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Bulgarian (SOFIX) Real Estate Sector Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies34
  • 7D-0.4%
  • 3M0.4%
  • 1Y7.4%
  • YTD2.0%

The Real Estate is pretty flat in the last 7 days, but Sopharma Buildings REIT-Sofia has stood out, gaining 4.0%. The past year has been better, since the industry has gained 7.7% in that time.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026лв1.2bлв147.5mлв48.8m24.9x25.5x8.4x
Mon, 19 Jan 2026лв1.2bлв119.3mлв33.2m29.1x36.8x10.2x
Wed, 17 Dec 2025лв2.4bлв226.2mлв60.6m31x40.2x10.8x
Fri, 14 Nov 2025лв2.3bлв216.0mлв71.8m28.1x32.3x10.7x
Sun, 12 Oct 2025лв2.3bлв212.9mлв71.2m28.1x32.6x10.9x
Tue, 09 Sep 2025лв2.4bлв205.0mлв63.5m27.2x37.1x11.5x
Thu, 07 Aug 2025лв2.3bлв207.8mлв67.9m25.8x34.5x11.3x
Sat, 05 Jul 2025лв2.3bлв159.4mлв64.9m30.8x35.6x14.5x
Mon, 02 Jun 2025лв2.2bлв151.5mлв56.7m29.9x38.5x14.4x
Wed, 30 Apr 2025лв2.1bлв151.8mлв59.1m43.2x35.3x13.7x
Fri, 28 Mar 2025лв2.1bлв152.8mлв63.9m40.2x33.4x14x
Sun, 23 Feb 2025лв2.1bлв145.1mлв68.1m53.5x31.5x14.8x
Tue, 21 Jan 2025лв2.1bлв141.2mлв69.3m28.6x30.8x15.1x
Thu, 19 Dec 2024лв2.1bлв141.2mлв69.3m28.4x30.9x15.2x
Sat, 16 Nov 2024лв2.1bлв140.0mлв81.0m20.8x26x15x
Mon, 14 Oct 2024лв2.1bлв137.1mлв80.5m20.1x26x15.2x
Wed, 11 Sep 2024лв2.5bлв142.2mлв85.4m18.8x29.1x17.5x
Fri, 09 Aug 2024лв2.5bлв141.2mлв75.3m19.5x33.9x18.1x
Sun, 07 Jul 2024лв2.5bлв138.6mлв73.9m20.1x34x18.1x
Tue, 04 Jun 2024лв2.0bлв129.0mлв70.7m20x28.7x15.8x
Thu, 02 May 2024лв2.0bлв164.6mлв66.4m25.8x30.7x12.4x
Sat, 30 Mar 2024лв2.0bлв204.5mлв53.8m35.9x37.9x10x
Mon, 26 Feb 2024лв2.4bлв207.3mлв55.1m30.7x44.1x11.7x
Wed, 24 Jan 2024лв2.5bлв238.4mлв162.4m18.6x15.7x10.7x
Fri, 22 Dec 2023лв2.5bлв238.1mлв162.6m19.4x15.3x10.4x
Sun, 19 Nov 2023лв2.5bлв225.4mлв159.3m28.1x15.6x11.1x
Tue, 17 Oct 2023лв2.5bлв215.6mлв154.8m34.2x16x11.5x
Thu, 14 Sep 2023лв2.5bлв217.6mлв162.0m26.6x15.7x11.7x
Sat, 12 Aug 2023лв2.5bлв215.5mлв160.7m19.7x15.6x11.7x
Mon, 10 Jul 2023лв2.5bлв230.8mлв161.0m20.3x15.7x10.9x
Wed, 07 Jun 2023лв2.5bлв192.9mлв147.5m19.2x17x13x
Fri, 05 May 2023лв2.5bлв178.1mлв149.5m27x17x14.2x
Sun, 02 Apr 2023лв2.5bлв141.9mлв55.3m24.7x45.5x17.7x
Tue, 28 Feb 2023лв2.5bлв144.8mлв68.9m20.4x36x17.1x
Price to Earnings Ratio

36x


Total Market Cap: лв2.5bTotal Earnings: лв68.9mTotal Revenue: лв144.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Real Estate Sector Price to Earnings3Y Average 29x202420252026
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 25.6x which is lower than its 3-year average PE of 29.0x.
  • The 3-year average PS ratio of 13.4x is higher than the industry's current PS ratio of 8.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 11% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

BG Market-1.14%
Real Estate-0.45%
Real Estate0%0
Specialized REITs0%0
Residential REITs0%0
Office REITs0%0
REITS-1.03%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry even though it's trading below its 3-year average PE ratio of 81.5x.
    • 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
XBT Expat Beta Reit - Sofia€0.539.1%
+€226.3k		9.1%PB1.1x
ERG ERG Capital-3 REIT-Sofia€3.201.3%
+€84.0k		4.3%PB1.6x

Latest News

ERG
€3.20
ERG Capital-3 REIT-Sofia
7D
1.3%
1Y
4.3%
SFI
€4.74
Sopharma Properties REIT
7D
-2.9%
1Y
23.6%
BREF
€2.66
Bulgarian Real Estate Fund REIT
7D
-2.2%
1Y
24.5%
BPF
€0.53
Bravo Property Fund REIT
7D
-3.6%
1Y
1.6%
XBT
€0.53
Expat Beta Reit - Sofia
7D
9.1%
1Y
9.1%