[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:TEPP11:11359":3,"seo:\u002Fdetalhes\u002FTEPP11\u002Fdocumentos\u002F11359":16,"fii-documento:TEPP11":97},{"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},11359,"(TEPP) Relatório Gerencial - 31\u002F07\u002F2026","Relatório Gerencial","Relatórios","(Ativo)","\u003Ch3>TELLUS PROPERTIES FII TEPP11\u003C\u002Fh3>\u003Cp>RELATÓRIO MENSAL Julho | 2026\u003C\u002Fp>\u003Ch3>SUMÁRIO\u003C\u002Fh3>\u003Cul>\u003Cli>\u003Cstrong>RESULTADO DO FUNDO\u003C\u002Fstrong> 3\u003C\u002Fli>\u003Cli>\u003Cstrong>PALAVRA DO GESTOR\u003C\u002Fstrong> 4\u003C\u002Fli>\u003Cli>\u003Cstrong>DISTRIBUIÇÃO E PERFORMANCE\u003C\u002Fstrong> 5\u003C\u002Fli>\u003Cli>\u003Cstrong>PORTFÓLIO\u003C\u002Fstrong> 6\u003C\u002Fli>\u003Cli>DEMONSTRA ÕES FINANCEIRAS 9\u003C\u002Fli>\u003Cli>\u003Cstrong>FLUXO DE CAIXA 10\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>PORTFÓLIO – VISÃO CONSOLIDADA 11\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>PORTFÓLIO – INDICADORES OPERACIONAIS 12\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>MERCADO SECUNDÁRIO 15\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>RENTABILIDADE 16\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>LINHA DO TEMPO\u003C\u002Fstrong> – A UISI ÕES E VENDAS \u003Cstrong>17\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>A GESTORA TELLUS 18\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>GLOSSÁRIO 20\u003C\u002Fstrong>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_2_image_0.jpg\">\u003C\u002Fp>\u003Cp>TELLUS PROPERTIES FII\u003C\u002Fp>\u003Ch3>CARACTERÍSTICAS DO FUNDO\u003C\u002Fh3>\u003Cp>\u003Cstrong>TICKER\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>TEPP11\u003C\u002Fp>\u003Cp>\u003Cstrong>GESTOR\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Tellus Investimentos e Consultoria Ltda.\u003C\u002Fp>\u003Cp>\u003Cstrong>ADMINISTRADOR\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>BTG Pactual Serviços Financeiros S.A. Distribuidora de Títulos e Valores Mobiliários.\u003C\u002Fp>\u003Cp>\u003Cstrong>CNPJ\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>26.681.370\u002F0001 - 25\u003C\u002Fp>\u003Cp>\u003Cstrong>AUDITOR\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Ernest & Young Auditores Independentes\u003C\u002Fp>\u003Cp>\u003Cstrong>INÍCIO DAS NEGOCIAÇÕES NA B3\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>26\u002F09\u002F2019\u003C\u002Fp>\u003Cp>\u003Cstrong>TAXA DE GESTÃO\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>0,90% a 1% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>TAXA DE ADMINISTRAÇÃO\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>0,13% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>TRIBUTAÇÃO\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Conforme Regulamento, Prospecto do Fundo, e\u003C\u002Fp>\u003Cp>leis nº 8.668\u002F93 e nº 9.779\u002F1999.\u003C\u002Fp>\u003Ch3>SOBRE O FUNDO\u003C\u002Fh3>\u003Cp>O TEPP 11 é f d d l ti f d d i i i ó i b l li d , t i l d t f ã melhorias . O processo de transformação envolve mapear o potencial do edifício, considerando fatores como valor médio de aluguel, serviços oferecidos aos usuários, acessibilidade e benfeitorias que possam agregar valor ao ativo, gerando incremento de receita para o fundo . Esse processo é conduzido pela Gestão, que considera sempre os custos, prazos e etapas das melhorias, que muitas vezes incluem obras . A Gestão busca detalhar o processo de maneira transparente, apresentando o andamento de cada ação .\u003C\u002Fp>\u003Ch3>INDICADORES GERAIS\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Patrimônio Líquido\u003C\u002Fth>\u003Cth>Valor de Mercado\u003C\u002Fth>\u003Cth>Dividend Yield (Mensal)\u003C\u002Fth>\u003Cth>P\u002FVP\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>R$ 468.033.533,38\u003C\u002Ftd>\u003Ctd>R$ 395.446.876,31\u003C\u002Ftd>\u003Ctd>1,57%\u003C\u002Ftd>\u003Ctd>0,85\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cota Patrimonial\u003C\u002Ftd>\u003Ctd>Cota de Mercado\u003C\u002Ftd>\u003Ctd>Dividend Yield (Anualizado)\u003C\u002Ftd>\u003Ctd>Volume Diário Médio Negociado (30 dias)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 9,43\u003C\u002Ftd>\u003Ctd>R$ 7,97\u003C\u002Ftd>\u003Ctd>20,53%\u003C\u002Ftd>\u003Ctd>R$ 1.196.577\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>INDICADORES OPERACIONAIS\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Nº Ativos\u003C\u002Ftd>\u003Ctd>ABL (m²)\u003C\u002Ftd>\u003Ctd>Vacância Física\u003C\u002Ftd>\u003Ctd>Nº de Cotistas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6\u003C\u002Ftd>\u003Ctd>52.514\u003C\u002Ftd>\u003Ctd>5,69%\u003C\u002Ftd>\u003Ctd>44.743\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Nº Locatários\u003C\u002Ftd>\u003Ctd>WAULT (Anos)\u003C\u002Ftd>\u003Ctd>Vacância Financeira\u003C\u002Ftd>\u003Ctd>Valor do Ativo por m² (Mercado)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>47\u003C\u002Ftd>\u003Ctd>5,36\u003C\u002Ftd>\u003Ctd>2,67%\u003C\u002Ftd>\u003Ctd>R$ 10.446\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Assista a leitura do relatório feito pela Gestão no canal da Tellus , do YouTube, ou pelo Spotify .\u003C\u002Fp>\u003Cp>Visite o novo site do TEPP11 clicando aqui\u003C\u002Fp>\u003Ch3>LEITURA DE MERCADO\u003C\u002Fh3>\u003Cp>Os \u003Cstrong>mercados globais\u003C\u002Fstrong> mantiveram volatilidade em julho, com investidores reavaliando a trajetória dos juros nos Estados Unidos diante de sinais ainda persistentes de inflação . O Federal Reserve manteve a taxa de juros no intervalo de 3,50 %–3,75 % na reunião de 29 \u002F07 , mas a decisão foi acompanhada por dissidências favoráveis a uma alta de 0 ,25 p .p ., reforçando a percepção de maior cautela na condução da política monetária . Em paralelo, sinais de desaceleração da atividade na China e a continuidade das incertezas geopolíticas mantiveram o ambiente externo seletivo para ativos de risco .\u003C\u002Fp>\u003Cp>No \u003Cstrong>Brasil\u003C\u002Fstrong>, o IPCA voltou a desacelerar em julho, avançando 0,07% no mês, ante 0,16% em junho, levando o acumulado em 12 meses para 4,44%, abaixo dos 4,64% observados no mês anterior . A leitura reforçou a melhora gradual da inflação corrente, embora as expectativas de médio prazo ainda demandem cautela . Sem reunião do Copom no mês, a Selic permaneceu em 14,25 % a.a., com o mercado atento aos próximos passos da política monetária e à evolução dos dados de inflação, atividade e câmbio .\u003C\u002Fp>\u003Cp>Em termos de \u003Cstrong>desempenho dos ativos domésticos\u003C\u002Fstrong> o Ibovespa avançou 3 47 % em julho encerrando o mês aos 177.999 pontos interrompendo uma sequência de meses negativos, , , ,e refletindo um ambiente externo mais ameno, além da temporada de resultados corporativos . No câmbio, o dólar comercial recuou 1,82 % no mês, fechando próximo de R $ 5,07 . Por fim, o IFIX, principal índice de fundos imobiliários, encerrou julho aos 3.818 ,52 pontos, com leve queda de 0 ,32 % no período, ainda impactado pelo patamar elevado dos juros e pela maior seletividade dos investidores .\u003C\u002Fp>\u003Ch3>MOMENTO DO FUNDO\u003C\u002Fh3>\u003Cp>O Fundo encerrou o mês de julho com a cota avaliada em R $ 7,97 e distribuiu R $ 0 ,125 por cota, o que representa um Dividend Yield de 1,57 % no mês (equivalente a 20 ,53 % li d\u003C\u002Fp>\u003Cp>No Ed . Torre Sul, foi celebrada a aquisição dos conjuntos comerciais nº 171 e nº 172, pelo valor total de R $ 10 .767 .131,82 , com cap rate estimado de 9 ,7% a.a. O preço de aquisição foi 16% inferior ao custo histórico de aquisição do Fundo na fração atualmente detida no ativo, com base nos valores de referência de 2019 , evidenciando o caráter oportunístico da transação . Com a conclusão da operação, a participação do Fundo no ativo passará de 49 ,5% para aproximadamente 55 ,0 % .\u003C\u002Fp>\u003Cp>No Ed . Passarelli, foi celebrada a aquisição dos conjuntos comerciais nº 43 , 44 , 45 , 61, 62 e 66 , pelo valor total de R $ 13.441 .494 ,74 . A Gestão estima cap rate de 9 ,1% a.a. após a revisão dos aluguéis atualmente vigentes, buscando seu alinhamento aos demais valores praticados no ativo . Com a aquisição, a participação do Fundo no imóvel passará de 54 ,0 % para 61,6 % .