Por que o Patrimônio dos FIIs Cresce Menos que o Mercado em 2025

por: Julio Souza Foto: Canva

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[{"selector":"#anim-4d7e13da-7216-4e62-bc15-a84c3e8702c4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e77bc16d-7fe6-4d98-9033-ec3f2cb9557c","keyframes":{"transform":["translate3d(119.52862%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c829af82-7b7e-4f20-82a4-30a89dc3e79b","keyframes":{"transform":["translate3d(-200.36497%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3446f4a-9772-4364-839d-7462eb9ee66c","keyframes":{"opacity":[0,1]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-364d6293-4b44-49d7-b082-739da2989359","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-18154fc5-db55-4600-8a56-330bf552a965","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa071c0c-7cdf-4ea3-b147-0cc66c77d39a","keyframes":{"transform":["translate3d(-218.74994%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] O patrimônio líquido total da indústria atingiu a marca de R$ 365 bilhões, com a Kinea liderando com os dois fundos de maior patrimônio individual, o KNCR11 e o KNIP11, somando mais de R$ 15 bilhões. Seta Foto: Canva

[{"selector":"#anim-535f710c-bd63-43e1-ab1c-3c14a6617b90","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c729d3d1-43ef-4abb-bd40-b347baf01dfb","keyframes":{"transform":["translate3d(120.20202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ff8ed31-ce62-47d4-8add-826cb3cfe6f7","keyframes":{"transform":["translate3d(-200.36497%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be1b3e29-f1c6-4f7b-8bca-e6ce98a6b188","keyframes":{"opacity":[0,1]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e61564a3-ae70-4ce5-b716-670a2217ad9c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-65514b17-db2b-4967-9dbb-7d2b271b2ca8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c218f90f-29eb-486f-b427-1ebc8c3b365b","keyframes":{"transform":["translate3d(-208.3333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Apesar do crescimento patrimonial moderado, o número de fundos disponíveis para o investidor continua a se expandir, com um aumento de 5,7% no semestre, chegando a 1.131 fundos operacionais registrados na CVM. Seta Foto: Canva

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[{"selector":"#anim-2ffd5519-d104-4bb6-9914-985abeec3e35","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6780c969-2164-42c8-bf6c-38007ece76de","keyframes":{"transform":["translate3d(120.20202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49c31cfe-3c5f-448f-86d5-e9944256bc97","keyframes":{"transform":["translate3d(-200.36497%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28f11d8d-7313-402c-96ab-6fd3402b8539","keyframes":{"opacity":[0,1]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a18d17c-a3b9-4370-8aa6-c13345c31058","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-5ccc024b-73f0-45e8-ac5a-62bd932f4f15","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e7f0713-0d02-4baf-968e-5aa4a39d8c73","keyframes":{"transform":["translate3d(-208.3333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Os investidores pessoa física continuam sendo a espinha dorsal da indústria, representando 38% da base total, o que demonstra a popularidade dos FIIs como uma porta de entrada para o investimento imobiliário. Seta Foto: Canva

[{"selector":"#anim-879ad5e5-8c8e-4704-b2b4-49decd584513","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b148d142-455c-43be-bca9-40292d09d371","keyframes":{"transform":["translate3d(119.52862%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a00ec73-7349-4a53-b008-806f2a27f297","keyframes":{"transform":["translate3d(-200.36497%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a0fdfa76-1073-4643-a5be-2b244f16449e","keyframes":{"opacity":[0,1]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c125de4d-d9e8-4df7-96ad-ae8bce2e1cd4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-502d7069-e46b-49b5-b096-47a161fd784d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf98288b-7045-4e3b-86f4-cc17341ea359","keyframes":{"transform":["translate3d(-208.3333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Em um segmento correlato, os Certificados de Recebíveis Imobiliários (CRIs) mostraram um crescimento mais robusto, de 7,6%, atingindo R$ 240 bilhões. A maioria desses títulos (63%) é atrelada à inflação (IPCA). Seta Foto: Canva

[{"selector":"#anim-17bc7fb6-799b-4fb3-8855-0d17445882f3","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-edb9098d-4cf4-4f73-96f9-c92364e652a9","keyframes":{"transform":["translate3d(120.20202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c000a14c-630e-4e95-935a-c5a3550f52b3","keyframes":{"transform":["translate3d(-200.36497%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-37143cb1-8549-41dc-8332-2425591bc863","keyframes":{"opacity":[0,1]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a380ae6b-ca01-40c3-a6e3-21c8fd57c923","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4e23a592-3bfa-465c-8ac1-907b1b8363cd","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b354aab0-df1a-4fc1-8f41-542a90386ab8","keyframes":{"transform":["translate3d(-208.3333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Então, por que o crescimento foi menor? Os dados sugerem um amadurecimento do setor. Embora novos fundos surjam, o crescimento do patrimônio agora é mais gradual, indicando um mercado mais consolidado e menos explosivo. Seta Foto: Canva

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