Ziraat Gayrimenkul Yatirim Ortakligi AS
Ziraat Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate investment company in Turkey. Its portfolio consists of office building, and hotel and housing investments. The company was founded in 2016 and is based in Istanbul, Turkey.
Ziraat Gayrimenkul Yatirim Ortakligi AS (ZRGYO) - Net Assets
Latest net assets as of September 2025: TL71.41 Billion TRY
Based on the latest financial reports, Ziraat Gayrimenkul Yatirim Ortakligi AS (ZRGYO) has net assets worth TL71.41 Billion TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL82.55 Billion) and total liabilities (TL11.13 Billion). 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 | TL71.41 Billion |
| % of Total Assets | 86.51% |
| Annual Growth Rate | 78.8% |
| 5-Year Change | 982.0% |
| 10-Year Change | N/A |
| Growth Volatility | 72.01 |
Ziraat Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2018–2024)
This chart illustrates how Ziraat 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 Ziraat Gayrimenkul Yatirim Ortakligi AS (2018–2024)
The table below shows the annual net assets of Ziraat Gayrimenkul Yatirim Ortakligi AS from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL55.08 Billion | +4.98% |
| 2023-12-31 | TL52.47 Billion | +170.44% |
| 2022-12-31 | TL19.40 Billion | +131.71% |
| 2021-12-31 | TL8.37 Billion | +64.47% |
| 2020-12-31 | TL5.09 Billion | +181.05% |
| 2019-12-31 | TL1.81 Billion | +7.54% |
| 2018-12-31 | TL1.68 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ziraat 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 3643.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL68.57 Billion | 124.49% |
| Total Equity | TL55.08 Billion | 100.00% |
Ziraat Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Ziraat Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanosonics Ltd
AU:NAN
|
$541.07 Million |
|
Tactile Systems Technology Inc
NASDAQ:TCMD
|
$541.25 Million |
|
ANTIN INFRASTR.PRT EO 1
F:8ZU
|
$541.29 Million |
|
Gas Malaysia Bhd
KLSE:5209
|
$541.39 Million |
|
CanSino Biologics Inc
PINK:CASBF
|
$540.94 Million |
|
Ã
landsbanken Abp
LSE:0O2M
|
$540.77 Million |
|
Shanghai Kaibao Pharmaceutical
SHE:300039
|
$540.76 Million |
|
HANOF
PINK:HANOF
|
$540.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ziraat Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,465,335,957 to 55,079,984,829, a change of 2,614,648,872 (5.0%).
- Net income of 3,057,439,536 contributed positively to equity growth.
- Dividend payments of 227,285,972 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL3.06 Billion | +5.55% |
| Dividends Paid | TL227.29 Million | -0.41% |
| Other Changes | TL-215.50 Million | -0.39% |
| Total Change | TL- | 4.98% |
Book Value vs Market Value Analysis
This analysis compares Ziraat 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: 1.84x
- 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 60.14x to 1.84x 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 | TL0.36 | TL21.58 | x |
| 2019-12-31 | TL0.39 | TL21.58 | x |
| 2020-12-31 | TL1.08 | TL21.58 | x |
| 2021-12-31 | TL1.78 | TL21.58 | x |
| 2022-12-31 | TL4.13 | TL21.58 | x |
| 2023-12-31 | TL11.18 | TL21.58 | x |
| 2024-12-31 | TL11.74 | TL21.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ziraat 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): 5.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 88.16%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.16x
- Recent ROE (5.55%) is below the historical average (15.93%), 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 | 7.91% | 286.76% | 0.02x | 1.14x | TL-35.23 Million |
| 2019 | 7.01% | 288.53% | 0.02x | 1.44x | TL-54.11 Million |
| 2020 | 7.42% | 261.18% | 0.03x | 1.07x | TL-131.29 Million |
| 2021 | 15.77% | 706.76% | 0.02x | 1.03x | TL482.98 Million |
| 2022 | 56.42% | 1617.54% | 0.03x | 1.07x | TL9.01 Billion |
| 2023 | 11.42% | 118.13% | 0.09x | 1.11x | TL742.62 Million |
| 2024 | 5.55% | 88.16% | 0.05x | 1.16x | TL-2.45 Billion |
Industry Comparison
This section compares Ziraat 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: $2,168,716,523
- Average return on equity (ROE) among peers: 18.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ziraat Gayrimenkul Yatirim Ortakligi AS (ZRGYO) | TL71.41 Billion | 7.91% | 0.16x | $541.00 Million |
| Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) | $165.33 Million | 1.80% | 0.07x | $223.70 Million |
| Deniz Gayrimenkul Yatirim Ortakligi AS (DZGYO) | $212.94 Million | 7.41% | 0.17x | $23.48 Million |
| Edip Gayrimenkul Yatirim Sanayi ve Ticaret AS (EDIP) | $23.47 Million | 0.00% | 11.14x | $31.03 Million |
| EYG Gayrimenkul Yatirim Ortakligi A.S. (EYGYO) | $1.06 Billion | 29.86% | 2.49x | $19.46 Million |
| Halk Gayrimenkul Yatirim Ortakligi AS (HLGYO) | $10.43 Billion | 63.28% | 0.37x | $146.81 Million |
| Kiler Gayrimenkul Yatirim Ortakligi AS (KLGYO) | $95.10 Million | 0.00% | 2.36x | $208.56 Million |
| Marti Gayrimenkul Yatirim Ortakligi AS (MRGYO) | $7.30 Billion | 17.57% | 0.12x | $29.25 Million |
| Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO) | $217.47 Million | 5.09% | 7.47x | $29.35 Million |
| Ozak Gayrimenkul Yatirim Ortakligi AS (OZKGY) | $816.99 Million | 26.96% | 0.86x | $139.77 Million |
| Pera Yatirim Holding Anonim Sirketi (PEHOL) | $1.36 Billion | 33.66% | 0.13x | $112.56 Million |