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 2.905 mn

• Asset Size

TL 6.676 mn

• Equity Size

TL 5.476 mn

• Real Estate Portfolio

TL 6.029 mn

• Rental Portfolio Size

TL 5.025 mn

• Rental Income for 2021

TL 244 mn

Total Mcap size of the sector is ~ TL 87 bn.*

*Excluding Başkentgaz GYO

Almost 65% of the capital is held by Is Group.

39% of the capital is in free float

Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL

Why IS REIC?

  • Diversified real estate portfolio
  • Office 59%, retail 24% and residential 5%
  • Solid & growing rental income
  • ~TL 244 mn annual rental income, expected to reach TL 330-350 mn
  • Financially strong tenants & long-term leases
  • 58% 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 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 12:48:04 UTC.