** Shares in Emlak Konut REIT BIST:DMLKT dropped about 3% after the company released its Q3 report
** The real estate investment trust reported a Q3 net profit of 194.2 million lira ($4.63 million) down from 3.00 billion lira year ago
** Brokerage Is Yatirim cites "taxes and high financing expanses weighing on net profit", significantly below the brokerage's estimate of 3.13 billion for the company's net profit
** Conversely, Q3 revenue came at 14.21 billion lira versus 11.50 billion lira year ago
** The brokerage states this is above their expectation of 14 billion lira
** Nevertheless, Is Yatirim states they expect a "slightly negative market reaction" due to "high financing expanses and the significant decline in net profit annually"
** The stock is the second worst performer on Turkey's main BIST 100 BIST:XU100 index, which is down 0.96%
($1 = 41.9551 liras)