A report by Jornal de Negócios states that the association created a new index of real estate funds with a view to reorganising the data concerning the performance of these entities. Among the defined categories, leasing stood out as the most profitable, since its annualised returns on 30 June did not fall below 4 percent in any of the terms aggregated by the association (one, two, three, five, and ten years).
The declines in profitability did not occur, even considering the implementation of the 2 percent ceiling on updating rents in 2023, a limit that provided for compensation to landlords in the IRS, but which did not cover investment funds.
On the other side of the coin are closed-end development funds, which achieved the weakest returns.