[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:VSHO11:6724":3,"seo:\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6724":16,"fii-documento:VSHO11":89},{"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},6724,"(VSHO) Outros Relatórios - 31\u002F03\u002F2026","Outros Relatórios","Relatórios","(Ativo)","\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0001-00.png\">\u003C\u002Fp>\u003Cp>*\u003Cbr>“h:\u003Cbr>1h Hi]\u003Cbr>b MNIM 1EE di aê\u003Cbr>! q rd ae a é \u003Cem>\u003Cbr>YR | Gua po 0ºa” 5 AÊão Na a\u003Cbr>ia a6\" gas\u003Cbr>4|\u003Cbr>“ dy\u003Cbr>| |\u003Cbr>j |\u003Cbr>a”\u003Cbr>s sy né\u003Cbr>RA aºSsx no - a\u003C\u002Fem>\u003Cbr>ds\u003Cbr>RA e\u003Cbr>a :\u003Cbr>) Roy: y n\u003Cbr>- =\u003Cbr>.\u003Cbr>p' AB \" A\u003Cbr>E - “ R TR » EK\u003Cbr>z -\u003Cbr>.\u003Cbr>RADO [ M s\u003Cbr>AO QUAD\u003Cbr>“\u003Cbr>Ca SN A Th\u003Cbr>\u003C\u002Fp>\u003Cp>[MARÇO \u002F 2026]\u003C\u002Fp>\u003Ch6>*\u003Cem>\u003Cem>\u003C\u002Fem>\u003C\u002Fem> N Agenda\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0002-01.png\">\u003C\u002Fp>\u003Cp>[TIVIO]= — 2\u003Cbr>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>[ 1 ] Tivio Capital e Tivio Real Estate\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>[ 2 ] Fundos Listados\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0002-05.png\">\u003C\u002Fp>\u003Cp>*\u003Cem>\u003Cem>\u003C\u002Fem>\u003C\u002Fem>\u003C\u002Fp>\u003Cp>*\u003Cem>\u003Cem>\u003C\u002Fem>\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0003-02.png\">\u003C\u002Fp>\u003Cp>QUADRADO\u003Cbr>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0003-04.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch6>Tivio Capital e Tivio Real Estate\u003C\u002Fh6>\u003Cp>*\u003Cem>\u003Cem>\u003C\u002Fem>\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0004-00.png\">\u003C\u002Fp>\u003Cp>CAPITAL\u003Cbr>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Uma gestora de recursos independente\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0004-02.png\">\u003C\u002Fp>\u003Cp>—\u003Cbr>\u003C\u002Fp>\u003Cp>Focada em investimentos alternativos\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0005-00.png\">\u003C\u002Fp>\u003Cp>Nossa gestora de recursos é focada em investimentos alternativos, tendo mais de \u003Cstrong>R$31 bi\u003C\u002Fstrong> de ativos sob gestão.*\u003C\u002Fp>\u003Cp>Em 2022, Banco BV e Banco Bradesco firmaram uma parceria estratégica para reposicionar a ex BV asset como uma gestora de recursos independente, focada em ativos alternativos, renomeada como Tivio Capital.\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cstrong>+31 bi\u003C\u002Fstrong>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cstrong>+40\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>+120 26\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Ativos sob gestão\u003C\u002Fp>\u003Cp>Profissionais de Investimento\u003C\u002Fp>\u003Cp>Fundos de investimento desde a criação\u003C\u002Fp>\u003Cp>Anos de história\u003C\u002Fp>\u003Cp>Fonte: Ranking Anbima – JAN26\u003C\u002Fp>\u003Ch6>Time de gestão\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-01.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-02.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+24 anos\u003C\u002Fstrong> de experiência em mercado de capitais e Real Estate\u003C\u002Fp>\u003Cp>\u003Cstrong>+17 anos\u003C\u002Fstrong> de experiência em mercado de capitais e Real Estate\u003C\u002Fp>\u003Ch6>\u003Cstrong>Adriano Mantesso\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>Erica Souza\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>GESTÃO TIJOLOS\u003C\u002Fp>\u003Cp>REAL ESTATE\u003C\u002Fp>\u003Cp>Head de alguns dos maiores FIIs do Brasil¹. Experiências anteriores incluem posições como Head Latam na Ivanhoé Cambridge, Partner do BTG e Diretor Executivo da Brazilian Capital.\u003C\u002Fp>\u003Cp>Atuou como Managing Director na Vinci Partners, onde participou e liderou por 13 anos na estruturação de Fundos de Investimentos Imobiliários (FIIs). Previamente trabalhou na Concremat Engenharia e Lloyds Bank.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-11.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-12.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-13.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+15 anos\u003C\u002Fstrong> de experiência em mercado de capitais e Real Estate\u003C\u002Fp>\u003Ch6>\u003Cstrong>Marcelo Guerra\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>ESTRUTURADOS\u003C\u002Fp>\u003Cp>Foi Head de Logística na Tellus. Previamente, trabalhou por 6 anos com Private Equity no setor de Energia & Infra, e atuou em Project Finance no Banco Votorantim e Santander.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-18.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-19.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+14 anos\u003C\u002Fstrong> de experiência em mercado de capitais e Real Estate\u003C\u002Fp>\u003Ch6>\u003Cstrong>André Sarué\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>FUNDOS IMOBILIÁRIOS LÍQUIDOS Atuou por 8 anos na CSHG e, posteriormente, Patria Investimentos, sendo responsável pela gestão do HGFF11 e carteira líquida dos FIIs detidos. Anteriormente, trabalhou na Citibank DTVM.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-23.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-24.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+14 anos\u003C\u002Fstrong> de experiência em \u003Cem>operations\u003C\u002Fem> e \u003Cem>Property Management\u003C\u002Fem>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Mariane Ferreira\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>ASSET MANAGEMENT IMOBILIÁRIO Experiência em gestoras do mercado imobiliário, tendo sido sócia cofundadora da Fator Real Estate, e atuado previamente nas áreas de \u003Cem>operations\u003C\u002Fem> e \u003Cem>property\u003C\u002Fem> management do JP Morgan, Gávea Investimentos e BTG Pactual.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-28.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-29.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-30.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+ 12 anos\u003C\u002Fstrong> atuando no mercado imobiliária pela Brookfield Properties\u003C\u002Fp>\u003Ch6>\u003Cstrong>Vitor Engelmann\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>COMERCIAL\u003C\u002Fp>\u003Cp>Experiência comprovada em gestão de projetos, obras e negociação. Participando do desenvolvimento e acompanhamento de obras como 17007 Nações, Manhattan West, L'Oreal, O Parque, Passeio Paulista e Arquipeo, e de aquisições de edifícios corporativos, parques logísticos, e multifamily.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0006-35.png\">\u003C\u002Fp>\u003Cp>6\u003C\u002Fp>\u003Ch6>Time de gestão\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-01.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-02.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+8 anos\u003C\u002Fstrong> de experiência em mercado de capitais e construção civil\u003C\u002Fp>\u003Cp>\u003Cstrong>+ 10 anos\u003C\u002Fstrong> atuando no mercado da construção civil.\u003C\u002Fp>\u003Ch6>\u003Cstrong>Paulo Fleck\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>Marlon Moraes, CPro-I\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>ENGENHARIA\u003C\u002Fp>\u003Cp>ASSET MANAGEMENT\u003C\u002Fp>\u003Cp>Atuando na execução e gestão de projetos de infraestrutura, hospitalar, centro de pesquisa, retrofit comercial, habitacional e industrial, para empresas multinacionais como FEMSA, BAT, UHG, Instituto Butantã, AMBEV e Allianz Seguros.\u003C\u002Fp>\u003Cp>Experiência com operações e gestão de Fundos de Investimentos Imobiliários.\u003C\u002Fp>\u003Cp>Engenheiro civil de formação, atuou por 4 anos no mercado de construção civil.e facilities. Fez parte da área de gestão de Fundos Imobiliários da CSHG e, posteriormente, do Pátria Investimentos.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-12.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-13.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-14.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+ 7 anos\u003C\u002Fstrong> de experiência atuando na área de FP&A, Varejo e Atacado\u003C\u002Fp>\u003Ch6>\u003Cstrong>Nikolas Stankevicius, CGA\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>ASSET MANAGEMENT\u003C\u002Fp>\u003Cp>Atuou no Banco Votorantim e Tivio Capital, passando por áreas de Varejo e Atacado.\u003C\u002Fp>\u003Cp>Atualmente no time de controladoria dos Fundos Imobiliários Tijolo. Formando em Engenharia Elétrica pela POLI-USP e possui certificações ANBMA CGA e CGE.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-20.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-21.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+ 7 anos\u003C\u002Fstrong> de experiência em Fundos de Investimentos Imobiliários\u003C\u002Fp>\u003Ch6>\u003Cstrong>Paula Savino, CGA\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>ASSET MANAGEMENT\u003C\u002Fp>\u003Cp>Experiência com Research e Análise de Fundos de Investimentos imobiliários.\u003C\u002Fp>\u003Cp>Atuou na área de gestão e operações da Fator Real Estate, realizando o controle e reporting de fundos de desenvolvimento imobiliário e análise e monitoramento da carteira de FIIs.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-27.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-28.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-29.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+ 7 anos\u003C\u002Fstrong> atuando com Mercado de Capitais\u003C\u002Fp>\u003Ch6>\u003Cstrong>Lucas Sonagere\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>ASSET MANAGEMENT\u003C\u002Fp>\u003Cp>Experiência regulatória com Fundos de Investimento e financiamento imobiliário.\u003C\u002Fp>\u003Cp>Advogado de formação, atuou em operações de equity e debt nos mercados financeiro e de capitais, incluindo estruturação de fundos de investimento, ofertas públicas de valores mobiliários, operações de securitização, dívida, financiamento de projetos e reestruturação de dívidas.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0007-35.png\">\u003C\u002Fp>\u003Cp>7\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0008-00.png\">\u003C\u002Fp>\u003Ch6>Novos fundos\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0008-02.