isgyo.com.tr | Sınıflandırma: GENEL | Classification: PUBLIC |
INVESTOR PRESENTATION
30.09.2023
Sınıflandırma: GENEL | Classification: PUBLIC
About İş REIC
IS REIC was established in 1999, by the strategic partnership of Isbank.
- Mcap
- Asset Size
- Equity Size
- Real Estate Portfolio
- Rental Portfolio Size
- Rental Income for 2023/9M
TL 22.684 mn
TL 23.466 mn | Total Mcap of the sector is ~ TL 339 bn. |
TL 18.824 mn | *Excluding Başkentgaz REIC |
TL 21.573 mn | |
TL 16.078 mn | |
TL 493 mn |
Shareholder Structure By Ownership
13% | Almost 65% of the capital is held by Is Group |
52%
35%
37% of the capital is in free float
Isbank | Other | Isbank Group Companies |
*Figures from MKK as of 21.03.2023
Sınıflandırma: GENEL | Classification: PUBLIC
Why İş REIC?
Diversified real estate portfolio
Office 56%, project 25%, retail 19%
Solid & growing rental income
~TL 493 mn rental income for 9M 2023
Financially strong tenants & long-term leases
45% of the rental income comes from İş Group
Share of İnvestment models with long-term leases (Turn-key 25 years, B.O.T. 72 years) is ~57%.
No foreign currency debt
Strong shareholder structure
Sınıflandırma: GENEL | Classification: PUBLIC
REAL ESTATE PORTFOLIO
Sınıflandırma: GENEL | Classification: PUBLIC
Real Estate Portfolio
Real Estate Portfolio Value
TL mn | % Share | |
Office | 12.044 | 55,8% |
Retail | 4.034 | 18,7% |
16.078 | 74,5% | |
Project | 5.365 | 24,9% |
Land | 79 | 0,4% |
Inventories | 50 | 0,2% |
Total | 21.573 | 100% |
Rental Portfolio
Sınıflandırma: GENEL | Classification: PUBLIC
RENTAL INCOME
Sınıflandırma: GENEL | Classification: PUBLIC
Office Investments
2023 9M Rental Income
Appraisal Value
- share in office investments
İş Towers | İş Towers | Ankara İş Tower | |
TUTOM | Maslak Office | ||
Tower 2 | Tower 3 | ||
Office Lamartine | |||
TL 177 | TL 44 mn | TL 29 mn | TL 16 mn |
mn | |||
TL 5.117 | TL 2.548 | TL 2.669 | TL 1.710 mn |
mn | mn | mn | |
42% | 21% | 22% | |
48% | 20% | 19% |
Represent 85% of the total office investments. (TL 10.334 mn)
Office Portfolio | mn TL | |
Represent 94% of the total office rental income. (TL 250 mn) | ||
Appraisal Value | 12.044 | |
Rental Income 2023 H1 | 266 | |
Sınıflandırma: GENEL | Classification: PUBLIC
Retail Investments
Kanyon | Marmara | Ege Perla | |||
Shopping | Others | ||||
Park AVM | AVM | ||||
Center * | |||||
2023 9M Rental | TL 100 mn | TL 102 mn | TL 13 mn | TL 12 mn | |
Income | |||||
Appraisal Value TL 1.735 mn | TL 1.298 mn | TL 471 mn | TL 530 mn | ||
49% | 20% | 21% | |||
49% | 20% | 21% | |||
% share in retail | 43% | 32% | 12% | ||
investments | |||||
Represent 87% of the total retail investments. (TL 3.504 mn) Represent 95% of the total retail rental income. (TL 215 mn)
*İş GYO'nun %50 payını temsil etmektedir.
Retail Portfolio | mn TL |
Appraisal Value | 4.034 |
Rental Income for 2023 9M | 227 |
Sınıflandırma: GENEL | Classification: PUBLIC
PROJECTS
UNDER DEVELOPMENT
Sınıflandırma: GENEL | Classification: PUBLIC
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Disclaimer
Is Gayrimenkul Yatirim Ortakligi AS published this content on 09 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 12:26:00 UTC.