[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:VCJR11:18039":3,"seo:\u002Fdetalhes\u002FVCJR11\u002Fdocumentos\u002F18039":16,"fii-documento:VCJR11":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},18039,"(VCJR) Relatório Gerencial - 31\u002F12\u002F2025","Relatório Gerencial","Relatórios","(Ativo)","\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ch3>Relatório Gerencial\u003C\u002Fh3>\u003Ch3>VCJR11 VECTIS JUROS REAL FII\u003C\u002Fh3>\u003Ch3>Informações Gerais VCJR11\u003C\u002Fh3>\u003Ch3>Objetivo do Fundo\u003C\u002Fh3>\u003Cp>O Fundo tem por objetivo o investimento em empreendimentos imobiliários, preponderantemente por meio do investimento em CRI, cotas de FIIs, LCI, e outros ativos, títulos e valores mobiliários permitidos nos termos da legislação e regulamentação aplicáveis. O Fundo visa proporcionar a seus Cotistas uma rentabilidade alvo que busque acompanhar, no longo prazo, NTN-B + 1% a 3% ao ano, pelo investimento em ativos pós ou pré-fixados, sem restrição de indexadores.\u003C\u002Fp>\u003Ch3>Para mais informações, clique aqui e acesse o Regulamento do Fundo\u003C\u002Fh3>\u003Ch3>Início das Atividades\u003C\u002Fh3>\u003Cp>Outubro 2019\u003C\u002Fp>\u003Cp>Código de Negociação\u003C\u002Fp>\u003Cp>VCJR11\u003C\u002Fp>\u003Cp>CNPJ\u003C\u002Fp>\u003Cp>32.400.250\u002F0001-05\u003C\u002Fp>\u003Cp>Cotas Emitidas\u003C\u002Fp>\u003Cp>14.723.970\u003C\u002Fp>\u003Cp>Prazo\u003C\u002Fp>\u003Cp>Indeterminado\u003C\u002Fp>\u003Ch3>Gestor\u003C\u002Fh3>\u003Cp>Pátria - VBI Securities Ltda.\u003C\u002Fp>\u003Cp>Administrador e Escriturador\u003C\u002Fp>\u003Cp>Itaú Unibanco Intrag DTVM Ltda\u003C\u002Fp>\u003Cp>Taxa de Administração Total\u003C\u002Fp>\u003Cp>1,60% a.a.\u003C\u002Fp>\u003Cp>Público Alvo\u003C\u002Fp>\u003Cp>Investidores em geral\u003C\u002Fp>\u003Cp>Tipo Anbima\u003C\u002Fp>\u003Cp>Papel Híbrido Gestão Ativa, Multicategoria\u003C\u002Fp>\u003Cp>\u003Cstrong>Clique aqui para acessar nossas políticas\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Resumo do Cenário de FIIs\u003C\u002Fh3>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Cp>Performance Setorial do IFIX*\u003C\u002Fp>\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>112\u003C\u002Ftd>\u003Ctd>147.543\u003C\u002Ftd>\u003Ctd>0,90\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Office\u003C\u002Ftd>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>10.989\u003C\u002Ftd>\u003Ctd>0,67\u003C\u002Ftd>\u003Ctd>5,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Logística\u003C\u002Ftd>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>27.656\u003C\u002Ftd>\u003Ctd>0,94\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Shopping\u003C\u002Ftd>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>19.008\u003C\u002Ftd>\u003Ctd>0,88\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - CRIs\u003C\u002Ftd>\u003Ctd>43\u003C\u002Ftd>\u003Ctd>59.211\u003C\u002Ftd>\u003Ctd>0,91\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - FOFs\u003C\u002Ftd>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>7.229\u003C\u002Ftd>\u003Ctd>0,88\u003C\u002Ftd>\u003Ctd>6,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Renda Urbana\u003C\u002Ftd>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>9.050\u003C\u002Ftd>\u003Ctd>0,98\u003C\u002Ftd>\u003Ctd>-0,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX - Outros\u003C\u002Ftd>\u003Ctd>17\u003C\u002Ftd>\u003Ctd>14.400\u003C\u002Ftd>\u003Ctd>0,90\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Performance Setorial Ponderada do IFIX*\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_2_chart_5.jpg\">\u003C\u002Fp>\u003Ch3>PANORAMA DE DEZEMBRO\u002F25:\u003C\u002Fh3>\u003Cp>\u003Cstrong>O ano de 2025 terminou trazendo aos investidores de FIIs motivos claros para comemorar\u003C\u002Fstrong>. Apesar da retomada da alta da Selic, que fechou em 15% a.a. (maior nível desde 2006) \u003Cstrong>o IFIX valorizou +21,1% no período\u003C\u002Fstrong>, equivalente a +147% do CDI. Em outras palavras, mesmo com juros elevados, prevaleceu no mercado, sobretudo no segundo semestre, a percepção de que o ciclo de aperto monetário se aproxima do fim. Esse movimento sustentou a \u003Cstrong>recuperação dos FIIs, com destaque para os fundos de Tijolo¹\u003C\u002Fstrong> (+21,9%), seguidos pelos fundos de Papel² (+17,6%).\u003C\u002Fp>\u003Cp>\u003Cstrong>Dezembro consolidou essa tendência ao registrar o segundo melhor desempenho mensal do ano\u003C\u002Fstrong>, com alta de +3,1% no IFIX (Tijolo¹ = +2,2% e Papel² = +3,4%). O último mês intensificou a trajetória positiva iniciada em agosto, quando o índice acumulou cinco meses consecutivos de alta, com outubro sendo o único abaixo de 1%.\u003C\u002Fp>\u003Cp>Encerramos 2025 com juro real próximo a 10% a.a. e inflação inferior a 5%. Somando esse quadro doméstico ao início do ciclo de cortes nos EUA, iniciado em setembro, o mercado já precifica a Selic perto do pico. Embora seja cedo para definir ritmo e magnitude dos cortes em 2026 (ano eleitoral) \u003Cstrong>está consolidada a percepção de fim do aperto, com possibilidade de flexibilização entre o fim do primeiro e o segundo trimestre\u003C\u002Fstrong>. Nesse contexto, muitos investidores anteciparam o movimento, ampliando exposição a FIIs ainda descontados após anos de alta da taxa básica.\u003C\u002Fp>\u003Cp>Vale lembrar que o IFIX é um índice de total return, incorporando variação das cotas e rendimentos. Considerando dividend yield médio de 10% a.a., a valorização efetiva das cotas foi próxima a 11%. Mesmo após forte desempenho, fundos de tijolo encerraram negociando, em média, a P\u002FVP de 0,88x. Em segmentos específicos, os descontos são maiores: lajes corporativas giram em torno de 0,70x. Isso indica \u003Cstrong>espaço para valorização adicional à medida que os cortes da Selic avancem.\u003C\u002Fstrong> Soma-se a isso a resiliência dos fundamentos imobiliários, seja em vacância e preços de aluguel nos fundos de tijolo, seja nos baixos níveis de inadimplência nos fundos de papel.\u003C\u002Fp>\u003Cp>Assim, a indústria de FIIs fecha 2025 com balanço positivo, tanto pelo retorno entregue quanto pela perspectiva futura, combinada a um carrego isento próximo a dois dígitos. Embora 2026 possa trazer maior volatilidade por fatores eleitorais, macroeconômicos e geopolíticos, \u003Cstrong>os FIIs seguem como classe atrativa para o investidor brasileiro\u003C\u002Fstrong>.\u003C\u002Fp>\u003Ch3>Resumo VCJR11\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Patrimônio Líquido\u003C\u002Fth>\u003Cth>R$ 1.385,8 milhões\u003C\u002Fth>\u003Cth>R$ 94,12\u002Fcota\u003C\u002Fth>\u003Cth>0,86x\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Valor de Mercado*\u003C\u002Ftd>\u003Ctd>R$ 1.197,1 milhões\u003C\u002Ftd>\u003Ctd>R$ 81,30\u002Fcota\u003C\u002Ftd>\u003Ctd>P\u002FVP1\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003Cth>NoYmieilndal\u003C\u002Fth>\u003Cth>I RPeCfA.