Akfen Gayrimenkul Yatirim Ortakligi A.S.

Akfen Gayrimenkul Yatirim Ortakligi A.S.

BBIST:AKFGY
2.27
TRY
-0.05
(-2.16%)
0.43EPS
6.49P/E
10.76BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.04
0.05
0.05
0.05
0.06
0.1
0.49
0.07
0.15
0.36
0.54
0.41
0.42
0.48
Basic EPS, GAAP
0.12
- -
-0.05
-0.26
0.04
0.11
0.17
-0.24
1.68
0.51
0.36
0.48
0.67
0.43
Free Cash Flow per Basic Share
0.03
0.04
0.04
0.03
0.06
- -
0.18
0.08
0.07
0.54
0.44
-0.13
0.31
0.4
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.9
0.83
0.78
0.56
0.61
0.75
0.97
0.72
1.65
4.91
5.81
7.78
8.38
9.82
Tangible Book Value per Share
0.9
0.83
0.78
0.56
0.61
0.75
0.97
0.72
1.65
4.91
5.81
7.78
8.38
9.82
Basic Weighted Avg Shares
994
994
994
994
994
994
994
994
1,237
2,611
2,941
3,900
3,882
3,860
Sales/Revenue/Turnover
41
51
54
54
64
98
482
65
191
946
1,581
1,592
1,646
1,858
Operating Margin (%)
66.82
105.84
73.6
65.22
72.31
72.03
30.97
76.14
88.14
92.28
88.58
88.65
83.33
84.63
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
3
7
8
1
1
1
Net Income, GAAP
118
-2
-47
-257
39
104
165
-240
2,084
1,333
1,049
1,891
2,612
1,642
Effective Tax Rate (%)
14.91
- -
- -
- -
46.42
35.84
15.73
- -
10.59
11.83
- -
44.77
37.09
58.89
Profit Margin (%)
285.98
-4.8
-87.76
-474.18
62.02
106.49
34.31
-369.38
1,088.16
140.84
66.34
118.81
158.69
88.4
Working Capital
-62
-87
-21
-54
-131
-76
-118
-489
-2
76
4,587
3,715
2,664
4,045
LT Debt
412
424
690
754
867
1,302
1,349
1,451
1,814
4,091
6,297
3,944
4,473
5,311
Total Equity
933
856
804
561
608
744
960
718
4,353
13,033
22,787
30,583
32,919
38,584
Return on Invested Capital (%)
15.45
- -
- -
- -
9.11
16.48
12.34
- -
53.45
6.42
- -
5.46
5.91
3.88
Return on Capital (%)
10.27
- -
- -
- -
4.53
8.77
11.13
- -
48.32
14.8
- -
6.58
7.74
4.74
Return on Common Equity (%)
14.08
-0.28
-5.88
-38.98
6.93
15.87
19.93
-29.52
83.56
15.58
5.92
7.14
8.29
4.96

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
960
1,158
1,162
LT Borrowings
4,396
5,138
5,230
LT Finance Leases
76
80
81
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,900
3,900
3,900
Market Capitalization
10,023
10,413
10,764

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,857
5,684
6,078
Cash, Cash Equivalents & STI
1,163
1,752
1,552
Accounts Receivable, Net
471
303
554
Inventories
3,010
3,416
3,781
Total Current Liabilities
2,192
1,965
2,033
Payables & Accruals
- -
- -
- -
ST Debt
960
1,158
1,162
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
82.67%
164.48%
7.64%
Free Cash Flow
-715.76%
231.68%
-334.26%
Net Income, GAAP
-59.61%
-181.12%
38.1%
Sales/Revenue/Turnover
103.71%
131.91%
3.39%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
252
373
482
338
1,592
2025
289
537
478
479
1,646
2026
408
492
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.29
0.04
0.02
0.48
2025
0.24
0.08
0.08
0.31
0.67
2026
0.02
0.01
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Ece Demirpençe
Full Time Employees
21
Sector
Finance
Industry
Real estate investment trusts
Address
Istanbul Turkey
IPO Date
May 11, 2011
Business
Akfen Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust engaged in the development, investment, ownership, and portfolio management of hospitality, commercial, educational, and residential real estate assets. Founded in 1997 as Aksel Turizm Yatirimlari ve Isletmecilik A.S. and restructured into a real estate investment trust in 2006, the company is headquartered in Istanbul, Turkey, and operates as a core subsidiary of Akfen Holding. The company's diversified asset portfolio comprises: Contemporary City Hotels, consisting of nineteen properties developed and leased under long-term agreements with Accor Group under the Novotel and ibis brands across metropolitan centers in Turkey (including Istanbul, Ankara, Izmir, Bursa, Adana, Eskişehir, Gaziantep, Kayseri, and Trabzon) and the Russian Federation (including Moscow, Yaroslavl, Samara, and Kaliningrad); Luxury Resort Hospitality, featuring upscale resort properties including the Bodrum Loft holiday village in Mugla; Student Accommodation, comprising modern student dormitory complexes located in Isparta and Kutahya; Commercial and Transit-Oriented Real Estate, encompassing commercial office assets and integrated food, beverage, and retail hubs; and Luxury Residential and International Real Estate, including high-end residential villa developments and international multi-family and senior living communities. In recent strategic developments, the company broadened its commercial revenue base by launching Terminal Kadikoy, an extensive transit-oriented retail and cultural center at the Sogutlucesme railway hub in Istanbul developed through its wholly-owned subsidiary Firatcan Insaat, which opened in May 2025; progressed construction on the Yalikavak Loft luxury villa project in Bodrum scheduled for delivery in early 2026; expanded its geographic presence into the United States market through indirect equity ownership in Florida residential and senior housing projects, including EO at Fountains and EA at Fountains; advanced capacity and facility expansion plans for the Bodrum Loft resort; and maintained active capital management through corporate share repurchase programs on Borsa Istanbul.