{"id":2796,"date":"2025-06-26T02:31:43","date_gmt":"2025-06-26T05:31:43","guid":{"rendered":"https:\/\/www.gringoinvestor.com\/?page_id=2796"},"modified":"2025-06-29T10:50:07","modified_gmt":"2025-06-29T13:50:07","slug":"knri11","status":"publish","type":"page","link":"https:\/\/www.gringoinvestor.com\/pt\/fiis\/escritorios\/knri11\/","title":{"rendered":"KNRI11: FII Kinea Renda Imobili\u00e1ria"},"content":{"rendered":"<p>Lan\u00e7ado em 2010, o KNRI11 \u00e9 o maior fundo imobili\u00e1rio h\u00edbrido do Brasil e o quarto maior fundo de tijolo no geral. Seu portf\u00f3lio \u00e9 quase igualmente dividido entre ativos de escrit\u00f3rios e log\u00edstica, com 54% da receita de aluguel proveniente de escrit\u00f3rios e 46% de log\u00edstica.<\/p>\n\n\n\n<p>Gerido por <a href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/gestoras\/kinea-investimentos\/\">Kinea Investimentos<\/a>, o fundo possui uma capitaliza\u00e7\u00e3o de mercado de aproximadamente R$4,1 bilh\u00f5es. Ele representa 2,96% do <a href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/indice-ifix\/\">\u00edndice IFIX<\/a> e possui um peso de 6,59% no <a href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/etf-hert11\/\">ETF HERT11<\/a>.<\/p>\n\n\n\n<p>Observa\u00e7\u00e3o: esta p\u00e1gina foi atualizada pela \u00faltima vez em 25 de junho de 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">KNRI11 Key Facts<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>M\u00e9trica<\/strong><\/td><td><strong>Valor<\/strong><\/td><\/tr><tr><td>Nome do Fundo<\/td><td>Kinea Renda Imobiliaria FII<\/td><\/tr><tr><td>Gestor<\/td><td>Kinea Investimentos<\/td><\/tr><tr><td>Taxa de administra\u00e7\u00e3o<\/td><td>1,11% da capitaliza\u00e7\u00e3o de mercado<\/td><\/tr><tr><td>Site da gestora<\/td><td><a href=\"https:\/\/www.kinea.com.br\/fundos\/fundo-imobiliario-kinea-renda-knri11\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.kinea.com.br\/fundos\/fundo-imobiliario-kinea-renda-knri11\/<\/a><\/td><\/tr><tr><td>In\u00edcio<\/td><td>11\/08\/2010<\/td><\/tr><tr><td>Setor<\/td><td>H\u00edbrido (Escrit\u00f3rios 54%, Log\u00edstica 46%)<\/td><\/tr><tr><td>Valor<\/td><td>R$4.1B<\/td><\/tr><tr><td>N\u00famero de im\u00f3veis<\/td><td>21 (13 escrit\u00f3rios e 8 ativos log\u00edsticos)<\/td><\/tr><tr><td>\u00c1rea Bruta Loc\u00e1vel (ABL)<\/td><td>~722 mil m\u00b2 (Escrit\u00f3rios: 167 mil m\u00b2, Log\u00edstica: 555 mil m\u00b2)<\/td><\/tr><tr><td>Pre\u00e7o atual<\/td><td>R$142.30<\/td><\/tr><tr><td>Pre\u00e7o sobre Valor Patrimonial (P\/VP)<\/td><td>0.89<\/td><\/tr><tr><td>Dividend Yield (12 meses)<\/td><td>8.37%<\/td><\/tr><tr><td>Inclus\u00e3o em \u00cdndices\/ETFs<\/td><td>IFIX, HERT11<br><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>O gr\u00e1fico abaixo, fornecido pela Kinea, mostra o retorno total do KNRI11 com dividendos reinvestidos desde o in\u00edcio. Embora seja informativo, ele n\u00e3o inclui um \u00edndice de refer\u00eancia como o IFIX, o que torna as compara\u00e7\u00f5es diretas de desempenho mais dif\u00edceis.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Hist\u00f3rico de Desempenho<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"664\" height=\"194\" src=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-16.png\" alt=\"\" class=\"wp-image-2803\" srcset=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-16.png 664w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-16-300x88.png 300w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-16-18x5.png 18w\" sizes=\"(max-width: 664px) 100vw, 664px\" \/><\/figure>\n\n\n\n<p><em>Fonte: Relat\u00f3rio Gerencial de maio de 2025<\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Vis\u00e3o Geral do Portf\u00f3lio<\/h2>\n\n\n\n<p>O portf\u00f3lio do KNRI11 \u00e9 composto por 21 im\u00f3veis, totalizando aproximadamente 722 mil metros quadrados de \u00c1rea Bruta Loc\u00e1vel (ABL), divididos entre 13 edif\u00edcios comerciais (167 mil m\u00b2) e 8 im\u00f3veis log\u00edsticos (555 mil m\u00b2).