[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:PSEC11:9494":3,"seo:\u002Fdetalhes\u002FPSEC11\u002Fdocumentos\u002F9494":16,"fii-documento:PSEC11":96},{"id":4,"descricao":5,"assunto":6,"tipo":7,"situacao":8,"texto":9,"link_pdf":10,"estruturado":11,"link_original":12,"data_referencia":13,"data_entrega":14,"versao":15},9494,"(PSEC) Relatório Gerencial - 31\u002F01\u002F2026","Relatório Gerencial","Relatórios","(Ativo)","\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ch3>Relatório Gerencial PSEC11 Patria Securities FII\u003C\u002Fh3>\u003Ch3>Informações Gerais PSEC11\u003C\u002Fh3>\u003Ch3>Objetivo do Fundo\u003C\u002Fh3>\u003Cp>O Fundo tem como objetivo aplicar, primordialmente, em cotas de outros fundos de investimento imobiliário e complementarmente, em: (i) ações ou cotas de sociedades, (ii) cotas de fundos de investimento em participações ou de fundos de investimento em ações (iii) certificados de recebíveis imobiliários e cotas de fundos de investimento em direitos creditórios; (iv) letras hipotecárias, (v) letras de crédito imobiliário e (vi) letras imobiliárias garantidas, desde que todos estes fundos e veículos de investimento tenham como propósito único atividades permitidas aos fundos imobiliários.\u003C\u002Fp>\u003Ch3>Para mais informações, clique aqui e acesse o Regulamento do Fundo\u003C\u002Fh3>\u003Ch3>1Início das Atividades\u003C\u002Fh3>\u003Cp>Fevereiro 2020\u003C\u002Fp>\u003Cp>Código de Negociação\u003C\u002Fp>\u003Cp>PSEC11\u003C\u002Fp>\u003Cp>CNPJ\u003C\u002Fp>\u003Cp>35.507.457\u002F0001-71\u003C\u002Fp>\u003Cp>Cotas Emitidas\u003C\u002Fp>\u003Cp>18.399.378\u003C\u002Fp>\u003Cp>Prazo\u003C\u002Fp>\u003Cp>Indeterminado\u003C\u002Fp>\u003Cp>Tipo Anbima\u003C\u002Fp>\u003Cp>Papel Fundos Gestão Ativa\u003C\u002Fp>\u003Ch3>Gestor*\u003C\u002Fh3>\u003Ch3>Pátria - VBI Securities Ltda.\u003C\u002Fh3>\u003Ch3>Administrador e Escriturador *\u003C\u002Fh3>\u003Cp>BRL Trust Distribuidora de Títulos e Valores Mobiliários S.A.\u003C\u002Fp>\u003Ch3>Taxa de Administração Total*\u003C\u002Fh3>\u003Cp>0,925% a.a. sobre o Valor de Mercado\u003Csup>1,2\u003C\u002Fsup> do Fundo, sendo 0,80% repassado ao Gestor\u003C\u002Fp>\u003Ch3>Taxa de Performance*\u003C\u002Fh3>\u003Cp>20% dos rendimentos que superarem a variação positiva do IFIX\u003C\u002Fp>\u003Ch3>Público Alvo\u003C\u002Fh3>\u003Cp>Investidores em geral\u003C\u002Fp>\u003Cp>\u003Cstrong>Cadastre - se no mailing\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Resumo do Cenário de FIIs\u003C\u002Fh3>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ch3>Performance Setorial do IFIX *\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Valor de\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Nº de\u003C\u002Ftd>\u003Ctd>Mercado\u003C\u002Ftd>\u003Ctd>P\u002FVP*\u003C\u002Ftd>\u003Ctd>Variação\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Fundos\u003C\u002Ftd>\u003Ctd>(R$ MM)*\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Mês\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>113\u003C\u002Ftd>\u003Ctd>152.710\u003C\u002Ftd>\u003Ctd>0,91\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Office\u003C\u002Ftd>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>11.815\u003C\u002Ftd>\u003Ctd>0,71\u003C\u002Ftd>\u003Ctd>3,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Logística\u003C\u002Ftd>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>29.711\u003C\u002Ftd>\u003Ctd>0,94\u003C\u002Ftd>\u003Ctd>0,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Shopping\u003C\u002Ftd>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>19.033\u003C\u002Ftd>\u003Ctd>0,90\u003C\u002Ftd>\u003Ctd>2,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - CRIs\u003C\u002Ftd>\u003Ctd>42\u003C\u002Ftd>\u003Ctd>60.547\u003C\u002Ftd>\u003Ctd>0,93\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - FOFs\u003C\u002Ftd>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>7.351\u003C\u002Ftd>\u003Ctd>0,90\u003C\u002Ftd>\u003Ctd>5,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Renda Urbana\u003C\u002Ftd>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>8.974\u003C\u002Ftd>\u003Ctd>0,96\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Outros\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>15.280\u003C\u002Ftd>\u003Ctd>0,91\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Performance Setorial Ponderada do IFIX *\u003C\u002Fh3>\u003Ch3>PANORAMA DE JANEIRO\u002F26:\u003C\u002Fh3>\u003Cp>Dando continuidade ao otimismo observado no final de 2025, o mercado de Fundos Imobiliários iniciou 2026 com robustez, registrando o sexto mês consecutivo de alta. O IFIX encerrou janeiro com valorização de +2,3%, renovando sua máxima histórica. O movimento reflete a percepção de que o aperto monetário cumpriu seu papel, permitindo que o mercado antecipe o início do ciclo de cortes da Selic, já precificado para tão cedo quanto março ou o segundo trimestre.\u003C\u002Fp>\u003Cp>O desempenho do mês foi sustentado por um alinhamento favorável entre os cenários doméstico e internacional. No front interno, o IPCA de dezembro trouxe o alívio aguardado: a inflação encerrou 2025 em 4,26%, dentro da meta. Embora a inflação de serviços (5,95%) ainda demande cautela e o mercado de trabalho siga aquecido, a desinflação valida a mudança de postura do Banco Central. Paralelamente, os dados de atividade indicaram que a economia vem perdendo tração em resposta aos juros de 15% a.a., reforçando a necessidade de afrouxamento monetário.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_2_chart_8.jpg\">\u003C\u002Fp>\u003Cp>Externamente, o mês foi marcado pela retomada do apetite ao risco global. O afrouxamento monetário nos Estados Unidos e o enfraquecimento do dólar redirecionaram capital estrangeiro para mercados emergentes, beneficiando o Brasil. Esse movimento contribuiu para o fechamento da curva de juros futura e para a valorização do Real, mesmo diante de tensões geopolíticas como a operação militar dos EUA na Venezuela.