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 8.705 mn

Total Mcap of the sector is ~ TL 183 bn.

• Asset Size

TL 17.771 mn

• Equity Size

TL 13.933 mn

• Real Estate Portfolio

TL 16.410 mn

• Rental Portfolio Size

TL 12.034 mn

• Rental Income for 2023/Q1

TL 161 mn

Almost 65% of the capital is held by Is Group

37% of the capital is in free float

*Figures from MKK as of 21.03.2023

Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL

Why IS REIC?

  • Diversified real estate portfolio
  • Office 55%, projects 26%, retail 19%
  • Solid & growing rental income
  • ~TL 161 mn rental income for Q1 2023
  • Financially strong tenants & long-term leases
  • 45% 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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Disclaimer

Is Gayrimenkul Yatirim Ortakligi AS published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2023 08:48:01 UTC.