Turkish (BIST) Residential REITs Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies6
- 7D-6.0%
- 3M-11.8%
- 1Y55.7%
- YTD23.9%
Over the last 7 days, the Residential REITs industry has dropped 6.0%, driven by Emlak Konut Gayrimenkul Yatirim Ortakligi declining 10%. Over the past 12 months, the industry was up 56%. 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 |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | ₺52.4b | ₺30.6b | ₺2.6b | 5.4x | 20.1x | 1.7x |
| Tue, 16 Apr 2024 | ₺59.7b | ₺17.1b | ₺11.9b | 7.7x | 5x | 3.5x |
| Thu, 14 Mar 2024 | ₺60.6b | ₺17.1b | ₺12.0b | 7.7x | 5x | 3.5x |
| Sat, 10 Feb 2024 | ₺58.3b | ₺17.1b | ₺12.0b | 7.2x | 4.9x | 3.4x |
| Mon, 08 Jan 2024 | ₺44.3b | ₺17.1b | ₺12.0b | 6.2x | 3.7x | 2.6x |
| Wed, 06 Dec 2023 | ₺45.8b | ₺17.1b | ₺12.0b | 6.1x | 3.8x | 2.7x |
| Fri, 03 Nov 2023 | ₺42.2b | ₺15.8b | ₺10.0b | 6.1x | 4.2x | 2.7x |
| Sun, 01 Oct 2023 | ₺38.5b | ₺15.0b | ₺8.8b | 6x | 4.4x | 2.6x |
| Tue, 29 Aug 2023 | ₺40.2b | ₺15.0b | ₺8.8b | 6.8x | 4.6x | 2.7x |
| Thu, 27 Jul 2023 | ₺38.3b | ₺11.3b | ₺8.0b | 6.2x | 4.8x | 3.4x |
| Sat, 24 Jun 2023 | ₺33.2b | ₺11.3b | ₺8.0b | 4.5x | 4.1x | 2.9x |
| Mon, 22 May 2023 | ₺28.2b | ₺11.3b | ₺8.0b | 3.7x | 3.5x | 2.5x |
| Wed, 19 Apr 2023 | ₺31.8b | ₺9.5b | ₺8.3b | 4.3x | 3.8x | 3.4x |
Price to Earnings Ratio
3.9x
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 20.1x which is higher than its 3-year average PE of 5.3x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 32% per year over the last three years.
- Meanwhile revenues for these companies have grown 48% 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 | 1.88% | |
| Real Estate | -0.027% | |
| Residential REITs | -6.03% | |
| 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 | ₺5.00 | 4.2% +₺282.9m | 133.6% | PB0.7x | |
| ADGYO Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi | ₺28.54 | 1.9% +₺158.6m | n/a | PB1.7x | |
| TDGYO Trend Gayrimenkul Yatirim Ortakligi | ₺13.12 | 18.2% +₺139.4m | 221.6% | PB4.4x | |
| IDGYO Idealist Gayrimenkul Yatirim Ortakligi | ₺7.26 | 10.3% +₺34.0m | 140.4% | PB1.6x |