\u003C\u002Fth>\u003Cth>(IPYCieAld +)\u003C\u002Fth>\u003Cth>Pra (zAono Msé)dio\u003C\u002Fth>\u003Cth>Spread\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>90,8%\u003C\u002Ftd>\u003Ctd>17,4%\u003C\u002Ftd>\u003Ctd>5,3%\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>3,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Carteira de ativos\u003C\u002Ftd>\u003Ctd>92,2%\u003C\u002Ftd>\u003Ctd>17,4%\u003C\u002Ftd>\u003Ctd>5,3%\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>3,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Caixa\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>12,5%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compromissada\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Portfólio\u003C\u002Ftd>\u003Ctd>100,0%\u003C\u002Ftd>\u003Ctd>17,0%\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>11,2%\u003C\u002Ftd>\u003Ctd>3,6\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_3_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Volume Médio Diário Negociado no Mês\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 1,9 milhões\u003C\u002Fp>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_3_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Rendimento por Cota\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 0,77\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_3_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Reserva Acumulada\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 0,60\u002Fcota\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_3_image_13.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Número de Cotistas\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>27.085\u003C\u002Fp>\u003Ch3>Tabela de Sensibilidade\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Preço mercado\u003C\u002Fth>\u003Cth>Yiel (dIP pCoArt +f)olio\u003C\u002Fth>\u003Cth>Yield(IP (-C)A c +u)stos\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>88,80\u003C\u002Ftd>\u003Ctd>11,9%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>86,30\u003C\u002Ftd>\u003Ctd>12,2%\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>83,80\u003C\u002Ftd>\u003Ctd>12,6%\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>81,30\u003C\u002Ftd>\u003Ctd>13,0%\u003C\u002Ftd>\u003Ctd>11,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>78,80\u003C\u002Ftd>\u003Ctd>13,4%\u003C\u002Ftd>\u003Ctd>11,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>76,30\u003C\u002Ftd>\u003Ctd>13,8%\u003C\u002Ftd>\u003Ctd>12,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>73,80\u003C\u002Ftd>\u003Ctd>14,3%\u003C\u002Ftd>\u003Ctd>12,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Comentários da Gestão\u003C\u002Fh3>\u003Ch3>Destacamos abaixo as principais atualizações do Fundo no mês:\u003C\u002Fh3>\u003Ch3>RESULTADO & RENDIMENTOS DISTRIBUÍDOS:\u003C\u002Fh3>\u003Cp>Em dezembro, o Fundo apresentou um \u003Cstrong>resultado distribuível de R$ 0,97\u002Fcota,\u003C\u002Fstrong> sem nenhum impacto de receita extraordinária. Em 14 de janeiro, foi distribuído o valor de \u003Cstrong>R$ 0,77\u002Fcota\u003C\u002Fstrong>. Considerando o resultado distribuível no mês a reserva acumulada aumentou para \u003Cstrong>R$ 0,60\u002Fcota\u003C\u002Fstrong>.\u003C\u002Fp>\u003Ch3>RESUMO DA CARTEIRA:\u003C\u002Fh3>\u003Cp>Encerramos o mês com \u003Cstrong>92,2% do patrimônio líquido alocado\u003C\u002Fstrong>, sendo 90,8% em CRI com uma \u003Cstrong>rentabilidade média ponderada de 17,4% a.a.\u003C\u002Fstrong> (IPCA+ 11,5% a.a.), prazo médio de 3,9 anos e spread médio de 3,2% a.a.. Em 30\u002F12, o Fundo não contava com operações compromissadas. A carteira conta com 43 CRI, sendo 95% da carteira indexada ao IPCA (IPCA+ 11,0% a.a.), 4% indexados ao CDI (CDI+ 8,4% a.a.) e 1% a taxas Pré fixadas (20,2% a.a.).\u003C\u002Fp>\u003Ch3>MOVIMENTAÇÕES DA CARTEIRA:\u003C\u002Fh3>\u003Cp>Durante o mês, foram realizadas as seguintes movimentações; (i) \u003Cstrong>zeramos a posição\u003C\u002Fstrong> de R$ 11,9 milhões no \u003Cstrong>CRI Embraed\u003C\u002Fstrong>; (ii) \u003Cstrong>reduzimos\u003C\u002Fstrong> em R$ 37,3 milhões, a posição no \u003Cstrong>CRI JFL Alto das Nações\u003C\u002Fstrong>; (iii) \u003Cstrong>aumentamos\u003C\u002Fstrong> em R$ 17,7 milhões a exposição ao \u003Cstrong>CRI Almeida Júnior\u003C\u002Fstrong>; e (iv) \u003Cstrong>montamos\u003C\u002Fstrong> posições nos \u003Cstrong>CRI Urbanes II A\u003C\u002Fstrong> (R$ 15,8 milhões a uma taxa de IPCA+ 10,0% a.a.), \u003Cstrong>CRI Urbanes II B\u003C\u002Fstrong> (R$ 9,5 milhões a uma taxa de IPCA+ 12,7% a.a.), \u003Cstrong>CRI Verde Urbanismo\u003C\u002Fstrong> (R$ 19,2 milhões a uma taxa de IPCA+ 11,0% a.a.) e \u003Cstrong>CRI Visconde Icaraí B\u003C\u002Fstrong> (R$ 4,6 milhões a uma taxa de IPCA+ 12,6% a.a.). \u003Cstrong>Para mais informações sobre as novas operações,\u003C\u002Fstrong> \u003Cstrong>\u003Cu>clique aqui\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>WATCHLIST:\u003C\u002Fh3>\u003Cp>Neste mês, não foram adicionados novos CRI no watchlist. Vale ressaltar que os CRI do watchlist podem, eventualmente, sofrer remarcação a critério do administrador. Para mais informações \u003Cu>clique aqui\u003C\u002Fu>.\u003C\u002Fp>\u003Ch3>Performance\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_5_chart_1.jpg\">\u003C\u002Fp>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>Mês\u003C\u002Ftd>\u003Ctd>2025\u003C\u002Ftd>\u003Ctd colspan=\"2\">D(eAscduem oula indíoc)io Desd(ea.a o.) início\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>VCJR11¹\u003C\u002Ftd>\u003Ctd>8,1%\u003C\u002Ftd>\u003Ctd>23,3%\u003C\u002Ftd>\u003Ctd>62,2%\u003C\u002Ftd>\u003Ctd>8,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003Ctd>21,1%\u003C\u002Ftd>\u003Ctd>22,1%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CDI Bruto\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>14,3%\u003C\u002Ftd>\u003Ctd>72,2%\u003C\u002Ftd>\u003Ctd>9,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IMA-B\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>13,2%\u003C\u002Ftd>\u003Ctd>42,9%\u003C\u002Ftd>\u003Ctd>6,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Distribuições por Cota\u003C\u002Fp>\u003Cp>Média 12M | R$ 0,98\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_5_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Dividend Yield Dividend Yield anualizado (sobre a cota patrimonial) Dividend Yield anualizado (sobre a cota de fechamento)\u003C\u002Fp>\u003Ch3>Resultado\u003C\u002Fh3>\u003Cp>Demonstração de Resultado (R$)\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>DEZ-25\u003C\u002Fth>\u003Cth>R$\u002FCOTA\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Juros e Correção Monetária¹\u003C\u002Ftd>\u003Ctd>13.880.898\u003C\u002Ftd>\u003Ctd>0,94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MTM - CRI*\u003C\u002Ftd>\u003Ctd>(4.441.163)\u003C\u002Ftd>\u003Ctd>(0,30)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado com FII\u003C\u002Ftd>\u003Ctd>243.035\u003C\u002Ftd>\u003Ctd>0,02\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MTM - FII*\u003C\u002Ftd>\u003Ctd>641.980\u003C\u002Ftd>\u003Ctd>0,04\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Extraordinária\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas - Total\u003C\u002Ftd>\u003Ctd>10.324.751\u003C\u002Ftd>\u003Ctd>0,70\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas - Total\u003C\u002Ftd>\u003Ctd>(2.105.539)\u003C\u002Ftd>\u003Ctd>(0,14)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Financeiro Líquido\u003C\u002Ftd>\u003Ctd>1.548.762\u003C\u002Ftd>\u003Ctd>0,11\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ajuste para Distribuição (MTM - CRI)\u003C\u002Ftd>\u003Ctd>4.441.163\u003C\u002Ftd>\u003Ctd>0,30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuível\u003C\u002Ftd>\u003Ctd>14.209.137\u003C\u002Ftd>\u003Ctd>0,97\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuído\u003C\u002Ftd>\u003Ctd>11.337.457\u003C\u002Ftd>\u003Ctd>0,77\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>~~Resultado do Fundo por Cota (R$)~~\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_6_chart_5.jpg\">\u003C\u002Fp>\u003Cp>~~Movimentação da Reserva Acumulada~~\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_6_chart_7.jpg\">\u003C\u002Fp>\u003Ch3>Carteira de Ativos\u003Csup>1\u003C\u002Fsup> (1\u002F2)\u003C\u002Fh3>\u003Cp>Ativos Imobiliários\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_7_chart_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_7_chart_4.jpg\">\u003C\u002Fp>\u003Ch3>Carteira de Ativos\u003Csup>1\u003C\u002Fsup> (2\u002F2)\u003C\u002Fh3>\u003Ch3>Distribuição por CRI (% do PL)\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_8_image_3.jpg\">\u003C\u002Fp>\u003Cp>Distribuição por LTV\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_8_chart_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV Médio\u003C\u002Fstrong> Ponderado de \u003Cstrong>54%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Distribuição por Vencimento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_8_chart_8.jpg\">\u003C\u002Fp>\u003Cp>*Termos e definições no glossário (clique aqui). ¹ % sobre o total de CRI.\u003C\u002Fp>\u003Ch3>Alocação por Indexador\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_8_chart_11.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Taxa MTM a.a.\u003C\u002Fth>\u003Cth>Taxa Aq a.a.\u003C\u002Fth>\u003Cth>Prazo Médio (Anos)\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>8,8%\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>8,4%\u003C\u002Ftd>\u003Ctd>8,7%\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>PRÉ\u003C\u002Ftd>\u003Ctd>20,2%\u003C\u002Ftd>\u003Ctd>20,0%\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Detalhamento de Ativos (1\u002F3)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>M (RoMn$tT maMnmt)e\u003C\u002Fth>\u003Cth>%\u002FPL\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>UF\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Código B3\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>ETma (axi.saas. dã) eo\u003C\u002Fth>\u003Cth>ATqa (uaxi.saai.ç d)ãeo\u003C\u002Fth>\u003Cth>T ( MaaT.axMa.)\u003C\u002Fth>\u003Cth>P Mréadzioo\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>LTV\u003C\u002Fth>\u003Cth>Garantias*\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>CRI CIDADE MATARAZZO IPCA A\u003C\u002Ftd>\u003Ctd>104,7\u003C\u002Ftd>\u003Ctd>7,6%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>22C0509668\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003Ctd>4,65\u003C\u002Ftd>\u003Ctd>jun-40\u003C\u002Ftd>\u003Ctd>50,0%\u003C\u002Ftd>\u003Ctd>AFI, CFRA, FR E FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>CRI ALMEIDA Jr. I\u003C\u002Ftd>\u003Ctd>86,1\u003C\u002Ftd>\u003Ctd>6,2%\u003C\u002Ftd>\u003Ctd>Shopping\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>20I0047200\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>5,40\u003C\u002Ftd>\u003Ctd>ago-39\u003C\u002Ftd>\u003Ctd>n\u002Fa\u003C\u002Ftd>\u003Ctd>AFI, CFRCV\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>CRI COTEMINAS\u003C\u002Ftd>\u003Ctd>76,7\u003C\u002Ftd>\u003Ctd>5,5%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>RN\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>21G0785091\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,3%\u003C\u002Ftd>\u003Ctd>9,3%\u003C\u002Ftd>\u003Ctd>10,9%\u003C\u002Ftd>\u003Ctd>4,70\u003C\u002Ftd>\u003Ctd>jul-31\u003C\u002Ftd>\u003Ctd>Em Revisão\u003C\u002Ftd>\u003Ctd>AFI, CFRA, FR, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>CRI JFL JARDINS\u003C\u002Ftd>\u003Ctd>76,0\u003C\u002Ftd>\u003Ctd>5,5%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>23J2238807\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>CRI ORIGO ENERGIA\u003C\u002Ftd>\u003Ctd>70,8\u003C\u002Ftd>\u003Ctd>5,1%\u003C\u002Ftd>\u003Ctd>Energia\u003C\u002Ftd>\u003Ctd>MG\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>22C1012859\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>9,8%\u003C\u002Ftd>\u003Ctd>4,10\u003C\u002Ftd>\u003Ctd>mar-37\u003C\u002Ftd>\u003Ctd>42,0%\u003C\u002Ftd>\u003Ctd>AFI, FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6\u003C\u002Ftd>\u003Ctd>CRI JFL ALTO DAS NAÇÕES B\u003C\u002Ftd>\u003Ctd>57,3\u003C\u002Ftd>\u003Ctd>4,1%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>20B0929306\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7\u003C\u002Ftd>\u003Ctd>CRI JFL ALTO DAS NAÇÕES C\u003C\u002Ftd>\u003Ctd>57,3\u003C\u002Ftd>\u003Ctd>4,1%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>20B0929384\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>CRI HOTEL FASANO A\u003C\u002Ftd>\u003Ctd>55,8\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003Ctd>Hotel\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>21C0731446\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>11,6%\u003C\u002Ftd>\u003Ctd>1,06\u003C\u002Ftd>\u003Ctd>mar-28\u003C\u002Ftd>\u003Ctd>70,0%\u003C\u002Ftd>\u003Ctd>AFI, CFRA, FR, FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>CRI HOTEL FASANO B\u003C\u002Ftd>\u003Ctd>55,8\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003Ctd>Hotel\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>21C0732722\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>11,6%\u003C\u002Ftd>\u003Ctd>1,06\u003C\u002Ftd>\u003Ctd>mar-28\u003C\u002Ftd>\u003Ctd>70,0%\u003C\u002Ftd>\u003Ctd>AFI, CFRA, FR, FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>CRI PACAEMBU\u003C\u002Ftd>\u003Ctd>43,2\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>22D0378281\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>0,24\u003C\u002Ftd>\u003Ctd>out-25\u003C\u002Ftd>\u003Ctd>65,0%\u003C\u002Ftd>\u003Ctd>AFI, CFR, FR, FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>11\u003C\u002Ftd>\u003Ctd>CRI