendada a leitura cuidadosa do formulário de informações complementares, a lâmina de informações essenciais, se houver, e o regulamento dos fundos pelo investidor antes de tomar qualquer decisão de investimento. Os documentos citados estão disponíveis no site da Comissão de Valores Mobiliários (CVM) – www.cvm.gov.br. Para demais informações, por favor, ligue para 11 3509-6500\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22127\u002F_page_25_Picture_6.jpeg\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FJPPA11\u002Fdocumentos\u002F22127\u002Fpdf","2026-10-23 20:17:00"]