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Bulgarian (SOFIX) REITS Industry Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies21
  • 7D1.4%
  • 3M3.2%
  • 1Y19.2%
  • YTD1.5%

In the last week, the REITS industry is up 1.4%, with Fairplay Properties REIT up 7.4%. Meanwhile, Elana Agricultural Land Fund REIT-Sofia actually underperformed within the industry, shrinking 12% in the last week. This means that the industry has gained 19% over the past year.

Industry Valuation and Performance

Has the Bulgarian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026лв515.3mлв53.4mлв33.1m26.5x15.6x9.6x
Wed, 17 Dec 2025лв1.0bлв102.6mлв62.8m19.1x16.6x10.2x
Fri, 14 Nov 2025лв1.0bлв105.0mлв63.9m20x16x9.7x
Sun, 12 Oct 2025лв1.0bлв105.9mлв63.1m15.1x16.1x9.6x
Tue, 09 Sep 2025лв1.1bлв98.2mлв55.7m15.5x19x10.8x
Thu, 07 Aug 2025лв1.0bлв99.0mлв58.6m20x17.9x10.6x
Sat, 05 Jul 2025лв1.0bлв64.3mлв54.1m24.2x19.2x16.1x
Mon, 02 Jun 2025лв988.3mлв56.0mлв45.9m20.6x21.5x17.7x
Wed, 30 Apr 2025лв882.8mлв63.3mлв47.1m24.8x18.7x13.9x
Fri, 28 Mar 2025лв921.3mлв63.8mлв44.9m43.8x20.5x14.4x
Sun, 23 Feb 2025лв933.7mлв61.4mлв42.7m53.5x21.9x15.2x
Tue, 21 Jan 2025лв921.1mлв57.5mлв43.1m17.5x21.4x16x
Thu, 19 Dec 2024лв933.5mлв57.5mлв43.1m17.2x21.7x16.2x
Sat, 16 Nov 2024лв898.8mлв56.3mлв52.1m17.2x17.2x16x
Mon, 14 Oct 2024лв894.9mлв55.7mлв52.9m17x16.9x16.1x
Wed, 11 Sep 2024лв829.9mлв59.8mлв56.0m16.3x14.8x13.9x
Fri, 09 Aug 2024лв896.5mлв59.7mлв49.3m18.5x18.2x15x
Sun, 07 Jul 2024лв862.1mлв57.3mлв49.9m17.7x17.3x15.1x
Tue, 04 Jun 2024лв844.8mлв47.0mлв49.5m16.9x17.1x18x
Thu, 02 May 2024лв835.1mлв60.4mлв48.8m16.5x17.1x13.8x
Sat, 30 Mar 2024лв842.5mлв58.4mлв47.0m22.1x17.9x14.4x
Mon, 26 Feb 2024лв787.6mлв59.1mлв47.8m19.6x16.5x13.3x
Wed, 24 Jan 2024лв893.3mлв68.0mлв52.3m13.6x17.1x13.1x
Fri, 22 Dec 2023лв859.6mлв68.0mлв51.7m12.6x16.6x12.6x
Sun, 19 Nov 2023лв873.3mлв69.0mлв49.5m12.6x17.7x12.7x
Tue, 17 Oct 2023лв868.7mлв59.4mлв47.4m14.4x18.3x14.6x
Thu, 14 Sep 2023лв912.8mлв62.8mлв51.8m15.5x17.6x14.5x
Sat, 12 Aug 2023лв901.8mлв60.5mлв51.9m15.5x17.4x14.9x
Mon, 10 Jul 2023лв909.2mлв75.1mлв54.9m18.4x16.6x12.1x
Wed, 07 Jun 2023лв906.0mлв74.0mлв53.6m18.6x16.9x12.2x
Fri, 05 May 2023лв904.0mлв74.4mлв52.7m19.5x17.1x12.1x
Sun, 02 Apr 2023лв889.9mлв71.2mлв47.4m22x18.8x12.5x
Tue, 28 Feb 2023лв1.3bлв104.9mлв59.2m20.3x22.4x12.7x
Thu, 26 Jan 2023лв1.3bлв84.1mлв39.6m21.2x33.4x15.8x
Price to Earnings Ratio

33.4x


Total Market Cap: лв1.3bTotal Earnings: лв39.6mTotal Revenue: лв84.1mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian REITS Industry Price to Earnings3Y Average 18.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Bulgarian REITs 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 15.6x which is lower than its 3-year average PE of 18.4x.
  • The 3-year average PS ratio of 13.7x is higher than the industry's current PS ratio of 9.6x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 13% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

BG Market3.70%
Real Estate0.51%
REITS1.37%
Diversified REITs1.37%
Residential REITs0.22%
Office REITs0%0
Specialized REITs-1.39%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 76.7x.
    • 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
FPP Fairplay Properties REIT€0.657.4%
+€3.5m		44.6%PB0.8x
SFB Sopharma Buildings REIT-Sofia€9.807.7%
+€2.7m		47.4%n/a
SFI Sopharma Properties REIT€4.900.4%
+€439.0k		17.6%PB2.1x
BPF Bravo Property Fund REIT€0.541.9%
+€367.0k		-0.4%PB0.9x
SBPF Super Borovets Property Fund REIT€1.680.8%
+€325.1k		4.1%PB1.6x

Latest News

SBPF
€1.68
Super Borovets Property Fund REIT
7D
0.8%
1Y
4.1%
ICPD
€0.30
Intercapital Property Development ADSIC
7D
-2.2%
1Y
-14.4%
BPI
€6.20
Bolkan Property Instruments REIT
7D
1.2%
1Y
n/a
PARK
€0.35
Park REIT
7D
-4.9%
1Y
-8.7%
FPP
€0.65
Fairplay Properties REIT
7D
7.4%
1Y
44.6%

Should You Be Adding Fairplay Properties REIT (BUL:FPP) To Your Watchlist Today?

Jan 13
Should You Be Adding Fairplay Properties REIT (BUL:FPP) To Your Watchlist Today?
SFI
€4.90
Sopharma Properties REIT
7D
0.4%
1Y
17.6%
BPF
€0.54
Bravo Property Fund REIT
7D
1.9%
1Y
-0.4%
BREF
€2.70
Bulgarian Real Estate Fund REIT
7D
-0.7%
1Y
36.8%
SLSP
€4.10
SLS Realty REIT
7D
2.9%
1Y
11.4%
SFB
€9.80
Sopharma Buildings REIT-Sofia
7D
7.7%
1Y
47.4%
XBT
€0.49
Expat Beta Reit - Sofia
7D
0.1%
1Y
-0.001%
EALF
€0.56
Elana Agricultural Land Fund REIT-Sofia
7D
-11.7%
1Y
n/a