The Market Capitalization Of 45 REITs Passes The 1 Bln Leva Benchmark

The market capitalization of 45 real estate investment trusts listed on the Bulgarian Stock Exchange passed 1 bln leva (511.291 mln euros), shows data by profit.bg.
At the end of the trading session yesterday it stood at 1.046 bln leva (534.8 mln euros), which is 4.1% of the total BSE capitalization.
The three companies at the top of the list have a market value of more than 100 mln leva (51.129 mln euros) . These are Sopharma Properties REIT, Bulgaria Properties REIT and Elana Agricultural Land Opportunity REIT.
The other two companies in the top 5 – Advance Terrafund and Fair Play Properties have a market capitalziation of more than 90 mln leva.
It is interesting that the market value of a total of 18 companies exceeds 10 mln leva. Statistics also shows that there have not been any transactions with the stock of 8 of the 45 REITs.
The core activity of 37 of the companies is the securitization of properties, and of 8 is the seciritizaztion of debt.