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Turkish (BIST) Real Estate Sector Analysis
UpdatedApr 13, 2026
DataAggregated Company Financials
Companies60
- 7D3.0%
- 3M8.0%
- 1Y57.5%
- YTD12.6%
The Real Estate industry is up 3.0% in the last week, with Emlak Konut Gayrimenkul Yatirim Ortakligi up 10%. In the same time, DAP Gayrimenkul Gelistirme was down 16%. In the last 12 months, the industry was up 57%.
Sector Valuation and Performance
Has the Turkish Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 13 Apr 2026 | ₺1.2t | ₺224.9b | ₺102.6b | 12x | 11.4x | 5.2x |
| Wed, 11 Mar 2026 | ₺1.1t | ₺235.5b | ₺95.3b | 12.7x | 11.5x | 4.7x |
| Fri, 06 Feb 2026 | ₺958.3b | ₺183.5b | ₺80.2b | 16.4x | 12x | 5.2x |
| Sun, 04 Jan 2026 | ₺873.1b | ₺183.4b | ₺79.5b | 18.4x | 11x | 4.8x |
| Tue, 02 Dec 2025 | ₺851.6b | ₺182.0b | ₺80.9b | 16.8x | 10.5x | 4.7x |
| Thu, 30 Oct 2025 | ₺884.1b | ₺178.1b | ₺83.6b | 16.2x | 10.6x | 5x |
| Sat, 27 Sep 2025 | ₺865.2b | ₺177.2b | ₺84.1b | 15.2x | 10.3x | 4.9x |
| Mon, 25 Aug 2025 | ₺922.1b | ₺180.7b | ₺96.3b | 13.3x | 9.6x | 5.1x |
| Wed, 23 Jul 2025 | ₺848.6b | ₺162.5b | ₺86.2b | 10.4x | 9.8x | 5.2x |
| Fri, 20 Jun 2025 | ₺712.4b | ₺162.4b | ₺85.9b | 9.1x | 8.3x | 4.4x |
| Sun, 18 May 2025 | ₺728.4b | ₺164.3b | ₺83.4b | 10.1x | 8.7x | 4.4x |
| Tue, 15 Apr 2025 | ₺678.9b | ₺146.3b | ₺81.8b | 11.4x | 8.3x | 4.6x |
| Thu, 13 Mar 2025 | ₺682.3b | ₺140.4b | ₺81.8b | 10.3x | 8.3x | 4.9x |
| Sat, 08 Feb 2025 | ₺624.1b | ₺77.5b | ₺114.0b | 6.3x | 5.5x | 8x |
| Mon, 06 Jan 2025 | ₺630.9b | ₺77.4b | ₺114.4b | 6.9x | 5.5x | 8.2x |
| Wed, 04 Dec 2024 | ₺615.0b | ₺78.6b | ₺114.9b | 5.8x | 5.4x | 7.8x |
| Fri, 01 Nov 2024 | ₺525.1b | ₺74.3b | ₺106.7b | 5.1x | 4.9x | 7.1x |
| Sun, 29 Sep 2024 | ₺556.6b | ₺73.1b | ₺100.4b | 5.4x | 5.5x | 7.6x |
| Tue, 27 Aug 2024 | ₺505.0b | ₺84.5b | ₺107.1b | 5.4x | 4.7x | 6x |
| Thu, 25 Jul 2024 | ₺562.5b | ₺85.1b | ₺110.4b | 5.8x | 5.1x | 6.6x |
| Sat, 22 Jun 2024 | ₺526.5b | ₺83.5b | ₺109.9b | 5.9x | 4.8x | 6.3x |
| Mon, 20 May 2024 | ₺510.3b | ₺79.5b | ₺109.0b | 5.7x | 4.7x | 6.4x |
| Wed, 17 Apr 2024 | ₺452.3b | ₺54.9b | ₺134.9b | 4.3x | 3.4x | 8.2x |
| Fri, 15 Mar 2024 | ₺468.7b | ₺51.5b | ₺130.8b | 3.8x | 3.6x | 9.1x |
| Sun, 11 Feb 2024 | ₺462.4b | ₺50.1b | ₺145.0b | 3.2x | 3.2x | 9.2x |
| Tue, 09 Jan 2024 | ₺374.3b | ₺49.9b | ₺143.8b | 2.8x | 2.6x | 7.5x |
| Thu, 07 Dec 2023 | ₺369.6b | ₺46.8b | ₺135.7b | 2.7x | 2.7x | 7.9x |
| Sat, 04 Nov 2023 | ₺375.8b | ₺43.9b | ₺136.1b | 2.6x | 2.8x | 8.6x |
| Mon, 02 Oct 2023 | ₺384.3b | ₺44.4b | ₺136.3b | 2.5x | 2.8x | 8.7x |
| Wed, 30 Aug 2023 | ₺336.0b | ₺43.4b | ₺133.2b | 2.3x | 2.5x | 7.7x |
| Fri, 28 Jul 2023 | ₺275.5b | ₺38.2b | ₺120.9b | 2.4x | 2.3x | 7.2x |
| Sun, 25 Jun 2023 | ₺212.0b | ₺38.2b | ₺120.9b | 1.9x | 1.8x | 5.6x |
| Tue, 23 May 2023 | ₺417.3b | ₺33.4b | ₺119.0b | 1.5x | 3.5x | 12.5x |
| Thu, 20 Apr 2023 | ₺201.9b | ₺31.9b | ₺117.5b | 1.7x | 1.7x | 6.3x |
Price to Earnings Ratio
1.7x
Current Industry PE
- Investors are optimistic on the Turkish Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.4x which is higher than its 3-year average PE of 6.4x.
- The 3-year average PS ratio of 7.4x is higher than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 4.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 92% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Turkish Real Estate sector?
| TR Market | 4.61% | |
| Real Estate | 2.98% | |
| Office REITs | 9.41% | |
| Residential REITs | 8.11% | |
| Industrial REITs | 7.57% | |
| Real Estate | 3.10% | |
| REITS | 1.51% | |
| Hotel and Resort REITs | 1.31% | |
| Specialized REITs | 0% | 0 |
| Retail REITs | -1.60% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 12.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Industrial REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.8x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RYGYO Reysas Gayrimenkul Yatirim Ortakligi | ₺34.44 | 10.5% +₺6.5b | 145.0% | PB0.8x | |
| EKGYO Emlak Konut Gayrimenkul Yatirim Ortakligi | ₺21.00 | 5.7% +₺4.3b | 65.7% | PB0.6x | |
| RGYAS Ronesans Gayrimenkul Yatirim | ₺179.00 | 7.8% +₺4.3b | 64.2% | PE3.6x | |
| HLGYO Halk Gayrimenkul Yatirim Ortakligi | ₺5.58 | 12.0% +₺2.3b | 123.9% | PB0.4x | |
| TEHOL Tera Yatirim Teknoloji Holding | ₺20.64 | 11.6% +₺2.1b | -10.3% | PE14x |