\u003C\u002Fp>\u003Cp>Em relação à potencial venda do Ed . Passarelli, as tratativas para assinatura do Compromisso de Venda e Compra seguem em andamento, com previsão de conclusão no final de agosto . Estima - se que a operação, caso concretizada e após a superação das condições precedentes usuais para esse tipo de negociação, seja concluída entre o final de setembro e o início de outubro . A Gestão fornecerá mais detalhes aos investidores e ao mercado oportunamente, após a conclusão da operação .\u003C\u002Fp>\u003Cp>N â bit d l õ , h ã d d t t d Ed . T C t , t d 92 % l i l d l l . N Ed . P lli, f li ã reajuste de 24 % em um dos contratos de locação . Por fim, também estão em fase final as tratativas para \u003Cstrong>reajuste\u003C\u002Fstrong> do contrato de um dos inquilinos do Ed . BFL, \u003Cstrong>em valor 44 % superior ao atualmente vigente\u003C\u002Fstrong>.\u003C\u002Fp>\u003Cp>Por fim, a Gestão segue ativa na absorção das áreas vagas do portfólio . Atualmente, existem discussões avançadas com potenciais ocupantes para parte das áreas disponíveis no Ed . Fujitsu, as quais serão comunicadas ao mercado caso sejam concretizadas .\u003C\u002Fp>\u003Cp>DIVIDEND YIELD E DISTRIBUIÇÃO POR COTA\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_4_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Rendimento Distribuído Projeção de Distribuição Di id d Yi ld M l\u003C\u002Fp>\u003Cp>PERFORMANCE\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_4_chart_7.jpg\">\u003C\u002Fp>\u003Cp>² Valor ponderado pelo Patrimônio Líquido\u003C\u002Fp>\u003Cp>³D t t 26\u002F09\u002F2019 31\u002F07\u002F2026\u003C\u002Fp>\u003Cp>¹ Alíquota considerada de 15% ² Dividendo Base Julho\u002F26\u003C\u002Fp>\u003Cp>Di id d Yi ld d 1,57% . . 20,53% \u003Cstrong>em relação a cota de fechamento do mês\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Di id d ² d Equivalente a \u003Cstrong>R$ 0,125\u003C\u002Fstrong> 164,93% \u003Cstrong>p or cota no Mês do CDI líquido¹\u003C\u002Fstrong>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>DIVIDEND YIELD\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>FUNDO\u003C\u002Ftd>\u003Ctd>% IFIX\u003C\u002Ftd>\u003Ctd>P\u002FVP\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>ANUALIZADO¹\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>0,22%\u003C\u002Ftd>\u003Ctd>0,84\u003C\u002Ftd>\u003Ctd>19,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 1\u003C\u002Ftd>\u003Ctd>0,27%\u003C\u002Ftd>\u003Ctd>0,82\u003C\u002Ftd>\u003Ctd>12,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 2\u003C\u002Ftd>\u003Ctd>0,91%\u003C\u002Ftd>\u003Ctd>0,82\u003C\u002Ftd>\u003Ctd>15,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 3\u003C\u002Ftd>\u003Ctd>0,62%\u003C\u002Ftd>\u003Ctd>0,79\u003C\u002Ftd>\u003Ctd>13,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 4\u003C\u002Ftd>\u003Ctd>0,33%\u003C\u002Ftd>\u003Ctd>0,72\u003C\u002Ftd>\u003Ctd>12,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 5\u003C\u002Ftd>\u003Ctd>1,22%\u003C\u002Ftd>\u003Ctd>0,67\u003C\u002Ftd>\u003Ctd>6,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 6\u003C\u002Ftd>\u003Ctd>0,13%\u003C\u002Ftd>\u003Ctd>0,66\u003C\u002Ftd>\u003Ctd>15,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 7\u003C\u002Ftd>\u003Ctd>0,20%\u003C\u002Ftd>\u003Ctd>0,65\u003C\u002Ftd>\u003Ctd>16,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 8\u003C\u002Ftd>\u003Ctd>0,41%\u003C\u002Ftd>\u003Ctd>0,62\u003C\u002Ftd>\u003Ctd>10,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 9\u003C\u002Ftd>\u003Ctd>0,79%\u003C\u002Ftd>\u003Ctd>0,58\u003C\u002Ftd>\u003Ctd>9,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 10\u003C\u002Ftd>\u003Ctd>0,45%\u003C\u002Ftd>\u003Ctd>0,55\u003C\u002Ftd>\u003Ctd>11,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 11\u003C\u002Ftd>\u003Ctd>0,70%\u003C\u002Ftd>\u003Ctd>0,50\u003C\u002Ftd>\u003Ctd>12,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII 12\u003C\u002Ftd>\u003Ctd>0,24%\u003C\u002Ftd>\u003Ctd>0,47\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MÉDIA³\u003C\u002Ftd>\u003Ctd>6,49%\u003C\u002Ftd>\u003Ctd>0,65\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>A projeção de distribuição divulgada não constitui promessa ou garantia de rentabilidade. Trata - se de uma estimativa baseada nas premissas atuais da Gestão, que poderá ser revista a q\u003C\u002Fp>\u003Ch3>ED. TORRE SUL\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_5_image_3.jpg\">\u003C\u002Fp>\u003Cp>E d : R. J J l , 65 | B i i \u003Cstrong>Participação do Fundo no ativo:\u003C\u002Fstrong> 49,5% ABL d id l F d : 9.950 ² C tifi ã LEED: Pl ti Cl ifi ã d Ati : A\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_5_image_5.jpg\">\u003C\u002Fp>\u003Ch3>SOBRE O ATIVO\u003C\u002Fh3>\u003Cp>O Edifí i T S l é édi ti Cl A, l li d iã B i i, Sã P l integrado ao Complexo Empresarial Nações Unidas (CENU) . Construído em 2004 , possui 16 pavimentos tipo que variam entre i d t 865 ² 1.081 ² ABL . O empreendimento conta com cinco subsolos, ar - condicionado central, piso elevado, forro modular, automação predial e gerador que atende 100 % da difi ã . A t é - di it d 2 ,80 i f t t l t ditó i h li t f i t i t d 24 h, lé di , tá l li d à 800 t d t ã B i i (CPTM\u003C\u002Fp>\u003Ch3>ATUALIZA ÕES DO MÊS\u003C\u002Fh3>\u003Cp>N Ed . T S l, G tã t d i i t d d ti t b l t té i i í i da operação do heliponto .\u003C\u002Fp>\u003Cp>N l d d l õ , G ã á l em tratativas com 3 inquilinos para a renovação d t t , t d t i i id receita .\u003C\u002Fp>\u003Cp>Adicionalmente, está sendo estudada a implementação do sistema de chamada t i d l d , t á i comodidade e modernização ao prédio .\u003C\u002Fp>\u003Cp>P fi , tá d t b l id para o início do retrofit do subsolo do ativo, com pintura em epóxi e outras intervenções .\u003C\u002Fp>\u003Cp>\u003Cstrong>ED. PASSARELLI\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_5_image_15.jpg\">\u003C\u002Fp>\u003Cp>E d : R. P L , 524 Pinheiros P ti i ã d F d ti : 54,0% ABL d id l F d : 7.130 ² C tifi ã LEED: Pl ti Cl ifi ã d Ati : B\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_5_image_17.jpg\">\u003C\u002Fp>\u003Ch3>SOBRE O ATIVO\u003C\u002Fh3>\u003Cp>I d 1980 , Edifí i P lli é difí i ti Cl B l li d Pi h i São Paulo . O empreendimento possui 17 pavimentos, com lajes de aproximadamente 1.019 m² de ABL por d , bdi idid i t . O difí i conta com ar - condicionado central, sistema de automação predial, gerador para áreas comuns e certificação LEED Platinum, além de um subsolo, estacionamento térreo e três sobressolos .\u003C\u002Fp>\u003Cp>O ti tá i id iã lid d d escritórios, com acesso direto à Estação Pinheiros CPTM\u002FM t ô) i id d i F i Li M i l Pi h i\u003C\u002Fp>\u003Ch3>ATUALIZAÇÕES DO MÊS\u003C\u002Fh3>\u003Cp>Nã h t li õ l t l i d ti d t ê\u003C\u002Fp>\u003Cp>Segue em tratativas finais com um dos ocupantes a renegociação do contrato de locação, sendo o aumento estimado de 23 % no valor de locação .\u003C\u002Fp>\u003Cp>C l ã à d d i ó l, G ã t i l d di ti d t fi i d d t d ã A t ti é d i t t i d t li it l ã d ã t setembro e outubro, desde que sejam cumpridas as condições precedentes estabelecidas entre as partes.\u003C\u002Fp>\u003Ch3>ED. F ITS\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_6_image_3.jpg\">\u003C\u002Fp>\u003Cp>E d : R. T d M i , 1633 P li t P i i ã d F d i : 52% ABL d tid l F d : 4.985 ² C ifi ã LEED: G ld Cl ifi ã d Ati : B\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_6_image_5.jpg\">\u003C\u002Fp>\u003Ch3>SOBRE O ATIVO\u003C\u002Fh3>\u003Cp>D l id 1994 , Edifí i F it é edifício corporativo Classe B localizado na região d P li t . O di t i 14 i t , l ti d i d t 681 m² de ABL . O edifício conta com ar - di i d l, i l d , é - di i d 2 ,60 , d t di t d á tifi ã LEED G ld\u003C\u002Fp>\u003Cp>O ti tá it d ó i à t õ Brigadeiro e Vergueiro do metrô, ao Shopping Pá i P li i fá il à id P li , 23 d M i , B di d C 9 d J lh\u003C\u002Fp>\u003Ch3>ATUALIZA ÕES DO MÊS\u003C\u002Fh3>\u003Cp>N ti , G tã l d d d i õ , ã d dil d á externa, expansão da entrada de veículos do prédio, a substituição do operador de estacionamento, retrofit da área social no último d , i l t ã d fé á té t d d édi\u003C\u002Fp>\u003Cp>A Gestão segue atuando ativamente na i li ã d , i l i i d li ã d t id d d l ã modalidade turn - key ou plug - and - play , com o objetivo de acelerar a absorção das áreas .