Turkish (BIST) REITS Industry Analysis
UpdatedNov 27, 2022
DataAggregated Company Financials
Companies35
- 7D14.7%
- 3M38.8%
- 1Y127.2%
- YTD113.0%
In the last week, the REITS industry is up 15%, with all of the companies up. This means that the industry has gained 127% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the Turkish REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | ₺189.5b | ₺25.8b | ₺40.7b | 6.4x | 4.7x | 7.3x |
| Tue, 25 Oct 2022 | ₺148.4b | ₺23.7b | ₺35.3b | 5.2x | 4.2x | 6.3x |
| Thu, 22 Sep 2022 | ₺138.2b | ₺23.6b | ₺35.3b | 4.9x | 3.9x | 5.8x |
| Sat, 20 Aug 2022 | ₺135.1b | ₺23.2b | ₺34.9b | 5.6x | 3.9x | 5.8x |
| Mon, 18 Jul 2022 | ₺130.9b | ₺20.1b | ₺25.4b | 6.6x | 5.2x | 6.5x |
| Wed, 15 Jun 2022 | ₺99.3b | ₺20.1b | ₺25.2b | 6.3x | 3.9x | 4.9x |
| Fri, 13 May 2022 | ₺99.9b | ₺19.4b | ₺25.4b | 6.2x | 3.9x | 5.2x |
| Sun, 10 Apr 2022 | ₺99.6b | ₺17.2b | ₺24.4b | 7.5x | 4.1x | 5.8x |
| Tue, 08 Mar 2022 | ₺76.9b | ₺17.4b | ₺18.6b | 6.3x | 4.1x | 4.4x |
| Thu, 03 Feb 2022 | ₺80.4b | ₺16.5b | ₺11.8b | 11.4x | 6.8x | 4.9x |
| Sat, 01 Jan 2022 | ₺77.2b | ₺16.3b | ₺8.3b | 12.6x | 9.3x | 4.7x |
| Mon, 29 Nov 2021 | ₺65.3b | ₺16.3b | ₺8.3b | 9.3x | 7.9x | 4x |
| Wed, 27 Oct 2021 | ₺57.7b | ₺16.4b | ₺6.6b | 13.9x | 8.8x | 3.5x |
| Fri, 24 Sep 2021 | ₺54.9b | ₺16.4b | ₺6.5b | 14x | 8.4x | 3.3x |
| Sun, 22 Aug 2021 | ₺56.7b | ₺16.4b | ₺6.5b | 12.7x | 8.7x | 3.5x |
| Fri, 09 Jul 2021 | ₺53.1b | ₺16.4b | ₺6.5b | 8.7x | 8.1x | 3.2x |
| Thu, 01 Apr 2021 | ₺55.4b | ₺13.9b | ₺4.9b | 10.4x | 11.4x | 4x |
| Sun, 03 Jan 2021 | ₺52.5b | ₺13.5b | ₺3.3b | 13.2x | 16.1x | 3.9x |
| Wed, 07 Oct 2020 | ₺40.4b | ₺12.4b | ₺3.0b | 8x | 13.4x | 3.3x |
| Tue, 30 Jun 2020 | ₺35.0b | ₺10.3b | ₺3.7b | 11.4x | 9.4x | 3.4x |
| Fri, 03 Apr 2020 | ₺22.3b | ₺13.9b | ₺4.5b | 5.7x | 5x | 1.6x |
| Mon, 06 Jan 2020 | ₺27.1b | ₺13.9b | ₺4.5b | 6.6x | 6x | 2x |
Price to Earnings Ratio
3.9x
Current Industry PE
- Investors are pessimistic on the Turkish 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 4.7x which is lower than its 3-year average PE of 9.1x.
- The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 7.3x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 89% per year over the last three years.
- Revenues for these companies have grown 36% 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 industry?
| TR Market | 8.65% | |
| Real Estate | 20.71% | |
| REITS | 14.67% | |
| Residential REITs | 22.68% | |
| Office REITs | 21.37% | |
| Diversified REITs | 12.99% | |
| Hotel and Resort REITs | 12.51% | |
| Retail REITs | 10.26% | |
| Industrial REITs | 4.80% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 13.7x.
- 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 2.3x.
Forecasted Growth
- Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 20% over the next 5 years.
- In contrast, the Diversified REITs industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| EKGYO Emlak Konut Gayrimenkul Yatirim Ortakligi | ₺6.91 | 25.9% +₺5.4b | 211.3% | PB1.5x | |
| ZRGYO Ziraat Gayrimenkul Yatirim Ortakligi | ₺5.42 | 13.9% +₺3.1b | 132.6% | PB2.9x | |
| TRGYO Torunlar Gayrimenkul Yatirim Ortakligi | ₺16.39 | 20.2% +₺2.7b | 332.5% | PB1.1x | |
| ISGYO Is Gayrimenkul Yatirim Ortakligi | ₺10.00 | 18.9% +₺1.5b | 320.2% | PB1.7x | |
| HLGYO Halk Gayrimenkul Yatirim Ortakligi | ₺5.08 | 19.2% +₺1.3b | 101.3% | PB1.1x |