Have your own idea? Try our Stock Screener
Turkish (BIST) Real Estate Sector Analysis
UpdatedAug 15, 2025
DataAggregated Company Financials
Companies55
- 7D1.1%
- 3M22.5%
- 1Y68.2%
- YTD39.7%
In the last week, the Real Estate industry is up 2.3%, with Pera Yatirim Holding Anonim Sirketi up 42%. In the last 12 months, the industry was up 73%. As for the next few years, earnings are expected to grow by 17% per annum.
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, 15 Aug 2025 | ₺893.3b | ₺161.7b | ₺79.5b | 12.7x | 11.2x | 5.5x |
| Sun, 13 Jul 2025 | ₺803.4b | ₺162.5b | ₺86.2b | 10.1x | 9.3x | 4.9x |
| Tue, 10 Jun 2025 | ₺717.2b | ₺162.4b | ₺85.9b | 9.6x | 8.3x | 4.4x |
| Thu, 08 May 2025 | ₺692.6b | ₺146.2b | ₺80.8b | 11.3x | 8.6x | 4.7x |
| Sat, 05 Apr 2025 | ₺663.7b | ₺146.3b | ₺81.8b | 11.5x | 8.1x | 4.5x |
| Mon, 03 Mar 2025 | ₺644.0b | ₺93.9b | ₺96.5b | 8.3x | 6.7x | 6.9x |
| Wed, 29 Jan 2025 | ₺633.2b | ₺77.5b | ₺114.1b | 6.5x | 5.5x | 8.2x |
| Fri, 27 Dec 2024 | ₺620.0b | ₺78.6b | ₺114.6b | 6.6x | 5.4x | 7.9x |
| Sun, 24 Nov 2024 | ₺580.0b | ₺81.2b | ₺116.5b | 6.2x | 5x | 7.1x |
| Tue, 22 Oct 2024 | ₺491.3b | ₺72.7b | ₺96.9b | 4.8x | 5.1x | 6.8x |
| Thu, 19 Sep 2024 | ₺536.5b | ₺80.4b | ₺104.0b | 5.4x | 5.2x | 6.7x |
| Sat, 17 Aug 2024 | ₺516.9b | ₺85.1b | ₺109.9b | 5.4x | 4.7x | 6.1x |
| Mon, 15 Jul 2024 | ₺546.2b | ₺85.1b | ₺110.4b | 5.8x | 4.9x | 6.4x |
| Wed, 12 Jun 2024 | ₺483.0b | ₺84.5b | ₺107.1b | 5.3x | 4.5x | 5.7x |
| Fri, 10 May 2024 | ₺516.1b | ₺77.2b | ₺111.2b | 4.8x | 4.6x | 6.7x |
| Sun, 07 Apr 2024 | ₺425.6b | ₺54.9b | ₺135.5b | 4.3x | 3.1x | 7.8x |
| Tue, 05 Mar 2024 | ₺478.8b | ₺51.5b | ₺132.1b | 3.7x | 3.6x | 9.3x |
| Thu, 01 Feb 2024 | ₺438.3b | ₺49.9b | ₺143.8b | 3.5x | 3x | 8.8x |
| Sat, 30 Dec 2023 | ₺354.1b | ₺49.9b | ₺143.8b | 2.6x | 2.5x | 7.1x |
| Mon, 27 Nov 2023 | ₺385.0b | ₺47.5b | ₺135.2b | 3.1x | 2.8x | 8.1x |
| Wed, 25 Oct 2023 | ₺361.8b | ₺44.5b | ₺137.7b | 2.8x | 2.6x | 8.1x |
| Fri, 22 Sep 2023 | ₺354.2b | ₺44.4b | ₺136.3b | 2.6x | 2.6x | 8x |
| Sun, 20 Aug 2023 | ₺325.0b | ₺43.5b | ₺127.9b | 2.1x | 2.5x | 7.5x |
| Tue, 18 Jul 2023 | ₺261.2b | ₺38.2b | ₺120.9b | 2.1x | 2.2x | 6.8x |
| Thu, 15 Jun 2023 | ₺208.6b | ₺33.4b | ₺119.1b | 1.7x | 1.8x | 6.2x |
| Sat, 13 May 2023 | ₺171.4b | ₺33.4b | ₺117.3b | 1.4x | 1.5x | 5.1x |
| Mon, 10 Apr 2023 | ₺200.5b | ₺31.9b | ₺117.5b | 1.6x | 1.7x | 6.3x |
| Wed, 08 Mar 2023 | ₺214.7b | ₺27.2b | ₺94.8b | 2.2x | 2.3x | 7.9x |
| Fri, 03 Feb 2023 | ₺197.0b | ₺27.1b | ₺53.5b | 4.7x | 3.7x | 7.3x |
| Sun, 01 Jan 2023 | ₺250.2b | ₺26.2b | ₺42.6b | 7.3x | 5.9x | 9.6x |
| Tue, 29 Nov 2022 | ₺275.9b | ₺26.2b | ₺42.6b | 7.8x | 6.5x | 10.5x |
| Thu, 27 Oct 2022 | ₺173.1b | ₺23.9b | ₺35.9b | 6.6x | 4.8x | 7.2x |
| Sat, 24 Sep 2022 | ₺147.1b | ₺23.8b | ₺35.9b | 5.7x | 4.1x | 6.2x |
| Mon, 22 Aug 2022 | ₺150.4b | ₺23.4b | ₺35.4b | 6.5x | 4.2x | 6.4x |
Price to Earnings Ratio
4.2x
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 11.2x which is higher than its 3-year average PE of 5.1x.
- The 3-year average PS ratio of 8.4x is higher than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 90% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Turkish Real Estate sector?
| TR Market | -2.79% | |
| Real Estate | 1.08% | |
| Retail REITs | 4.36% | |
| REITS | 1.60% | |
| Office REITs | 1.37% | |
| Real Estate | 0.59% | |
| Industrial REITs | 0.08% | |
| Residential REITs | -0.72% | |
| Hotel and Resort REITs | -2.43% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 30.8x.
- 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 1.5x.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 62% per year.
- In contrast, the Retail REITs industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| TEHOL Pera Yatirim Holding Anonim Sirketi | ₺25.22 | 41.7% +₺7.4b | 419.2% | PB8.9x | |
| DAPGM DAP Gayrimenkul Gelistirme | ₺14.20 | 6.7% +₺2.4b | 199.6% | PE53.4x | |
| ADGYO Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺45.38 | 17.7% +₺2.0b | 37.3% | PB2.1x | |
| RGYAS Ronesans Gayrimenkul Yatirim | ₺140.00 | 4.2% +₺1.9b | 26.6% | PB0.5x | |
| AHSGY Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺37.14 | 25.6% +₺1.5b | n/a | PB1.4x |