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Bulgarian (SOFIX) REITS Industry Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies21
  • 7D0.6%
  • 3M0.7%
  • 1Y8.2%
  • YTD1.0%

The REITS is pretty flat in the last 7 days, but Fairplay Properties REIT has stood out, gaining 7.7%. As for the the longer term, the industry is up 8.2% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026лв514.4mлв52.3mлв32.4m27.6x15.9x9.8x
Tue, 30 Dec 2025лв1.0bлв102.6mлв62.8m20x16.7x10.2x
Thu, 27 Nov 2025лв1.0bлв102.6mлв62.8m19.8x16.4x10x
Sat, 25 Oct 2025лв1.1bлв105.9mлв62.6m15.1x17x10x
Mon, 22 Sep 2025лв1.0bлв105.9mлв63.2m18.4x16.6x9.9x
Wed, 20 Aug 2025лв1.0bлв98.0mлв57.9m20.2x18.1x10.7x
Fri, 18 Jul 2025лв1.0bлв64.3mлв54.1m24.1x19.3x16.3x
Sun, 15 Jun 2025лв997.3mлв63.9mлв48.9m24.2x20.4x15.6x
Tue, 13 May 2025лв906.0mлв65.7mлв49.4m29.9x18.3x13.8x
Thu, 10 Apr 2025лв883.3mлв62.3mлв44.7m30.9x19.8x14.2x
Sat, 08 Mar 2025лв921.2mлв61.7mлв42.7m53.2x21.6x14.9x
Mon, 03 Feb 2025лв934.4mлв60.0mлв40.9m35.4x22.8x15.6x
Wed, 01 Jan 2025лв936.1mлв57.5mлв43.1m18.1x21.7x16.3x
Fri, 29 Nov 2024лв898.8mлв56.3mлв52.1m17.2x17.2x16x
Sun, 27 Oct 2024лв910.2mлв55.7mлв52.9m16.8x17.2x16.3x
Tue, 24 Sep 2024лв813.1mлв57.4mлв55.3m14.6x14.7x14.2x
Thu, 22 Aug 2024лв860.6mлв59.7mлв50.9m18.2x16.9x14.4x
Sat, 20 Jul 2024лв863.3mлв57.3mлв49.8m17.3x17.3x15.1x
Mon, 17 Jun 2024лв829.1mлв46.9mлв47.3m18.5x17.5x17.7x
Wed, 15 May 2024лв855.7mлв47.0mлв49.5m17.3x17.3x18.2x
Fri, 12 Apr 2024лв832.2mлв60.3mлв47.5m17.1x17.5x13.8x
Sun, 10 Mar 2024лв811.6mлв59.5mлв47.7m18.6x17x13.6x
Tue, 06 Feb 2024лв731.5mлв59.1mлв47.2m19.4x15.5x12.4x
Thu, 04 Jan 2024лв862.5mлв68.0mлв52.3m12.6x16.5x12.7x
Sat, 02 Dec 2023лв864.5mлв68.9mлв49.5m12.6x17.5x12.5x
Mon, 30 Oct 2023лв871.0mлв59.4mлв47.4m14.4x18.4x14.7x
Wed, 27 Sep 2023лв909.7mлв59.4mлв48.4m15.5x18.8x15.3x
Fri, 25 Aug 2023лв923.3mлв60.6mлв51.9m15.5x17.8x15.2x
Sun, 23 Jul 2023лв898.1mлв74.0mлв54.1m19.2x16.6x12.1x
Tue, 20 Jun 2023лв907.8mлв76.1mлв54.5m18.1x16.7x11.9x
Thu, 18 May 2023лв904.1mлв74.0mлв53.4m18.6x16.9x12.2x
Sat, 15 Apr 2023лв913.2mлв75.1mлв49.8m24.8x18.3x12.2x
Mon, 13 Mar 2023лв1.3bлв109.3mлв59.3m20x22.5x12.2x
Wed, 08 Feb 2023лв1.3bлв107.4mлв59.7m20x22.3x12.4x
Price to Earnings Ratio

22.3x


Total Market Cap: лв1.3bTotal Earnings: лв59.7mTotal Revenue: лв107.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian REITS Industry Price to Earnings3Y Average 18.1x202420252026
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 15.9x which is lower than its 3-year average PE of 18.1x.
  • The 3-year average PS ratio of 13.6x is higher than the industry's current PS ratio of 9.8x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 18% per year over the last three years,
  • Revenues have also declined 21% 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 industry?

BG Market1.14%
Real Estate0.36%
REITS0.56%
Specialized REITs1.77%
Diversified REITs0.56%
Office REITs0%0
Residential REITs0%0
Industry PE
  • Investors are most optimistic about the Specialized REITs industry even though it's trading below its 3-year average PE ratio of 78.8x.
    • 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€0.707.7%
+€3.9m		n/aPB0.9x
EALF Elana Agricultural Land Fund REIT-Sofia€0.595.3%
+€268.9k		-6.2%n/a

Latest News

ICPD
€0.27
Intercapital Property Development ADSIC
7D
-10.0%
1Y
n/a
FPP
€0.70
Fairplay Properties REIT
7D
7.7%
1Y
n/a

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?
RPF
€4.60
Roi Property Fund REIT
7D
-1.7%
1Y
1.6%
EALF
€0.59
Elana Agricultural Land Fund REIT-Sofia
7D
5.3%
1Y
-6.2%