REITs: The American version of FIIs
In Brazil, the easiest way to invest in real estate assets is through FIIs (Real Estate Investment Funds). Through the 459 FIIs traded on the stock exchange, investors can expose themselves to the Brazilian Real Estate market without the need to directly purchase a property. In January 2024, B3 announced that the market value of FIIs was around R$~163 Bi, without taking into account listed companies in the real estate sector.
Despite significant growth in recent years, the FII market is still small compared to the US. In the United States, investors looking to gain exposure to the real estate market can buy shares in REITs (Real Estate Investment Trusts), whose current market value is R$~6.5 Tri, almost 40x greater than the Brazilian one.