Analysis Article • Apr 29

Last week, the REITS industry hasn't moved much but Bulgarian Real Estate Fund REIT is up 3.9% in that time. As for the longer term, the industry has declined 3.4% in the last year.
Has the Bulgarian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 02 Aug 2026 | лв511.5m | лв89.6m | лв36.8m | 50.7x | 13.9x | 5.7x |
| Tue, 30 Jun 2026 | лв513.9m | лв70.8m | лв35.1m | 50.7x | 14.6x | 7.3x |
| Thu, 28 May 2026 | лв521.1m | лв70.1m | лв34.8m | 59x | 15x | 7.4x |
| Sat, 25 Apr 2026 | лв505.5m | лв66.7m | лв34.2m | 58.4x | 14.8x | 7.6x |
| Mon, 23 Mar 2026 | лв532.3m | лв67.0m | лв30.6m | 46.1x | 17.4x | 7.9x |
| Wed, 18 Feb 2026 | лв535.8m | лв65.3m | лв30.8m | 26.8x | 17.4x | 8.2x |
| Fri, 16 Jan 2026 | лв510.7m | лв53.5m | лв33.1m | 26.6x | 15.4x | 9.5x |
| Sun, 14 Dec 2025 | лв1.0b | лв102.6m | лв62.8m | 19.1x | 16.6x | 10.2x |
| Tue, 11 Nov 2025 | лв1.0b | лв105.1m | лв63.9m | 20x | 16x | 9.7x |
| Thu, 09 Oct 2025 | лв1.0b | лв105.9m | лв63.2m | 18.1x | 16.5x | 9.8x |
| Sat, 06 Sep 2025 | лв1.1b | лв98.4m | лв55.7m | 15.5x | 19x | 10.8x |
| Mon, 04 Aug 2025 | лв1.1b | лв106.7m | лв66.0m | 24.2x | 15.9x | 9.9x |
| Wed, 02 Jul 2025 | лв1.0b | лв64.3m | лв54.1m | 24.2x | 19x | 16x |
| Fri, 30 May 2025 | лв982.2m | лв63.7m | лв48.3m | 25.2x | 20.4x | 15.4x |
| Sun, 27 Apr 2025 | лв870.0m | лв63.3m | лв47.1m | 24.8x | 18.5x | 13.7x |
| Tue, 25 Mar 2025 | лв924.0m | лв63.8m | лв44.9m | 43.8x | 20.6x | 14.5x |
| Thu, 20 Feb 2025 | лв928.0m | лв61.4m | лв42.7m | 53.2x | 21.7x | 15.1x |
| Sat, 18 Jan 2025 | лв932.1m | лв57.5m | лв43.1m | 17.5x | 21.6x | 16.2x |
| Mon, 16 Dec 2024 | лв909.6m | лв56.6m | лв43.2m | 17.3x | 21.1x | 16.1x |
| Wed, 13 Nov 2024 | лв901.5m | лв56.3m | лв52.1m | 17.2x | 17.3x | 16x |
| Fri, 11 Oct 2024 | лв841.1m | лв55.6m | лв53.4m | 17x | 15.7x | 15.1x |
| Sun, 08 Sep 2024 | лв832.1m | лв59.8m | лв56.0m | 16.3x | 14.9x | 13.9x |
| Tue, 06 Aug 2024 | лв892.6m | лв60.2m | лв48.4m | 18.2x | 18.4x | 14.8x |
| Thu, 04 Jul 2024 | лв865.3m | лв57.3m | лв49.9m | 17.7x | 17.4x | 15.1x |
| Sat, 01 Jun 2024 | лв845.9m | лв47.0m | лв49.5m | 16.9x | 17.1x | 18x |
| Mon, 29 Apr 2024 | лв831.1m | лв60.1m | лв48.6m | 16.5x | 17.1x | 13.8x |
| Wed, 27 Mar 2024 | лв843.7m | лв59.5m | лв47.7m | 19.3x | 17.7x | 14.2x |
| Fri, 23 Feb 2024 | лв786.1m | лв59.1m | лв47.8m | 19.6x | 16.4x | 13.3x |
| Sun, 21 Jan 2024 | лв893.2m | лв68.0m | лв52.3m | 13.7x | 17.1x | 13.1x |
| Tue, 19 Dec 2023 | лв859.6m | лв68.0m | лв51.7m | 12.6x | 16.6x | 12.6x |
| Thu, 16 Nov 2023 | лв819.3m | лв69.0m | лв49.5m | 12.6x | 16.6x | 11.9x |
| Sat, 14 Oct 2023 | лв866.5m | лв59.4m | лв47.4m | 14.4x | 18.3x | 14.6x |
| Mon, 11 Sep 2023 | лв922.4m | лв62.8m | лв51.8m | 15.5x | 17.8x | 14.7x |
| Wed, 09 Aug 2023 | лв901.6m | лв60.6m | лв51.9m | 15.5x | 17.4x | 14.9x |
17.4x
Which industries have driven the changes within the Bulgarian Real Estate industry?
| BG Market | 0.077% | |
| Real Estate | 0.17% | |
| REITS | 0.29% | |
| Diversified REITs | 0.29% | |
| Office REITs | 0% | 0 |
| Residential REITs | 0% | 0 |
| Specialized REITs | -0.75% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BREF Bulgarian Real Estate Fund REIT | €2.69 | 3.9% +€3.5m | 3.2% | PB1.2x | |
| EALF Elana Agricultural Land Fund REIT-Sofia | €0.55 | 159.5% +€3.0m | n/a | n/a | |
| EXPR Exclusive Property REIT-Sofia | €1.25 | 2.5% +€283.6k | 8.4% | PB1.2x | |
| ICPD Intercapital Property Development ADSIC | €0.31 | 3.3% +€277.7k | n/a | PB1x |