Turkish (BIST) Real Estate Sector Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies53
- 7D-2.0%
- 3M-0.3%
- 1Y82.2%
- YTD20.8%
The Real Estate industry is down 2.0% over the last week with Servet Gayrimenkul Yatirim Ortakligi the worst performer, down 14%. This takes the industry's 12 month performance to a gain of 82%. Earnings are forecast to grow by 83% annually.
Sector Valuation and Performance
Has the Turkish Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | ₺505.3b | ₺81.2b | ₺106.2b | 5.6x | 4.8x | 6.2x |
| Fri, 26 Apr 2024 | ₺460.0b | ₺68.2b | ₺122.3b | 4.4x | 3.8x | 6.7x |
| Sun, 24 Mar 2024 | ₺438.0b | ₺53.2b | ₺136.2b | 3.8x | 3.2x | 8.2x |
| Tue, 20 Feb 2024 | ₺460.3b | ₺50.1b | ₺145.0b | 3x | 3.2x | 9.2x |
| Thu, 18 Jan 2024 | ₺403.1b | ₺49.9b | ₺143.8b | 3.3x | 2.8x | 8.1x |
| Sat, 16 Dec 2023 | ₺365.5b | ₺46.9b | ₺136.4b | 2.7x | 2.7x | 7.8x |
| Mon, 13 Nov 2023 | ₺388.3b | ₺45.9b | ₺133.8b | 3.1x | 2.9x | 8.5x |
| Wed, 11 Oct 2023 | ₺392.6b | ₺44.4b | ₺136.3b | 2.5x | 2.9x | 8.8x |
| Fri, 08 Sep 2023 | ₺360.1b | ₺43.7b | ₺135.1b | 2.5x | 2.7x | 8.2x |
| Sun, 06 Aug 2023 | ₺299.1b | ₺38.0b | ₺127.2b | 2.3x | 2.4x | 7.9x |
| Tue, 04 Jul 2023 | ₺230.4b | ₺38.2b | ₺120.9b | 2x | 1.9x | 6x |
| Thu, 01 Jun 2023 | ₺202.4b | ₺33.4b | ₺119.0b | 1.6x | 1.7x | 6.1x |
| Sat, 29 Apr 2023 | ₺181.7b | ₺31.9b | ₺117.5b | 1.5x | 1.5x | 5.7x |
| Mon, 27 Mar 2023 | ₺129.9b | ₺17.3b | ₺77.9b | 1.9x | 1.7x | 7.5x |
| Wed, 22 Feb 2023 | ₺216.9b | ₺26.6b | ₺73.9b | 3.2x | 2.9x | 8.1x |
| Fri, 20 Jan 2023 | ₺228.0b | ₺26.2b | ₺42.6b | 8x | 5.4x | 8.7x |
| Sun, 18 Dec 2022 | ₺241.3b | ₺26.2b | ₺42.6b | 7.2x | 5.7x | 9.2x |
| Tue, 15 Nov 2022 | ₺187.7b | ₺25.4b | ₺42.9b | 5.6x | 4.4x | 7.4x |
| Thu, 13 Oct 2022 | ₺148.5b | ₺23.8b | ₺35.9b | 5.8x | 4.1x | 6.2x |
| Sat, 10 Sep 2022 | ₺173.3b | ₺23.6b | ₺35.5b | 6.5x | 4.9x | 7.4x |
| Mon, 08 Aug 2022 | ₺147.8b | ₺21.4b | ₺27.6b | 8.2x | 5.4x | 6.9x |
| Wed, 06 Jul 2022 | ₺136.3b | ₺20.2b | ₺25.9b | 7x | 5.3x | 6.7x |
| Fri, 03 Jun 2022 | ₺130.9b | ₺20.3b | ₺25.7b | 6.6x | 5.1x | 6.5x |
| Sun, 01 May 2022 | ₺261.6b | ₺17.3b | ₺24.9b | 7.6x | 10.5x | 15.1x |
| Tue, 29 Mar 2022 | ₺110.2b | ₺17.3b | ₺24.9b | 6.2x | 4.4x | 6.4x |
| Thu, 24 Feb 2022 | ₺94.8b | ₺16.2b | ₺14.3b | 8.5x | 6.6x | 5.8x |
| Sat, 22 Jan 2022 | ₺90.9b | ₺16.4b | ₺8.4b | 14x | 10.8x | 5.5x |
| Mon, 20 Dec 2021 | ₺87.9b | ₺16.4b | ₺8.4b | 12.8x | 10.4x | 5.4x |
| Wed, 17 Nov 2021 | ₺73.1b | ₺16.4b | ₺8.4b | 11.8x | 8.7x | 4.5x |
| Fri, 15 Oct 2021 | ₺66.5b | ₺16.4b | ₺6.7b | 15.3x | 9.9x | 4x |
| Sun, 12 Sep 2021 | ₺66.2b | ₺16.4b | ₺6.7b | 15.9x | 9.9x | 4x |
| Tue, 10 Aug 2021 | ₺57.9b | ₺16.4b | ₺6.7b | 15.3x | 8.6x | 3.5x |
Price to Earnings Ratio
11.2x
Current Industry PE
- Investors are pessimistic on the Turkish Real Estate 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 4.8x which is lower than its 3-year average PE of 6.4x.
- The 3-year average PS ratio of 8.5x is higher than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 171% per year over the last three years.
- Revenues for these companies have grown 79% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Turkish Real Estate sector?
| TR Market | -3.98% | |
| Real Estate | -1.99% | |
| Industrial REITs | 1.97% | |
| Residential REITs | 0.22% | |
| Specialized REITs | 0% | |
| Health Care REITs | 0% | |
| Hotel and Resort REITs | -0.46% | |
| REITS | -1.25% | |
| Office REITs | -3.85% | |
| Retail REITs | -3.87% | |
| Real Estate | -4.83% | |
Industry PE
- Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 2.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 94% over the next 5 years.
- This is better than its past earnings decline of 36% per year.
- In contrast, the REITS industry is expected to see its earnings grow by 53% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PSGYO Pasifik Gayrimenkul Yatirim Ortakligi | ₺6.09 | 6.5% +₺606.8m | 41.2% | PB0.8x | |
| TSGYO TSKB Gayrimenkul Yatirim Ortakligi | ₺12.30 | 4.4% +₺338.0m | 173.9% | PB2.4x | |
| FZLGY Fuzul Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺13.95 | 7.2% +₺298.9m | n/a | PB2.5x | |
| RYGYO Reysas Gayrimenkul Yatirim Ortakligi | ₺38.42 | 1.3% +₺240.0m | 222.0% | PB0.6x | |
| SURGY Sur Tatil Evleri Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺54.80 | 2.4% +₺217.7m | n/a | PB1.9x |