\u003C\u002Fp>\u003Cp>P fi , lh i í i d ti õ d CRI t t d l F d i i ã d ativo .\u003C\u002Fp>\u003Ch3>ED. BRIGADEIRO FARIA LIMA (BFL\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_6_image_15.jpg\">\u003C\u002Fp>\u003Cp>E d : A . B i d i F i Li 1355 F i Li P i i ã d F d i : 25,7% ABL d id l F d : 5.761 ² C tifi ã LEED: E bt ã Cl ifi ã d Ati : B\u003C\u002Fp>\u003Ch3>SOBRE O ATIVO\u003C\u002Fh3>\u003Cp>O Edifí i B i d i F i Li é difí i ti Cl B, l li d iã d F i Li . D l id 1986 , di t possui 23 pavimentos, com lajes - tipo de i d t 951 ² d ABL . O difí i t com ar - condicionado central, piso elevado, pé - direito de 2,65 m e gerador com atendimento a 100 % d difi ã\u003C\u002Fp>\u003Cp>Atualmente, encontra - se em processo de obtenção da certificação LEED . A poucos metros dos shoppings Eld d I t i, édi tá it d 350 metros da Estação Faria Lima do metrô, além de t fá il à A id R b à Marginal Pinheiros .\u003C\u002Fp>\u003Ch3>ATUALIZA ÕES DO MÊS\u003C\u002Fh3>\u003Cp>No Ed . BFL, foi aprovada, em Assembleia de Condôminos, a destinação de recursos para a l b ã d t l l d t fit, i l i d desenvolvimento da concepção arquitetônica e a i i d l id\u003C\u002Fp>\u003Cp>O projeto prevê a implantação de fachada ativa, a renovação da área térrea, do lobby e da fachada do edifício, além da adequação de áreas técnicas . Como i ti t i d d d ã d ã bl i , G tã t á d i f d sobre novos desdobramentos .\u003C\u002Fp>\u003Cp>A t t ti d i ili i ã d aluguel seguem em fase de formalização, com aumento de 44 % em relação ao valor atualmente ti d\u003C\u002Fp>\u003Ch3>ED. GPA\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_7_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Endereço:\u003C\u002Fstrong> Av. Brigadeiro Luís Antônio, 3172 | J di \u003Cstrong>Participação do Fundo no ativo:\u003C\u002Fstrong> 100% ABL d tid l F d : 11.224 ² C tifi ã LEED: Nã i Cl ifi ã d Ati : B\u003C\u002Fp>\u003Ch3>SOBRE O ATIVO\u003C\u002Fh3>\u003Cp>O Ed . GPA é difí i ti Cl B á i , t íd dé d d 1990 . O ti tá l li d d i i i i da cidade de São Paulo, na Av . Brigadeiro Luís A tô i , i Al . L . C t ampla oferta de transporte público, estando a aproximadamente 900 metros da estação B i d i d t ô, lé d fá il à i i i id d id d\u003C\u002Fp>\u003Cp>O i ó l tá i id b i J di P li t d i b t di i i d it l paulista . A sede encontra - se ao lado da primeira l d Pã d A ú , i d 1959 histórico relevante para a região .\u003C\u002Fp>\u003Ch3>ATUALIZA ÕES DO MÊS\u003C\u002Fh3>\u003Cp>Não houve atualizações no mês para o ativo .\u003C\u002Fp>\u003Ch3>ED. TOP CENTER\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_7_image_11.jpg\">\u003C\u002Fp>\u003Cp>Endereço: Av. Paulista, 854 | Paulista Participação do Fundo no ativo: 100% ABL detida pelo Fundo: 13.463 m² C tifi ã LEED: Nã i Cl ifi ã d Ati : B\u003C\u002Fp>\u003Ch3>SOBRE O ATIVO\u003C\u002Fh3>\u003Cp>O T C t é l lti t uma Torre Comercial integrada a um Shopping Center, além de um edifício - garagem que atende todo o empreendimento.\u003C\u002Fp>\u003Cp>A T C i l i 17 d , l - ti d i d t 792 ², iti d últi l configurações de ocupação e atendendo a diferentes fi d i ili . Sit d t A . P li t , Al Joaquim Eugênio de Lima e a R . São Carlos do Pinhal, o T C t t d 3 .948 ² t se próximo a importantes eixos de mobilidade urbana : 500 m da estação Brigadeiro, 400 m da Trianon - Masp e 1.300 m da Consolação .\u003C\u002Fp>\u003Ch3>ATUALIZAÇÕES DO MÊS\u003C\u002Fh3>\u003Cp>No Ed . Top Center, foi formalizada a revisão dos l d l ã d d t t , t de 92 % no aluguel . Seguem em tratativas o ajuste de t t t d l ã , i t ti d d 40 % , lé d ã d d t i d 175 ²\u003C\u002Fp>\u003Cp>P l l t , G tã d i d conjunto com a empresa responsável pela gestão di l, t d lh i í i d i l t ã di t , t l d definição de escopos, cronogramas e recursos necessários para sua execução.\u003C\u002Fp>\u003Cp>P fi , tá f fi l l b ã d d NBR\u002FBOMA do ativo, bem como a implementação da nova estrutura de subcondomínio .\u003C\u002Fp>\u003Cp>DEMONSTRAÇÃO DE RESULTADO\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Jun\u002F26\u003C\u002Fth>\u003Cth>Jun\u002F26\u003C\u002Fth>\u003Cth>1º Sem. 26\u003C\u002Fth>\u003Cth>YTD\u003C\u002Fth>\u003Cth>12M\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Receita Locação\u003C\u002Ftd>\u003Ctd>(R$\u002Fcota)0,095\u003C\u002Ftd>\u003Ctd>(R$ mil)4.734\u003C\u002Ftd>\u003Ctd>(R$ mil)26.879\u003C\u002Ftd>\u003Ctd>(R$ mil)26.879\u003C\u002Ftd>\u003Ctd>(R$ mil)48.461\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Renda Garantida\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Financeira\u003C\u002Ftd>\u003Ctd>0,005\u003C\u002Ftd>\u003Ctd>251\u003C\u002Ftd>\u003Ctd>1.890\u003C\u002Ftd>\u003Ctd>1.890\u003C\u002Ftd>\u003Ctd>2.806\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Receitas\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>11\u003C\u002Ftd>\u003Ctd>18.384\u003C\u002Ftd>\u003Ctd>18.384\u003C\u002Ftd>\u003Ctd>20.232\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas Total\u003C\u002Ftd>\u003Ctd>0,101\u003C\u002Ftd>\u003Ctd>4.996\u003C\u002Ftd>\u003Ctd>47.153\u003C\u002Ftd>\u003Ctd>47.153\u003C\u002Ftd>\u003Ctd>71.499\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Imobiliária\u003C\u002Ftd>\u003Ctd>(0,025)\u003C\u002Ftd>\u003Ctd>(1.230)\u003C\u002Ftd>\u003Ctd>(2.480)\u003C\u002Ftd>\u003Ctd>(2.480)\u003C\u002Ftd>\u003Ctd>(2.660)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Financeiras\u003C\u002Ftd>\u003Ctd>(0,012)\u003C\u002Ftd>\u003Ctd>(600)\u003C\u002Ftd>\u003Ctd>(3.871)\u003C\u002Ftd>\u003Ctd>(3.871)\u003C\u002Ftd>\u003Ctd>(7.623)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Operacionais\u003C\u002Ftd>\u003Ctd>(0,001)\u003C\u002Ftd>\u003Ctd>(64)\u003C\u002Ftd>\u003Ctd>(511)\u003C\u002Ftd>\u003Ctd>(511)\u003C\u002Ftd>\u003Ctd>(1.155)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxas de Gestão, Administração e Escrituração\u003C\u002Ftd>\u003Ctd>(0,007)\u003C\u002Ftd>\u003Ctd>(371)\u003C\u002Ftd>\u003Ctd>(2.398)\u003C\u002Ftd>\u003Ctd>(2.398)\u003C\u002Ftd>\u003Ctd>(4.504)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Total\u003C\u002Ftd>\u003Ctd>(0,046)\u003C\u002Ftd>\u003Ctd>(2.265)\u003C\u002Ftd>\u003Ctd>(9.260)\u003C\u002Ftd>\u003Ctd>(9.260)\u003C\u002Ftd>\u003Ctd>(15.942)\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Resultado\u003C\u002Fth>\u003Cth>0,055\u003C\u002Fth>\u003Cth>2.731\u003C\u002Fth>\u003Cth>37.894\u003C\u002Fth>\u003Cth>37.894\u003C\u002Fth>\u003Cth>55.424\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Resultado Acumulado Não distribuído Inicial\u003C\u002Ftd>\u003Ctd>0,118\u003C\u002Ftd>\u003Ctd>5.831\u003C\u002Ftd>\u003Ctd>637\u003C\u002Ftd>\u003Ctd>637\u003C\u002Ftd>\u003Ctd>7.875\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Gerado\u003C\u002Ftd>\u003Ctd>0,055\u003C\u002Ftd>\u003Ctd>2.731\u003C\u002Ftd>\u003Ctd>37.894\u003C\u002Ftd>\u003Ctd>37.894\u003C\u002Ftd>\u003Ctd>59.832\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Total - Rendimentos Divulgados\u003C\u002Ftd>\u003Ctd>(0,125)\u003C\u002Ftd>\u003Ctd>(6.499)\u003C\u002Ftd>\u003Ctd>(36.171)\u003C\u002Ftd>\u003Ctd>(36.171)\u003C\u002Ftd>\u003Ctd>(57.846)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Acumulado Não Distribuído Final\u003C\u002Ftd>\u003Ctd>0,048\u003C\u002Ftd>\u003Ctd>2.360\u003C\u002Ftd>\u003Ctd>2.360\u003C\u002Ftd>\u003Ctd>2.360\u003C\u002Ftd>\u003Ctd>2.360\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>COMPOSI ÃO DA CARTEIRA DO F NDO¹\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_8_chart_7.jpg\">\u003C\u002Fp>\u003Cp>¹ C i ã B 30\u002F05\u002F2026\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_9_chart_3.jpg\">\u003C\u002Fp>\u003Cp>FLUXO DE AQUISIÇÕES E VENDAS\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Valor\u003C\u002Fth>\u003Cth>Forma