Trend Gayrimenkul Yatirim Ortakligi AS Net Assets
Trend Gayrimenkul Yatirim Ortakligi AS net assets. Based on the latest financial reports, Trend Gayrimenkul Yatirim Ortakligi AS (TDGYO) has net assets worth TL859.00 Million TRY (≈ $19.24 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL1.06 Billion ≈ $23.82 Million USD) and total liabilities (TL204.43 Million ≈ $4.58 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. Also explore Trend Gayrimenkul Yatirim Ortakligi AS annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL859.00 Million |
| % of Total Assets | 80.78% |
| Annual Growth Rate | 36.55% |
| 5-Year Change | 399.46% |
| 10-Year Change | N/A |
| Growth Volatility | 40.37 |
Net Assets of Trend Gayrimenkul Yatirim Ortakligi AS (2018–2025)
Net assets of Trend Gayrimenkul Yatirim Ortakligi AS from 2018 to 2025. This chart illustrates how Trend Gayrimenkul Yatirim Ortakligi AS's net assets have evolved over time, based on quarterly financial data. See TDGYO net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Trend Gayrimenkul Yatirim Ortakligi AS (2018–2025)
The table below shows the annual net assets of Trend Gayrimenkul Yatirim Ortakligi AS from 2018 to 2025. For live market cap and overall valuation, see market cap of Trend Gayrimenkul Yatirim Ortakligi AS.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL391.67 Million ≈ $8.77 Million |
+3.46% |
| 2024-12-31 | TL378.56 Million ≈ $8.48 Million |
+28.07% |
| 2023-12-31 | TL295.59 Million ≈ $6.62 Million |
+120.16% |
| 2022-12-31 | TL134.26 Million ≈ $3.01 Million |
+71.21% |
| 2021-12-31 | TL78.42 Million ≈ $1.76 Million |
+54.69% |
| 2020-12-31 | TL50.69 Million ≈ $1.14 Million |
-3.37% |
| 2019-12-31 | TL52.46 Million ≈ $1.17 Million |
+18.57% |
| 2018-12-31 | TL44.24 Million ≈ $990.96K |
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Equity Component Analysis
This analysis shows how different components contribute to Trend 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 2370.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Trend Gayrimenkul Yatirim Ortakligi AS Net Assets Breakdown (December 2025)
Trend Gayrimenkul Yatirim Ortakligi AS net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL579.16 Million | 147.87% |
| Total Equity | TL391.67 Million | 100.00% |
Trend Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Trend Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fly Play hf.
IC:PLAY
|
$6.88 Million |
|
Techstep ASA
OL:TECH
|
$6.88 Million |
|
Vital Energy Inc
V:VUX
|
$6.88 Million |
|
JPMorgan Euro Small Companies Trust Plc
LSE:JEDT
|
$6.88 Million |
|
Burford Capital Limited
LSE:BUR
|
$6.87 Million |
|
Hube Yangfan Holding Co Ltd
SHG:600421
|
$6.87 Million |
|
Henderson Smaller Cos Inv Tst
LSE:HSL
|
$6.87 Million |
|
Straits Inter Logistics Bhd
KLSE:0080
|
$6.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trend Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 378,560,697 to 391,674,599, a change of 13,113,902 (3.5%).
- Net income of 13,110,560 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL13.11 Million | +3.35% |
| Other Changes | TL3.34K | +0.0% |
| Total Change | TL- | 3.46% |
Book Value vs Market Value Analysis
This analysis compares Trend 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: 0.78x
- 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 3.02x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL1.47 | TL4.45 | x |
| 2019-12-31 | TL0.76 | TL4.45 | x |
| 2020-12-31 | TL0.73 | TL4.45 | x |
| 2021-12-31 | TL1.14 | TL4.45 | x |
| 2022-12-31 | TL1.95 | TL4.45 | x |
| 2023-12-31 | TL4.28 | TL4.45 | x |
| 2024-12-31 | TL5.49 | TL4.45 | x |
| 2025-12-31 | TL5.68 | TL4.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trend 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): 3.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.94%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.06x
- Recent ROE (3.35%) is below the historical average (9.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 24.68% | 34.82% | 0.29x | 2.40x | TL6.49 Million |
| 2019 | 15.60% | 16.16% | 0.66x | 1.47x | TL2.94 Million |
| 2020 | -3.42% | -20.39% | 0.12x | 1.37x | TL-6.81 Million |
| 2021 | 35.37% | 68.35% | 0.39x | 1.33x | TL19.89 Million |
| 2022 | 41.59% | 63.75% | 0.51x | 1.29x | TL42.42 Million |
| 2023 | -39.94% | -91.21% | 0.38x | 1.15x | TL-147.62 Million |
| 2024 | -2.21% | -10.43% | 0.20x | 1.05x | TL-46.20 Million |
| 2025 | 3.35% | 48.94% | 0.06x | 1.06x | TL-26.06 Million |
Industry Comparison
This section compares Trend Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $6,335,707,208
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trend Gayrimenkul Yatirim Ortakligi AS (TDGYO) | TL859.00 Million | 24.68% | 0.24x | $6.88 Million |
| Adese Gayrimenkul Yatirim AS (ADESE) | $11.81 Billion | 15.32% | 0.22x | $49.67 Million |
| Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS (IHLGM) | $857.24 Million | 0.43% | 1.06x | $20.16 Million |
About Trend Gayrimenkul Yatirim Ortakligi AS
Trend Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment manager engages in the real estate business in Turkey. It develops and constructs various real estate projects, such as houses, hotels, residence, and university buildings. The company was formerly known as Anda Gayrimenkul Gelistirme ve Insaat Sanayi Ticaret Limited Sirketi and changed its name to Trend Gayrimenkul Yatirim Orta… Read more