TSKB Gayrimenkul Yatirim Ortakligi AS
TSKB Gayrimenkul Yatirim Ortakligi A.S invests in real estate projects, capital market instruments backed by real estate, real estate development projects, and other capital market instruments. Its real estate development projects include shopping centers, hotels, office buildings, and others. The company was founded in 2006 and is headquartered in Beyoglu, Turkey.
TSKB Gayrimenkul Yatirim Ortakligi AS (TSGYO) - Net Assets
Latest net assets as of June 2025: TL5.51 Billion TRY
Based on the latest financial reports, TSKB Gayrimenkul Yatirim Ortakligi AS (TSGYO) has net assets worth TL5.51 Billion TRY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL6.12 Billion) and total liabilities (TL611.03 Million). 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 | TL5.51 Billion |
| % of Total Assets | 90.01% |
| Annual Growth Rate | 25.11% |
| 5-Year Change | 917.51% |
| 10-Year Change | 2053.4% |
| Growth Volatility | 53.46 |
TSKB Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2009–2024)
This chart illustrates how TSKB 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 TSKB Gayrimenkul Yatirim Ortakligi AS (2009–2024)
The table below shows the annual net assets of TSKB Gayrimenkul Yatirim Ortakligi AS from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL4.73 Billion | -2.25% |
| 2023-12-31 | TL4.84 Billion | +167.30% |
| 2022-12-31 | TL1.81 Billion | +144.55% |
| 2021-12-31 | TL739.91 Million | +59.24% |
| 2020-12-31 | TL464.64 Million | +49.83% |
| 2019-12-31 | TL310.11 Million | +20.16% |
| 2018-12-31 | TL258.09 Million | +51.60% |
| 2017-12-31 | TL170.24 Million | -11.75% |
| 2016-12-31 | TL192.90 Million | -12.14% |
| 2015-12-31 | TL219.55 Million | +4.29% |
| 2014-12-31 | TL210.51 Million | +0.73% |
| 2013-12-31 | TL209.00 Million | -11.12% |
| 2012-12-31 | TL235.14 Million | +7.82% |
| 2011-12-31 | TL218.10 Million | -1.28% |
| 2010-12-31 | TL220.93 Million | +34.61% |
| 2009-12-31 | TL164.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TSKB 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 1220.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL5.45 Billion | 115.20% |
| Total Equity | TL4.73 Billion | 100.00% |
TSKB Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of TSKB Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpha Astika Akinita S.A
AT:ASTAK
|
$14.33 Million |
|
Inflection Resources Ltd
OTCQB:AUCUF
|
$14.33 Million |
|
Enapter AG
F:H2O
|
$14.33 Million |
|
Vietnam Electricity Construction JSC
VN:VNE
|
$14.33 Million |
|
Melbana Energy Ltd
AU:MAY
|
$14.32 Million |
|
IFCA MSC Bhd
KLSE:0023
|
$14.32 Million |
|
IQuest Co. Ltd.
KQ:262840
|
$14.32 Million |
|
PLC S.p.A.
F:O29
|
$14.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TSKB Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,836,778,411 to 4,727,723,332, a change of -109,055,079 (-2.3%).
- Net loss of 22,432,684 reduced equity.
- Other factors decreased equity by 86,622,395.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-22.43 Million | -0.47% |
| Other Changes | TL-86.62 Million | -1.83% |
| Total Change | TL- | -2.25% |
Book Value vs Market Value Analysis
This analysis compares TSKB 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: 0.94x
- 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 8.48x to 0.94x 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 | TL0.81 | TL6.86 | x |
| 2018-12-31 | TL0.61 | TL6.86 | x |
| 2019-12-31 | TL0.74 | TL6.86 | x |
| 2020-12-31 | TL0.93 | TL6.86 | x |
| 2021-12-31 | TL1.14 | TL6.86 | x |
| 2022-12-31 | TL2.78 | TL6.86 | x |
| 2023-12-31 | TL7.44 | TL6.86 | x |
| 2024-12-31 | TL7.27 | TL6.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TSKB 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): -0.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.90%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.12x
- Recent ROE (-0.47%) is below the historical average (4.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 2.81% | 28.37% | 0.06x | 1.53x | TL-15.89 Million |
| 2012 | 7.25% | 67.73% | 0.07x | 1.55x | TL-6.47 Million |
| 2014 | 0.73% | 9.48% | 0.04x | 1.74x | TL-19.51 Million |
| 2015 | 4.12% | 68.26% | 0.03x | 1.92x | TL-12.92 Million |
| 2016 | -13.81% | -151.13% | 0.04x | 2.27x | TL-45.94 Million |
| 2017 | -13.32% | -115.75% | 0.04x | 2.74x | TL-39.70 Million |
| 2018 | -23.98% | -274.99% | 0.04x | 1.97x | TL-87.70 Million |
| 2019 | 16.80% | 219.32% | 0.04x | 1.85x | TL21.10 Million |
| 2020 | -9.85% | -201.68% | 0.04x | 1.30x | TL-92.25 Million |
| 2021 | 16.88% | 414.39% | 0.04x | 1.00x | TL50.89 Million |
| 2022 | 59.10% | 2347.01% | 0.03x | 1.00x | TL888.52 Million |
| 2023 | 10.70% | 340.26% | 0.03x | 1.01x | TL33.69 Million |
| 2024 | -0.47% | -13.90% | 0.03x | 1.12x | TL-495.21 Million |
Industry Comparison
This section compares TSKB Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $2,192,676,036
- Average return on equity (ROE) among peers: 56.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TSKB Gayrimenkul Yatirim Ortakligi AS (TSGYO) | TL5.51 Billion | 2.81% | 0.11x | $14.32 Million |
| MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY) | $2.19 Billion | 56.43% | 0.01x | $2.03 Million |