Alarko REIT

Alarko Gayrimenkul Yatirim Ortakligi A.S., a real estate investment trust (REIT), is Alarko Holding's affiliate in the field of real estate development. Founded in 1996, the company is headquartered in Ortakoy, Istanbul, and its shares trade on Borsa Istanbul under the ticker ALGYO.

The company's model rests on two pillars: earning rental income from the properties in its portfolio and holding valuable land for development. Assets listed in appraisal reports include the Hillside Beach Club holiday village in Fethiye, a hotel in Gundogan, Bodrum, independent units in the Alkent complex in Etiler, shops in the Alkent bazaar in Buyukcekmece, properties in Karakoy, in Cankaya in Ankara and in Topcular in Eyupsultan, and land plots in Maslak and Buyukcekmece. The weight of tourism assets sets the portfolio apart from office- or mall-focused REITs. The company defines the appreciation of its properties over time and cash management as its two main means of creating value.

For tourism- and land-heavy REITs, investors track hotel rents and the course of the tourism season, land valuations, zoning changes, the return on cash assets and the share price's discount to net asset value (NAV). On Lzzo.com you can see ALGYO's long-term price chart and a comparison with similar REITs.