Bulgarian Real Estate Fund REIT (BUL:BREF)

BUL:BREF Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	13.04	10.77	8.01	7.11	7.03
Other Revenue	35.31	0.17	0.65	15.7	0.96
Total Revenue	48.35	10.94	8.65	22.81	7.99
Revenue Growth (YoY	342.11%	26.40%	-62.06%	185.50%	10.01%
Property Expenses	28.96	3.39	3.68	13.72	2.11
Selling, General & Administrative	7.44	1.48	1.28	1.66	1.17
Other Operating Expenses	0.22	0.22	0.2	0.26	0.62
Total Operating Expenses	36.61	5.09	5.16	15.64	3.9
Operating Income	11.74	5.85	3.49	7.17	4.09
Interest Expense	-0.79	-0.95	-0.94	-0.93	-0.75
EBT Excluding Unusual Items	10.95	4.9	2.55	6.25	3.34
Asset Writedown	13.38	15.46	13.94	6.29	0.57
Pretax Income	24.33	20.36	16.49	12.53	3.91
Net Income	24.33	20.36	16.49	12.53	3.91
Net Income to Common	24.33	20.36	16.49	12.53	3.91
Net Income Growth	19.50%	23.46%	31.57%	220.32%	37.59%
Basic Shares Outstanding	35	35	35	35	35
Diluted Shares Outstanding	35	35	35	35	35
EPS (Basic)	0.70	0.59	0.48	0.36	0.11
EPS (Diluted)	0.70	0.59	0.48	0.36	0.11
EPS Growth	19.45%	23.47%	31.56%	220.32%	37.59%
Dividend Per Share	0.272	0.108	-	0.113	0.083
Dividend Growth	152.37%	-	-	35.99%	-22.92%
Operating Margin	24.29%	53.47%	40.32%	31.45%	51.17%
Profit Margin	50.32%	186.15%	190.58%	54.95%	48.98%
EBITDA	11.76	5.86	3.5	7.18	4.1
EBITDA Margin	24.31%	53.58%	40.39%	31.49%	51.30%
D&A For Ebitda	0.01	0.01	0.01	0.01	0.01
EBIT	11.74	5.85	3.49	7.17	4.09
EBIT Margin	24.29%	53.47%	40.32%	31.45%	51.17%
Revenue as Reported	61.73	26.4	22.59	29.1	8.56

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