#TRXETF

The TRX Real Estate (TRXF11), one of the largest REITs (real estate investment funds) on the Brazilian stock exchange, anticipates the distribution of extraordinary dividends of up to R$ 2.50 per share by the end of this year, 2024.

📈 The extraordinary distribution of earnings came into focus after the revenue and results of the REIT more than tripled in August, driven mainly by the sale of properties.

In partnership with TRXB11, TRXF11 completed the sale of six properties leased to Assaí (ASAI3) and Pão de Açúcar (PCAR3) on the last day of the 20th.

As a result, the real estate revenue of TRXF11 surged to R$ 57.6 million in August, a growth of almost five times compared to July. The total revenue amounted to R$ 62.9 million.

Meanwhile, the operating result grew about 3.4 times in the month, reaching R$ 56.3 million. This is equivalent to R$ 2.81 per share.