\u003C\u002Fp>\u003Cp>Setorialmente, observamos uma dinâmica de “caça aos descontos”. Fundos de Papel avançaram +2,5%, mantendo a atratividade do carrego, com destaque para FOFs e Multiestratégia. Esses segmentos, que começaram o ano com descontos patrimoniais elevados, foram os mais sensíveis ao fechamento da curva de juros e lideraram semanas de alta. Já os Fundos de Tijolo subiram de forma mais tímida (+1,6%), com dispersão entre Lajes, Shoppings e o segmento Logístico, que ficou atrás devido a spreads comprimidos.\u003C\u002Fp>\u003Cp>Em suma, janeiro confirmou que a janela de oportunidade nos FIIs permanece aberta. A combinação de inflação controlada, câmbio favorável e iminência do corte de juros sustenta uma visão construtiva para a classe, especialmente nos ativos ainda negociados com desconto patrimonial, embora 2026 possa apresentar volatilidade em meio ao calendário eleitoral e à dinâmica fiscal.\u003C\u002Fp>\u003Ch3>Resumo PSEC11\u003C\u002Fh3>\u003Cp>\u003Cstrong>Patrimônio Líquid o* R$ 1.400,2 milhões R$ 76,10\u002Fcota\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Valor de Mercado\u003C\u002Fstrong> * \u003Cstrong>R$ 1.180,7 milhões R$ 64,17\u002Fcota\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>0,84x P\u002FVP¹\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>FII (% do Ativo)\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>CRI (% do Ativo)\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_3_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>15,4%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>95,5% Em ativos alvo\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Volume Médio Diário Negociado no Mês\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 2,5 milhões\u003C\u002Fp>\u003Cp>R$ 0,65\u003C\u002Fp>\u003Cp>R$ 0,16\u002Fcota\u003C\u002Fp>\u003Cp>82.421\u003C\u002Fp>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ch3>COMENTÁRIO DA GESTÃO\u003C\u002Fh3>\u003Cp>No primeiro mês de 2026 nosso portfólio apresentou \u003Cstrong>retorno patrimonial de +1,5% vs. +2,3% do IFIX, enquanto as cotas no secundário variaram positivamente em +0,4%.\u003C\u002Fstrong> Em nossa leitura, a performance patrimonial abaixo do benchmark se explica parcialmente pelo fato de 43% de nossa carteira estar alocada em ativos de menor liquidez (CRI + FIIs Private Placement) que não tem sua precificação atrelada à marcação a mercado de bolsa, a exemplo do nosso portfólio de FIIs líquidos (52% do PL). \u003Cstrong>Assim, considerando apenas a porção liquida de nossa carteira, o retorno teria sido de aproximadamente +2,8%, superando assim o IFIX\u003C\u002Fstrong>. Neste sentido, importante relembrar que estes ativos de menor liquidez tem como objetivo entregar resultado acima do mercado em recortes temporais mais amplos, o que pode ser mensurado, por exemplo, pela nossa performance acumulada desde o início do fundo em fevereiro de 2020. Neste período, o retorno acumulado do PSEC é de +36,9% vs. 26,2% do IFIX (pág. 7), ou seja, o retorno acumulado é de 140% do benchmark.\u003C\u002Fp>\u003Cp>Com base no resultado do último mês foram \u003Cstrong>anunciados R$ 0,65\u002Fcota em rendimentos\u003C\u002Fstrong>, mantendo o mesmo valor distribuído em dezembro, encerrando o mês com R$ 0,11\u002Fcota em reserva de lucros, além de R$ 0,33\u002Fcota como ganho de capital não-realizado em cotas de FIIs.\u003C\u002Fp>\u003Cp>Acerca das principais movimentações de janeiro, seguimos avançando no processo de \u003Cstrong>simplificação e racionalização da carteira\u003C\u002Fstrong>, com a \u003Cstrong>venda de R$ 102 milhões (7% do PL) em cotas de FII.\u003C\u002Fstrong> Ao todo, em 4 meses pós-consolidação, vendemos R$ 318 milhões em cotas de FII (16% do PL), reduzindo as 118 posições em FIIs que detínhamos ao final de setembro com a consolidação de HGFF e BPFF para as 92 atuais.\u003C\u002Fp>\u003Ch3>PORTFOLIO:\u003C\u002Fh3>\u003Cp>Sobre as movimentações de portfólio, a \u003Cstrong>destinação da venda dos cerca de R$ 102 milhões vendidos\u003C\u002Fstrong> foi a aquisição de CRI, praticamente dobrando a participação desta estratégias na carteira (de 8,0% para 15,5%). Ao todo foram 11 CRI, sendo eles: Brookfield, Cabreuva, Carrefour, MRV IV, Colmeira, Conx, Creditas Senior, Creditas Mezanino, Edificatto, Embraed e Plano & Plano (deatlhes nas páginas 12 e 13). Com isso, nossa carteira de CRI passou para um carrego médio de IPCA+10,8% (43% do portfólio), CDI+2,8% (45% do portfólio) e 12% pré-fixada em 14% a.a.. Em linha com a estratégia de aumentar o peso do portfólio de CRI na carteira visando melhor carrego e otimização do fundo. Importante destacar ainda que todos estes CRI estão também presentes nos demais fundos de CRI do Patria.\u003C\u002Fp>\u003Ch3>PERSPECTIVAS:\u003C\u002Fh3>\u003Cp>O movimento de janeiro segue o pilar da nossa estratégia para o momento atual do fundo de i) \u003Cstrong>simplificar a carteira e reduzir a exposição à FIIs listados\u003C\u002Fstrong> que não sejam estratégicos da carteira e ii) \u003Cstrong>aumentar a alocação em CRI\u003C\u002Fstrong> para aumentar a renda recorrente do fundo visando dar tempo para maturação das teses de FIIs que tem bom potencial de ganho de capital, aumentando o potencial dos dividendos e reduzindo a volatilidade para o investidor, a exemplo do movimento realizado nos últimos meses.\u003C\u002Fp>\u003Ch3>Comentário da Gestão\u003C\u002Fh3>\u003Cp>Potencial de Upside\u003C\u002Fp>\u003Cp>Potencial de upside¹ 25,9 %\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_5_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Atribuição de Performance Acumulada\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_5_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Performance\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_6_chart_1.jpg\">\u003C\u002Fp>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ctable>\u003Ctr>\u003Ctd colspan=\"2\">Ativo\u003C\u002Ftd>\u003Ctd>Mês\u003C\u002Ftd>\u003Ctd>2026\u003C\u002Ftd>\u003Ctd>Desde o início (Acumulado)\u003C\u002Ftd>\u003Ctd>Desde o início (a.a.)