BICR11 — Inter Títulos Imobiliários FII

Paper fund (CRIs) managed by Inter Asset Management — the asset management arm of Banco Inter (CNPJ 34.007.109/0001-72)

Segment: Equities and Fixed Income (Paper Fund — CRIs) · Price R$ 35.92 · P/BV 0.86 · BV/unit R$ 41.61 · Net assets R$ 20,8 Mi · 641 unitholders

What is BICR11

BICR11 (Inter Títulos Imobiliários FII) is a Brazilian REIT in the Equities and Fixed Income (Paper Fund — CRIs) segment. Paper fund (CRIs) managed by Inter Asset Management — the asset management arm of Banco Inter (CNPJ 34.007.109/0001-72)

Niche fund with almost nonexistent liquidity — unsuitable for most investors

This page gathers the factual snapshot of BICR11 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.

BICR11 numbers in 2026

  • Net assets: R$ 20,8 Mi
  • Book value per share: R$ 41.61
  • Number of shareholders: 641

Fees

  • Management fee: 0,50% a.a.
  • Performance fee: n/d
  • Advisory fee: n/d

Manager

Management: Inter Asset Management.

Inter Asset Management (Inter Gestora de Recursos) is the asset management arm of Banco Inter, founded in 2020. It manages investment funds focused on the digital bank's ecosystem. The administrator of BICR11 is BTG Pactual Serviços Financeiros S/A DTVM. There is not enough data in this lite analysis to evaluate Inter Asset's management history or track record in paper funds.
  • Fundada em: 2020 (estimated)
  • Vínculo: Asset management arm of Banco Inter
  • BICR11 NAV: R$ 20,8 Mi

See our analysis of Inter Asset Management →

BICR11 portfolio: what the fund invests in

CRI portfolio — breakdown not available (lite analysis without mined CVM filings)

AssetLocation% of NAVOccupancy
CRI portfolio — not detailed—100.0%—

Price, P/BV and book value

book value per unit R$ 41.61.

Liquidity and trading

Average daily volume (21 sessions) of R$ 665.

Extremely low liquidity (R$ 665/day). Practically impossible to build or unwind any position in an orderly manner. This is the main limiting factor for the fund.

BICR11 track record

BICR11 is a very small paper fund with only R$ 20.8M in net assets and 641 unitholders. No earnings have been distributed since November 2024, representing over 6 months of zero DY. The unit price has dropped 7.18% over 12 months, and daily liquidity of R$ 665 makes the fund practically untradeable. Caution: without mining CVM filings, it is not possible to determine the exact cause of the distribution halt — investors should check the management reports and monthly reports to understand the current status of the CRI portfolio.
PeriodWhat happened
IPOLaunch of BICR11 with CNPJ 34.007.109/0001-72 constituted in 2020. Paper fund focused on CRIs, managed by Inter Asset Management.
ÚLTIMO RENDIMENTOLast declared distribution: R$ 0.363/unit with record date October 31, 2024, paid on November 14, 2024.
SEM RENDIMENTOSThe fund declared no distributions throughout 2025 and the early months of 2026, accumulating a 12-month DY of 0%.

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