Tskb Gayrimenkul Yatirim Ortakligi Anonim Sirketi · BIST:TSGYO
Tskb Gayrimenkul Yatirim Ortakligi Anonim Sirketi — TSKB Gayrimenkul Yatirim Ortakligi A.S. (TSKB GYO) — Investor Presentation (October 2025)
38 slides from Tskb Gayrimenkul Yatirim Ortakligi Anonim Sirketi's investor presentation, October 2025
Slide 1: Partnering for the Future
Partnering for the Future. Quality-Focused Investment Expertise
Slide 2: Contents
TSKB GYO OCTOBER - 2025 Section 01 The Company Section 02 Real Estate Porfolio Section 03 Financial Data Section 04 TSGYO Stock Performance Contents Section 05 Appendix
Slide 3: The Company
TSKB GYO OCTOBER - 2025 The Company
Slide 4: Company Information
Section 01 / Company TSKB GYO OCTOBER - 2025 Company Name TSKB REAL ESTATE INVESTMENT TRUST. Company Date of Establishment Information 03.02.2006 Listing BORSA İSTANBUL Ticker Symbol TSREIT Address Phone Ömer Avni (212) 334 50 20 Mahallesi Karun Çıkmazı Sokak Fax No:2 / 34427 (212) 334 50 27 Fındıkl
Slide 5: Vision Mission
Section 01 / Company TSKB GYO OCTOBER - 2025 Vision Mission To establish and maintain a To be a “reliable business growing and sustainable partner” with a “pioneering investment portfolio with high role” in its sector returns.
Slide 6: Highlights
Section 01 / Company TSKB GYO OCTOBER - 2025 Established in 2006 as a real estate investment and Highlights development company Strong real estate portfolio with a commercial focus enabling reliable revenues derived from rental income Aim to create a profitable real estate portfolio to provide high
Slide 7: Strong and Sustainable Partnership Structure
Section 01 / Company TSKB GYO OCTOBER - 2025 Strong and Sustainable Partnership Structure Other shareholders & Free THE COMPANY IS ONE OF Float TSKB'S SUBSIDIARIES IN THE 11.39% The company's main partner, REAL ESTATE SECTOR: TSKB, is Turkey's oldest and largest investment and 1. TSKB Real Investmen
Slide 8: Organizational Chart
Section 01 / Company TSKB GYO OCTOBER - 2025 Organizational Chart Management Board General Manager Lawyer Deputy General Manager Real Estate Asset Finance & Financial Affairs & Management & Business Investor Relations Development • Real Estate Asset Management • Financial Reporting • Business Develo
Slide 9: History
Section 01 / Company TSKB GYO OCTOBER - 2025 History 2 0 0 6 / 2 0 0 7 2 0 0 8 / 2 0 1 0 2 0 11 / 2 0 1 5 2 0 1 6 / 2 0 1 8 2 0 1 9 / 2 0 2 4 2006/ February 2008 / July 2011 2016 2020 / OCTOBER Establishment of TSKB TSKB acquired the Adana hotel (Divan Adana) investment Maintain the research to Paid
Slide 10: Investment Strategy
Section 01 / Company TSKB GYO OCTOBER - 2025 Investment Strategy Industrial and The Goal of Growth by Risk Calculation Geographical Focus Project Development TSKB GYO follows an investment TSKB GYO aims to grow through a project Confirming commercial viability at the strategy focused on commercial r
Slide 11: Real Estate Portfolio
TSKB GYO OCTOBER - 2025 Real Estate Portfolio
Slide 12: Portfolio Breakdown
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Portfolio Breakdown As Of 30.09.2025 Hotel 1.008.753.034 TL Divan Adana Hotel 1.008.753.034 TL Office Buildings 3.777.648.186 TL Fındıklı Buildings 3.307.537.942 TL Tahir Han 470.110.245 TL 16% Shopping Center 1.531.336.185 TL Hotel Pendorya
Slide 13: Real Estate Portfolio Summary
