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Bulgarian (SOFIX) Real Estate Sector Analysis

UpdatedAug 22, 2026
DataAggregated Company Financials
Companies33
  • 7D0.3%
  • 3M0.03%
  • 1Y-0.5%
  • YTD2.0%

The Real Estate is pretty flat in the last 7 days, but Fairplay Properties REIT has stood out, gaining 16%. In line with that, the industry has also been flat 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
Sat, 22 Aug 2026лв1.2bлв143.7mлв54.2m47x21.7x8.2x
Mon, 20 Jul 2026лв1.2bлв143.6mлв52.4m40.8x22.9x8.3x
Wed, 17 Jun 2026лв1.4bлв130.7mлв40.7m50x35.2x11x
Fri, 15 May 2026лв1.4bлв125.9mлв41.9m46.1x33.7x11.2x
Sun, 12 Apr 2026лв1.4bлв125.3mлв38.1m60x37.8x11.5x
Tue, 10 Mar 2026лв1.2bлв149.3mлв50.6m25.6x24.5x8.3x
Thu, 05 Feb 2026лв1.3bлв154.2mлв47.5m31.5x26.4x8.1x
Sat, 03 Jan 2026лв1.5bлв116.8mлв31.2m32.6x48.5x12.9x
Mon, 01 Dec 2025лв2.3bлв207.0mлв69.7m28.1x33.2x11.2x
Wed, 29 Oct 2025лв2.3bлв211.5mлв71.4m28.1x32.6x11x
Fri, 26 Sep 2025лв2.4bлв212.9mлв71.3m29.8x33.1x11.1x
Sun, 24 Aug 2025лв2.3bлв206.9mлв67.3m27x34.8x11.3x
Tue, 22 Jul 2025лв2.3bлв159.4mлв64.9m31.1x36.2x14.7x
Thu, 19 Jun 2025лв2.3bлв159.0mлв59.6m30.8x37.8x14.2x
Sat, 17 May 2025лв2.2bлв162.6mлв57.1m30.5x38.1x13.4x
Mon, 14 Apr 2025лв2.1bлв152.9mлв58.1m92.2x36.7x13.9x
Wed, 12 Mar 2025лв2.1bлв145.4mлв68.1m53.2x31.3x14.6x
Fri, 07 Feb 2025лв2.2bлв144.8mлв65.8m53.2x32.8x14.9x
Sun, 05 Jan 2025лв2.2bлв141.2mлв69.3m28.4x31.1x15.3x
Tue, 03 Dec 2024лв2.1bлв142.7mлв69.8m25.1x30.1x14.7x
Thu, 31 Oct 2024лв2.1bлв139.5mлв81.8m20.5x25.7x15.1x
Sat, 28 Sep 2024лв2.0bлв138.8mлв84.8m18.5x23.8x14.5x
Mon, 26 Aug 2024лв2.5bлв141.1mлв76.8m19.6x32.7x17.8x
Wed, 24 Jul 2024лв2.5bлв140.3mлв74.6m21x33.7x17.9x
Fri, 21 Jun 2024лв2.0bлв128.2mлв72.3m20.2x28x15.8x
Sun, 19 May 2024лв2.1bлв128.9mлв70.7m20.6x29.1x16x
Tue, 16 Apr 2024лв2.0bлв165.4mлв58.1m28.4x35.1x12.3x
Thu, 14 Mar 2024лв2.5bлв209.7mлв70.6m35.9x34.9x11.7x
Sat, 10 Feb 2024лв2.4bлв207.3mлв55.1m30.4x44.1x11.7x
Mon, 08 Jan 2024лв2.5bлв238.4mлв162.4m18.7x15.5x10.6x
Wed, 06 Dec 2023лв2.5bлв226.0mлв160.6m28x15.4x10.9x
Fri, 03 Nov 2023лв2.5bлв215.8mлв155.0m34.2x16x11.5x
Sun, 01 Oct 2023лв2.5bлв215.6mлв155.3m26.7x16x11.5x
Tue, 29 Aug 2023лв2.5bлв217.2mлв161.3m19.8x15.8x11.7x
Price to Earnings Ratio

15.8x


Total Market Cap: лв2.5bTotal Earnings: лв161.3mTotal Revenue: лв217.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Real Estate Sector Price to Earnings3Y Average 30.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Bulgarian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 21.7x which is lower than its 3-year average PE of 30.1x.
  • The 3-year average PS ratio of 12.6x is higher than the industry's current PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 30% per year over the last three years,
  • Revenues have also declined 13% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

BG Market0.83%
Real Estate0.25%
Specialized REITs1.14%
REITS0.32%
Real Estate0%0
Residential REITs0%0
Office REITs0%0
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 97.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the REITS industry, which is trading close to its 3-year average of 17.6x.
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
FPP Fairplay Properties REIT€0.5915.7%
+€6.3m		n/aPB0.7x
ATER Advance Terrafund REIT€1.331.1%
+€1.3m		-11.4%PB0.7x

Latest News

SFI
€4.10
Sopharma Properties REIT
7D
-2.4%
1Y
-4.9%
BREF
€2.69
Bulgarian Real Estate Fund REIT
7D
-2.5%
1Y
2.0%
ATER
€1.33
Advance Terrafund REIT
7D
1.1%
1Y
-11.4%
FPP
€0.59
Fairplay Properties REIT
7D
15.7%
1Y
n/a
Analysis Article • Apr 29

If EPS Growth Is Important To You, Fairplay Properties REIT (BUL:FPP) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...