Brazil's only listed real-estate fund dedicated entirely to cemetery concessions owns five of São Paulo's public cemeteries — and it trades today at a discount to the value of assets it holds. Full nameMérito Cemitérios FII – Fundo de Investimento Imobiliário Ticker / exchangeMCEM11 · B3 (São Paulo) HeadquartersSão Paulo, Brazil (Rua Funchal 418, Vila Olímpia) SectorReal Estate – Specialty REIT (funeral / cemetery concessions) Investors (unit-holders)~272 registered cotistas Market value (market cap)R$ 88.8 m · US$17.2 m (our calculation) Total assets (NAV)R$ 97.2 m · US$18.9 m (2025 balance …
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