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0008-03.png\">\u003C\u002Fp>\u003Cp>Data base: 28\u002F02\u002F2026\u003C\u002Fp>\u003Cp>\u003Cstrong>Veículo\u003C\u002Fstrong> Tivio Opportunities IPCA FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>O que é?\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>Fundo de Investimento Imobiliário com o objetivo de adquirir cotas de fundos imobiliários consolidados no mercado secundário aproveitando os atuais níveis de descontos dos preços em relação aos valores patrimoniais.\u003C\u002Fp>\u003Cp>\u003Cstrong>Volume da Oferta\u003C\u002Fstrong> (Cota Sênior – 75%)\u003C\u002Fp>\u003Ch6>\u003Cstrong>R$ 400 milhões\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cstrong>Tipo \u002F Prazo Tributação¹\u003C\u002Fstrong> Fundo Listado com Isento IRPF (dividendos) \u003Cem>lock up\u003C\u002Fem> \u003Cstrong>Objetivo de Retorno\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cstrong>IPCA 9,0% a.a Até 5 anos\u003C\u002Fstrong> (Podendo chegar até 15,5% a.a em caso de amortização antecipada.)\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0008-15.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0008-16.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch6>\u003Cstrong>R$ 500 milhões\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0008-19.png\">\u003C\u002Fp>\u003Ch6>Fundos Imobiliários\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0009-01.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>Fundos - Tijolo\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0009-03.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>Fundos - Papel\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0009-05.png\">\u003C\u002Fp>\u003Cp>Data base: 28\u002F02\u002F2025\u003C\u002Fp>\u003Ch6>\u003Cstrong>TVRI11\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cstrong>GTWR11\u003C\u002Fstrong> Lajes Corporativas\u003C\u002Fp>\u003Cp>\u003Cstrong>BBRC11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>VSHO11\u003C\u002Fstrong> Shopping\u003C\u002Fp>\u003Cp>Renda Urbana\u003C\u002Fp>\u003Cp>Renda Urbana\u003C\u002Fp>\u003Cp>\u003Cstrong>+R$1,6 bi +R$1,2 bi +R$134 mi +R$166 mi\u003C\u002Fstrong> patrimônio patrimônio patrimônio patrimônio líquido líquido líquido líquido\u003C\u002Fp>\u003Cp>\u003Cstrong>306,4 mil m²\u003C\u002Fstrong> ABL\u003C\u002Fp>\u003Cp>\u003Cstrong>64,4 mil m² 46,7 mil m² 15,4 mil m²\u003C\u002Fstrong> ABL ABL ABL \u003Cstrong>\u003Cu>Saiba mais Saiba mais Saiba mais\u003C\u002Fu>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>\u003Cu>Saiba mais\u003C\u002Fu>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0009-18.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0009-19.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0009-20.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0009-21.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>VOTS11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>CRI\u002FFOF\u003C\u002Fp>\u003Ch6>\u003Cstrong>+R$77 mi\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>patrimônio líquido Alocação majoritáriamente em CRIs e FIIs \u003Cstrong>\u003Cu>Saiba mais\u003C\u002Fu>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0009-26.png\">\u003C\u002Fp>\u003Cp>*\u003Cem>\u003Cem>\u003C\u002Fem>\u003C\u002Fem>\u003C\u002Fp>\u003Cp>*\u003Cem>\u003Cem>\u003C\u002Fem>\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0010-02.png\">\u003C\u002Fp>\u003Cp>QUADRADO\u003Cbr>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0010-04.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch6>Fundos \u003Cstrong>Listados\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>*\u003Cem>\u003Cem>\u003C\u002Fem>\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0011-00.png\">\u003C\u002Fp>\u003Ch4>\u003Cstrong>\u003Cu>TVRI11\u003C\u002Fu>\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Valor Patrimonial Valor de Mercado P\u002FPV \u003Cstrong>R$ 1,66 bi R$ 1,61 bi 0,97\u003C\u002Fstrong> ooo Dividend Cota de Fechamento Rendimento por Cota Yield (LTM) \u003Cstrong>R$ 101,00 R$ 1,05 13,18%\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>TIVIO Renda Imobiliária\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0011-04.png\">\u003C\u002Fp>\u003Cp>My =—— BR cia\u003Cbr>A n\"” | a py ua | E u , Ee Ser à e\u003Cbr>My pad SR TA q = = ENA Amas da one E “a Er\u003Cbr>TE pad E SS SS. A TESE\u003Cbr>a Fi pe Is 1) | ! IEa:IE E CREA (adoA\u003Cbr>\u003C\u002Fp>\u003Cp>Numero de Cotistas \u003Cstrong>59.925\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>ABL (m²) \u003Cstrong>290 mil\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Média de Volume (ADTV)\u003C\u002Fp>\u003Cp>Retorno 12 meses \u003Cstrong>32,0%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 1,22 mi\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Clique aqui e acesse o Relatório Gerencial\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Data Base: 28\u002F02\u002F2026.\u003C\u002Fp>\u003Ch2>Tivio Renda Imobiliária \u003Cstrong>TVRI11 Atividade Comercial desde\u003C\u002Fstrong> ~~CS~~ \u003Cstrong>o início da gestão ativa\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cstrong>44 propostas de venda 8 vendas realizadas avaliadas totalizando totalizando mais de R$ 162,7 MM R$ 1,4 bi\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Valor de Venda 42%\u003C\u002Fstrong> acima do preço de PL\u003C\u002Fp>\u003Cp>\u003Cstrong>Vendas atualmente Resultado não em negociação recorrente gerado totalizando mais de R$ 2,89\u002Fcota R$250 MM\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>2 aquisições totalizando R$84,1 MM\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Início da gestão ativa\u003C\u002Fstrong> Aquisição \u003Cstrong>Sem alteração de\u003C\u002Fstrong> Venda Venda Venda \u003Cstrong>Day Hospital\u003C\u002Fstrong> Venda \u003Cstrong>taxa Brás Catedral Sorocaba Maringá Santo André Toledo Ago\u002F23 Jun\u002F24 Abril\u002F25 Julho\u002F25 Dez\u002F25 Jan\u002F26\u003C\u002Fstrong> ~~aa~~ ~~lg ls == mm~~ \u003Cstrong>Nov\u002F23 Jun\u002F24 Abril\u002F25 Ago\u002F25 Dez\u002F25\u003C\u002Fstrong> ~~er r~~ Venda Venda Venda Venda Aquisição \u003Cstrong>Juiz de Fora Tijuca Ponta Grossa Paraíso Hortifruti\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Cap das negociações\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>Reposicionamento do portfólio com geração de valor e aumento da rentabilidade\u003C\u002Fp>\u003Cp>\u003Cstrong>10,48%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0012-09.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>8,25%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0012-11.png\">\u003C\u002Fp>\u003Cp>Vendas\u003C\u002Fp>\u003Cp>Aquisições\u003C\u002Fp>\u003Cp>Tivio Renda Imobiliária \u003Cstrong>TVRI11\u003C\u002Fstrong> ~~RR~~\u003C\u002Fp>\u003Ch6>\u003Cstrong>Atividade Comercial desde o início da gestão ativa\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0013-02.png\">\u003C\u002Fp>\u003Cp>sr\u003Cbr>\u003C\u002Fp>\u003Ch6>\u003Cstrong>RESULTADO NÃO RECORRENTE (LUCRO DAS VENDAS) – R$\u002FCOTA\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>Data da Venda\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Valor da Venda\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>% Acima do\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>patrimonial\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Lucro gerado\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>por cota\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>RESULTADO NÃO RECORRENTE (LUCRO DAS VENDAS) – R$\u002FCOTA\u003C\u002Fstrong>\u003Cbr>Fluxo de resultado não recorrente a ser recebido nos próximos meses\u003Cbr>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Ag. Juiz de Fora\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>nov\u002F23\u003C\u002Ftd>\u003Ctd>R$ 54,0\u003C\u002Ftd>\u003Ctd>59%\u003C\u002Ftd>\u003Ctd>R$1,78\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ag. Brás\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>jun\u002F24\u003C\u002Ftd>\u003Ctd>R$ 15,5\u003C\u002Ftd>\u003Ctd>35%\u003C\u002Ftd>\u003Ctd>R$0,15\u003C\u002Ftd>\u003Ctd>Ag. Juiz de Fora\u003Cbr>Ag. Brás\u003Cbr>Ag. Tijuca\u003Cbr>Ag. Ponta Gross\u003Cbr>Ag. Maringá\u003Cbr>Ag. Toledo\u003Cbr>Total a Receber\u003Cbr>Ag. Paraíso\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ag. Tijuca\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>jun\u002F24\u003C\u002Ftd>\u003Ctd>R$ 17,5\u003C\u002Ftd>\u003Ctd>14%\u003C\u002Ftd>\u003Ctd>R$0,32\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,421\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ag. Catedral-\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Sorocaba\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>abr\u002F25\u003C\u002Ftd>\u003Ctd>R$ 6,1\u003C\u002Ftd>\u003Ctd>12%\u003C\u002Ftd>\u003Ctd>R$0,01\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ag. Ponta\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Grossa\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>abr\u002F25\u003C\u002Ftd>\u003Ctd>R$ 14,5\u003C\u002Ftd>\u003Ctd>30%\u003C\u002Ftd>\u003Ctd>R$0,07\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ag. Maringá\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003C\u002Ftd>\u003Ctd>R$ 24,0\u003C\u002Ftd>\u003Ctd>37%\u003C\u002Ftd>\u003Ctd>R$0,09\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ag. Paraíso\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>ago\u002F25\u003C\u002Ftd>\u003Ctd>R$ 18,1\u003C\u002Ftd>\u003Ctd>43%\u003C\u002Ftd>\u003Ctd>R$0,28\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,090\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,130\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,089\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ag. Toledo\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>jan\u002F26\u003C\u002Ftd>\u003Ctd>R$ 13,0\u003C\u002Ftd>\u003Ctd>57%\u003C\u002Ftd>\u003Ctd>R$0,20\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Total\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 162,7\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>42%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$2,89\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Ag. Tijuca\u003C\u002Fth>\u003Cth>Ag. Ponta Grossa\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Total a Receber\u003C\u002Ftd>\u003Ctd>Ag. Paraíso\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>0,090\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,089\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,032\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>1S2026\u003Cbr>\u003C\u002Ftd>\u003Ctd>2S2026\u003Cbr>\u003C\u002Ftd>\u003Ctd>1S2027\u003Cbr>\u003C\u002Ftd>\u003Ctd>2S2027\u003C\u002Ftd>\u003Ctd>1S2028\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>Ag. Juiz de Fora Ag. Brás Ag. Tijuca Ag. CatedralSorocaba Ag. Ponta Grossa Ag. Maringá Ag. Paraíso Ag. Toledo Total\u003C\u002Fstrong> ~~\u003Cu>E\u003C\u002Fu>~~\u003C\u002Fp>\u003Cp>Ag. Juiz de Fora Ag. Brás Ag. Maringá Ag. Toledo \u003Cstrong>\u003Cu>0,421 0,130 0,090\u003C\u002Fu>\u003C\u002Fstrong> 1S2026 2S2026 1S2027 ~~\u003Cu>|.