Advance Terrafund REIT

Advance Terrafund REIT is a closed-end real estate investment trust focused on land investments in Bulgaria. Launched in 2005 and managed by Karoll Finance, it primarily acquires agricultural and urban plots, emphasizing quick consolidation for strong capital appreciation. The REIT holds a substantial portfolio, including over 170,000 decares of land as of recent reports, generating revenue through leasing, renting, and sales of investment properties. With a debt-free balance sheet and a net profit margin around 5-6%, it maintains financial health, evidenced by a strong current ratio and zero debt-to-equity ratio. Advance Terrafund REIT pays dividends, with a yield approximately 3%, supported by trailing twelve-month earnings. Headquartered in Sofia and led by CEO Radoslav Manolov, it features 85.11 million shares outstanding and a free float of about 60%. Operating in the Bulgarian real estate market, it plays a key role in specialized REITs, offering investors exposure to land assets amid sector volatility.