<\/p>\n\n\n\n<p>O infogr\u00e1fico abaixo ilustra a diversifica\u00e7\u00e3o setorial dos locat\u00e1rios do fundo. Embora o KNRI11 possua im\u00f3veis em apenas tr\u00eas estados, a receita de aluguel est\u00e1 fortemente concentrada em S\u00e3o Paulo (69%), seguida pelo Rio de Janeiro (16%) e Minas Gerais (15%).<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"717\" height=\"702\" src=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-17.png\" alt=\"\" class=\"wp-image-2804\" srcset=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-17.png 717w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-17-300x294.png 300w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-17-12x12.png 12w\" sizes=\"(max-width: 717px) 100vw, 717px\" \/><\/figure>\n\n\n\n<p><em>Fonte: Apresenta\u00e7\u00e3o Gerencial de maio<\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>70% dos contratos de loca\u00e7\u00e3o do KNRI11 est\u00e3o indexados ao IPCA, e 30% ao IGP-M, o que significa que todos os contratos est\u00e3o atrelados \u00e0 infla\u00e7\u00e3o, uma caracter\u00edstica comum dos FIIs brasileiros. <\/p>\n\n\n\n<p>Os contratos de loca\u00e7\u00e3o est\u00e3o aproximadamente divididos entre \u201ct\u00edpicos\u201d (54%) e \u201cat\u00edpicos\u201d (46%). Embora os contratos at\u00edpicos ofere\u00e7am maior seguran\u00e7a contratual, eles podem tamb\u00e9m refletir im\u00f3veis mais especializados, o que pode aumentar o risco de vac\u00e2ncia em caso de insolv\u00eancia do locat\u00e1rio.<\/p>\n\n\n\n<p>O fundo concedeu per\u00edodos de car\u00eancia substanciais para atrair locat\u00e1rios. Embora isso sugira alguma fragilidade no mercado de aluguel para seus im\u00f3veis, tamb\u00e9m cria uma oportunidade significativa de receita \u00e0 medida que esses per\u00edodos de car\u00eancia expirarem. A tabela abaixo mostra as proje\u00e7\u00f5es da Kinea Investimentos para ganhos incrementais de receita ap\u00f3s o t\u00e9rmino dos per\u00edodos de car\u00eancia.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"705\" height=\"163\" src=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-18.png\" alt=\"\" class=\"wp-image-2805\" srcset=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-18.png 705w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-18-300x69.png 300w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-18-18x4.png 18w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/figure>\n\n\n\n<p><em>Fonte: Apresenta\u00e7\u00e3o Gerencial de maio<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Compara\u00e7\u00e3o Setorial e Indicadores-Chave (KPIs)<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udcc8 Valor de Mercado e Yield<\/h3>\n\n\n\n<p>O KNRI11 \u00e9 o quarto maior FII de tijolo no IFIX, com uma capitaliza\u00e7\u00e3o de mercado de R$4,1 bilh\u00f5es. Apresenta um dividend yield de 12 meses de 8,37%, abaixo tanto da mediana dos FIIs de log\u00edstica (9,88%) quanto da mediana dos FIIs de escrit\u00f3rios (12,09%). Devido ao seu porte, hist\u00f3rico e portf\u00f3lio h\u00edbrido, \u00e9 mais adequado compar\u00e1-lo a uma combina\u00e7\u00e3o ponderada de fundos de escrit\u00f3rios de primeira linha como PVBI11 e HGRE11, juntamente com pares do setor log\u00edstico, como <a href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/logistica\/hglg11\/\">HGLG11<\/a> e <a href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/logistica\/btlg11\/\">BTLG11<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83e\uddee Avalia\u00e7\u00e3o<\/h3>\n\n\n\n<p>O KNRI11 \u00e9 negociado com um \u00edndice pre\u00e7o\/valor patrimonial (P\/VP) de 0,89x, acima tanto da mediana dos pares de escrit\u00f3rios no IFIX, que \u00e9 0,73x, quanto da mediana dos pares de log\u00edstica, que \u00e9 0,80x. Ele \u00e9 negociado acima de grandes FIIs de escrit\u00f3rios como PVBI11 e HGRE11 (ambos a 0,73x), mas abaixo de pares do setor log\u00edstico como HGLG11 (0,97x), BTLG11 (0,96x) e BRCO11 (0,92x).