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Turkish (BIST) Real Estate Sector Analysis
UpdatedAug 28, 2026
DataAggregated Company Financials
Companies61
- 7D-1.4%
- 3M3.7%
- 1Y15.5%
- YTD13.0%
The Real Estate is pretty flat in the last 7 days, but Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi has stood out, gaining 8.9%. The past year has been better, since the industry has gained 16% in that time. Looking forward, earnings are forecast to grow by 59% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 28 Aug 2026 | ₺1.2t | ₺240.4b | ₺75.7b | 11.4x | 16.3x | 5.1x |
| Sun, 26 Jul 2026 | ₺1.2t | ₺226.1b | ₺94.9b | 11x | 12.8x | 5.4x |
| Tue, 23 Jun 2026 | ₺1.2t | ₺225.6b | ₺95.9b | 12.6x | 12.9x | 5.5x |
| Thu, 21 May 2026 | ₺1.2t | ₺221.6b | ₺92.0b | 11.8x | 13x | 5.4x |
| Sat, 18 Apr 2026 | ₺1.2t | ₺225.1b | ₺102.6b | 12.3x | 11.7x | 5.3x |
| Mon, 16 Mar 2026 | ₺1.1t | ₺227.1b | ₺95.5b | 12.6x | 11.3x | 4.7x |
| Wed, 11 Feb 2026 | ₺993.9b | ₺183.6b | ₺80.2b | 16.8x | 12.4x | 5.4x |
| Fri, 09 Jan 2026 | ₺882.9b | ₺183.5b | ₺79.9b | 15.2x | 11.1x | 4.8x |
| Sun, 07 Dec 2025 | ₺855.7b | ₺182.0b | ₺80.9b | 16.7x | 10.6x | 4.7x |
| Tue, 04 Nov 2025 | ₺914.6b | ₺177.4b | ₺84.6b | 13.8x | 10.8x | 5.2x |
| Thu, 02 Oct 2025 | ₺877.9b | ₺177.2b | ₺84.1b | 15.5x | 10.4x | 5x |
| Sat, 30 Aug 2025 | ₺862.1b | ₺182.2b | ₺85.9b | 11x | 10x | 4.7x |
| Mon, 28 Jul 2025 | ₺839.5b | ₺162.2b | ₺82.1b | 12.6x | 10.2x | 5.2x |
| Wed, 25 Jun 2025 | ₺739.5b | ₺162.4b | ₺85.9b | 9.4x | 8.6x | 4.6x |
| Fri, 23 May 2025 | ₺722.6b | ₺165.6b | ₺80.0b | 9.4x | 9x | 4.4x |
| Sun, 20 Apr 2025 | ₺661.0b | ₺146.3b | ₺81.8b | 11.1x | 8.1x | 4.5x |
| Tue, 18 Mar 2025 | ₺709.0b | ₺147.2b | ₺78.8b | 11.6x | 9x | 4.8x |
| Thu, 13 Feb 2025 | ₺611.0b | ₺77.5b | ₺114.0b | 6.1x | 5.4x | 7.9x |
| Sat, 11 Jan 2025 | ₺619.1b | ₺77.4b | ₺114.4b | 6.6x | 5.4x | 8x |
| Mon, 09 Dec 2024 | ₺619.3b | ₺78.6b | ₺114.9b | 5.5x | 5.4x | 7.9x |
| Wed, 06 Nov 2024 | ₺515.4b | ₺76.2b | ₺108.5b | 5x | 4.8x | 6.8x |
| Fri, 04 Oct 2024 | ₺510.8b | ₺73.6b | ₺101.2b | 4.9x | 5x | 6.9x |
| Sun, 01 Sep 2024 | ₺513.8b | ₺82.1b | ₺107.0b | 6.2x | 4.8x | 6.3x |
| Tue, 30 Jul 2024 | ₺552.8b | ₺85.1b | ₺110.4b | 5.8x | 5x | 6.5x |
| Thu, 27 Jun 2024 | ₺514.1b | ₺85.4b | ₺112.7b | 5.1x | 4.6x | 6x |
| Sat, 25 May 2024 | ₺502.0b | ₺81.0b | ₺106.2b | 5.7x | 4.7x | 6.2x |
| Mon, 22 Apr 2024 | ₺445.1b | ₺68.1b | ₺123.6b | 4.4x | 3.6x | 6.5x |
| Wed, 20 Mar 2024 | ₺457.0b | ₺53.2b | ₺136.2b | 3.8x | 3.4x | 8.6x |
| Fri, 16 Feb 2024 | ₺467.3b | ₺50.1b | ₺145.0b | 3.1x | 3.2x | 9.3x |
| Sun, 14 Jan 2024 | ₺384.6b | ₺49.9b | ₺143.8b | 2.9x | 2.7x | 7.7x |
| Tue, 12 Dec 2023 | ₺364.0b | ₺46.8b | ₺135.7b | 2.7x | 2.7x | 7.8x |
| Thu, 09 Nov 2023 | ₺387.8b | ₺44.9b | ₺136.1b | 2.6x | 2.8x | 8.6x |
| Sat, 07 Oct 2023 | ₺396.7b | ₺44.4b | ₺136.3b | 2.6x | 2.9x | 8.9x |
| Mon, 04 Sep 2023 | ₺342.0b | ₺43.4b | ₺133.2b | 2.4x | 2.6x | 7.9x |
Price to Earnings Ratio
2.6x
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 16.4x which is higher than its 3-year average PE of 7.7x.
- The 3-year average PS ratio of 7.2x 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 17% per year over the last three years.
- Meanwhile revenues for these companies have grown 77% 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 | 1.17% | |
| Real Estate | -1.43% | |
| Industrial REITs | 5.94% | |
| Residential REITs | 3.20% | |
| REITS | 2.63% | |
| Office REITs | 2.34% | |
| Hotel and Resort REITs | 0.95% | |
| Retail REITs | 0.53% | |
| Specialized REITs | 0% | 0 |
| Real Estate | -11.08% | |
Industry PE
- Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 29.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 124% over the next 5 years.
- In contrast, the Real Estate industry is expected to see its earnings decline by 8.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PEKGY Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺16.50 | 8.9% +₺6.8b | 112.9% | PB12.2x | |
| RYGYO Reysas Gayrimenkul Yatirim Ortakligi | ₺45.98 | 5.9% +₺5.2b | 93.7% | PB0.9x | |
| TRGYO Torunlar Gayrimenkul Yatirim Ortakligi | ₺97.60 | 5.2% +₺4.8b | 35.5% | PB0.6x | |
| EKGYO Emlak Konut Gayrimenkul Yatirim Ortakligi | ₺20.52 | 6.3% +₺4.6b | -1.5% | PB0.5x | |
| RGYAS Ronesans Gayrimenkul Yatirim | ₺209.70 | 2.5% +₺1.7b | 45.4% | PE3.6x |