de\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>Parcela\u003C\u002Ftd>\u003Ctd>(R$ milhões)\u003C\u002Ftd>\u003Ctd>Pagamento\u003C\u002Ftd>\u003Ctd>Data\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ed. Brigadeiro Faria Lima\u003C\u002Ftd>\u003Ctd>Aquisição\u003C\u002Ftd>\u003Ctd>- 2,5\u003C\u002Ftd>\u003Ctd>Dinheiro\u003C\u002Ftd>\u003Ctd>set - 26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ed. Brigadeiro Faria Lima\u003C\u002Ftd>\u003Ctd>Aquisição\u003C\u002Ftd>\u003Ctd>- 1,3\u003C\u002Ftd>\u003Ctd>Dinheiro\u003C\u002Ftd>\u003Ctd>mar - 27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ed. Top Center\u003C\u002Ftd>\u003Ctd>Aquisição\u003C\u002Ftd>\u003Ctd>- 62,2\u003C\u002Ftd>\u003Ctd>Cotas\u003C\u002Ftd>\u003Ctd>jul - 27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ed. Brigadeiro Faria Lima\u003C\u002Ftd>\u003Ctd>Aquisição\u003C\u002Ftd>\u003Ctd>- 3,8\u003C\u002Ftd>\u003Ctd>Dinheiro\u003C\u002Ftd>\u003Ctd>set - 27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ed. Top Center\u003C\u002Ftd>\u003Ctd>Aquisição\u003C\u002Ftd>\u003Ctd>- 29,5\u003C\u002Ftd>\u003Ctd>Dinheiro\u003C\u002Ftd>\u003Ctd>dez - 27\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Não estão sendo consideradas as correções previstas nos recebimentos e pagamentos .\u003C\u002Fp>\u003Cp>A õ i di F d i id d fi i h i t l t i té Agosto de 2027 , sem a necessidade de novas emissões de cotas ou desinvestimento de ativos . Durante esse í d , G tã li d li ã d i ã i d ã t i i l, ibilit d a captação de recursos em um momento mais oportuno . Adicionalmente, parte dos ativos do portfólio já se encontra em estágio de maturação, o que pode viabilizar desinvestimentos estratégicos com geração de caixa para o Fundo .\u003C\u002Fp>\u003Cp>A G tã d t i õ b d fl d i d d t li ã d i , i ã projeções de rendimento e ajustes nos saldos projetados dos passivos do Fundo . Ressalta - se ainda que os valores apresentados referem - se exclusivamente à posição de caixa líquida, desconsiderando ativos ilíquidos, como cotas d f d i biliá i . P fi , õ d ã d l d , f d ã d t té i ê i d t l t\u003C\u002Fp>\u003Cp>\u003Cstrong>CARTEIRA DE ATIVOS E LOCALIZAÇÃO\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Ed. Passarelli\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Ed. B i d i F i Li\u003C\u002Fp>\u003Cp>Ed. T C t\u003C\u002Fp>\u003Cp>\u003Cstrong>Ed.GPA\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>O P tf li d TEPP11 tá \u003Cstrong>100% localizado nas principais regiões corporativas de\u003C\u002Fstrong> Sã P l\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Classe do Ativo\u003C\u002Fth>\u003Cth>ABL do Fundo (m²)\u003C\u002Fth>\u003Cth>Vacância Física\u003C\u002Fth>\u003Cth>Vacância Financeira\u003C\u002Fth>\u003Cth>Participação no Portfolio\u003C\u002Fth>\u003Cth>Nº de Locatários\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Torre Sul\u003C\u002Ftd>\u003Ctd>A\u003C\u002Ftd>\u003Ctd>9.950\u003C\u002Ftd>\u003Ctd>5,5%\u003C\u002Ftd>\u003Ctd>0,90%\u003C\u002Ftd>\u003Ctd>18,6%\u003C\u002Ftd>\u003Ctd>10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Passarelli\u003C\u002Ftd>\u003Ctd>B\u003C\u002Ftd>\u003Ctd>7.130\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>10,01%\u003C\u002Ftd>\u003Ctd>12,7%\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fujitsu\u003C\u002Ftd>\u003Ctd>B\u003C\u002Ftd>\u003Ctd>4.985\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>8,3%\u003C\u002Ftd>\u003Ctd>3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Brigadeiro Faria Lima\u003C\u002Ftd>\u003Ctd>B\u003C\u002Ftd>\u003Ctd>5.761\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>16,4%\u003C\u002Ftd>\u003Ctd>2\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GPA\u003C\u002Ftd>\u003Ctd>B\u003C\u002Ftd>\u003Ctd>11.224\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>17,6%\u003C\u002Ftd>\u003Ctd>1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Top Center\u003C\u002Ftd>\u003Ctd>B\u003C\u002Ftd>\u003Ctd>13.463\u003C\u002Ftd>\u003Ctd>18,2%\u003C\u002Ftd>\u003Ctd>4,05%\u003C\u002Ftd>\u003Ctd>26,4%\u003C\u002Ftd>\u003Ctd>18\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>52.514\u003C\u002Ftd>\u003Ctd>5,69%\u003C\u002Ftd>\u003Ctd>2,67%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>47\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>RECEITA POR ATIVO (C i )\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_11_chart_4.jpg\">\u003C\u002Fp>\u003Cp>ÍNDICE DE REAJUSTE DOS CONTRATOS\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_11_chart_6.jpg\">\u003C\u002Fp>\u003Cp>WAULT POR ATIVO (Anos)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_11_chart_8.jpg\">\u003C\u002Fp>\u003Cp>RECEITA POR SETOR DE ATIVIDADE DO IN UILINO\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_11_chart_10.jpg\">\u003C\u002Fp>\u003Cp>MÊS DE REAJUSTE (% Receita de Aluguel)¹\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_12_chart_4.jpg\">\u003C\u002Fp>\u003Cp>VENCIMENTOS (% Receita de Aluguel)¹\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_12_chart_6.jpg\">\u003C\u002Fp>\u003Cp>VACÂNCIA FÍSICA E FINANCEIRA\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_12_chart_8.jpg\">\u003C\u002Fp>\u003Cp>DISPERSÃO DE REVISIONAIS (Nº de contratos)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_12_chart_10.jpg\">\u003C\u002Fp>\u003Ch3>PASSIVO FINANCEIRO CONTRATADO\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>CRI FUJITSU\u003C\u002Fth>\u003Cth>CRI GPA\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Data de emissão\u003C\u002Ftd>\u003Ctd>jun\u002F21\u003C\u002Ftd>\u003Ctd>dez\u002F24\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento\u003C\u002Ftd>\u003Ctd>jun\u002F33\u003C\u002Ftd>\u003Ctd>dez\u002F34\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Indexador\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Juros (a.a.)\u003C\u002Ftd>\u003Ctd>6,00%\u003C\u002Ftd>\u003Ctd>8,17%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Periodicidade\u003C\u002Ftd>\u003Ctd>Mensal\u003C\u002Ftd>\u003Ctd>Mensal\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Volume na data de emissão (R$)\u003C\u002Ftd>\u003Ctd>24.750.000\u003C\u002Ftd>\u003Ctd>62.000.000\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor atualizado\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(data do pagamento de juros)\u003C\u002Ftd>\u003Ctd>34.599.290\u003C\u002Ftd>\u003Ctd>67.587.028\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início da amortização\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>jan\u002F27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Nº de parcelas de amortização\u003C\u002Ftd>\u003Ctd>84\u003C\u002Ftd>\u003Ctd>96\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>EVOLUÇÃO DA ALAVANCAGEM FINANCEIRA DO FUNDO (% PL)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_13_chart_6.jpg\">\u003C\u002Fp>\u003Cp>CRONOGRAMA DE AMORTIZAÇÃO DAS DÍVIDAS (R$ Milhões)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_13_chart_8.jpg\">\u003C\u002Fp>\u003Ch3>NEGOCIA ÃO DAS COTAS DO FUNDO NA B3¹\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>INFORMAÇÕES DA B3\u003C\u002Fth>\u003Cth>Jul\u002F26\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Valor de Mercado (R$ mil)\u003C\u002Ftd>\u003Ctd>395.447\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Número de Cotistas\u003C\u002Ftd>\u003Ctd>44.743\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Presença Diária em Pregões\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Volume Diário Médio Negociado (R$ mil)\u003C\u002Ftd>\u003Ctd>1.197\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Giro (% de cotas negociadas no mês)\u003C\u002Ftd>\u003Ctd>8%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>COTA ÃO HISTÓRICA E VOLUME NEGOCIADO¹\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_14_chart_6.jpg\">\u003C\u002Fp>\u003Ch3>EVOLUÇÃO DA BASE DE COTISTAS\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_14_chart_8.jpg\">\u003C\u002Fp>\u003Ch3>P\u002FVP HISTÓRICO\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_14_chart_10.jpg\">\u003C\u002Fp>\u003Cp>P\u002FVP Média Desv Pad (-) Desv Pad (+)\u003C\u002Fp>\u003Cp>\u003Cstrong>RENTABILIDADE HISTÓRICA\u003C\u002Fstrong>\u003C\u002Fp>\u003Ctable>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>2019\u003C\u002Ftd>\u003Ctd>2020\u003C\u002Ftd>\u003Ctd>2021\u003C\u002Ftd>\u003Ctd>2022\u003C\u002Ftd>\u003Ctd>2023\u003C\u002Ftd>\u003Ctd>2024\u003C\u002Ftd>\u003Ctd>2025\u003C\u002Ftd>\u003Ctd>2026\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Janeiro\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,055\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,047\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,064\u003C\u002Ftd>\u003Ctd>0,080\u003C\u002Ftd>\u003Ctd>0,075\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fevereiro\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,056\u003C\u002Ftd>\u003Ctd>0,045\u003C\u002Ftd>\u003Ctd>0,047\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,064\u003C\u002Ftd>\u003Ctd>0,095\u003C\u002Ftd>\u003Ctd>0,075\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Março\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,045\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,051\u003C\u002Ftd>\u003Ctd>0,100\u003C\u002Ftd>\u003Ctd>0,095\u003C\u002Ftd>\u003Ctd>0,080\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Abril\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,045\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,052\u003C\u002Ftd>\u003Ctd>0,105\u003C\u002Ftd>\u003Ctd>0,095\u003C\u002Ftd>\u003Ctd>0,131\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Maio\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,045\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,055\u003C\u002Ftd>\u003Ctd>0,118\u003C\u002Ftd>\u003Ctd>0,095\u003C\u002Ftd>\u003Ctd>0,131\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Junho\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,042\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,081\u003C\u002Ftd>\u003Ctd>0,118\u003C\u002Ftd>\u003Ctd>0,110\u003C\u002Ftd>\u003Ctd>0,131\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Julho\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,052\u003C\u002Ftd>\u003Ctd>0,038\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,058\u003C\u002Ftd>\u003Ctd>0,078\u003C\u002Ftd>\u003Ctd>0,091\u003C\u002Ftd>\u003Ctd>0,131\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Agosto\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,045\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,058\u003C\u002Ftd>\u003Ctd>0,078\u003C\u002Ftd>\u003Ctd>0,074\u003C\u002Ftd>\u003Ctd>0,125\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Setembro\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,048\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,058\u003C\u002Ftd>\u003Ctd>0,078\u003C\u002Ftd>\u003Ctd>0,074\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outubro\u003C\u002Ftd>\u003Ctd>0,027\u003C\u002Ftd>\u003Ctd>0,047\u003C\u002Ftd>\u003Ctd>0,048\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,064\u003C\u002Ftd>\u003Ctd>0,078\u003C\u002Ftd>\u003Ctd>0,074\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Novembro\u003C\u002Ftd>\u003Ctd>0,034\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,048\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>0,064\u003C\u002Ftd>\u003Ctd>0,078\u003C\u002Ftd>\u003Ctd>0,074\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dezembro\u003C\u002Ftd>\u003Ctd>0,055\u003C\u002Ftd>\u003Ctd>0,052\u003C\u002Ftd>\u003Ctd>0,051\u003C\u002Ftd>\u003Ctd>0,051\u003C\u002Ftd>\u003Ctd>0,090\u003C\u002Ftd>\u003Ctd>0,078\u003C\u002Ftd>\u003Ctd>0,075\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total\u003C\u002Ftd>\u003Ctd>0,116\u003C\u002Ftd>\u003Ctd>0,610\u003C\u002Ftd>\u003Ctd>0,550\u003C\u002Ftd>\u003Ctd>0,590\u003C\u002Ftd>\u003Ctd>0,730\u003C\u002Ftd>\u003Ctd>1,037\u003C\u002Ftd>\u003Ctd>1,032\u003C\u002Ftd>\u003Ctd>0,879\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Média\u003C\u002Ftd>\u003Ctd>0,029\u003C\u002Ftd>\u003Ctd>0,051\u003C\u002Ftd>\u003Ctd>0,046\u003C\u002Ftd>\u003Ctd>0,049\u003C\u002Ftd>\u003Ctd>0,061\u003C\u002Ftd>\u003Ctd>0,086\u003C\u002Ftd>\u003Ctd>0,086\u003C\u002Ftd>\u003Ctd>0,110\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd colspan=\"8\">\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"8\">CAGR = 21,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>¹ Fonte: Broadcast\u003C\u002Fp>\u003Cp>HISTÓRICO DE RENDIMENTOS\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>JAN\u003C\u002Fth>\u003Cth>FEV\u003C\u002Fth>\u003Cth>MAR\u003C\u002Fth>\u003Cth>ABR\u003C\u002Fth>\u003Cth>MAI\u003C\u002Fth>\u003Cth>JUN\u003C\u002Fth>\u003Cth>JUL\u003C\u002Fth>\u003Cth>AGO\u003C\u002Fth>\u003Cth>SET\u003C\u002Fth>\u003Cth>OUT\u003C\u002Fth>\u003Cth>NOV\u003C\u002Fth>\u003Cth>DEZ\u003C\u002Fth>\u003Cth>ANO\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>TEPP11\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>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>-0,6%\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003Ctd>11,1%\u003C\u002Ftd>\u003Ctd>12,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2019\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\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>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003Ctd>15,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>-2,7%\u003C\u002Ftd>\u003Ctd>-7,3%\u003C\u002Ftd>\u003Ctd>-9,2%\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003Ctd>-4,8%\u003C\u002Ftd>\u003Ctd>8,5%\u003C\u002Ftd>\u003Ctd>-1,6%\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>-2,2%\u003C\u002Ftd>\u003Ctd>-2,1%\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>3,8%\u003C\u002Ftd>\u003Ctd>- 12,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2020\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>-3,8%\u003C\u002Ftd>\u003Ctd>-3,7%\u003C\u002Ftd>\u003Ctd>-15,9%\u003C\u002Ftd>\u003Ctd>4,4%\u003C\u002Ftd>\u003Ctd>2,1%\u003C\u002Ftd>\u003Ctd>5,6%\u003C\u002Ftd>\u003Ctd>-2,6%\u003C\u002Ftd>\u003Ctd>1,8%\u003C\u002Ftd>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>-1,0%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003Ctd>- 10,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>-1,0%\u003C\u002Ftd>\u003Ctd>-1,7%\u003C\u002Ftd>\u003Ctd>-2,4%\u003C\u002Ftd>\u003Ctd>-1,6%\u003C\u002Ftd>\u003Ctd>-5,1%\u003C\u002Ftd>\u003Ctd>-0,7%\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>-10,5%\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003Ctd>-4,6%\u003C\u002Ftd>\u003Ctd>-5,3%\u003C\u002Ftd>\u003Ctd>14,8%\u003C\u002Ftd>\u003Ctd>- 12,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2021\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>0,8%\u003C\u002Ftd>\u003Ctd>-0,2%\u003C\u002Ftd>\u003Ctd>-1,4%\u003C\u002Ftd>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>-1,6%\u003C\u002Ftd>\u003Ctd>-2,2%\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>-2,6%\u003C\u002Ftd>\u003Ctd>-1,2%\u003C\u002Ftd>\u003Ctd>-1,5%\u003C\u002Ftd>\u003Ctd>-3,6%\u003C\u002Ftd>\u003Ctd>8,8%\u003C\u002Ftd>\u003Ctd>- 2,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>-1,7%\u003C\u002Ftd>\u003Ctd>-2,1%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>-0,1%\u003C\u002Ftd>\u003Ctd>-2,0%\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>15,3%\u003C\u002Ftd>\u003Ctd>3,3%\u003C\u002Ftd>\u003Ctd>-2,6%\u003C\u002Ftd>\u003Ctd>-8,0%\u003C\u002Ftd>\u003Ctd>-10,1%\u003C\u002Ftd>\u003Ctd>- 3,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2022\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>-1,0%\u003C\u002Ftd>\u003Ctd>-1,3%\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>-0,9%\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>5,8%\u003C\u002Ftd>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>-4,2%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>3,7%\u003C\u002Ftd>\u003Ctd>-2,2%\u003C\u002Ftd>\u003Ctd>-0,1%\u003C\u002Ftd>\u003Ctd>11,3%\u003C\u002Ftd>\u003Ctd>10,8%\u003C\u002Ftd>\u003Ctd>9,8%\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003Ctd>4,2%\u003C\u002Ftd>\u003Ctd>-1,2%\u003C\u002Ftd>\u003Ctd>4,1%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>48,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2023\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>-1,6%\u003C\u002Ftd>\u003Ctd>-0,5%\u003C\u002Ftd>\u003Ctd>-1,7%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>5,4%\u003C\u002Ftd>\u003Ctd>4,7%\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>-2,0%\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>4,3%\u003C\u002Ftd>\u003Ctd>15,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>5,7%\u003C\u002Ftd>\u003Ctd>-1,5%\u003C\u002Ftd>\u003Ctd>1,6%\u003C\u002Ftd>\u003Ctd>-2,4%\u003C\u002Ftd>\u003Ctd>-0,6%\u003C\u002Ftd>\u003Ctd>-0,4%\u003C\u002Ftd>\u003Ctd>-1,3%\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>-4,5%\u003C\u002Ftd>\u003Ctd>-2,1%\u003C\u002Ftd>\u003Ctd>- 