GLOBAL REALTY A\u003C\u002Ftd>\u003Ctd>40,3\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>21J0733885\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>13,5%\u003C\u002Ftd>\u003Ctd>0,77\u003C\u002Ftd>\u003Ctd>out-26\u003C\u002Ftd>\u003Ctd>80,0%\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCV, FR, FO E AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>12\u003C\u002Ftd>\u003Ctd>CRI PPP HABITACIONAL A\u003C\u002Ftd>\u003Ctd>39,7\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Travessia\u003C\u002Ftd>\u003Ctd>20C0139730\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>11,3%\u003C\u002Ftd>\u003Ctd>4,20\u003C\u002Ftd>\u003Ctd>jan-36\u003C\u002Ftd>\u003Ctd>n\u002Fa\u003C\u002Ftd>\u003Ctd>CFR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>13\u003C\u002Ftd>\u003Ctd>CRI PPP HABITACIONAL B\u003C\u002Ftd>\u003Ctd>39,7\u003C\u002Ftd>\u003Ctd>2,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Travessia\u003C\u002Ftd>\u003Ctd>20C0139788\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>11,3%\u003C\u002Ftd>\u003Ctd>4,20\u003C\u002Ftd>\u003Ctd>jan-36\u003C\u002Ftd>\u003Ctd>n\u002Fa\u003C\u002Ftd>\u003Ctd>CFR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>CRI URBA\u003C\u002Ftd>\u003Ctd>36,1\u003C\u002Ftd>\u003Ctd>2,6%\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>24E3558401\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>3,55\u003C\u002Ftd>\u003Ctd>nov-35\u003C\u002Ftd>\u003Ctd>67,0%\u003C\u002Ftd>\u003Ctd>AFI, FR, SUBORDINACAO\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>*Termos e definições no glossário (clique aqui). ¹Em revisão.\u003C\u002Fp>\u003Ch3>Detalhamento de Ativos (2\u002F3)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>M (RoMn$tT maMnmt)e\u003C\u002Fth>\u003Cth>%\u002FPL\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>UF\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Código B3\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>ETma (axi.saas. dã) eo\u003C\u002Fth>\u003Cth>ATqa (uaxi.saai.ç d)ãeo\u003C\u002Fth>\u003Cth>T ( MaaT.axMa.)\u003C\u002Fth>\u003Cth>P Mréadzioo\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>LTV\u003C\u002Fth>\u003Cth>Garantias*\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>15\u003C\u002Ftd>\u003Ctd>CRI ATHON VIVO\u003C\u002Ftd>\u003Ctd>34,2\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>Energia\u003C\u002Ftd>\u003Ctd>MA\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>21G0864337\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>8,5%\u003C\u002Ftd>\u003Ctd>3,94\u003C\u002Ftd>\u003Ctd>ago-35\u003C\u002Ftd>\u003Ctd>80,0%\u003C\u002Ftd>\u003Ctd>DRS, AFE, AFS, CFRA, FR E AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>16\u003C\u002Ftd>\u003Ctd>CRI CIDADE MATARAZZO IPCA B\u003C\u002Ftd>\u003Ctd>30,4\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>23J2162618\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003Ctd>4,65\u003C\u002Ftd>\u003Ctd>jun-40\u003C\u002Ftd>\u003Ctd>50,0%\u003C\u002Ftd>\u003Ctd>AFI, CFRA, FR E FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>17\u003C\u002Ftd>\u003Ctd>CRI MRV 24 SUB.\u003C\u002Ftd>\u003Ctd>25,3\u003C\u002Ftd>\u003Ctd>1,8%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>True\u003C\u002Ftd>\u003Ctd>24L0007474\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003Ctd>10,9%\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003Ctd>2,94\u003C\u002Ftd>\u003Ctd>mar-33\u003C\u002Ftd>\u003Ctd>60,0%\u003C\u002Ftd>\u003Ctd>AFI, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>18\u003C\u002Ftd>\u003Ctd>CRI MOREIAS\u003C\u002Ftd>\u003Ctd>24,5\u003C\u002Ftd>\u003Ctd>1,8%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>CE\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>22G0785359\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>15,2%\u003C\u002Ftd>\u003Ctd>0,46\u003C\u002Ftd>\u003Ctd>jun-26\u003C\u002Ftd>\u003Ctd>Em Revisão\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCV, FR, FO E AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>19\u003C\u002Ftd>\u003Ctd>CRI ATHON BRK\u003C\u002Ftd>\u003Ctd>24,4\u003C\u002Ftd>\u003Ctd>1,8%\u003C\u002Ftd>\u003Ctd>Energia\u003C\u002Ftd>\u003Ctd>MA\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>21G0864335\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>7,8%\u003C\u002Ftd>\u003Ctd>8,5%\u003C\u002Ftd>\u003Ctd>4,12\u003C\u002Ftd>\u003Ctd>ago-35\u003C\u002Ftd>\u003Ctd>80,0%\u003C\u002Ftd>\u003Ctd>DRS, AFE, AFS, CFRA, FR E AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>20\u003C\u002Ftd>\u003Ctd>CRI TECNISA A\u003C\u002Ftd>\u003Ctd>21,0\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>20E1000787\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>13,8%\u003C\u002Ftd>\u003Ctd>0,76\u003C\u002Ftd>\u003Ctd>jul-27\u003C\u002Ftd>\u003Ctd>74,0%\u003C\u002Ftd>\u003Ctd>AFS, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>CRI TECNISA B\u003C\u002Ftd>\u003Ctd>21,0\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>20E1000795\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>13,8%\u003C\u002Ftd>\u003Ctd>0,76\u003C\u002Ftd>\u003Ctd>jul-27\u003C\u002Ftd>\u003Ctd>74,0%\u003C\u002Ftd>\u003Ctd>AFS, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>22\u003C\u002Ftd>\u003Ctd>CRI Almeida Jr. II\u003C\u002Ftd>\u003Ctd>19,7\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>Shopping\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>24H2371051\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>8,9%\u003C\u002Ftd>\u003Ctd>5,40\u003C\u002Ftd>\u003Ctd>ago-39\u003C\u002Ftd>\u003Ctd>n\u002Fa\u003C\u002Ftd>\u003Ctd>AFI, CFRCV\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>23\u003C\u002Ftd>\u003Ctd>CRI VERDE URBANISMO\u003C\u002Ftd>\u003Ctd>19,2\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>MG\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>25L2639155\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>11,0%\u003C\u002Ftd>\u003Ctd>10,8%\u003C\u002Ftd>\u003Ctd>4,11\u003C\u002Ftd>\u003Ctd>dez-37\u003C\u002Ftd>\u003Ctd>60,6%\u003C\u002Ftd>\u003Ctd>AFI,CFRCV,FR,AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24\u003C\u002Ftd>\u003Ctd>CRI UNACORP\u003C\u002Ftd>\u003Ctd>18,9\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>24K1425359\u003C\u002Ftd>\u003Ctd>PRÉ\u003C\u002Ftd>\u003Ctd>20,0%\u003C\u002Ftd>\u003Ctd>20,0%\u003C\u002Ftd>\u003Ctd>20,2%\u003C\u002Ftd>\u003Ctd>3,85\u003C\u002Ftd>\u003Ctd>nov-29\u003C\u002Ftd>\u003Ctd>n\u002Fa\u003C\u002Ftd>\u003Ctd>AFI, CFRCV\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>25\u003C\u002Ftd>\u003Ctd>CRI TECNISA