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

Attachments

  • Original Link
  • Original Document
  • Permalink

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.