September 2026
Largest Buildings & Property Public Companies in Turkey
Benchmark revenue and EBITDA valuation multiples for public comps like
Reysas GYO, Ziraat GYO, Emlak Konut, Yeni Gimat GYO and Is GYO.
 | Reysas Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust founded for investing and developing real estates in Turkey. It invests in real estates, capital market instruments based on real estates, real estate projects and rights based on real estates. The main focus of the company is the warehousing market. The company rents its warehouses for long terms in order to create continuous and stabile income from its portfolio. | $1 | +140% | $2B | $2B | 27.0x | 28.9x | ||
| ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments. | $0 | -15% | $1.9B | $2.1B | 29.3x | - | ||
| Emlak Konut Gayrimenkul Yatirim Ortakligi AS is a Turkish real estate investment trust. The company is engaged in the development and leasing of housing units in urban areas throughout Turkey. It focuses on executing real estate property projects mostly housing, besides, commercial units, educational units, social facilities, and all related aspects, controlling and building audit services of the ongoing projects, marketing and selling the finished housing. The vast majority of the company's total revenue is derived from revenue-sharing projects in which property income is shared between multiple contractors. | $0 | -3% | $1.4B | $2.5B | 1.2x | 4.2x | ||
| Yeni Gimat Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust company based in Turkey. The assets of the company include Ankamall and CP Ankara. | $4 | +57% | $1B | $970M | 15.2x | - | ||
| Is Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust. The company is engaged in property investment, property-oriented capital market instruments and real estate projects. It develops office spaces and shopping center. | $0 | +27% | $474M | $487M | 7.6x | 18.5x | ||
| Akis Gayrimenkul Yatirim Ortakligi AS is a Turkey-based Real Estate Investment Trust. Its portfolio includes Akbati, Street Retail and Investments, Acacia and Akapartman Suadiye. | $0 | +21% | $470M | $463M | 5.1x | 6.7x | ||
| Ozak Gayrimenkul Yatirim Ortakligi is a Turkey-based Real Estate Investment Trust. It maintains its land and project development studies in Housing, Commercial, Tourism, and Merchandise areas. Some of the projects of the company include Hayat Tepe Suites, Ozak Hayat Tepe, Bulvar216 and 34 Portall. | $0 | -8% | $359M | $243M | 1.9x | 71.1x | ||
| Halk Gayrimenkul Yatirim Ortakligi AS is a Turkey-based Real Estate Investment Trust. It was established with the aim of investing in real estate and real estate projects and accelerating the change and improvement in the real estate market. The projects of the company include Halk Towers, Evora Izmir Project, Bizimtepe Aydos Project, and Park Dedeman Levent Hotel among others. | $0 | +6% | $305M | $647M | 1.6x | 10.2x | ||
| Pasifik Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company offers investment opportunities by expanding its real estate portfolio. Its projects include Center Ankara Project and Next Level Istanbul. | $0 | -38% | $287M | $631M | 99.9x | - | ||
| Panora Gayrimenkul Yatirim Ortakligi AS operates & owns shopping centers. | $3 | -- | $222M | $216M | 9.5x | - | ||
| Koray Gayrimenkul Yatirim Ortakligi AS is a real estate investment company. It is engaged in owning, managing, and developing commercial and residential projects such as office buildings, shopping malls, and residential communities. | $0 | +175% | $218M | $247M | 28.7x | (11.1x) | ||
| Akfen Gayrimenkul Yatirim Ortakligi is a real estate investment trust. The group's main operations and activities are investing in real estates, real estate projects, and real estate-based capital markets instruments and to create and develop a real estate portfolio. The group is mainly developing hotels with Ibis Hotel and Novotel trademarks and leasing the hotels to Tamaris Turizm A.S. It is organized geographically across three principal operating segments: Turkey, Northern Cyprus, and Russia. Geographically the company receives maximum revenue from Turkey. | $0 | -- | $192M | $299M | 8.9x | - | ||
| DOGUS Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust based in Turkey. The company has operations in the residential, commercial and Retail sectors. Its portfolio comprises of Dogus Center Maslak, Dogus Center Etiler, Gebze Center Shopping Center, Gebze Center- Hotel and Gebze Center - Automotive Showroom and Service. | $1 | -- | $188M | $268M | 11.4x | 19.2x | ||
| Akmerkez Gayrimenkul Yatirim Ort AS is a real estate investment trust. Its business activity is to operate shopping mall that sells different products. | $5 | -- | $175M | $158M | 7.0x | 8.9x | ||
| Vakif GayriMenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estate, capital market instruments based on real estate, buildings, land, projects based on real estates, usufruct rights established on real estate and rental income. It leases and rents commercial and office buildings in Ankara and Istanbul. Its projects include Istanbul international finance center project, Bizimtepe aydos project, and maltepe housing project. | $0 | -- | $159M | $153M | 2.8x | 4.1x | ||