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">PSEC111\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>21,9%\u003C\u002Ftd>\u003Ctd>3,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">PSEC11 Cota PL Ajustada²\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>36,9%\u003C\u002Ftd>\u003Ctd>5,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">CDI Bruto\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>74,1%\u003C\u002Ftd>\u003Ctd>9,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">IFIX\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003Ctd>26,2%\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>Distribuições (R$\u002FCota)\u003C\u002Fp>\u003Cp>Média 12M | R$ 0,70\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_6_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Dividend Yield *\u003C\u002Fp>\u003Cp>Dividend Yield anualizado (sobre a cota patrimonial) Dividend Yield anualizado (sobre a cota de fechamento)\u003C\u002Fp>\u003Cp>15,0% 14,0% 12,3% 12,7% 12,8% 13,3% 13,4% 13,1% 13,9% 12,4% 12,1% 12,2% \u003Cstrong>12,3% 12,0% 11,1% 11,1% 11,1% 11,3% 11,3% 11,4% 11,4% 10,5% 10,3% 10,2%\u003C\u002Fstrong> fev-25 mar-25 abr-25 mai-25 jun-25 jul-25 ago-25 set-25 out-25 nov-25 dez-25 jan-26\u003C\u002Fp>\u003Ch3>Resultado\u003C\u002Fh3>\u003Ch3>Demonstração de Resultado (R$)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>JAN-26\u003C\u002Fth>\u003Cth>R$\u002FCOTA\u003C\u002Fth>\u003Cth>ACUM. 2026\u003C\u002Fth>\u003Cth>ACUM. 12M\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Rendimentos com FII\u003C\u002Ftd>\u003Ctd>10.255.312\u003C\u002Ftd>\u003Ctd>0,56\u003C\u002Ftd>\u003Ctd>10.255.312\u003C\u002Ftd>\u003Ctd>94.295.185\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MTM FII\u003C\u002Ftd>\u003Ctd>19.268.504\u003C\u002Ftd>\u003Ctd>1,05\u003C\u002Ftd>\u003Ctd>19.268.504\u003C\u002Ftd>\u003Ctd>75.721.473\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Juros e Correção Monetária (CRI)\u003C\u002Ftd>\u003Ctd>1.909.264\u003C\u002Ftd>\u003Ctd>0,10\u003C\u002Ftd>\u003Ctd>1.909.264\u003C\u002Ftd>\u003Ctd>12.501.627\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MTM CRI\u003C\u002Ftd>\u003Ctd>991.543\u003C\u002Ftd>\u003Ctd>0,05\u003C\u002Ftd>\u003Ctd>991.543\u003C\u002Ftd>\u003Ctd>2.155.753\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Extraordinária¹\u003C\u002Ftd>\u003Ctd>1.800.881\u003C\u002Ftd>\u003Ctd>0,10\u003C\u002Ftd>\u003Ctd>1.800.881\u003C\u002Ftd>\u003Ctd>5.529.746\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas - Total\u003C\u002Ftd>\u003Ctd>34.225.503\u003C\u002Ftd>\u003Ctd>1,86\u003C\u002Ftd>\u003Ctd>34.225.503\u003C\u002Ftd>\u003Ctd>190.203.783\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas - Total\u003C\u002Ftd>\u003Ctd>(971.402)\u003C\u002Ftd>\u003Ctd>(0,05)\u003C\u002Ftd>\u003Ctd>(971.402)\u003C\u002Ftd>\u003Ctd>(7.921.414)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Operacional\u003C\u002Ftd>\u003Ctd>33.254.101\u003C\u002Ftd>\u003Ctd>1,81\u003C\u002Ftd>\u003Ctd>33.254.101\u003C\u002Ftd>\u003Ctd>182.282.369\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Financeiro Líquido\u003C\u002Ftd>\u003Ctd>910.528\u003C\u002Ftd>\u003Ctd>0,05\u003C\u002Ftd>\u003Ctd>910.528\u003C\u002Ftd>\u003Ctd>3.236.940\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ajuste para Distribuição - MTM\u003C\u002Ftd>\u003Ctd>(20.260.047)\u003C\u002Ftd>\u003Ctd>(1,10)\u003C\u002Ftd>\u003Ctd>(20.260.047)\u003C\u002Ftd>\u003Ctd>(77.877.225)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuível\u003C\u002Ftd>\u003Ctd>13.904.583\u003C\u002Ftd>\u003Ctd>0,76\u003C\u002Ftd>\u003Ctd>13.904.583\u003C\u002Ftd>\u003Ctd>107.642.084\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuído\u003C\u002Ftd>\u003Ctd>11.959.596\u003C\u002Ftd>\u003Ctd>0,65\u003C\u002Ftd>\u003Ctd>11.959.596\u003C\u002Ftd>\u003Ctd>106.304.019\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Para acessar a Planilha de Fundamentos do Fundo incluindo a DRE detalhada, clique aqui\u003C\u002Fp>\u003Cp>Resultado do Fundo* (R$\u002Fcota)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_7_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Movimentação da Reserva Acumulada (R$\u002Fcota)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_7_chart_8.jpg\">\u003C\u002Fp>\u003Ch3>Carteira de Ativos\u003C\u002Fh3>\u003Cp>Alocação por Ativo Imobiliário (% Ativo)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_8_chart_3.jpg\">\u003C\u002Fp>\u003Cp>Alocação em Ativos Alvo (% Ativo)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_8_chart_5.jpg\">\u003C\u002Fp>\u003Cp>Exposição por Setor (% Ativos Alvo)¹\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_8_chart_7.jpg\">\u003C\u002Fp>\u003Ch3>Carteira de Ativos | FIIs (80%)\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_9_chart_2.jpg\">\u003C\u002Fp>\u003Cp>Exposição por Gestor (% FII)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_9_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Alocação por Setor vs. IFIX (% FII)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_9_chart_6.jpg\">\u003C\u002Fp>\u003Ch3>Carteira de Ativos | CRI (15%)\u003C\u002Fh3>\u003Ch3>Distribuição por Indexador (% CRI)\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_10_chart_3.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Taxa Aquisição\u003C\u002Fth>\u003Cth>Taxa MTM\u003C\u002Fth>\u003Cth>Prazo Médio\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>a.a.\u003C\u002Ftd>\u003Ctd>a.a.\u003C\u002Ftd>\u003Ctd>(Anos)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10,8%\u003C\u002Ftd>\u003Ctd>10,7%\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2,8%\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Exposição por Setor (% CRI)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_10_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Distribuição por Vencimento (% CRI)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_10_chart_8.jpg\">\u003C\u002Fp>\u003Cp>Exposição por CRI (% CRI)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_10_chart_10.jpg\">\u003C\u002Fp>\u003Ch3>Detalhamento de CRI (1\u002F2)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Montante\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Taxa de\u003C\u002Fth>\u003Cth>Taxa de\u003C\u002Fth>\u003Cth>Taxa\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>#\u003C\u002Ftd>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>MTM (R$ mm)\u003C\u002Ftd>\u003Ctd>%\u002FPL\u003C\u002Ftd>\u003Ctd>Segmento\u003C\u002Ftd>\u003Ctd>Região\u003C\u002Ftd>\u003Ctd>Emissor\u003C\u002Ftd>\u003Ctd>Código B3\u003C\u002Ftd>\u003Ctd>Indexador\u003C\u002Ftd>\u003Ctd>Emissão (a.a.)