JHSF stock reports 88.00 percent Q2 revenue growth

JHSF Participações (ISIN BRJHSFACNOR2) generated BRL 935 million in net revenue in the second quarter of 2026, an 88.00 percent increase from the same period a year earlier. Net income reached BRL 444 million, up 81.00 percent year over year, according to Forbes on August 30, 2026.

Recurring income keeps expanding

JHSF's recurring-income businesses generated BRL 439.6 million in gross revenue during Q2 2026, a 30.30 percent annual increase. The segment includes shopping centers, hotels, restaurants, an executive airport, residential leasing, clubs and JHSF Capital.

Real estate development produced BRL 558.5 million in gross revenue, up 224.80 percent year over year. The increase was linked to the accounting recognition of the first tranche of inventory sold to the Boa Vista Estates fund in a BRL 5.2 billion transaction announced in December 2025.

Analysts weigh growth against valuation

According to UOL on September 27, 2026, Citi began coverage of JHSF in early September with a neutral rating and a BRL 12.00 price target. The report also said recurring income could represent 71.00 percent of revenue by 2030, compared with about 50.00 percent currently.

The same report put JHSF's land bank at BRL 28 billion in potential gross sales value. That pipeline gives the company room to expand, while the shift toward recurring income could reduce dependence on individual real estate launches.

Market value and B3 quote

The latest primary-market quote was BRL 11.36 on B3 on September 28, 2026, at 9:31 p.m. BRT, down 3.07 percent from BRL 11.72. The 52-week range was BRL 5.86 to BRL 14.50, and market capitalization stood at BRL 7.6 billion as of September 28, 2026.

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