Two 1 ha plots of a Southern Brazilian subtropical riverine forest, subject to different frequency and duration of floods, were compared to detect the differences in physiognomic structure, tree community composition, richness and diversity. Each plot was made up of 100 contiguous 10×10 m subplots, where 3451 trees with pbh ≥15 cm were measured and identified. The survey observed 30 tree species, in the frequently flooded plot and 48 in the occasionally flooded plot. A detailed topographical and soil survey was carried out in both plots and indicated that the levels of organic matter and most mineral nutrients were higher in the frequently flooded stand. The forest understory was denser in the occasionally flooded stand which also showed taller emergent trees. Multivariate ordination and grouping techniques showed that the species' abundance distribution was strongly related to the topographical variation. There was a clear pattern of species turnover according to topographic position, indicating that tree species developed different abilities to survive flooding events. As a result, the two plots also differed in their tree frequency per species regeneration, vertical distribution and dispersion groups. Both species richness and diversity decreased with increasing flood frequency, also showing a patchy distribution within both stands. At a local scale, flooding regime is regulating the spatial variation of α-diversity by forming different seral stages of predictable species composition. Compared to regularly flooded riverine and floodplain forests, riverine forests, with unpredictable flooding regimes, may show higher diversity at a local scale and more abundant opportunistic species of high environmental plasticity. © 2008 Elsevier GmbH. All rights reserved.