\u003C\u002Ftd>\u003Ctd>Aquisição (a.a.)\u003C\u002Ftd>\u003Ctd>MTM (a.a.)\u003C\u002Ftd>\u003Ctd>Prazo Médio\u003C\u002Ftd>\u003Ctd>Vencimento\u003C\u002Ftd>\u003Ctd>Garantias\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>CRI WTC\u003C\u002Ftd>\u003Ctd>64,4\u003C\u002Ftd>\u003Ctd>4,6%\u003C\u002Ftd>\u003Ctd>Office\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>24J2347143\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003Ctd>1,3\u003C\u002Ftd>\u003Ctd>out-34\u003C\u002Ftd>\u003Ctd>AFI, AFS, FD, FR, CFR, CFRA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>CRI Carrefour\u003C\u002Ftd>\u003Ctd>25,1\u003C\u002Ftd>\u003Ctd>1,8%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SE\u003C\u002Ftd>\u003Ctd>Bari Sec\u003C\u002Ftd>\u003Ctd>25L2402882\u003C\u002Ftd>\u003Ctd>PRÉ\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>dez-28\u003C\u002Ftd>\u003Ctd>AFI, CFRA, FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>CRI Cabreúva\u003C\u002Ftd>\u003Ctd>15,0\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003Ctd>Logístico\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Vert\u003C\u002Ftd>\u003Ctd>21 D0698165\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003Ctd>9,2%\u003C\u002Ftd>\u003Ctd>9,2%\u003C\u002Ftd>\u003Ctd>4,6\u003C\u002Ftd>\u003Ctd>mar-36\u003C\u002Ftd>\u003Ctd>AFI, CF, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>CRI Colmeia Prime\u003C\u002Ftd>\u003Ctd>12,3\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>AM\u003C\u002Ftd>\u003Ctd>Canal\u003C\u002Ftd>\u003Ctd>23I2111365\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,0%\u003C\u002Ftd>\u003Ctd>13,0%\u003C\u002Ftd>\u003Ctd>11,4%\u003C\u002Ftd>\u003Ctd>1,4\u003C\u002Ftd>\u003Ctd>set-27\u003C\u002Ftd>\u003Ctd>AFI, AFS, AFA, CFDC, FD, FR, FO, FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>CRI Conx\u003C\u002Ftd>\u003Ctd>9,9\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>24D3160353\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003Ctd>abr-28\u003C\u002Ftd>\u003Ctd>AFI, CF, FR, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6\u003C\u002Ftd>\u003Ctd>CRI Embraed - Alaia\u003C\u002Ftd>\u003Ctd>9,9\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>25H2108710\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>jul-30\u003C\u002Ftd>\u003Ctd>AFS, CF, FR, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7\u003C\u002Ftd>\u003Ctd>CRI Melhoramentos\u003C\u002Ftd>\u003Ctd>8,5\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>Construção Cívil\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>True Sec.\u003C\u002Ftd>\u003Ctd>21 I0892057\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,1%\u003C\u002Ftd>\u003Ctd>8,1%\u003C\u002Ftd>\u003Ctd>14,2%\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003Ctd>out-31\u003C\u002Ftd>\u003Ctd>AFI, Coobrigação, CFRCV, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>CRI Colmeia Prime II\u003C\u002Ftd>\u003Ctd>8,2\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>AM\u003C\u002Ftd>\u003Ctd>Canal\u003C\u002Ftd>\u003Ctd>23I2111373\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,0%\u003C\u002Ftd>\u003Ctd>13,0%\u003C\u002Ftd>\u003Ctd>11,4%\u003C\u002Ftd>\u003Ctd>1,4\u003C\u002Ftd>\u003Ctd>set-27\u003C\u002Ftd>\u003Ctd>AFI, AFS, AFA, CFDC, FD, FR, FO, FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>CRI Primato\u003C\u002Ftd>\u003Ctd>8,2\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>PR\u003C\u002Ftd>\u003Ctd>Bari Sec\u003C\u002Ftd>\u003Ctd>22C0750182\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>abr-32\u003C\u002Ftd>\u003Ctd>AFI, CFRCV, FS, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>CRI Creditas II Sênior B 3\u003C\u002Ftd>\u003Ctd>6,0\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Diversos\u003C\u002Ftd>\u003Ctd>Vert\u003C\u002Ftd>\u003Ctd>24I1780101\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>9,2%\u003C\u002Ftd>\u003Ctd>9,2%\u003C\u002Ftd>\u003Ctd>8,9\u003C\u002Ftd>\u003Ctd>jan-46\u003C\u002Ftd>\u003Ctd>AFI\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>11\u003C\u002Ftd>\u003Ctd>CRI Plano e Plano\u003C\u002Ftd>\u003Ctd>5,3\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>25F2919599\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003Ctd>9,8%\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003Ctd>mar-30\u003C\u002Ftd>\u003Ctd>AFI, CF, FR, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>12\u003C\u002Ftd>\u003Ctd>CRI Carteira MRV IV (Série III)\u003C\u002Ftd>\u003Ctd>5,2\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Diversos\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>23F1508169\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,4%\u003C\u002Ftd>\u003Ctd>11,2%\u003C\u002Ftd>\u003Ctd>11,2%\u003C\u002Ftd>\u003Ctd>5,4\u003C\u002Ftd>\u003Ctd>ago-35\u003C\u002Ftd>\u003Ctd>AFI, CF, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>13\u003C\u002Ftd>\u003Ctd>CRI Athon\u003C\u002Ftd>\u003Ctd>4,8\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Energia\u003C\u002Ftd>\u003Ctd>RJ, MA\u003C\u002Ftd>\u003Ctd>True Sec.\u003C\u002Ftd>\u003Ctd>21G0864339\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,5%\u003C\u002Ftd>\u003Ctd>8,3%\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>ago-33\u003C\u002Ftd>\u003Ctd>AFE, AFS, FS, CFRCV, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>CRI Creditas II Sênior B 4\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Diversos\u003C\u002Ftd>\u003Ctd>Vert\u003C\u002Ftd>\u003Ctd>24J2922844\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>9,2%\u003C\u002Ftd>\u003Ctd>9,2%\u003C\u002Ftd>\u003Ctd>8,9\u003C\u002Ftd>\u003Ctd>fev-46\u003C\u002Ftd>\u003Ctd>AFI\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>15\u003C\u002Ftd>\u003Ctd>CRI Elleven Sub.