Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2025 Earnings Presentation
26 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2025
Slide 1: Investor Presentation 2025 Q1
INVESTOR PRESENTATION 2025 Q1
Slide 2: About Halk GYO
ABOUT HALK GYO Halk GYO, was established in 2010, invests in real estates, real estate projects, real estate based rights and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Borsa Istanbul -BIST with the code “HLGYO” As of March 31, 2025; Halk GYO ha
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 42.3 Billion Unprojected Lands 2.8% Buildings that generate rental TL 492.5 Million income 97.2% 2025 March Establishment Investor Relations 2
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL «Beykoz Lands» İstanbul “Bizimtepe Aydos” İstanbul Finance Center «Paye Sakarya» «Halk Office Towers» Kocaeli İstanbul “Şekerpınar Office Buildings” “Referans Bakırköy» Kocaeli “Dilovası Modern Industrial Site” Erzurum “Şehristan Residential” Bursa Buiding Es
Slide 5: Real Estate Portfolio: Lands and Projects
REAL ESTATE PORTFOLIO 2025 March LANDS Current Status ¹Fair Value(TL) Antalya Lands Land (Empty) 692,602,977 Beykoz Land Land (Empty) 473,269,896 Salıpazarı Land Land (Car Park) 49,673,528 TOTAL LANDS 1,215,546,401 PROJECTED LANDS & PROJECTS Dilovası Modern Industrial Site In construction and sale 2
Slide 6: Real Estate Portfolio: Buildings That Generate Rental Income
REAL ESTATE PORTFOLIO BUILDINGS THAT GENERATE RENTAL 2025 January - March 2025 March Tenant INCOME Rental Income(TL) Fair Value (TL) İFM Halk Office Block A Bank Headquarters 97,773,668 19,777,901,000 İFM Halk Office Block B Empty - 8,130,147,000 Ataşehir Finance Tower Technopark 36,973,605 3,742,13
Slide 7: Rental Income - Rate of Return
RENTAL INCOME - RATE OF RETURN 0.80% 202.2 Rental Rate of Return Ratio Building Rental 0.49% Income/ Last Appraisal Value 196.3 of Leased Buildings March 2025 March 2024 Rent Income (Million TL) Investor Relations 6
Slide 8: Completed Projects: Ataşehir Finance Tower
COMPLETED PROJECTS ATAŞEHİR FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the İstanbul Finance Center Project while it was under construction. Being in Batı Ataşehir district, which is one of the closest areas to İstanbul Finance Center. Ataşehir Finance Tower su
Slide 9: Completed Projects: Referans Bakırköy
COMPLETED PROJECTS REFERANS BAKIRKÖY Referans Bakırköy is Halk GYO’s first residential project, The project is developed based on a revenue sharing model in which our Company’s share is 50,5 percent. The project which carried out together with Biskon Yapı A.Ş., an association of Kiler Holding, has r
Slide 10: Completed Projects: İstanbul Levent Hotel
COMPLETED PROJECTS İSTANBUL LEVENT HOTEL İstanbul Levent Hotel which was started in 2013 on the Levent land and completed in 2015 is the first hospitality project in Halk GYO’s portfolio. It meets the much felt need for business hotels on Mecidiyeköy-Maslak line, Istanbul Levent Hotel, which aims to
Slide 11: Completed Projects: Eskişehir Panorama Plus
COMPLETED PROJECTS ESKİŞEHİR PANORAMA PLUS The project located in Odunpazarı-Eskişehir, developed on an area of 9,811 sqm and covers 102 independent units consists 97 residential and 5 commercial units. The Project was completed in 2015 and all of the project was sold. Panorama Plus is the first pro
Slide 12: Completed Projects: Şekerpınar Banking Center
COMPLETED PROJECTS ŞEKERPINAR BANKING CENTER Şekerpınar Banking Center which developed on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 9k sqm. Project was completed in 2015 and leased in April of the same year. Center is aimed to be an environ
Slide 13: Completed Projects: Halk Office Şekerpınar
COMPLETED PROJECTS HALK OFFICE ŞEKERPINAR Halk Office Şekerpınar located on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 53k sqm. Halk Office Şekerpınar was sold in May 2023. Investor Relations 12
Slide 14: Completed Projects: Bizimtepe Aydos
COMPLETED PROJECTS BİZİMTEPE AYDOS The residential project, which was implemented through a partnership established in cooperation with Vakıf GYO, is located in the Sancaktepe district of Istanbul. The project is aimed to meet the residential demand in the region with its location close to the Istan