\u003C\u002Fu>~~\u003C\u002Fp>\u003Cp>23\u003C\u002Fp>\u003Ch6>\u003Cstrong>Fundo pré e pós desde e início da gestão ativa\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cstrong>ANTES\u003C\u002Fstrong> Locatários\u003C\u002Fp>\u003Cp>\u003Cstrong>100% bancos\u003C\u002Fstrong> Contratos\u003C\u002Fp>\u003Cp>\u003Cstrong>100% típicos\u003C\u002Fstrong> Vencimento dos Contratos \u003Cstrong>100% em 2027\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Tivio Renda Imobiliária \u003Cstrong>TVRI11\u003C\u002Fstrong> ~~Po~~ [TIVIOJ?\u003C\u002Fh3>\u003Cp>\u003Cstrong>DEPOIS\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>4,2% 95,8% bancos Varejo & Saúde\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>3% 97% típico Atípico\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>93% em 2027 7% após 2032\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Aluguel Médio (fevereiro 2025)\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 54,8 \u002F m²\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 60,3 \u002Fm²\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Tivio Renda Imobiliária \u003Cstrong>TVRI11\u003C\u002Fstrong> ~~Do~~ [TIvIO]?\u003C\u002Fp>\u003Ch6>\u003Cstrong>Portfólio\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>58\u003C\u002Fstrong> imóveis\u003C\u002Fh6>\u003Ch6>\u003Cstrong>DISTRIBUIÇÃO DE IMÓVEIS POR ESTADO\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0015-04.png\">\u003C\u002Fp>\u003Cp>PA\u003Cbr>290.206 m²de ABL\u003Cbr>AM\u003Cbr>2,8% CE\u003Cbr>2,4%\u003Cbr>1,1%\u003Cbr>SE\u003Cbr>14 estados\u003Cbr>MT\u003Cbr>1,6%\u003Cbr>DF\u003Cbr>0,3%\u003Cbr>13,5\u003Cbr>GO %\u003Cbr>2,7%\u003Cbr>MG\u003Cbr>14,4%\u003Cbr>MS\u003Cbr>2,0%\u003Cbr>SP\u003Cbr>RJ\u003Cbr>39,4%\u003Cbr>PR 6,5%\u003Cbr>53% 33% 14%\u003Cbr>5,3%\u003Cbr>Lajes Corporativas Renda Lajes\u003Cbr>SC\u003Cbr>+ Renda Urbana Urbana Corporativas\u003Cbr>2,9%\u003Cbr>RS\u003Cbr>4,4%\u003Cbr>© Microsoft, OpenStreetMap, Overture Maps Fu\u003Cbr>\u003C\u002Fp>\u003Cp>Powered © Microsoft, OpenStreetMap, Overture Maps Fu 25\u003C\u002Fp>\u003Ch6>\u003Cstrong>Locações, Vacância e Ações\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch3>Tivio Renda Imobiliária \u003Cstrong>TVRI11\u003C\u002Fstrong> ~~Po~~ [TIVIOJ?\u003C\u002Fh3>\u003Ch6>\u003Cstrong>VACÂNCIA FÍSICA E FINANCEIRA (%)\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>AÇÕES\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>AG. CARIJÓS AG. IPIRANGA-SP\u003C\u002Fp>\u003Cp>ED. CACEX\u003C\u002Fp>\u003Cp>CSL CURITIBA\u003C\u002Fp>\u003Cp>AG. CINELÂNDIA\u003C\u002Fp>\u003Cp>Negociação para venda de ativos vagos\u003C\u002Fp>\u003Cp>AG. SÃO JOSÉ DO RIO PRETO-SP\u003C\u002Fp>\u003Cp>AG. PC. XV NOVEMBRO BESC\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0016-11.png\">\u003C\u002Fp>\u003Cp>Atividade comercial junto a corretores para busca de novas locações\u003C\u002Fp>\u003Cp>Estudos de mudança de uso\u003C\u002Fp>\u003Cp>26\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Rendimento e Resultado\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>TVRI11\u003C\u002Fstrong>\u003Cbr>Tivio Renda Imobiliária\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0017-02.png\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>COMPOSIÇÃO DO RENDIMENTO MENSAL MÉDIO POR COTA EM 2025\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>RESULTADO RECORRENTE X RESULTADO NÃO RECORRENTE\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Resulta\u003C\u002Fth>\u003Cth>do Reco\u003C\u002Fth>\u003Cth>rrente\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>R\u003C\u002Fth>\u003Cth>esultad\u003C\u002Fth>\u003Cth>o não r\u003C\u002Fth>\u003Cth>ecorren\u003C\u002Fth>\u003Cth>te\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>1,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,04\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(0,05)\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>(0,02)\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,97\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,09\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,06\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,00\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,03\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003Cstrong>1,04\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,03\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,97\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,03\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,96\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,03\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,38\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,36\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,05\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,28\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,26\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,05\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,96\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,05\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,96\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,05\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,97\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,05\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,95\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,05\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,45\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,44\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,05\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,93\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,05\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,02\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,00\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,01\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,97\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,96\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,98\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,98\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,95\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,95\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,96\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,95\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,98\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,93\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>mar\u002F25\u003Cbr>\u003Cstrong>SALD\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>abr\u002F25\u003Cbr>\u003Cstrong>O DE R\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>mai\u002F25\u003Cbr>\u003Cstrong>ESULT\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>jun\u002F25\u003Cbr>\u003Cstrong>ADO N\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003Cbr>\u003Cstrong>ÃO DI\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>ago\u002F25\u003Cbr>\u003Cstrong>STRI\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>set\u002F25\u003Cbr>\u003Cstrong>BUIDO\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>out\u002F25\u003Cbr>\u003Cstrong>(R$ \u002F\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>nov\u002F25\u003Cbr>\u003Cstrong>COTA)\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>dez\u002F25\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003Ctd>jan\u002F26\u003Cbr>\u003C\u002Ftd>\u003Ctd>fev\u002F26\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Imobiliári\u003Cbr>\u003C\u002Ftd>\u003Ctd>a\u003Cbr>Receita Financeira\u003Cbr>Despesas Imobiliárias\u003Cbr>\u003C\u002Ftd>\u003Ctd>Taxas do Fundo\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003Ctd>Resultado Recorrent\u003Cbr>\u003C\u002Ftd>\u003Ctd>e\u003Cbr>Lucro das Vendas\u003Cbr>\u003C\u002Ftd>\u003Ctd>Resultado total\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,30\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,31\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,25\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,18\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,49\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,70\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,61\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,51\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,43\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,33\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,71\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,60\u003C\u002Fstrong>\u003Cbr>27\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Tivio Renda Imobiliária \u003Cstrong>TVRI11\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Mercado Secundário\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0018-02.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>PREÇO A MERCADO E PATRIMONIAL\u003C\u002Fstrong> (R$ \u002F cota)\u003C\u002Fh6>\u003Cp>Desde o inicio da gestão ativa a rentabilidade do TVRI foi de 63,3% superando em 2653 bps o IFIX no período\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0018-05.png\">\u003C\u002Fp>\u003Cp>28\u003C\u002Fp>\u003Cp>Tivio Renda Imobiliária \u003Cstrong>TVRI11\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Comparativos de Mercado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0019-02.png\">\u003C\u002Fp>\u003Cp>Eriviol\u003Cbr>\u003C\u002Fp>\u003Ch6>\u003Cstrong>DIVIDEND YIELD MÉDIO ANUALIZADO¹ - FUNDO vs. MERCADO\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0019-04.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>P\u002FVP – FUNDO vs. MERCADO\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0019-06.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0019-07.png\">\u003C\u002Fp>\u003Cp>¹Média dos dividendos mensais anualizados divididos pelas respectivas cotas de fechamento do último dia útil do mês.