\u003C\u002Ftd>\u003Ctd>3,8\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Energia\u003C\u002Ftd>\u003Ctd>GO\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>23L2510335\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,0%\u003C\u002Ftd>\u003Ctd>13,1%\u003C\u002Ftd>\u003Ctd>15,1%\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003Ctd>dez-38\u003C\u002Ftd>\u003Ctd>DRS, AFE, AFS, AVS, CFRCA, FR, FO, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>16\u003C\u002Ftd>\u003Ctd>CRI Manhattan II\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>CE, PI\u003C\u002Ftd>\u003Ctd>Habita Sec.\u003C\u002Ftd>\u003Ctd>20L0870667\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,0%\u003C\u002Ftd>\u003Ctd>19,5%\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003Ctd>0,3\u003C\u002Ftd>\u003Ctd>ago-26\u003C\u002Ftd>\u003Ctd>AFI, CFRCV, Hipoteca, Fiança, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>17\u003C\u002Ftd>\u003Ctd>CRI Medabil Sênior\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Logístico\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>22A0414381\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,4%\u003C\u002Ftd>\u003Ctd>11,6%\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003Ctd>jan-37\u003C\u002Ftd>\u003Ctd>AFI, CFRCV, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>*Termos e definições no glossário (clique aqui).\u003C\u002Fp>\u003Ch3>Detalhamento de CRI (2\u002F2)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#18\u003C\u002Fth>\u003Cth>Ativo CRI Creditas II Carteira III Meza A\u003C\u002Fth>\u003Cth>Montante MTM (R$ mm)2,6\u003C\u002Fth>\u003Cth>%\u002FPL0,2%\u003C\u002Fth>\u003Cth>Segmento Residencial\u003C\u002Fth>\u003Cth>Região Diversos\u003C\u002Fth>\u003Cth>Emissor Vert\u003C\u002Fth>\u003Cth>Código B3 24I1780476\u003C\u002Fth>\u003Cth>Indexador IPCA\u003C\u002Fth>\u003Cth>Taxa de Emissão (a.a.)11,5%\u003C\u002Fth>\u003Cth>Taxa de Aquisição (a.a.)11,8%\u003C\u002Fth>\u003Cth>Taxa MTM (a.a.)11,7%\u003C\u002Fth>\u003Cth>Prazo Médio8,9\u003C\u002Fth>\u003Cth>Vencimentojan-46\u003C\u002Fth>\u003Cth>Garantias AFI, CF, FR\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>19\u003C\u002Ftd>\u003Ctd>CRI Brookfield 12 Sub II\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Office\u003C\u002Ftd>\u003Ctd>SP\u002FRJ\u003C\u002Ftd>\u003Ctd>Vortx\u003C\u002Ftd>\u003Ctd>22G0282333\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,7%\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003Ctd>jul-27\u003C\u002Ftd>\u003Ctd>AF, CF\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>20\u003C\u002Ftd>\u003Ctd>CRI Cortel II Sr. B\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Death Care\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>22F1025725\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,6\u003C\u002Ftd>\u003Ctd>jul-33\u003C\u002Ftd>\u003Ctd>AFI, FR, FD e AVS.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>CRI Rede D'or santa Helena\u003C\u002Ftd>\u003Ctd>1,7\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Hospital\u003C\u002Ftd>\u003Ctd>GO\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>17H0164854\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,3%\u003C\u002Ftd>\u003Ctd>6,3%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>0,9\u003C\u002Ftd>\u003Ctd>nov-27\u003C\u002Ftd>\u003Ctd>AFI\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>22\u003C\u002Ftd>\u003Ctd>CRI Brookfield 12 Sub III\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Office\u003C\u002Ftd>\u003Ctd>SP\u002FRJ\u003C\u002Ftd>\u003Ctd>Vortx\u003C\u002Ftd>\u003Ctd>22G0282305\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,7%\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003Ctd>jul-27\u003C\u002Ftd>\u003Ctd>AF, CF\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>23\u003C\u002Ftd>\u003Ctd>CRI Creditas II Carteira IV Meza A\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>Diversos\u003C\u002Ftd>\u003Ctd>Vert\u003C\u002Ftd>\u003Ctd>24J2921734\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003Ctd>11,7%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>8,9\u003C\u002Ftd>\u003Ctd>fev-46\u003C\u002Ftd>\u003Ctd>AFI, CF, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24\u003C\u002Ftd>\u003Ctd>CRI Cortel II Sr. A\u003C\u002Ftd>\u003Ctd>1,3\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Death Care\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>22F1025672\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003Ctd>jul-34\u003C\u002Ftd>\u003Ctd>AFI, FR, FD e AVS.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>25\u003C\u002Ftd>\u003Ctd>CRI New Sun Sub.\u003C\u002Ftd>\u003Ctd>1,1\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Energia\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>23L1276227\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>19,1%\u003C\u002Ftd>\u003Ctd>19,1%\u003C\u002Ftd>\u003Ctd>23,9%\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>DRS, AFE, AFS, CFRA, FR e FS.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>26\u003C\u002Ftd>\u003Ctd>CRI Wimo Sênior\u003C\u002Ftd>\u003Ctd>0,9\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>Diversos\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>21 D0779652\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>9,4%\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>jan-36\u003C\u002Ftd>\u003Ctd>AFI, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>27\u003C\u002Ftd>\u003Ctd>CRI Wimo IV\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>Diversos\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>22B0914263\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,7%\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003Ctd>jan-37\u003C\u002Ftd>\u003Ctd>AFI, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>28\u003C\u002Ftd>\u003Ctd>CRI Edificatto A\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>MT\u003C\u002Ftd>\u003Ctd>Canal\u003C\u002Ftd>\u003Ctd>24D3314338\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,6%\u003C\u002Ftd>\u003Ctd>12,6%\u003C\u002Ftd>\u003Ctd>15,0%\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003Ctd>out-27\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCV, FR, FO, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>29\u003C\u002Ftd>\u003Ctd>CRI Edificatto B\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>MT\u003C\u002Ftd>\u003Ctd>Canal\u003C\u002Ftd>\u003Ctd>24D3314465\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,4%\u003C\u002Ftd>\u003Ctd>12,4%\u003C\u002Ftd>\u003Ctd>14,8%\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003Ctd>out-27\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCV, FR, FO, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>30\u003C\u002Ftd>\u003Ctd>CRI BIT Barueri\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Habita Sec.