Is Gayrimenkul Yatirim Ortakligi : Investor Presentation 30.09.2023
November 09, 2023
Share
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.
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.