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Turkish (BIST) Hotel and Resort REITs Industry Analysis
UpdatedNov 19, 2025
DataAggregated Company Financials
Companies5
- 7D-2.6%
- 3M-12.1%
- 1Y43.4%
- YTD42.2%
Over the last 7 days, the Hotel and Resort REITs industry has dropped 2.6%, driven by Kizilbük Gayrimenkul Yatirim Ortakligi declining 10%. Meanwhile, Kuzugrup Gayrimenkul Yatirim Ortakligi actually outperformed within the industry, gaining 6.5% in the last week. Over the past 12 months, the industry was up 43%.
Industry Valuation and Performance
Has the Turkish Hotel and Resort REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 20 Nov 2025 | ₺42.2b | ₺13.4b | ₺5.2b | 7.8x | 8x | 3.1x |
| Sat, 18 Oct 2025 | ₺41.8b | ₺13.1b | ₺5.7b | 8.3x | 7.3x | 3.2x |
| Mon, 15 Sep 2025 | ₺42.7b | ₺13.1b | ₺5.7b | 8.7x | 7.5x | 3.3x |
| Wed, 13 Aug 2025 | ₺49.3b | ₺12.7b | ₺12.5b | 6.3x | 3.9x | 3.9x |
| Fri, 11 Jul 2025 | ₺39.8b | ₺12.7b | ₺12.5b | 5x | 3.2x | 3.1x |
| Sun, 08 Jun 2025 | ₺35.4b | ₺12.6b | ₺11.7b | 4.4x | 3x | 2.8x |
| Tue, 06 May 2025 | ₺35.1b | ₺12.1b | ₺10.8b | 5.6x | 3.3x | 2.9x |
| Thu, 03 Apr 2025 | ₺29.3b | ₺12.1b | ₺10.8b | 5.4x | 2.7x | 2.4x |
| Sat, 01 Mar 2025 | ₺26.2b | ₺1.6b | ₺2.9b | 2x | 9x | 16.5x |
| Mon, 27 Jan 2025 | ₺28.5b | ₺1.6b | ₺3.1b | 2x | 9.2x | 18.1x |
| Wed, 25 Dec 2024 | ₺28.8b | ₺1.6b | ₺3.1b | 2.1x | 9.3x | 18.3x |
| Fri, 22 Nov 2024 | ₺29.8b | ₺1.6b | ₺3.1b | 2.5x | 9.6x | 19x |
| Sun, 20 Oct 2024 | ₺34.5b | ₺1.6b | ₺3.7b | 1.6x | 9.2x | 21.2x |
| Tue, 17 Sep 2024 | ₺32.4b | ₺1.6b | ₺27.5m | 17.6x | 1178.7x | 19.8x |
| Thu, 15 Aug 2024 | ₺31.3b | ₺1.8b | ₺1.1b | 13.8x | 28.4x | 17.6x |
| Sat, 13 Jul 2024 | ₺31.8b | ₺1.8b | ₺1.1b | 13.2x | 28.9x | 17.9x |
| Mon, 10 Jun 2024 | ₺32.1b | ₺1.8b | ₺1.2b | 10.7x | 27.5x | 18.1x |
| Wed, 08 May 2024 | ₺31.7b | ₺1.8b | ₺6.1b | 9.1x | 5.2x | 17.5x |
| Fri, 05 Apr 2024 | ₺26.9b | ₺1.6b | ₺11.7b | 2.1x | 2.3x | 17.3x |
| Sun, 03 Mar 2024 | ₺33.8b | ₺1.6b | ₺11.7b | 2.5x | 2.9x | 21.7x |
| Tue, 30 Jan 2024 | ₺21.9b | ₺1.6b | ₺11.3b | 2.1x | 1.9x | 14.1x |
| Thu, 28 Dec 2023 | ₺12.8b | ₺1.6b | ₺11.3b | 1.2x | 1.1x | 8.3x |
| Sat, 25 Nov 2023 | ₺20.7b | ₺1.6b | ₺11.3b | 1.6x | 1.8x | 13.4x |
| Mon, 23 Oct 2023 | ₺13.5b | ₺980.0m | ₺8.9b | 1.6x | 1.5x | 13.8x |
| Wed, 20 Sep 2023 | ₺15.8b | ₺980.0m | ₺8.9b | 2x | 1.8x | 16.1x |
| Fri, 18 Aug 2023 | ₺15.8b | ₺980.0m | ₺8.9b | 2x | 1.8x | 16.1x |
| Sun, 16 Jul 2023 | ₺14.7b | ₺776.6m | ₺7.6b | 1.9x | 1.9x | 19x |
| Tue, 13 Jun 2023 | ₺12.8b | ₺776.6m | ₺7.6b | 1.7x | 1.7x | 16.5x |
| Thu, 11 May 2023 | ₺9.2b | ₺719.3m | ₺7.6b | 1.3x | 1.2x | 12.8x |
| Sat, 08 Apr 2023 | ₺13.1b | ₺719.3m | ₺7.6b | 1.6x | 1.7x | 18.2x |
Price to Earnings Ratio
1.6x
Current Industry PE
- Investors are pessimistic on the Turkish Hotel and Resort REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.0x which is lower than its 3-year average PE of 30.7x.
- The 3-year average PS ratio of 13.5x is higher than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Hotel and Resort REITs industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 165% 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 industry?
| TR Market | 2.09% | |
| Real Estate | 0.34% | |
| Hotel and Resort REITs | -2.57% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KZGYO Kuzugrup Gayrimenkul Yatirim Ortakligi | ₺26.10 | 6.5% +₺320.0m | 11.0% | PB0.4x | |
| AKFGY Akfen Gayrimenkul Yatirim Ortakligi | ₺2.71 | 1.5% +₺154.8m | 28.4% | PB0.3x | |
| SURGY Sur Tatil Evleri Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺51.95 | 1.2% +₺100.5m | 31.3% | PB1x |