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Real Estate Portfolio Summary Pendorya Fındıklı Office Tahir Han Divan Adana Shopping Center Buildings Office Buildings Hotel VALUE (TL 000)* 1.403.480 TL 3.103.634 TL 437.153 TL 938.340 TL Total* 5.882.607 TL Valuations carried out by indepe
Slide 14: Pendorya Shopping Center
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER OCTOBER2025 - 2025 Pendorya Shopping Center Pendik / İstanbul
Slide 15: Pendorya Shopping Center Details
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Pendorya Shopping Center Details 1/2 Location Pendik / İstanbul TSKB GYO Stake %100 Operational Date December 2009 Land Area (sqm) 23.183 Constraction Land (sqm) 80.648 Leasable Area (sqm) 30.573 Anchor Tenants (sqm) • Eskidji Bazaar (9.561 m
Slide 16: Pendorya Shopping Center 2/2
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Pendorya Shopping Center 2/2 It is located in an unsaturated area with high development potential. Pendorya is located at the crossroads of two of Istanbul’s main highways, and is 8 km distant from the Sabiha Gokcen (SG) International Airport
Slide 17: Fındıklı Office Buildings
Bölüm Section0202/ /Real Estate Real Portfolio Estate Porfolio TSKB GYO OCTOBER - 2025 TSKB GYO OCTOBER - 2025 Fındıklı Office Buildings İstanbul
Slide 18: Fındıklı Office Buildings Details 1/2
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Fındıklı Office Buildings Details 1/2 Location İstanbul Fındıklı Building I TSKB GYO Stake %100 Land Area (sqm) 1.196 Leasable Area (sqm) 7.102 Number of Floor 8 Tenant TSKB Appraisal Value(mn. TL) 1.505,76 Million TL TSKB GYO is the 100% own
Slide 19: Fındıklı Office Buildings Details 2/2
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Fındıklı Office Buildings Details 2/2 Location İstanbul Fındıklı Building II TSKB GYO Stake %100 Lnad Area (sqm) 2.430 Leaseable Land (sqm) 10.724 TSKB GYO is the 100% owner of the property. Number of Floors 10 The building has 10.724 sqm of
Slide 20: Tahir Han Office Building
Bölüm Section0202/ / Real RealEstate EstatePortfolio Porfolio TSKB GYO OCTOBER - 2025 TSKB GYO OCTOBER - 2025 Tahir Han Office Building İstanbul
Slide 21: Tahir Han Office Building Details
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Tahir Han Office Building Detaylı Bilgiler Location İstanbul TSKB GYO Stake %74 Land Area (m2) 607 Leasable Area (m2) 3.198 Number of Floor 8 Tenants Various Apprial Value (mn. TL) 437,15 Milyon TL * * It is the value of the share of TSKB GYO
Slide 22: Divan Adana Hotel
Bölüm Section0202/ /Real Estate Real Portfolio Estate Porfolio TSKB GYO OCTOBER - 2025 TSKB GYO OCTOBER - 2025 Divan Adana Hotel Adana
Slide 23: Divan Adana Hotel 1/2
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Divan Adana Hotel 1/2 Details Location Adana – City Center TSKB GYO Stake %50 Opetional Date OCTOBER 2015 Apraisal Value (mn. TL) 938,34 Million TL Rooms 180 Ballroom 516 sqm / 450 people Bar 340 sqm / 120 people Meeting Rooms 7 TSKB GYO acqu
Slide 24: Divan Adana fills need for a comfortable city hotel
Section 02 / Real Estate Porfolio TSKB GYO OCTOBER - 2025 Divan Adana Hotel 2/2 Divan Adana fills need Adana is one of Turkey’s main industrial cities, with additional business growth potential due to investments in the energy and petrochemical for a comfortable city sectors. hotel... The occupancy
