Advance Terrafund REIT

What Advance Terrafund REIT does

Advance Terrafund REIT is a Bulgarian real estate investment trust that owns, leases, and trades agricultural and urbanized land in Bulgaria. The company was founded in 2005 and is headquartered in Sofia, with shares traded on the Bulgarian Stock Exchange under the ticker ATER. Its core activities are acquiring Bulgarian farmland, leasing it to agricultural tenants for recurring rental income, and selectively selling parcels to optimize the portfolio. At the end of June 2026, the company owned approximately 17,230 hectares of farmland, down from 17,922 hectares at the end of May 2026 after net sales of 35.2 hectares in May and 286.5 hectares in June (with small offsetting purchases). The company also reported owning 6.08 hectares of urban land.

The business model is straightforward: the REIT generates recurring rental income from farmland leases, with expected rental income of approximately 4.5 million euros for the 2025-2026 crop year, slightly down from 4.6 million euros in the prior year. It supplements this recurring stream with one-time revenue from land sales. Distribution is direct: tenants lease land through direct rental agreements, and shares are distributed to investors via public stock exchange trading. The REIT structure mandates income distribution to shareholders.

The company operates with 51-100 employees, and its operating geography is exclusively domestic (Bulgaria). No acquisitions, partnerships, leadership changes, or product launches are documented in the available data. The financials table provided contains revenue figures that appear inconsistent with the reported rental income (possibly currency or unit errors), so the more reliable rental income disclosure is used as the primary revenue anchor. No AI, technology platform, or proprietary product capabilities are documented.

Name

Advance Terrafund REIT

Legal name

Advance Terrafund REIT

Website

https://advanceterrafund.bg

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Advance Terrafund REIT is a Bulgarian publicly traded REIT that owns and leases approximately 17,230 hectares of farmland to agricultural tenants, generating recurring rental income of around 4.5 million euros annually.

Ownership category

akta.pro rank

Product category

Agricultural REIT

NAICS

Lessors of Other Real Estate Property (53119), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Natural Resources Funds (Timberland, Farmland, Minerals) (FSANAEAK)

akta.pro secondary industries

Real Assets & Infrastructure ETFs (REITs, Infrastructure, Natural Resources) (FSAAAFAH), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Farmland investment
• Agricultural REIT
• Land leasing
• Real estate trust
• Agricultural land

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Farmland Rental Income: The company generates recurring rental income from leasing owned farmland to agricultural tenants. Expected rental income of approximately 4.5 million euros for the crop year starting October 2025.
2. Land Sales: The company buys and sells farmland as part of its portfolio management strategy, generating one-time transaction revenue from land divestitures.

Distribution channels1 record

Core offering

Advance Terrafund REIT is a publicly listed real estate investment trust that acquires, consolidates, leases, and sells agricultural and urbanized lands in Bulgaria. The trust owns approximately 17,230 hectares of farmland leased to agricultural tenants, generating rental income expected to reach roughly 4.5 million EUR for the crop year beginning October 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Agricultural Land Rental Program Long-term lease of consolidated agricultural land to farmers and agribusiness operators in Bulgaria, with expected rental income of roughly 4.5 million EUR for the crop year starting October 2025.
• Listed REIT Shares (Bulgarian Stock Exchange: ATER)

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves3 records

Expansion highlights2 records

Regional players

• Optima Group Bulgaria: Bulgarian real estate company focused on property investment and development in the same domestic market, providing regional comparability for Bulgarian real estate investment activities.
• Bulgarian Real Estate Fund (BREF): Bulgarian real estate investment vehicle operating in the same domestic market, providing comparability for local real estate investment returns and market dynamics.

Direct peers

• Gladstone Land Corporation: US-listed farmland REIT that acquires and leases farmland to farmers, directly comparable to Advance Terrafund REIT's business model of owning and renting agricultural land for rental income.
• Farmland Partners Inc. US-listed REIT focused on acquiring, owning, and leasing high-quality farmland to farmers across the US, serving as a direct global peer in the pure-play farmland REIT category.

Emerging players

• Cibus Capital: European agricultural investment manager focused on sustainable farmland investments, comparable to Advance Terrafund REIT's thematic focus on agricultural land as an investable asset class.
• AGROB Immobilien AG: European real estate company investing in agricultural and forestry properties, comparable as a peer in agricultural land investment strategies within the broader European market.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/advance-terrafund-reit

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Advance Terrafund REIT