Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
IS REIC
IS REIC was established in 1999, by the strategic partnership of Isbank.
• Mcap | TL 5.868 mn Total Mcap of the sector is ~ TL 125 bn. | |
• Asset Size | TL 7.812 mn | |
• Equity Size | TL 5.653 mn | |
• Real Estate Portfolio | TL 6.835 mn | |
• Rental Portfolio Size | TL 5.178 mn | |
• Rental Income for 2022/9M | TL 264 mn | |
Almost 66% of the capital is held by Is Group.
39% of the capital is in free float
*Figures from MKK as of 23.03.2022 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Why IS REIC?
- Diversified real estate portfolio
- Office 54%, retail 22%, projects 17%
- Solid & growing rental income
- ~TL 264 mn rental income for 9M2022
- 2022 YE expectation TL 330-350 mn
- Financially strong tenants & long-term leases
- 48% of the rental income comes from İş Group
- Investment models with long-term leases; turn-key 25 years, B.O.T. 72 years
- No foreign currency debt
- Strong shareholder structure
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
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Is Gayrimenkul Yatirim Ortakligi AS published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 07:14:04 UTC.