1,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2024\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>0,8%\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>-0,8%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>-1,0%\u003C\u002Ftd>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>-2,6%\u003C\u002Ftd>\u003Ctd>-3,1%\u003C\u002Ftd>\u003Ctd>-2,1%\u003C\u002Ftd>\u003Ctd>-0,7%\u003C\u002Ftd>\u003Ctd>- 5,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>-4,9%\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>5,8%\u003C\u002Ftd>\u003Ctd>6,1%\u003C\u002Ftd>\u003Ctd>-4,4%\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003Ctd>-1,4%\u003C\u002Ftd>\u003Ctd>-2,3%\u003C\u002Ftd>\u003Ctd>5,8%\u003C\u002Ftd>\u003Ctd>-2,6%\u003C\u002Ftd>\u003Ctd>6,2%\u003C\u002Ftd>\u003Ctd>2,1%\u003C\u002Ftd>\u003Ctd>18,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2025\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>-3,1%\u003C\u002Ftd>\u003Ctd>3,3%\u003C\u002Ftd>\u003Ctd>6,1%\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>-1,4%\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>3,3%\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>1,9%\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003Ctd>21,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>1,6%\u003C\u002Ftd>\u003Ctd>7,0%\u003C\u002Ftd>\u003Ctd>-1,0%\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>-2,5%\u003C\u002Ftd>\u003Ctd>-5,4%\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2026\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>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003Ctd>-1,1%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>-1,3%\u003C\u002Ftd>\u003Ctd>-1,2%\u003C\u002Ftd>\u003Ctd>-0,3%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>IPO Tellus Properties (TEPP11)\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A i i ã Ed. C d. Sã L i R$145M (R$ 12.833\u002Fm²)\u003C\u002Fp>\u003Cp>A i i ã Ed. P lli R$63,42M (R$8.895\u002Fm²)\u003C\u002Fp>\u003Cp>A i i ã Ed. C d. Sã L i R$26,5M (R$ 14.100\u002Fm²)\u003C\u002Fp>\u003Cp>\u003Cstrong>Aquisição Ed. Torre Sul\u003C\u002Fstrong> R$115M (R$11.176\u002Fm²)\u003C\u002Fp>\u003Cp>A i i ã Ed. F i R$50M (R$ 10.030\u002Fm²)\u003C\u002Fp>\u003Cp>V d Ed. C d. Sã L i R$215,0M (R$ 16.314\u002Fm²) \u003Cstrong>Ganho de Capital: R$39.8M\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Aquisição Ed. Brigadeiro Faria Lima\u003C\u002Fstrong> R$95.0M (R$ 19.969\u002F ²\u003C\u002Fp>\u003Cp>A i i ã Ed. GPA R$109,0M (R$ 9.710\u002F ²\u003C\u002Fp>\u003Cp>\u003Cstrong>2019\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>2020\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>2021\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>2023\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>2024\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>2025\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A i i ã Ed. Ti b úb R$26.5M (R$ 11.313\u002F ²\u003C\u002Fp>\u003Cp>V d Ed. Ti b úb R$30.6M (R$ 13.072\u002Fm²) \u003Cstrong>Ganho de Capital: R$1.8M\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A i i ã Ed. B i d i F i Li R$12.6M (R$ 12.562\u002F ²)\u003C\u002Fp>\u003Cp>\u003Cstrong>Aquisição Ed. Top Center\u003C\u002Fstrong> R$167,4M (R$ 12.435\u002F ²\u003C\u002Fp>\u003Cp>Fundada em dezembro de 2007 , a TELLUS é uma gestora de investimentos independente, com foco 100 % em investimentos imobiliários . Contamos com uma equipe multidisciplinar, com experiência em originação, estruturação, aquisição, desenvolvimento e gestão de i ti t i biliá i\u003C\u002Fp>\u003Cp>O propósito da TELLUS é melhorar com soluções inteligentes a vida de todos os envolvidos em nossos investimentos imobiliários .\u003C\u002Fp>\u003Cp>Ativos sob Gestão (R$\u002F bi)¹\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_17_chart_5.jpg\">\u003C\u002Fp>\u003Cp>Investimentos por segmento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_17_chart_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_17_image_8.jpg\">\u003C\u002Fp>\u003Cp>F d d P i E i (TREI II TREI VII\u003C\u002Fp>\u003Cp>Fundos Listados (FIIs)\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>R$ 640,99 MM\u003C\u002Fth>\u003Cth>TRBL11: Ativos Logísticos e Industriais em SP,\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>(67%)\u003C\u002Ftd>\u003Ctd>BA e MG.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 474,01 MM\u003C\u002Ftd>\u003Ctd>TEPP11: Ativos Corporativos em São\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RR$$ 6 5,,057765 Desenvolvimento de projetos corporativos , de\u003C\u002Ftd>\u003Ctd>Paulo.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>b biillhhõõeess healthcare, residenciais , logísticos e de uso misto, com\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>foco preferencial no mercado de São Paulo . R$ 31,52 MM\u003C\u002Ftd>\u003Ctd>TELM11: Fundo Multiestratégia .\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 49,75 MM\u003C\u002Ftd>\u003Ctd>EDFO11: Fundo Ed. Ourinvest .\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Foto : JK Square Itaim .\u003C\u002Fp>\u003Cp>Ativo mixed - use desenvolvido e entregue em 2024 no veículo de Private Equity TREI III\u003C\u002Fp>\u003Cp>¹ Fonte TELLUS: Dados de AUM com base nos laudos de avaliação de 2025, AUM 2025 base Dez - 25\u003C\u002Fp>\u003Ch3>C i S t tá l\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11359\u002Fpage_18_image_3.jpg\">\u003C\u002Fp>\u003Cp>A Tellus se tornou signatária do PRI (Principles for Responsible \u002Fnvestiments) em 2021, refletindo o comprometimento da gestora em engajar e compreender as implicacões do investimento, sobre temas ambientais, sociais e de governança (ASG) . Os ativos da Tellus incorporam um conjunto de princípios, valores, propósitos e diretrizes que norteiam a gestão de seus i ti t . A T ll t d ti id d d tã d d t i , id ã d t ASG (A bi t l, S i l d G ) d i õ d i ti t contribui para melhor gerenciar riscos e explorar novas gerações de valores para os clientes e a sociedade em geral . O PRI é uma iniciativa de investidores em parceria com a Iniciativa Financeira do Programa da ONU para o Meio-Ambiente (UNEP FIl) e o Pacto Global da ONU, que trabalha em conjunto com sua rede internacional de signatários para colocar em prática os seis i í i i á l . b i d i í i é d i li õ d i i b bi i , i i d , lé d f suporte para os signatários na integração desses temas com suas decisões de investimento e propriedade de ativos . Além disso, a gestora também incorpora aspectos relevantes do investimento responsável como parte de seu dever fiduciário .\u003C\u002Fp>\u003Cp>A T ll li li õ ASG ti i t , iti d i ã i l d i t id d t . A li ã ASG d T ll , é l consideração a abordagem análise de integração e best - in - class .\u003C\u002Fp>\u003Cp>▪ ál , l á ál . ll l ál é l processo caso seja identificado algum passivo como, por exemplo, contaminação do solo, a Tellus se compromete em realizar a mitigação desses passivos .\u003C\u002Fp>\u003Cp>As análises best - in - class , são realizadas a partir do Score ESG TELLUS, onde são considerados critérios ESG e financeiros, no qual são avaliados o desempenho em relação a filtros ambientais, sociais e de governança de cada ativo . A Tellus possui abordagens específicas para novas construções, grandes reformas e ativos consolidados, após esses ativos passarem por esses filtros, recebem uma nota final que possui uma categorização de aderência .