| Servet Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust engaged in the leasing of commercial real estate projects and other real estate related activities. | $0 | -- | $140M | $373M | ||||
| Alarko Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust. The company invests in real estate projects and capital market instruments. It invests in the projects developed by the Alarko Group. It continues to operate by obtaining rental income by taking over the properties owned by the community companies. | $0 | -- | $129M | $262M | ||||
| Kiler Gayrimenkul Yatirim Ortakligi AS is a Turkey-based company which operates as a real estate investment trust. It is involved in Land Development, Project Development, Design, Planning, and Authorization Process and After Sales Services among others. | $0 | -- | $116M | $130M | ||||
| Marti Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estates, capital market instruments based on real estates, real estate projects and property rights. | $0 | -- | $77M | $99M | ||||
| TSKB Gayrimenkul Yatirim Ortakligi AS is a portfolio management company that invests in real estate and real estate projects. The company focuses to create and develop a profitable real estate portfolio in order to provide high returns to its shareholders. It invests in real estate properties, real estate-based capital market instruments, real estate projects, real estate-based rights and capital market instruments. Geographically the business activities are carried out through the region of Turkey. | $0 | -- | $68M | $71M | ||||
| MHR Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust operating in the office and commercial real estate segment which has three independent units in its portfolio, including the Quick Tower project in Istanbul Atasehir and the Maidan Business and Life Center in Ankara Cankay. | $0 | -- | $68M | $68M | ||||
| Z Gayrimenkul Yatirim Ortakligi AS is a Turkish real estate investment company. The company offers well balanced, risk-return optimized real estate investment return to investors. Its project portfolio involves: Izmir Bayrakli Project, Istanbul Kadikoy Osmanaga Project, Istanbul Karakoy Project, Mugla Bodrum Project, Istanbul Gokturk Project, Afyonkarahisar Emirdag Project, Sivas Industrial Market Project, Kocaeli Kartepe Incomplete Hotel Project and others. | $0 | -- | $64M | $64M | ||||
| Deniz Gayrimenkul Yatirim Ortakligi AS operates as a capital market institution. The company exports its shares to operate its portfolio consisting of real estates, real estate projects, real estate based rights, capital market instruments and other assets. Its portfolio of investments includes Bahcesehir shopping mall, Goksu shopping mall, Metrokent center shopping mall, Metrokent education buildings, and Karakoy building. | $0 | -- | $55M | $59M | ||||
| Nurol Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. Its main activities include creating the partnership portfolio, and changing it when necessary; distributing the risks involved; observing the stock exchange market. | $0 | -- | $54M | $43M | ||||
| Bati Ege Gayrimenkul Yatirim Ortakligi AS is an investment company established to develop new investments in the real estate sector in Denizli and the entire Aegean Region. It has portfolio of projects which are Aquacity Denizli & Aquamall AVM. | $0 | -- | $46M | $45M | ||||
| Seker Gayrimenkul Yatirim Ortakligi Anonim Sirketi operates as a Real Estate Investment Trust. Its portfolio consists of Commercial, Office, Industrial Plant, and Residential properties. | $0 | -- | $44M | $50M | ||||
| Edip Gayrimenkul Yatirim Sanayi ve Ticaret AS is engaged in real estate investment, construction & development activities in Istanbul. The company's investment comprises 212 Instanbul Outlet, My Office 212, Otel 212 and Luleburgaz Tesisleri. | $1 | -- | $41M | $62M | ||||
| Mistral Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estate properties, real estate based capital market instruments, real estate projects and real estate based rights. | $0 | -- | $41M | $36M | ||||
| Avrasya Gayrimenkul Yatirim Ortakligi AS is an investment company engaged in the trading portfolio of capital market instruments to invest in real estate. | $0 | -- | $35M | $33M | ||||
| EYG Gayrimenkul Yatirim Ortakligi is a Company whose main business activities are to operate a portfolio consisting of real estate, real estate projects, real estate-based rights, capital market instruments and other assets. | $0 | -- | $32M | $50M | ||||
| Osim Endustriyel Yatirimlar ve Isletme AS is an investment company. It provides investing for industrial construction projects in Turkey. | $0 | -- | $23M | $32M | ||||
| Ata Gayrimenkul Yatirim Ortakligi Anonim Sirketi is a Real estate investment trust. Its investment goal is a variety of real estate valuables and projects in order to assemble a profitable investment portfolio. The company focuses on commercial real estate valuables and projects that grant a high rental income and future value profit in time. | $0 | -- | $9M | $8M | ||||
| Idealist Gayrimenkul Yatirim Ortakligi AS is engaged in the business of real estate investments and portfolio management. It is also involved in the sale, rental and leasing of residential buildings. | $0 | -- | $8M | $17M | ||||
| Median | $0 | +13% | $129M | $153M | 8.9x | 6.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.