B3 · BRL
HBRE3
HBR Realty Empreendimentos Imobiliarios SA
- Day's range
- R$2.61 – R$2.73
- Day's volume
- R$1.6M
- 52-week range
- R$1.96 – R$4.82
Follow HBRE3 in the Fuolio
See how HBRE3 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountHBRE3 in numbers
- Market cap
- R$277.6M
- P/E
- 7.41
- P/B
- 0.15
- Dividend yield (12m)
- 44.48%
- Net debt/EBITDA
- 5.43
HBRE3 trades at 7.41 times its earnings of the last 12 months.
HBRE3 price history
HBRE3 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -39.59% | -47.03% | -78.51% |
| Volatility (annualized) | 46.91% | 50.36% | 48.73% |
| Largest drawdown | -50.53% | -63.39% | -82.40% |
| Positive months | 3/12 | 15/36 | 22/60 |
How much did investing in HBRE3 return?
R$1,000.00 invested on 10/01/2021 would be worth R$252.45 today.
- Value today in HBRE3
- R$252.45
- Return over the period
- -74.75%
- Return per year
- -24.07%
- In the Ibovespa
- R$1,808.65
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
HBRE3 fundamentals
Valuation
- P/E7.41
- P/B0.15
- EV/EBITDA6.17
- EV/EBIT6.28
- EV/Revenue4.15
- P/EBIT0.75
- P/S0.50
- P/OCF0.73
- P/FCF0.81
- Earnings yield15.92%
- PEG ratio0.11
- Earnings per shareR$0.35
- Book value per shareR$17.28
Debt
- Net debtR$2B
- Net debt/EBITDA5.43
- Net debt/Equity0.78
- Debt/Equity0.84
- Current ratio0.81
- Quick ratio0.81
- Cash ratio0.35
Efficiency
- Gross margin39.75%
- EBITDA margin67.36%
- Operating margin66.12%
- Net margin19.80%
- Asset turnover0.11
Profitability
- ROE2.05%
- ROA2.26%
- ROIC5.07%
- Payout329.64%
Growth
- Revenue CAGR (5 years)48.85%
- Earnings CAGR (5 years)—
- Revenue growth (year)226.79%
- Earnings growth (year)-42.29%
- Revenue growth (quarter)185.16%
- Earnings growth (quarter)66.91%
What is HBRE3's fair price?
Two classic value formulas, with today's numbers. The current price is R$2.62.
- Graham's fair price
- R$11.72
- 347.51% above the price
√(22.50 × R$0.35 × R$17.28)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to HBRE3: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
HBRE3's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| P/E | 17.30 | 6.45 | 4.75 | 7.38 | 5.56 | — | — |
| P/B | 0.17 | 0.10 | 0.23 | 0.19 | 0.37 | — | — |
| EV/EBITDA | 7.33 | 7.70 | 5.13 | 8.18 | 6.31 | — | — |
| Earnings per share | R$0.27 | R$0.46 | R$1.28 | R$0.61 | R$1.51 | -R$0.20 | R$1.88 |
| Book value per share | R$26.35 | R$28.58 | R$26.47 | R$23.97 | R$22.79 | R$13.21 | R$13.42 |
| ROE | 1.01% | 1.62% | 4.83% | 2.55% | 6.64% | -1.53% | 14.01% |
| ROIC | 4.43% | 5.17% | 7.93% | 4.77% | 7.72% | 0.00% | 14.11% |
| Gross margin | 39.26% | 79.75% | 81.03% | 84.17% | 84.02% | 84.53% | 88.90% |
| EBITDA margin | 64.72% | 175.77% | 284.02% | 160.08% | 352.85% | 113.74% | 479.13% |
| Net margin | 5.16% | 29.23% | 85.94% | 44.75% | 177.66% | -26.89% | 285.42% |
| Net debt/EBITDA | 5.95 | 6.63 | 3.69 | 6.11 | 3.51 | 12.93 | 2.81 |
HBRE3's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$532.6M | R$163M | R$153.4M | R$140.9M | R$87.9M | R$77.3M |
| Cost of revenue | -R$323.5M | -R$33M | -R$29.1M | -R$22.3M | -R$14M | -R$12M |
| Gross profit | R$209.1M | R$130M | R$124.3M | R$118.6M | R$73.9M | R$65.4M |
| EBITDA | R$344.7M | R$286.5M | R$435.6M | R$225.5M | R$310.2M | R$88M |
| EBIT | R$337.7M | R$281.9M | R$433.7M | R$224.6M | R$309.5M | R$87.4M |
| Financial result | -R$182.8M | -R$129.6M | -R$96.8M | -R$77.4M | -R$99.2M | -R$70.2M |
| Income before tax | R$154.8M | R$152.3M | R$336.9M | R$147.2M | R$210.3M | R$17.2M |
| Income tax | -R$58M | -R$16.8M | -R$69.6M | -R$26.7M | -R$29.9M | -R$44.6M |
| Net income | R$27.5M | R$47.6M | R$131.8M | R$63M | R$156.2M | -R$20.8M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
HBRE3 against its sector
The same indicators for the company's other shares and the sector's largest stocks.
