Trend Gayrimenkul Yatirim Ortakligi AS

Trend Gayrimenkul Yatirim Ortakligi AS

BBIST:TDGYO
4.62
TRY
-0.24
(-4.94%)
5.81EPS
2.75P/E
1.10BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.03
0.45
0.73
0.12
0.59
2.18
1.88
1.16
0.39
0.06
Basic EPS, GAAP
-0.05
0.16
0.12
-0.03
0.4
-0.5
-1.71
-0.12
0.19
5.81
Free Cash Flow per Basic Share
-0.19
-0.33
0.24
0.04
0.77
0.58
-2.32
1.63
0.55
-0.34
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.48
0.64
0.76
0.73
1.14
3.89
4.28
5.49
5.68
12.45
Tangible Book Value per Share
0.48
0.64
0.76
0.73
1.14
3.89
4.28
5.49
5.67
12.45
Basic Weighted Avg Shares
69
69
69
69
69
69
69
69
69
69
Sales/Revenue/Turnover
2
31
51
9
41
150
129
80
27
4
Operating Margin (%)
-93.17
40.08
21.05
-5.34
18.98
47.14
4.98
22.65
-6.63
-624.4
Depreciation Expense
- -
- -
- -
- -
- -
1
2
3
3
1
Net Income, GAAP
-3
11
8
-2
28
-34
-118
-8
13
401
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
241.47
32.95
29.35
Profit Margin (%)
-152.27
34.82
16.16
-20.39
68.35
-22.75
-91.21
-10.43
48.94
10,306.64
Working Capital
41
59
55
56
80
265
286
384
408
1,058
LT Debt
8
15
4
6
2
1
- -
2
1
- -
Total Equity
33
44
52
51
78
268
296
379
392
859
Return on Invested Capital (%)
- -
20.16
17.61
- -
10.87
- -
- -
-7.66
0.91
-2.59
Return on Capital (%)
- -
20.23
17.68
- -
39.74
- -
- -
-2.7
3.45
66.93
Return on Common Equity (%)
- -
28.14
16.93
-3.37
42.96
-19.71
-41.87
-2.48
3.4
67.01

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
69
69
69
Market Capitalization
2,621
1,230
1,103

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
409
650
1,061
Cash, Cash Equivalents & STI
125
338
728
Accounts Receivable, Net
- -
- -
- -
Inventories
276
303
323
Total Current Liabilities
1
1
3
Payables & Accruals
- -
- -
- -
ST Debt
1
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
67.72%
3.46%
Free Cash Flow
- -
217.35%
-66.25%
Net Income, GAAP
- -
-405.14%
-257.03%
Sales/Revenue/Turnover
- -
105.7%
-66.52%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22
7
7
31
80
2025
26
4
- -
1
27
2026
3
- -
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
-0.13
-0.11
0.02
-0.12
2025
0.08
-0.08
-0.23
0.41
0.19
2026
1.99
3.64
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Furkan Eren Zirek
Full Time Employees
7
Sector
Finance
Industry
Real estate investment trusts
Address
Istanbul Turkey
IPO Date
Feb 23, 2018
Business
Trend Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust engaged in the investment, development, management, and leasing of real estate portfolios and property-backed capital market instruments. Founded in 2005 and headquartered in Istanbul, Turkey, the company focuses on creating value through the acquisition, construction, and operation of high-yield commercial and residential properties across key metropolitan markets, with primary operations located in Istanbul and surrounding urban centers. The company's core products and services include residential property development and project execution, encompassing modern multi-family apartment complexes and mixed-use residential units; commercial real estate development and investment, comprising retail units, office facilities, and commercial business spaces; real estate portfolio management and asset allocation, focusing on yield optimization and strategic capital deployment; property leasing and tenant management operations, generating recurring rental income from commercial and residential assets; land acquisition, zoning development, and feasibility planning for future construction projects; and real estate sales, marketing, and transaction brokerage for completed developments. In recent developments, Trend Gayrimenkul Yatirim Ortakligi AS has undertaken corporate and strategic initiatives to strengthen its balance sheet and support expanding operations, including restructuring and increasing its registered capital ceiling subject to regulatory approval by the Capital Markets Board of Turkey (SPK). The company has also pursued active portfolio rebalancing and asset optimization through regular independent property appraisals, targeted land and asset acquisitions, and ongoing sales campaigns for residential and commercial inventories to enhance liquidity and finance new urban development projects.