The real estate fund HGLG11 announced this Friday (29) its new dividends for the month of October, in the amount of R$ 1.10 per share. Therefore, the FII maintained the previous month’s distribution level.
You Dividends HGLG11 repeated for the third consecutive month. Despite this, this level has been recurring for a long time.
Since August 2021, the FII has generally paid the same R$ 1.10 per share, except for months when the fund needs to readjust its earnings with the semi-annual distribution rule of at least 95% of the result.
The payment date for HGLG11 earnings will take place on 16 October 2023 and the amounts will be sent to investors who, following the conclusion of today’s session (29th), purchased the fund shares.
CGHG Logística’s earnings decreased by 9.75% this year, considering the amount already distributed in 2023 – R$ 12.50 per share – and the amount paid from January to October 2022 – R$ 13.85 per share shareholding.
In a 1 year interval, the income derived from HGLG11 real estate fund it generated a return of 9.11%, considering the distribution of R$14.70 per share in this period and the current FII price, which is R$161.31.
The fund’s price to share value (P/VP) is 1.05, meaning its market value is approximately 5% higher than the share price, which is R$153.74.
Dividends from real estate funds are exempt from income tax for individuals, according to the legislation applicable to this type of asset. Therefore, HGLG11 is also included in this exemption.
The September results, which served as the basis for the new dividends, will be published in the FII’s next management report.
HGLG11 posted a profit of R$29,834 million in August
OR FIIHGLG11 recorded a result of R$29.834 million in August, of which R$37.166 million was distributed to investors in dividends, corresponding to R$1.10 per share.
Management highlighted 3 main points that had an extraordinary impact on the August result:
- Receipt of the third installment of the sale of the land to Extrema-MG;
- Amortization of FII GTLG11 shares;
- Capital gain generated by the sale of other real estate funds.
August revenue was R$35,522 million. The costs for the month amount to R $ 5,687 million and the vacancy in HGLG11 reached 10%, which corresponds to the lowest level in 12 months – as of September 2022 vacancies were 7%.
Source: Terra
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