Bulgarian Real Estate Fund REIT (XBUL:BREF) Asset Turnover: 0.02 (As of Mar. 2026)


XBUL:BREF Bulgarian Real Estate Fund REIT XBUL:BREF
71 GF Score
Price €2.74
GF Value €15.70
Valuation Possible Value Trap
! 5 Warning Signs
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What is Bulgarian Real Estate Fund REIT Asset Turnover?

Bulgarian Real Estate Fund REIT XBUL:BREF -1.44% 71 Asset Turnover is 0.02 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.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bulgarian Real Estate Fund REIT's Revenue for the three months ended in Mar. 2026 was €1.77 Mil. Bulgarian Real Estate Fund REIT's Total Assets for the quarter that ended in Mar. 2026 was €95.96 Mil. Therefore, Bulgarian Real Estate Fund REIT's Asset Turnover for the quarter that ended in Mar. 2026 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Bulgarian Real Estate Fund REIT's annualized ROE % for the quarter that ended in Mar. 2026 was 4.69%. It is also linked to ROA % through Du Pont Formula. Bulgarian Real Estate Fund REIT's annualized ROA % for the quarter that ended in Mar. 2026 was 3.93%.


Bulgarian Real Estate Fund REIT  (XBUL:BREF) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Bulgarian Real Estate Fund REIT's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=3.772/80.415
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3.772 / 7.096)*(7.096 / 95.959)*(95.959/ 80.415)
=Net Margin %*Asset Turnover*Equity Multiplier
=53.16 %*0.0739*1.1933
=ROA %*Equity Multiplier
=3.93 %*1.1933
=4.69 %

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.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Bulgarian Real Estate Fund REIT's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=3.772/95.959
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3.772 / 7.096)*(7.096 / 95.959)
=Net Margin %*Asset Turnover
=53.16 %*0.0739
=3.93 %

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.

* 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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Bulgarian Real Estate Fund REIT Asset Turnover Related Terms


Bulgarian Real Estate Fund REIT Asset Turnover Historical Data

* Premium members only.

The historical data trend for Bulgarian Real Estate Fund REIT's Asset Turnover 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 Asset Turnover Chart

Bulgarian Real Estate Fund REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.17 0.05 0.06 0.26

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
Asset Turnover 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 0.02 0.02 0.21 0.02

XBUL:BREF vs VICI, WPC: Asset Turnover Comparison

For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs REITs Industry

For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bulgarian Real Estate Fund REIT's Asset Turnover falls into.


XBUL:BREF
71GF Score
Bulgarian Real Estate Fund REIT XBUL:BREF
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Bulgarian Real Estate Fund REIT Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Bulgarian Real Estate Fund REIT's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=24.722/( (95.518+97.588)/ 2 )
=24.722/96.553
=0.26

Bulgarian Real Estate Fund REIT's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=1.774/( (97.588+94.33)/ 2 )
=1.774/95.959
=0.02

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.02 mean?
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a Asset Turnover of 0.02 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Bulgarian Real Estate Fund REIT and its competitors.
Is Bulgarian Real Estate Fund REIT's Asset Turnover too high?
Bulgarian Real Estate Fund REIT's current Asset Turnover is 0.02. 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 Asset Turnover compare to VICI and WPC?
Bulgarian Real Estate Fund REIT's Asset Turnover of 0.02 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a REITs company?
A good Asset Turnover depends on the REITs industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Bulgarian Real Estate Fund REIT and its competitors. Bulgarian Real Estate Fund REIT's current Asset Turnover is 0.02. 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 Asset Turnover is 0.02. 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 Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Bulgarian Real Estate Fund REIT (XBUL:BREF), the current Asset Turnover is 0.02 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:

  • Asset Turnover: 0.02
  • GF Value™: €15.70 vs. price of €2.74 (82.5% below fair value)
  • GF Score™: 71/100 with 5 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

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

€2.74
Price
€15.70
GF Value