Relatório gerencial em inglês TRXF11 de julho de 2026

Relatório gerencial em inglês do TRX Real Estate (TRXF11), fundo imobiliário híbrido, referente a julho de 2026, com entrega no FundosNet (B3) em 11/08/2026. No pregão de 03/11/2026, a cota do TRXF11 fechou a R$ 62,80, com P/VP de 0,65 (valor patrimonial de R$ 96,67 por cota no informe mensal de setembro de 2026). O último rendimento foi de R$ 0,93 por cota, com pagamento em nov/2026, e o dividend yield dos últimos 12 meses é de 18,79% sobre a cotação de 03/11/2026. O patrimônio líquido era de R$ 6 bilhões no informe mensal de setembro de 2026. Os indicadores são os mais recentes da base do Kartac, não os do período do documento.

Informações

Fundo: TRX REAL ESTATE RESPONSABILIDADE LIMITADA-10,82%
CNPJ: 28.548.288/0001-52
Tipo: Outras Informações
Assunto: Relatório gerencial em inglês
Data de referência: 31/07/2026
Data de entrega: 11/08/2026 18:59
Versão: 1
Situação: (Ativo)

Conteúdo

trx TRX REAL ESTATE REIT TRXF11

TRXF11 – 07/2026

TRX Investimentos

Founded in 2007, TRX has established itself as an independent Real Estate Investment Manager in Brazil, with a history of developing built-to-suit properties for some of the listed companies and in the acquisition of readyto-use properties that generate income in the sale and leaseback transactions. TRX's portfolio and track record are spread across the main markets in Brazil.

TRX Real Estate REIT – TRXF11

The REIT aims to generate income and capital appreciation through the acquisition, development, disposal and active management of real estate. It invests in properties located in strategic regions across various segments with high technical standards, leased to companies with strong credit risk profiles, preferably under long-term lease agreements.

Main Informations

Ticker: TRXF11

CNPJ: 28.548.288/0001-52

Anbima Classification: FII Renda Gestão Ativa

Management: TRX Gestora de Recursos

Administrator: BRL Trust Investimentos

Real Estate Consultant: TRX Desenvolvimento Imobiliário

REIT Inception: October 15, 2019

Management Fee: 1.00% per year on market value

Performance Fee: 20.00% of the surplus to the Benchmark

Benchmark: IPCA + 6.00% per year

Dividend Disclosure: Last business day of the month

Dividend Payment: 10th business day of the month

Market Maker: XP Investimentos

Investors Relations

E-mail: [email protected]

trx

t TRX Real Estate REIT ETTCARA TODOS-TUDO PARA ESPORT TRXF11 07/2026

Number of Emissions 12

Number of Shareholders 344,862

Market Price BRL 91.10

Equity Value per Share BRL 97.06

Distribution BRL 0.93

Number of Properties 120

Geographic Presence Presence in 17 Brazilian states and 59 cities

Gross Leasable Area (GLA) 1,466,574.31 m²

Adjustment Index IPCA 75.99%, IGP-M 5.14%

Average Rental Value per m²

Retail: BRL 33.18, Healthcare: BRL 140.20, Logistics: BRL 30.34, Educational: BRL 41.76, Hospital: BRL 104.28, Shopping Mall: BRL 25.65 and Hotel: BRL 350.53

Base date: 07/31/2026

Issued Shares 62,430,702

Average Daily Liquidity BRL 15.23 million

Market Value BRL 5,687,436,952.20

Equity Value BRL 6,059,889,222.16

Monthly and Annualized Dividend Yield 1.02% / 12.25%

Number of Tenants 384

Land Area 3,367,562.87 m²

Revenue by Contract Type Atypical 74.25% and Typical 25.75%

Wale 13.41 years

Asset Value per m²

Retail: BRL 5,127.36, Healthcare: BRL 23,029.66, Logistics: BRL 4,965.64, Educational: BRL 5,769.01, Hospital: BRL 23,562.93, Shopping Mall: BRL 6,086.60 and Hotel: BRL 36.093,82

Vacancy Physical 0.5% and Financial 0.3%

trx Highlights of the Month TRXF11 – 07/2026

TRXF11 Announces Indirect Acquisition of Logistics Warehouses in Guarulhos, São Paulo

On July 20, 2026, TRXF11 announced the indirect acquisition of a Class AAA logistics asset (K100, K200 and K300) located in Guarulhos, São Paulo, comprising three warehouse facilities with a total Gross Leasable Area (GLA) of 237,390 sqm.

Warehouses K100 and K200 are leased to Mercado Livre under 10-year buildto-suit lease agreements. K100 is currently in the final stage of development, while K200 has been completed and is already operational.

Warehouse K300 is currently under construction and is expected to be completed in August 2027. Its acquisition remains subject to project approval and the commencement of the related lease agreement.

The total acquisition price is BRL 1.43 billion, to be paid in four installments over approximately 18 months. The transaction significantly increases TRXF11 REIT's exposure to the logistics segment and is expected to generate an estimated 14.51% yield on cost during the first 12 months.

