HILG11 is a publicly traded real-estate fund in Brazil whose recent numbers would catch any investor’s eye—but a closer look shows the numbers come with an asterisk. Full nameHILG11 (FII HILG) Tickers / exchangeHILG11 / B3 S.A. (São Paulo) HeadquartersNot disclosed in available sources SectorReal Estate – REIT Diversified Employees0 (externally managed fund) Market valueR$ 130.8 million (US$ 25.9 million) Yearly salesR$ 43.5 million (US$ 8.6 million) – 2025 Net profitR$ 47.8 million (US$ 9.5 million) – 2025 Net margin109.8% (our calculation) Return on equity31.8% (our calculation) Price-to-earnings7.33 Dividend yieldNot …
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