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5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year.
Bulgarian Real Estate Fund REIT's 5-Year ROIIC % for the quarter that ended in Dec. 2025 was 11.48%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
XBUL:BREF's 5-Year ROIIC % is ranked better than 80.6% of 629
companies
in the REITs industry
Industry Median: 4.13
vs XBUL:BREF: 11.48
Bulgarian Real Estate Fund REIT (XBUL:BREF) 5-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Bulgarian Real Estate Fund REIT 5-Year ROIIC % Related Terms
Bulgarian Real Estate Fund REIT 5-Year ROIIC % 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.
Bulgarian Real Estate Fund REIT 5-Year ROIIC % Chart
For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT's 5-Year ROIIC %, along with its competitors' market caps and 5-Year ROIIC % 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 5-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Bulgarian Real Estate Fund REIT's 5-Year ROIIC % falls into.
5-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
5-Year Incremental Invested Capital**
=
( 6.004 (Dec. 2025) - 2.379 (Dec. 2020) )
/
( 90.265 (Dec. 2025) - 58.682 (Dec. 2020) )
=
3.625
/
31.583
=
11.48%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 5-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a 5-Year ROIIC % of 11.48 as of Dec. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Bulgarian Real Estate Fund REIT and its competitors. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #122 out of 629 companies in the REITs industry, placing it in the top 19.4%.
Is Bulgarian Real Estate Fund REIT's 5-Year ROIIC % too high?
Bulgarian Real Estate Fund REIT's current 5-Year ROIIC % is 11.48. The REITs industry median 5-Year ROIIC % is 4.13. Bulgarian Real Estate Fund REIT's value of 11.48 is 178% above this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #122 out of 629 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 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's 5-Year ROIIC % compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #122 out of 629 companies for 5-Year ROIIC %. This places Bulgarian Real Estate Fund REIT in the top 19% of its industry — outperforming the majority of peers. The industry median 5-Year ROIIC % is 4.13. Bulgarian Real Estate Fund REIT's value of 11.48 is 178% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for a REITs company?
The median 5-Year ROIIC % among REITs companies is 4.13, based on 629 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bulgarian Real Estate Fund REIT's current 5-Year ROIIC % of 11.48 is 178% above 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 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median 5-Year ROIIC % is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current 5-Year ROIIC % is 11.48. 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 €15.84, compared to a current price of €2.63 — trading 83.4% below its estimated fair value. The current 5-Year ROIIC % is 11.48 and 178% above the REITs industry median of 4.13. Bulgarian Real Estate Fund REIT's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Bulgarian Real Estate Fund REIT (XBUL:BREF), the current 5-Year ROIIC % is 11.48 as of Dec. 2025. 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 €2.63 is trading 83.4% below its estimated GF Value™ of €15.84.
GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.
Key valuation signals for XBUL:BREF:
5-Year ROIIC %: 11.48
GF Value™: €15.84 vs. price of €2.63 (83.4% below fair value)
Industry Position: 178% above the REITs median (#122 of 629)
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.
74GF Score
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