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Turkish (BIST) Hotel and Resort REITs Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies5
  • 7D-5.4%
  • 3M1.3%
  • 1Y47.9%
  • YTDn/a

Over the last 7 days, the Hotel and Resort REITs industry has dropped 3.7%, driven by a pullback from Sur Tatil Evleri Gayrimenkul Yatirim Ortakligi Anonim Sirketi of 14%. On the other hand Kizilbük Gayrimenkul Yatirim Ortakligi is actually up 5.3%. Over the past 12 months, the industry was up 52%.

Industry Valuation and Performance

Has the Turkish Hotel and Resort REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026₺40.4b₺13.8b₺5.6b5x7.2x2.9x
Thu, 05 Feb 2026₺44.0b₺13.4b₺4.0b8.4x10.9x3.3x
Sat, 03 Jan 2026₺38.2b₺13.4b₺4.0b7.2x9.5x2.9x
Mon, 01 Dec 2025₺39.8b₺13.3b₺5.2b7.7x7.7x3x
Wed, 29 Oct 2025₺44.8b₺13.1b₺5.7b8.4x7.9x3.4x
Fri, 26 Sep 2025₺46.7b₺13.1b₺5.7b9.1x8.2x3.6x
Sun, 24 Aug 2025₺48.0b₺12.8b₺11.9b7x4x3.8x
Tue, 22 Jul 2025₺42.1b₺12.7b₺12.5b5.5x3.4x3.3x
Thu, 19 Jun 2025₺35.2b₺12.7b₺12.5b4.4x2.8x2.8x
Sat, 17 May 2025₺35.8b₺12.1b₺11.1b4.8x3.2x3x
Mon, 14 Apr 2025₺28.5b₺12.1b₺10.8b5.1x2.6x2.4x
Wed, 12 Mar 2025₺27.2b₺2.2b₺6.8b5.3x4x12.2x
Fri, 07 Feb 2025₺26.8b₺1.6b₺3.1b2x8.7x17.1x
Sun, 05 Jan 2025₺30.1b₺1.6b₺3.1b2.5x9.7x19.2x
Tue, 03 Dec 2024₺31.8b₺1.6b₺3.1b2.7x10.3x20.2x
Thu, 31 Oct 2024₺35.8b₺1.6b₺3.7b1.8x9.5x22x
Sat, 28 Sep 2024₺36.6b₺1.6b-₺1,939,857,421.001.4x-18.9x22.5x
Mon, 26 Aug 2024₺32.0b₺1.8b-₺655,550,136.0016.5x-48.9x18.1x
Wed, 24 Jul 2024₺32.9b₺1.8b₺1.1b13.9x29.9x18.5x
Fri, 21 Jun 2024₺30.8b₺1.8b₺1.1b12.6x28x17.3x
Sun, 19 May 2024₺32.5b₺1.8b₺6.1b9.5x5.3x17.9x
Tue, 16 Apr 2024₺29.4b₺1.7b₺10.0b2.2x3x17.1x
Thu, 14 Mar 2024₺31.9b₺1.6b₺11.7b2.6x2.7x20.5x
Sat, 10 Feb 2024₺34.7b₺1.6b₺11.7b2.5x3x22.3x
Mon, 08 Jan 2024₺18.5b₺1.6b₺11.3b1.8x1.6x12x
Wed, 06 Dec 2023₺20.3b₺1.6b₺11.3b1.7x1.8x13.1x
Fri, 03 Nov 2023₺13.2b₺980.0m₺8.9b1.6x1.5x13.4x
Sun, 01 Oct 2023₺15.9b₺980.0m₺8.9b2.1x1.8x16.2x
Tue, 29 Aug 2023₺14.9b₺980.0m₺8.9b1.9x1.7x15.2x
Thu, 27 Jul 2023₺15.0b₺776.6m₺7.6b1.9x2x19.3x
Sat, 24 Jun 2023₺12.2b₺776.6m₺7.6b1.7x1.6x15.8x
Mon, 22 May 2023₺10.4b₺777.9m₺7.5b1.4x1.4x13.4x
Wed, 19 Apr 2023₺11.7b₺719.3m₺7.6b1.5x1.5x16.3x
Fri, 17 Mar 2023₺13.6b₺719.3m₺7.6b1.6x1.8x18.9x
Price to Earnings Ratio

1.8x


Total Market Cap: ₺13.6bTotal Earnings: ₺7.6bTotal Revenue: ₺719.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Hotel and Resort REITs Industry Price to Earnings3Y Average 28.1x202420252026
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 7.4x which is lower than its 3-year average PE of 28.1x.
  • The 3-year average PS ratio of 12.6x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Hotel and Resort REITs industry have declined 9.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 168% 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 Comparison

How does Turkish Hotel and Resort REITs compare with similar industries?

TR Market-3.18%
Real Estate1.32%
REITS1.90%
Hotel and Resort REITs-5.43%
Office REITs7.38%
Retail REITs5.27%
Industrial REITs2.99%
Diversified REITs1.90%
Specialized REITs0%0
Residential REITs-5.36%
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?

CompanyLast Price7D1YValuation
MRGYO Marti Gayrimenkul Yatirim Ortakligi₺1.467.4%
+₺109.1m
2.1%PB0.1x

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