OCTOBER 2023
Company Information
Company Name | : TSKB REAL ESTATE INVESTMENT TRUST |
Date of Establishment | : 03.02.2006 |
Share Capital | : 650.000.000 TL |
Listing | : Borsa Istanbul |
Ticker Symbol | : TSGYO |
Address | : Ömer Avni mah. Karun Çıkmazı sok. No:2 |
34427 Fındıklı İstanbul | |
Web-site | : www.tskbgyo.com.tr |
: gyo@tskb.com.tr | |
Phone | : +90 (212) 334 50 20 |
Fax | : +90 (212) 334 50 27 |
Disclaimer:
This presentation must be read with the disclaimer in the Appendix
Contents
The Company | ||
Section I | ||
Section II | Real Estate Portfolio |
Section III | Financial Data |
Section IV | TSGYO Stock Performance |
Section V | Appendix |
Highlights
- Established in 2006 as a real estate investment and development company
- Developer of new projects, has demonstrated its ability to ensure profitable project development
- Asset size grew from TL 12 m (2006) to TL 2.4 bn (2023)
- Strong real estate portfolio with a commercial focus enabling reliable revenues derived from rental income
- Aims to achieve sustainable growth - leasable area up from 3k sqm to approximately 65k sqm
- Income-sharingand joint-venture projects under evaluation
TSKB REIT aims to be a leading player in the Turkish real estate sector
Vision & Mission
Vision
To be a "reliable business partner" with a "pioneering role" in its sector
Mission
To establish and maintain a growing and sustainable investment portfolio with high returns.
Shareholders Structure
Experienced main shareholder, Turkey's oldest and largest investment and development bank TSKB, part of the Is Bank Group
Shareholders | Ratio (%) |
TSKB | 88.74 |
Other Shareholders & Free Float | 11.26 |
Total | 100 |
Other
Shareholders
- Free Float 11.26%
TSKB
88.74%
* As of October 30,2023, listed shares were held by TSKB, thus, the total share of TSKB was 88,74% as of the date given.
The Company is one of the subsidiaries established by TSKB in the real estate
market, demonstrating the parent company's commitment to the sector:
- TSKB Real Estate Investment Company
- TSKB Real Estate Appraisal
Organizational Chart
Management Board
General Manager
Lawyer
Deputy General Manager
Real Estate Asset Management & | Finance & Financial Affairs & | |
Business Development | Investor Relations | |
• Real Estate Asset Management | • |
• Business Development | • |
• Operation | • |
Financial Reporting
Investor Relations
Accounting
- Finance
History
- TSKB REIT established in February(2006)
- TSKB contributed the Tahir Han Building as capital in kind in March (2006)
- Land for Pendorya Shopping Center (PSC) purchased in July (2007)
- Land for Adana hotel project purchased in 50% partnership in November (2007)
- Paid in capital upped from TL 10m to TL 75m in December (2007)
- Fındıklı Buildings added to the Company's portfolio in December (2007)
- TSKB acquired the construction permit for PSC in July (2008)
- TSKB REIT laid the foundation for PSC in November (2008)
- Paid in capital was increased to TL 100m (2008)
- PSC completed and opened to shoppers in December (2009)
- TSKB REIT on the ISE in April (2010)
- Paid in capital was increased to TL 150m (2010)
- Development works for Adana hotel investment project (2010)
- Adana hotel (Divan Adana) investment construction works process (2011)
- Execution of the agreement with Divan Turizm İşletmeleri A.Ş. for the operation of the hotel (2012)
- Adana Hotel investment (Divan Hotel) construction activities (2012 -2015)
- Completion of the Divan Adana Hotel and opening in September (2015)
- Maintain the research to increase the performance of all real estates by continuing the operation of Divan Adana Hotel and Pendorya Shopping Mall (2016)
- Paid in capital was increased TL 300m (2018)
2023
- Paid in capital was increased TL 500 m (September 2020)
- Paid in capital was increased TL 650 m (October 2021)
- Asset size grew from TL 12 m (2006) to TL 2.4 bn (2023)
Investment Strategy
Industrial and Geographical Focus
- TSKB REIT's investment strategy is concentrated on commercial real estate due to the regular rent income and cash flow pattern which can be obtained from these kinds of assets.
- Business and shopping centers, tourism facilities, logistic warehouses and industrial plants are typical investment projects that the Company would like to add to its real estate portfolio.
- Residential investments can be another area of attraction as a part of a mixed use project or with respect to their potential profitability in stand-alone cases.
The Goal of Growth by Project Development
- TSKB REIT adheres to an investment strategy which seeks to take a project from its initial conception and to develop it, to organize all project-essential activities in the developmental process, and to complete the project in such a way as to ensure its viability.
- By holding onto the investments which are added to its property portfolio on a long-term basis, the Company's aim is not only to achieve sustainable growth but also to take advantage of the likely appreciation in the properties' value in the long run.
Risk Calculation
- TSKB REIT engages in a painstaking planning process in order to minimize risk factors as much as possible by verifying a project's commercial viability before starting it, making sure that the financial resources required by the project will be available, and ensuring that the project is in compliance with existing laws and regulations.
Section I | The Company |
Section II | Real Estate Portfolio | |
Section III | Financial Data |
Section IV | TSGYO Stock Performance |
Section V | Appendix |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
TSKB Gayrimenkul Yatirim Ortakligi AS published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 09:23:05 UTC.