Akmerkez Gayrimenkul Yatirim Ortakligi AS (AKMGY) - Net Assets

Latest as of September 2025: TL8.88 Billion TRY ≈ $198.86 Million USD

Based on the latest financial reports, Akmerkez Gayrimenkul Yatirim Ortakligi AS (AKMGY) has net assets worth TL8.88 Billion TRY (≈ $198.86 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL10.75 Billion ≈ $240.85 Million USD) and total liabilities (TL1.88 Billion ≈ $42.00 Million USD). 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. Check asset resilience ratio of Akmerkez Gayrimenkul Yatirim Ortakligi A to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL8.88 Billion
% of Total Assets	82.56%
Annual Growth Rate	25.07%
5-Year Change	2948.96%
10-Year Change	3156.86%
Growth Volatility	273.33

Akmerkez Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2006–2024)

This chart illustrates how Akmerkez Gayrimenkul Yatirim Ortakligi AS's net assets have evolved over time, based on quarterly financial data. Also explore AKMGY asset base for the complete picture of this company's asset base.

Annual Net Assets for Akmerkez Gayrimenkul Yatirim Ortakligi AS (2006–2024)

The table below shows the annual net assets of Akmerkez Gayrimenkul Yatirim Ortakligi AS from 2006 to 2024. For live valuation and market cap data, see AKMGY stock market capitalisation.

Year	Net Assets	Change
2024-12-31	TL7.32 Billion ≈ $163.99 Million	-10.72%
2023-12-31	TL8.20 Billion ≈ $183.67 Million	+150.04%
2022-12-31	TL3.28 Billion ≈ $73.46 Million	+1196.11%
2021-12-31	TL253.05 Million ≈ $5.67 Million	+5.38%
2020-12-31	TL240.13 Million ≈ $5.38 Million	-3.69%
2019-12-31	TL249.32 Million ≈ $5.58 Million	-3.77%
2018-12-31	TL259.11 Million ≈ $5.80 Million	+11.21%
2017-12-31	TL232.99 Million ≈ $5.22 Million	+3.22%
2016-12-31	TL225.73 Million ≈ $5.06 Million	+0.41%
2015-12-31	TL224.81 Million ≈ $5.04 Million	+6.51%
2014-12-31	TL211.06 Million ≈ $4.73 Million	+8.90%
2013-12-31	TL193.82 Million ≈ $4.34 Million	+8.07%
2012-12-31	TL179.34 Million ≈ $4.02 Million	+11.28%
2011-12-31	TL161.17 Million ≈ $3.61 Million	+35.26%
2010-12-31	TL119.16 Million ≈ $2.67 Million	-0.98%
2009-12-31	TL120.33 Million ≈ $2.70 Million	-2.30%
2008-12-31	TL123.17 Million ≈ $2.76 Million	+3.80%
2007-12-31	TL118.66 Million ≈ $2.66 Million	-9.14%
2006-12-31	TL130.60 Million ≈ $2.93 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Akmerkez 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 5629.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	TL4.88 Billion	66.65%
Other Components	TL2.44 Billion	33.35%
Total Equity	TL7.32 Billion	100.00%

Akmerkez Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap

The table below lists competitors of Akmerkez Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.

Company	Market Cap
Turtle Beach Corporation NASDAQ:TBCH	$216.67 Million
Oportun Financial Corp NASDAQ:OPRT	$216.72 Million
NORTHERN OCEAN LTD. F:4JO	$216.75 Million
Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée PA:CRAV	$216.78 Million
PTC India Financial Services Limited NSE:PFS	$216.58 Million
Victory Supermarket Chain Ltd TA:VCTR	$216.40 Million
DAEA TI Co. Ltd KQ:045390	$216.31 Million
UJU Electronics Co. Ltd KQ:065680	$216.27 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Akmerkez Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 8,200,707,783 to 7,321,619,778, a change of -879,088,005 (-10.7%).
Net income of 524,404,659 contributed positively to equity growth.
Dividend payments of 363,308,690 reduced retained earnings.
Other factors decreased equity by 1,040,183,974.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL524.40 Million	+7.16%
Dividends Paid	TL363.31 Million	-4.96%
Other Changes	TL-1.04 Billion	-14.21%
Total Change	TL-	-10.72%

Book Value vs Market Value Analysis

This analysis compares Akmerkez 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: 1.32x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 41.50x to 1.32x 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	TL6.25	TL259.50	x
2018-12-31	TL6.95	TL259.50	x
2019-12-31	TL6.69	TL259.50	x
2020-12-31	TL6.44	TL259.50	x
2021-12-31	TL6.79	TL259.50	x
2022-12-31	TL88.01	TL259.50	x
2023-12-31	TL220.07	TL259.50	x
2024-12-31	TL196.48	TL259.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Akmerkez 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): 7.16%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 66.93%
• Asset Turnover: 0.09x
• Equity Multiplier: 1.18x
Recent ROE (7.16%) is below the historical average (28.56%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	31.57%	67.75%	0.37x	1.25x	TL25.96 Million
2010	24.54%	54.84%	0.36x	1.26x	TL17.32 Million
2011	26.07%	65.72%	0.38x	1.03x	TL25.90 Million
2012	30.29%	70.71%	0.42x	1.02x	TL36.39 Million
2013	30.88%	70.72%	0.43x	1.02x	TL40.46 Million
2014	31.12%	70.28%	0.43x	1.03x	TL44.58 Million
2015	32.62%	69.77%	0.45x	1.04x	TL50.84 Million
2016	34.48%	67.72%	0.49x	1.03x	TL55.25 Million
2017	33.39%	66.74%	0.48x	1.03x	TL54.51 Million
2018	34.21%	76.01%	0.44x	1.02x	TL62.74 Million
2019	32.71%	69.32%	0.46x	1.04x	TL56.63 Million
2020	23.68%	65.06%	0.33x	1.11x	TL32.86 Million
2021	37.47%	78.58%	0.46x	1.03x	TL69.51 Million
2022	38.03%	559.52%	0.07x	1.01x	TL919.46 Million
2023	8.74%	99.53%	0.09x	1.01x	TL-103.16 Million
2024	7.16%	66.93%	0.09x	1.18x	TL-207.76 Million

Industry Comparison

This section compares Akmerkez Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

Industry: REIT - Retail
Average net assets among peers: $268,379,333
Average return on equity (ROE) among peers: 3.23%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Akmerkez Gayrimenkul Yatirim Ortakligi AS (AKMGY)	TL8.88 Billion	31.57%	0.21x	$216.58 Million
Atakule Gayrimenkul Yatirim Ortakligi AS (AGYO)	$250.61 Million	4.93%	0.01x	$56.68 Million
Panora Gayrimenkul Yatirim Ortakligi AS (PAGYO)	$508.08 Million	4.75%	0.20x	$253.51 Million
Yeni Gimat Gayrimenkul Yatirim Ortakligi AS (YGGYO)	$46.45 Million	0.00%	0.95x	$1.26 Billion

About Akmerkez Gayrimenkul Yatirim Ortakligi AS

IS:AKMGY Turkey REIT - Retail

Market Cap

$216.58 Million

TL9.67 Billion TRY

Market Cap Rank

#16230 Global

#192 in Turkey

Share Price

TL259.50

Change (1 day)

+0.97%

52-Week Range

TL183.30 - TL324.50

All Time High

TL380.50