MXRF11 Dividends — income history

When does MXRF11 pay the next dividend?

• 2026-05 — Return of DPU to R$ 0.10 (signaled by community monitor): +R$ 0.005/unit in May/2026
• 2026-07 — Peak swap revenue—Certificate of occupancy for Brooklin 1 + Vila Nova Conceição 1 + Jardim Europa 2: +R$ 5–15M extra revenue in 2Q–3Q/2026
• 2026-12 — Projected Selic rate at 12.50% (Focus survey, Dec/2026): +5% on unit price, stable DPU
• 2027-01 — DPU pressure if IPCA closes 2026 at <4%: -R$ 0.01/unit in recurring DPU

MXRF11 dividend summary

• Current (May/2026): R$ 0,10
• 12m Dividend Yield (market): 12,19%
• % CDI (gross up): 118%
• Estabilidade: Excelente

Income analysis

Sustainable long-term DPU. Fine calibration (temporary cut in Mar/26) shows margins are tight, but a 14-year stability record is the fund's most valuable asset.

Are the dividends sustainable?

The DPU of R$ 0.095–0.10/unit is sustainable in the long term—the fund distributes on a cash basis virtually 100% of its monthly earnings (12m payout = 100.6%, average burn ~R$ 0.28M/month). This small burn is covered by R$ 101.7M in net cash (Item 9 of the Monthly Report), covering ~30 years at the current pace.

Note: True sustainable DPU = R$ 525M / 12m / 460.27M units = R$ 0.0951/unit/month. The fund distributes R$ 0.0957/unit—a difference of R$ 0.0006/unit. In a scenario of sharply falling IPCA (Focus survey at 4.17%), the DPU may stabilize at R$ 0.09 instead of R$ 0.10 to close the gap. The cut from R$ 0.10 to R$ 0.095 in March 2026 already signals this fine calibration.

Technical cash status: stable with marginal burn—payout close to 100% with no significant reserve accumulation.

Distribution guidance

For next 6 months, the manager projects a distribution of R$ 0.095 to R$ 0.105 per unit per month.

Dividend yield projection

Current DY (12m): 12.19% · Projected DY: 12.1% · reference price R$ 9.26

Will MXRF11 keep the dividend?

DPU stable at R$ 0.095–0.10 for over 12 months, with marginal cash burn (~0.6%)

12-month average payout of 1.006% · accumulated cash covers about 363 months of distributions · burn of R$ 0.0006 per unit per month.

MXRF11 dividends in 2026

In 2026 MXRF11 paid R$ 0.7 per unit across 7 periods, averaging R$ 0.1 per month.

MXRF11 dividends in 2025

In 2025 MXRF11 paid R$ 1.17 per unit across 12 periods, averaging R$ 0.1 per month.

MXRF11 dividends in 2024

In 2024 MXRF11 paid R$ 1.17 per unit across 12 periods, averaging R$ 0.1 per month.

MXRF11 dividends in 2023

In 2023 MXRF11 paid R$ 1.38 per unit across 12 periods, averaging R$ 0.11 per month.

MXRF11 dividends in 2022

In 2022 MXRF11 paid R$ 1.21 per unit across 12 periods, averaging R$ 0.1 per month.

MXRF11 dividends in 2021

In 2021 MXRF11 paid R$ 1.01 per unit across 12 periods, averaging R$ 0.08 per month.

MXRF11 dividends in 2020

In 2020 MXRF11 paid R$ 1.01 per unit across 12 periods, averaging R$ 0.08 per month.

MXRF11 dividends in 2019

In 2019 MXRF11 paid R$ 1.02 per unit across 12 periods, averaging R$ 0.09 per month.

MXRF11 dividends in 2018

In 2018 MXRF11 paid R$ 0.83 per unit across 12 periods, averaging R$ 0.07 per month.

MXRF11 dividends in 2017

In 2017 MXRF11 paid R$ 1.48 per unit across 9 periods, averaging R$ 0.16 per month.

Payout by half-year

Frequently asked questions

What was MXRF11's latest dividend?

The latest income announced by MXRF11 was R$ 0.1 per unit, paid on 2026-08-14.

Does MXRF11 pay monthly dividends?

Yes, MXRF11 distributes income to unitholders every month. The month-by-month history — with period, amount per unit, payment date and DY — is in the table above.

What is MXRF11's dividend yield (DY)?

MXRF11's dividend yield is approximately 12.3% based on the income paid over the last 12 months.

Is MXRF11 high yield?

With a DY near 12.3% per year, MXRF11 is in the high yield REIT range (above ~10% p.a.) — a level that usually comes with more credit or market risk.