Torunlar Gayrimenkul Yatirim Ortakligi A.S.
BBIST:TRGYO86.30
TRY
-0.55
(-0.63%)
ISIN
TRETRGY00018
Return %
Stock
S&P 500
1Y
11.86
14.20
3Y
176.25
81.12
5Y
2,201.33
68.34
Capital Structure
TRY
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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
•
in mil. unless spec.Company Description
- CEO
- Aziz Torun
- Full Time Employees
- 189
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Rüzgarlibahçe Mahallesi Istanbul Turkey 34805
- IPO Date
- Oct 21, 2010
- Website
- torunlargyo.com.tr
- Similar Companies
- Business
- Torunlar Gayrimenkul Yatirim Ortakligi AS (TRGYO.IS) is a Turkey-based real estate investment trust engaged in the development, ownership, management, and operation of commercial real estate assets, including shopping malls, offices, hotels, residential properties, entertainment facilities, and marinas. The company offers a diverse portfolio encompassing core products and services such as premium shopping centers (including Mall of Istanbul, Torium, and Deepo Outlet Center), mixed-use developments with residential units exceeding 5,000 completed homes, office spaces, hospitality assets like Hilton Mall of Istanbul and Crowne Plaza Hotel, marinas such as Netsel Marina in Marmaris, entertainment areas totaling 16,000 square meters with 25,846 square meters across 10 stages and cinemas, and logistics facilities; it generates revenues primarily from rental income, property sales, and asset management across a gross leasable area of 538,000 square meters with a portfolio value of 118.9 billion Turkish lira as of mid-2025. Founded in 1996 as Toray Construction Industry and Trade Inc. and restructured as Torunlar Real Estate Investment Partnership Inc. in 2008, the company is headquartered in Beykoz, Istanbul, Turkey, operates exclusively within the country targeting urban consumer, retail, office, and hospitality markets, and maintains full consolidation of subsidiary TRN Otel Isletmeciligi AS for hotel management alongside joint ventures like TTA Gayrimenkul Yatirim Gelistirme AS for shopping mall projects such as Bulvar Samsun Mall and associates including Yeni Gimat GYO AS (owner of Ankamall) and Netsel Tourism. Recent developments include a significant financial turnaround in the first nine months of 2025 with consolidated net profit of 6.7 billion Turkish lira driven by 1.79 billion Turkish lira in investment property revaluation gains, revenue growth of 7.6% to 6.93 billion Turkish lira, and 727 million Turkish lira in capital expenditures focused on modernizing existing shopping malls and advancing development projects like the second phase of key initiatives; the company also reported portfolio expansions through organic asset growth of 67% from 2020-2025 via mixed-use mega-projects, strong operational margins of 72.8%, and robust cash positions enabling strategic investments amid low debt levels, with ongoing enhancements such as new brand integrations at Mall of Istanbul and renovations boosting visitor numbers and revenues at Torium. As a member of the Torun Group with ultimate control by the Torun Family, it employs approximately 196 personnel and lists its shares on Borsa Istanbul since 2010.