Korfez Gayrimenkul Yatirim (KRGYO) - Net Assets
Based on the latest financial reports, Korfez Gayrimenkul Yatirim (KRGYO) has net assets worth TL2.41 Billion TRY (≈ $53.93 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL2.77 Billion ≈ $62.11 Million USD) and total liabilities (TL365.39 Million ≈ $8.18 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 Korfez Gayrimenkul Yatirim tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL2.41 Billion |
| % of Total Assets | 86.82% |
| Annual Growth Rate | 35.51% |
| 5-Year Change | 1567.52% |
| 10-Year Change | 2723.04% |
| Growth Volatility | 51.37 |
Korfez Gayrimenkul Yatirim - Net Assets Trend (2010–2025)
This chart illustrates how Korfez Gayrimenkul Yatirim's net assets have evolved over time, based on quarterly financial data. See KRGYO days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Korfez Gayrimenkul Yatirim (2010–2025)
The table below shows the annual net assets of Korfez Gayrimenkul Yatirim from 2010 to 2025. For live valuation and market cap data, see KRGYO stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL2.41 Billion ≈ $53.93 Million |
+52.91% |
| 2024-12-31 | TL1.57 Billion ≈ $35.27 Million |
+100.05% |
| 2023-12-31 | TL787.13 Million ≈ $17.63 Million |
+188.69% |
| 2022-12-31 | TL272.65 Million ≈ $6.11 Million |
+88.83% |
| 2021-12-31 | TL144.39 Million ≈ $3.23 Million |
+20.31% |
| 2020-12-31 | TL120.02 Million ≈ $2.69 Million |
+5.42% |
| 2019-12-31 | TL113.84 Million ≈ $2.55 Million |
+13.34% |
| 2018-12-31 | TL100.45 Million ≈ $2.25 Million |
+4.86% |
| 2017-12-31 | TL95.80 Million ≈ $2.15 Million |
+12.32% |
| 2016-12-31 | TL85.29 Million ≈ $1.91 Million |
+75.31% |
| 2015-12-31 | TL48.65 Million ≈ $1.09 Million |
-1.66% |
| 2014-12-31 | TL49.47 Million ≈ $1.11 Million |
+56.28% |
| 2013-12-31 | TL31.66 Million ≈ $708.99K |
-1.19% |
| 2012-12-31 | TL32.04 Million ≈ $717.52K |
-6.86% |
| 2011-12-31 | TL34.40 Million ≈ $770.38K |
+36.30% |
| 2010-12-31 | TL25.24 Million ≈ $565.22K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Korfez Gayrimenkul Yatirim'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 21485857200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL214.86 Million | 8.92% |
| Other Components | TL2.19 Billion | 91.08% |
| Total Equity | TL2.41 Billion | 100.00% |
Korfez Gayrimenkul Yatirim Competitors by Market Cap
The table below lists competitors of Korfez Gayrimenkul Yatirim ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arovella Therapeutics Ltd
AU:ALA
|
$59.87 Million |
|
TEAM INC. DL-30
F:T9CA
|
$59.89 Million |
|
Ikena Oncology Inc
NASDAQ:IKNA
|
$59.90 Million |
|
Pansar Bhd
KLSE:8419
|
$59.93 Million |
|
Cimbeton Hazirbeton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret AS
IS:CMBTN
|
$59.86 Million |
|
Leader Electronics Inc
TW:3058
|
$59.85 Million |
|
Eversendai Corporation Bhd
KLSE:5205
|
$59.84 Million |
|
Cactus Acquisition Corp 1 Ltd
NASDAQ:CCTS
|
$59.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korfez Gayrimenkul Yatirim's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,574,612,124 to 2,407,783,039, a change of 833,170,915 (52.9%).
- Net income of 142,229,405 contributed positively to equity growth.
- New share issuances of 690,894,114 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL142.23 Million | +5.91% |
| Share Issuances | TL690.89 Million | +28.69% |
| Other Changes | TL47.40K | +0.0% |
| Total Change | TL- | 52.91% |
Book Value vs Market Value Analysis
This analysis compares Korfez Gayrimenkul Yatirim'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: 1.11x
- 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 1.86x to 1.11x 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 | TL1.45 | TL2.70 | x |
| 2018-12-31 | TL1.52 | TL2.70 | x |
| 2019-12-31 | TL1.72 | TL2.70 | x |
| 2020-12-31 | TL1.82 | TL2.70 | x |
| 2021-12-31 | TL2.19 | TL2.70 | x |
| 2022-12-31 | TL4.13 | TL2.70 | x |
| 2023-12-31 | TL11.93 | TL2.70 | x |
| 2024-12-31 | TL1.96 | TL2.70 | x |
| 2025-12-31 | TL2.43 | TL2.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korfez Gayrimenkul Yatirim 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): 5.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.83%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.15x
- Recent ROE (5.91%) is below the historical average (14.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -0.77% | -12.31% | 0.04x | 1.68x | TL-5.33 Million |
| 2015 | -1.57% | -39.28% | 0.02x | 2.12x | TL-5.63 Million |
| 2016 | 42.96% | 46.79% | 0.62x | 1.48x | TL28.11 Million |
| 2017 | 10.97% | 15.08% | 0.65x | 1.12x | TL929.57K |
| 2018 | 4.64% | 25.50% | 0.17x | 1.08x | TL-5.39 Million |
| 2019 | 11.79% | 116.17% | 0.09x | 1.08x | TL2.04 Million |
| 2020 | 5.23% | 29.19% | 0.13x | 1.39x | TL-5.72 Million |
| 2021 | 16.90% | 86.58% | 0.15x | 1.28x | TL9.96 Million |
| 2022 | 47.24% | 272.31% | 0.15x | 1.13x | TL101.54 Million |
| 2023 | 24.86% | 154.18% | 0.15x | 1.07x | TL116.99 Million |
| 2024 | 5.55% | 39.84% | 0.12x | 1.17x | TL-70.07 Million |
| 2025 | 5.91% | 44.83% | 0.11x | 1.15x | TL-98.55 Million |
Industry Comparison
This section compares Korfez Gayrimenkul Yatirim's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $4,426,417,811
- Average return on equity (ROE) among peers: -3.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korfez Gayrimenkul Yatirim (KRGYO) | TL2.41 Billion | -0.77% | 0.15x | $59.87 Million |
| Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO) | $13.08 Billion | 9.69% | 0.78x | $1.77 Billion |
| Idealist Gayrimenkul Yatirim Ortakligi AS (IDGYO) | $14.44 Million | 49.19% | 1.07x | $16.13 Million |
| Ozderici Gayrimenkul Yatirim Ortakligi AS (OZGYO) | $4.26 Billion | -17.21% | 0.15x | $47.26 Million |
| Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) | $350.56 Million | -56.16% | 13.32x | $343.74 Million |
About Korfez Gayrimenkul Yatirim
Körfez Gayrimenkul Yatirim Ortakligi A.S. develops and markets real estate projects in Turkey. The company is headquartered in Istanbul, Turkey. Körfez Gayrimenkul Yatirim Ortakligi A.S. operates as a subsidiary of Kuveyt Türk Katilim Bankasi A.S.