Announcement • May 18
Servet Gayrimenkul Yatirim Ortakligi A.S., Annual General Meeting, Jun 18, 2026 Servet Gayrimenkul Yatirim Ortakligi A.S., Annual General Meeting, Jun 18, 2026. Location: dikilitas mahallesi yenidogan sokak no: 36/1, sinpas plaza kat: 8 darphane besiktas, istanbul Turkey Reported Earnings • May 14
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₺547.5m (up 51% from 1Q 2025). Net loss: ₺640.8m (down 420% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Mar 16
Full year 2025 earnings released: EPS: ₺1.03 (vs ₺0.61 in FY 2024) Full year 2025 results: EPS: ₺1.03 (up from ₺0.61 in FY 2024). Revenue: ₺4.03b (up 216% from FY 2024). Net income: ₺3.34b (up 68% from FY 2024). Profit margin: 83% (down from 156% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₺2.87, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 19x in the REITs industry in Turkey. Negligible returns to shareholders over past three years. Buy Or Sell Opportunity • Feb 18
Now 22% undervalued Over the last 90 days, the stock has risen 14% to ₺3.55. The fair value is estimated to be ₺4.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 13%. Buy Or Sell Opportunity • Jan 30
Now 20% undervalued Over the last 90 days, the stock has risen 6.9% to ₺3.39. The fair value is estimated to be ₺4.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 13%. Buy Or Sell Opportunity • Jan 14
Now 20% undervalued Over the last 90 days, the stock has risen 13% to ₺3.38. The fair value is estimated to be ₺4.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 13%. Buy Or Sell Opportunity • Dec 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to ₺3.38. The fair value is estimated to be ₺4.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 13%. Buy Or Sell Opportunity • Nov 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to ₺3.34. The fair value is estimated to be ₺4.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 13%. Announcement • Aug 15
Servet Gayrimenkul Yatirim Ortakligi A.S., Annual General Meeting, Aug 14, 2025 Servet Gayrimenkul Yatirim Ortakligi A.S., Annual General Meeting, Aug 14, 2025. Location: dikilitas mahallesi, yenidogan sokak, no: 36, sinpas plaza, besiktas, istanbul Turkey Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺2.92, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 18x in the REITs industry in Turkey. Total returns to shareholders of 107% over the past three years. Buy Or Sell Opportunity • Jun 20
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 3.4% to ₺2.70. The fair value is estimated to be ₺2.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Jun 04
Now 23% overvalued Over the last 90 days, the stock has fallen 19% to ₺2.70. The fair value is estimated to be ₺2.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺2.90, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 12x in the REITs industry in Turkey. Total returns to shareholders of 107% over the past three years. New Risk • Mar 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₺170.6m (US$4.66m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₺170.6m market cap, or US$4.66m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (156% net profit margin). Reported Earnings • Mar 13
Full year 2024 earnings released Full year 2024 results: Revenue: ₺1.28b (up 29% from FY 2023). Net income: ₺1.99b (down 60% from FY 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: ₺0.64 (vs ₺4.01 in 3Q 2023) Third quarter 2024 results: EPS: ₺0.64 (down from ₺4.01 in 3Q 2023). Revenue: ₺259.3m (up 6.2% from 3Q 2023). Net income: ₺33.3m (down 84% from 3Q 2023). Profit margin: 13% (down from 85% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 58% per year. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₺285, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 4x in the REITs industry in Turkey. Total returns to shareholders of 283% over the past three years. New Risk • Oct 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). High level of non-cash earnings (27% accrual ratio). Reported Earnings • Oct 01
Second quarter 2024 earnings released: ₺0.72 loss per share (vs ₺1.37 loss in 2Q 2023) Second quarter 2024 results: ₺0.72 loss per share (improved from ₺1.37 loss in 2Q 2023). Revenue: ₺244.2m (up 47% from 2Q 2023). Net loss: ₺37.4m (loss narrowed 47% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 65% per year whereas the company’s share price has increased by 61% per year. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺365, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 5x in the REITs industry in Turkey. Total returns to shareholders of 368% over the past three years. New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺374, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 5x in the REITs industry in Turkey. Total returns to shareholders of 404% over the past three years. New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Reported Earnings • May 22
