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Bulgarian (SOFIX) Real Estate Sector Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies34
  • 7D0.2%
  • 3M2.2%
  • 1Y6.6%
  • YTD9.8%

Over the last 7 days, the Real Estate industry has remained flat, although notably Sopharma Properties REIT declined by 3.7%. As for the the longer term, the industry is up 6.6% over the past 12 months.

Sector Valuation and Performance

Has the Bulgarian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025лв2.4bлв226.2mлв60.6m31x40.3x10.8x
Fri, 21 Nov 2025лв2.3bлв215.9mлв71.7m28.1x32.5x10.8x
Sun, 19 Oct 2025лв2.4bлв213.0mлв70.7m28.1x33.5x11.1x
Tue, 16 Sep 2025лв2.3bлв205.2mлв63.8m27.2x36.7x11.4x
Thu, 14 Aug 2025лв2.4bлв206.9mлв67.2m27x35x11.4x
Sat, 12 Jul 2025лв2.3bлв159.4mлв64.9m30.8x36x14.6x
Mon, 09 Jun 2025лв2.2bлв158.8mлв59.1m30.5x37.1x13.8x
Wed, 07 May 2025лв2.1bлв152.1mлв59.8m43.2x35.1x13.8x
Fri, 04 Apr 2025лв2.2bлв159.0mлв58.0m48.2x37.2x13.6x
Sun, 02 Mar 2025лв2.1bлв145.1mлв68.1m53.5x31.4x14.7x
Tue, 28 Jan 2025лв2.1bлв141.2mлв68.4m23.8x31.1x15.1x
Thu, 26 Dec 2024лв2.2bлв141.2mлв69.3m28.4x31.1x15.3x
Sat, 23 Nov 2024лв2.1bлв141.3mлв81.0m20.8x26x14.9x
Mon, 21 Oct 2024лв2.1bлв137.1mлв80.5m20.5x26.1x15.3x
Wed, 18 Sep 2024лв2.5bлв142.2mлв85.3m18.9x29.2x17.5x
Fri, 16 Aug 2024лв2.6bлв141.2mлв75.3m19.5x33.9x18.1x
Sun, 14 Jul 2024лв2.5bлв138.6mлв73.9m20.3x33.9x18.1x
Tue, 11 Jun 2024лв2.0bлв128.3mлв73.4m19.8x27.7x15.8x
Thu, 09 May 2024лв2.0bлв134.8mлв70.7m20.6x28.8x15.1x
Sat, 06 Apr 2024лв2.0bлв167.4mлв57.4m34x35.3x12.1x
Mon, 04 Mar 2024лв2.4bлв207.3mлв55.2m30.7x43.9x11.7x
Wed, 31 Jan 2024лв2.5bлв215.9mлв63.0m22.1x40.3x11.8x
Fri, 29 Dec 2023лв2.5bлв236.6mлв162.0m19.4x15.3x10.5x
Sun, 26 Nov 2023лв2.5bлв225.3mлв159.3m28.3x15.6x11.1x
Tue, 24 Oct 2023лв2.5bлв215.6mлв154.8m34.2x16x11.5x
Thu, 21 Sep 2023лв2.5bлв215.2mлв159.1m26.4x15.9x11.8x
Sat, 19 Aug 2023лв2.5bлв215.6mлв160.7m19.7x15.7x11.7x
Mon, 17 Jul 2023лв2.5bлв229.8mлв161.7m22.7x15.5x10.9x
Wed, 14 Jun 2023лв2.5bлв194.3mлв147.6m19.3x17x12.9x
Fri, 12 May 2023лв2.5bлв177.1mлв149.2m27x17x14.4x
Sun, 09 Apr 2023лв2.5bлв149.0mлв59.0m25.2x42.9x17x
Tue, 07 Mar 2023лв2.5bлв144.8mлв68.9m20.4x36.2x17.2x
Thu, 02 Feb 2023лв2.5bлв145.2mлв55.6m21.3x44.9x17.2x
Sat, 31 Dec 2022лв2.4bлв99.4mлв36.1m24.9x67.6x24.6x
Price to Earnings Ratio

67.6x


Total Market Cap: лв2.4bTotal Earnings: лв36.1mTotal Revenue: лв99.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Real Estate Sector Price to Earnings3Y Average 30.1x202320242025
Current Industry PE
  • Investors are optimistic on the Bulgarian Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.3x which is higher than its 3-year average PE of 30.1x.
  • The 3-year average PS ratio of 14.0x is higher than the industry's current PS ratio of 10.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 32% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Bulgarian Real Estate sector?

BG Market1.28%
Real Estate0.18%
REITS0.33%
Real Estate0.081%
Specialized REITs0%0
Residential REITs0%0
Office REITs0%0
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 114x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BREF Bulgarian Real Estate Fund REITлв5.352.9%
+лв5.2m
39.3%PB1.2x
BPF Bravo Property Fund REITлв1.035.1%
+лв1.8m
-3.7%PB0.9x
ALT Alteron REITлв30.002.7%
+лв1.2m
n/aPB1.1x
NLC Neo London Capitalлв270.003.1%
+лв799.6k
15.4%PE165.6x
BPI Bolkan Property Instruments REITлв12.004.3%
+лв508.0k
n/aPB1.1x

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