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Bulgarian (SOFIX) REITS Industry Analysis

UpdatedAug 11, 2025
DataAggregated Company Financials
Companies21
  • 7D-0.4%
  • 3M11.5%
  • 1Y16.5%
  • YTD12.0%

The REITS is pretty flat in the last 7 days, but Bulgarian Real Estate Fund REIT has stood out, gaining 3.9%. As for the the longer term, the industry is up 17% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 Aug 2025лв1.0bлв98.0mлв57.7m16x18.1x10.7x
Wed, 09 Jul 2025лв1.0bлв64.3mлв54.1m24.2x19.2x16.1x
Fri, 06 Jun 2025лв987.3mлв55.9mлв45.9m18.4x21.5x17.7x
Sun, 04 May 2025лв886.3mлв63.3mлв47.1m24.8x18.8x14x
Tue, 01 Apr 2025лв931.6mлв63.8mлв45.0m43.8x20.7x14.6x
Thu, 27 Feb 2025лв923.4mлв61.4mлв42.7m53.5x21.6x15x
Sat, 25 Jan 2025лв927.3mлв57.5mлв43.1m17.5x21.5x16.1x
Mon, 23 Dec 2024лв926.3mлв57.5mлв43.1m17.2x21.5x16.1x
Wed, 20 Nov 2024лв897.0mлв56.3mлв52.1m17x17.2x15.9x
Fri, 18 Oct 2024лв903.2mлв55.7mлв52.9m16.8x17.1x16.2x
Sun, 15 Sep 2024лв838.0mлв59.8mлв56.0m16.3x15x14x
Tue, 13 Aug 2024лв896.0mлв59.7mлв49.3m18.5x18.2x15x
Thu, 11 Jul 2024лв859.8mлв57.3mлв49.8m17.7x17.3x15x
Sat, 08 Jun 2024лв843.6mлв46.9mлв49.6m17.3x17x18x
Mon, 06 May 2024лв836.3mлв60.8mлв49.7m16.5x16.8x13.7x
Wed, 03 Apr 2024лв833.0mлв61.0mлв47.5m17.1x17.6x13.6x
Fri, 01 Mar 2024лв775.7mлв59.0mлв47.9m19.6x16.2x13.1x
Sun, 28 Jan 2024лв891.9mлв68.0mлв52.3m13.2x17.1x13.1x
Tue, 26 Dec 2023лв860.8mлв68.0mлв51.7m12.6x16.6x12.7x
Thu, 23 Nov 2023лв871.4mлв69.0mлв49.5m12.6x17.6x12.6x
Sat, 21 Oct 2023лв868.2mлв59.4mлв47.4m14.4x18.3x14.6x
Mon, 18 Sep 2023лв909.6mлв59.4mлв48.4m15.5x18.8x15.3x
Wed, 16 Aug 2023лв902.6mлв60.6mлв51.9m15.5x17.4x14.9x
Fri, 14 Jul 2023лв897.1mлв75.1mлв54.9m18.4x16.3x11.9x
Sun, 11 Jun 2023лв905.5mлв75.4mлв53.7m18.6x16.9x12x
Tue, 09 May 2023лв904.5mлв73.4mлв52.5m19.5x17.2x12.3x
Thu, 06 Apr 2023лв893.2mлв71.2mлв47.4m22.2x18.8x12.5x
Sat, 04 Mar 2023лв1.3bлв104.9mлв59.2m20.3x22.5x12.7x
Mon, 30 Jan 2023лв1.3bлв88.2mлв39.5m21.2x33.5x15x
Wed, 28 Dec 2022лв1.3bлв81.5mлв34.2m23.6x37.9x15.9x
Fri, 25 Nov 2022лв1.3bлв78.5mлв32.7m25.1x38.6x16.1x
Sun, 23 Oct 2022лв1.2bлв115.5mлв37.7m22.8x31.4x10.2x
Tue, 20 Sep 2022лв1.2bлв115.5mлв37.7m23.9x32.3x10.5x
Thu, 18 Aug 2022лв1.2bлв114.9mлв36.1m30.2x33.3x10.5x
Price to Earnings Ratio

33.3x


Total Market Cap: лв1.2bTotal Earnings: лв36.1mTotal Revenue: лв114.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian REITS Industry Price to Earnings3Y Average 21x202320242025
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 18.1x which is lower than its 3-year average PE of 21.0x.
  • The 3-year average PS ratio of 14.1x is higher than the industry's current PS ratio of 10.7x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 17% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

BG Market0.18%
Real Estate-0.27%
REITS-0.41%
Office REITs0%0
Residential REITs0%0
Diversified REITs-0.41%
Specialized REITs-0.67%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 52.3x.
    • 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
BREF Bulgarian Real Estate Fund REITлв5.302.9%
+лв5.2m		97.8%PB1.2x
BPF Bravo Property Fund REITлв1.007.5%
+лв2.6m		-9.1%PB0.8x
ICPD Intercapital Property Development ADSICлв0.690.7%
+лв138.8k		n/aPB0.6x

Latest News

ICPD
лв0.69
Intercapital Property Development ADSIC
7D
0.7%
1Y
n/a
BREF
лв5.30
Bulgarian Real Estate Fund REIT
7D
2.9%
1Y
97.8%
FPP
лв1.35
Fairplay Properties REIT
7D
-12.9%
1Y
n/a
BPF
лв1.00
Bravo Property Fund REIT
7D
7.5%
1Y
-9.1%