Vakif Gayrimenkul Yatirim Ortakligi Anonim Sirketi

Vakif Gayrimenkul Yatirim Ortakligi Anonim Sirketi

BBIST:VKGYO
1.47
TRY
-0.03
(-2.00%)
0.11EPS
19.10P/E
9.42BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
0.1
0.02
0.04
0.08
1.65
0.47
1.81
0.61
0.59
Basic EPS, GAAP
- -
0.04
0.04
0.02
0.04
0.01
0.1
0.04
0.15
0.43
0.44
0.9
0.18
0.11
Free Cash Flow per Basic Share
- -
-0.05
- -
-0.01
-0.05
-0.04
- -
0.23
0.05
0.48
-0.24
0.19
0.47
0.18
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.98
0.39
0.4
0.43
0.46
0.48
0.52
0.51
0.6
2.12
3.55
5.4
5.58
6.57
Tangible Book Value per Share
2.98
0.39
0.4
0.43
0.46
0.47
0.52
0.5
0.59
2.12
3.54
5.4
5.58
6.57
Basic Weighted Avg Shares
1,062
1,541
2,109
2,033
2,033
1,989
981
2,675
3,192
4,092
4,399
4,400
4,400
4,400
Sales/Revenue/Turnover
2
3
3
3
3
191
22
120
248
6,734
2,048
7,958
2,674
2,589
Operating Margin (%)
4.51
-45.1
-89.47
-430.49
-210.55
9.58
-14.49
41.75
58.93
11.14
38.48
15.33
52.85
48.13
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
1
3
5
7
5
4
Net Income, GAAP
4
58
74
42
75
27
96
119
475
1,747
1,928
3,975
781
493
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
42.18
57.28
70.2
Profit Margin (%)
186.41
2,209.9
2,512.56
1,371.01
2,337.53
14.24
438.43
99.18
191.22
25.94
94.18
49.96
29.19
19.05
Working Capital
55
318
254
204
36
-15
-154
179
365
952
3,858
3,445
3,923
3,950
LT Debt
1
- -
- -
- -
- -
171
151
289
195
168
15
- -
- -
- -
Total Equity
358
748
823
865
940
967
1,064
1,444
2,441
8,682
15,600
23,776
24,557
28,898
Return on Invested Capital (%)
0.04
6.22
5.48
1.62
6.98
2.02
7.01
8.04
21.18
24.88
18.89
21.75
4.15
2.92
Return on Capital (%)
1.63
10.4
9.44
5.03
8.35
2.85
7.51
8.01
21.19
30.27
16.63
20.13
3.23
1.95
Return on Common Equity (%)
1.58
10.4
9.44
5.03
8.35
2.85
9.47
9.46
24.43
31.4
15.88
20.19
3.23
1.95

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,400
4,400
4,400
Market Capitalization
8,556
8,832
9,418

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,216
7,708
6,552
Cash, Cash Equivalents & STI
3,240
2,410
300
Accounts Receivable, Net
386
393
406
Inventories
1,393
4,618
5,528
Total Current Liabilities
1,293
1,986
2,602
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.25%
92.01%
3.28%
Free Cash Flow
6,764.3%
164.73%
153.21%
Net Income, GAAP
85.25%
120.88%
-80.37%
Sales/Revenue/Turnover
906.03%
574.57%
-66.39%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,092
3,348
1,746
281
7,958
2025
889
530
535
933
2,674
2026
642
478
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.13
0.79
0.19
0.02
0.9
2025
0.04
0.12
- -
0.03
0.18
2026
0.04
0.04
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Onur Incehasan
Full Time Employees
42
Sector
Finance
Industry
Real estate investment trusts
Address
Istanbul Turkey
IPO Date
Dec 26, 1996
Business
Vakif Gayrimenkul Yatirim Ortakligi Anonim Sirketi (Vakif REIT) is a Turkey-based real estate investment trust engaged in the development, investment, management, and leasing of real estate properties, real estate-backed projects, rights, and capital market instruments. Founded in 1996 as Turkey's first real estate investment trust and headquartered in Istanbul, Turkey, the company operates as a subsidiary of Turkiye Vakiflar Bankasi T.A.O. (VakifBank). Vakif REIT's core operations and portfolio offerings comprise property development across residential, office, and commercial sectors; real estate investment and asset portfolio management; property leasing and commercial facility management; real estate sales and marketing of mixed-use developments, residential complexes, and commercial units; and land acquisition and urban project development. The company's key property and project portfolio includes high-profile commercial and residential assets such as the Vakif Towers in the Istanbul Financial Center, Nidapark Kucukyali, Tablo Adalar in Istanbul, and Cubes Ankara, serving individual homebuyers, institutional investors, and corporate commercial tenants across major Turkish metropolitan regions including Istanbul, Ankara, and Izmir. In recent developments, Vakif REIT has focused on expanding its project portfolio and bolstering balance sheet liquidity through capital increases, advancing residential handovers and commercial leasing operations within the Istanbul Financial Center complex, and entering into strategic development partnerships and contractor agreements for urban regeneration and large-scale mixed-use developments across Turkey.