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udcb8 Padr\u00e3o de Dividendos<\/h3>\n\n\n\n<p>Historicamente, o KNRI11 tem distribu\u00eddo dividendos mensais consistentes e, nos \u00faltimos anos, esses dividendos cresceram em ritmo igual ou superior \u00e0 infla\u00e7\u00e3o. Por exemplo, o crescimento dos dividendos atingiu uma taxa composta de crescimento anual (CAGR) de 6,9% entre 2022 e 2024. <\/p>\n\n\n\n<p>Embora o pagamento tenha se mantido resiliente durante a COVID, o dividendo mensal atual de R$1,00 est\u00e1 apenas 9% acima dos R$0,92 pagos em 2016, indicando que o crescimento nominal de longo prazo tem sido limitado.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<div style=\"overflow-x: auto; -webkit-overflow-scrolling: touch;\">\n  <div style=\"min-width: 660px;\">\n<iframe width=\"600\" height=\"371\" seamless frameborder=\"0\" scrolling=\"no\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vQJ09eXDXBz6iMjNdeSUy30ye1_FcY_1awlNdKS5xqI3DkkfiC6DhEEj_o2uZsUjiTKo38xlKM6mowN\/pubchart?oid=1035433710&amp;format=interactive\"><\/iframe>\n<p style=\"font-size: 0.75em; color: #888; text-align: left; padding-left: 0.5em; margin-top: 0.25em;\">\n      \ud83d\udc49 Deslize para o lado no celular para visualizar o gr\u00e1fico completo\n    <\/p>\n  <\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udcc9 Vac\u00e2ncia e Perfil dos Contratos de Loca\u00e7\u00e3o<\/h3>\n\n\n\n<p>Em maio de 2025, o KNRI11 apresenta uma taxa de vac\u00e2ncia f\u00edsica de 4,56% e uma taxa de vac\u00e2ncia financeira de 6,22%. A vac\u00e2ncia financeira melhorou nos \u00faltimos 12 meses, provavelmente devido ao t\u00e9rmino dos per\u00edodos de car\u00eancia, enquanto a vac\u00e2ncia f\u00edsica aumentou gradualmente.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"716\" height=\"266\" src=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-19.png\" alt=\"\" class=\"wp-image-2812\" srcset=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-19.png 716w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-19-300x111.png 300w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-19-18x7.png 18w\" sizes=\"(max-width: 716px) 100vw, 716px\" \/><\/figure>\n\n\n\n<p><em>Fonte: Kinea Renda Imobili\u00e1ria FII \u2013 Relat\u00f3rio de Maio<\/em><\/p>\n\n\n\n<p>O prazo m\u00e9dio restante dos contratos de loca\u00e7\u00e3o \u00e9 de 3,03 anos para os escrit\u00f3rios e 4,53 anos para os ativos log\u00edsticos. No segmento log\u00edstico, isso est\u00e1 amplamente em linha com o HGLG11 (4,6 anos), mas \u00e9 mais curto do que o BTLG11 (5,2 anos).<\/p>\n\n\n\n<p>A vac\u00e2ncia log\u00edstica \u00e9 favor\u00e1vel, com menos de 2% de vac\u00e2ncia financeira, comparando-se bem com o HGLG11 (5,5%) e o BTLG11 (1%).<\/p>\n\n\n\n<p>No entanto, o portf\u00f3lio de escrit\u00f3rios apresenta uma taxa de vac\u00e2ncia financeira de 12%, com 76,73% dessa vac\u00e2ncia concentrada no Rio de Janeiro.<\/p>\n\n\n\n<p>Embora apenas 10% dos contratos de loca\u00e7\u00e3o de escrit\u00f3rios ven\u00e7am at\u00e9 o final de 2026, outros 16% t\u00eam vencimento previsto para 2027.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"709\" height=\"133\" src=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-20.png\" alt=\"\" class=\"wp-image-2813\" srcset=\"https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-20.png 709w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-20-300x56.png 300w, https:\/\/www.gringoinvestor.com\/wp-content\/uploads\/2025\/06\/image-20-18x3.png 18w\" sizes=\"(max-width: 709px) 100vw, 709px\" \/><\/figure>\n\n\n\n<p><em>Fonte: Kinea Renda Imobili\u00e1ria FII \u2013 Relat\u00f3rio de Maio<\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udcd8 Saiba Mais<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Se voc\u00ea \u00e9 novo no mercado de FIIs (REITs brasileiros), confira meu <a href=\"\/pt\/fiis\/\" style=\"color:#004aad; text-decoration:underline;\">Guia para Investidores Internacionais<\/a> ou <a href=\"\/pt\/como-escolher-fiis\/\" style=\"color:#004aad; text-decoration:underline;\">Como Eu Escolho FIIs<\/a><\/li>\n\n\n\n<li>Para gr\u00e1ficos e tabelas excelentes, confira a p\u00e1gina do KNRI11 em <a href=\"https:\/\/www.fundsexplorer.com.br\/funds\/knri11\" target=\"_blank\" rel=\"noreferrer noopener\">O Funds Explorer.