Slide 15: Completed Projects: Şehristan Residential
COMPLETED PROJECTS ŞEHRİSTAN RESIDENTIAL A residential project is planned to be developed on a land located in Yakutiye district of Erzurum province, which was included in the portfolio in April 2016. The land is co-owned equally by Er Konut, a subsidiary of Erzurum Metropolitan Municipality, and Ha
Slide 16: Completed Projects: Salıpazarı Hotel
COMPLETED PROJECTS SALIPAZARI HOTEL The Salıpazarı Building, which served as a bank branch and office, started to serve as a hotel building in 2018 after its renovation was completed. Investor Relations 15
Slide 17: Ongoing Projects: İstanbul Finance Center Halk Office Towers
ONGOING PROJECTS İSTANBUL FINANCE CENTER «HALK OFFICE TOWERS» Our Company, as one of the main stakeholders in the Istanbul Financial Center (IFC) project coordinated by the Ministry of Environment, Urbanization and Climate Change, is constructing two towers on its land within the scope of the projec
Slide 18: Ongoing Projects: Evora İzmir
ONGOING PROJECTS EVORA İZMİR “Teknik Yapı – Halk GYO Joint Venture” has been established providing all profits, liability and revenue to be divided equally with Teknik Yapı A.Ş., the winner of the Revenue Sharing Model Project in Return for Land Sale Tender, made by Emlak Konut GYO A.Ş., in 2017, fo
Slide 19: Ongoing Projects: Dilovası Modern Industrial Site
ONGOING PROJECTS DİLOVASI MODERN INDUSTRIAL SITE In September 2022, the building construction licenses were obtained for the project, which was realized as a result of the revenue sharing agreement in return for land sales at the rate of 47% (Marmara Metal) - 53% (Halk Yapı - our company's 100% subs
Slide 20: Ongoing Projects: Paye Sakarya
ONGOING PROJECTS PAYE SAKARYA Paye Sakarya Project, which was implemented within the framework of the "Cooperation Protocol" signed in December 2021 between the Company and other 3rd party, consists of 426 residences and 34 commercial units of different scales on a total land of 60,000 sqm. Our proj
Slide 21: Financial Tables (TAS-Consolidated)
FINANCIAL TABLES (TAS-Consolidated) BALANCE SHEET -TL MARCH 2025 DECEMBER 2024 INCOME STATEMENT–TL MARCH 2025 MARCH 2024 Current Assets 12,330,873,070 8,709,159,928 Revenue 4,869,907,428 223,402,812 Liquid Assets 2,487,124,744 111,608,590 Income From Sale of Investment Property 4,527,002,415 - Inven
Slide 22: Total Assets, Equity and Net Revenue
Mar.25 54.7 52.7 Mar.24 Billion TL 35.9 34.5 TOPLAM ASSETS EQUITY Million TL 1,485.0 Mar.25 Mar.24 NET REVENUE -672.5 (The amounts are expressed based on the purchasing power of the Turkish Lira as of March 31, 2025.) Investor Relations 21
Slide 23: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES Distribution of Assets Distribution of Liabilities 83% 77% 66% 65% 15% 14% 17% 14% 8% 10% 10% 11% 7% 3% 2025 MARCH 2024 DECEMBER 2025 MARCH 2024 DECEMBER Investment Properties Inventories Others Financial Debts Equity Deferred Income Others Investor Relations 2
Slide 24: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS 2% 2% 3% Income from Sale 14% of Investment Properties 27% Increase in Value of Investment Properties Net Monetary 54% 28% 70% Net Monetary Position Position Rental Income Rental Income Others Others MARCH 2025 MARCH 2024 Investor Relations 23
Slide 25: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of Investment Financial Property Sales 1% 2% 1% 3% 2% Expenses 1% Defrerred Tax Decrease in the Expense Value of 14% Investment Financial Properties Expenses General General 49% Administrative Administrative 18% 45% Expenses Expenses 64% Marketing Marketing Ex
Slide 26: For further information please contact: Investor Relations
For further information please contact: Investor Relations ir@halkgyo.com.tr DISCLAIMER 0 216 600 1000 The information contained in this presentation has been prepared by Halk Gayrimenkul Yatırım Ortaklığı A.Ş. -Halk GYO for informational purposes only. Although the information in this presentation
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