SPTW11 — SP Downtown FII

FII SPTW PAX (new ticker name since Jul 22, 2025) — office building fund with a single asset, the Badaró Building in São Paulo, 100% leased to Atento since 2014

Segment: Office Buildings (Brick-and-Mortar, Income, Defined Management) · Price R$ 29.06 · P/BV 0.5405 · BV/unit R$ 53.77 · Net assets R$ 96,7 Mi · 16,331 unitholders · 1 assets

What is SPTW11

SPTW11 (SP Downtown FII) is a Brazilian REIT in the Office Buildings (Brick-and-Mortar, Income, Defined Management) segment. FII SPTW PAX (new ticker name since Jul 22, 2025) — office building fund with a single asset, the Badaró Building in São Paulo, 100% leased to Atento since 2014

Single commercial building fund in Downtown São Paulo, leased entirely to Atento (call center) under a lease running through 2030, debt-free and with a very low management fee. Pay attention: Atento delayed June and July rent, and the reserves backing the monthly distribution are nearly exhausted.

This page gathers the factual snapshot of SPTW11 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.

SPTW11 numbers in 2026

  • Net assets: R$ 96,7 Mi
  • Book value per share: R$ 53.77
  • Number of shareholders: 16,331
  • Assets in portfolio: 1
  • Gross leasable area: 13,437 sqm (Badaró Building - São Paulo)
  • Occupancy: 100.0%
  • WAULT (years): 6.5

Manager

Management: Pátria - VBI Asset Management Ltda..

See our analysis of Pátria - VBI Asset Management Ltda. →

SPTW11 portfolio: what the fund invests in

AssetLocation% of NAVOccupancy
Badaró BuildingRua Líbero Badaró, 633/641 and Av. Prestes Maia, 98/114 — Downtown, São Paulo/SP100.0%1.0%

Concentration and diversification

BreakdownShare
By stateDowntown São Paulo - SP 100.0%

Price, P/BV and book value

Fund's P/BV.

last close R$ 29.06 · all-time low R$ 27.52 · high R$ 124.00 · book value per unit R$ 53.77.

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