C\u003C\u002Ftd>\u003Ctd>16,9\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>24B1328842\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>9,5%\u003C\u002Ftd>\u003Ctd>13,8%\u003C\u002Ftd>\u003Ctd>0,77\u003C\u002Ftd>\u003Ctd>jul-27\u003C\u002Ftd>\u003Ctd>74,0%\u003C\u002Ftd>\u003Ctd>AFS, FR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>26\u003C\u002Ftd>\u003Ctd>CRI Urbanes II A\u003C\u002Ftd>\u003Ctd>15,8\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>Travessia\u003C\u002Ftd>\u003Ctd>25L2629887\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>10,0%\u003C\u002Ftd>\u003Ctd>6,40\u003C\u002Ftd>\u003Ctd>nov-35\u003C\u002Ftd>\u003Ctd>68,0%\u003C\u002Ftd>\u003Ctd>AFI,CFRA,FR,FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>27\u003C\u002Ftd>\u003Ctd>CRI DAHMA B\u003C\u002Ftd>\u003Ctd>14,9\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>24C1360385\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>13,1%\u003C\u002Ftd>\u003Ctd>1,65\u003C\u002Ftd>\u003Ctd>fev-29\u003C\u002Ftd>\u003Ctd>61,7%\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCV, FR, FO E FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>28\u003C\u002Ftd>\u003Ctd>CRI COWORKING ALLIANZ\u003C\u002Ftd>\u003Ctd>12,7\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>21G0479417\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>14,8%\u003C\u002Ftd>\u003Ctd>0,75\u003C\u002Ftd>\u003Ctd>jul-27\u003C\u002Ftd>\u003Ctd>n\u002Fa\u003C\u002Ftd>\u003Ctd>FS\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>*Termos e definições no glossário (clique aqui). ¹Em revisão.\u003C\u002Fp>\u003Ch3>Detalhamento de Ativos (3\u002F3)\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>M (RoMn$tT maMnmt)e\u003C\u002Fth>\u003Cth>%\u002FPL\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>UF\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Código B3\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>ETma (axi.saas. dã) eo\u003C\u002Fth>\u003Cth>ATqa (uaxi.saai.ç d)ãeo\u003C\u002Fth>\u003Cth>T ( MaaT.axMa.)\u003C\u002Fth>\u003Cth>P Mréadzioo\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>LTV\u003C\u002Fth>\u003Cth>Garantias*\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>29\u003C\u002Ftd>\u003Ctd>CRI JFL REBOUÇAS C\u003C\u002Ftd>\u003Ctd>12,7\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>19K0093603\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>30\u003C\u002Ftd>\u003Ctd>CRI JFL REBOUÇAS D\u003C\u002Ftd>\u003Ctd>12,7\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>19K0093608\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>31\u003C\u002Ftd>\u003Ctd>CRI JFL REBOUÇAS F\u003C\u002Ftd>\u003Ctd>12,7\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>19K0093990\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>CRI JFL REBOUÇAS A\u003C\u002Ftd>\u003Ctd>12,7\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>19K0093569\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>33\u003C\u002Ftd>\u003Ctd>CRI JFL REBOUÇAS E\u003C\u002Ftd>\u003Ctd>12,7\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>19K0093963\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>34\u003C\u002Ftd>\u003Ctd>CRI JFL REBOUÇAS B\u003C\u002Ftd>\u003Ctd>12,7\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>19K0093591\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>8,0%\u003C\u002Ftd>\u003Ctd>10,3%\u003C\u002Ftd>\u003Ctd>6,30\u003C\u002Ftd>\u003Ctd>dez-39\u003C\u002Ftd>\u003Ctd>75,0%\u003C\u002Ftd>\u003Ctd>AFI, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>35\u003C\u002Ftd>\u003Ctd>CRI GLOBAL REALTY B\u003C\u002Ftd>\u003Ctd>12,5\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>24H2017879\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>13,5%\u003C\u002Ftd>\u003Ctd>0,77\u003C\u002Ftd>\u003Ctd>out-26\u003C\u002Ftd>\u003Ctd>80,0%\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCV, FR, FO E AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>36\u003C\u002Ftd>\u003Ctd>CRI URBANES II B\u003C\u002Ftd>\u003Ctd>9,5\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>Travessia\u003C\u002Ftd>\u003Ctd>25L2630006\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,7%\u003C\u002Ftd>\u003Ctd>12,7%\u003C\u002Ftd>\u003Ctd>12,6%\u003C\u002Ftd>\u003Ctd>5,80\u003C\u002Ftd>\u003Ctd>nov-35\u003C\u002Ftd>\u003Ctd>68,0%\u003C\u002Ftd>\u003Ctd>AFI,FR,CFRCV,FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>37\u003C\u002Ftd>\u003Ctd>CRI DAHMA A\u003C\u002Ftd>\u003Ctd>5,3\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>21 F0880938\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>15,3%\u003C\u002Ftd>\u003Ctd>0,25\u003C\u002Ftd>\u003Ctd>jun-26\u003C\u002Ftd>\u003Ctd>45,0%\u003C\u002Ftd>\u003Ctd>AFI, AFS, CFRCV, FR, FO E FS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>38\u003C\u002Ftd>\u003Ctd>CRI SERPASA\u003C\u002Ftd>\u003Ctd>5,0\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Agro\u003C\u002Ftd>\u003Ctd>BA\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>22D0382755\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003Ctd>4,92\u003C\u002Ftd>\u003Ctd>nov-31\u003C\u002Ftd>\u003Ctd>Em Revisão\u003C\u002Ftd>\u003Ctd>AFI, CFR, FR, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>39\u003C\u002Ftd>\u003Ctd>CRI VISCONDE ICARAí B\u003C\u002Ftd>\u003Ctd>4,6\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>#N\u002FA\u003C\u002Ftd>\u003Ctd>24D3311867\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,6%\u003C\u002Ftd>\u003Ctd>12,6%\u003C\u002Ftd>\u003Ctd>12,5%\u003C\u002Ftd>\u003Ctd>1,44\u003C\u002Ftd>\u003Ctd>ago-27\u003C\u002Ftd>\u003Ctd>65,0%\u003C\u002Ftd>\u003Ctd>AVS, AFI, AFS, CFDC, FD, FR, FO\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>40\u003C\u002Ftd>\u003Ctd>CRI MRV 24 SR.\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>24I1419236\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,3%\u003C\u002Ftd>\u003Ctd>11,3%\u003C\u002Ftd>\u003Ctd>10,6%\u003C\u002Ftd>\u003Ctd>2,92\u003C\u002Ftd>\u003Ctd>mar-33\u003C\u002Ftd>\u003Ctd>60,0%\u003C\u002Ftd>\u003Ctd>AFI, FR, SUBORDINACAO\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>41\u003C\u002Ftd>\u003Ctd>CRI CREDITAS SR.\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Vert\u003C\u002Ftd>\u003Ctd>20B0849733\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5,2%\u003C\u002Ftd>\u003Ctd>5,2%\u003C\u002Ftd>\u003Ctd>9,0%\u003C\u002Ftd>\u003Ctd>3,69\u003C\u002Ftd>\u003Ctd>fev-35\u003C\u002Ftd>\u003Ctd>37,0%\u003C\u002Ftd>\u003Ctd>AFI, CFRCV, SUBORDINACAO\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>42\u003C\u002Ftd>\u003Ctd>CRI CREDITAS MEZ\u003C\u002Ftd>\u003Ctd>0,2\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Vert\u003C\u002Ftd>\u003Ctd>20B0850705\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,3%\u003C\u002Ftd>\u003Ctd>7,3%\u003C\u002Ftd>\u003Ctd>11,2%\u003C\u002Ftd>\u003Ctd>3,48\u003C\u002Ftd>\u003Ctd>fev-35\u003C\u002Ftd>\u003Ctd>37,0%\u003C\u002Ftd>\u003Ctd>AFI, CFRCV\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>43\u003C\u002Ftd>\u003Ctd>CRI UNACORP SUB.