{"id":1337,"date":"2026-02-20T19:18:35","date_gmt":"2026-02-20T16:18:35","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1337"},"modified":"2026-02-20T23:04:52","modified_gmt":"2026-02-20T20:04:52","slug":"%f0%9f%87%b9%f0%9f%87%b7-akfgy-akfen-gayrimenkul-yatirim-ortakligi-2025-12-faaliyet-raporu-analizi-21-calisanla-846-milyon-euro-yonetmek","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1337","title":{"rendered":"\ud83c\uddf9\ud83c\uddf7 AKFGY | Akfen Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 2025\/12 Faaliyet Raporu Analizi &#8211; 21 \u00c7al\u0131\u015fanla 846 Milyon Euro Y\u00f6netmek"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/AKFGY--Akfen-Gayrimenkul-Yatrm-Ortakl-202512-Faaliyet-Raporu-Analizi---21-alanla-846-Milyon-Euro-Ynetmek-e3fcab6\/a-acg1sf0\" height=\"102px\" width=\"400px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h1>\u015eehir Otelcili\u011finden K\u00fcresel Devli\u011fe: Akfen GYO\u2019nun 2025 Faaliyet Raporundan \u015ea\u015f\u0131rt\u0131c\u0131 5 \u00c7\u0131kar\u0131m<\/h1>\n<h3>1. Giri\u015f: Gayrimenkulde Ezber Bozan Bir D\u00f6n\u00fc\u015f\u00fcm<\/h3>\n<p>Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131klar\u0131 (GYO) dendi\u011finde zihninizde sadece kira toplayan statik binalar m\u0131 canlan\u0131yor? Akfen GYO\u2019nun 2025 y\u0131l\u0131 faaliyet raporu, bu geleneksel alg\u0131y\u0131 k\u00f6kten sarsan bir evrimin hik\u00e2yesini anlat\u0131yor. 1997 y\u0131l\u0131nda temelleri at\u0131lan ve 2006\u2019da GYO stat\u00fcs\u00fc kazanan \u015firket, geride b\u0131rakt\u0131\u011f\u0131 18 y\u0131ll\u0131k stratejik yolculukta &#8220;\u00c7a\u011fda\u015f \u015eehir Otelleri&#8221; konseptinden do\u011fan yerel bir oyuncudan, <b>846 milyon Avro<\/b> de\u011ferinde devasa bir yat\u0131r\u0131m ekosistemine d\u00f6n\u00fc\u015ft\u00fc. Sadece bir otel \u015firketi de\u011fil, risklerini k\u00fcresel \u00f6l\u00e7ekte da\u011f\u0131tan ve &#8220;deneyim&#8221; odakl\u0131 bir yap\u0131ya evrilen Akfen GYO, bug\u00fcn ula\u015ft\u0131\u011f\u0131 665 milyon Avroluk Net Aktif De\u011feri (NAD) ile finansal r\u00fc\u015ft\u00fcn\u00fc bir kez daha ispatl\u0131yor.<\/p>\n<h3>2. Portf\u00f6y Sadece Otelden \u0130baret De\u011fil: \u00c7e\u015fitlili\u011fin G\u00fcc\u00fc<\/h3>\n<p>Akfen GYO, her ne kadar T\u00fcrkiye ve Rusya\u2019da 19 otel ve toplam 3.342 oda kapasitesiyle sekt\u00f6r liderlerinden biri olsa da, 2025 y\u0131l\u0131 portf\u00f6y yap\u0131s\u0131 \u015fa\u015f\u0131rt\u0131c\u0131 bir segment \u00e7e\u015fitlili\u011fine i\u015faret ediyor. Analitik bir bak\u0131\u015f a\u00e7\u0131s\u0131yla; turizm, e\u011fitim, sanayi ve gastronomiye yay\u0131lan bu da\u011f\u0131l\u0131m, \u015firketi tek bir sekt\u00f6r\u00fcn konjonkt\u00fcrel dalgalanmalar\u0131na kar\u015f\u0131 koruyan g\u00fc\u00e7l\u00fc bir kalkan g\u00f6revi g\u00f6r\u00fcyor.