Servet Gayrimenkul Yatirim Ortakligi AS
BBIST:SRVGY1.89
TRY
-0.11
(-5.50%)
Servet Gayrimenkul Yatirim Ortakligi AS
BIST:SRVGY
(Istanbul Exchange)
Recent
price
1.89
P/E
ratio
3.00
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Servet Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust engaged in the investment, development, acquisition, management, and leasing of commercial, industrial, retail, and mixed-use real estate assets. Operating as a subsidiary within the Sinpas Group, the company focuses on generating stable rental cash flows, capital appreciation, and long-term asset value optimization across domestic and international markets. The company provides real estate investment and asset management services across diversified property segments, including retail property development, operation, and leasing centered on shopping centers and factory outlet complexes; industrial real estate management encompassing production facilities, light industrial workshops, and specialized manufacturing buildings; logistics and warehousing asset operations featuring distribution centers and storage units; commercial office building management and corporate workspace leasing; and residential and mixed-use urban real estate development, encompassing multi-unit residential spaces, apart-units, and integrated commercial street retail properties. The company's primary property portfolio includes the Deposite Outlet Center, a major retail outlet shopping mall in Basaksehir, Istanbul; Boulevard Sefakoy, a multi-unit residential, apart, and commercial mixed-use project in Kucukcekmece, Istanbul; Celik & Torun Endustri Merkezi, an industrial facility; Celik & Ozer Is Merkezi, a commercial business center; Celik & Tuzun Lojistik Merkezi, a logistics and distribution center; and the Neckermann commercial and logistics real estate complex in Frankfurt, Germany, held and managed through its foreign operating subsidiary, OSWE Real Estate GmbH. Headquartered in Istanbul, Turkey, and founded in May 2009, the company serves institutional investors, corporate tenants, commercial retailers, and private residential buyers across Turkey and Germany. In recent major developments, Servet Gayrimenkul Yatirim Ortakligi AS executed a comprehensive capital restructuring by completing a 6,150 percent bonus share capital increase, raising its issued capital from TRY 52 million to TRY 3.25 billion funded entirely from internal reserves, while simultaneously initiating the expansion of its registered capital ceiling to TRY 16.25 billion to accommodate operational expansion. Operationally, the company exercised its repurchase option to reacquire a 20 percent equity interest in OSWE Real Estate GmbH, consolidating its strategic ownership in German commercial property and logistics infrastructure. The company also expanded its domestic mixed-use project execution through advanced independent unit valuations, portfolio integration, and unit commercialization at the Boulevard Sefakoy development in Istanbul. Furthermore, the company authorized a TRY 1.0 billion multi-tranche cash dividend distribution program for shareholders and implemented key corporate governance updates, including transitions in independent board directorships and investor relations leadership.