ASCE GAYRIMENKUL YATIRIM ORTAKLIGI A.S.
BBIST:ASGYO8.97
TRY
-0.16
(-1.75%)
ASCE GAYRIMENKUL YATIRIM ORTAKLIGI A.S.
BIST:ASGYO
(Istanbul Exchange)
Recent
price
8.97
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- ASCE Gayrimenkul Yatırım Ortaklığı A.Ş. is a Türkiye-based real estate investment trust (REIT) engaged in property development, real estate investment, land acquisition, and commercial asset management. Founded in 2010 by industrialist Abdulkadir Konukoğlu and headquartered in Gaziantep, Türkiye, the company develops residential, commercial, and mixed-use real estate projects, while managing a large portfolio of strategic land reserves across key Turkish markets including Gaziantep, Ankara, Istanbul, and Sakarya. ASCE Gayrimenkul Yatırım Ortaklığı A.Ş. offers a diversified range of property products and real estate services, which are organized into luxury and multi-family residential developments, encompassing modern apartment complexes, luxury high-rises, and lifestyle housing projects such as ASCE Zenith in Ankara, ASCE Ortaköy in Ankara, ASCE Marmara, ASCE Sarıyer, ASCE Butik, ASCE Karanfil, and ASCE Şelale Konakları; commercial and mixed-use real estate, comprising purpose-built business centers, office complexes, and retail units such as the ASCE Cadde commercial project in Gaziantep; land banking and plot development services, focusing on the procurement, zoning, infrastructure preparation, and appreciation of strategic land parcels for residential and commercial monetization; and property leasing and portfolio management, consisting of the active rental, maintenance, and asset oversight of revenue-generating commercial real estate units and retail spaces. In recent strategic developments, the company completed its initial public offering on Borsa Istanbul under the ticker ASGYO in August 2023, channeling public proceeds toward the expansion of its active construction pipelines and project financing. ASCE Gayrimenkul Yatırım Ortaklığı A.Ş. has expanded its geographic operations through significant new project agreements and strategic partnerships, including signing construction contracts for a 21,707-square-meter parcel in Sincan, Ankara, and executing land and revenue-sharing development initiatives in the Başakşehir district of Istanbul. Additionally, the company has integrated advanced earthquake-resilient architectural standards and seismic base-isolation technologies across its newly launched developments, enacted corporate share buyback programs on Borsa Istanbul, and executed dividend distribution plans to return capital to shareholders.