Bulgarian Real Estate Fund REIT (XBUL:BREF) EPS without NRI: €0.36 (TTM As of Mar. 2026)


XBUL:BREF Bulgarian Real Estate Fund REIT XBUL:BREF
71 GF Score
Price €2.76
GF Value €15.78
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Bulgarian Real Estate Fund REIT EPS without NRI?

Bulgarian Real Estate Fund REIT XBUL:BREF +1.47% 71 EPS without NRI is €0.36 as of Mar. 2026. GuruFocus rates XBUL:BREF with a GF Score™ of 71/100 and a GF Value™ of €15.78 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 678 REITs companies, Bulgarian Real Estate Fund REIT ranks better than 83.92% on this metric.

Bulgarian Real Estate Fund REIT's earnings per share without non-recurring items for the three months ended in Mar. 2026 was €0.03. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was €0.36.

During the past 12 months, Bulgarian Real Estate Fund REIT's average earnings per share (NRI) Growth Rate was 18.30% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 24.70% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 47.00% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Bulgarian Real Estate Fund REIT's EPS without NRI or its related term are showing as below:

XBUL:BREF' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -46.3   Med: 16.2   Max: 89.6
Current: 24.7

During the past 13 years, Bulgarian Real Estate Fund REIT's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 89.60% per year. The lowest was -46.30% per year. And the median was 16.20% per year.

XBUL:BREF's 3-Year EPS without NRI Growth Rate is ranked better than
83.92% of 678 companies
in the REITs industry
Industry Median: 0.7 vs XBUL:BREF: 24.70

Bulgarian Real Estate Fund REIT's EPS (Diluted) for the three months ended in Mar. 2026 was €0.03. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.36.

Bulgarian Real Estate Fund REIT's EPS (Basic) for the three months ended in Mar. 2026 was €0.03. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.36.


Bulgarian Real Estate Fund REIT  (XBUL:BREF) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Bulgarian Real Estate Fund REIT EPS without NRI Related Terms


Bulgarian Real Estate Fund REIT EPS without NRI Historical Data

* Premium members only.

The historical data trend for Bulgarian Real Estate Fund REIT's EPS without NRI can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bulgarian Real Estate Fund REIT EPS without NRI Chart

Bulgarian Real Estate Fund REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.19 0.24 0.30 0.36

Bulgarian Real Estate Fund REIT Quarterly Data
Mar21 Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.03 0.03 0.28 0.03

XBUL:BREF vs VICI, WPC: EPS without NRI Comparison

For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bulgarian Real Estate Fund REIT PE Ratio without NRI vs REITs Industry

For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Bulgarian Real Estate Fund REIT's PE Ratio without NRI falls into.


XBUL:BREF
71GF Score
Bulgarian Real Estate Fund REIT XBUL:BREF
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulgarian Real Estate Fund REIT EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.36

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of €0.36 mean?
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a EPS without NRI of €0.36 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Bulgarian Real Estate Fund REIT and its competitors. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #109 out of 678 companies in the REITs industry, placing it in the top 16.1%.
Is Bulgarian Real Estate Fund REIT's EPS without NRI too high?
Bulgarian Real Estate Fund REIT's current EPS without NRI is €0.36. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #109 out of 678 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's EPS without NRI compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #109 out of 678 companies for EPS without NRI. This places Bulgarian Real Estate Fund REIT in the top 16% of its industry — outperforming the majority of peers. The industry median EPS without NRI is 0.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a REITs company?
The median EPS without NRI among REITs companies is 0.70, based on 678 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median EPS without NRI is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current EPS without NRI is €0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT (XBUL:BREF) is currently considered Possible Value Trap. The stock's GF Value™ is €15.78, compared to a current price of €2.76 — trading 82.5% below its estimated fair value. The current EPS without NRI is €0.36. Bulgarian Real Estate Fund REIT's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Bulgarian Real Estate Fund REIT (XBUL:BREF), the current EPS without NRI is €0.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bulgarian Real Estate Fund REIT (XBUL:BREF) Overvalued in 2026?

Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued. The current stock price of €2.76 is trading 82.5% below its estimated GF Value™ of €15.78. GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.

Key valuation signals for XBUL:BREF:

  • EPS without NRI: €0.36
  • GF Value™: €15.78 vs. price of €2.76 (82.5% below fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the XBUL:BREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bulgarian Real Estate Fund REIT Business Description

Industry Real EstateREITs
Address 111 R Tsarigradsko shose Boulevard, Floor 16, Sofia, BGR, 1784
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
71GF Score

Get the complete analysis for XBUL:BREF

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.76
Price
€15.78
GF Value