Glenmoore Capital Reit
BBSEBG:GLMC0.18
EUR
0.00
(0.00%)
ISIN
BG1100006177
Return %
Stock
S&P 500
1Y
-20.60
14.20
3Y
-53.22
81.12
5Y
-60.88
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Varna Bulgaria
- Website
- gmr-reit.com
- Similar Companies
- Business
- Glenmoore Capital REIT is a Bulgaria-based real estate investment trust (REIT) specializing in real estate securitization, property acquisition, and asset management. Founded in 2017 and headquartered in Varna, Bulgaria, the company operates as a special purpose investment vehicle traded on the Bulgarian Stock Exchange under the ticker GLMC. Glenmoore Capital REIT focuses on investing raised capital into direct real estate assets across domestic urban centers, generating revenue through rental income, capital appreciation, and property development. The trust's principal business activities and services encompass the direct acquisition of freehold properties and real estate rights; comprehensive commercial and residential property management; long-term and short-term leasing of investment assets; structural renovation, upgrade, and modernization of existing properties; development and construction project oversight; and opportunistic divestment and portfolio rebalancing. The company serves domestic and regional corporate tenants, commercial enterprises, and individual lessees, concentrating its asset portfolio primarily in key Bulgarian economic hubs, including Plovdiv and Varna. In recent developments, Glenmoore Capital REIT executed a major capital increase in mid-2025, doubling its registered capital from 650,000 Bulgarian levs to 1.30 million Bulgarian levs through a public offering of newly issued ordinary shares approved by the Financial Supervision Commission. The capital injection was strategically deployed to fund extensive modernization and infrastructure upgrades for its key investment property in Plovdiv, as well as to finance the targeted acquisition of new income-generating commercial and residential real estate assets across Bulgaria.