In brief

Casas Bahia left R$ 4.3 million in rent unpaid.

HSLG11HSI Logística FIIOrganizationLogistics warehouse real estate fund traded on B3 as HSLG11.Open in the Market Map ↗ sought eviction.

What we know

04

  1. Verified fact · material

    Casas Bahia left September rent of about R$ 4.3 million owed to the HSLG11HSI Logística FIIOrganizationLogistics warehouse real estate fund traded on B3 as HSLG11.Open in the Market Map ↗ fund unpaid.

    Default.

    Sources[01][02][03]

  2. Verified fact · material

    The fund filed an eviction suit against Casas Bahia.

    Legal action.

    Sources[01][02]

  3. Verified fact

    HSLG11HSI Logística FIIOrganizationLogistics warehouse real estate fund traded on B3 as HSLG11.Open in the Market Map ↗ units fell about 4% after the news, according to Seu Dinheiro and Investidor10.

    Reaction.

    Sources[02][03]

  4. Verified fact

    According to InfoMoney, the exact amount is R$ 4,303,920.14, due on October 7.

    Detail.

    Sources[01]

Transmission to assets

Market read-through

The case shows the Casas Bahia crisis is already hitting real estate fundsReal Estate FundsAssetBrazil's market of listed real estate investment funds on B3 — over 3 million investors across brick-and-mortar and paper funds, tracked by the IFIX index.Open in the Market Map ↗ that lease warehouses to the retailer.

Portfolio impact

01
HSLG11negative

Unpaid rent cuts income.

Later payment.

What would change the view: Debt unpaid.

direct35% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Progress of the eviction suit
  • Payment of subsequent rents

Limits of the reporting

What remains uncertain

  • Casas Bahia may pay the debt and end the suit.

Full sources

03
01
InfoMoneyFII HSLG11 cai forte após Casas Bahia deixar aluguel de R$ 4,3 milhões em abertoindependent newsroom
02
Seu DinheiroCrise das Casas Bahia chega ao HSLG11: FII pede despejo após caloteindependent newsroom
03
Investidor10FII de logística toma calote da Casas Bahia e cotas caem quase 4%independent newsroom
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