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Turkish (BIST) Diversified REITs Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies26
- 7D5.4%
- 3M17.0%
- 1Y18.4%
- YTDn/a
The Diversified REITs industry is up 7.5% in the last week, with Torunlar Gayrimenkul Yatirim Ortakligi up 8.7%. During this same period, the TSKB Gayrimenkul Yatirim Ortakligi underperformed, falling 7.6%. In the last 12 months, the industry was up 19%. Looking forward, earnings are forecast to grow by 64% annually.
Industry Valuation and Performance
Has the Turkish Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₺276.7b | ₺33.4b | ₺49.1b | 4.1x | 5.6x | 8.3x |
| Sat, 19 Oct 2024 | ₺239.7b | ₺33.4b | ₺41.4b | 4.3x | 5.8x | 7.2x |
| Mon, 16 Sep 2024 | ₺240.4b | ₺32.1b | ₺51.4b | 4.7x | 4.7x | 7.5x |
| Wed, 14 Aug 2024 | ₺226.4b | ₺33.9b | ₺53.9b | 4x | 4.2x | 6.7x |
| Fri, 12 Jul 2024 | ₺252.2b | ₺33.9b | ₺53.9b | 4.9x | 4.7x | 7.4x |
| Sun, 09 Jun 2024 | ₺235.6b | ₺27.6b | ₺53.6b | 4.7x | 4.4x | 8.5x |
| Tue, 07 May 2024 | ₺241.7b | ₺23.6b | ₺59.9b | 4.3x | 4x | 10.3x |
| Thu, 04 Apr 2024 | ₺214.8b | ₺22.4b | ₺74.6b | 3.7x | 2.9x | 9.6x |
| Sat, 02 Mar 2024 | ₺254.9b | ₺21.6b | ₺80.8b | 3.5x | 3.2x | 11.8x |
| Mon, 29 Jan 2024 | ₺242.4b | ₺20.3b | ₺91.2b | 2.7x | 2.7x | 11.9x |
| Wed, 27 Dec 2023 | ₺180.2b | ₺17.3b | ₺85.2b | 2.2x | 2.1x | 10.4x |
| Fri, 24 Nov 2023 | ₺210.0b | ₺17.9b | ₺84.0b | 2.1x | 2.5x | 11.7x |
| Sun, 22 Oct 2023 | ₺193.8b | ₺16.3b | ₺88.4b | 2.1x | 2.2x | 11.9x |
| Tue, 19 Sep 2023 | ₺191.8b | ₺16.3b | ₺88.4b | 2.1x | 2.2x | 11.8x |
| Thu, 17 Aug 2023 | ₺163.6b | ₺15.8b | ₺81.5b | 1.9x | 2x | 10.4x |
| Sat, 15 Jul 2023 | ₺137.4b | ₺16.2b | ₺76.0b | 1.8x | 1.8x | 8.5x |
| Mon, 12 Jun 2023 | ₺115.6b | ₺16.2b | ₺76.0b | 1.6x | 1.5x | 7.1x |
| Wed, 10 May 2023 | ₺89.5b | ₺16.4b | ₺75.2b | 1.3x | 1.2x | 5.5x |
| Fri, 07 Apr 2023 | ₺105.0b | ₺16.8b | ₺75.5b | 1.5x | 1.4x | 6.2x |
| Sun, 05 Mar 2023 | ₺108.2b | ₺13.3b | ₺53.2b | 2.4x | 2x | 8.1x |
| Tue, 31 Jan 2023 | ₺108.8b | ₺12.3b | ₺26.5b | 6.8x | 4.1x | 8.9x |
| Thu, 29 Dec 2022 | ₺119.6b | ₺12.2b | ₺25.9b | 6.3x | 4.6x | 9.8x |
| Sat, 26 Nov 2022 | ₺111.5b | ₺12.2b | ₺25.9b | 6.3x | 4.3x | 9.1x |
| Mon, 24 Oct 2022 | ₺85.8b | ₺11.6b | ₺20.0b | 4.9x | 4.3x | 7.4x |
| Wed, 21 Sep 2022 | ₺83.5b | ₺11.6b | ₺20.0b | 9x | 4.2x | 7.2x |
| Fri, 19 Aug 2022 | ₺80.7b | ₺10.7b | ₺19.4b | 11.1x | 4.1x | 7.5x |
| Sun, 17 Jul 2022 | ₺67.4b | ₺8.8b | ₺15.2b | 9.3x | 4.4x | 7.7x |
| Tue, 14 Jun 2022 | ₺65.5b | ₺8.8b | ₺15.2b | 8.9x | 4.3x | 7.5x |
| Thu, 12 May 2022 | ₺64.5b | ₺7.8b | ₺14.6b | 7.7x | 4.4x | 8.2x |
| Sat, 09 Apr 2022 | ₺65.1b | ₺7.1b | ₺14.2b | 8.5x | 4.6x | 9.2x |
| Mon, 07 Mar 2022 | ₺49.4b | ₺6.9b | ₺9.7b | 7.2x | 5.1x | 7.1x |
| Wed, 02 Feb 2022 | ₺49.3b | ₺6.7b | ₺3.3b | 15.3x | 15x | 7.4x |
| Fri, 31 Dec 2021 | ₺43.5b | ₺6.7b | ₺3.3b | 12.9x | 13.2x | 6.5x |
| Sun, 28 Nov 2021 | ₺40.2b | ₺6.7b | ₺3.3b | 13x | 12.2x | 6x |
Price to Earnings Ratio
12.2x
Current Industry PE
- Investors are optimistic on the Turkish Diversified REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.7x which is higher than its 3-year average PE of 5.0x.
- The 3-year average PS ratio of 11.7x is higher than the industry's current PS ratio of 8.4x.
Past Earnings Growth
- The earnings for companies in the Diversified REITs industry have grown 146% per year over the last three years.
- Revenues for these companies have grown 71% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Turkish Diversified REITs compare with similar industries?
| TR Market | -1.68% | |
| Real Estate | 1.52% | |
| REITS | 5.43% | |
| Diversified REITs | 5.43% | |
| Office REITs | 4.00% | |
| Industrial REITs | 3.90% | |
| Retail REITs | 1.05% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| Residential REITs | -1.96% | |
| Hotel and Resort REITs | -14.01% | |
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 | |
|---|---|---|---|---|---|
| ZRGYO Ziraat Gayrimenkul Yatirim Ortakligi | ₺12.03 | 6.8% +₺3.6b | 138.7% | PB1.1x | |
| AVPGY Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺56.00 | 14.4% +₺2.8b | n/a | PB0.6x | |
| TRGYO Torunlar Gayrimenkul Yatirim Ortakligi | ₺54.50 | 4.8% +₺2.5b | 55.7% | PB0.6x | |
| OZKGY Ozak Gayrimenkul Yatirim Ortakligi | ₺12.11 | 9.4% +₺1.5b | 27.2% | PB0.4x | |
| AKSGY Akis Gayrimenkul Yatirim Ortakligi | ₺6.99 | 5.0% +₺797.0m | 78.0% | PB0.6x |