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Glossary

Vacancy

The share of the real-estate fund's area that is empty, with no tenant.

What it is

The share of the real-estate fund's area that is empty, with no tenant. Shown on the FIIs pages.

How Dados B3 calculates it

average of each property's vacancy weighted by area: sum(property vacancy × area) ÷ sum(area). It comes from the CVM quarterly report. It only exists for brick funds (properties); paper funds (receivables) do not have it.

Example

Illustrative example, with made-up numbers to keep the arithmetic easy: A warehouse of 100,000 m² with 10% vacancy and an office building of 10,000 m² with 50%: empty 10,000 + 5,000 = 15,000 m² of 110,000 m². Vacancy ≈ 13.6%; a simple average (30%) would mislead.

What to watch for when reading it

• Administrators fill in the field in different ways; vacancy dominated by a property near 100% carries a suspect mark, and 70% or more an extreme mark.
• A marked figure stays out of medians and rankings and appears with the mark.
• It is a quarterly snapshot; leases signed but not yet occupied do not show.

See also

• P/BV of a FII
• 12-month DY

Methodology · Guide · All indicators

Educational content to understand what each number means. It is not a recommendation to buy or sell.