\u003C\u002Ftd>\u003Ctd>22J2609554\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>5,5%\u003C\u002Ftd>\u003Ctd>5,5%\u003C\u002Ftd>\u003Ctd>5,5%\u003C\u002Ftd>\u003Ctd>0,8\u003C\u002Ftd>\u003Ctd>out-26\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCV, FR, FO, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>31\u003C\u002Ftd>\u003Ctd>CRI Cortel II Sub. A\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Death Care\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>22F1025673\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,6%\u003C\u002Ftd>\u003Ctd>4,6%\u003C\u002Ftd>\u003Ctd>4,6%\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003Ctd>jul-34\u003C\u002Ftd>\u003Ctd>AFI, FR, FD e AVS.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>CRI Cortel II Sub. B\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Death Care\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>22F1025727\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,2%\u003C\u002Ftd>\u003Ctd>4,6%\u003C\u002Ftd>\u003Ctd>4,2%\u003C\u002Ftd>\u003Ctd>3,5\u003C\u002Ftd>\u003Ctd>jul-33\u003C\u002Ftd>\u003Ctd>AFI, FR, FD e AVS.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>33\u003C\u002Ftd>\u003Ctd>CRI TRX GPA\u003C\u002Ftd>\u003Ctd>0,4\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SP, BA, MS e PI\u003C\u002Ftd>\u003Ctd>Bari Sec.\u003C\u002Ftd>\u003Ctd>20E0031084\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5,8%\u003C\u002Ftd>\u003Ctd>6,3%\u003C\u002Ftd>\u003Ctd>8,1%\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>mai-35\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCA, FR, FD, FS.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>34\u003C\u002Ftd>\u003Ctd>CRI Medabil Sub\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Logístico\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>22A0423267\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003Ctd>jan-37\u003C\u002Ftd>\u003Ctd>AFI, CFRCV, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>*Termos e definições no glossário (clique aqui).\u003C\u002Fp>\u003Ch3>Liquidez e Passivo\u003C\u002Fh3>\u003Cp>Liquidez\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_13_chart_3.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Jan -26\u003C\u002Fth>\u003Cth>2026\u003C\u002Fth>\u003Cth>12 Meses\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>ADTV (R$ Milhões)\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>1,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Giro\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>40,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Número de Cotistas (em milhares)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_13_chart_6.jpg\">\u003C\u002Fp>\u003Ch3>Watchlist\u003C\u002Fh3>\u003Ch3>CRI Medabil\u003C\u002Fh3>\u003Cp>O CRI Medabil, emitido em 28\u002F01\u002F2022, tem um volume de emissão de R$ 20,6 milhões (IPCA + 8,0 a.a.). O saldo devedor atual é de RS 15,2 milhões, dos quais o Fundo possui R$ 3,2 milhões (0,2% do PL).\u003C\u002Fp>\u003Cp>No relatório de maio\u002F24 foi informado que: (i) a Medabil estava em recuperação judicial, (ii) que devido à recuperação judicial, a Medabil estava sem pagar aluguel, e que (iii) que estavam em vias os tramites necessários para a liberação do seguro fiança da operação. Com relação aos pontos acima, atualizamos que em setembro\u002F24 foi recebido o primeiro pagamento da seguradora (referente aos valores acumulados em atraso até o momento) e que, desde então, mensalmente, estão sendo realizados os tramites necessários para que os novos alugueis em atraso sejam cobertos pela seguradora. Quanto ao CRI, informamos que hoje a operação encontra-se adimplente, com os valores do seguro sendo utilizados para pagamento do CRI, conforme previsto nos documentos da operação.\u003C\u002Fp>\u003Cp>Todas as operações do Watchlist seguem com as PMTs adimplentes e boas garantias. A equipe de gestão está realizando o acompanhamento próximo aos devedores para que as operações sigam saudáveis e adimplentes.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Montante MTM (R$ mm)\u003C\u002Fth>\u003Cth>%\u002FPL Segmento\u003C\u002Fth>\u003Cth>Quantidade\u003C\u002Fth>\u003Cth>Estado\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Código B3\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>(a..)\u003C\u002Fth>\u003Cth>Taxa Emissão Taxa Aquisição (a.a.)\u003C\u002Fth>\u003Cth>Taxa MTM (a.a.)\u003C\u002Fth>\u003Cth>Prazo Médio\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>Garantias*\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>CRI Medabil Sênior 17\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>0,2% Logístico\u003C\u002Ftd>\u003Ctd>6429\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>22A0414381\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,00%\u003C\u002Ftd>\u003Ctd>10,4%\u003C\u002Ftd>\u003Ctd>11,6%\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003Ctd>jan\u002F37\u003C\u002Ftd>\u003Ctd>AFI, CFRCV, FR, FD\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Deliberações das Assembleias do Mês\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Conclusão da\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Assembleia\u003C\u002Ftd>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>Voto Proferido\u003C\u002Ftd>\u003Ctd>Resultado da Matéria\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>07\u002Fjan\u002F26\u003C\u002Ftd>\u003Ctd>MEZANINO\u003C\u002Ftd>\u003Ctd>(i) Aprovar\u003C\u002Ftd>\u003Ctd>(i) Aprovar\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>09\u002Fjan\u002F26\u003C\u002Ftd>\u003Ctd>AIEC11\u003C\u002Ftd>\u003Ctd>(i) Aprovar\u003C\u002Ftd>\u003Ctd>(i) Aprovar\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ch3>Anexos\u003C\u002Fh3>\u003Ch3>somos o\u003C\u002Fh3>\u003Cp>Gestora \u003Cstrong>líder em Investimentos alternativos\u003C\u002Fstrong>, com \u003Cstrong>atuação global em 4 continentes\u003C\u002Fstrong>.