Bulgarian Real Estate Fund REIT (XBUL:BREF) ROCE %: 4.60% (As of Mar. 2026)

What is Bulgarian Real Estate Fund REIT ROCE %?

Bulgarian Real Estate Fund REIT XBUL:BREF -1.44% 71 ROCE % is 4.60% as of Mar. 2026. GuruFocus rates XBUL:BREF with a GF Score™ of 71/100 and a GF Value™ of €15.70 (Possible Value Trap). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bulgarian Real Estate Fund REIT's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.60%.

Bulgarian Real Estate Fund REIT (XBUL:BREF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bulgarian Real Estate Fund REIT ROCE % Related Terms

Bulgarian Real Estate Fund REIT ROCE % Historical Data

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The historical data trend for Bulgarian Real Estate Fund REIT's ROCE % 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 ROCE % Chart

Bulgarian Real Estate Fund REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec22

Dec23

Dec24

Dec25

ROCE %

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2.72

10.40

11.27

12.68

14.51

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
ROCE %	Get a 7-Day Free Trial															4.15	4.60	4.79	44.29	4.60

71GF Score

Bulgarian Real Estate Fund REIT XBUL:BREF

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Bulgarian Real Estate Fund REIT ROCE % Calculation

Bulgarian Real Estate Fund REIT's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	12.844	/	( ( (95.518 - 5.27)	+	(97.588 - 10.847) )	/ 2 )
	=	12.844	/	( (90.248	+	86.741)	/ 2 )
	=	12.844	/	88.4945
	=	14.51 %

Bulgarian Real Estate Fund REIT's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	4.004	/	( ( (97.588 - 10.847)	+	(94.33 - 7.047) )	/ 2 )
	=	4.004	/	( ( 86.741	+	87.283 )	/ 2 )
	=	4.004	/	87.012
	=	4.60 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 4.60% mean?

Bulgarian Real Estate Fund REIT (XBUL:BREF) has a ROCE % of 4.60% as of Mar. 2026.

Is Bulgarian Real Estate Fund REIT's ROCE % too high?

Bulgarian Real Estate Fund REIT's current ROCE % is 4.60%. The REITs industry median ROCE % is 5.19. Bulgarian Real Estate Fund REIT's value of 4.60% is 11.3% below this industry median. 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 ROCE % compare to VICI and WPC?

Bulgarian Real Estate Fund REIT's ROCE % of 4.60% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. Bulgarian Real Estate Fund REIT's value of 4.60% is 11.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a REITs company?

The median ROCE % among REITs companies is 5.19, based on 756 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bulgarian Real Estate Fund REIT's current ROCE % of 4.60% is 11.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current ROCE % is 4.60%. 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 €15.70, compared to a current price of €2.74 — trading 82.5% below its estimated fair value. The current ROCE % is 4.60% and 11.3% below the REITs industry median of 5.19. Bulgarian Real Estate Fund REIT's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Bulgarian Real Estate Fund REIT (XBUL:BREF), the current ROCE % is 4.60% 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 €2.74 is trading 82.5% below its estimated GF Value™ of €15.70. GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.

Key valuation signals for XBUL:BREF:

ROCE %: 4.60%
GF Value™: €15.70 vs. price of €2.74 (82.5% below fair value)
GF Score™: 71/100 with 5 warning signs
Industry Position: 11.3% below the REITs median

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 Estate REITs

Comparable Companies XBUL:BSP XBUL:SFI XBUL:FPP XBUL:BPF XBUL:ICPD XBUL:LAND XBUL:XBT XBUL:FUES ASX:GMG VICI WPC BSP:HSRE11 ASX:SGP XPAR:COV ASX:CHC ASX:GPT MEX:FUNO11 LSE:LAND LSE:BLND ASX:MGR

Address 111 R Tsarigradsko shose Boulevard, Floor 16, Sofia, BGR, 1784

Website https://www.brefbg.com

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

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.74

Price

€15.70

GF Value

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