Turkish (BIST) Residential REITs Industry Analysis
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies6
- 7D5.5%
- 3M-1.3%
- 1Y62.0%
- YTDn/a
Over the last 7 days, the Residential REITs industry has risen 5.5%, driven by gains from Emlak Konut Gayrimenkul Yatirim Ortakligi of 8.0%. This takes the industry's 12 month performance to a gain of 62%. As for the next few years, earnings are expected to grow by 94% per annum.
Industry Valuation and Performance
Has the Turkish Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | ₺55.6b | ₺31.0b | ₺3.3b | 6.3x | 17x | 1.8x |
| Mon, 25 Mar 2024 | ₺55.8b | ₺17.1b | ₺11.9b | 7.3x | 4.7x | 3.3x |
| Wed, 21 Feb 2024 | ₺60.4b | ₺17.1b | ₺12.0b | 7.6x | 5x | 3.5x |
| Fri, 19 Jan 2024 | ₺50.6b | ₺17.1b | ₺12.0b | 6.6x | 4.2x | 3x |
| Sun, 17 Dec 2023 | ₺44.3b | ₺17.1b | ₺12.0b | 6.1x | 3.7x | 2.6x |
| Tue, 14 Nov 2023 | ₺44.4b | ₺17.1b | ₺12.0b | 5.8x | 3.7x | 2.6x |
| Thu, 12 Oct 2023 | ₺39.0b | ₺15.0b | ₺8.8b | 6x | 4.4x | 2.6x |
| Sat, 09 Sep 2023 | ₺43.8b | ₺15.0b | ₺8.8b | 7x | 5x | 2.9x |
| Mon, 07 Aug 2023 | ₺41.2b | ₺11.3b | ₺8.0b | 6.7x | 5.1x | 3.6x |
| Wed, 05 Jul 2023 | ₺35.6b | ₺11.3b | ₺8.0b | 4.8x | 4.4x | 3.1x |
| Fri, 02 Jun 2023 | ₺33.4b | ₺11.3b | ₺8.0b | 3.9x | 4.1x | 2.9x |
| Sun, 30 Apr 2023 | ₺28.9b | ₺9.5b | ₺8.3b | 4x | 3.5x | 3.1x |
| Tue, 28 Mar 2023 | ₺32.5b | ₺9.5b | ₺8.3b | 4.2x | 3.9x | 3.4x |
| Thu, 23 Feb 2023 | ₺36.6b | ₺8.2b | ₺7.7b | 9.1x | 4.8x | 4.5x |
| Sat, 21 Jan 2023 | ₺47.9b | ₺9.1b | ₺6.9b | 13.7x | 6.9x | 5.3x |
| Mon, 19 Dec 2022 | ₺47.0b | ₺9.1b | ₺6.9b | 13x | 6.8x | 5.2x |
| Wed, 16 Nov 2022 | ₺33.0b | ₺9.1b | ₺6.9b | 8.8x | 4.8x | 3.6x |
| Fri, 14 Oct 2022 | ₺27.3b | ₺10.1b | ₺8.0b | 7.6x | 3.4x | 2.7x |
| Sun, 11 Sep 2022 | ₺32.1b | ₺10.1b | ₺8.0b | 6.9x | 4x | 3.2x |
| Tue, 09 Aug 2022 | ₺22.5b | ₺9.8b | ₺4.6b | 8.3x | 4.9x | 2.3x |
| Thu, 07 Jul 2022 | ₺22.8b | ₺9.8b | ₺4.6b | 7.4x | 4.9x | 2.3x |
| Sat, 04 Jun 2022 | ₺21.0b | ₺9.8b | ₺4.6b | 6.6x | 4.6x | 2.2x |
| Mon, 02 May 2022 | ₺19.8b | ₺9.0b | ₺4.9b | 8.2x | 4x | 2.2x |
| Wed, 30 Mar 2022 | ₺16.9b | ₺9.0b | ₺4.9b | 6.8x | 3.4x | 1.9x |
| Fri, 25 Feb 2022 | ₺14.3b | ₺8.5b | ₺3.7b | 5.6x | 3.9x | 1.7x |
| Sun, 23 Jan 2022 | ₺15.8b | ₺8.8b | ₺3.6b | 7.9x | 4.4x | 1.8x |
| Tue, 21 Dec 2021 | ₺14.7b | ₺8.8b | ₺3.6b | 6.9x | 4.1x | 1.7x |
| Thu, 18 Nov 2021 | ₺14.2b | ₺8.8b | ₺3.6b | 7.2x | 3.9x | 1.6x |
| Sat, 16 Oct 2021 | ₺12.5b | ₺9.4b | ₺3.4b | 6.2x | 3.6x | 1.3x |
| Mon, 13 Sep 2021 | ₺12.7b | ₺9.4b | ₺3.4b | 6.4x | 3.7x | 1.3x |
| Wed, 11 Aug 2021 | ₺12.4b | ₺9.4b | ₺3.4b | 6.1x | 3.6x | 1.3x |
| Sun, 06 Jun 2021 | ₺13.4b | ₺7.7b | ₺2.6b | 7.6x | 5.1x | 1.7x |
Price to Earnings Ratio
4.9x
Current Industry PE
- Investors are optimistic on the Turkish Residential REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.0x which is higher than its 3-year average PE of 4.5x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have grown 7.4% per year over the last three years.
- Revenues for these companies have grown 59% 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 Residential REITs compare with similar industries?
| TR Market | 3.05% | |
| Real Estate | 4.48% | |
| REITS | 1.16% | |
| Residential REITs | 5.55% | |
| Retail REITs | 12.90% | |
| Hotel and Resort REITs | 8.67% | |
| Office REITs | 8.17% | |
| Industrial REITs | 5.09% | |
| Diversified REITs | 1.16% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
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 | |
|---|---|---|---|---|---|
| EKGYO Emlak Konut Gayrimenkul Yatirim Ortakligi | ₺9.68 | 8.0% +₺2.7b | 61.1% | PB0.6x | |
| SNGYO Sinpas Gayrimenkul Yatirim Ortakligi | ₺4.69 | 8.3% +₺509.2m | 80.4% | PB0.7x | |
| TDGYO Trend Gayrimenkul Yatirim Ortakligi | ₺15.31 | 6.0% +₺59.3m | 252.0% | PB6.5x | |
| IDGYO Idealist Gayrimenkul Yatirim Ortakligi | ₺6.78 | 1.2% +₺4.0m | 114.6% | PB1.5x |