XBUL:BREF'
s ROE % Range Over the Past 10 Years
Min: 2.64 Med: 7.28 Max: 15.81
Current: 15.81
During the past 13 years, Bulgarian Real Estate Fund REIT's highest ROE % was 15.81%. The lowest was 2.64%. And the median was 7.28%.
XBUL:BREF's ROE % is ranked better than 89.71% of 933
companies
in the REITs industry
Industry Median: 6.15
vs XBUL:BREF: 15.81
Bulgarian Real Estate Fund REIT (XBUL:BREF) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Bulgarian Real Estate Fund REIT ROE % Related Terms
Bulgarian Real Estate Fund REIT ROE % Historical Data
* 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.
For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs REITs Industry
For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's ROE % distribution charts can be found below:
* The bar in red indicates where Bulgarian Real Estate Fund REIT's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a ROE % of 4.69% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Bulgarian Real Estate Fund REIT and its competitors. This is 36% below median its historical median of 7.28. Over the past decade, Bulgarian Real Estate Fund REIT's ROE % has ranged from 2.64 to 15.81. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #96 out of 933 companies in the REITs industry, placing it in the top 10.3%.
Is Bulgarian Real Estate Fund REIT's ROE % too high?
Bulgarian Real Estate Fund REIT's current ROE % of 4.69% is 36% below median its 10-year median of 7.28. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 15.81. The REITs industry median ROE % is 6.15. Bulgarian Real Estate Fund REIT's value of 4.69% is 23.7% below this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #96 out of 933 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 ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #96 out of 933 companies for ROE %. This places Bulgarian Real Estate Fund REIT in the top 10% of its industry — outperforming the majority of peers. The industry median ROE % is 6.15. Bulgarian Real Estate Fund REIT's value of 4.69% is 23.7% below this benchmark. Historically, Bulgarian Real Estate Fund REIT's own ROE % has ranged from 2.64 to 15.81 over the past decade. While the company's 10-year median is 7.28 vs. the industry median of 6.15, Bulgarian Real Estate Fund REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a REITs company?
The median ROE % among REITs companies is 6.15, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bulgarian Real Estate Fund REIT's current ROE % of 4.69% is 23.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current ROE % is 4.69%, which is 36% below median its own 10-year median of 7.28. 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 ROE % is 4.69%, which is 36% below median its 10-year median of 7.28 and 23.7% below the REITs industry median of 6.15. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Bulgarian Real Estate Fund REIT (XBUL:BREF), the current ROE % is 4.69% 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:
ROE %: 4.69% (36% below median its 10-year median of 7.28)
GF Value™: €15.70 vs. price of €2.74 (82.5% below fair value)
Industry Position: 23.7% below the REITs median (#96 of 933)
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
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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