ARTE11 — Ártemis FII

ÁRTEMIS FUNDO DE INVESTIMENTO IMOBILIÁRIO RESPONSABILIDADE LIMITADA — CNPJ 53.193.237/0001-00

Segment: Residential / Paper (CRI + LCI/LCA) · Price R$ 7.15 · P/BV 0.7051 · BV/unit R$ 10.14 · Net assets R$ 96,3 Mi · 1,111 unitholders

What is ARTE11

ARTE11 (Ártemis FII) is a Brazilian REIT in the Residential / Paper (CRI + LCI/LCA) segment. ÁRTEMIS FUNDO DE INVESTIMENTO IMOBILIÁRIO RESPONSABILIDADE LIMITADA — CNPJ 53.193.237/0001-00

Fund managed by Ártemis (administered by BTG) with 95% of net assets in a single self-originated IPCA+ subdivision CRI (72% LTV, 2% delinquency, pulverized debtors). Pays R$ 0.11/unit out of measured cash flow (12m dividend yield of 13.47%), trading at 0.74x book value. Concentration and liquidity of ~R$ 80k/day limit position sizing to a satellite role.

This page gathers the factual snapshot of ARTE11 in 2026: what the fund is, what it invests in, what it charges, who manages it and how it got here. Opinion, score and recommendation live in the analysis; payout calendar and projections live in dividends.

ARTE11 numbers in 2026

Net assets: R$ 96,3 Mi
Book value per share: R$ 10.14
Number of shareholders: 1,111
Gross leasable area: n/d

Fees

Management fee: 1,10% a.a.
Performance fee: n/d
Custody fee: n/d

Manager

Management: n/d.

The administrator of ARTE11 is BTG Pactual Serviços Financeiros S/A DTVM, one of Brazil's largest and most recognized financial institutions with extensive experience in structuring real estate funds. However, the manager responsible for asset selection (CRI/LCI/LCA) was not identified in the web sources consulted. Without knowing the management team and their track record, assessing the origination quality of the portfolio is compromised. This information needs to be supplemented with official FundosNet documents.

Administrador: BTG Pactual DTVM
Gestora: n/d
ARTE11 Net Assets: R$ 99,7 Mi

ARTE11 portfolio: what the fund invests in

Residential CRI/LCI/LCA portfolio — detailed breakdown not available (lite analysis)

Asset	Location	% of NAV	Occupancy
CRI BAIRRU/VIZI	—	—	—
CRI LOTELAR	—	—	—

Concentration and diversification

Breakdown	Share
By index	IPCA 99.2%

Price, P/BV and book value

last close R$ 7.15 · book value per unit R$ 10.14.

Liquidity and trading

Average daily volume (21 sessions) of R$ 80,000.

Liquidity rose to ~R$ 80k/day following the secondary market opening in Mar/2026 (previously R$ 44k). Still low — a R$ 100k position takes ~8 days to exit; positions above R$ 200k require caution.

ARTE11 track record

ARTE11 is a small residential paper fund with a base of only 796 unitholders and a minimal average daily trading volume of R$ 44k. The -17.44% drop over 12 months in a high-Selic environment suggests potential portfolio deterioration or selling pressure from exiting unitholders. Without CVM documents, validating the quality of the CRIs and delinquency levels is not possible.

Period	What happened
CONSTITUIÇÃO	Fund established under CNPJ 53.193.237/0001-00. Administered by BTG Pactual DTVM. Focuses on residential CRI/LCI/LCA instruments.
QUEDA DE PREÇO	Unit price accumulated a decline of -17.44% over 12 months, closing at R$ 8.33 (Jun/2026) with a P/BV of 0.79.
POSIÇÃO ATUAL	Fund operates with R$ 99.7M in net assets, 796 unitholders, and average daily trading volume of R$ 44k.