Brazilian real estate funds report dividend stability and structural reorganizations

Patria Renda Urbana FII (HGRU11) maintained its dividend payment at R$ 0.95 per share for August, despite a distributable result of R$ 0.88 per share. This marks the second consecutive month where the payout exceeded the monthly distributable result. The fund reported a total revenue of R$ 1.10 per share, with a physical and financial vacancy rate of 0.8%.

Separately, Suno Asset has announced the liquidation of two real estate funds, Kilima Suno 30 (KISU11) and Suno Fundo de Fundos (SNFF11), which will be incorporated into Suno Multiestratégia (SNME11). The final trading day for KISU11 and SNFF11 on the B3 exchange is scheduled for October 13, 2026. Following the liquidation, investors are expected to receive shares of SNME11, with payments projected for November 27, 2026. The combined entity is expected to reach a net worth exceeding R$ 850 million.