JHSF stock reports 89.00 percent revenue growth in Q2

Published on 09/30/2026 at 10:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi set a BRL 12.00 target for JHSF on September 4, 2026, while adjusted EBITDA reached BRL 503.0 million in Q2. Real estate revenue rose 238.00 percent.

JHSF, BRJHSFACNOR2, Illustration mit AI erstellt.

JHSF stock (ISIN BRJHSFACNOR2) reported BRL 935.3 million in revenue in Q2 2026, an 89.00 percent increase from the prior-year period. The result gives the company a stronger operating base across real estate, shopping centers, hospitality, fashion retail and gastronomy.

Revenue growth reaches 89.00 percent

According to Eu Quero Investir on September 4, 2026, adjusted net income reached BRL 386.0 million in Q2 2026, 50.00 percent above XP Investments' projection. Adjusted EBITDA was BRL 503.0 million, while the real estate segment generated BRL 561.0 million in revenue.

The segment figures explain the earnings acceleration. Real estate revenue increased 238.00 percent year over year, and adjusted EBITDA for the business rose 222.00 percent to BRL 346.0 million. The company also had BRL 1.7 billion of revenue remaining to be recognized from the Boa Vista Estates transaction, according to the same September 4 report.

Citi sets a BRL 12.00 target

Eu Quero Investir reported on September 4, 2026, that Citi began covering JHSF with a Neutral rating and a BRL 12.00 price target. The bank described a shift toward recurring income, with shopping centers, hospitality, rental assets and airport operations accounting for 80.00 percent of recurring EBITDA.

The counterweight is valuation and execution. Citi highlighted the sustainability of dividends and the structure of a BRL 5.2 billion transaction with a real estate fund, which leaves a material portion of the economic risk with JHSF.

Market value reaches BRL 7.7 billion

JHSF had a market capitalization of BRL 7.7 billion as of September 29, 2026. The company describes itself as a high-end ecosystem in Latin America, with operations spanning real estate development, shopping centers, hospitality, fashion retail and gastronomy, according to JHSF.