Have your own idea? Try our Stock Screener
Turkish (BIST) REITS Industry Analysis
UpdatedApr 16, 2025
DataAggregated Company Financials
Companies26
- 7D2.8%
- 3M19.7%
- 1Y50.9%
- YTD15.7%
Over the last 7 days, the REITS industry has risen 3.0%, driven by gains from Ziraat Gayrimenkul Yatirim Ortakligi of 6.9%. This means that the industry has gained 49% over the past year.
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 |
|---|---|---|---|---|---|---|
| Wed, 16 Apr 2025 | ₺357.3b | ₺53.2b | ₺31.9b | 12x | 11.2x | 6.7x |
| Fri, 14 Mar 2025 | ₺360.4b | ₺55.2b | ₺35.3b | 11.3x | 10.2x | 6.5x |
| Sun, 09 Feb 2025 | ₺314.4b | ₺33.5b | ₺48.8b | 4.8x | 6.4x | 9.4x |
| Tue, 07 Jan 2025 | ₺306.8b | ₺33.5b | ₺48.8b | 5.1x | 6.3x | 9.2x |
| Thu, 05 Dec 2024 | ₺303.5b | ₺33.5b | ₺49.1b | 4.1x | 6.2x | 9.1x |
| Sat, 02 Nov 2024 | ₺253.1b | ₺34.2b | ₺43.1b | 4.2x | 5.9x | 7.4x |
| Mon, 30 Sep 2024 | ₺259.8b | ₺32.8b | ₺46.3b | 4.3x | 5.6x | 7.9x |
| Wed, 28 Aug 2024 | ₺227.3b | ₺33.2b | ₺52.9b | 3.8x | 4.3x | 6.8x |
| Fri, 26 Jul 2024 | ₺259.7b | ₺33.9b | ₺53.9b | 5.1x | 4.8x | 7.7x |
| Sun, 23 Jun 2024 | ₺248.9b | ₺33.0b | ₺54.2b | 4.6x | 4.6x | 7.6x |
| Tue, 21 May 2024 | ₺247.7b | ₺25.8b | ₺49.4b | 4.8x | 5x | 9.6x |
| Thu, 18 Apr 2024 | ₺230.9b | ₺22.4b | ₺74.6b | 4.2x | 3.1x | 10.3x |
| Sat, 16 Mar 2024 | ₺242.5b | ₺21.6b | ₺79.5b | 3.7x | 3x | 11.2x |
| Mon, 12 Feb 2024 | ₺254.4b | ₺20.3b | ₺91.2b | 3x | 2.8x | 12.5x |
| Wed, 10 Jan 2024 | ₺196.6b | ₺17.3b | ₺85.2b | 2.3x | 2.3x | 11.4x |
| Fri, 08 Dec 2023 | ₺206.2b | ₺17.2b | ₺84.5b | 2.4x | 2.4x | 12x |
| Sun, 05 Nov 2023 | ₺206.0b | ₺16.4b | ₺87.5b | 2x | 2.4x | 12.5x |
| Tue, 03 Oct 2023 | ₺213.8b | ₺16.3b | ₺88.4b | 2.4x | 2.4x | 13.1x |
| Thu, 31 Aug 2023 | ₺182.0b | ₺16.2b | ₺87.6b | 2x | 2.1x | 11.3x |
| Sat, 29 Jul 2023 | ₺157.6b | ₺16.2b | ₺76.0b | 2x | 2.1x | 9.7x |
| Mon, 26 Jun 2023 | ₺114.1b | ₺16.2b | ₺76.0b | 1.7x | 1.5x | 7x |
| Wed, 24 May 2023 | ₺94.5b | ₺16.2b | ₺75.9b | 1.3x | 1.2x | 5.8x |
| Fri, 21 Apr 2023 | ₺106.2b | ₺16.8b | ₺75.5b | 1.6x | 1.4x | 6.3x |
| Sun, 19 Mar 2023 | ₺110.1b | ₺15.0b | ₺75.5b | 1.5x | 1.5x | 7.3x |
| Tue, 14 Feb 2023 | ₺157.3b | ₺25.9b | ₺59.4b | 2.8x | 2.6x | 6.1x |
| Thu, 12 Jan 2023 | ₺187.8b | ₺25.8b | ₺40.7b | 6.2x | 4.6x | 7.3x |
| Sat, 10 Dec 2022 | ₺205.6b | ₺25.8b | ₺40.7b | 6x | 5.1x | 8x |
| Mon, 07 Nov 2022 | ₺159.3b | ₺23.0b | ₺37.3b | 5.4x | 4.3x | 6.9x |
| Wed, 05 Oct 2022 | ₺126.7b | ₺23.6b | ₺35.3b | 4.3x | 3.6x | 5.4x |
| Fri, 02 Sep 2022 | ₺136.7b | ₺23.4b | ₺34.9b | 5.2x | 3.9x | 5.8x |
| Sun, 31 Jul 2022 | ₺138.1b | ₺20.1b | ₺25.4b | 6.5x | 5.4x | 6.9x |
| Tue, 28 Jun 2022 | ₺103.7b | ₺20.1b | ₺25.2b | 7x | 4.1x | 5.2x |
| Thu, 26 May 2022 | ₺100.0b | ₺20.1b | ₺25.2b | 5.9x | 4x | 5x |
| Sat, 23 Apr 2022 | ₺98.0b | ₺17.2b | ₺24.4b | 7.8x | 4x | 5.7x |
Price to Earnings Ratio
4x
Current Industry PE
- Investors are optimistic on the Turkish REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.1x which is higher than its 3-year average PE of 4.7x.
- The 3-year average PS ratio of 11.0x is higher than the industry's current PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 9.4% per year over the last three years.
- Revenues for these companies have grown 46% 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 | -1.05% | |
| Real Estate | 1.69% | |
| REITS | 2.83% | |
| Hotel and Resort REITs | 5.88% | |
| Diversified REITs | 2.83% | |
| Office REITs | 0.96% | |
| Retail REITs | -2.36% | |
| Industrial REITs | -3.39% | |
| Residential REITs | -4.10% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio of 4.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading below its 3-year average of 27.4x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ZRGYO Ziraat Gayrimenkul Yatirim Ortakligi | ₺22.46 | 6.9% +₺6.8b | 220.9% | PB1.9x | |
| PEHOL Pera Yatirim Holding Anonim Sirketi | ₺21.64 | 25.2% +₺4.4b | 610.5% | PB8.2x | |
| BEGYO Bati Ege Gayrimenkul Yatirim Ortakligi | ₺17.13 | 4.9% +₺652.0m | 304.0% | PB3.4x | |
| TRGYO Torunlar Gayrimenkul Yatirim Ortakligi | ₺59.50 | 0.7% +₺397.6m | 31.9% | PB0.6x | |
| KGYO Koray Gayrimenkul Yatirim Ortakligi | ₺3.34 | 7.7% +₺240.0m | 55.1% | PB2.2x |