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Bulgarian (SOFIX) Real Estate Sector Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies34
  • 7D2.2%
  • 3M2.3%
  • 1Y7.1%
  • YTD2.5%

The Real Estate industry is up 2.3% in the last week, with Puldin Properties Invest REIT up 95%. During this same period, the Fairplay Properties REIT underperformed, falling 7.1%. This means that the industry has gained 7.4% over the past year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026лв1.3bлв147.0mлв48.7m24.5x25.7x8.5x
Wed, 07 Jan 2026лв1.4bлв116.1mлв31.1m60.4x45.2x12.1x
Fri, 05 Dec 2025лв2.3bлв207.0mлв61.6m30.4x37.9x11.3x
Sun, 02 Nov 2025лв2.3bлв212.1mлв72.0m28.1x32.1x10.9x
Tue, 30 Sep 2025лв2.4bлв212.9mлв71.3m30.2x33.2x11.1x
Thu, 28 Aug 2025лв2.3bлв206.9mлв67.3m27x34.8x11.3x
Sat, 26 Jul 2025лв2.4bлв166.6mлв65.5m31.1x35.9x14.1x
Mon, 23 Jun 2025лв2.2bлв159.4mлв64.9m30.8x34.7x14.1x
Wed, 21 May 2025лв2.2bлв159.4mлв57.1m30.5x38.2x13.7x
Fri, 18 Apr 2025лв2.1bлв152.9mлв58.1m92.4x36.9x14x
Sun, 16 Mar 2025лв2.1bлв147.1mлв60.7m53.2x35.1x14.5x
Tue, 11 Feb 2025лв2.2bлв151.1mлв68.1m53.2x31.7x14.3x
Thu, 09 Jan 2025лв2.2bлв141.2mлв69.3m28.4x31.1x15.3x
Sat, 07 Dec 2024лв2.1bлв141.7mлв69.8m25.1x30.2x14.9x
Mon, 04 Nov 2024лв2.1bлв141.1mлв81.0m20.9x26.1x15x
Wed, 02 Oct 2024лв2.0bлв137.1mлв83.0m19x24.2x14.7x
Fri, 30 Aug 2024лв2.5bлв141.1mлв76.8m20.4x32.7x17.8x
Sun, 28 Jul 2024лв2.5bлв138.6mлв73.9m20.2x34x18.1x
Tue, 25 Jun 2024лв2.0bлв131.0mлв71.5m19.5x28x15.3x
Thu, 23 May 2024лв2.0bлв128.9mлв70.7m20.6x29x15.9x
Sat, 20 Apr 2024лв2.0bлв164.1mлв65.1m25.6x31.4x12.4x
Mon, 18 Mar 2024лв2.5bлв206.6mлв70.6m35.9x35.2x12x
Wed, 14 Feb 2024лв2.4bлв207.3mлв55.1m30.4x43.9x11.7x
Fri, 12 Jan 2024лв2.5bлв238.4mлв162.4m18.6x15.5x10.6x
Sun, 10 Dec 2023лв2.5bлв226.0mлв160.6m28x15.4x11x
Tue, 07 Nov 2023лв2.5bлв216.3mлв163.1m27.8x15.2x11.5x
Thu, 05 Oct 2023лв2.5bлв215.2mлв155.3m26.7x16.1x11.6x
Sat, 02 Sep 2023лв2.5bлв217.1mлв160.6m19.7x15.9x11.7x
Mon, 31 Jul 2023лв2.5bлв228.0mлв162.8m25.7x15.4x11x
Wed, 28 Jun 2023лв2.5bлв243.3mлв145.3m19.8x17.3x10.3x
Fri, 26 May 2023лв2.5bлв177.7mлв147.2m19.2x17x14.1x
Sun, 23 Apr 2023лв2.5bлв155.2mлв152.5m24.8x16.7x16.4x
Tue, 21 Mar 2023лв2.0bлв118.0mлв57.5m20.4x35.3x17.2x
Thu, 16 Feb 2023лв2.5bлв145.0mлв71.7m20.4x34.6x17.1x
Price to Earnings Ratio

34.6x


Total Market Cap: лв2.5bTotal Earnings: лв71.7mTotal Revenue: лв145.0mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Real Estate Sector Price to Earnings3Y Average 29.1x202420252026
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 25.7x which is lower than its 3-year average PE of 29.1x.
  • The 3-year average PS ratio of 13.4x is higher than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 12% 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 Market0.11%
Real Estate2.24%
REITS4.94%
Real Estate0.92%
Residential REITs0%0
Office REITs0%0
Specialized REITs-2.08%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry even though it's trading below its 3-year average PE ratio of 82.0x.
    • 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
PLG Puldin Properties Invest REIT€1.5094.9%
+€14.1m		n/an/a
SFI Sopharma Properties REIT€4.967.4%
+€7.5m		22.5%PB2.1x
EXPR Exclusive Property REIT-Sofia€1.1996.6%
+€5.5m		n/aPB1.2x
PCH Phoenix Capital Holding AD€900.0094.9%
+€5.3m		6.4%n/a
SFB Sopharma Buildings REIT-Sofia€10.404.0%
+€1.6m		28.7%n/a

Latest News

SBPF
€1.72
Super Borovets Property Fund REIT
7D
2.4%
1Y
n/a
SFI
€4.96
Sopharma Properties REIT
7D
7.4%
1Y
22.5%
FFI
€0.90
Forucom REIT-Haskovo
7D
99.4%
1Y
10.5%
BREF
€2.74
Bulgarian Real Estate Fund REIT
7D
1.5%
1Y
27.0%
PCH
€900.00
Phoenix Capital Holding AD
7D
94.9%
1Y
6.4%
GTH
€1.39
Galata Investment Company AD
7D
-0.7%
1Y
8.3%
FPP
€0.65
Fairplay Properties REIT
7D
-7.1%
1Y
29.1%
ATER
€1.41
Advance Terrafund REIT
7D
-2.1%
1Y
-14.9%
BPF
€0.51
Bravo Property Fund REIT
7D
-10.6%
1Y
-7.1%
PLG
€1.50
Puldin Properties Invest REIT
7D
94.9%
1Y
n/a
SFB
€10.40
Sopharma Buildings REIT-Sofia
7D
4.0%
1Y
28.7%
EXPR
€1.19
Exclusive Property REIT-Sofia
7D
96.6%
1Y
n/a