\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>24K1425360\u003C\u002Ftd>\u003Ctd>PRÉ\u003C\u002Ftd>\u003Ctd>20,0%\u003C\u002Ftd>\u003Ctd>20,0%\u003C\u002Ftd>\u003Ctd>20,6%\u003C\u002Ftd>\u003Ctd>5,85\u003C\u002Ftd>\u003Ctd>nov-31\u003C\u002Ftd>\u003Ctd>n\u002Fa\u003C\u002Ftd>\u003Ctd>AVS, AFT, AFS, AFI, CFR\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>28\u003C\u002Ftd>\u003Ctd>Total\u003C\u002Ftd>\u003Ctd>1.257,8\u003C\u002Ftd>\u003Ctd>90,8%\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>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Novas Operações\u003C\u002Fh3>\u003Ch3>CRI Urbanes II\u003C\u002Fh3>\u003Cp>Aquisição tática do CRI Urbanes II A e B no volume de \u003Cstrong>R$ 15,8 milhões e R$ 9,5 milhões, a taxa de IPCA + 10,0% a.a. e IPCA + 12,7% a\u003C\u002Fstrong>.a., respectivamente. O CRI tem como foco projetos de loteamento localizados em Santa Maria – RS, próximos a entrega ou já performados. O CRI conta com garantias como, Fiança PF e PJ, Fundo de Reserva e Cessão Fiduciária dos recebíveis.\u003C\u002Fp>\u003Ch3>CRI Verde Urbanismo\u003C\u002Fh3>\u003Cp>O CRI Verde, operação estruturada exclusivamente, tem um volume total de emissão R$ 60 milhões \u003Cstrong>(IPCA + 11% a.a.)\u003C\u002Fstrong> dos quais o VCJR adquiriu inicialmente \u003Cstrong>R$ 20 milhões\u003C\u002Fstrong>. O projeto engloba 2 loteamentos abertos performados, já entregues, desenvolvidos pela Verde Urbanismo e localizados em Uberlandia-MG. Os empreendimentos possuem mais de 5 anos de lançamento e estão mais do que 95% vendidos. A operação conta com ampla cobertura de garantias como: (i) Cessão fiduciária de 100% dos recebíveis presentes e futuros integrantes de cada SPE, (ii) Alienação Fiduciária dos Lotes, (iii) Fiança solidária da Verde e seus principais sócios e (v) Fundo de Reserva. A operação esta em fase de integralização e conta com um volume de R$40MM a integralizar no decorrer do ano.\u003C\u002Fp>\u003Ch3>CRI Visconde Icaraí\u003C\u002Fh3>\u003Cp>O CRI Visconde Icaraí é uma operação com volume de emissão de R$ 100,0 milhões (IPCA + 12,6% a.a.), dos quais o VCJR adquiriu \u003Cstrong>R$ 4,6 milhões, à taxa de IPCA + 12,6% a.a.\u003C\u002Fstrong> O CRI tem o objetivo de financiar a obra de construção de um condomínio residencial vertical de médio padrão, localizado em Salto\u002FSP. O CRI conta com ampla cobertura de garantias, como: (i) Alienação Fiduciária do Terreno das Fases I e II do projeto, (ii) Alienação Fiduciária das quotas da SPE, (iii) Cessão fiduciária dos recebíveis oriundos dos contratos de compra e venda presentes e futuros do Empreendimento, (iv) Aval da Visconde e sócios PFs, (v) Fundo de Reserva e Amortização e (vi) Seguros de obra.\u003C\u002Fp>\u003Ch3>Watchlist\u003C\u002Fh3>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ch3>CRI Coteminas\u003C\u002Fh3>\u003Cp>\u003Cstrong>Resumo:\u003C\u002Fstrong> O CRI Coteminas, emitido em julho de 2021, possui volume de emissão de R$ 160 milhões, com saldo devedor atual de R$ 153,7 milhões, dos quais o Fundo detém 51% (5,5% do PL). A remuneração original de emissão é de IPCA + 9,25% a.a., mas atualmente está remunerando IPCA + 6,0% a.a., valor compatível com os fluxos de cessão de aluguel do complexo comercial que lastreia a operação. Apesar de o devedor estar em Recuperação Judicial, as garantias do CRI foram classificadas como extraconcursais. O caso conta com acompanhamento de um escritório especializado, cujos custos são cobertos pelo Fundo de Reserva, que também assegura a manutenção da remuneração.\u003C\u002Fp>\u003Cp>\u003Cstrong>Update:\u003C\u002Fstrong> O CRI permanece adimplente. A equipe de gestão está em contato próximo com a devedora e os demais investidores do CRI para traçar um plano para destravar valor nos terrenos alienados ao CRI. Adicionalmente, a equipe de gestão está revisando o LTV e o CRI pode, eventualmente, sofrer remarcação a critério do administrador.\u003C\u002Fp>\u003Ch3>CRI Serpasa\u003C\u002Fh3>\u003Cp>\u003Cstrong>Resumo:\u003C\u002Fstrong> O CRI Serpasa, emitido em abril de 2022, possui volume de emissão de R$ 35 milhões, com saldo devedor atual de R$ 34,2 milhões, dos quais o Fundo detém 15% (0,4% do PL). A remuneração original de emissão é de CDI + 6,0% a.a., mas atualmente está remunerando CDI + 3,0% a.a., valor compatível com os fluxos de cessão esperado. A operação foi estruturada para financiar a implantação de um sistema de irrigação em uma das fazendas da companhia, tendo como garantias a alienação fiduciária de dois imóveis rurais com 5.100 hectares de área irrigada e cultivada, além de aval dos sócios e fundo de reserva.\u003C\u002Fp>\u003Cp>\u003Cstrong>Update:\u003C\u002Fstrong> A operação teve seu Resgate Antecipado declarado, pelo inadimplemento das obrigações pecuniárias pela devedora, conforme fato relevante divulgado pela securitizadora em 16\u002F09. Desde então, foram tomadas as providências legais para execução extrajudicial e judicial, continuamos implementando nossas estratégias para recuperação dos créditos, atuando de forma coordenada tanto na esfera judicial quanto na extrajudicial. Vale ressaltar que a Companhia e seus acionistas entraram com pedido cautelar antecedente a procedimento de recuperação judicial, no entanto importante ressaltar que as garantias possuem caráter extraconcursal, tendo em vista que são garantias fiduciárias e o fato de possuir um imóvel descorrelacionado com a atividade da usina.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>M (oRMn$tT maMnmt)e\u003C\u002Fth>\u003Cth>%\u002FPL\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>UF\u003C\u002Fth>\u003Cth>Emissor\u003C\u002Fth>\u003Cth>Código B3\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>EmTisasxãao d (ae.a.)\u003C\u002Fth>\u003Cth>AquTisaiçxãao d (ea.a.)\u003C\u002Fth>\u003Cth>Tax (aa.a M.)TM\u003C\u002Fth>\u003Cth>P Mréadzioo\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>LTV\u003C\u002Fth>\u003Cth>Garantias\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>CRI COTEMINAS\u003C\u002Ftd>\u003Ctd>76,7\u003C\u002Ftd>\u003Ctd>5,5%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>RN\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>21G0785091\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,3%\u003C\u002Ftd>\u003Ctd>9,3%\u003C\u002Ftd>\u003Ctd>10,9%\u003C\u002Ftd>\u003Ctd>4,70\u003C\u002Ftd>\u003Ctd>jul-31\u003C\u002Ftd>\u003Ctd>-¹\u003C\u002Ftd>\u003Ctd>AFI, CFRA, FR, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>36\u003C\u002Ftd>\u003Ctd>CRI SERPASA\u003C\u002Ftd>\u003Ctd>5,0\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Agro\u003C\u002Ftd>\u003Ctd>BA\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>22D0382755\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003Ctd>4,92\u003C\u002Ftd>\u003Ctd>nov-31\u003C\u002Ftd>\u003Ctd>-¹\u003C\u002Ftd>\u003Ctd>AFI, CFR, FR, AVS\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>* Termos e definições no glossário (clique aqui). ¹Em revisão\u003C\u002Fp>\u003Ch3>Liquidez e Passivo\u003C\u002Fh3>\u003Cp>Liquidez\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_14_chart_3.