Bulgarian Real Estate Fund REIT (BUL:BREF)

BUL:BREF Income Statement

Financials in millions BGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	12.68	10.77	8.01	7.11	7.03	7.05
Other Revenue	0.12	0.17	0.65	15.7	0.96	0.21
Total Revenue	12.8	10.94	8.65	22.81	7.99	7.26
Revenue Growth (YoY	24.86%	26.40%	-62.06%	185.50%	10.01%	-8.42%
Property Expenses	3.63	3.39	3.68	13.72	2.11	1.34
Selling, General & Administrative	1.63	1.48	1.28	1.66	1.17	1.18
Other Operating Expenses	0.18	0.22	0.2	0.26	0.62	0.25
Total Operating Expenses	5.44	5.09	5.16	15.64	3.9	2.78
Operating Income	7.36	5.85	3.49	7.17	4.09	4.49
Interest Expense	-0.84	-0.95	-0.94	-0.93	-0.75	-0.25
EBT Excluding Unusual Items	6.52	4.9	2.55	6.25	3.34	4.24
Asset Writedown	15.46	15.46	13.94	6.29	0.57	-1.39
Pretax Income	21.98	20.36	16.49	12.53	3.91	2.84
Net Income	21.98	20.36	16.49	12.53	3.91	2.84
Net Income to Common	21.98	20.36	16.49	12.53	3.91	2.84
Net Income Growth	21.96%	23.46%	31.57%	220.32%	37.59%	-43.19%
Basic Shares Outstanding	35	35	35	35	35	35
Diluted Shares Outstanding	35	35	35	35	35	35
Shares Change (YoY)	0.13%	-	-	-	-	0.34%
EPS (Basic)	0.63	0.59	0.48	0.36	0.11	0.08
EPS (Diluted)	0.63	0.59	0.48	0.36	0.11	0.08
EPS Growth	21.81%	23.47%	31.56%	220.32%	37.59%	-43.38%
Dividend Per Share	0.007	0.007	-	0.113	0.083	0.108
Dividend Growth	-	-	-	35.99%	-22.92%	-13.21%
Operating Margin	57.48%	53.47%	40.32%	31.45%	51.17%	61.79%
Profit Margin	171.68%	186.15%	190.58%	54.95%	48.98%	39.16%
EBITDA	7.37	5.86	3.5	7.18	4.1	4.51
EBITDA Margin	57.57%	53.58%	40.39%	31.49%	51.30%	62.06%
D&A For Ebitda	0.01	0.01	0.01	0.01	0.01	0.02
EBIT	7.36	5.85	3.49	7.17	4.09	4.49
EBIT Margin	57.48%	53.47%	40.32%	31.45%	51.17%	61.79%
Revenue as Reported	28.26	26.4	22.59	29.1	8.56	7.26

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.