\u003C\u002Fp>\u003Cp>+ de \u003Cstrong>37 anos\u003C\u002Fstrong> de atuação em alternativos\u003C\u002Fp>\u003Cp>+ de \u003Cstrong>R$ 289 BI\u003C\u002Fstrong> sob gestão\u003C\u002Fp>\u003Ch3>Real Estate\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_17_image_5.jpg\">\u003C\u002Fp>\u003Cp>Maior \u003Cstrong>gestora independente de FIIs\u003C\u002Fstrong> do Brasil\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_17_image_7.jpg\">\u003C\u002Fp>\u003Cp>+ \u003Cstrong>R$ 38 bilhões\u003C\u002Fstrong> sob gestão\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_17_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+30 FIIs\u003C\u002Fstrong> listados na B3, \u003Cstrong>3 FIIs\u003C\u002Fstrong> negociados em ambiente CETIP, além de fundos exclusivos\u003C\u002Fp>\u003Cp>Uma das \u003Cstrong>maiores gestoras\u003C\u002Fstrong> de investimentos alternativos da América Latina\u003C\u002Fp>\u003Cp>Acesse para mais informações: \u003Cstrong>patria\u003C\u002Fstrong>.com \u003Cstrong>realestate\u003C\u002Fstrong>.patria.com\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_18_image_0.jpg\">\u003C\u002Fp>\u003Ch3>- siga o - #Patria NasRedes\u003C\u002Fh3>\u003Cp>Gestão de Recursos\u003C\u002Fp>\u003Cp>\u003Cstrong>realestate\u003C\u002Fstrong>.patria.com\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_18_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_18_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u002Fpatria - investments - brasil\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_18_image_7.jpg\">\u003C\u002Fp>\u003Cp>@patriainvestments\u003C\u002Fp>\u003Cp>@patriainvestments\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F9494\u002Fpage_18_image_10.jpg\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FPSEC11\u002Fdocumentos\u002F9494\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1124664","2026-01-31","2026-02-27 19:00:00",1,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":88},"Relatório Gerencial PSEC11 de janeiro de 2026 | Kartac","Relatório Gerencial de janeiro de 2026 do PSEC11 (Patria Securities), entrega em 27\u002F02\u002F2026. DY 12 meses de 15,30% e P\u002FVP 0,62 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPSEC11\u002Fdocumentos\u002F9494","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,59,74],{"@type":25,"@id":26,"name":27,"url":28,"logo":29},"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":31,"@id":32,"name":27,"url":28,"inLanguage":33,"publisher":34},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":26},{"@type":36,"@id":37,"url":19,"name":17,"description":18,"inLanguage":33,"isPartOf":38,"dateModified":39,"mainEntity":40,"breadcrumb":42},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPSEC11\u002Fdocumentos\u002F9494#pagina",{"@id":32},"2026-11-02",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPSEC11\u002Fdocumentos\u002F9494#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPSEC11\u002Fdocumentos\u002F9494#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":49,"temporalCoverage":50,"author":51,"publisher":57,"isBasedOn":12},"Report","Relatório Gerencial PSEC11 de janeiro de 2026",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPSEC11#fundo","2026-02-27","2026-01",{"@type":25,"name":52,"identifier":53},"PÁTRIA VBI REAL ESTATE GESTÃO DE CARTEIRAS AS",{"@type":54,"propertyID":55,"value":56},"PropertyValue","CNPJ","11.274.775\u002F0001-71",{"@type":25,"name":58},"BRL TRUST DTVM S.A.",{"@type":60,"@id":48,"name":61,"alternateName":62,"url":65,"category":66,"identifier":67,"provider":72},"InvestmentFund","Patria Securities",[63,64],"PSEC11","PATRIA SECURITIES FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPSEC11","Fundo de fundos",[68,70],{"@type":54,"propertyID":69,"value":63},"Ticker B3",{"@type":54,"propertyID":55,"value":71},"35.507.457\u002F0001-71",{"@type":25,"name":52,"identifier":73},{"@type":54,"propertyID":55,"value":56},{"@type":75,"@id":43,"itemListElement":76},"BreadcrumbList",[77,80,84,86],{"@type":78,"position":15,"name":79,"item":28},"ListItem","Início",{"@type":78,"position":81,"name":82,"item":83},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":78,"position":85,"name":63,"item":65},3,{"@type":78,"position":87,"name":5,"item":19},4,{"atualizado_em":89,"frases":90},"2026-11-05",[91,92,93,94,95],"Relatório Gerencial do Patria Securities (PSEC11), fundo imobiliário de fundos (FoF), referente a janeiro de 2026, com entrega no FundosNet (B3) em 27\u002F02\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do PSEC11 fechou a R$ 43,80, com P\u002FVP de 0,62 (valor patrimonial de R$ 70,26 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,60 por cota, com pagamento em out\u002F2026, e o dividend yield dos últimos 12 meses é de 15,30% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 1,3 bilhão no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":97,"empresa":98,"gestor":102,"cotacoes":108,"patrimonio":223,"vpa":224,"p_vpa":225,"tipo_gestao":226,"mandato":227,"segmento":228,"categoria":66,"grupo":66,"preco_atual":221,"cotacao_atualizada_em":229,"ultima_variacao_cotacao_24h":230,"variacao_cotacao_7d":231,"variacao_cotacao_1m":232,"variacao_cotacao_3m":233,"variacao_cotacao_6m":234,"variacao_cotacao_12m":235,"vacancia_fisica":227,"liquidez_atual":236,"ultimo_dividendo":237,"ultimo_dividend_yield":238,"mes_pagamento_ultimo_dividendo":239,"dividend_yield_3m":240,"dividend_yield_6m":241,"dividend_yield_12m":242,"dividend_yield_medio_12m":243,"qtd_dividendos_pagos_ano_passado":81,"data_ultima_cotacao":219,"pregoes_com_negocio_21":244,"alertas":245,"updated_at":246,"liquidez_media_reais":247,"administrador":58,"taxa_administracao_paga":248,"balanco":249,"resultado_distribuido":256,"publico_alvo":261,"mercados_negociacao_cotas":262,"data_funcionamento":264,"data_final":227,"quantidade_cotas":265,"quantidade_cotistas":266,"detalhes_cotistas":267,"total_investido":273,"investimentos_fundo":274,"imoveis":277,"contratos":227,"custodiante":279,"auditor_independente":284,"formador_mercado":227,"distribuidor_cotas":291,"consultor_especializado":227,"administrador_locacoes":227,"relatorio_anual":292,"analise_administrador":295},715,{"nome":64,"nome_simplificado":99,"nome_comercial":61,"ticker":63,"nome_ticker":100,"nome_pregao":101,"cnpj":71},"PATRIA