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Turkish (BIST) Real Estate Sector Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies61
  • 7D-1.3%
  • 3M1.9%
  • 1Y36.4%
  • YTD13.0%

Over the last 7 days, the Real Estate industry has dropped 1.3%, driven by Savur Gayrimenkul Yatirim Ortakligi declining 34%. Meanwhile, UFUK Yatirim Yonetim ve Gayrimenkul actually outperformed within the industry, gaining 6.0% in the last week. Over the past 12 months, the industry was up 36%. As for the next few years, earnings are expected to grow by 46% per annum.

Sector Valuation and Performance

Has the Turkish Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Jul 2026₺1.2t₺226.1b₺94.9b11.3x12.9x5.4x
Wed, 10 Jun 2026₺1.2t₺225.2b₺96.3b12.3x12.3x5.2x
Fri, 08 May 2026₺1.2t₺228.6b₺103.8b12.8x12x5.4x
Sun, 05 Apr 2026₺1.1t₺222.5b₺93.4b11.4x11.9x5x
Tue, 03 Mar 2026₺1.1t₺184.5b₺84.7b14.1x12.4x5.7x
Thu, 29 Jan 2026₺973.2b₺183.5b₺79.9b16.9x12.2x5.3x
Sat, 27 Dec 2025₺887.7b₺182.3b₺79.5b16.1x11.2x4.9x
Mon, 24 Nov 2025₺888.4b₺184.6b₺83.1b15.1x10.7x4.8x
Wed, 22 Oct 2025₺872.5b₺177.2b₺84.1b14.6x10.4x4.9x
Fri, 19 Sep 2025₺865.5b₺177.7b₺83.4b14.9x10.4x4.9x
Sun, 17 Aug 2025₺902.5b₺162.1b₺80.1b12.9x11.3x5.6x
Tue, 15 Jul 2025₺802.1b₺162.5b₺86.2b10.1x9.3x4.9x
Thu, 12 Jun 2025₺737.7b₺162.4b₺85.9b9.7x8.6x4.5x
Sat, 10 May 2025₺702.9b₺146.2b₺80.9b10.8x8.7x4.8x
Mon, 07 Apr 2025₺663.7b₺146.3b₺81.8b11.5x8.1x4.5x
Wed, 05 Mar 2025₺654.5b₺95.8b₺83.4b9x7.8x6.8x
Fri, 31 Jan 2025₺627.3b₺77.5b₺114.1b6.4x5.5x8.1x
Sun, 29 Dec 2024₺624.9b₺77.4b₺114.4b6.6x5.5x8.1x
Tue, 26 Nov 2024₺586.9b₺80.8b₺116.1b6x5.1x7.3x
Thu, 24 Oct 2024₺497.6b₺73.7b₺101.8b4.7x4.9x6.8x
Sat, 21 Sep 2024₺562.3b₺77.0b₺107.7b5.4x5.2x7.3x
Mon, 19 Aug 2024₺516.9b₺85.5b₺106.4b5.4x4.9x6x
Wed, 17 Jul 2024₺556.0b₺85.1b₺110.4b5.9x5x6.5x
Fri, 14 Jun 2024₺485.8b₺87.1b₺108.1b5.6x4.5x5.6x
Sun, 12 May 2024₺510.4b₺78.5b₺109.8b5x4.6x6.5x
Tue, 09 Apr 2024₺440.0b₺54.9b₺135.5b4.5x3.2x8x
Thu, 07 Mar 2024₺461.4b₺51.5b₺132.1b3.7x3.5x9x
Sat, 03 Feb 2024₺441.8b₺50.0b₺144.1b3.5x3.1x8.8x
Mon, 01 Jan 2024₺15.2t₺49.9b₺143.8b3.1x105.8x304.7x
Wed, 29 Nov 2023₺384.3b₺47.5b₺135.2b2.9x2.8x8.1x
Fri, 27 Oct 2023₺361.6b₺44.5b₺137.6b2.7x2.6x8.1x
Sun, 24 Sep 2023₺360.0b₺44.4b₺136.3b2.5x2.6x8.1x
Tue, 22 Aug 2023₺325.0b₺44.0b₺128.7b2.1x2.5x7.4x
Thu, 20 Jul 2023₺267.8b₺38.2b₺120.9b2x2.2x7x
Price to Earnings Ratio

2.2x


Total Market Cap: ₺267.8bTotal Earnings: ₺120.9bTotal Revenue: ₺38.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Real Estate Sector Price to Earnings3Y Average 7.2x202420252026
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 12.9x which is higher than its 3-year average PE of 7.2x.
  • The 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 7.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 81% 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-1.19%
Real Estate-1.30%
Real Estate0.94%
Retail REITs0.45%
Specialized REITs0%0
Residential REITs-0.44%
Office REITs-1.71%
Industrial REITs-2.51%
REITS-2.94%
Hotel and Resort REITs-3.44%
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 14.5x.
    • Analysts are expecting annual earnings growth of 84.0%, which is higher than its past year's earnings decline of 85.8% per year.
  • 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 2.1x.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 84% over the next 5 years.
  • This is better than its past earnings decline of 86% per year.
  • In contrast, the Real Estate industry is expected to see its earnings decline by 5.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
UFUK UFUK Yatirim Yonetim ve Gayrimenkul₺1.70k6.6%
+₺4.9b
53.4%PE152.2x
TEHOL Tera Yatirim Teknoloji Holding₺41.005.1%
+₺4.0b
173.2%PE22.2x
TRGYO Torunlar Gayrimenkul Yatirim Ortakligi₺100.802.3%
+₺2.3b
47.2%PB0.7x
PEKGY Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi₺14.743.1%
+₺2.3b
633.3%PB10.9x
DGGYO Dogus Gayrimenkul Yatirim Ortakligi₺40.7612.3%
+₺1.5b
19.7%PB0.9x

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