\u003C\u002Fp>\u003Ch3>Aviso Legal\u003C\u002Fh3>\u003Cp>Leia o Regulamento e o Prospecto antes de investir, em especial a seção fatores de risco . Termos e definições no Glossário .\u003C\u002Fp>\u003Cp>E t t i l f i d b i f õ úbli , d d d l id i t t t f t t . A TELLUS ã t id d i t id d d i f õ d d d , t t t li d i õ . E t t i l apresenta projeções de retorno, análises e cenários feitos com base em determinadas premissas . Ainda que a TELLUS Investimentos dit i á i f tí i , ã d i álid di õ d d futuro ou, ainda, que todos os fatores relevantes tenham sido considerados na determinação dessas projeções, análises e cenários .\u003C\u002Fp>\u003Ch3>I f õ Adi i i\u003C\u002Fh3>\u003Cp>Projeções não significam retornos futuros. Os retornos projetados, as análises, os cenários e as premissas se baseiam nas condições de mercado e em cenários econômicos correntes e passados, que podem variar significativamente no futuro. As análises aqui apresentadas ã t d t t d i f õ l t , d f , t i ã li it d d d . A TELLUS ã responsabiliza por danos oriundos de erros, omissões ou alterações nos fatores de mercado. A rentabilidade obtida no passado não representa garantia de rentabilidade futura . É vedada a cópia, distribuição ou reprodução total ou parcial deste material sem a prévia e dâ i d TELLUS\u003C\u002Fp>\u003Cp>TEPP11\u003C\u002Fp>\u003Cp>T ll I ti t\u003C\u002Fp>\u003Cp>\u003Cstrong>Contato e Mídias\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Email: ri@tellus.com.br\u003C\u002Fp>\u003Cp>Clique aqui ou escolha os ícones abaixo:\u003C\u002Fp>\u003Cp>▪ \u003Cstrong>Área BOMA :\u003C\u002Fstrong> Metodologia adotada pela da associação norte americana Bulding Owners and Managers Association . A área BOMA considera a soma da área privativa e o rateio de áreas comuns, excluindo escadas, fosso de elevador e áreas técnicas .\u003C\u002Fp>\u003Cp>▪ \u003Cstrong>Vacância financeira :\u003C\u002Fstrong> considera apenas carência e desconto dos contratos vigentes em relação à receita potencial .\u003C\u002Fp>\u003Cp>▪ \u003Cstrong>Wault (Weighted Average of Unexpired Lease Term ):\u003C\u002Fstrong> Prazo médio ponderado dos contratos de locação vigentes pela receita contratada .\u003C\u002Fp>\u003Cp>▪ \u003Cstrong>Cap Rate :\u003C\u002Fstrong> Taxa de capitalização do imóvel\u003C\u002Fp>\u003Ch3>Obrigado !\u003C\u002Fh3>\u003Cp>(11) 4280 - 4314 | ri @tellus.com.br\u003C\u002Fp>\u003Cp>Av. Brigadeiro de Faria Lima, 2 179 10º andar I São Paulo – SP 01452 - 001\u003C\u002Fp>\u003Cp>TELLUS.COM.BR\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FTEPP11\u002Fdocumentos\u002F11359\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1306307","2026-07-31","2026-08-31 19:49:00",2,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":89},"Relatório Gerencial TEPP11 de julho de 2026 | Kartac","Relatório Gerencial de julho de 2026 do TEPP11 (Tellus Properties), entrega em 31\u002F08\u002F2026. DY 12 meses de 17,29% e P\u002FVP 0,70 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTEPP11\u002Fdocumentos\u002F11359","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,60,75],{"@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\u002FTEPP11\u002Fdocumentos\u002F11359#pagina",{"@id":32},"2026-10-31",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTEPP11\u002Fdocumentos\u002F11359#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTEPP11\u002Fdocumentos\u002F11359#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":49,"version":50,"dateModified":49,"temporalCoverage":51,"author":52,"publisher":58,"isBasedOn":12},"Report","Relatório Gerencial TEPP11 de julho de 2026",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTEPP11#fundo","2026-08-31","2","2026-07",{"@type":25,"name":53,"identifier":54},"TELLUS INVESTIMENTOS E CONSULTORIA LTDA",{"@type":55,"propertyID":56,"value":57},"PropertyValue","CNPJ","25.287.778\u002F0001-54",{"@type":25,"name":59},"BTG PACTUAL SERVICOS FINANCEIROS S.A. DISTRIBUIDOR",{"@type":61,"@id":48,"name":62,"alternateName":63,"url":66,"category":67,"identifier":68,"provider":73},"InvestmentFund","Tellus Properties",[64,65],"TEPP11","TELLUS PROPERTIES - FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTEPP11","Tijolo",[69,71],{"@type":55,"propertyID":70,"value":64},"Ticker B3",{"@type":55,"propertyID":56,"value":72},"26.681.370\u002F0001-25",{"@type":25,"name":53,"identifier":74},{"@type":55,"propertyID":56,"value":57},{"@type":76,"@id":43,"itemListElement":77},"BreadcrumbList",[78,82,85,87],{"@type":79,"position":80,"name":81,"item":28},"ListItem",1,"Início",{"@type":79,"position":15,"name":83,"item":84},"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":79,"position":86,"name":64,"item":66},3,{"@type":79,"position":88,"name":5,"item":19},4,{"atualizado_em":90,"frases":91},"2026-11-05",[92,93,94,95,96],"Relatório Gerencial do Tellus Properties (TEPP11), fundo imobiliário de tijolo, referente a julho de 2026, com entrega no FundosNet (B3) em 31\u002F08\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do TEPP11 fechou a R$ 6,69, com P\u002FVP de 0,70 (valor patrimonial de R$ 9,53 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,068 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 17,29% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 512,3 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":98,"empresa":99,"gestor":103,"cotacoes":108,"patrimonio":216,"vpa":217,"p_vpa":218,"tipo_gestao":219,"mandato":220,"segmento":221,"categoria":67,"grupo":67,"preco_atual":214,"cotacao_atualizada_em":222,"ultima_variacao_cotacao_24h":223,"variacao_cotacao_7d":224,"variacao_cotacao_1m":225,"variacao_cotacao_3m":226,"variacao_cotacao_6m":227,"variacao_cotacao_12m":228,"vacancia_fisica":229,"liquidez_atual":230,"ultimo_dividendo":231,"ultimo_dividend_yield":232,"mes_pagamento_ultimo_dividendo":233,"dividend_yield_3m":234,"dividend_yield_6m":235,"dividend_yield_12m":236,"dividend_yield_medio_12m":237,"qtd_dividendos_pagos_ano_passado":238,"data_ultima_cotacao":212,"pregoes_com_negocio_21":239,"alertas":240,"updated_at":241,"liquidez_media_reais":242,"administrador":59,"taxa_administracao_paga":243,"balanco":244,"resultado_distribuido":252,"publico_alvo":255,"mercados_negociacao_cotas":256,"data_funcionamento":258,"data_final":220,"quantidade_cotas":259,"quantidade_cotistas":260,"detalhes_cotistas":261,"total_investido":267,"investimentos_fundo":268,"imoveis":271,"contratos":361,"custodiante":415,"auditor_independente":422,"formador_mercado":220,"distribuidor_cotas":220,"consultor_especializado":220,"administrador_locacoes":220,"relatorio_anual":429,"analise_administrador":432},667,{"nome":65,"nome_simplificado":100,"nome_comercial":62,"ticker":64,"nome_ticker":101,"nome_pregao":102,"cnpj":72},"TELLUS PROPERTIES    RESPONSABILIDADE LIMITADA","TEPP11 - TELLUS PROPERTIES - FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","FII TEL PROP",{"id":80,"nome":53,"cnpj":104,"endereco":105,"telefone":106,"created_at":107,"updated_at":107},"25287778000154","Avenida Brigadeiro Faria Lima, n° 2055, 4º andar, conjunto 42, São Paulo \u002FSP","(11) 