Fundos Imobiliários problemáticos – Parte 01
Autor: Alexandro | Publicado: 2015-09-13T19:59:00-03:00

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O momento atual não é propício ao investimento em FII de
lajes corporativas, pois é o nicho que mais sente a crise; com isso, a vacância
– ou sua possibilidade – é cada vez mais uma realidade...



Abaixo, um breve resumo de alguns fundos “problemáticos”,
que devem ser olhados com cautela pelo investidor:



FII CEOC11B: no lançamento de sua cota no mercado, o preço
era R$ 100,00 e havia fila – no auge do boom imobiliário. A atratividade era um
período de renda garantida (RMG)...que chegou ao seu final, sem qualquer
indício de encontrar inquilino – o que fez a cota despencar para baixo dos R$
40,00... ...mas, algum tempo após o término da RMG, eis que surge a notícia de
locação do empreendimento para a TIM. Boa notícia??....nem tanto, pois foi
concedido à empresa 24 meses de carência para iniciar o pagamento do aluguel!
Não à toa, a cota segue sem muita reação, próxima dos R$ 40,00...



FII THRA11B: em situação similar à ocorrida no
CEOC11B...aliás, e não por acaso, foram lançados pela mesma
empresa....portanto...olho vivo...

Continue lendo, abaixo, continuação da postagem sobre os FII...






FII PRSV11: o fundo é dono do prédio, que está localizado no
centro do Rio (ótima, aliás), porém, sem vagas de garagem...na época do boom
imobiliário, suas cotas não baixavam de R$ 1000,00...porém, com o surgimento de
vacância, demora em encontrar novos inquilinos, concorrência de outros
empreendimentos próximos e, principalmente, redução dos rendimentos mensais,
fizeram a cota despencar para a casa dos R$ 500,00...e cuidado, porque os
rendimentos atuais ainda embutem o pagamento de multas rescisórias das empresas
que saíram...portanto, é certo que os DY ainda diminuirá mais...



FII TRXL11: fundo ligado à locação de galpões logísticos,
periodicamente sofre com novas emissões – o que implica em perda de valor de
sua cota, penalizando os investidores mais antigos...além disso, sofrendo com
vacância e falta de entendimento quanto a multa rescisória recente...melhor
olhar outros fundos ligados ao setor...



Ainda temos vários outros FII que merecem uma avaliação mais
cuidadosa do investidor, antes de arriscar uma compra...nos próximos posts
seguirei comentando...