Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Bulgarian (SOFIX) REITS Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies21
  • 7D1.6%
  • 3M3.2%
  • 1Y16.9%
  • YTD15.8%

The REITS industry is up 1.6% in the last week, with Sopharma Properties REIT up 3.9%. During this same period, the Intercapital Property Development ADSIC underperformed, falling 13%. In the last 12 months, the industry was up 17%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025лв1.0bлв102.6mлв62.8m19.1x16.6x10.2x
Thu, 13 Nov 2025лв1.0bлв105.1mлв63.9m20x16x9.7x
Sat, 11 Oct 2025лв1.1bлв105.9mлв63.2m18.1x16.7x10x
Mon, 08 Sep 2025лв1.1bлв98.2mлв55.7m15.5x19x10.8x
Wed, 06 Aug 2025лв1.1bлв98.8mлв59.5m20x17.7x10.7x
Fri, 04 Jul 2025лв1.0bлв64.3mлв54.1m24.1x19.2x16.2x
Sun, 01 Jun 2025лв988.3mлв63.7mлв48.3m25.2x20.5x15.5x
Tue, 29 Apr 2025лв870.0mлв63.3mлв47.1m24.8x18.5x13.7x
Thu, 27 Mar 2025лв921.1mлв63.8mлв44.9m43.8x20.5x14.4x
Sat, 22 Feb 2025лв933.7mлв61.4mлв42.7m53.5x21.9x15.2x
Mon, 20 Jan 2025лв932.1mлв57.5mлв43.1m17.5x21.6x16.2x
Wed, 18 Dec 2024лв930.4mлв57.5mлв43.1m17.3x21.6x16.2x
Fri, 15 Nov 2024лв899.2mлв56.3mлв52.1m17.4x17.2x16x
Sun, 13 Oct 2024лв894.9mлв55.7mлв52.9m17x16.9x16.1x
Tue, 10 Sep 2024лв832.1mлв59.8mлв56.0m16.3x14.9x13.9x
Thu, 08 Aug 2024лв894.7mлв59.7mлв49.3m18.5x18.1x15x
Sat, 06 Jul 2024лв862.1mлв57.3mлв49.9m17.7x17.3x15.1x
Mon, 03 Jun 2024лв845.9mлв47.0mлв49.5m16.9x17.1x18x
Wed, 01 May 2024лв835.1mлв60.4mлв48.8m16.5x17.1x13.8x
Fri, 29 Mar 2024лв842.5mлв58.4mлв47.0m22.1x17.9x14.4x
Sun, 25 Feb 2024лв787.6mлв59.1mлв47.8m19.6x16.5x13.3x
Tue, 23 Jan 2024лв893.7mлв68.0mлв52.3m13.7x17.1x13.1x
Thu, 21 Dec 2023лв859.6mлв68.0mлв51.7m12.6x16.6x12.6x
Sat, 18 Nov 2023лв820.0mлв69.0mлв49.5m12.6x16.6x11.9x
Mon, 16 Oct 2023лв866.5mлв59.4mлв47.4m14.4x18.3x14.6x
Wed, 13 Sep 2023лв913.3mлв62.8mлв51.8m15.5x17.6x14.5x
Fri, 11 Aug 2023лв901.0mлв60.6mлв51.9m15.5x17.4x14.9x
Sun, 09 Jul 2023лв909.2mлв75.1mлв54.9m18.4x16.6x12.1x
Tue, 06 Jun 2023лв906.0mлв74.0mлв53.6m18.6x16.9x12.2x
Thu, 04 May 2023лв904.0mлв74.4mлв52.7m19.5x17.1x12.1x
Sat, 01 Apr 2023лв889.9mлв71.2mлв47.4m22x18.8x12.5x
Mon, 27 Feb 2023лв1.3bлв104.9mлв59.2m20.3x22.5x12.7x
Wed, 25 Jan 2023лв1.3bлв81.6mлв34.2m22.3x38.8x16.3x
Fri, 23 Dec 2022лв1.3bлв81.5mлв34.2m23.6x37.8x15.9x
Price to Earnings Ratio

37.8x


Total Market Cap: лв1.3bTotal Earnings: лв34.2mTotal Revenue: лв81.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian REITS Industry Price to Earnings3Y Average 19x202320242025
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 16.6x which is lower than its 3-year average PE of 19.0x.
  • The 3-year average PS ratio of 13.9x is higher than the industry's current PS ratio of 10.2x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 8.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

BG Market1.89%
Real Estate3.31%
REITS1.59%
Diversified REITs1.59%
Office REITs0%0
Residential REITs0%0
Specialized REITs-0.36%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 71.5x.
    • 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 REITлв9.353.9%
+лв7.7m		3.9%PB2x
FPP Fairplay Properties REITлв1.575.4%
+лв6.3m		79.4%PB1x
BREF Bulgarian Real Estate Fund REITлв5.201.0%
+лв1.7m		35.4%PB1.2x
ALT Alteron REITлв28.402.9%
+лв1.2m		10.9%PB1x

Latest News

ICPD
лв0.60
Intercapital Property Development ADSIC
7D
-13.0%
1Y
n/a
SBPF
лв3.24
Super Borovets Property Fund REIT
7D
-0.6%
1Y
3.2%
FPP
лв1.57
Fairplay Properties REIT
7D
5.4%
1Y
79.4%
SFI
лв9.35
Sopharma Properties REIT
7D
3.9%
1Y
3.9%
BREF
лв5.20
Bulgarian Real Estate Fund REIT
7D
1.0%
1Y
35.4%
ALT
лв28.40
Alteron REIT
7D
2.9%
1Y
10.9%