Asce REIT

Asce Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment trust (REIT) headquartered in Sehitkamil, Gaziantep, whose shares trade on Borsa Istanbul under the ticker ASGYO. The history of the ASCE brand goes back to housing construction in Gaziantep; the company presents itself as aiming to bring the meticulousness of an industrial background to the construction sector.

The company develops residential and mixed-use projects. ASCE Zenith, completed in the Gaziosmanpasa neighborhood of Cankaya, Ankara, is one of the prominent projects in the portfolio; a residential project named ASCE Ortakoy is also presented on the corporate website. The projects emphasize upscale residential design focused on security and comfort. Besides project development, rental properties also fall within the company's scope of activity. The experience gained in Gaziantep is presented as the basis for expanding into new projects across the country.

For residential-focused REITs, the main topics investors follow are the pace of project sales, mortgage rates, construction costs, the land bank, pre-sale collections and portfolio valuation. The share of rent-generating assets in the portfolio is also important for the stability of cash flow. For ASGYO shares, regional housing demand is another factor taken into account.