Turkish (BIST) Residential REITs Industry Analysis
UpdatedJul 25, 2024
DataAggregated Company Financials
Companies6
- 7D3.2%
- 3M25.6%
- 1Y49.6%
- YTDn/a
In the last week, the Residential REITs industry is up 7.2%, with Emlak Konut Gayrimenkul Yatirim Ortakligi up 6.9%. During this same period, the Eyg Gayrimenkul Yatirim Ortakligi underperformed, falling 8.5%. This means that the industry has gained 52% over the past year. Looking forward, earnings are forecast to grow by 87% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 25 Jul 2024 | ₺67.6b | ₺25.9b | ₺1.4b | 16x | 47.1x | 2.6x |
| Sat, 22 Jun 2024 | ₺54.8b | ₺26.2b | ₺1.4b | 9.6x | 39.5x | 2.1x |
| Mon, 20 May 2024 | ₺52.4b | ₺30.6b | ₺2.6b | 5.4x | 20.1x | 1.7x |
| Wed, 17 Apr 2024 | ₺59.7b | ₺17.1b | ₺11.9b | 7.5x | 5x | 3.5x |
| Fri, 15 Mar 2024 | ₺61.4b | ₺17.1b | ₺12.0b | 7.9x | 5.1x | 3.6x |
| Sun, 11 Feb 2024 | ₺58.3b | ₺17.1b | ₺12.0b | 7.2x | 4.9x | 3.4x |
| Tue, 09 Jan 2024 | ₺45.7b | ₺17.1b | ₺12.0b | 6.4x | 3.8x | 2.7x |
| Thu, 07 Dec 2023 | ₺45.2b | ₺17.1b | ₺12.0b | 6.1x | 3.8x | 2.6x |
| Sat, 04 Nov 2023 | ₺42.5b | ₺15.8b | ₺10.0b | 6x | 4.2x | 2.7x |
| Mon, 02 Oct 2023 | ₺38.5b | ₺15.0b | ₺8.8b | 6x | 4.4x | 2.6x |
| Wed, 30 Aug 2023 | ₺40.1b | ₺15.0b | ₺8.8b | 6.9x | 4.6x | 2.7x |
| Fri, 28 Jul 2023 | ₺38.4b | ₺11.3b | ₺8.0b | 6.4x | 4.8x | 3.4x |
| Sun, 25 Jun 2023 | ₺33.2b | ₺11.3b | ₺8.0b | 4.5x | 4.1x | 2.9x |
| Tue, 23 May 2023 | ₺29.7b | ₺11.3b | ₺8.0b | 3.8x | 3.7x | 2.6x |
| Thu, 20 Apr 2023 | ₺32.2b | ₺9.5b | ₺8.3b | 4.3x | 3.9x | 3.4x |
| Sat, 18 Mar 2023 | ₺33.4b | ₺9.5b | ₺8.3b | 4.4x | 4x | 3.5x |
| Mon, 13 Feb 2023 | ₺28.1b | ₺8.2b | ₺7.7b | 7.6x | 3.7x | 3.4x |
| Wed, 11 Jan 2023 | ₺46.7b | ₺9.1b | ₺6.9b | 13.5x | 6.8x | 5.2x |
| Fri, 09 Dec 2022 | ₺40.7b | ₺9.1b | ₺6.9b | 11.4x | 5.9x | 4.5x |
| Sun, 06 Nov 2022 | ₺32.1b | ₺10.0b | ₺8.0b | 8.2x | 4x | 3.2x |
| Tue, 04 Oct 2022 | ₺27.4b | ₺10.1b | ₺8.0b | 7.7x | 3.4x | 2.7x |
| Thu, 01 Sep 2022 | ₺26.1b | ₺10.1b | ₺8.0b | 7.3x | 3.2x | 2.6x |
| Sat, 30 Jul 2022 | ₺23.3b | ₺9.8b | ₺4.6b | 8.2x | 5.1x | 2.4x |
| Mon, 27 Jun 2022 | ₺21.7b | ₺9.8b | ₺4.6b | 6.9x | 4.7x | 2.2x |
| Wed, 25 May 2022 | ₺20.0b | ₺9.8b | ₺4.6b | 6.9x | 4.3x | 2x |
| Fri, 22 Apr 2022 | ₺21.6b | ₺9.0b | ₺4.9b | 8.9x | 4.4x | 2.4x |
| Sun, 20 Mar 2022 | ₺16.0b | ₺9.0b | ₺4.9b | 6.4x | 3.2x | 1.8x |
| Tue, 15 Feb 2022 | ₺15.2b | ₺8.8b | ₺3.6b | 6.8x | 4.2x | 1.7x |
| Thu, 13 Jan 2022 | ₺14.9b | ₺8.8b | ₺3.6b | 7x | 4.1x | 1.7x |
| Sat, 11 Dec 2021 | ₺15.8b | ₺8.8b | ₺3.6b | 7.7x | 4.4x | 1.8x |
| Mon, 08 Nov 2021 | ₺14.0b | ₺9.5b | ₺3.4b | 7.5x | 4.1x | 1.5x |
| Wed, 06 Oct 2021 | ₺12.3b | ₺9.4b | ₺3.4b | 6.3x | 3.6x | 1.3x |
| Fri, 03 Sep 2021 | ₺12.7b | ₺9.4b | ₺3.4b | 6.2x | 3.7x | 1.3x |
| Sun, 01 Aug 2021 | ₺12.7b | ₺9.4b | ₺3.4b | 6.1x | 3.7x | 1.3x |
Price to Earnings Ratio
3.7x
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 47.6x which is higher than its 3-year average PE of 5.3x.
- The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 25% per year over the last three years.
- Meanwhile revenues for these companies have grown 40% 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 Residential REITs compare with similar industries?
| TR Market | -0.45% | |
| Real Estate | 0.35% | |
| REITS | 0.64% | |
| Residential REITs | 3.25% | |
| Hotel and Resort REITs | 2.74% | |
| Diversified REITs | 0.64% | |
| Office REITs | 0.096% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| Retail REITs | -0.48% | |
| Industrial REITs | -2.41% | |
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 | ₺12.16 | 2.1% +₺950.0m | 43.6% | PB0.7x | |
| ADGYO Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺34.94 | 8.2% +₺775.4m | n/a | PB1.7x | |
| SNGYO Sinpas Gayrimenkul Yatirim Ortakligi | ₺6.66 | 1.1% +₺99.0m | 116.2% | PB0.3x | |
| IDGYO Idealist Gayrimenkul Yatirim Ortakligi | ₺6.49 | 9.1% +₺27.0m | 12.1% | PB1.8x |