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 13.643 mn Total Mcap of the sector is ~ TL 125 bn.

• Asset Size

TL 7.361 mn

• Equity Size

TL 5.609 mn

• Real Estate Portfolio

TL 6.560 mn

• Rental Portfolio Size

TL 5.025 mn

• Rental Income for 2022/1H

TL 171 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 15%
  • Solid & growing rental income
  • ~TL 171 mn rental income for 1H2022
  • 2022 YE expectation TL 330-350 mn
  • Financially strong tenants & long-term leases
  • 49% 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 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 06:30:05 UTC.