SECURITIES   RESPONSABILIDADE LIMITADA","PSEC11 - PATRIA SECURITIES FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","FII PSEC PAX",{"id":103,"nome":52,"cnpj":104,"endereco":105,"telefone":106,"created_at":107,"updated_at":107},134,"11274775000171","R. Funchal, 418 - 27th floor - Vila Olímpia, São Paulo - SP, 04551-060","(11) 2344-2525","2026-10-03T19:05:58.000000Z",[109,115,121,126,132,138,143,149,155,161,167,171,177,182,188,194,200,205,211,217],{"id":110,"data":111,"abertura":112,"ultimo":113,"volume":114},3288916,"2026-10-06",53.4,53.65,66444,{"id":116,"data":117,"abertura":118,"ultimo":119,"volume":120},3289498,"2026-10-07",53.34,55.29,57640,{"id":122,"data":123,"abertura":119,"ultimo":124,"volume":125},3290151,"2026-10-08",56.25,52554,{"id":127,"data":128,"abertura":129,"ultimo":130,"volume":131},3291128,"2026-10-09",55.6,57.1,67107,{"id":133,"data":134,"abertura":135,"ultimo":136,"volume":137},3356793,"2026-10-13",57,56.35,84121,{"id":139,"data":140,"abertura":136,"ultimo":141,"volume":142},3375592,"2026-10-14",56.3,43938,{"id":144,"data":145,"abertura":146,"ultimo":147,"volume":148},3376023,"2026-10-15",56.1,55.4,57164,{"id":150,"data":151,"abertura":152,"ultimo":153,"volume":154},3377168,"2026-10-16",55.06,54,79567,{"id":156,"data":157,"abertura":158,"ultimo":159,"volume":160},3444918,"2026-10-19",53.57,53.69,65761,{"id":162,"data":163,"abertura":164,"ultimo":165,"volume":166},3446681,"2026-10-20",53.73,53.56,65028,{"id":168,"data":169,"abertura":165,"ultimo":112,"volume":170},3459507,"2026-10-21",82964,{"id":172,"data":173,"abertura":174,"ultimo":175,"volume":176},3473604,"2026-10-22",53.5,53.45,77744,{"id":178,"data":179,"abertura":175,"ultimo":180,"volume":181},3488305,"2026-10-23",54.5,69310,{"id":183,"data":184,"abertura":185,"ultimo":186,"volume":187},3566068,"2026-10-26",51,49.61,62676,{"id":189,"data":190,"abertura":191,"ultimo":192,"volume":193},3580017,"2026-10-27",49.65,47.49,86746,{"id":195,"data":196,"abertura":197,"ultimo":198,"volume":199},3593767,"2026-10-28",47.8,46.02,46641,{"id":201,"data":202,"abertura":203,"ultimo":198,"volume":204},3609047,"2026-10-29",46.17,28348,{"id":206,"data":207,"abertura":208,"ultimo":209,"volume":210},3624783,"2026-10-30",46.15,45.99,42885,{"id":212,"data":213,"abertura":214,"ultimo":215,"volume":216},3682268,"2026-11-03",46,43,45987,{"id":218,"data":219,"abertura":220,"ultimo":221,"volume":222},3695682,"2026-11-04",43.43,43.8,35540,1292779269.12,70.26,"0.62","Ativa",null,"Outros","2026-11-05 09:00","0.0186","-0.0482","-0.1836","-0.1796","-0.2601","-0.2760",3993,"0.6000","0.0107","Out\u002F2026","0.0274","0.0662","0.1530","0.0095",21,[],"05\u002F11\u002F2026 08:14",3186816.41,0.007,{"data_referencia":250,"ativo":251,"passivo":252,"obrigacoes_imoveis":253,"obrigacoes_securitizacao":253,"liquidez":254,"valores_receber":255},"2026-09-01",1304768853.08,11989583.96,0,130019649.28,1350275.33,{"data_referencia":257,"resultado":258,"rendimentos":259,"percentual":260},"2026-06-30",68107489.21,66232121.3595,0.9724645869014851,"Investidores em Geral",[263],"MB","2022-02-04",18399378,79431,{"Pessoa Física":268,"Pessoa jurídica não financeira":269,"Fundos de investimento imobiliário":270,"Outros fundos de investimento":271,"Investidores não residentes":272,"Corretora ou distribuidora":15,"Entidade aberta de previdência complementar":15},79240,128,31,23,7,1173398928.47,{"Cotas de FIIs":275,"CRI \u002F CRA":276},852331890.32,321067038.15,{"vacancia_total":253,"lista_imoveis":278,"data_referencia":257,"vacancia_suspeita":11},[],{"id":81,"nome":58,"cnpj":280,"endereco":281,"telefone":282,"created_at":283,"updated_at":283},"13486793000142","R. Alves Guimarães, 1216 - Pinheiros, São Paulo - SP, 05410-002","(11) 3509-0600","2026-06-07T17:17:20.000000Z",{"id":285,"nome":286,"cnpj":287,"endereco":288,"telefone":289,"created_at":290,"updated_at":290},45,"KPMG AUDITORES INDEPENDENTES LTDA.","57755217000129","Rua Verbo Divino, 1400 - Chacara Santo Antonio","(11) 3940-1500","2026-10-03T18:53:09.000000Z",{"id":81,"nome":58,"cnpj":280,"endereco":281,"telefone":282,"created_at":283,"updated_at":283},{"ano_referencia":293,"data_disponibilizacao":294},"2026","2026-09-28",{"ResultadoFundo":296,"ConjunturaEconomica":297,"PerspectivaPeriodoSeguinte":298},"No exercício social findo em 30\u002F06\u002F2026, o Fundo, foi apurado o lucro contabil no montante de R$ 80.138.698,90.","O período foi desafiador para o setor como um todo, com dados de atividade econômica recuando e inflação global persistente, culminando com a política monetária, nas economias centrais, avançando em trajetória contracionista ou sinalizando um período prolongado de juros elevados para combater as pressões inflacionárias. A insatisfação do mercado no âmbito fiscal nacional, dentre outros aspectos, acentuou o movimento de abertura de juros durante o período, impactando fortemente, inclusive, os preços dos fundos imobiliários.","A perspectiva para o mercado de fundos imobiliários no proximo periodo é positiva, sustentada por um cenário de afrouxamento monetário tanto nos Estados Unidos quanto no Brasil. A expectativa de cortes graduais na taxa de juros americana deve reduzir o prêmio de risco global, favorecendo ativos como os FIIs brasileiros. No âmbito doméstico, a projeção de queda da Selic para 12,25% ao final de 2026 (FOCUS), aliada à inflação controlada, tende a impulsionar a valorização das cotas e melhorar o desempenho dos fundos de tijolo e papel. No entanto, a curva longa de juros segue pressionada por incertezas fiscais e políticas, o que exige cautela na alocação. Além disso, a discussão sobre tributação dos rendimentos dos FIIs para pessoas físicas, pode gerar uma reprecificação no mercado e uma corrida por ativos isentos. Diante desse cenário, manteremos uma postura seletiva, priorizando fundos com boa gestão, ativos resilientes e bem precificados."]