Slide 25: Financial Data
TSKB GYO OCTOBER OCTOBER- 2025 2025 Financial Data
Slide 26: Balance Sheet
Section 03 / Financial Data TSKB GYO OCTOBER - 2025 Balance (TL 000) Current Assets Cash and Banks 2024 304.232 108.917 3Q2025 194.498 41.574 Sheet Trade Receivables Other Current Assets 3.927 191.388 2.769 150.155 Non-Current Assets 6.331.640 6.398.435 Investment Valued by Equity Method 46.728 44.3
Slide 27: Income Statement
Section 03 / Financial Data TSKB GYO OCTOBER - 2025 Income Statement (TL 000) 30.09.2024 30.09.2025 Revenues 139.937 154.329 Operating Costs (-) (91.017) (86.272) Net Operating Profit 48.920 68.057 Expenses General Administrative (39.215) (44.718) Expenses Marketing (193) (144) Income From Other Ope
Slide 28: Key Parameters
Section 03 / Financial Data TSKB GYO OCTOBER - 2025 Key Parameters 2024 2025 6.636 6.593 6.318 6.249 5.930 5.902 ASSETS SHAREHOLDER'S EQUİTY R E A L E S TAT E P O R T F O L İ O A S S E T S (Amounts are expressed in TL based on the purchasing power of the Turkish Lira (“TL”) as of September 30, 2025
Slide 29: TSGYO Stock Performance
TSKB GYO OCTOBER - 2025 TSGYO Stock Performance
Slide 30: TSGYO Stock Performance
Section 04 / Stock Performance TSKB GYO OCTOBER - 2025 TSGYO Stock Performance 31.12.2023 31.12.2024 24.10.2025 31.12.2023 31.12.2024 31.12.2024 24.10.2025 XU100 Index 7.470 9.831 10.942 32% 11% REIT Index 2.449 3.558 5.766 46% 61% TSGYO Share Price 6,01 6,95 7,57 16% 9% TSGYO Market Cap (mn TL) 3.9
Slide 31: TSGYO, BIST GYO Index and BIST 100 Index Performance
Section 04 / Stock Performance TSKB GYO OCTOBER - 2025 TSGYO Stock Performance TSGYO, BIST GYO Index ve BIST 100 Index Performance
Slide 32: TSGYO Relative Performance to BIST REIT Index
Section 04 / Stock Performance TSKB GYO OCTOBER - 2025 TSGYO Stock Performance TSGYO - Relative Performance to BIST REIT Index -%32
Slide 33: Net Asset Value
Section 04 / Stock Performance TSKB GYO OCTOBER - 2025 Net Asset Value TSGYO Net Asset Value(NAV) Hotel 1.008.753.034 TL Divan Adana Hotel 1.008.753.034 TL Office Buildings 3.777.648.186 TL Fındıklı Buildings 3.307.537.942 TL Tahir Han Building 470.110.245 TL Shopping Center 1.531.336.185 TL Pendory
Slide 34: Appendix
TSKB GYO OCTOBER - 2025 Appendix
Slide 35: Regulation Highlights
Section 05 / Appendix TSKB GYO OCTOBER - 2025 Regulation Highlights • Capital markets institution, under the supervision of the CMB • Not allowed to carry out construction • >51% of the the portfolio to be invested in real estate • Properties to be valued by independent and CMB licensed appraisal co
Slide 36: Public REIT's
Section 05 / Appendix TSKB GYO OCTOBER - 2025 Public REIT’s • Adra REIT • Avrupakent REIT • İş REIT • Özderici REIT • Torunlar REIT • Ahes REIT • Batı Ege REIT • Kızılbük REIT • Panora REIT • Trend REIT • Akfen REIT • Deniz REIT • Kiler REIT • Pasifik REIT • TSKB REIT • Akiş REIT • Doğuş REIT • Körf
Slide 37: Disclaimer
Section 05 / Appendix TSKB GYO OCTOBER - 2025 Disclaimer This presentation does contain forward-looking statements that reflect the Company management’s current views with respect to certain future events based on the base-case assumptions. Although it is believed that the expectations reflected in
Slide 38: Thank You
THAN K TSKBGYO Y O U
TSKB Gayrimenkul Yatirim Ortakligi A.S. (TSKB GYO) — Investor Presentation (October 2025) on 6ix