What Investors Need to Know About FII Iridium Recebíveis Imobiliários Dividend Payments
FII Iridium Recebíveis Imobiliários (IRDM11), which has a base of over 280,000 investors, will distribute dividends of R$0.86 per share in June 2023. The value is the lowest dividend amount released by the fund since November 2022. The report indicating the dividend payment was released by the board, which showed an asset allocation structure that invested 68.5% of the fund’s assets in property credit instruments (CRI).
Key Takeaways:
● FII Iridium Recebíveis Imobiliários (IRDM11) will pay dividends of R$0.86 per share in June 2023.
● 68.5% of the fund’s assets are invested in real estate credit instruments (CRI).
● The value is the lowest dividend payment released since November 2022.
● IRDM11 still concentrates 20% of the net worth -of 3,200 million- in shares of other real estate funds.
● The largest holdings in the portfolio are in Rio Bravo Crédito Imobiliário High Yield (RBHY11) and accounts receivable from Devant (MUST11).
CRIs offer investors a monthly income plus a currency correction that follows inflation rates or the CDI (Interbank Certificate of Deposit) rate. The higher the indicator, the higher the fund’s income, and the more dividend is distributed to shareholders. During the third quarter of 2022, a deflation sequence affected the monetary update that the CRI portfolio received, reducing the fund’s yields. In January 2023, the fund’s dividend rate of return (dividend yield) returned to a level above 1% per month.
Additional Piece:
The debt market has become increasingly popular amongst investors seeking fixed income levels. Real estate investments have been an attractive option due to their increased profitability and a relatively stable inflation rate. It provides an opportunity to invest in asset-backed securities while leveraging the stable cash flow from rental income across property markets.
The IRDM11 fund is an excellent choice for individuals seeking investment opportunities in the Brazilian real estate market. It offers regular monthly returns that align with inflation, providing steady cash flow for investors. With a portfolio dominated by CRI securities, the fund provides significant investment exposure to the commercial and residential real estate markets. Real estate-focused asset management companies like Iridium Brazil Investimentos, coupled with a focus on rent-backed securities, power the fund.
The real estate market in Brazil is expected to boom over the next ten years, with growth expected to reach 8.3% in 2022, according to Statista. In recent years, Brazil’s strong economic recovery has driven asset prices, with many investors seeking to leverage these market trends. For those wishing to invest in property without holding physical assets, funds like IRDM11 represent a low-risk, high-return alternative that can help diversify portfolios, increase revenue, and spread out risk management.
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With a base of more than 280,000 investors, FII Iridium Recebíveis Imobiliários (IRDM11) will pay dividends of R$ 0.86 per share in June, indicates a statement from the fund released to the market on Monday night (12).
The amount -referring to the result for the month of May- is equivalent to a monthly return of 0.98%. The value is also the lowest since November 2022, as noted in the portfolio management report.
Of the “paper” type –which invests in fixed-income securities–, the IRDM11 Currently, 68.5% of its assets are invested in real estate credit instruments (CRI).
CRIs offer investors a monthly income plus a currency correction, which can follow inflation rates or the CDI (Interbank Certificate of Deposit) rate.
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The higher the indicator, the higher the fund’s income and, consequently, the dividend distributed to shareholders. In the event of a drop in the indicator, the movement is the opposite, that is, a reduction in the income of the FII.
The dynamics was observed in the third quarter of 2022, when the country’s official inflation measured by the IPCA accumulated three months of negative results, affecting Iridium’s returns.
“The deflation sequence that occurred between July and September still affected the portion of the monetary update that the CRI portfolio received, consequently also damaging distributed income,” highlighted the fund’s report from November last year.
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Given the impact of deflation, the fund’s dividend rate of return (dividend yield) declined during the negative HICP period and only returned to a level above 1% per month in January 2023.
EITHER IRDM11 it still concentrates 20% of the net worth -of 3,200 million- in shares of other real estate funds. The largest holdings in the portfolio are in Rio Bravo Crédito Imobiliário High Yield (RBHY11) and accounts receivable from Devant (MUST11).
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FII de “papel” IRDM11 vai pagar menor dividendo desde a deflação de 2022
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