Vakif REIT

Vakıf Gayrimenkul Yatırım Ortaklığı A.S. is a real estate investment trust founded in 1996 and floated on the stock exchange the same year. It is headquartered in Umraniye, Istanbul, and its main shareholder is VakifBank; social security and pension fund organizations for the bank's staff are also among its shareholders. Its shares trade on the Star Market of Borsa Istanbul under the ticker VKGYO.

Real estate investment trusts are companies that, under capital markets legislation, manage a portfolio made up of real estate, real estate projects and rights based on them; their income comes mainly from rents and project sales. Vakif GYO's portfolio includes office and hotel buildings that generate rental income, as well as residential and mixed-use projects. Its KAP filing lists the Vakif GYO-Obakoy joint venture set up for a real estate project in Basibuyuk, Maltepe; the company has also formed a joint venture with Halk GYO and Ziraat GYO to develop a mixed-use project in Kartal, Istanbul.

For VKGYO shares, rent increases, demand for housing and offices, construction costs, interest rates and portfolio valuation reports are the main topics followed. Gaps can arise between the stock price of a REIT and the appraised value of its portfolio. The VKGYO page on Lzzo.com offers a price chart, a technical indicator summary and the option to compare it with similar companies in the real estate sector.