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Dez-25\u003C\u002Fth>\u003Cth>2025\u003C\u002Fth>\u003Cth>12 Meses\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>ADTV (R$ milhões)\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Giro\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003Ctd>22,0%\u003C\u002Ftd>\u003Ctd>22,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Número de Cotistas (em milhares)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_14_chart_6.jpg\">\u003C\u002Fp>\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>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Assembleia\u003C\u002Ftd>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>Código B3\u003C\u002Ftd>\u003Ctd># de Matérias\u003C\u002Ftd>\u003Ctd>Voto Proferido\u003C\u002Ftd>\u003Ctd>Resultado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>16-dez-25\u003C\u002Ftd>\u003Ctd>CRI Tecnisa C\u003C\u002Ftd>\u003Ctd>24B1328842\u003C\u002Ftd>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>Aprovar\u003C\u002Ftd>\u003Ctd>Aprovado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>23-dez-25\u003C\u002Ftd>\u003Ctd>W Torre (Coworking Allianz)\u003C\u002Ftd>\u003Ctd>21G0479417\u003C\u002Ftd>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>Aprovar\u003C\u002Ftd>\u003Ctd>Aprovado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>23-dez-25\u003C\u002Ftd>\u003Ctd>CRI Cidade Matarazzo IPCA\u003C\u002Ftd>\u003Ctd>22C0509668\u003C\u002Ftd>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>Aprovar\u003C\u002Ftd>\u003Ctd>Aprovado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>26-dez-25\u003C\u002Ftd>\u003Ctd>CRI Tecnisa A\u003C\u002Ftd>\u003Ctd>20E1000787\u003C\u002Ftd>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>Aprovar\u003C\u002Ftd>\u003Ctd>Aprovado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>30-dez-25\u003C\u002Ftd>\u003Ctd>CRI Moreias\u003C\u002Ftd>\u003Ctd>22G0785359\u003C\u002Ftd>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>Aprovar\u003C\u002Ftd>\u003Ctd>Aprovado\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>PATRIA\u003C\u002Fh3>\u003Ch3>Anexos\u003C\u002Fh3>\u003Ch3>somos o PATRIA\u003C\u002Fh3>\u003Cp>Gestora \u003Cstrong>líder em Investimentos alternativos\u003C\u002Fstrong>, com \u003Cstrong>atuação global\u003C\u002Fstrong> \u003Cstrong>\u003Cu>em 4 continentes\u003C\u002Fu>\u003C\u002Fstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fp>\u003Cp>+ de \u003Cstrong>35 anos\u003C\u002Fstrong> de atuação em alternativos\u003C\u002Fp>\u003Cp>+ de \u003Cstrong>R$ 272 BI\u003C\u002Fstrong> sob gestão\u003C\u002Fp>\u003Cp>Uma das \u003Cstrong>maiores gestoras\u003C\u002Fstrong> de investimentos alternativos da América Latina\u003C\u002Fp>\u003Ch3>Real Estate\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_17_image_6.jpg\">\u003C\u002Fp>\u003Cp>Maior \u003Cstrong>gestora independente de FIIs\u003C\u002Fstrong> do Brasil\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_17_image_8.jpg\">\u003C\u002Fp>\u003Cp>+ \u003Cstrong>R$ 30 bilhões\u003C\u002Fstrong> sob gestão\u003C\u002Fp>\u003Cp>\u003Cstrong>+20 FIIs\u003C\u002Fstrong> listados na B3, \u003Cstrong>2 FIIs\u003C\u002Fstrong> negociados em ambiente CETIP, além de fundos exclusivos\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\u002F18039\u002Fpage_18_image_0.jpg\">\u003C\u002Fp>\u003Cp>Gestão de Recursos\u003C\u002Fp>\u003Cp>\u003Cstrong>realestate\u003C\u002Fstrong>.patria.com\u003C\u002Fp>\u003Ch3>- siga o - #Patria NasRedes\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_18_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_18_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_18_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u002Fpatria-investments-brasil\u003C\u002Fp>\u003Cp>@patriainvestments\u003C\u002Fp>\u003Cp>@patriainvestments\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F18039\u002Fpage_18_image_10.jpg\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FVCJR11\u002Fdocumentos\u002F18039\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1098096","2025-12-31","2026-01-30 18:09:00",2,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":89},"Relatório Gerencial VCJR11 de dezembro de 2025 | Kartac","Relatório Gerencial de dezembro de 2025 do VCJR11 (Vectis Juros Real), entrega em 30\u002F01\u002F2026. DY 12 meses de 18,06% e P\u002FVP 0,66 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCJR11\u002Fdocumentos\u002F18039","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\u002FVCJR11\u002Fdocumentos\u002F18039#pagina",{"@id":32},"2026-11-02",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCJR11\u002Fdocumentos\u002F18039#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCJR11\u002Fdocumentos\u002F18039#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 VCJR11 de dezembro de 2025",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCJR11#fundo","2026-01-30","2","2025-12",{"@type":25,"name":53,"identifier":54},"PATRIA - VBI SECURITIES LTDA",{"@type":55,"propertyID":56,"value":57},"PropertyValue","CNPJ","17.054.901\u002F0001-69",{"@type":25,"name":59},"INTRAG DISTRIBUIDORA DE TÍTULOS E VALORES MOBILIÁRIOS LTDA",{"@type":61,"@id":48,"name":62,"alternateName":63,"url":66,"category":67,"identifier":68,"provider":73},"InvestmentFund","Vectis Juros Real",[64,65],"VCJR11","VECTIS JUROS REAL FUNDO DE INVESTIMENTO IMOBILIÁRIO RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCJR11","Papel",[69,71],{"@type":55,"propertyID":70,"value":64},"Ticker B3",{"@type":55,"propertyID":56,"value":72},"32.400.250\u002F0001-05",{"@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 Vectis Juros Real (VCJR11), fundo imobiliário de papel, referente a dezembro de 2025, com entrega no FundosNet (B3) em 30\u002F01\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do VCJR11 fechou a R$ 61,89, com P\u002FVP de 0,66 (valor patrimonial de R$ 93,92 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,82 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 18,06% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 1,4 