Koray Gayrimenkul Yatirim Ortakligi AS (IST:KGYO) ROE %: 9.12% (As of Mar. 2026) — 315% Above Median

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IST:KGYO Koray Gayrimenkul Yatirim Ortakligi AS IST:KGYO
36 GF Score
Price ₺7.57
GF Value ₺13.51
Valuation Possible Value Trap
! 6 Warning Signs
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What is Koray Gayrimenkul Yatirim Ortakligi AS ROE %?

Koray Gayrimenkul Yatirim Ortakligi AS IST:KGYO +9.87% 36 ROE % is 9.12% as of Mar. 2026, which is 315% above its 10-year median of 2.20. GuruFocus rates IST:KGYO with a GF Score™ of 36/100 and a GF Value™ of ₺13.51 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 935 REITs companies, Koray Gayrimenkul Yatirim Ortakligi AS ranks worse than 99.36% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Koray Gayrimenkul Yatirim Ortakligi AS's annualized net income for the quarter that ended in Mar. 2026 was ₺118 Mil. Koray Gayrimenkul Yatirim Ortakligi AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₺1,292 Mil. Therefore, Koray Gayrimenkul Yatirim Ortakligi AS's annualized ROE % for the quarter that ended in Mar. 2026 was 9.12%.

The historical rank and industry rank for Koray Gayrimenkul Yatirim Ortakligi AS's ROE % or its related term are showing as below:

IST:KGYO' s ROE % Range Over the Past 10 Years
Min: -47.35   Med: 2.2   Max: 120.83
Current: -47.04

During the past 13 years, Koray Gayrimenkul Yatirim Ortakligi AS's highest ROE % was 120.83%. The lowest was -47.35%. And the median was 2.20%.

IST:KGYO's ROE % is ranked worse than
99.36% of 935 companies
in the REITs industry
Industry Median: 6.12 vs IST:KGYO: -47.04

Koray Gayrimenkul Yatirim Ortakligi AS  (IST:KGYO) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=117.8/1291.6605
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(117.8 / 6638.036)*(6638.036 / 8808.4435)*(8808.4435 / 1291.6605)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.77 %*0.7536*6.8195
=ROA %*Equity Multiplier
=1.33 %*6.8195
=9.12 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=117.8/1291.6605
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (117.8 / -242.16) * (-242.16 / -1279.68) * (-1279.68 / 6638.036) * (6638.036 / 8808.4435) * (8808.4435 / 1291.6605)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= -0.4865 * 0.1892 * -19.28 % * 0.7536 * 6.8195
=9.12 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Koray Gayrimenkul Yatirim Ortakligi AS ROE % Related Terms


Koray Gayrimenkul Yatirim Ortakligi AS ROE % Historical Data

* Premium members only.

The historical data trend for Koray Gayrimenkul Yatirim Ortakligi AS's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Koray Gayrimenkul Yatirim Ortakligi AS ROE % Chart

Koray Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.58 -22.74 120.83 -5.53 -47.35

Koray Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.56 -1.49 -20.02 -177.29 9.12

IST:KGYO vs VICI, WPC: ROE % Comparison

For the REIT - Diversified subindustry, Koray Gayrimenkul Yatirim Ortakligi AS's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Koray Gayrimenkul Yatirim Ortakligi AS ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Koray Gayrimenkul Yatirim Ortakligi AS's ROE % distribution charts can be found below:

* The bar in red indicates where Koray Gayrimenkul Yatirim Ortakligi AS's ROE % falls into.


IST:KGYO
36GF Score
Koray Gayrimenkul Yatirim Ortakligi AS IST:KGYO
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Koray Gayrimenkul Yatirim Ortakligi AS ROE % Calculation

Koray Gayrimenkul Yatirim Ortakligi AS's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-754.621/( (1971.485+1215.792)/ 2 )
=-754.621/1593.6385
=-47.35 %

Koray Gayrimenkul Yatirim Ortakligi AS's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=117.8/( (1215.792+1367.529)/ 2 )
=117.8/1291.6605
=9.12 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 9.12% mean?
Koray Gayrimenkul Yatirim Ortakligi AS (IST:KGYO) has a ROE % of 9.12% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Koray Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 315% above median its historical median of 2.20. According to the industry distribution chart, Koray Gayrimenkul Yatirim Ortakligi AS ranks #929 out of 935 companies in the REITs industry, placing it in the top 99.4%.
Is Koray Gayrimenkul Yatirim Ortakligi AS's ROE % too high?
Koray Gayrimenkul Yatirim Ortakligi AS's current ROE % of 9.12% is 315% above median its 10-year median of 2.20. The REITs industry median ROE % is 6.12. Koray Gayrimenkul Yatirim Ortakligi AS's value of 9.12% is 49% above this industry median. Based on the distribution chart, Koray Gayrimenkul Yatirim Ortakligi AS ranks #929 out of 935 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Koray Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Koray Gayrimenkul Yatirim Ortakligi AS's ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, Koray Gayrimenkul Yatirim Ortakligi AS ranks #929 out of 935 companies for ROE %. This places Koray Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median ROE % is 6.12. Koray Gayrimenkul Yatirim Ortakligi AS's value of 9.12% is 49% above this benchmark. While the company's 10-year median is 2.20 vs. the industry median of 6.12, Koray Gayrimenkul Yatirim Ortakligi AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a REITs company?
The median ROE % among REITs companies is 6.12, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Koray Gayrimenkul Yatirim Ortakligi AS's current ROE % of 9.12% is 49% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Koray Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median ROE % is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koray Gayrimenkul Yatirim Ortakligi AS's current ROE % is 9.12%, which is 315% above median its own 10-year median of 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koray Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Koray Gayrimenkul Yatirim Ortakligi AS (IST:KGYO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺13.51, compared to a current price of ₺7.57 — trading 44% below its estimated fair value. The current ROE % is 9.12%, which is 315% above median its 10-year median of 2.20 and 49% above the REITs industry median of 6.12. Koray Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 36/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Koray Gayrimenkul Yatirim Ortakligi AS (IST:KGYO), the current ROE % is 9.12% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Koray Gayrimenkul Yatirim Ortakligi AS (IST:KGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Koray Gayrimenkul Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺7.57 is trading 44% below its estimated GF Value™ of ₺13.51. GuruFocus considers Koray Gayrimenkul Yatirim Ortakligi AS to be Possible Value Trap.

Key valuation signals for IST:KGYO:

  • ROE %: 9.12% (315% above median its 10-year median of 2.20)
  • GF Value™: ₺13.51 vs. price of ₺7.57 (44% below fair value)
  • GF Score™: 36/100 with 6 warning signs
  • Industry Position: 49% above the REITs median (#929 of 935)

No single metric tells the full story. See the IST:KGYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Koray Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Levent Mah. Comert Sk., Yapi Kredi Plaza Sitesi B Blok No:1B Kat 10 Ic Kapi No:26, Besiktas, Istanbul, TUR, 34363
Koray Gayrimenkul Yatirim Ortakligi AS is a real estate investment company. It is engaged in owning, managing, and developing commercial and residential projects such as office buildings, shopping malls, and residential communities.
36GF Score

Get the complete analysis for IST:KGYO

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺7.57
Price
₺13.51
GF Value