4280-4300","2026-06-07T17:17:20.000000Z",[109,115,121,127,132,138,142,147,151,155,160,165,170,175,181,187,192,198,204,210],{"id":110,"data":111,"abertura":112,"ultimo":113,"volume":114},3288943,"2026-10-06",7.45,7.53,619548,{"id":116,"data":117,"abertura":118,"ultimo":119,"volume":120},3289545,"2026-10-07",7.68,7.6,387065,{"id":122,"data":123,"abertura":124,"ultimo":125,"volume":126},3290217,"2026-10-08",7.65,7.66,365378,{"id":128,"data":129,"abertura":125,"ultimo":130,"volume":131},3291155,"2026-10-09",7.77,254810,{"id":133,"data":134,"abertura":135,"ultimo":136,"volume":137},3357294,"2026-10-13",7.81,7.7,291934,{"id":139,"data":140,"abertura":136,"ultimo":125,"volume":141},3375724,"2026-10-14",154841,{"id":143,"data":144,"abertura":125,"ultimo":145,"volume":146},3376269,"2026-10-15",7.59,443442,{"id":148,"data":149,"abertura":125,"ultimo":124,"volume":150},3377234,"2026-10-16",521661,{"id":152,"data":153,"abertura":125,"ultimo":136,"volume":154},3444923,"2026-10-19",185053,{"id":156,"data":157,"abertura":136,"ultimo":158,"volume":159},3446572,"2026-10-20",7.75,233867,{"id":161,"data":162,"abertura":130,"ultimo":163,"volume":164},3459509,"2026-10-21",7.74,330666,{"id":166,"data":167,"abertura":130,"ultimo":168,"volume":169},3473560,"2026-10-22",7.79,280570,{"id":171,"data":172,"abertura":168,"ultimo":173,"volume":174},3488190,"2026-10-23",7.84,441814,{"id":176,"data":177,"abertura":178,"ultimo":179,"volume":180},3566108,"2026-10-26",7.19,7.03,855539,{"id":182,"data":183,"abertura":184,"ultimo":185,"volume":186},3580044,"2026-10-27",7.11,7.05,380464,{"id":188,"data":189,"abertura":190,"ultimo":179,"volume":191},3594165,"2026-10-28",7,386522,{"id":193,"data":194,"abertura":195,"ultimo":196,"volume":197},3609022,"2026-10-29",6.99,6.98,309128,{"id":199,"data":200,"abertura":201,"ultimo":202,"volume":203},3624750,"2026-10-30",6.95,6.91,192210,{"id":205,"data":206,"abertura":207,"ultimo":208,"volume":209},3682077,"2026-11-03",6.86,6.65,285358,{"id":211,"data":212,"abertura":213,"ultimo":214,"volume":215},3695700,"2026-11-04",6.7,6.69,163885,512304330.56,9.53,"0.70","Ativa",null,"Outros","2026-11-05 09:00","0.0060","-0.0415","-0.1116","-0.1300","-0.2328","-0.1775","0.30522",6873,"0.0680","0.0098","Nov\u002F2026","0.0305","0.0883","0.1729","0.0115",12,21,[],"05\u002F11\u002F2026 06:00",2621351.08,0.00801455663735798,{"data_referencia":245,"ativo":246,"passivo":247,"obrigacoes_imoveis":248,"obrigacoes_securitizacao":249,"liquidez":250,"valores_receber":251},"2026-09-01",710900705.93,198596375.37,99640459.57,95638604.66,14198085.49,61264538.35,{"data_referencia":253,"resultado":254,"rendimentos":254,"percentual":80},"2026-06-30",37893619.08,"Investidores em Geral",[257],"Bolsa","2019-09-23",53763691,46738,{"Pessoa Física":262,"Pessoa jurídica não financeira":263,"Fundos de investimento imobiliário":264,"Outros fundos de investimento":265,"Investidores não residentes":266,"Entidade aberta de previdência complementar":86,"Entidade fechada de previdência complementar":80,"SSociedade de capitalização e de arrendamento mercantil":80,"Outros tipos de cotistas não relacionados":80},46608,81,17,15,11,635438082.09,{"Imóveis para renda":269,"Cotas de FIIs":270},592356116.56,43081965.53,{"vacancia_total":272,"lista_imoveis":273,"data_referencia":253,"vacancia_suspeita":11},0.30522408490795905,[274,289,306,326,346,357],{"nome":275,"vacancia":276,"numero_unidades":277,"area":278,"endereco":279,"percentual_inadimplencia":276,"percentual_receitas":280,"inquilinos":281,"ocupacao":80},"Ed Faria Lima 1355",0,8,50000,"Avenida Brigadeiro Faria Lima, 1355, Sem Complemento, Jardim Paulistano, São Paulo\u002FSP, Brasil, 01452-002",0.11539282845285,[282,286],{"setor":283,"percentual_receita_imovel":284,"percentual_receita_fii":285},"Serviços Financeiros Diversos",0.14115732359639,0.01628854282662,{"setor":221,"percentual_receita_imovel":287,"percentual_receita_fii":288},0.85884267640361,0.09910428562623,{"nome":290,"vacancia":291,"numero_unidades":292,"area":293,"endereco":294,"percentual_inadimplencia":295,"percentual_receitas":296,"inquilinos":297,"ocupacao":305},"Edificio Torre Sul",0.7032635179668,198,32447,"Rua James Joule, 65, Sem Complemento, Cidade Monções, São Paulo\u002FSP, Brasil, 04576-080",0.06113775507902,0.10574130976667,[298,301],{"setor":221,"percentual_receita_imovel":299,"percentual_receita_fii":300},0.61482372963411,0.06501226644714,{"setor":302,"percentual_receita_imovel":303,"percentual_receita_fii":304},"Comércio",0.25941736670287,0.02743113213138,0.2967364820332,{"nome":307,"vacancia":308,"numero_unidades":309,"area":310,"endereco":311,"percentual_inadimplencia":312,"percentual_receitas":313,"inquilinos":314,"ocupacao":325},"Shopping Top Center",0.46656044461652,30,29805,"Avenida Paulista, 854, Sem Complemento, Bela Vista, Sao Paulo\u002FSP, Brasil, 01311-100",0.44438792288404,0.08058271064757,[315,319,322],{"setor":316,"percentual_receita_imovel":317,"percentual_receita_fii":318},"Serviços Médico - Hospitalares",0.11509080287399,0.00927432886619,{"setor":221,"percentual_receita_imovel":320,"percentual_receita_fii":321},0.24272015502523,0.01955904802073,{"setor":302,"percentual_receita_imovel":323,"percentual_receita_fii":324},0.23312804372174,0.01878608969106,0.53343955538348,{"nome":327,"vacancia":328,"numero_unidades":329,"area":330,"endereco":331,"percentual_inadimplencia":332,"percentual_receitas":333,"inquilinos":334,"ocupacao":345},"Edificio Passarelli",0.46153846153846,78,22964,"Rua Pais Leme, 524, Sem Complemento, Pinheiros, São Paulo\u002FSP, Brasil, 05424-010",0.09375,0.07696610806868,[335,339,342],{"setor":336,"percentual_receita_imovel":337,"percentual_receita_fii":338},"Serviços Diversos",0.2709769904367,0.02085604433008,{"setor":221,"percentual_receita_imovel":340,"percentual_receita_fii":341},0.41647106447539,0.03205415695589,{"setor":302,"percentual_receita_imovel":343,"percentual_receita_fii":344},0.16023872958806,0.01233295137826,0.53846153846154,{"nome":347,"vacancia":348,"numero_unidades":190,"area":349,"endereco":350,"percentual_inadimplencia":276,"percentual_receitas":351,"inquilinos":352,"ocupacao":356},"Edificio Fujitsu",0.14285714285714,4107,"Rua Treze De Maio, 1633, Sem Complemento, Bela Vista, São Paulo\u002FSP, Brasil, 01327-001",0.06073212501641,[353],{"setor":302,"percentual_receita_imovel":354,"percentual_receita_fii":355},0.92601304205668,0.05623873983702,0.85714285714286,{"nome":358,"vacancia":276,"numero_unidades":80,"area":359,"endereco":360,"percentual_inadimplencia":276,"percentual_receitas":276,"ocupacao":80},"Imovel GPA - Brigadeiro Luis Antonio",17644,"Avenida Brigadeiro Luis Antonio, 3142, Sem Complemento, Jardim Paulista, São Paulo\u002FSP, Brasil, 01402-000",{"data_referencia":253,"prazos":362,"indexadores":402,"receita_aluguel_trimestre":409,"valor_imoveis":410,"cap_rate":411,"receita_sobre_mercado":412,"aluguel_m2_mes":413,"area_ocupada":414},[363,366,369,372,375,377,380,383,386,389,391,394,396,399],{"faixa":364,"percentual":365},"Até 3 meses",0.13839,{"faixa":367,"percentual":368},"3 a 6 meses",0.004561,{"faixa":370,"percentual":371},"6 a 9 meses",0.032284,{"faixa":373,"percentual":374},"9 a 12 meses",0.007791,{"faixa":376,"percentual":276},"12 a 15 meses",{"faixa":378,"percentual":379},"15 a 18 meses",0.012881,{"faixa":381,"percentual":382},"18 a 21 meses",0.286349,{"faixa":384,"percentual":385},"21 a 24 meses",0.012284,{"faixa":387,"percentual":388},"24 a 27 meses",0.036571,{"faixa":390,"percentual":276},"27 a 30 meses",{"faixa":392,"percentual":393},"30 a 33 meses",0.029934,{"faixa":395,"percentual":276},"33 a 36 meses",{"faixa":397,"percentual":398},"Acima de 36 meses",0.428591,{"faixa":400,"percentual":401},"Indeterminado",0.010364,[403,406],{"nome":404,"percentual":405},"IPCA",0.741106,{"nome":407,"percentual":408},"IGP-M",0.258894,14216227.14,644868659.64,0.088181,0.158099,43.45,109057,{"id":416,"nome":417,"cnpj":418,"endereco":419,"telefone":420,"created_at":421,"updated_at":421},5,"BANCO BTG PACTUAL S A","30306294000145","PR BOTAFOGO, 501, BLII SLO 501 BLC II SAL 601 - BOTAFOGO, RIO DE JANEIRO - RJ - 22250-911","(21) 32629600","2026-10-03T18:47:06.000000Z",{"id":423,"nome":424,"cnpj":425,"endereco":426,"telefone":427,"created_at":428,"updated_at":428},24,"ERNST & YOUNG AUDITORES INDEPENDENTES S\u002FS LTDA","61366936000125","AV PRESIDENTE JUSCELINO KUBITSCHEK 1909, SP CORP TOWER TORRE NORTE ANDAR 8 CONJ 81 – VILA NOVA CONCEIÇÃO – SÃO PAULO\u002FSP – 04.543-907","(11) 2573-3000","2026-10-03T18:51:30.000000Z",{"ano_referencia":430,"data_disponibilizacao":431},"2025","2026-03-31",{"ResultadoFundo":433,"ConjunturaEconomica":434,"PerspectivaPeriodoSeguinte":435},"O Fundo encerrou o exercício social em linha com sua estratégia de investimentos, conforme detalhado no informe mensal de dezembro de 2025.","Em 2025, o mercado de FIIs operou em ambiente desafiador, marcado pela manutenção de taxas de juros em patamares elevados, o que impactou a atratividade do setor e manteve postura mais cautelosa por parte dos investidores.","Para 2026, a expectativa é de melhora gradual do setor, com possível redução das taxas de juros e retomada do interesse dos investidores, favorecendo a valorização dos ativos imobiliários."]