Revenue distribution by industry:

• Retail: 45%
• Office real estate: 30%
• Residential real estate: 15%
• Other (e.g. hotels, mixed-use properties): 10%

TOP 3 markets and their percentage shares:

• Istanbul: 60%
• Ankara: 25%
• Izmir: 10%

Torunlar Gayrimenkul Yatirim Ortakligi A.S. generates the majority of its revenue from the retail sector, followed by office and residential real estate. The market in Istanbul is the most significant, attributed to the high population density and economic importance of the city. Ankara and Izmir are also important markets, together accounting for a substantial portion of the revenue.

Production: No physical production

Torunlar Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment company and does not engage in physical production. Instead, the company focuses on acquiring, developing, and managing real estate projects, particularly in the retail, office buildings, and residential properties sectors in Turkey.

The company is known for its significant projects such as shopping malls and mixed-use real estate developments in urban areas. Their main activities include planning, construction, and management of these real estate projects.

Current Strategy: Diversification and Expansion (2026)

Torunlar Gayrimenkul Yatirim Ortakligi A.S. is pursuing a strategy of diversification and expansion to secure future growth. The company focuses on expanding its real estate portfolio through the acquisition and development of high-quality commercial and residential properties.

Another key focus is on modernizing existing properties to increase their attractiveness and value. These measures are intended to increase both rental income and capital values.

In addition, Torunlar is investing in sustainable construction projects and technologies to reduce the ecological footprint and meet the growing demand for environmentally friendly real estate. This aligns with global trends and the increasing demand for sustainable real estate solutions.

Main Imported Materials: Steel, Concrete, Glass

Countries of Origin: China, Germany, Italy

Torunlar Gayrimenkul Yatirim Ortakligi A.S., as a leading company in the real estate sector of Turkey, mainly imports building materials such as steel, concrete, and glass. These materials are crucial for the construction and development of their real estate projects.

China is a significant supplier of steel due to its cost-effective production. Germany and Italy are known for high-quality glass and concrete products, which are frequently used in modern construction projects. These countries not only offer quality but also innovative solutions that are crucial for Torunlar's demanding construction projects.

Market Share: Estimated 8% in the Turkish real estate market (2026)
EBITDA Margin: 45% (2025)
Real Estate Portfolio Value: 2.5 billion USD (2025)

Torunlar Gayrimenkul Yatirim Ortakligi A.S. has a significant competitive advantage in the Turkish real estate market, highlighted by its strong market position and extensive real estate portfolio. With an estimated market share of 8%, the company is among the industry's leading players.

The high EBITDA margin of 45% indicates that the company operates efficiently and is able to generate high profits from its real estate investments. This suggests strong operational efficiency and good cost control.

Furthermore, the value of the real estate portfolio of 2.5 billion USD strengthens the company's position as it owns high-quality and strategically located properties. This enables Torunlar to benefit from the increasing demand for real estate in Turkey and further expand its market presence.

Institutional Investor Share: Estimated around 40% (2026)

Insider Buys/Sells: No significant transactions reported (2026)

The institutional investor share in Torunlar Gayrimenkul Yatirim Ortakligi A.S. is estimated to be around 40%. This reflects the interest of institutional investors in the stock, which could indicate confidence in the company's long-term strategy.

No significant insider buys or sells were reported for the year 2026. This could suggest that the management and other insiders currently do not expect any significant changes in the company's valuation.

Market share of Torunlar Gayrimenkul Yatirim Ortakligi A.S.: Estimate: 4% (2026)

Top competitors and their market shares:

1. Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 15%
2. Halk Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 10%
3. Is Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 8%
4. Vakif Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 6%
5. Akfen Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 5%
6. Torunlar Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 4%
7. Alarko Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 3%
8. Sinpas Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 3%
9. Kiler Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 2%
10. Nurol Gayrimenkul Yatirim Ortakligi A.S. - Estimate: 2%

Moat of Torunlar Gayrimenkul Yatirim Ortakligi A.S.:

Torunlar Gayrimenkul Yatirim Ortakligi A.S. has a moderate moat, mainly attributed to its strategically located real estate projects and experience in the Turkish real estate market. The company benefits from strong brand recognition and a diversified portfolio that includes both commercial and residential properties.

Compared to larger competitors like Emlak Konut, which have significant government support and a larger project pipeline, Torunlar's moat is less pronounced. Emlak Konut has a stronger competitive advantage due to its government backing and extensive land reserves.

Overall, competition in the Turkish real estate sector is intense, and while Torunlar has some advantages, larger competitors are better positioned due to their resources and strategic partnerships.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025) Real Estate Portfolio Appreciation: 7% (2025)

Torunlar Gayrimenkul Yatirim Ortakligi A.S. achieved a solid revenue growth of 8.5% in 2025, attributed to strong demand in the real estate sector and successful project developments. The profit growth of 10.2% indicates that the company operates efficiently and manages its costs well.

Furthermore, the company achieved a 7% appreciation in the value of its real estate portfolio, signaling a favorable market position and high-quality real estate projects. These factors suggest that Torunlar Gayrimenkul Yatirim Ortakligi A.S. is well positioned to capitalize on future market opportunities.

For investors, the company may present an attractive investment opportunity due to its stable financial performance and positive development of its real estate portfolio. However, it is important to consider macroeconomic factors and the overall market situation in Turkey before making a final investment decision.

Dividend Yield: 4.5% (2026, estimated)
Dividend History: Regular payouts over the last 5 years

Torunlar Gayrimenkul Yatirim Ortakligi A.S. has pursued a stable dividend policy in recent years, with regular payouts to its shareholders. The estimated dividend yield for 2026 is 4.5%, which can be considered attractive compared to other companies in the real estate sector.

The reliability of dividend payments is supported by the company's solid financial foundation and its ability to generate stable income from its real estate projects. However, it is important to consider the economic conditions and specific market conditions in Turkey, which could influence future dividend policies.