\u003C\u002Fp>\u003Cp>29\u003C\u002Fp>\u003Cp>Tivio Renda Imobiliária \u003Cstrong>TVRI11\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Objetivos da Gestão para 2026\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0020-02.png\">\u003C\u002Fp>\u003Cp>2\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cstrong>Crescimento do Fundo e aumento da liquidez\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Aumentar a diversificação do portfólio reduzindo a concentração de agências\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Alongamento do prazo médio dos contratos\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0020-06.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0020-07.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0020-08.png\">\u003C\u002Fp>\u003Cp>Trabalho comercial ativo para redução da vacância futura através de venda, locação ou mudança de uso dos ativos\u003C\u002Fp>\u003Cp>Manutenção dos esforços comerciais de venda de agências destravando valor e reduzindo a exposição do Fundo a ativos de maior risco.\u003C\u002Fp>\u003Cp>Aquisição de ativos com o caixa das vendas que tragam diversificação de locatários, segmentos, prazo de contrato e etc.\u003C\u002Fp>\u003Cp>Novas Ofertas podem acelerar o processo de diversificação necessário\u003C\u002Fp>\u003Cp>Monitoramento próximo aos locatários para renegociações de contrato e extensão de contratos como no caso de Florianópolis\u003C\u002Fp>\u003Cp>30\u003C\u002Fp>\u003Cp>Tivio Renda Imobiliária \u003Cstrong>TVRI11\u003C\u002Fstrong> ~~Po~~ [TIVIOJ?\u003C\u002Fp>\u003Ch6>\u003Cstrong>Critérios para o portfólio\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>Representatividade dos ativos 1\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>Priorizamos empreendimentos de tamanhos similares, assegurando equilíbrio e consistência dentro do portfólio.\u003C\u002Fp>\u003Ch6>\u003Cstrong>Ocupação eficiente 2\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>Garantimos baixa vacância ao selecionar imóveis com alta utilização pelos locatários e adequação às suas necessidades.\u003C\u002Fp>\u003Ch6>\u003Cstrong>Qualidade e estado de conservação do ativo\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cstrong>3\u003C\u002Fstrong> Buscamos manter imóveis que apresentam bom estado de conservação e que demandem menores investimentos em manutenção, promovendo eficiência financeira e operacional.\u003C\u002Fp>\u003Ch6>\u003Cstrong>4\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>Flexibilidade\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>Valorizamos propriedades versáteis, que permitem adaptações para novos usos e perfis diversificados de locatários.\u003C\u002Fp>\u003Ch6>\u003Cstrong>Potencial construtivo e estratégico\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cstrong>Potencial construtivo e estratégico 5\u003C\u002Fstrong> Consideramos terrenos com possibilidades de desenvolvimento futuro, alinhados a eventuais demandas do mercado imobiliário.\u003C\u002Fp>\u003Cp>31\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0022-00.png\">\u003C\u002Fp>\u003Ch5>\u003Cstrong>\u003Cu>GTWR11\u003C\u002Fu>\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Valor Patrimonial \u003Cstrong>R$ 1,22 bi\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Cota de Fechamento\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 85,94\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Valor de Mercado P\u002FPV \u003Cstrong>R$ 1,03 bi 0,85\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Dividend Yield (LTM) \u003Cstrong>13,57%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Rendimento por Cota \u003Cstrong>R$ 0,90\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>Green Towers\u003C\u002Fh6>\u003Cp>Numero de Cotistas \u003Cstrong>33.843\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Média de Volume (ADTV) \u003Cstrong>R$ 0,82 mi\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Retorno 12 meses \u003Cstrong>46,1%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cblockquote>\u003Cp>ABL (m²) \u003Cstrong>Clique aqui e acesse o 64 mil Relatório Gerencial\u003C\u002Fstrong>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>Data Base: 28\u002F02\u002F2026.\u003C\u002Fp>\u003Cp>Green Towers\u003C\u002Fp>\u003Ch6>\u003Cstrong>Sobre o Ativo\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>GTWR11\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0023-03.png\">\u003C\u002Fp>\u003Cp>[TIVIOJ?\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0023-04.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0023-05.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>TAXA DE OCUPAÇÃO E ALUGUEL MÉDIO POR M²\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>a >oo ne -TaTa ~~\u003Cu>2\u003C\u002Fu>~~\u003C\u002Fp>\u003Cp>Aluguel R$\u002Fm2 Ocupação (%)\u003C\u002Fp>\u003Cp>\u003Cstrong>~~100%~~\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0023-10.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>75.547 m²\u003C\u002Fstrong> de ABL\u003C\u002Fh6>\u003Ch6>\u003Cstrong>3 Torres\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cstrong>Heliponto Leed Silver\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong> IGPM\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong> CONTRATOS TÍPICOS\u003C\u002Fp>\u003Ch6>\u003Cstrong>39 elevadores\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>Vidro laminado termoacústico\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>Vencimento: Nov 2028\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>33\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Rendimento e Resultado\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>GTWR11\u003C\u002Fstrong>\u003Cbr>Green Towers\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0024-02.png\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>COMPOSIÇÃ\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>O DO RENDIMENT\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>O MENSAL M\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ÉDIO POR COT\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>A EM 2025\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>RESULTADO REC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ORRENTE X\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>REND\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>IMENT\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>O DIS\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>TRI\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>BUÍDO\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>0,91\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,02\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-0,01\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-0,03\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,87\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,88\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>Resultado Re\u003Cbr>\u003Cstrong>0,83\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,83\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,83\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,88\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>corrente\u003Cbr>\u003Cstrong>0,87\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,87\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>R\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>endiment\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>o Distribu\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>ído\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,88\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,91\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,91\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,87\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,88\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,88\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,89\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,88\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,91\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,91\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,90\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>fev\u002F25\u003Cbr>mar\u002F25\u003Cbr>abr\u002F25\u003Cbr>\u003Cstrong>SALDO DE RESUL\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>mai\u002F25\u003Cbr>jun\u002F25\u003Cbr>\u003Cstrong>TADO NÃO\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>jul\u002F25\u003Cbr>\u003Cstrong>DISTR\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>ago\u002F25\u003Cbr>\u003Cstrong>IBUID\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>set\u002F25\u003Cbr>\u003Cstrong>O (R$\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>out\u002F25\u003Cbr>\u003Cstrong>\u002F CO\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>nov\u002F25\u003Cbr>\u003Cstrong>TA)\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>dez\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>jan\u002F26\u003Cbr>\u003C\u002Ftd>\u003Ctd>fev\u002F26\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Imobiliária\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cbr>Receita Financeira\u003Cbr>\u003C\u002Ftd>\u003Ctd>Despesas\u003Cbr>\u003C\u002Ftd>\u003Ctd>Taxas do Fundo\u003Cbr>\u003C\u002Ftd>\u003Ctd>Resultado\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,07\u003Cbr>0,12\u003Cbr>0,18\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,19\u003Cbr>0,21\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,21\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,20\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,19\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,19\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,18\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,19\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,19\u003Cbr>\u003C\u002Ftd>\u003Ctd>34\u003Cbr>\u003Cstrong>0,15\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>GTWR11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Green Towers\u003C\u002Fp>\u003Ch6>\u003Cstrong>Mercado Secundário\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0025-03.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>PREÇO A MERCADO E PATRIMONIAL\u003C\u002Fstrong> (R$ \u002F cota)\u003C\u002Fh6>\u003Cp>A rentabilidade do GTWR no ultimo ano foi de 33,7% superando em 1252 bps o IFIX\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0025-06.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0025-07.