Full year 2023 earnings released Full year 2023 results: Revenue: ₺985.9m (up 7.0% from FY 2022). Net income: ₺5.01b (up 37% from FY 2022). Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺331, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 5x in the REITs industry in Turkey. Total returns to shareholders of 342% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺315, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 4x in the REITs industry in Turkey. Total returns to shareholders of 251% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺335, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 2x in the REITs industry in Turkey. Total returns to shareholders of 346% over the past three years. Reported Earnings • Nov 13
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₺244.1m (up 112% from 3Q 2022). Net income: ₺208.3m (up ₺303.5m from 3Q 2022). Profit margin: 85% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺351, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 2x in the REITs industry in Turkey. Total returns to shareholders of 1,311% over the past three years. Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₺166.0m (up 42% from 2Q 2022). Net loss: ₺71.1m (loss narrowed 41% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has increased by 145% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₺261, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 2x in the REITs industry in Turkey. Total returns to shareholders of 1,276% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺185, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 1x in the REITs industry in Turkey. Total returns to shareholders of 895% over the past three years. Reported Earnings • May 15
First quarter 2023 earnings released First quarter 2023 results: Revenue: ₺86.8m (up 26% from 1Q 2022). Net income: ₺37.5m (up ₺199.3m from 1Q 2022). Profit margin: 43% (up from net loss in 1Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has increased by 114% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺169, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 2x in the REITs industry in Turkey. Total returns to shareholders of 1,445% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings released Full year 2022 results: Revenue: ₺921.3m (up 122% from FY 2021). Net income: ₺3.65b (up 443% from FY 2021). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺191, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 3x in the REITs industry in Turkey. Total returns to shareholders of 1,494% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Akif Gülle was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Sep 13
Now 21% undervalued Over the last 90 days, the stock is up 42%. The fair value is estimated to be ₺151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 62%. Reported Earnings • Aug 20
Second quarter 2022 earnings released: ₺2.30 loss per share (vs ₺0.096 loss in 2Q 2021) Second quarter 2022 results: ₺2.30 loss per share (down from ₺0.096 loss in 2Q 2021). Revenue: ₺117.2m (down 13% from 2Q 2021). Net loss: ₺119.7m (loss widened ₺114.7m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 203% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2022 earnings released: ₺3.11 loss per share (vs ₺0.068 loss in 1Q 2021) First quarter 2022 results: ₺3.11 loss per share (down from ₺0.068 loss in 1Q 2021). Revenue: ₺68.9m (up 35% from 1Q 2021). Net loss: ₺161.7m (loss widened ₺158.2m from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 174% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Akif Gülle was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: ₺414.2m (down 68% from FY 2020). Net income: ₺672.4m (down 26% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has increased by 166% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 15% share price gain to ₺113, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 12x in the REITs industry in Turkey. Total returns to shareholders of 2,739% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₺85.60, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 12x in the REITs industry in Turkey. Total returns to shareholders of 1,825% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 24% share price gain to ₺83.30, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 9x in the REITs industry in Turkey. Total returns to shareholders of 2,047% over the past three years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: ₺0.25 loss per share (vs ₺0.08 loss in 3Q 2020) The company reported a decent third quarter result with improved revenues, although losses increased and control over costs was weaker. Third quarter 2021 results: Revenue: ₺73.9m (up 130% from 3Q 2020). Net loss: ₺12.8m (loss widened 210% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has increased by 200% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 21
