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Turkish (BIST) Retail REITs Industry Analysis
UpdatedAug 17, 2025
DataAggregated Company Financials
Companies5
- 7D3.8%
- 3M12.5%
- 1Y36.1%
- YTD16.0%
Over the last 7 days, the Retail REITs industry has risen 4.3%, driven by gains in Yeni Gimat Gayrimenkul Yatirim Ortakligi and Ronesans Gayrimenkul Yatirim of 7.8% and 3.2%, respectively. In the last 12 months, the industry was up 38%. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Turkish Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 17 Aug 2025 | ₺83.1b | ₺12.4b | ₺1.7b | 16x | 48.2x | 6.7x |
| Tue, 15 Jul 2025 | ₺78.2b | ₺12.3b | ₺5.2b | 11.5x | 15.1x | 6.3x |
| Thu, 12 Jun 2025 | ₺78.9b | ₺12.3b | ₺5.2b | 10.8x | 15.3x | 6.4x |
| Sat, 10 May 2025 | ₺71.9b | ₺12.2b | ₺5.5b | 11x | 13x | 5.9x |
| Mon, 07 Apr 2025 | ₺70.5b | ₺12.2b | ₺5.5b | 10.2x | 12.7x | 5.8x |
| Wed, 05 Mar 2025 | ₺68.9b | ₺11.9b | ₺14.8b | 8.1x | 4.7x | 5.8x |
| Fri, 31 Jan 2025 | ₺69.5b | ₺11.2b | ₺28.0b | 2.4x | 2.5x | 6.2x |
| Sun, 29 Dec 2024 | ₺71.5b | ₺11.2b | ₺28.0b | 2.4x | 2.6x | 6.4x |
| Tue, 26 Nov 2024 | ₺68.5b | ₺11.2b | ₺28.0b | 2.2x | 2.4x | 6.1x |
| Thu, 24 Oct 2024 | ₺59.5b | ₺8.7b | ₺26.8b | 2.3x | 2.2x | 6.8x |
| Sat, 21 Sep 2024 | ₺65.1b | ₺9.5b | ₺30.4b | 2x | 2.1x | 6.9x |
| Mon, 19 Aug 2024 | ₺61.0b | ₺9.7b | ₺28.8b | 1.9x | 2.1x | 6.3x |
| Wed, 17 Jul 2024 | ₺67.7b | ₺9.4b | ₺28.8b | 2.2x | 2.4x | 7.2x |
| Fri, 14 Jun 2024 | ₺25.2b | ₺2.5b | ₺10.7b | 10.4x | 2.4x | 10.1x |
| Sun, 12 May 2024 | ₺28.8b | ₺2.3b | ₺10.0b | 11.2x | 2.9x | 12.5x |
| Tue, 09 Apr 2024 | ₺25.1b | ₺2.3b | ₺10.0b | 9.8x | 2.5x | 10.9x |
| Thu, 07 Mar 2024 | ₺23.2b | ₺1.8b | ₺6.2b | 3.2x | 3.7x | 12.9x |
| Sat, 03 Feb 2024 | ₺20.9b | ₺1.6b | ₺7.1b | 2.5x | 3x | 12.8x |
| Mon, 01 Jan 2024 | ₺17.2b | ₺1.6b | ₺7.1b | 2.3x | 2.4x | 10.5x |
| Wed, 29 Nov 2023 | ₺18.6b | ₺1.6b | ₺7.1b | 2.5x | 2.6x | 11.4x |
| Fri, 27 Oct 2023 | ₺17.4b | ₺1.4b | ₺6.7b | 2.5x | 2.6x | 12.2x |
| Sun, 24 Sep 2023 | ₺18.7b | ₺1.4b | ₺6.7b | 2.7x | 2.8x | 13.2x |
| Tue, 22 Aug 2023 | ₺17.9b | ₺1.4b | ₺6.6b | 2.5x | 2.7x | 12.9x |
| Thu, 20 Jul 2023 | ₺15.7b | ₺1.3b | ₺6.4b | 2.6x | 2.4x | 12.6x |
| Sat, 17 Jun 2023 | ₺13.7b | ₺1.3b | ₺6.4b | 2.1x | 2.1x | 11x |
| Mon, 15 May 2023 | ₺13.2b | ₺1.2b | ₺6.4b | 1.8x | 2.1x | 11.2x |
| Wed, 12 Apr 2023 | ₺13.9b | ₺1.1b | ₺6.3b | 2x | 2.2x | 12.7x |
Price to Earnings Ratio
2.2x
Current Industry PE
- Investors are optimistic on the Turkish Retail REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 72.5x which is higher than its 3-year average PE of 6.5x.
- The 3-year average PS ratio of 12.5x is higher than the industry's current PS ratio of 6.9x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have declined 43% per year over the last three years.
- Meanwhile revenues for these companies have grown 123% 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 | -3.57% | |
| Real Estate | 2.22% | |
| Retail REITs | 3.76% | |
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 | |
|---|---|---|---|---|---|
| RGYAS Ronesans Gayrimenkul Yatirim | ₺139.00 | 3.3% +₺1.5b | 27.5% | PB0.4x | |
| YGGYO Yeni Gimat Gayrimenkul Yatirim Ortakligi | ₺91.40 | 6.1% +₺1.3b | 91.5% | PB1.3x | |
| AKMGY Akmerkez Gayrimenkul Yatirim Ortakligi | ₺224.30 | 7.8% +₺603.7m | -4.7% | PB1.1x |