Halk Gayrimenkul Yatirim Ortakligi AS
BBIST:HLGYO3.73
TRY
-0.18
(-4.60%)
ISIN
TREHLGY00016
Return %
Stock
S&P 500
1Y
2.75
14.20
3Y
56.46
81.12
5Y
223.18
68.34
Capital Structure
TRY
•
in mil. unless spec.Working Capital
TRY
•
in mil. unless spec.Growth Rates
TRY
•
in mil. unless spec.Quarterly Revenue
TRY
•
in mil. unless spec.Quarterly Earnings Per Share
TRY
•
in mil. unless spec.Quarterly Dividends Per Share
TRY
•
in mil. unless spec.Company Description
- CEO
- Yavuz Ozturk
- Full Time Employees
- 48
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Istanbul Turkey
- IPO Date
- Feb 22, 2013
- Website
- halkgyo.com.tr
- Similar Companies
- Business
- Halk Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust engaged in the investment, development, leasing, and management of real estate assets, property development projects, and property-backed capital market instruments. Founded in October 2010 as a subsidiary of Turkiye Halk Bankasi AS and headquartered at the Istanbul Financial Center in Umraniye, Istanbul, the company operates under Capital Markets Board regulations and trades on the Borsa Istanbul under the ticker HLGYO. The company manages a diversified portfolio spanning commercial, residential, hospitality, and industrial property assets across Turkey, generating revenues through long-term lease agreements, development sales, and capital appreciation. Its core products and services comprise commercial office properties, highlighted by the Halk Office Towers within the Istanbul Financial Center; nationwide retail and bank branch premises leased primarily to financial institutions and corporate tenants; residential and mixed-use developments, including large-scale urban communities developed independently or through joint ventures such as Bizimtepe Aydos, Evora Izmir, and Konum Istanbul; hospitality real estate assets, including hotel properties such as Istanbul Levent Hotel, Salipazari Hotel, and Beyoglu Hotel; industrial and logistics parks, such as the Dilovasi Modern Industrial Site; project development, architectural management, and construction oversight conducted via its wholly owned subsidiary Halk Yapi Projeleri Gelistirme AS; comprehensive property and asset management, lease administration, and tenant management services; and real estate-backed capital market instruments, including lease certificates and sukuk issuances. Halk GYO serves institutional clients, commercial businesses, public and private banking networks, hospitality operators, and individual residential buyers across major metropolitan and commercial hubs in Turkey, with primary concentrations in Istanbul, Ankara, Izmir, and Kocaeli. In recent developments, Halk GYO has executed successive equity capital increases through rights and bonus share issuances to expand its capital base and support its ongoing pipeline of large-scale projects. The company advanced the commercialization of its prime assets at the Istanbul Financial Center, securing municipal construction permits for new mixed-use stages and granting executive authorization for the sale and leasing of office units within the Halk Office Towers. Expanding beyond traditional commercial and residential sectors, Halk GYO entered the modern light industrial and logistics market with the development of the multi-unit Dilovasi Modern Industrial Site in Kocaeli, executing strategic land and asset transactions with parent entity Turkiye Halk Bankasi AS. Additionally, the company progressed the development and sales phases of key regional joint venture projects, including Evora Izmir, while maintaining liquidity through structured debt instruments and capital market programs.