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>VOLUME DE NEGOCIAÇÃO DIÁRIO – ADTV\u003C\u002Fstrong> (R$ mil)\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0025-09.png\">\u003C\u002Fp>\u003Cp>35\u003C\u002Fp>\u003Cp>\u003Cstrong>GTWR11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Green Towers\u003C\u002Fp>\u003Ch6>\u003Cstrong>Comparativos de Mercado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0026-03.png\">\u003C\u002Fp>\u003Cp>[rio\u003Cbr>\u003C\u002Fp>\u003Ch6>\u003Cstrong>DIVIDEND YIELD MÉDIO ANUALIZADO¹ -\u003C\u002Fstrong> FUNDO VS MERCADO\u003C\u002Fh6>\u003Cp>GTWR11 IFIX Lajes Multi\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0026-06.png\">\u003C\u002Fp>\u003Cp>¹Média dos dividendos mensais anualizados divididos pelas respectivas cotas de fechamento do último dia útil do mês.\u003C\u002Fp>\u003Cp>36\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0027-00.png\">\u003C\u002Fp>\u003Ch4>\u003Cstrong>\u003Cu>BBRC11\u003C\u002Fu>\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Valor Patrimonial Valor de Mercado P\u002FPV \u003Cstrong>R$ 166 mi R$ 168 mi 1,01\u003C\u002Fstrong> dá sas SÁ Dividend\u003C\u002Fp>\u003Cp>Rendimento por Cota\u003C\u002Fp>\u003Cp>Cota de Fechamento\u003C\u002Fp>\u003Cp>Yield (LTM) \u003Cstrong>13,42%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 1,05\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 105,7\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>BB Renda Corporativa FII\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0027-09.png\">\u003C\u002Fp>\u003Cp>Numero de Cotistas \u003Cstrong>8.790\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Média de Volume (ADTV)\u003C\u002Fp>\u003Cp>Retorno 12 meses \u003Cstrong>25,7%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 111 mil\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>ABL (m²) \u003Cstrong>Clique aqui e acesse o 14 mil Relatório Gerencial\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Data Base: 28\u002F02\u002F2026.\u003C\u002Fp>\u003Cp>\u003Cstrong>BBRC11\u003C\u002Fstrong> BB Renda Corporativa FII ~~Do~~ Evior\u003C\u002Fp>\u003Ch6>\u003Cstrong>Sobre o Portfólio\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>TAXA DE OCUPAÇÃO E ALUGUEL MÉDIO POR M²\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0028-03.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0028-04.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0028-05.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0028-06.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>21\u003C\u002Fstrong> Imóveis\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong> São Paulo\u003C\u002Fp>\u003Cp>\u003Cstrong>+14mil m²\u003C\u002Fstrong> de ABL\u003C\u002Fp>\u003Cp>\u003Cstrong>80%\u003C\u002Fstrong> de contratos típicos\u003C\u002Fp>\u003Cp>Aluguel R$\u002Fm2 Ocupaçao (%) \u003Cstrong>95%\u003C\u002Fstrong> ~~CS~~\u003C\u002Fp>\u003Cp>\u003Cstrong>128,3\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>120,2 108,2 110,3 114,7 113,1 113,3 106,6 112,3 112,7 108,2 98,6\u003C\u002Fstrong> mar\u002F25 abr\u002F25 mai\u002F25 jun\u002F25 jul\u002F25 ago\u002F25 set\u002F25 out\u002F25 nov\u002F25 dez\u002F25 jan\u002F26 fev\u002F26\u003C\u002Fp>\u003Cp>\u003Cstrong>VENCIMENTO DOS CONTRATOS\u003C\u002Fstrong> (em % da receita¹) ~~Co~~ Atípico Típico \u003Cstrong>39%\u003C\u002Fstrong> \u003Cstrong>5% 23% 19% 14%\u003C\u002Fstrong> 2026 2027 2028 2029 2030 2031 ~~\u003Cu>» Uln\u003C\u002Fu>~~ 38\u003C\u002Fp>\u003Ch6>\u003Cstrong>Rendimento e Resultado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>COMPOSIÇÃO DO RENDIMENTO MENSAL MÉDIO POR COTA EM 2025\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0029-02.png\">\u003C\u002Fp>\u003Cp>0,16 1,14\u003Cbr>0,05\u003Cbr>1,06\u003Cbr>-0,07 0,98\u003Cbr>-0,06\u003Cbr>Receita Finananceira Taxas do Fundo Lucro das Vendas\u003Cbr>Receita Imobiliária Despesas Resultado Recorrente Resultado Total\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cstrong>BBRC11\u003C\u002Fstrong> BB Renda Corporativa FII ~~Do~~ [TIVIO]?\u003C\u002Fh3>\u003Ch6>\u003Cstrong>RESULTADO RECORRENTE X RENDIMENTO DISTRIBUÍDO\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0029-05.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>BBRC11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>BB Renda Corporativa FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>Mercado Secundário\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>A rentabilidade do BBRC11 no ultimo ano foi de 15,9%, abaixo do IFIX em 527 bps.\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>BBRC IFIX CDI\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0030-05.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0030-06.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>PREÇO A MERCADO E PATRIMONIAL\u003C\u002Fstrong> (R$ \u002F cota)\u003C\u002Fh6>\u003Cp>Cota Patrimonial Cota Fechamento\u003C\u002Fp>\u003Cp>P\u002FVP\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0030-10.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>VOLUME DE NEGOCIAÇÃO DIÁRIO – ADTV\u003C\u002Fstrong> (R$ mil)\u003C\u002Fp>\u003Cp>\u003Cstrong>130 120 120 112 88 88 88 86 80 79 75 43\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>40\u003C\u002Fp>\u003Cp>\u003Cstrong>BBRC11\u003C\u002Fstrong> BB Renda Corporativa FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>Comparativos de Mercado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0031-02.png\">\u003C\u002Fp>\u003Cp>Eriviol\u003Cbr>\u003C\u002Fp>\u003Ch6>\u003Cstrong>DIVIDEND YIELD MÉDIO ANUALIZADO¹ -\u003C\u002Fstrong> FUNDO VS MERCADO\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0031-04.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>P\u002FVP – FUNDO vs. MERCADO\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0031-06.png\">\u003C\u002Fp>\u003Cp>¹Média dos dividendos mensais anualizados divididos pelas respectivas cotas de fechamento do último dia útil do mês.\u003C\u002Fp>\u003Cp>41\u003C\u002Fp>\u003Ch4>ENNIOa \u003Cstrong>\u003Cu>VSHO11\u003C\u002Fu>\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Valor Patrimonial Valor de Mercado P\u002FPV \u003Cstrong>R$ 242 mi R$ 165 mi 0,68\u003C\u002Fstrong> AS sd ss Dividend Cota de Fechamento Rendimento por Cota Yield (LTM) \u003Cstrong>R$ 78,99 R$ 0,70 11,19%\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch6>\u003Cstrong>Votorantim Shoppings\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0032-03.png\">\u003C\u002Fp>\u003Cp>e E\u003Cbr>\u003C\u002Fp>\u003Cp>Média de Volume (ADTV)\u003C\u002Fp>\u003Cp>Numero de Cotistas \u003Cstrong>2.910\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Retorno 12 meses \u003Cstrong>37,0%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 15 mil\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>ABL (m²) \u003Cstrong>Clique aqui e acesse o 45 mil Relatório Gerencial\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Data Base: 28\u002F02\u002F2026.\u003C\u002Fp>\u003Cp>\u003Cstrong>VSHO11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Votorantim Shopping FII\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0033-02.png\">\u003C\u002Fp>\u003Cp>[TIVIO]= 2\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0033-03.png\">\u003C\u002Fp>\u003Cp>Ano de Inauguração 1994\u003C\u002Fp>\u003Cp>ABL 11,7 mil m² Número de Lojas 81 Âncoras 3\u003C\u002Fp>\u003Cp>Estacionamento 204 vagas\u003C\u002Fp>\u003Cp>Principais Operações Casas Bahia, C&A, Lojas Americanas, Mc Donald’s, O Boticário\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0033-08.png\">\u003C\u002Fp>\u003Cp>43\u003C\u002Fp>\u003Cp>\u003Cstrong>VSHO11\u003C\u002Fstrong> Votorantim Shopping FII\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0034-01.png\">\u003C\u002Fp>\u003Cp>jm 2\u003Cbr>[TIVIO]\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0034-02.png\">\u003C\u002Fp>\u003Cp>MO rAIAS\u003Cbr>Hortolândia\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0034-03.png\">\u003C\u002Fp>\u003Cp>Ano de Inauguração 2011 ABL 19,1 mil m² Número de Lojas 120 Âncoras 4\u003C\u002Fp>\u003Cp>Estacionamento 722 vagas\u003C\u002Fp>\u003Cp>Salas de Cinema 5\u003C\u002Fp>\u003Cp>Principais Operações Tenda Atacado, C&A, Pernambucanas, Lojas Americanas, Marisa, McDonald’s, Burger King\u003C\u002Fp>\u003Cp>44\u003C\u002Fp>\u003Cp>\u003Cstrong>VSHO11\u003C\u002Fstrong> Votorantim Shopping FII\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0035-01.png\">\u003C\u002Fp>\u003Cp>[rivio]?\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0035-02.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0035-03.png\">\u003C\u002Fp>\u003Cp>Ano de Inauguração 2007 ABL 15,1 mil m²\u003C\u002Fp>\u003Cp>Número de Lojas 100 Âncoras 3\u003C\u002Fp>\u003Cp>Estacionamento 300 vagas\u003C\u002Fp>\u003Cp>Salas de Cinema 3\u003C\u002Fp>\u003Cp>Principais Operações Lojas Renner, Cobasi, Marisa, Drogasil, Kopenhagen, Mc Donald’s, O Boticário, Burger King\u003C\u002Fp>\u003Cp>45\u003C\u002Fp>\u003Cp>\u003Cstrong>VSHO11\u003C\u002Fstrong> Votorantim Shopping FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>Indicadores operacionais\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>NOI Portfolio\u003C\u002Fstrong> (R$ mil )\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0036-03.png\">\u003C\u002Fp>\u003Cp>2025 2026\u003Cbr>Jan Fev Mar Abr Mai Jun Jul Ago Set Out Nov Dez\u003Cbr>FLUXO DE VEÍCULOS TOTAL PORTFOLIO (mil)\u003Cbr>2025 2026\u003Cbr>128\u003Cbr>102\u003Cbr>93 92 89 95 99 98 97 96 90 96 97\u003Cbr>Jan Fev Mar Abr Mai Jun Jul Ago Set Out Nov Dez\u003Cbr>3.014\u003Cbr>2.557 2.476\u003Cbr>1.924 1.980 1.953 1.964 2.031\u003Cbr>1.850 1.858 1.847\u003Cbr>1.756\u003Cbr>1.359\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0036-04.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>VACÂNCIA PORTFOLIO\u003C\u002Fstrong> (%)\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0036-06.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>INADIMPLÊNCIA PORTFOLIO\u003C\u002Fstrong> (%)\u003C\u002Fh6>\u003Cp>2025 2026\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0036-09.png\">\u003C\u002Fp>\u003Cp>46\u003C\u002Fp>\u003Cp>\u003Cstrong>VSHO11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Votorantim Shopping FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>Rendimento e Resultado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0037-03.