Gayrimenkul Yatırım Ortaklıklarının Performanslarının İncelenmesi: Türkiye'deki Gayrimenkul Yatırım Ortaklıkları Üzerine Bir Araştırma
Investıgatıon of the Performance of Real Estate Investment Trusts: A Research on Real Estate Investment Trust in Turkey

Summary/Abstract: The aim of this study regarding the REIT, between the years 2013-2017 is to measure the financial performance of publicly traded REITs in Turkey. Measurement was done by TOPSIS method. AHP method was used to weight the values determined according to TOPSIS. At the end of the study, the performance rankings of the sector and partnerships in the sector were obtained. When the results are analyzed, it can be seen that GYOs, which have low debt ratios, shareholders' equity or continued capital and real estate portfolio, are at the top of the performance ranking. However, in the years when they were offered to the public, it was observed that the less risky transactions under the portfolio restrictions introduced by the public offerings positively reflected the balance sheets of REITs. In addition, as a result of the completion of the housing projects, net profit and net sales figures have increased in the ranking of the performance of the rising REIT companies.

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