Second quarter 2021 earnings released: ₺0.096 loss per share (vs ₺0.17 profit in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and control over costs were weaker. Second quarter 2021 results: Revenue: ₺134.5m (up 427% from 2Q 2020). Net loss: ₺5.01m (down 158% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 218% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 23% share price gain to ₺79.95, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 13x in the REITs industry in Turkey. Total returns to shareholders of 3,257% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₺88.60, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 7x in the REITs industry in Turkey. Total returns to shareholders of 3,282% over the past three years. Reported Earnings • Jun 12
First quarter 2021 earnings released: ₺0.068 loss per share (vs ₺0.052 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: ₺50.9m (up 105% from 1Q 2020). Net loss: ₺3.53m (loss widened 30% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has increased by 226% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 23% share price gain to ₺92.60, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 10x in the REITs industry in Turkey. Total returns to shareholders of 3,489% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₺79.00, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 10x in the REITs industry in Turkey. Total returns to shareholders of 2,123% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₺97.20, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 13x in the REITs industry in Turkey. Total returns to shareholders of 2,379% over the past three years. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS ₺17.38 (vs ₺1.01 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₺1.31b (up ₺1.21b from FY 2019). Net income: ₺903.6m (up ₺851.3m from FY 2019). Profit margin: 69% (up from 55% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has increased by 224% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 27
New 90-day high: ₺115 The company is up 208% from its price of ₺37.20 on 28 October 2020. The Turkish market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 32% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₺83.10 The company is up 186% from its price of ₺29.04 on 06 October 2020. The Turkish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 34% over the same period. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 15% share price gain to ₺75.20, the stock is trading at a trailing P/E ratio of 72.3x, up from the previous P/E ratio of 62.7x. This compares to an average P/E of 12x in the REITs industry in Turkey. Total returns to shareholders over the past three years are 2,522%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₺68.50, the stock is trading at a trailing P/E ratio of 65.8x, up from the previous P/E ratio of 56.9x. This compares to an average P/E of 11x in the REITs industry in Turkey. Total returns to shareholders over the past three years are 2,224%. Is New 90 Day High Low • Dec 11
New 90-day high: ₺64.70 The company is up 166% from its price of ₺24.28 on 11 September 2020. The Turkish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 39% over the same period. Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 18% share price gain to ₺49.26, the stock is trading at a trailing P/E ratio of 47.3x, up from the previous P/E ratio of 40x. This compares to an average P/E of 17x in the REITs industry in Turkey. Total returns to shareholders over the past three years are 1,571%. Is New 90 Day High Low • Nov 12
New 90-day high: ₺42.74 The company is up 94% from its price of ₺22.06 on 14 August 2020. The Turkish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 7.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: ₺0.08 loss per share The company reported a mediocre third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: ₺32.1m (up 41% from 3Q 2019). Net loss: ₺4.14m (down 156% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 137% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 17% share price gain to ₺41.96, the stock is trading at a trailing P/E ratio of 33.3x, up from the previous P/E ratio of 28.4x. This compares to an average P/E of 13x in the REITs industry in Turkey. Total returns to shareholders over the past three years are 1,197%. Valuation Update With 7 Day Price Move • Nov 03
Market bids up stock over the past week After last week's 15% share price gain to ₺42.00, the stock is trading at a trailing P/E ratio of 33.3x, up from the previous P/E ratio of 28.8x. This compares to an average P/E of 12x in the REITs industry in Turkey. Total returns to shareholders over the past three years are 1,085%. Valuation Update With 7 Day Price Move • Oct 26
Market pulls back on stock over the past week After last week's 15% share price decline to ₺35.92, the stock is trading at a trailing P/E ratio of 28.5x, down from the previous P/E ratio of 33.5x. This compares to an average P/E of 16x in the REITs industry in Turkey. Total returns to shareholders over the past three years are 993%. Is New 90 Day High Low • Oct 05
New 90-day high: ₺26.40 The company is up 60% from its price of ₺16.49 on 07 July 2020. The Turkish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 2.0% over the same period. 
