HUSI11 — HUSI Real Estate Fund

Hospital brick-and-mortar fund, CNPJ 30.017.492/0001-99, administered by Planner Trustee and managed by Hospital Care

Segment: Hospital (Brick-and-mortar Fund) · Price R$ 1200.0 · P/BV 0.9118 · BV/unit R$ 1316.13 · Net assets R$ 153 Mi · 105 unitholders

What is HUSI11

HUSI11 (HUSI Real Estate Fund) is a Brazilian REIT in the Hospital (Brick-and-mortar Fund) segment. Hospital brick-and-mortar fund, CNPJ 30.017.492/0001-99, administered by Planner Trustee and managed by Hospital Care

Hospital brick-and-mortar fund with zero vacancy, attractive dividend yield, and critical liquidity risk — unsuitable for conventional retail investors

This page gathers the factual snapshot of HUSI11 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.

HUSI11 numbers in 2026

Net assets: R$ 153 Mi
Book value per share: R$ 1316.13
Number of shareholders: 105
Occupancy: 100.0%

Fees

Management fee: n/d
Performance fee: n/d
Custody fee: n/d

Manager

Management: Hospital Care.

Hospital Care is a manager specialized in healthcare and hospital real estate assets. Sector specialization is a potential competitive advantage — teams focused on healthcare tend to have a better capacity for evaluating hospital assets, negotiating with operators, and understanding regulatory risks. However, the small unitholder base (106 unitholders) and the critical liquidity of HUSI11 suggest that the fund was structured mostly for institutional allocation, not for the retail market. The rating of 5 reflects the absence of a broad public track record and the inability to evaluate historical performance without CVM filings in this lite analysis.

Especialização: Hospital Assets
HUSI Assets: R$ 153 Mi
Cotistas: 106

HUSI11 portfolio: what the fund invests in

Hospital portfolio — detailed composition not available in this lite analysis (no mined CVM filings)

Asset	Location	% of NAV	Occupancy
Hospital Assets (composition not disclosed in this analysis)	Not available in this lite analysis	100.0%	1.0%

Price, P/BV and book value

last close R$ 1200.0 · book value per unit R$ 1316.13.

Liquidity and trading

Average daily volume (21 sessions) of R$ 8,820.

Critical liquidity. A R$ 10k position takes more than 1 business day to exit without moving the price; R$ 100k takes more than 2 weeks. Incompatible with any strategy requiring an exit in a reasonable timeframe.

HUSI11 track record

The HUSI11 is a hospital brick-and-mortar fund with a quasi-institutional profile. With only 106 unitholders and an average daily trading volume of R$ 8.82k, the fund was structured for institutional or high-net-worth investors with a long-term horizon and no need for liquidity. Zero vacancy and a dividend yield of 11.66% indicate a portfolio in stable operation. The 12.63% drop in unit price over 12 months and the 24% discount to book value are points to monitor. Complete history is not available in this lite analysis.

Period	What happened
CONSTITUIÇÃO	Constitution of HUSI11 as a brick-and-mortar real estate fund in the hospital segment.
SITUAÇÃO ATUAL	Fund with 116,362 units, net assets of R$ 153.13M, and a unit price of R$ 1,000.00.