Akfen Gayrimenkul Yatirim Ortakligi AS
Akfen Real Estate Investment Trust Inc. (the Company or Akfen GYO) was formed through the rebranding, transformation, and restructuring of Aksel Tourism Investments and Management Inc. (Aksel) into a real estate investment trust. Aksel was initially established on June 25, 1997, as a partnership between Hamdi Akin and Yüksel Construction Inc. to invest in the domestic tourism sector. Subsequently… Read more
Akfen Gayrimenkul Yatirim Ortakligi AS (AKFGY) - Net Assets
Latest net assets as of September 2025: TL30.24 Billion TRY
Based on the latest financial reports, Akfen Gayrimenkul Yatirim Ortakligi AS (AKFGY) has net assets worth TL30.24 Billion TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL39.26 Billion) and total liabilities (TL9.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL30.24 Billion |
| % of Total Assets | 77.01% |
| Annual Growth Rate | 32.26% |
| 5-Year Change | 3154.34% |
| 10-Year Change | 2805.68% |
| Growth Volatility | 126.88 |
Akfen Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2008–2024)
This chart illustrates how Akfen Gayrimenkul Yatirim Ortakligi AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Akfen Gayrimenkul Yatirim Ortakligi AS (2008–2024)
The table below shows the annual net assets of Akfen Gayrimenkul Yatirim Ortakligi AS from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL23.36 Billion | +2.53% |
| 2023-12-31 | TL22.79 Billion | +190.23% |
| 2022-12-31 | TL7.85 Billion | +80.36% |
| 2021-12-31 | TL4.35 Billion | +506.33% |
| 2020-12-31 | TL717.96 Million | -25.18% |
| 2019-12-31 | TL959.54 Million | +28.97% |
| 2018-12-31 | TL744.00 Million | +22.40% |
| 2017-12-31 | TL607.82 Million | +8.39% |
| 2016-12-31 | TL560.80 Million | -30.26% |
| 2015-12-31 | TL804.11 Million | -6.09% |
| 2014-12-31 | TL856.22 Million | -8.21% |
| 2013-12-31 | TL932.79 Million | +15.26% |
| 2012-12-31 | TL809.27 Million | +2.98% |
| 2011-12-31 | TL785.83 Million | +74.34% |
| 2010-12-31 | TL450.75 Million | +58.47% |
| 2009-12-31 | TL284.43 Million | +6.75% |
| 2008-12-31 | TL266.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Akfen Gayrimenkul Yatirim Ortakligi AS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8152.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL11.53 Billion | 49.74% |
| Other Components | TL11.65 Billion | 50.26% |
| Total Equity | TL23.19 Billion | 100.00% |
Akfen Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Akfen Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS
IS:KATMR
|
$128.23 Million |
|
CN EVERBRIGHT WATER HD 1
F:BIU2
|
$128.27 Million |
|
MEGA METAL
IS:MEGMT
|
$128.29 Million |
|
Taiwan Sanyo Electric Co Ltd
TW:1614
|
$128.29 Million |
|
Locaweb Serviços de Internet S.A.
SA:LWSA3
|
$128.23 Million |
|
Leclanche SA
SW:LECN
|
$128.22 Million |
|
Altia Oyj
F:28Q
|
$128.20 Million |
|
Prime US REIT
OTCGREY:KBSUF
|
$128.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Akfen Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,607,865,747 to 23,185,765,347, a change of 577,899,600 (2.6%).
- Net income of 1,445,018,330 contributed positively to equity growth.
- New share issuances of 19,545,340 increased equity.
- Other factors decreased equity by 886,664,070.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL1.45 Billion | +6.23% |
| Share Issuances | TL19.55 Million | +0.08% |
| Other Changes | TL-886.66 Million | -3.82% |
| Total Change | TL- | 2.56% |
Book Value vs Market Value Analysis
This analysis compares Akfen Gayrimenkul Yatirim Ortakligi AS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.46x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.83x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL3.29 | TL2.72 | x |
| 2018-12-31 | TL4.03 | TL2.72 | x |
| 2019-12-31 | TL5.26 | TL2.72 | x |
| 2020-12-31 | TL3.90 | TL2.72 | x |
| 2021-12-31 | TL3.32 | TL2.72 | x |
| 2022-12-31 | TL5.95 | TL2.72 | x |
| 2023-12-31 | TL5.81 | TL2.72 | x |
| 2024-12-31 | TL5.95 | TL2.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Akfen Gayrimenkul Yatirim Ortakligi AS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 118.81%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.32x
- Recent ROE (6.23%) is below the historical average (6.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 26.45% | 64.56% | 0.27x | 1.49x | TL124.26 Million |
| 2012 | 3.11% | 52.12% | 0.04x | 1.51x | TL-53.63 Million |
| 2013 | 13.14% | 47.64% | 0.16x | 1.69x | TL28.21 Million |
| 2014 | -0.30% | -2.97% | 0.06x | 1.76x | TL-84.83 Million |
| 2015 | -6.07% | -87.76% | 0.03x | 2.09x | TL-124.33 Million |
| 2016 | -47.18% | -474.18% | 0.04x | 2.75x | TL-311.36 Million |
| 2017 | 6.66% | 62.02% | 0.04x | 2.98x | TL-19.80 Million |
| 2018 | 14.42% | 106.49% | 0.04x | 3.36x | TL32.00 Million |
| 2019 | 17.69% | 34.31% | 0.18x | 2.85x | TL71.90 Million |
| 2020 | -34.64% | -369.38% | 0.02x | 4.18x | TL-309.84 Million |
| 2021 | 48.54% | 1088.16% | 0.03x | 1.60x | TL1.65 Billion |
| 2022 | 39.82% | 602.33% | 0.04x | 1.60x | TL2.31 Billion |
| 2023 | 4.64% | 66.34% | 0.05x | 1.49x | TL-1.21 Billion |
| 2024 | 6.23% | 118.81% | 0.04x | 1.32x | TL-873.56 Million |
Industry Comparison
This section compares Akfen Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the REIT - Hotel & Motel industry.
Industry Context
- Industry: REIT - Hotel & Motel
- Average net assets among peers: $11,006,911,581
- Average return on equity (ROE) among peers: -24.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Akfen Gayrimenkul Yatirim Ortakligi AS (AKFGY) | TL30.24 Billion | 26.45% | 0.30x | $128.23 Million |
| Kizilbuk Gayrimenkul Yatirim Ortakligi AS (KZBGY) | $11.01 Billion | -24.86% | 0.66x | $129.53 Million |