Turkish (BIST) REITS Industry Analysis
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies25
- 7D1.2%
- 3M-2.9%
- 1Y111.0%
- YTD12.2%
In the last week, the REITS industry is up 1.2%, with Kiler Gayrimenkul Yatirim Ortakligi up 16%. In the last 12 months, the industry was up 111%. As for the next few years, earnings are expected to grow by 56% 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 |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | ₺235.8b | ₺21.8b | ₺67.6b | 4.2x | 3.5x | 10.8x |
| Mon, 25 Mar 2024 | ₺227.8b | ₺22.4b | ₺76.3b | 3.8x | 3x | 10.2x |
| Wed, 21 Feb 2024 | ₺253.3b | ₺20.3b | ₺91.2b | 2.9x | 2.8x | 12.5x |
| Fri, 19 Jan 2024 | ₺234.7b | ₺20.3b | ₺91.2b | 2.8x | 2.6x | 11.5x |
| Sun, 17 Dec 2023 | ₺198.6b | ₺17.2b | ₺84.5b | 2.2x | 2.3x | 11.5x |
| Tue, 14 Nov 2023 | ₺205.8b | ₺16.9b | ₺83.9b | 2x | 2.5x | 12.2x |
| Thu, 12 Oct 2023 | ₺213.6b | ₺16.3b | ₺88.4b | 2.2x | 2.4x | 13.1x |
| Sat, 09 Sep 2023 | ₺203.8b | ₺16.3b | ₺88.4b | 2.2x | 2.3x | 12.5x |
| Mon, 07 Aug 2023 | ₺159.0b | ₺15.9b | ₺82.0b | 2x | 1.9x | 10x |
| Wed, 05 Jul 2023 | ₺123.8b | ₺16.2b | ₺76.0b | 1.8x | 1.6x | 7.6x |
| Fri, 02 Jun 2023 | ₺108.9b | ₺16.2b | ₺76.0b | 1.5x | 1.4x | 6.7x |
| Sun, 30 Apr 2023 | ₺95.7b | ₺16.8b | ₺75.5b | 1.4x | 1.3x | 5.7x |
| Tue, 28 Mar 2023 | ₺112.6b | ₺16.8b | ₺75.5b | 1.6x | 1.5x | 6.7x |
| Thu, 23 Feb 2023 | ₺189.8b | ₺26.5b | ₺79.7b | 2.9x | 2.4x | 7.2x |
| Sat, 21 Jan 2023 | ₺207.0b | ₺25.8b | ₺40.7b | 7.7x | 5.1x | 8x |
| Mon, 19 Dec 2022 | ₺215.2b | ₺25.8b | ₺40.7b | 6.4x | 5.3x | 8.3x |
| Wed, 16 Nov 2022 | ₺164.1b | ₺25.1b | ₺41.0b | 5.3x | 4x | 6.5x |
| Fri, 14 Oct 2022 | ₺134.0b | ₺23.6b | ₺35.3b | 4.6x | 3.8x | 5.7x |
| Sun, 11 Sep 2022 | ₺159.1b | ₺23.4b | ₺34.8b | 5.9x | 4.6x | 6.8x |
| Tue, 09 Aug 2022 | ₺132.4b | ₺21.2b | ₺27.1b | 7.1x | 4.9x | 6.2x |
| Thu, 07 Jul 2022 | ₺125.8b | ₺20.1b | ₺25.4b | 6.6x | 5x | 6.3x |
| Sat, 04 Jun 2022 | ₺103.7b | ₺20.1b | ₺25.2b | 6.5x | 4.1x | 5.1x |
| Mon, 02 May 2022 | ₺98.6b | ₺17.7b | ₺24.5b | 7.6x | 4x | 5.6x |
| Wed, 30 Mar 2022 | ₺89.7b | ₺17.2b | ₺24.4b | 6.3x | 3.7x | 5.2x |
| Fri, 25 Feb 2022 | ₺72.8b | ₺16.2b | ₺14.6b | 6.2x | 5x | 4.5x |
| Sun, 23 Jan 2022 | ₺79.0b | ₺16.3b | ₺8.3b | 13x | 9.6x | 4.8x |
| Tue, 21 Dec 2021 | ₺75.7b | ₺16.3b | ₺8.3b | 11.3x | 9.2x | 4.6x |
| Thu, 18 Nov 2021 | ₺62.8b | ₺16.3b | ₺8.2b | 9.6x | 7.6x | 3.8x |
| Sat, 16 Oct 2021 | ₺56.0b | ₺16.4b | ₺6.5b | 14.8x | 8.6x | 3.4x |
| Mon, 13 Sep 2021 | ₺57.5b | ₺16.4b | ₺6.5b | 15.9x | 8.8x | 3.5x |
| Wed, 11 Aug 2021 | ₺54.4b | ₺16.4b | ₺6.5b | 13.2x | 8.3x | 3.3x |
| Sun, 06 Jun 2021 | ₺56.8b | ₺14.1b | ₺5.2b | 8.9x | 10.8x | 4x |
Price to Earnings Ratio
10.1x
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 3.5x which is lower than its 3-year average PE of 6.1x.
- The industry is trading close to its 3-year average PS ratio of 10.1x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 140% per year over the last three years.
- Revenues for these companies have grown 16% 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 | 3.05% | |
| Real Estate | 4.48% | |
| REITS | 1.16% | |
| Retail REITs | 12.90% | |
| Hotel and Resort REITs | 8.67% | |
| Office REITs | 8.17% | |
| Residential REITs | 5.55% | |
| Industrial REITs | 5.09% | |
| Diversified REITs | 1.16% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 4.5x.
- Analysts are expecting annual earnings growth of 94.3%, which is lower than the prior year's growth of 184.1% per year.
- Investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 1.8x.
Forecasted Growth
- Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 94% over the next 5 years.
- However this is lower than its past earnings growth rate of 184% per year.
- In contrast, the Diversified REITs industry is expected to see its earnings grow by 56% 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 | |
|---|---|---|---|---|---|
| KLGYO Kiler Gayrimenkul Yatirim Ortakligi | ₺5.93 | 16.3% +₺1.2b | 187.9% | PB1.1x | |
| DGGYO Dogus Gayrimenkul Yatirim Ortakligi | ₺35.12 | 7.1% +₺770.3m | 30.8% | PB5x | |
| ISGYO Is Gayrimenkul Yatirim Ortakligi | ₺15.71 | 4.5% +₺642.4m | 90.9% | PB0.6x | |
| YGYO Yesil Gayrimenkul Yatirim Ortakligi | ₺8.25 | 46.3% +₺613.7m | 406.1% | PB0.2x | |
| PEKGY Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺8.60 | 9.3% +₺489.0m | 53.0% | PB2.9x |