Most Profitable REITs in Bulgaria

Most Profitable REITs in Bulgaria

As you already know there are 41 Real Estate Investment Trusts (REITs) listed on the Bulgarian Stock Exchange, and their market capitalization is well over 810 mln leva (414.1 mln euros).

According to data from yesterday trade session, the marekt capitalization of 3 REITs exceeds 100 mln leva (51.129 mln euros) – these are Sopharma Properties, Elana Agricultural Land Fund and Bulgaria Real Estate REIT.

But which funds are the most profitable? ranks Bulgarian REITs in terms of returns and increase in price.

It is interesting that the leading companies in our chart – Elana Agricultural Land REIT and Advance Terafund, both invest in agricultural land. The returns on their shares year-to-date stand at 50.39% and 48.8%, respectively.

The SOFIX index has added 13.6% since the beginning of the year, and BG40 gained 51.07%.

If you bought shares of Fair Play Properties at the end of 2006, you would have gained 46.53% today. Agro Hinance and Transinvestment also make it into the top 5.

14 REITs have realized positive results year-to-date, while there is no change on the positions of 4 of them. 6 of the companies post negative results - the leaders in trems of market capitalization Sopharma Properties and Bulgarian Investment Group have lost 34.6% and 35.00%, respectively, this year.

The rest of the REITs have not been registered for trade on the stock exchange towards the end of 2006.

1Elana Agricultural Land Opportunity Fund1,291,9450.39%59.232 mln euros
2Advane Terrafund REIT1,251,8648.80%40.320 mln euros
3Fair Play Properties REIT1,011,4846.53%38.624 mln euros
4Agro Finance11,4343.00%475,245 euros
5Transinvestment1,4242.86%664.679 euros
6BenchMark Properties Fund1,391,8432.37%21.7 mln euros
7Bulgaria Real Estate REIT1,351,725.93%51.3 mln euros
8Investproperty1,151,3517.39%448,658 euros
9Intercapital Property Development6,47,5117.34%18.5 mln euros
10Mel Invest Agricultural Land Fund0,971,113.40%3.952 mln euros

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