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>COMPOSIÇÃO DO RENDIMENTO MENSAL MÉDIO POR COTA EM 2025\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>RESULTADO RECORRENTE X RENDIMENTO DISTRIBUÍDO\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>Rendimento Distribuído\u003C\u002Fp>\u003Cp>Resultado Recorrente\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0037-08.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0037-09.png\">\u003C\u002Fp>\u003Cp>47\u003C\u002Fp>\u003Cp>\u003Cstrong>VSHO11\u003C\u002Fstrong> Votorantim Shopping FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>Mercado Secundário\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>A rentabilidade do VSHO11 no ultimo ano foi de 26,7% superando em 560 bps o IFIX.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0038-03.png\">\u003C\u002Fp>\u003Cp>VSHO IFIX CDI\u003Cbr>100%\u003Cbr>80%\u003Cbr>60%\u003Cbr>40%\u003Cbr>20%\u003Cbr>0%\u003Cbr>-20%\u003Cbr>-40%\u003Cbr>-60%\u003Cbr>jan-19 jul-19 jan-20 jul-20 jan-21 jul-21 jan-22 jul-22 jan-23 jul-23 jan-24 jul-24 jan-25 jul-25 jan-26\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0038-04.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>PREÇO A MERCADO E PATRIMONIAL\u003C\u002Fstrong> (R$ \u002F cota)\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0038-06.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>VOLUME DE NEGOCIAÇÃO DIÁRIO – ADTV\u003C\u002Fstrong> (R$ mil)\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0038-08.png\">\u003C\u002Fp>\u003Cp>48\u003C\u002Fp>\u003Cp>\u003Cstrong>VSHO11\u003C\u002Fstrong> Votorantim Shopping FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>Comparativos de Mercado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0039-02.png\">\u003C\u002Fp>\u003Cp>Eriviol\u003Cbr>\u003C\u002Fp>\u003Ch6>\u003Cstrong>DIVIDEND YIELD MÉDIO ANUALIZADO¹ -\u003C\u002Fstrong> FUNDO VS MERCADO\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0039-04.png\">\u003C\u002Fp>\u003Cp>¹Média dos dividendos mensais anualizados divididos pelas respectivas cotas de fechamento do último dia útil do mês.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0040-00.png\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Valor Patrimonial\u003Cbr>\u003Cstrong>R$ 77,5mi\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>Valor de Mercado\u003Cbr>\u003Cstrong>R$ 67,8bi\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>P\u002FPV\u003Cbr>\u003Cstrong>0,87\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>VOTS1\u003C\u002Fstrong>\u003Cbr>~~R~~\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1\u003C\u002Fstrong>\u003Cbr>Cota de Fechamento\u003Cbr>\u003Cstrong>R$ 81,84\u003C\u002Fstrong>\u003Cbr>~~R~~\u003C\u002Ftd>\u003Ctd>Rendimento por Cota\u003Cbr>\u003Cstrong>R$ 1,20\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>Dividend\u003Cbr>Yield (LTM)\u003Cbr>\u003Cstrong>17,60%\u003C\u002Fstrong>\u003Cbr>.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Tivo Securities FII\u003C\u002Fstrong>\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003Ctd>Numero de Cotistas\u003Cbr>\u003Cstrong>567\u003C\u002Fstrong>\u003Cbr>\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003Ctd>Média de Volume (ADTV)\u003Cbr>\u003Cstrong>R$ 3,38mil\u003C\u002Fstrong>\u003Cbr>Clique aqui e acesse o Relatório Gerencial\u003Cbr>\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003Ctd>Retorno 12 meses\u003Cbr>\u003Cstrong>21,85%\u003C\u002Fstrong>\u003Cbr>(Mercado Ajustada)\u003Cbr>\u003Cstrong>9,89%\u003C\u002Fstrong>\u003Cbr>(Patrimonial Ajustada)\u003Cbr>\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>CRIs\u003Cbr>\u003Cstrong>15\u003C\u002Fstrong>\u003Cbr>FIIs\u003Cbr>\u003Cstrong>36\u003C\u002Fstrong>\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Clique aqu\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Relatório\u003C\u002Fstrong>\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>i e acesse o\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Gerencial\u003C\u002Fstrong>\u003Cbr>\u003Cbr>\u003Csup>—\u003C\u002Fsup>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Data Base: 28\u002F02\u002F2026.\u003Cbr>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Composição da Cart\u003C\u002Fstrong>\u003Cbr>~~C~~\u003C\u002Fth>\u003Cth>\u003Cstrong>eira\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>VOTS11\u003C\u002Fstrong>\u003Cbr>\u003Cbr>~~TE~~\u003C\u002Fth>\u003Cth>Tivio Securities FII\u003Cbr>\u003Cbr>~~S~~\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>42,2\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>25,8\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>10,6\u003C\u002Fstrong>\u003Cbr>CRI\u003Cbr>FII\u003Cbr>Caixa\u003Cbr>\u003Cstrong>12,3%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>33,3%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>54,4%\u003C\u002Fstrong>\u003Cbr>~~\"~~\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-1,1\u003C\u002Fstrong>\u003Cbr>Contas a Pagar\u003Cbr>CAIXA\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>77,5\u003C\u002Fstrong>\u003Cbr>PL\u003Cbr>FII\u003Cbr>CRI\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>15,6%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>8,0%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>76,3%\u003C\u002Fstrong>\u003Cbr>Alocação por Indexador (% CRI)\u003Cbr>\u003Cstrong>0,8%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,1%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,4%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>2,9%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>3,2%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>3,8%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>4,8%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>5,8%\u003C\u002Fstrong>\u003Cbr>RBVA11\u003Cbr>CPTS11\u003Cbr>MXRF11\u003Cbr>KNUQ11\u003Cbr>RBRY11\u003Cbr>KNSC11\u003Cbr>VGIR11\u003Cbr>KNCR11\u003Cbr>\u003Cstrong>IPCA + 11,0% (MtM)\u003C\u002Fstrong>\u003Cbr>CDI + 1,8% (MtM)\u003Cbr>IGP-M+10,6% (\u003Cbr>\u003Cstrong>ALOCAÇÃO DE CRIs\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>ALOCAÇÃO DE FIIs\u003C\u002Fstrong>\u003Cbr>O\u003C\u002Ftd>\u003Ctd>\u003Cstrong>26,0%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>17,8%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>26,7%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>12,8%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>7,4%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>9,4%\u003C\u002Fstrong>\u003Cbr>Alocação por Setor (%\u003Cbr>\u003Cstrong>0,6\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,6%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,6%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,6%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,7%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,7%\u003C\u002Fstrong>\u003Cbr>\u003Cbr>TEP\u003Cbr>PSEC11\u003Cbr>XPML11\u003Cbr>BRCR11\u003Cbr>CPSH11\u003Cbr>KNIP11\u003Cbr>\u003Cbr>MtM)\u003Cbr>\u003Cem>Dur\u003C\u002Fem>\u003Cbr>~~O~~\u003Cbr>“us\u003C\u002Ftd>\u003Ctd>CRI)\u003Cbr>Corporativo\u003Cbr>Built-to-suit\u003Cbr>Residencial\u003Cbr>GD Solar\u003Cbr>Logística\u003Cbr>Loteamento\u003Cbr>\u003Cstrong>4,7%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,5%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,5%\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>%\u003C\u002Fstrong>\u003Cbr>Outros\u003Cbr>GARE11\u003Cbr>PMLL11\u003Cbr>P11\u003Cbr>\u003Cem>ation 3,4 anos\u003C\u002Fem>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>51\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch6>\u003Cstrong>Rendimento e Resultado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>VOTS11\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Tivio Securities FII\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0042-03.png\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>COMPOSIÇÃO DO RENDIMENTO MENSAL MÉDIO POR COTA EM 2025\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>RESULTADO RECORRENTE X RENDIMENTO DISTRIBUÍDO\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Resultado Recorrente\u003Cbr>Resultado\u003C\u002Fth>\u003Cth>não recorrente\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Rendimento Distribuído\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,22\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>-0,09\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,14\u003C\u002Fstrong>\u003Cbr>~~N~~\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,69\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,00\u003C\u002Fstrong>\u003Cbr>~~no~~\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,69\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,61\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,60\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,63\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,66\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,63\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,68\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,77\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,62\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,63\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>1,22\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>0,63\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>1,37\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,97\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,20\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>0,42\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,65\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(0,04)\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,61\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,57\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,02\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,59\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,63\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>-\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,63\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,72\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,72\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,62\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>-\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,62\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,70\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>-\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,70\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,78\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>-\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,78\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,64\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>-\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,64\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,66\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>-\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,66\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,17\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,04\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>1,20\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,63\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,10\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,73\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>0,61\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>SALD\u003C\u002Fstrong>\u003Cbr>mar\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>O