TRXF11 Completes Acquisition of Property Leased to Emiliano Hotel On July 1, 2026, TRXF11 completed the acquisition of the landmark property leased to Emiliano Hotel for BRL 260 million.

The asset is located on Copacabana Beach in Rio de Janeiro, in what is widely regarded as an irreplaceable and highly sought-after location. The acquisition further strengthens the REIT's portfolio with a premium hospitality asset positioned in one of Brazil's most iconic tourism and luxury destinations.

Monthly Distribution

TRXF11 announced a monthly distribution of BRL 0.93 per share, equivalent to a monthly yield of 1.02% and an annualized yield of 12.25%.

The distribution will be paid on August 14, 2026.

STATEMENT OF OPERATIONS (BRL)

Accounting Entry	February/26	March/26	April/26	May/26	June/26	July/26	CSuixm-uMloantitvhe	Trailing 12 Months
RentalIncome	40,206,224.63	39,586,996.69	37,574,318.45	39,122,537.60	134,335,656.09	40,669,247.37	40,669,247.37	483,783,381.81
IndirectPropertyIncome	22,966,209.63	25,231,956.91	19,881,653.12	18,960,095.34	11,898,686.51	44,327,836.23	44,327,836.23	257,332,938.68
Total PropertyIncome	63,172,434.26	64,818,953.60	57,455,971.58	58,082,632.94	146,234,342.60	84,997,083.60	84,997,083.60	741,116,320.49
SecuritiesIncome	9,083,620.91	6,317,483.95	14,491,303.18	8,988,775.93	-6,895,912.70	-5,406,869.79	-5,406,869.79	56,690,354.99
Interest Income	2,075,919.88	1,064,943.60	454,066.94	603,058.61	456,821.01	682,791.72	682,791.72	14,630,661.38
Total Revenues	74,331,975.05	72,201,381.14	72,401,341.69	67,674,467.48	139,795,250.91	80,273,005.53	80,273,005.53	812,437,336.86
OperatingExpenses (-)	8,579,058.58	6,102,774.50	7,724,839.95	7,823,194.52	6,544,415.79	5,005,112.93	5,005,112.93	65,291,544.29
Interest Expenses (-)*	7,450,487.67	9,266,910.83	10,762,207.56	11,245,991.12	11,358,860.99	15,293,980.34	15,293,980.34	104,339,544.14
Total Expenses	16,029,546.25	15,369,685.33	18,487,047.51	19,069,185.64	17,903,276.78	20,299,093.27	20,299,093.27	169,631,088.43
OperatingIncome (EBITDA Proxy)	58,302,428.80	56,831,695.81	53,914,294.18	48,605,281.84	121,891,974.13	59,973,912.26	59,973,912.26	643,674,651.18
OperatingProfit per Share	0.93	0.91	0.86	0.78	1.95	0.96	0.96	10.31
Distribution	58,060,552.86	58,060,552.86	58,060,552.86	58,060,552.86	93,646,053.00	58,060,552.86	58,060,552.86	595,377,670.64
Distributionper Share	0.93	0.93	0.93	0.93	1.50	0.93	0.93	11.80
Dividend Yield	1.00%	1.01%	1.02%	1.01%	1.63%	1.02%	1.02%	12.95%
Total Accumulated Return	20,434,398.89	19,205,541.84	15,059,283.16	9,455,271.02	33,833,426.02	35,746,785.42	35,746,785.42	35,746,785.42
Accumulated Returnper Share	0.33	0.31	0.24	0.15	0.54	0.57	0.57	0.57

RESULTS (BRL/SHARE) – LAST 12 MONTHS

SHARE DISTRIBUTION HISTORY IN THE LAST 12 MONTHS AND GUIDANCE

TRX Real Estate - trxf11.com.br

MONTHY RENTAL INCOME PER TENANT

PENALTY + NOTICE PERIOD (% OF REVENUE)

BUSINESS SEGMENT (% INCOME)

ALLOCATION OF RESOURCES (% OF NET ASSET VALUE)

PROPERTY PROFILE (% GLA)

Grupo Mateus Supermarket– Aracaju/SE

Eleva School – Rio de Janeiro/RJ

Einstein Hospital Israelita – São Paulo/SP*

*Property under construction.

Disclaimer

This report is provided solely for informational purposes and should not be construed as, nor is it intended to constitute, an offer or solicitation to buy or sell securities, financial instruments, or participation in any specific business strategy, regardless of jurisdiction.

The opinions, estimates, and projections expressed in this report reflect the current judgment of the individual responsible for its content as of the date of publication and are therefore subject to change without prior notice. The projections use historical data and assumptions, and the following disclaimers should be observed:

(1) They are not free from errors;

(2) There is no guarantee that the scenarios presented will actually occur;

(3) They do not, under any circumstances, constitute a promise or guarantee of expected return or maximum loss exposure; and

(4) They should not be used to support any administrative procedure before regulatory or supervisory bodies.

Read the Prospectus, the Supplementary Information Form, the Key Information Sheet, and the regulations before investing. Past performance does not guarantee future returns. The disclosed returns are not net of taxes.

Investment funds are not guaranteed by the Administrator, the Manager, any insurance mechanism, or the Credit Guarantee Fund (FGC).