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Bulgarian (SOFIX) REITS Industry Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies19
  • 7D0.9%
  • 3M2.1%
  • 1Y8.8%
  • YTD1.0%

Over the last 7 days, the REITS industry has remained flat. As for the the longer term, the industry is up 8.8% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024лв787.6mлв59.1mлв47.8m19.6x16.5x13.3x
Mon, 22 Jan 2024лв893.2mлв68.0mлв52.3m13.7x17.1x13.1x
Wed, 20 Dec 2023лв859.6mлв68.0mлв51.7m12.6x16.6x12.6x
Fri, 17 Nov 2023лв819.5mлв69.0mлв49.5m12.6x16.6x11.9x
Sun, 15 Oct 2023лв866.5mлв59.4mлв47.4m14.4x18.3x14.6x
Tue, 12 Sep 2023лв919.8mлв62.8mлв51.8m15.5x17.8x14.7x
Thu, 10 Aug 2023лв901.6mлв60.6mлв51.9m15.5x17.4x14.9x
Sat, 08 Jul 2023лв909.2mлв75.1mлв54.9m18.4x16.6x12.1x
Mon, 05 Jun 2023лв906.0mлв74.0mлв53.6m18.6x16.9x12.2x
Wed, 03 May 2023лв915.1mлв74.4mлв52.7m19.5x17.4x12.3x
Fri, 31 Mar 2023лв886.2mлв71.2mлв47.4m21.3x18.7x12.4x
Sun, 26 Feb 2023лв1.3bлв104.9mлв59.2m20.3x22.5x12.7x
Tue, 24 Jan 2023лв1.3bлв81.6mлв34.2m22.3x38.8x16.3x
Thu, 22 Dec 2022лв1.3bлв81.5mлв34.2m23.6x37.9x15.9x
Sat, 19 Nov 2022лв1.3bлв78.5mлв32.7m22.2x38.3x15.9x
Mon, 17 Oct 2022лв1.2bлв115.5mлв37.7m22.8x31.4x10.2x
Wed, 14 Sep 2022лв1.2bлв115.8mлв36.6m28.7x33.3x10.5x
Fri, 12 Aug 2022лв1.2bлв114.9mлв36.1m29.1x33.3x10.5x
Sun, 10 Jul 2022лв1.2bлв121.5mлв37.3m33.8x32.5x10x
Tue, 07 Jun 2022лв1.2bлв121.5mлв37.3m34.8x32.1x9.8x
Thu, 05 May 2022лв1.2bлв112.8mлв31.1m35.5x37.3x10.3x
Sat, 02 Apr 2022лв1.1bлв127.2mлв28.3m26.8x40.2x9x
Mon, 28 Feb 2022лв1.2bлв130.5mлв34.5m19.7x34.8x9.2x
Wed, 26 Jan 2022лв1.2bлв129.4mлв36.2m20.8x32.5x9.1x
Fri, 24 Dec 2021лв1.2bлв118.0mлв33.1m24.5x35.1x9.9x
Sun, 21 Nov 2021лв1.1bлв119.3mлв41.0m23.8x26.3x9x
Tue, 19 Oct 2021лв1.1bлв80.2mлв32.3m24.6x33.4x13.5x
Thu, 16 Sep 2021лв1.1bлв83.1mлв33.7m20.2x31.9x12.9x
Sat, 14 Aug 2021лв1.0bлв92.3mлв25.8m30.2x38.8x10.9x
Wed, 09 Jun 2021лв948.5mлв65.9mлв22.0m35.4x43.2x14.4x
Tue, 02 Mar 2021лв1.0bлв67.5mлв22.2m41.6x46.3x15.2x
Price to Earnings Ratio

46.3x


Total Market Cap: лв1.0bTotal Earnings: лв22.2mTotal Revenue: лв67.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian REITS Industry Price to Earnings3Y Average 29.6x202220232024
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 16.5x which is lower than its 3-year average PE of 29.6x.
  • The industry is trading close to its 3-year average PS ratio of 12.1x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 29% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.3% 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 Market0.80%
Real Estate0.43%
REITS0.87%
Diversified REITs0.87%
Specialized REITs0.30%
Industrial REITs0%
Office REITs0%
Residential REITs0%
Retail REITs0%
Hotel and Resort REITs0%
Healthcare REITs0%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 17.9x.
    • 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
SFI Sopharma Properties REITлв9.202.2%
+лв4.4m
6.4%PB2.3x
BREF Bulgarian Real Estate Fund REITлв2.642.3%
+лв2.1m
25.7%PB0.7x
SBPF Super Borovets Property Fund REITлв3.040.7%
+лв467.6k
n/aPB1.5x
AKTV Aktiv Properties REITлв6.401.6%
+лв219.2k
n/an/a
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Latest News

AKTV

лв6.40

Aktiv Properties REIT

7D

1.6%

1Y

n/a

SFI

лв9.20

Sopharma Properties REIT

7D

2.2%

1Y

6.4%

BREF

лв2.64

Bulgarian Real Estate Fund REIT

7D

2.3%

1Y

25.7%