DE R\u003C\u002Fstrong>\u003Cbr>abr\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>ESULT\u003C\u002Fstrong>\u003Cbr>mai\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>ADO\u003C\u002Fstrong>\u003Cbr>jun\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>NÃO D\u003C\u002Fstrong>\u003Cbr>jul\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>ISTRI\u003C\u002Fstrong>\u003Cbr>ago\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>BUIDO\u003C\u002Fstrong>\u003Cbr>set\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>(R$ \u002F\u003C\u002Fstrong>\u003Cbr>out\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>COTA)\u003C\u002Fstrong>\u003Cbr>nov\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>dez\u002F25\u003Cbr>\u003C\u002Ftd>\u003Ctd>jan\u002F26\u003Cbr>\u003C\u002Ftd>\u003Ctd>fev\u002F26\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Juros\u003Cbr>\u003C\u002Ftd>\u003Ctd>Rendimentos de FII\u003Cbr>R\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cbr>eceita Financeira\u003Cbr>Despesas do Fundo\u003Cbr>Res\u003Cbr>\u003C\u002Ftd>\u003Ctd>ultado Recorren\u003Cbr>R\u003Cbr>\u003C\u002Ftd>\u003Ctd>te\u003Cbr>eeita não recorrent\u003Cbr>\u003C\u002Ftd>\u003Ctd>e\u003Cbr>Resultado Total\u003Cbr>\u003C\u002Ftd>\u003Ctd>0,24\u003Cbr>\u003Cbr>R\u003C\u002Ftd>\u003Ctd>0,23\u003Cbr>\u003Cbr>E\u003C\u002Ftd>\u003Ctd>0,23\u003Cbr>\u003Cbr>R\u003C\u002Ftd>\u003Ctd>0,29\u003Cbr>\u003Cbr>E\u003C\u002Ftd>\u003Ctd>0,28\u003Cbr>\u003Cbr>R\u003C\u002Ftd>\u003Ctd>0,29\u003Cbr>\u003Cbr>A\u003C\u002Ftd>\u003Ctd>0,31\u003Cbr>\u003Cbr>R\u003C\u002Ftd>\u003Ctd>0,33\u003Cbr>\u003Cbr>E\u003C\u002Ftd>\u003Ctd>0,35\u003Cbr>\u003Cbr>R\u003C\u002Ftd>\u003Ctd>0,34\u003Cbr>\u003Cbr>D\u003C\u002Ftd>\u003Ctd>0,35\u003Cbr>\u003Cbr>N\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,13\u003C\u002Fstrong>\u003Cbr>\u003Cbr>A\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>VOTS11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Tivio Securities FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>Mercado Secundário\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>A rentabilidade do VOTS11 no ultimo ano foi de 22,7% superando em 153 bps o IFIX.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0043-04.png\">\u003C\u002Fp>\u003Cp>VOTS11 IFIX CDI\u003Cbr>100%\u003Cbr>80%\u003Cbr>60%\u003Cbr>40%\u003Cbr>20%\u003Cbr>0%\u003Cbr>-20%\u003Cbr>-40%\u003Cbr>jun-19 out-19 fev-20 mai-20 set-20 jan-21 mai-21 ago-21 dez-21 abr-22 ago-22 nov-22 mar-23 jul-23 nov-23 fev-24 jun-24 out-24 fev-25 mai-25 set-25 jan-26\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0043-05.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>PREÇO A MERCADO E PATRIMONIAL\u003C\u002Fstrong> (R$ \u002F cota)\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0043-07.png\">\u003C\u002Fp>\u003Ch6>\u003Cstrong>VOLUME DE NEGOCIAÇÃO DIÁRIO – ADTV\u003C\u002Fstrong> (R$ mil)\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0043-09.png\">\u003C\u002Fp>\u003Cp>\u003Cstrong>VOTS11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Tivio Securities FII\u003C\u002Fp>\u003Ch6>\u003Cstrong>Comparativos de Mercado\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0044-03.png\">\u003C\u002Fp>\u003Cp>Eriviol\u003Cbr>\u003C\u002Fp>\u003Ch6>\u003Cstrong>DIVIDEND YIELD MÉDIO ANUALIZADO¹ -\u003C\u002Fstrong> FUNDO VS MERCADO\u003C\u002Fh6>\u003Cp>VOTS11 IFIX Recebíveis HG\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0044-06.png\">\u003C\u002Fp>\u003Cp>¹Média dos dividendos mensais anualizados divididos pelas respectivas cotas de fechamento do último dia útil do mês.\u003C\u002Fp>\u003Ch6>\u003Cstrong>Objetivos da Gestão para 2026\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch3>Tivio Securities FII \u003Cstrong>VOTS11\u003C\u002Fstrong> ~~Po~~ [TIVIOJ?\u003C\u002Fh3>\u003Ch6>\u003Cstrong>Gestão Ativa da Carteira\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>Linearização de Renda\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ch6>\u003Cstrong>Crescimento do Fundo e ‘destrava’ de valor\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0045-05.png\">\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>Giro de ativos do portfólio\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Aquisição de CRIs com taxas mais atrativas (taxa média de CDI+2,8% nas últimas aquisições);\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0045-08.png\">\u003C\u002Fp>\u003Cul>\u003Cli>Linearização da renda em patamares mais competitivos através de resultado recorrente e não recorrente (DY médio de 18,0%)\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cstrong>3.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>Destravar inflação represada em CRIs mais antigos, gerando resultado não recorrente;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>• Eventual \u003Cem>follow-on\u003C\u002Fem> do fundo.\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Alocação do caixa em FIIs\u002FCRIs.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ch6>\u003Cstrong>Dê sua opinião sobre o Tivio Ao Quadrado:\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0046-01.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0046-02.png\">\u003C\u002Fp>\u003Ch6>Disclaimer\u003C\u002Fh6>\u003Cp>Este material foi elaborado pela Tivio Capital Distribuidora de Títulos e Valores Mobiliários S.A. (“TIVIO CAPITAL”). Este material é destinado aos seus receptores, fornecido unicamente para fins comerciais, não constituindo compromisso, indicação ou recomendação para iniciar ou encerrar qualquer transação. Este conteúdo não deve ser reproduzido no todo ou em parte, redistribuído ou transmitido para qualquer outra pessoa semo consentimento prévio da TIVIO CAPITAL. Este documento não é, e não deve ser interpretado como, uma oferta de venda ou solicitação de uma oferta de compra de qualquer título ou valor mobiliário. A TIVIO CAPITAL, seus acionistas e demais empresas coligadas se eximem de qualquer responsabilidade por quaisquer prejuízos, diretos ou indiretos, que venhama decorrer da utilização deste material, de seu conteúdo e da realização de operações combase neste material.\u003C\u002Fp>\u003Cp>Consulte o documento de tributação para Fundos de Investimento para mais informações sobre a tributação aplicável, inclusive a regra aplicável em eventual desenquadramento, este documento está disponível em https:\u002F\u002Ftivio.com\u002Fdocumentos\u002F. A descrição acima não pode ser considerada como objetivo do fundo.\u003C\u002Fp>\u003Cp>Todas as informações legais podem ser observadas no regulamento do fundo, disponíveis no site https:\u002F\u002Ftivio.com\u002Ffundos\u002F. Principais Fatores de Risco: (i) Crédito: risco de os emissores dos ativos financeiros e\u002Fou das contrapartes não cumprirem suas obrigações de pagamento e\u002Fou de liquidação das operações contratadas; (ii) Liquidez: risco de redução ou inexistência de demanda pelos ativos financeiros nos respectivos mercados em que são negociados; (iii) Mercado: Risco de oscilações decorrentes das flutuações de preços e cotações de mercado; (iv) Derivativos: pode não resultar nos efeitos desejados, devido a fatores como: descolamento entre o preço do derivativo e seu ativo objeto; alterações nas condições de negociação ou liquidação devido à interferência de órgãos reguladores ou dos mercados organizados onde são negociados; (v) Tratamento Tributário de Longo Prazo: O tratamento aplicável ao investidor depende da manutenção da carteira de ativos com prazo médio superior a 365 dias. Não há garantia de que o fundo terá o tratamento tributário de longo prazo.\u003C\u002Fp>\u003Cp>Leia a lâmina de informações essenciais, se houver, e o regulamento antes de investir. Estes documentos podem ser encontrados no site https:\u002F\u002Ftivio.com\u002Ffundos\u002F. Leia previamente as condições de cada produto antes de investir. Os investimentos apresentados podem não ser adequados aos seus objetivos, situação financeira ou necessidades individuais. A rentabilidade obtida no passado não representa garantia de resultados futuros. A rentabilidade divulgada não é líquida de impostos. Para avaliação da performance de fundo(s) de investimento(s), é recomendável uma análise de, no mínimo, 12 (doze) meses. Fundos de investimento não contam com garantia do administrador, do gestor, de qualquer mecanismo de seguro ou do Fundo Garantidor de Crédito (FGC). O preenchimento do formulário API – Análise de Perfil do Investidor ou Suitability é essencial para garantir a adequação do perfil do cliente ao produto de investimento escolhido. Os indicadores aqui apresentados devem ser utilizados como referência econômica e não parâmetro objetivo do fundo. Material de Divulgação.\u003C\u002Fp>\u003Cp>O fundo TVOI11 – Tivio Opportunities IPCA possui menos de 6 (seis) meses de existência, portanto seus indicadores, métricas, simulações e comparações não refletem histórico de performance suficiente para avaliação consistente e não devem ser utilizados como base para projeções futuras.\u003C\u002Fp>\u003Cp>SAC: 0800 704 8383 Atendimento 24 horas\u003C\u002Fp>\u003Cp>Ouvidoria: 0800 727 9933 Atendimento das 9h às 18h, de segunda a sexta-feira, exceto feriados nacionais\u003C\u002Fp>\u003Cp>RATING S&P:\u003C\u002Fp>\u003Cp>\u003Cstrong>AMP-1\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0047-10.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0047-11.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0047-12.