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Bulgarian (SOFIX) REITS Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies21
  • 7D-2.1%
  • 3M6.9%
  • 1Y9.0%
  • YTD2.6%

Over the last 7 days, the REITS industry has dropped 2.1%, driven by a pullback from Sopharma Properties REIT of 12%. This takes the industry's 12 month performance to a gain of 9.0%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024лв926.0mлв57.5mлв43.1m17.2x21.5x16.1x
Tue, 19 Nov 2024лв897.2mлв56.3mлв52.1m17.2x17.2x15.9x
Thu, 17 Oct 2024лв910.0mлв55.7mлв52.9m16.8x17.2x16.3x
Sat, 14 Sep 2024лв838.0mлв60.2mлв55.1m14.6x15.2x13.9x
Mon, 12 Aug 2024лв896.0mлв59.7mлв49.3m18.5x18.2x15x
Wed, 10 Jul 2024лв859.8mлв57.3mлв49.9m17.7x17.2x15x
Fri, 07 Jun 2024лв859.6mлв47.0mлв49.5m17.3x17.4x18.3x
Sun, 05 May 2024лв836.3mлв61.0mлв49.3m16.5x17x13.7x
Tue, 02 Apr 2024лв842.5mлв61.0mлв47.5m17.1x17.8x13.8x
Thu, 29 Feb 2024лв776.4mлв59.0mлв47.9m19.6x16.2x13.1x
Sat, 27 Jan 2024лв891.9mлв68.0mлв52.3m13.2x17.1x13.1x
Mon, 25 Dec 2023лв860.8mлв68.0mлв51.7m12.6x16.6x12.7x
Wed, 22 Nov 2023лв872.6mлв69.0mлв49.5m12.6x17.6x12.6x
Fri, 20 Oct 2023лв868.9mлв59.4mлв47.4m14.4x18.3x14.6x
Sun, 17 Sep 2023лв909.6mлв59.4mлв48.4m15.5x18.8x15.3x
Tue, 15 Aug 2023лв901.9mлв60.6mлв51.9m15.5x17.4x14.9x
Thu, 13 Jul 2023лв896.8mлв75.1mлв54.9m18.4x16.3x11.9x
Sat, 10 Jun 2023лв905.5mлв75.4mлв53.7m18.6x16.9x12x
Mon, 08 May 2023лв904.5mлв73.4mлв52.5m19.5x17.2x12.3x
Wed, 05 Apr 2023лв893.2mлв71.2mлв47.4m22.4x18.8x12.5x
Fri, 03 Mar 2023лв1.3bлв104.9mлв59.2m20.3x22.5x12.7x
Sun, 29 Jan 2023лв1.3bлв88.2mлв39.5m21.2x33.5x15x
Tue, 27 Dec 2022лв1.3bлв81.5mлв34.2m23.6x37.9x15.9x
Thu, 24 Nov 2022лв1.3bлв78.5mлв32.7m25.1x38.6x16.1x
Sat, 22 Oct 2022лв1.2bлв115.5mлв37.7m22.8x31.4x10.2x
Mon, 19 Sep 2022лв1.2bлв115.5mлв37.7m23.9x32.4x10.6x
Wed, 17 Aug 2022лв1.2bлв114.9mлв36.1m30.1x33.3x10.5x
Fri, 15 Jul 2022лв1.2bлв121.5mлв37.3m33.8x32.7x10.1x
Sun, 12 Jun 2022лв1.2bлв121.5mлв37.3m34.2x31.8x9.8x
Tue, 10 May 2022лв1.2bлв112.8mлв31.1m35.7x37.5x10.3x
Thu, 07 Apr 2022лв1.1bлв130.2mлв27.5m30x41.5x8.8x
Sat, 05 Mar 2022лв1.2bлв137.1mлв34.3m19.7x34.8x8.7x
Mon, 31 Jan 2022лв1.2bлв128.5mлв31.9m18x37.1x9.2x
Wed, 29 Dec 2021лв1.0bлв118.0mлв33.1m24.5x31.1x8.7x
Price to Earnings Ratio

31.1x


Total Market Cap: лв1.0bTotal Earnings: лв33.1mTotal Revenue: лв118.0mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian REITS Industry Price to Earnings3Y Average 24x202220232024
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 21.5x which is lower than its 3-year average PE of 24.0x.
  • The 3-year average PS ratio of 12.9x is lower than the industry's current PS ratio of 16.1x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 9.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 21% 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 Market0.59%
Real Estate-0.36%
REITS-2.06%
Specialized REITs1.55%
Industrial REITs0%
Office REITs0%
Residential REITs0%
Retail REITs0%
Hotel and Resort REITs0%
Healthcare REITs0%
Diversified REITs-2.06%
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 22.9x.
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
SFB Sopharma Buildings REIT-Sofiaлв16.805.0%
+лв3.1m		-14.7%n/a
ICPD Intercapital Property Development ADSICлв0.6813.3%
+лв2.2m		n/aPB0.6x
BREF Bulgarian Real Estate Fund REITлв3.820.5%
+лв692.8k		51.6%PB1x
RPF Roi Property Fund REITлв8.850.6%
+лв308.1k		4.7%PB2.2x
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Latest News

PARK

лв0.75

Park REIT

7D

-1.3%

1Y

-5.1%

ICPD

лв0.68

Intercapital Property Development ADSIC

7D

13.3%

1Y

n/a

SFI

лв7.90

Sopharma Properties REIT

7D

-12.2%

1Y

n/a

FPP

лв0.86

Fairplay Properties REIT

7D

-1.1%

1Y

-3.9%

BREF

лв3.82

Bulgarian Real Estate Fund REIT

7D

0.5%

1Y

51.6%

RPF

лв8.85

Roi Property Fund REIT

7D

0.6%

1Y

4.7%

SFB

лв16.80

Sopharma Buildings REIT-Sofia

7D

5.0%

1Y

-14.7%