Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS (KGYO) - Net Assets
Based on the latest financial reports, Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS (KGYO) has net assets worth TL1.81 Billion TRY (≈ $40.52 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 (TL8.58 Billion ≈ $192.08 Million USD) and total liabilities (TL6.77 Billion ≈ $151.56 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 KGYO cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL1.81 Billion |
| % of Total Assets | 21.1% |
| Annual Growth Rate | 63.85% |
| 5-Year Change | 1704.3% |
| 10-Year Change | N/A |
| Growth Volatility | 1107.69 |
Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2018–2024)
This chart illustrates how Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Yapi Kredi Koray Gayrimenkul Yatirim Ort for the complete picture of this company's asset base.
Annual Net Assets for Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS (2018–2024)
The table below shows the annual net assets of Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS from 2018 to 2024. For live valuation and market cap data, see Yapi Kredi Koray Gayrimenkul Yatirim Ort market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL1.51 Billion ≈ $33.85 Million |
+17.23% |
| 2023-12-31 | TL1.29 Billion ≈ $28.88 Million |
+2969.66% |
| 2022-12-31 | TL42.00 Million ≈ $940.66K |
-61.03% |
| 2021-12-31 | TL107.76 Million ≈ $2.41 Million |
+28.65% |
| 2020-12-31 | TL83.77 Million ≈ $1.88 Million |
+2.24% |
| 2019-12-31 | TL81.93 Million ≈ $1.84 Million |
+4.96% |
| 2018-12-31 | TL78.06 Million ≈ $1.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Yapi Kredi Koray 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 decreased by 242464073500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL3.98 Billion | 264.54% |
| Total Equity | TL1.51 Billion | 100.00% |
Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vindhya Telelinks Limited
NSE:VINDHYATEL
|
$190.99 Million |
|
Scottish Mortgage Investment Trust plc
LSE:SMT
|
$191.07 Million |
|
Dongyang E&P Inc
KQ:079960
|
$191.29 Million |
|
MacroGenics Inc
NASDAQ:MGNX
|
$191.32 Million |
|
Newbury Street II Acquisition Corp Class A Ordinary Shares
NASDAQ:NTWO
|
$190.60 Million |
|
Greenx Metals Ltd
AU:GRX
|
$190.55 Million |
|
Seven Hills Realty Trust
NASDAQ:SEVN
|
$190.51 Million |
|
Alarko Carrier Sanayi ve Ticaret AS
IS:ALCAR
|
$190.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,285,839,385 to 1,506,188,091, a change of 220,348,706 (17.1%).
- Net loss of 68,842,925 reduced equity.
- Dividend payments of 2,207,536 reduced retained earnings.
- New share issuances of 791,590,586 increased equity.
- Other factors decreased equity by 500,191,419.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-68.84 Million | -4.57% |
| Dividends Paid | TL2.21 Million | -0.15% |
| Share Issuances | TL791.59 Million | +52.56% |
| Other Changes | TL-500.19 Million | -33.21% |
| Total Change | TL- | 17.14% |
Book Value vs Market Value Analysis
This analysis compares Yapi Kredi Koray 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: 8.47x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 6.62x to 8.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL1.93 | TL12.75 | x |
| 2019-12-31 | TL2.02 | TL12.75 | x |
| 2020-12-31 | TL2.06 | TL12.75 | x |
| 2021-12-31 | TL2.65 | TL12.75 | x |
| 2022-12-31 | TL1.01 | TL12.75 | x |
| 2023-12-31 | TL1.97 | TL12.75 | x |
| 2024-12-31 | TL1.51 | TL12.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yapi Kredi Koray 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): -4.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.82%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 4.06x
- Recent ROE (-4.57%) is above the historical average (-7.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 10.98% | 18.78% | 0.48x | 1.21x | TL756.48K |
| 2019 | 4.80% | 8.20% | 0.49x | 1.20x | TL-4.20 Million |
| 2020 | 1.87% | 3.09% | 0.51x | 1.18x | TL-6.70 Million |
| 2021 | 22.72% | 39.48% | 0.50x | 1.16x | TL13.49 Million |
| 2022 | -160.72% | -53.39% | 0.19x | 15.46x | TL-68.88 Million |
| 2023 | 72.12% | 298.51% | 0.06x | 4.17x | TL798.78 Million |
| 2024 | -4.57% | -22.82% | 0.05x | 4.06x | TL-219.46 Million |
Industry Comparison
This section compares Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $8,456,886,372
- Average return on equity (ROE) among peers: 10.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS (KGYO) | TL1.81 Billion | 10.98% | 3.74x | $190.73 Million |
| Akis Gayrimenkul Yatirim Ortakligi AS (AKSGY) | $4.14 Billion | 5.75% | 0.87x | $508.44 Million |
| Alarko Gayrimenkul Yatirim Ortakligi AS (ALGYO) | $1.51 Billion | 25.75% | 0.01x | $44.39 Million |
| Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY) | $28.20 Million | 2.71% | 0.18x | $14.02 Million |
| Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) | $13.78 Billion | -1.70% | 0.42x | $233.64 Million |
| Deniz Gayrimenkul Yatirim Ortakligi AS (DZGYO) | $26.98 Million | 0.00% | 0.00x | $72.57 Million |
| Edip Gayrimenkul Yatirim Sanayi ve Ticaret AS (EDIP) | $59.86 Million | 0.00% | 5.02x | $57.51 Million |
| EYG Gayrimenkul Yatirim Ortakligi A.S. (EYGYO) | $1.06 Billion | 29.86% | 2.49x | $43.12 Million |
| Halk Gayrimenkul Yatirim Ortakligi AS (HLGYO) | $54.29 Billion | 24.46% | 0.49x | $513.55 Million |
| Is Gayrimenkul Yatirim Ortakligi AS (ISGYO) | $1.21 Billion | 7.16% | 0.54x | $436.77 Million |
About Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS
Koray Gayrimenkul Yatirim Ortakligi A.S., a real estate investment trust (REIT), engages in the purchase, sale, and rental of real estate properties in Turkey. The company's investment portfolio of properties consists of residential and commercial real estate. It is also involved in the project development activities. The company was founded in 1996 and is headquartered in Istanbul, Turkey.