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Turkish (BIST) Residential REITs Industry Analysis
UpdatedOct 16, 2024
DataAggregated Company Financials
Companies6
- 7D0.2%
- 3M-9.8%
- 1Y27.8%
- YTD39.7%
Over the last 7 days, the Residential REITs industry has dropped 4.6%, driven by a pullback from Emlak Konut Gayrimenkul Yatirim Ortakligi of 3.4%. Meanwhile, Trend Gayrimenkul Yatirim Ortakligi actually outperformed within the industry, gaining 13% in the last week. This takes the industry's 12 month performance to a gain of 24%. Looking forward, earnings are forecast to grow by 89% 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 |
|---|---|---|---|---|---|---|
| Wed, 16 Oct 2024 | ₺59.0b | ₺17.3b | ₺2.4b | 11.3x | 25x | 3.4x |
| Fri, 13 Sep 2024 | ₺64.4b | ₺24.9b | ₺357.5m | 17.4x | 180.3x | 2.6x |
| Sun, 11 Aug 2024 | ₺65.2b | ₺25.9b | ₺1.4b | 15.6x | 45.5x | 2.5x |
| Tue, 09 Jul 2024 | ₺62.2b | ₺25.9b | ₺1.4b | 15.4x | 43.4x | 2.4x |
| Thu, 06 Jun 2024 | ₺51.8b | ₺30.8b | -₺2,123,460,718.00 | 7.7x | -24.4x | 1.7x |
| Sat, 04 May 2024 | ₺57.9b | ₺31.0b | ₺3.3b | 6.2x | 17.7x | 1.9x |
| Mon, 01 Apr 2024 | ₺55.3b | ₺17.1b | ₺11.9b | 7.2x | 4.6x | 3.2x |
| Wed, 28 Feb 2024 | ₺62.9b | ₺17.1b | ₺12.0b | 8x | 5.2x | 3.7x |
| Fri, 26 Jan 2024 | ₺53.6b | ₺17.1b | ₺12.0b | 6.8x | 4.5x | 3.1x |
| Sun, 24 Dec 2023 | ₺41.9b | ₺17.1b | ₺12.0b | 5.8x | 3.5x | 2.5x |
| Tue, 21 Nov 2023 | ₺48.1b | ₺17.1b | ₺12.0b | 6.2x | 4x | 2.8x |
| Thu, 19 Oct 2023 | ₺34.8b | ₺15.0b | ₺8.8b | 5.5x | 4x | 2.3x |
| Sat, 16 Sep 2023 | ₺40.5b | ₺15.0b | ₺8.8b | 6.5x | 4.6x | 2.7x |
| Mon, 14 Aug 2023 | ₺40.2b | ₺11.3b | ₺8.0b | 6.1x | 5x | 3.6x |
| Wed, 12 Jul 2023 | ₺38.3b | ₺11.3b | ₺8.0b | 5.9x | 4.8x | 3.4x |
| Fri, 09 Jun 2023 | ₺35.7b | ₺11.3b | ₺8.0b | 4.4x | 4.4x | 3.2x |
| Sun, 07 May 2023 | ₺25.2b | ₺9.5b | ₺8.3b | 3.7x | 3x | 2.7x |
| Tue, 04 Apr 2023 | ₺29.8b | ₺9.5b | ₺8.3b | 4.5x | 3.6x | 3.1x |
Price to Earnings Ratio
3.6x
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 24.6x which is higher than its 3-year average PE of 15.2x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 34% per year over the last three years.
- Meanwhile revenues for these companies have grown 22% 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 Trends
Which industries have driven the changes within the Turkish Real Estate industry?
| TR Market | -1.86% | |
| Real Estate | -3.36% | |
| Residential REITs | 0.21% | |
| Single-Family Residential 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 | |
|---|---|---|---|---|---|
| SNGYO Sinpas Gayrimenkul Yatirim Ortakligi | ₺7.40 | 2.9% +₺297.0m | 124.9% | PB0.3x | |
| EKGYO Emlak Konut Gayrimenkul Yatirim Ortakligi | ₺9.83 | 0.2% +₺76.0m | 28.8% | PB0.5x | |
| TDGYO Trend Gayrimenkul Yatirim Ortakligi | ₺11.60 | 10.5% +₺75.9m | 18.7% | PB3.2x |