Is Gayrimenkul Yatirim Ortakligi : Investor Presentation 31.12.2023
March 13, 2024 at 07:24 am EDT
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isgyo.com.tr
Sınıflandırma: GENEL | Classification: PUBLIC
INVESTOR PRESENTATION
31.12.2023
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 14.870 mn
TL 33.155 mn
Total Mcap of the sector is ~ TL 330 bn.
TL 27.033 mn
TL 30.399 mn
TL 21.100 mn
TL 872 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 51%, project 30%, retail 18%
Solid & growing rental income
~TL 872 mn rental income for 2023
Financially strong tenants & long-term leases
44% of the rental income comes from İş Group
Share of investment models with long-term leases (Turn-key 25 years, B.O.T. 72 years) is ~54%.
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
15.534
51,1%
Retail
5.566
18,3%
21.100
69,4%
Project
8.966
29,5%
Land
101
0,3%
Inventories
230
0,8%
Total
30.398
100%
Inventories;
Land; 0,3%
0,8%
Projects;
29,5%
Office;
Retail;
51,1%
Rental Portfolio
18,3%
Sınıflandırma: GENEL | Classification: PUBLIC
RENTAL PORTFOLIO
Sınıflandırma: GENEL | Classification: PUBLIC
Office Investments
İş Towers
İş Towers
Ankara İş Tower
TUTOM
Maslak Office
Tower 2
Tower 3
Office Lamartine
2023 Rental
TL 301
TL 80 mn
TL 56 mn
TL 27 mn
Income
mn
Appraisal
TL 6.587
TL 3.258
TL 3.307
TL 2.382 mn
Value
mn
mn
mn
% share in
office
42%
21%
22%
investments
48%
20%
19%
Represent 85% of the total office investments. (TL 13.152 mn)
Office Portfolio
TL, mn
Represent 94% of the total office rental income. (TL 437 mn)
Appraisal Value
15.534
Rental Income, 2023
464
Sınıflandırma: GENEL | Classification: PUBLIC
Retail Investments
Kanyon
Marmara
Ege Perla
Shopping
Others
Park AVM
AVM
Center *
2023 Rental
TL 186 mn
TL 174 mn
TL 25 mn
TL 23 mn
Income
Appraisal Value TL 2.450 mn
TL 1.750 mn
TL 672 mn
TL 694 mn
49%
20%
21%
49%
20%
21%
% share in retail
43%
32%
12%
investments
Represent 88% of the total retail investments. (TL 4.872 mn) Represent 94% of the total retail rental income. (TL 385 mn)
*Represents ISGYO's 50% share.
Retail Portfolio
TL, mn
Appraisal Value
5.566
Rental Income, 2023
408
Sınıflandırma: GENEL | Classification: PUBLIC
REAL ESTATE PROJECTS
Sınıflandırma: GENEL | Classification: PUBLIC
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Disclaimer
Is Gayrimenkul Yatirim Ortakligi AS published this content on
13 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
13 March 2024 11:23:21 UTC.
Is Gayrimenkul Yatirim Ortakligi AS (Is GYO) is a real estate investment trust, primarily engaged in the investment and development of real estate projects in Turkey. The majority of its real estate portfolio is made up of office buildings, shopping centers and hypermarkets, land, hotels, money and capital market instruments, as well as other projects. Some of the Companyâs properties include Is Towers Complex, Kanyon Project, Real Hypermarket Building, Cinari Bahce Tuzla, Taksim Office Project, as well as such planned projects, as Tuzla Land and Izmir Project. Is Gayrimenkul Yatirim Ortakligi AS is a member of the Is Group. As of December 15, 2011, it owned 50% shares of Kanyon yonetim Isletim Ve Pazarlama Ltd.Sti. and Nesti in Globe (NIC) B.V.
IS GAYRIMENKUL YATIRIM ORTAKLIGI 
