Koray REIT

Koray Gayrimenkul Yatırım Ortaklığı is a real estate investment trust (REIT) headquartered in Levent, Besiktas, Istanbul. The company was set up in December 1996 as a joint venture between Yapi ve Kredi Bankasi and Koray Group, and passed fully to Koray Group in May 2021 when the bank's shares were acquired by Koray Gayrimenkul ve Yatirim. Formerly named Yapi Kredi Koray GYO, the company has had its shares traded under the ticker KGYO since 1998.

Projects developed by the company include Istanbul Istanbul, Istanbul Zen, Istanbul Bis, Evidea, Ankara Ankara and the Neo Shopping and Living Centre, as well as the Ankara Cankaya project, whose construction has been completed and where leasing is ongoing. Ongoing projects include a new phase of Istanbul Istanbul and Koray Upland Kasaba. Properties in the portfolio also include Kagithane Ofispark and Yapi Kredi Plaza. The company has an affiliate providing facility management services and raises financing by issuing debt instruments.

For those following KGYO, housing pre-sale performance, the trend of rental income relative to inflation, construction costs, interest rates on debt instruments and appraisal valuations are the key factors. The gap between net asset value (NAV) and the share price is also frequently compared. Lzzo.com offers an interactive chart and technical indicators for the share.