Is Gayrimenkul Yatirim Ortakligi : Investor Presentation 31.03.2024
May 24, 2024 at 10:46 am EDT
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isgyo.com.tr
Sınıflandırma: GENEL | Classification: PUBLIC
INVESTOR PRESENTATION
31.03.2024
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 14.122 mn
TL 37.392 mn
Total Mcap of the sector is ~ TL 384 bn.
TL 31.001 mn
TL 31.239 mn
TL 21.100 mn
TL 307 mn
Shareholder Structure By Ownership
15%
Almost 65% of the capital is held by Is Group
52%
33%
37% of the capital is in free float
Isbank
Other
Isbank Group Companies
*Figures from MKK as of 26.03.2024
Sınıflandırma: GENEL | Classification: PUBLIC
Why İş REIC?
Diversified real estate portfolio
Office 50%, project 31%, retail 18%
Solid & growing rental income
~TL 307 mn rental income for 2024-Q1
Financially strong tenants & long-term leases
40% 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 ~54%.
No foreign currency debt
Sınıflandırma: GENEL | Classification: PUBLIC
REAL ESTATE PORTFOLIO
Sınıflandırma: GENEL | Classification: PUBLIC
Real Estate Portfolio
Real Estate Portfolio Value
Inventories
Land; 0,3%
; 0,9%
Projects;
TL mn
% Share
Office
15.534
49,7%
Retail
5.566
17,8%
21.100
67,5%
31,3%
Rental Portfolio
Retail;
17,8%
Office;
49,7%
Project
9.771
31,3%
Land
101
0,9%
Inventories
267
0,3%
Total
31.239
100%
Ankara;
İzmir; 2,2%
Other;
2,2%
0,4%
Istanbul; 95,3%
Sınıflandırma: GENEL | Classification: PUBLIC
RENTAL PORTFOLIO
Sınıflandırma: GENEL | Classification: PUBLIC
Office Investments
Ankara İş Tower
TUTOM
İş Towers
Maslak Office
Office Lamartine
2024-Q1
Rental
TL 94 mn
TL 44 mn
TL 8 mn
Income
Appraisal
TL 6.587
TL 6.565
TL 2.382 mn
Value
mn
mn
% share in
office
42%
43%
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 138 mn)
Appraisal Value
15.534
Rental Income, 2023
146
Sınıflandırma: GENEL | Classification: PUBLIC
Retail Investments
Kanyon
Marmara
Ege Perla
Shopping
Others
Park AVM
AVM
Center *
2024-Q1 Rental
TL 55 mn
TL 92 mn
TL 7 mn
TL 2 mn
Income
Appraisal Value TL 2.450 mn
TL 1.750 mn
TL 672 mn
21%
TL 694 mn
49%
20%
49%
20%
21%
% share in retail
43%
32%
12%
investments
Represent 88% of the total retail investments. (TL 4.872 mn) Represent 99% of the total retail rental income. (TL 154 mn)
*Represents ISGYO's 50% share.
Retail Portfolio
TL, mn
Appraisal Value
5.566
Rental Income, 2024-Q1
156
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
24 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
24 May 2024 14:45:10 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 