| Stock | P/E | P/B | Dividend yield (12m) | ROE | Market cap |
|---|---|---|---|---|---|
| HBRE3Hbr Realty Empreendimentos Imobiliarios S/a | 7.41 | 0.15 | 44.48% | 2.05% | R$277.6M |
| ITUB4ITAU UNIBANCO HOLDING S.A. | 10.43 | 2.24 | 7.15% | 21.50% | R$511.8B |
| ITUB3ITAU UNIBANCO HOLDING S.A. | 11.41 | 2.45 | 6.53% | 21.50% | R$511.8B |
| BPAC3BCO BTG PACTUAL S.A. | 15.68 | 3.48 | 1.91% | 22.20% | R$271.9B |
| BPAC5BCO BTG PACTUAL S.A. | 13.14 | 2.92 | 2.28% | 22.20% | R$271.9B |
| BBDC4BCO BRADESCO S.A. | 7.92 | 1.08 | 6.80% | 13.66% | R$183.9B |
| BBDC3BCO BRADESCO S.A. | 6.94 | 0.95 | 7.05% | 13.66% | R$183.9B |
Does HBRE3 pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 12/30/2025 | 12/31/2026 | R$0.87 |
| Dividend | 12/30/2025 | 12/31/2028 | R$0.29 |
About Hbr Realty Empreendimentos Imobiliarios S/a
- Sector
- Construção e Imobiliário
- Segment
- Exploração de Imóveis
- Listing segment
- Novo Mercado
- Tag along
- 100.00%
- Free float
- 46.21%
- Shares issued
- 103.19M common
- Average daily trading
- R$1.5M
- Listed since
- 01/26/2021
- CNPJ
- 14.785.152/0001-51
HBR Realty Empreendimentos Imobiliários S.A. é uma empresa especializada em desenvolvimento e gestão de propriedades comerciais no Brasil, operando através de um modelo integrado que abrange toda a cadeia de geração de valor de ativos urbanos, desde o desenvolvimento até a reciclagem de portfólios diversificados. Fundada em 2011, a HBR Realty opera através de plataformas estratégicas: ComVem, focada em centros de conveniência em áreas densamente povoadas e de alta renda; HBR Malls, que adquire e desenvolve shopping centers dominantes em suas regiões; HBR 3A, dedicada a espaços corporativos premium (AAA) em São Paulo; e HBR Opportunities, que inclui ativos complementares. A companhia gerencia 81 ativos em operação e desenvolvimento, totalizando mais de 360 mil metros quadrados de área bruta locável. HBR Realty posiciona-se como um player importante no segmento de real estate comercial brasileiro, com foco em oportunidades de crescimento e geração de valor para seus acionistas.
Investor website| Shareholder | Common | Preferred | Total |
|---|---|---|---|
| HELIO BORENSTEIN S.A. ADMINISTRAÇÃO PARTIC. E COMÉRCIOControlling | 49.00% | 0.00% | 49.00% |
| HENRY BORENSTEINControlling | 3.46% | 0.00% | 3.46% |
| Outros | 47.34% | 0.00% | 47.34% |
| Ações Tesouraria | 0.20% | 0.00% | 0.20% |
Questions about HBRE3
How much is HBRE3 today?
HBRE3 is at R$2.62 (-0.76% on the day), last traded on 10/01/2026.
When is the next HBRE3 dividend?
The next announced payment is R$0.87 per share on 12/31/2026.
What are the P/E and P/B of HBRE3?
HBRE3 trades at a P/E of 7.41 and a P/B of 0.15.
How much did HBRE3 return in 12 months?
HBRE3 returned -39.59% in 12 months, with annualized volatility of 46.91% and a largest drawdown of -50.53%.
What sector is HBRE3 in?
Hbr Realty Empreendimentos Imobiliarios S/a is in the Construção e Imobiliário sector, Exploração de Imóveis segment.