Akmerkez Gayrimenkul Yatirim Ortakligi A.S.
BBIST:AKMGY175.70
TRY
-5.30
(-2.93%)
ISIN
TREAKMG00018
Return %
Stock
S&P 500
1Y
-20.86
14.39
3Y
40.34
81.42
5Y
382.16
68.62
Capital Structure
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in mil. unless spec.Working Capital
TRY
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in mil. unless spec.Growth Rates
TRY
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in mil. unless spec.Quarterly Revenue
TRY
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in mil. unless spec.Quarterly Earnings Per Share
TRY
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in mil. unless spec.Quarterly Dividends Per Share
TRY
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in mil. unless spec.Company Description
- CEO
- Süleyman Hakan Tümkaya
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Istanbul Turkey
- IPO Date
- Apr 15, 2005
- Website
- akmerkez.com.tr
- Similar Companies
- Business
- Akmerkez Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust engaged in the investment, development, ownership, leasing, and property management of prime commercial, office, and residential real estate assets. Founded on December 8, 1989, and headquartered in Besiktas, Istanbul, Turkey, the company converted into a real estate investment trust in February 2005 and is publicly traded on Borsa Istanbul under the ticker symbol AKMGY. The company operates under a strategic shareholder structure led by European commercial property group Klepierre, Turkish industrial and commercial conglomerates Akkok Holding A.S. and Tekfen Holding A.S., alongside institutional and public equity investors. The company's core operations are centered on the ownership and comprehensive management of the landmark Akmerkez mixed-use complex in the Etiler neighborhood of Istanbul. Its principal revenue-generating products and service offerings comprise: commercial retail space leasing, encompassing multistory retail units accommodating global and domestic fashion brands, department stores, luxury specialty shops, consumer electronics, and cosmetics retailers; food and beverage space leasing, providing leased facilities for casual and fine-dining restaurants, fast-casual food court operators, and international cafe franchises; entertainment and leisure space leasing, including modern multiscreen cinema complexes and recreational spaces; corporate office leasing, providing Class A office spaces within the Akmerkez Office Towers to multinational corporations, financial institutions, and professional services firms; residential property leasing, offering serviced residential apartments and apart-hotel units within the Akmerkez Residence tower; facility and property management services, encompassing tenant relationship administration, 24/7 on-site security, technical maintenance, janitorial operations, event hosting, and multistorey parking facility operations; and real estate investment and portfolio asset management, including property valuation, capital allocation, lease yield optimization, and investments in real estate-backed capital market instruments under Turkish Capital Markets Board regulations. The company primarily serves institutional corporate tenants, multinational commercial retailers, high-income residential occupants, and retail consumers across the metropolitan Istanbul market. Geographically, all of its core property management and leasing operations are situated in Istanbul, Turkey. In recent operational and corporate developments, the company obtained regulatory authorization from the Capital Markets Board of Turkey to extend the validity of its 75 million Turkish Lira registered capital ceiling through the 2025 to 2029 period. The trust has expanded its corporate sustainability and environmental, social, and governance reporting initiatives in alignment with Global Reporting Initiative standards, implementing energy efficiency, waste minimization, and sustainable building management programs throughout the Akmerkez complex. The company has actively executed tenant mix optimizations, modernizing commercial and cinema leasing contracts and completing annual independent real estate lease valuation assessments across its retail and office properties. Furthermore, the company maintains an active shareholder capital return strategy through regular annual dividend distributions and interim advance dividend payouts, while effectively managing administrative and municipal compliance proceedings to protect asset operations.