Mota, Renato Henrique GurgelAraújo, Marcus Vinicius Gurgel de2025-03-192025-03-192025-01-16ARAÚJO, Marcus Vinicius Gurgel de. P/VP como método de seleção de Fundos Imobiliários: uma avaliação de desempenho de 2018 a 2024. 28 f. Orientador: Renato Henrique Gurgel Mota. 2025. Trabalho de Conclusão de Curso (Graduação em Ciências Contábeis) - Departamento de Ciências Contábeis, Universidade Federal do Rio Grande do Norte, Natal, 2025.https://repositorio.ufrn.br/handle/123456789/63079This study investigates the dynamics of returns from Brazilian Real Estate Investment Trusts (BR-REITs), using the price-to-book ratio (P/B). Based on data from 2018 to 2024, the research structured portfolios composed of BR-REITs with higher and lower P/B ratios, comparing their performance with the IFIX index. The Higher P/B Portfolio showed both total return and volatility above the index. On the other hand, the Lower P/B Portfolio experienced negative performance. Nevertheless, the study concludes that integrated approaches should be employed, encompassing not only quantitative indicators but also qualitative and contextual aspects. The study enriches the understanding of BR-REITs' behavior, paving the way for future research exploring asset selection strategies considering the interaction between P/B and associated risks.Attribution-NonCommercial-NoDerivs 3.0 Brazilhttp://creativecommons.org/licenses/by-nc-nd/3.0/br/Fundos de Investimento ImobiliárioEstratégias de investimentoPreço dividido pelo valor patrimonial (P/VP)bachelorThesisCNPQ::CIENCIAS SOCIAIS APLICADAS