<\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udd17 P\u00e1ginas Relacionadas<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/escritorios\/\">Vis\u00e3o Geral dos FIIs de Escrit\u00f3rios Brasileiros<\/a><\/li>\n\n\n\n<li><a style=\"color:#004aad; text-decoration:underline;\" href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/logistica\/\">Vis\u00e3o Geral dos FIIs de Log\u00edstica<\/a><\/li>\n\n\n\n<li><a style=\"color:#004aad; text-decoration:underline;\" href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/indice-ifix\/\">Composi\u00e7\u00e3o do \u00cdndice IFIX<\/a><\/li>\n\n\n\n<li><a style=\"color:#004aad; text-decoration:underline;\" href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/etf-hert11\/\">Posi\u00e7\u00f5es do ETF HERT11<\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"disclosure\">Aviso de Conflito de Interesses<\/h2>\n\n\n\n<p>At\u00e9 o momento da reda\u00e7\u00e3o deste conte\u00fado, n\u00e3o possuo posi\u00e7\u00e3o em KNRI11, embora isso possa mudar no futuro. Este conte\u00fado tem car\u00e1ter meramente informativo e n\u00e3o constitui recomenda\u00e7\u00e3o de investimento. Sempre fa\u00e7a sua pr\u00f3pria pesquisa e consulte um profissional licenciado antes de tomar decis\u00f5es financeiras.<\/p>\n\n\n\n<p id=\"legal-disclaimer\"><strong>IMPORTANTE: AVISO LEGAL<\/strong><\/p>\n\n\n\n<p><strong>As informa\u00e7\u00f5es fornecidas neste site s\u00e3o apenas para fins informativos gerais. Todo o conte\u00fado se baseia em opini\u00f5es pessoais, experi\u00eancias ou dados publicamente dispon\u00edveis e n\u00e3o deve ser interpretado como aconselhamento financeiro, jur\u00eddico, tribut\u00e1rio ou de investimentos. Nada aqui deve ser entendido como uma recomenda\u00e7\u00e3o para comprar, vender ou manter qualquer instrumento financeiro.<\/strong><\/p>\n\n\n\n<p><strong>N\u00e3o sou consultor financeiro certificado e n\u00e3o conhe\u00e7o sua situa\u00e7\u00e3o financeira pessoal. Sempre consulte um profissional qualificado antes de tomar qualquer decis\u00e3o de investimento. O Gringo Investor e seu criador isentam-se de qualquer responsabilidade por perdas ou danos decorrentes do uso dessas informa\u00e7\u00f5es.<\/strong><\/p>\n\n\n\n<p><strong>Investir envolve riscos, incluindo a possibilidade de perda total do capital. Resultados passados n\u00e3o garantem retornos futuros.<\/strong><br><br><strong>Este site \u00e9 voltado para um p\u00fablico internacional e n\u00e3o se destina a cumprir regulamenta\u00e7\u00f5es da CVM ou fornecer recomenda\u00e7\u00f5es formais de investimento no Brasil.\n\nEste artigo foi originalmente escrito em ingl\u00eas. Para ler na vers\u00e3o original, mude o idioma do site para Ingl\u00eas usando o seletor de idiomas no menu.<\/strong><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Launched in 2010, KNRI11 is Brazil\u2019s largest hybrid real estate FII and the fourth largest brick-and-mortar fund overall. Its portfolio is nearly evenly split between office and logistics assets, with 54% of rental income from offices and 46% from logistics. Managed by Kinea Investimentos, the fund has a market capitalization of approximately R$4.1 billion. It [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"parent":2339,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-2796","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KNRI11: Kinea Renda Imobiliaria FII - Gringo Investor<\/title>\n<meta name=\"description\" content=\"KNRI11 is Brazil\u2019s largest hybrid real estate fund (FII), managed by Kinea. This review analyzes its dividend yield, tenant portfolio, valuation metrics, and long-term performance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gringoinvestor.com\/pt\/fiis\/escritorios\/knri11\/\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KNRI11: Kinea Renda Imobiliaria FII - Gringo Investor\" \/>\n<meta property=\"og:description\" content=\"KNRI11 is Brazil\u2019s largest hybrid real estate fund (FII), managed by Kinea. 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