BGREIT Index outperforms all key regional blue chip indexes

The real estate focused BGREIT Index outperforms all key regional blue chip indexes over the last 12 months, the relative comparison between them shows.

BGREIT tracks seven of the biggest and most liquid REITs on the Bulgarian Stock Exchange, including land REIT Advance Terrafund (6A6 BU) and Bulgarian Real Estate Fund REIT (5BU BU) that specializes in commercial real estate, mostly office space.

Real estate sector getting more active

The index added 9.5% over the last 12 months while all other regional blue chip benchmarks lost between 6.5% and 20%, the laggard being the Polish WIG 20.

Biggest momentum emerged at the end of 2015 and the beginning of 2016 as key REITs on the market announced renewed investment activity and rising demand on all segments of the real estate market.

Thus, the REIT investment segment on the capital market turned again out as a defensive vehicle in times of new turbulences globally that affected blue chip benchmarks.

Equity research reports on Advance Terrafund and Bulgarian Real Estate Fund REIT here

SOFIX February decline is lowest in the region

The main index on the Bulgarian Stock Exchange, SOFIX, wrapped up February downwards 0.23%. However among all 8 declining indices in the region SOFIX loss is smaller than all.

Among 19 indices in CEE best performers in February 2016 were Kazakhstan, Estonia, Turkey and Russia. The first one went up 9,54%, OMX Tallinn registered 5,15% on the upside, Turkish ISE100 wrapped up with +3.18% and Russian MICEX grew 3,1%.