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Solar FII AZSG11 Revaluation Boosts Net Worth by R$63.7 Million, Eliminating Accounting Mismatch
Solar FII AZSG11 Revaluation Boosts Net Worth by R$63.7 Million, Eliminating Accounting Mismatch

The AZ Solargrid Renda Solar FII (AZSG11) successfully concluded its first fair value revaluation of assets, adding R$63.694 million to the fund's net worth and immediately reversing a temporary accounting deficit that had concerned investors. The revaluation, which was finalized on July 22 based on an independent appraisal of its underlying real estate assets, corrected a significant discrepancy where the fund's assets were carried at their historical acquisition cost while its liabilities were marked to market, resulting in a temporary negative net worth of approximately R$5.8 million earlier in the month.
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