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0047-13.png\">\u003C\u002Fp>\u003Ch6>RELATÓRIO \u003Cstrong>ANUAL 2026\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0048-01.png\">\u003C\u002Fp>\u003Cp>Av. Brig. Faria Lima, 4300 Itaim Bibi, São Paulo - SP, 04538-132\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F6724\u002F6724.pdf-0048-03.png\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FVSHO11\u002Fdocumentos\u002F6724\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1150991","2026-03-31","2026-03-31 18:41:00",1,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":81},"Outros Relatórios VSHO11 de 31\u002F03\u002F2026 | Kartac","Outros Relatórios de 31\u002F03\u002F2026 do VSHO11 (Votorantim Shopping). DY 12 meses de 14,79% e P\u002FVP 0,58 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6724","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,52,67],{"@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\u002FVSHO11\u002Fdocumentos\u002F6724#pagina",{"@id":32},"2026-10-20",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6724#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11\u002Fdocumentos\u002F6724#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":13,"temporalCoverage":13,"author":49,"publisher":51,"isBasedOn":12},"Report","Outros Relatórios VSHO11 de 31\u002F03\u002F2026",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11#fundo",{"@type":25,"name":50},"TIVIO CAPITAL DISTRIBUIDORA DE TÍTULOS E VALORES MOBILIÁRIOS",{"@type":25,"name":50},{"@type":53,"@id":48,"name":54,"alternateName":55,"url":58,"category":59,"identifier":60},"InvestmentFund","Votorantim Shopping",[56,57],"VSHO11","FUNDO DE INVESTIMENTO IMOBILIÁRIO VOTORANTIM SHOPPING","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSHO11","Shoppings",[61,64],{"@type":62,"propertyID":63,"value":56},"PropertyValue","Ticker B3",{"@type":62,"propertyID":65,"value":66},"CNPJ","23.740.595\u002F0001-17",{"@type":68,"@id":43,"itemListElement":69},"BreadcrumbList",[70,73,77,79],{"@type":71,"position":15,"name":72,"item":28},"ListItem","Início",{"@type":71,"position":74,"name":75,"item":76},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":71,"position":78,"name":56,"item":58},3,{"@type":71,"position":80,"name":5,"item":19},4,{"atualizado_em":82,"frases":83},"2026-11-05",[84,85,86,87,88],"Outros Relatórios do Votorantim Shopping (VSHO11), fundo imobiliário de shoppings, com entrega no FundosNet (B3) em 31\u002F03\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do VSHO11 fechou a R$ 69,85, com P\u002FVP de 0,58 (valor patrimonial de R$ 121,37 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 1,50 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 14,79% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 254,7 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":90,"empresa":91,"gestor":95,"cotacoes":96,"patrimonio":211,"vpa":212,"p_vpa":213,"tipo_gestao":214,"mandato":95,"segmento":59,"categoria":215,"grupo":59,"preco_atual":209,"cotacao_atualizada_em":216,"ultima_variacao_cotacao_24h":217,"variacao_cotacao_7d":218,"variacao_cotacao_1m":219,"variacao_cotacao_3m":220,"variacao_cotacao_6m":221,"variacao_cotacao_12m":222,"vacancia_fisica":223,"liquidez_atual":224,"ultimo_dividendo":225,"ultimo_dividend_yield":226,"mes_pagamento_ultimo_dividendo":227,"dividend_yield_3m":228,"dividend_yield_6m":229,"dividend_yield_12m":230,"dividend_yield_medio_12m":231,"qtd_dividendos_pagos_ano_passado":232,"data_ultima_cotacao":207,"pregoes_com_negocio_21":233,"alertas":234,"updated_at":235,"liquidez_media_reais":236,"administrador":50,"taxa_administracao_paga":237,"balanco":238,"resultado_distribuido":246,"publico_alvo":251,"mercados_negociacao_cotas":252,"data_funcionamento":254,"data_final":95,"quantidade_cotas":255,"quantidade_cotistas":256,"detalhes_cotistas":257,"total_investido":259,"investimentos_fundo":260,"imoveis":261,"contratos":300,"custodiante":311,"auditor_independente":318,"formador_mercado":95,"distribuidor_cotas":95,"consultor_especializado":95,"administrador_locacoes":95,"relatorio_anual":324,"analise_administrador":327},572,{"nome":57,"nome_simplificado":92,"nome_comercial":54,"ticker":56,"nome_ticker":93,"nome_pregao":94,"cnpj":66}," VOTORANTIM SHOPPING","VSHO11 - FUNDO DE INVESTIMENTO IMOBILIÁRIO VOTORANTIM SHOPPING","FII VOT SHOP",null,[97,103,109,115,121,127,133,138,143,148,153,159,164,170,176,182,187,193,199,205],{"id":98,"data":99,"abertura":100,"ultimo":101,"volume":102},3288786,"2026-10-06",76.97,76.87,628,{"id":104,"data":105,"abertura":106,"ultimo":107,"volume":108},3289418,"2026-10-07",76.85,76.91,196,{"id":110,"data":111,"abertura":112,"ultimo":113,"volume":114},3290301,"2026-10-08",77.97,78.59,133,{"id":116,"data":117,"abertura":118,"ultimo":119,"volume":120},3291171,"2026-10-09",77.14,78.45,367,{"id":122,"data":123,"abertura":124,"ultimo":125,"volume":126},3357142,"2026-10-13",77.6,78.7,284,{"id":128,"data":129,"abertura":130,"ultimo":131,"volume":132},3375668,"2026-10-14",77.81,78.4,48,{"id":134,"data":135,"abertura":131,"ultimo":136,"volume":137},3376309,"2026-10-15",78,280,{"id":139,"data":140,"abertura":141,"ultimo":124,"volume":142},3377240,"2026-10-16",78.15,710,{"id":144,"data":145,"abertura":141,"ultimo":146,"volume":147},3445366,"2026-10-19",77.79,722,{"id":149,"data":39,"abertura":150,"ultimo":151,"volume":152},3446450,77.96,77.5,3107,{"id":154,"data":155,"abertura":156,"ultimo":157,"volume":158},3459936,"2026-10-21",76.23,77.26,80,{"id":160,"data":161,"abertura":162,"ultimo":107,"volume":163},3473544,"2026-10-22",78.03,1069,{"id":165,"data":166,"abertura":167,"ultimo":168,"volume":169},3488132,"2026-10-23",76.99,77.15,183,{"id":171,"data":172,"abertura":173,"ultimo":174,"volume":175},3566105,"2026-10-26",75,73.3,1865,{"id":177,"data":178,"abertura":179,"ultimo":180,"volume":181},3580239,"2026-10-27",73.35,73,4651,{"id":183,"data":184,"abertura":180,"ultimo":185,"volume":186},3594324,"2026-10-28",71.88,2666,{"id":188,"data":189,"abertura":190,"ultimo":191,"volume":192},3609087,"2026-10-29",72.03,71.5,678,{"id":194,"data":195,"abertura":196,"ultimo":197,"volume":198},3624879,"2026-10-30",71.09,72.18,1072,{"id":200,"data":201,"abertura":202,"ultimo":203,"volume":204},3682262,"2026-11-03",72.01,71.37,1056,{"id":206,"data":207,"abertura":208,"ultimo":209,"volume":210},3695513,"2026-11-04",71.36,69.85,599,254738813.65,121.37,"0.58","Ativa","Tijolo","2026-11-05 09:00","-0.0213","-0.0231","-0.0913","-0.0809","-0.0920","-0.0445","0.10402",46,"1.5000","0.0208","Nov\u002F2026","0.0530","0.0830","0.1479","0.0114",12,21,[],"05\u002F11\u002F2026 06:00",75450.48,0.0041,{"data_referencia":239,"ativo":240,"passivo":241,"obrigacoes_imoveis":242,"obrigacoes_securitizacao":243,"liquidez":244,"valores_receber":245},"2026-09-01",259091497.27,4352683.62,651460.45,0,21632926.57,24483804.03,{"data_referencia":247,"resultado":248,"rendimentos":249,"percentual":250},"2026-06-30",8656821.6,8772984,1.0134185969594198,"Investidores em Geral",[253],"Bolsa","2018-08-30",2098800,2738,{"Pessoa Física":258,"Outros fundos de investimento":80,"Pessoa jurídica não financeira":74,"Fundos de investimento imobiliário":74,"Banco Comercial":15,"Investidores não residentes":15,"Entidade aberta de previdência complementar":15},2727,212974766.67,{"Imóveis para renda":259},{"vacancia_total":262,"lista_imoveis":263,"data_referencia":247,"vacancia_suspeita":11},0.10402124761328181,[264,277,288],{"nome":265,"vacancia":266,"numero_unidades":267,"area":268,"endereco":269,"percentual_inadimplencia":270,"percentual_receitas":271,"inquilinos":272,"ocupacao":276},"Shopping Hortolândia",0.0174,91,31273,"Rua José Camilo de Camargo, 5 - Remanso Campineiro, Hortolândia - SP",0.0089,0.378944,[273],{"setor":274,"percentual_receita_imovel":243,"percentual_receita_fii":275},"Lojas",0.0037594,0.9826,{"nome":278,"vacancia":279,"numero_unidades":136,"area":280,"endereco":281,"percentual_inadimplencia":282,"percentual_receitas":283,"inquilinos":284,"ocupacao":287},"Shopping Bay Market",0.2357,25972,"Av. Visconde do Rio Branco, 360 - Centro, Niterói - RJ",0.0632,0.350173,[285],{"setor":274,"percentual_receita_imovel":243,"percentual_receita_fii":286},0.0035017,0.7643,{"nome":289,"vacancia":290,"numero_unidades":291,"area":292,"endereco":293,"percentual_inadimplencia":294,"percentual_receitas":295,"inquilinos":296,"ocupacao":299},"Shopping Valinhos",0.0792,89,28647,"Rua Paiquerê, 200 - Jardim Paiquere, Valinhos - SP",0.0275,0.261548,[297],{"setor":274,"percentual_receita_imovel":243,"percentual_receita_fii":298},0.0026154,0.9208,{"data_referencia":247,"prazos":301,"indexadores":302,"receita_aluguel_trimestre":305,"valor_imoveis":306,"cap_rate":307,"receita_sobre_mercado":308,"aluguel_m2_mes":309,"area_ocupada":310},[],[303],{"nome":304,"percentual":15},"IGP-M",8212985.27,244456500,0.134388,0.224091,35.57,76957,{"id":312,"nome":313,"cnpj":314,"endereco":315,"telefone":316,"created_at":317,"updated_at":317},38,"BANCO BRADESCO S.A.","60746948000112","Cidade de Deus, S\u002FNº - Prédio Amarelo - Osasco  - SP","55 11 23578810","2026-10-03T18:52:29.000000Z",{"id":78,"nome":319,"cnpj":320,"endereco":321,"telefone":322,"created_at":323,"updated_at":323},"PRICEWATERHOUSECOOPERS AUDITORES INDEPENDENTES LTDA.","61562112000120","Avenida Brigadeiro Faria Lima, 3732, Edifício B32, 16º andar - Itaim Bibi, São Paulo - SP, 04538-132","(11) 4004-8000","2026-06-07T17:17:20.000000Z",{"ano_referencia":325,"data_disponibilizacao":326},"2026","2026-09-22",{"ResultadoFundo":328,"ConjunturaEconomica":329,"PerspectivaPeriodoSeguinte":330},"O resultado do fundo no período foi de R$ 25 milhões.","Ao longo do ultimos 12 meses, o segmento de shopping centers apresentou estabilidade operacional, sustentado pela manutenção dos níveis de ocupação e pela resiliência da atividade comercial dos empreendimentos. O ambiente macroeconômico permaneceu influenciado pelo comportamento das taxas de juros, da inflação e do nível de atividade econômica, fatores que impactam a precificação dos ativos imobiliários e as condições gerais do mercado de capitais. Nesse contexto, os ativos integrantes da carteira mantiveram desempenho compatível com as características do segmento.","Para o próximo exercício, a expectativa é de continuidade da geração de renda dos ativos integrantes da carteira, mediante a gestão ativa dos empreendimentos e o acompanhamento permanente dos indicadores operacionais. A evolução dos resultados permanecerá condicionada ao desempenho operacional dos ativos, bem como às condições macroeconômicas e de mercado ao longo do período"]