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":98,"empresa":99,"gestor":103,"cotacoes":109,"patrimonio":228,"vpa":229,"p_vpa":230,"tipo_gestao":231,"mandato":232,"segmento":233,"categoria":67,"grupo":67,"preco_atual":226,"cotacao_atualizada_em":234,"ultima_variacao_cotacao_24h":235,"variacao_cotacao_7d":236,"variacao_cotacao_1m":237,"variacao_cotacao_3m":238,"variacao_cotacao_6m":239,"variacao_cotacao_12m":240,"vacancia_fisica":232,"liquidez_atual":241,"ultimo_dividendo":242,"ultimo_dividend_yield":243,"mes_pagamento_ultimo_dividendo":244,"dividend_yield_3m":245,"dividend_yield_6m":246,"dividend_yield_12m":247,"dividend_yield_medio_12m":248,"qtd_dividendos_pagos_ano_passado":249,"data_ultima_cotacao":224,"pregoes_com_negocio_21":250,"alertas":251,"updated_at":252,"liquidez_media_reais":253,"administrador":59,"taxa_administracao_paga":232,"balanco":254,"resultado_distribuido":261,"publico_alvo":266,"mercados_negociacao_cotas":267,"data_funcionamento":269,"data_final":232,"quantidade_cotas":270,"quantidade_cotistas":271,"detalhes_cotistas":272,"total_investido":278,"investimentos_fundo":279,"imoveis":282,"contratos":232,"custodiante":284,"auditor_independente":290,"formador_mercado":232,"distribuidor_cotas":232,"consultor_especializado":232,"administrador_locacoes":232,"relatorio_anual":297,"analise_administrador":300},458,{"nome":65,"nome_simplificado":100,"nome_comercial":62,"ticker":64,"nome_ticker":101,"nome_pregao":102,"cnpj":72},"VECTIS JUROS REAL  RESPONSABILIDADE LIMITADA","VCJR11 - 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Funchal, 418, 27º andar - Sala 67","(11) 2344-2525","2026-10-03T18:54:43.000000Z",[110,116,122,128,133,139,145,151,157,163,169,175,180,186,192,198,204,210,216,222],{"id":111,"data":112,"abertura":113,"ultimo":114,"volume":115},3288808,"2026-10-06",67.3,70,47317,{"id":117,"data":118,"abertura":119,"ultimo":120,"volume":121},3289183,"2026-10-07",69.4,71.13,65883,{"id":123,"data":124,"abertura":125,"ultimo":126,"volume":127},3290213,"2026-10-08",71,72.89,47554,{"id":129,"data":130,"abertura":126,"ultimo":131,"volume":132},3290961,"2026-10-09",74.8,47644,{"id":134,"data":135,"abertura":136,"ultimo":137,"volume":138},3356842,"2026-10-13",74.49,74.15,54802,{"id":140,"data":141,"abertura":142,"ultimo":143,"volume":144},3375593,"2026-10-14",73.98,74.79,36620,{"id":146,"data":147,"abertura":148,"ultimo":149,"volume":150},3376322,"2026-10-15",74.34,75.24,52035,{"id":152,"data":153,"abertura":154,"ultimo":155,"volume":156},3377114,"2026-10-16",74.3,74.81,30747,{"id":158,"data":159,"abertura":160,"ultimo":161,"volume":162},3445030,"2026-10-19",74.98,75.55,45622,{"id":164,"data":165,"abertura":166,"ultimo":167,"volume":168},3446622,"2026-10-20",75.49,75.06,43801,{"id":170,"data":171,"abertura":172,"ultimo":173,"volume":174},3459729,"2026-10-21",75.3,76.14,45087,{"id":176,"data":177,"abertura":173,"ultimo":178,"volume":179},3473574,"2026-10-22",75.5,48361,{"id":181,"data":182,"abertura":183,"ultimo":184,"volume":185},3488111,"2026-10-23",76.09,76.9,53600,{"id":187,"data":188,"abertura":189,"ultimo":190,"volume":191},3566245,"2026-10-26",69.21,70.82,54050,{"id":193,"data":194,"abertura":195,"ultimo":196,"volume":197},3580095,"2026-10-27",71.53,67.55,78780,{"id":199,"data":200,"abertura":201,"ultimo":202,"volume":203},3594106,"2026-10-28",67.93,66.6,17001,{"id":205,"data":206,"abertura":207,"ultimo":208,"volume":209},3609117,"2026-10-29",66.15,66.39,52846,{"id":211,"data":212,"abertura":213,"ultimo":214,"volume":215},3624797,"2026-10-30",66.93,64.94,55274,{"id":217,"data":218,"abertura":219,"ultimo":220,"volume":221},3682152,"2026-11-03",64.12,61.55,45873,{"id":223,"data":224,"abertura":225,"ultimo":226,"volume":227},3695611,"2026-11-04",61,61.89,72309,1382846839.04,93.92,"0.66","Ativa",null,"Outros","2026-11-05 09:00","0.0055","-0.0678","-0.1159","-0.0998","-0.2014","-0.1851",2767,"0.8200","0.0126","Nov\u002F2026","0.0431","0.0997","0.1806","0.0124",12,21,[],"05\u002F11\u002F2026 08:04",3516661.34,{"data_referencia":255,"ativo":256,"passivo":257,"obrigacoes_imoveis":258,"obrigacoes_securitizacao":258,"liquidez":259,"valores_receber":260},"2026-09-01",1395864558.69,13017719.65,0,99634463.17,1821344.77,{"data_referencia":262,"resultado":263,"rendimentos":264,"percentual":265},"2026-06-30",79096341.9,84221108.395,1.0647914476434213,"Investidores em Geral",[268],"Bolsa","2019-10-09",14723970,26875,{"Pessoa Física":273,"Pessoa jurídica não financeira":274,"Outros fundos de investimento":275,"Fundos de investimento imobiliário":276,"Investidores não residentes":277,"Entidade aberta de previdência complementar":88,"Entidade fechada de previdência complementar":88,"Corretora ou distribuidora":15,"Banco Comercial":80,"Outros tipos de cotistas não relacionados":80},26745,55,26,20,17,1294408750.75,{"CRI \u002F CRA":280,"Cotas de FIIs":281},1283434103.99,10974646.76,{"vacancia_total":258,"lista_imoveis":283,"data_referencia":262,"vacancia_suspeita":11},[],{"id":249,"nome":285,"cnpj":286,"endereco":287,"telefone":288,"created_at":289,"updated_at":289},"ITAÚ UNIBANCO S.A.","60701190000104","Praça Alfredo Egydio de Souza Aranha, 100, São Paulo\u002FSP CEP 04344902","(11) 3072 6266","2026-10-03T18:50:54.000000Z",{"id":291,"nome":292,"cnpj":293,"endereco":294,"telefone":295,"created_at":296,"updated_at":296},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":298,"data_disponibilizacao":299},"2026","2026-09-28",{"ResultadoFundo":301,"ConjunturaEconomica":302,"PerspectivaPeriodoSeguinte":303},"Os resultados do fundo de investimento podem ser consultados diretamente na demonstração financeira do fundo (DF). Esta documentação estara disponível para consulta em: (https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FabrirGerenciadorDocumentosCVM), e proporciona uma visão detalhada do desempenho e das operações realizadas ao longo do período.","No período de junho de 2025 a junho de 2026, o mercado imobiliário e a indústria de Fundos de Investimento Imobiliário (FIIs) permaneceram influenciados pelo cenário macroeconômico, especialmente pela evolução da política monetária, das taxas de juros e das condições fiscais. Nesse contexto, observou-se maior seletividade dos investidores, com diferenciação de desempenho entre os segmentos da indústria. Fundos com ativos imobiliários de qualidade e contratos resilientes, bem como aqueles expostos a operações de crédito estruturadas com garantias consistentes, apresentaram maior capacidade de preservação de resultados. Apesar da volatilidade observada ao longo do período, os FIIs mantiveram sua relevância como instrumento de investimento, reforçando a importância da gestão ativa e da seleção criteriosa de ativos para a geração sustentável de valor e rendimentos.","Considerando o cenário observado ao final do período findo em junho de 2026, a perspectiva para o período seguinte permanece condicionada à evolução do ambiente macroeconômico, em especial à trajetória das taxas de juros, da inflação e das condições fiscais. Nesse contexto, espera-se a continuidade de um mercado seletivo, no qual ativos com fundamentos sólidos, contratos resilientes e adequada relação entre risco e retorno tendam a apresentar melhor desempenho relativo. Diante desse cenário, a gestão do Fundo deverá manter uma postura diligente e proativa na condução da estratégia de investimentos, priorizando a diversificação da carteira e a alocação em ativos compatíveis com sua política de investimento. Permanecerá, ainda, o monitoramento "]