Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Total Operating Expense: ₺620 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:TRGYO Torunlar Gayrimenkul Yatirim Ortakligi AS IST:TRGYO
87 GF Score
Price ₺97.30
GF Value ₺79.58
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Torunlar Gayrimenkul Yatirim Ortakligi AS Total Operating Expense?

Torunlar Gayrimenkul Yatirim Ortakligi AS IST:TRGYO -1.17% 87 Total Operating Expense is ₺620 Mil as of Mar. 2026. GuruFocus rates IST:TRGYO with a GF Score™ of 87/100 and a GF Value™ of ₺79.58 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Torunlar Gayrimenkul Yatirim Ortakligi AS's Total Operating Expense for the three months ended in Mar. 2026 was ₺171 Mil. Torunlar Gayrimenkul Yatirim Ortakligi AS's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₺620 Mil.

Torunlar Gayrimenkul Yatirim Ortakligi AS Total Operating Expense Related Terms

Torunlar Gayrimenkul Yatirim Ortakligi AS Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Torunlar Gayrimenkul Yatirim Ortakligi AS's Total Operating Expense 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.

Torunlar Gayrimenkul Yatirim Ortakligi AS Total Operating Expense Chart

Torunlar Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 117.12 436.47 -10,782.58 852.77 667.57

Torunlar 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
Total Operating Expense 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 200.40 138.28 -15.50 326.17 171.21
IST:TRGYO
87GF Score
Torunlar Gayrimenkul Yatirim Ortakligi AS IST:TRGYO
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Torunlar Gayrimenkul Yatirim Ortakligi AS Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺620 Mil.

* 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.

What does a Total Operating Expense of ₺620 Mil mean?
Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) has a Total Operating Expense of ₺620 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Torunlar Gayrimenkul Yatirim Ortakligi AS and its competitors.
Is Torunlar Gayrimenkul Yatirim Ortakligi AS's Total Operating Expense too high?
Torunlar Gayrimenkul Yatirim Ortakligi AS's current Total Operating Expense is ₺620 Mil. Overall, Torunlar Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Torunlar Gayrimenkul Yatirim Ortakligi AS's Total Operating Expense compare to VICI and WPC?
Torunlar Gayrimenkul Yatirim Ortakligi AS's Total Operating Expense of ₺620 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a REITs company?
A good Total Operating Expense depends on the REITs industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Torunlar Gayrimenkul Yatirim Ortakligi AS and its competitors. Torunlar Gayrimenkul Yatirim Ortakligi AS's current Total Operating Expense is ₺620 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torunlar Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺79.58, compared to a current price of ₺97.30 — trading 22.3% above its estimated fair value. The current Total Operating Expense is ₺620 Mil. Torunlar Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 87/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO), the current Total Operating Expense is ₺620 Mil 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 Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Torunlar Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued. The current stock price of ₺97.30 is trading 22.3% above its estimated GF Value™ of ₺79.58. GuruFocus considers Torunlar Gayrimenkul Yatirim Ortakligi AS to be Modestly Overvalued.

Key valuation signals for IST:TRGYO:

  • Total Operating Expense: ₺620 Mil
  • GF Value™: ₺79.58 vs. price of ₺97.30 (22.3% above fair value)
  • GF Score™: 87/100 with 8 warning signs

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

Torunlar Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Ruzgarlibahce Neighborhood Ozalp Exit No. 4, Beykoz, Istanbul, TUR, 34805
Torunlar Gayrimenkul Yatirim Ortakligi AS is engaged in developing living centers, including shopping malls, residences, offices, and hotels, with a focus on people and their lives. Its objective is to invest in retail, residential, entertainment, and office real estate development projects. The group operates in all phases of project development and management, including fundraising, land acquisition, project financing, permitting, design, construction supervision, sales, and marketing. It also undertakes post-project activities such as tenant mix and rent management, rent restructuring, renovation and expansion work, and other activities aimed at maximizing visitor traffic, occupancy rates, and rental income in shopping malls.
87GF Score

Get the complete analysis for IST:TRGYO

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

₺97.30
Price
₺79.58
GF Value