<\/p>\n<p>\u015eu anki hibrit portf\u00f6y yap\u0131s\u0131 \u015fu bile\u015fenlerden olu\u015fuyor:<\/p>\n<ul>\n<li><b>Turizm:<\/b> 19 otel (Novotel ve Ibis markal\u0131) ve portf\u00f6y de\u011feri 49 milyon Avroya ula\u015fan Bodrum Loft tatil k\u00f6y\u00fc.<\/li>\n<li><b>E\u011fitim:<\/b> Isparta ve K\u00fctahya\u2019da KYK i\u015fletmesindeki 2 b\u00fcy\u00fck \u00f6\u011frenci yurdu (31 milyon Avro de\u011ferinde).<\/li>\n<li><b>Sanayi ve Ofis:<\/b> Had\u0131mk\u00f6y\u2019deki fabrika ve Rusya\u2019da in\u015faat\u0131 s\u00fcren Samara Ofis binas\u0131.<\/li>\n<li><b>Yarat\u0131c\u0131 Gayrimenkul:<\/b> K\u00fclt\u00fcr ve gastronomi merkezi Terminal Kad\u0131k\u00f6y.<\/li>\n<\/ul>\n<p>&#8220;Akfen GYO\u2019nun yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkul portf\u00f6y\u00fc de\u011feri 2025 y\u0131l sonu itibar\u0131yla 846 milyon Avroya ula\u015ft\u0131.&#8221;<\/p>\n<h3>3. Finansal Dayan\u0131kl\u0131l\u0131k: %38\u2019lik K\u00e2r Art\u0131\u015f\u0131n\u0131n S\u0131rr\u0131<\/h3>\n<p>Y\u00fcksek enflasyon ve makroekonomik dalgalanmalar\u0131n hissedildi\u011fi bir d\u00f6nemde, Akfen GYO net d\u00f6nem k\u00e2r\u0131n\u0131 1,89 milyar TL\u2019den 2,61 milyar TL\u2019ye y\u00fckseltmeyi ba\u015fard\u0131. Bir finansal analist g\u00f6z\u00fcyle bak\u0131ld\u0131\u011f\u0131nda, bu ba\u015far\u0131n\u0131n as\u0131l mimar\u0131 sadece operasyonel gelirler de\u011fil, agresif bor\u00e7 azaltma stratejisidir. \u015eirket, Akfen GT hisse devrinden gelen kayna\u011f\u0131 kullanarak yakla\u015f\u0131k <b>30 milyon Avro<\/b> tutar\u0131nda bor\u00e7 \u00f6demesi ger\u00e7ekle\u015ftirmi\u015f ve kredilerini Vak\u0131fbank \u00fczerinden 84 ay vadeli daha iyi ticari ko\u015fullarla refinanse etmi\u015ftir.<\/p>\n<p>\u015eirketin bir y\u0131ll\u0131k finansal ve kurumsal de\u011fi\u015fim karnesi:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal G\u00f6sterge<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<td>31 Aral\u0131k 2025<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131 (Milyon TL)<\/b><\/td>\n<td>1.890<\/td>\n<td>2.610<\/td>\n<td>+%38<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Portf\u00f6y De\u011feri (Milyon Avro)<\/b><\/td>\n<td>&#8211;<\/td>\n<td>846<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><b>Net Aktif De\u011fer (Milyon Avro)<\/b><\/td>\n<td>&#8211;<\/td>\n<td>665<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><b>\u00c7al\u0131\u015fan Say\u0131s\u0131<\/b><\/td>\n<td>44<\/td>\n<td>21<\/td>\n<td>-%52<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>Analitik G\u00f6zlem: \u00c7al\u0131\u015fan say\u0131s\u0131ndaki belirgin azalma, operasyonel modelin \u00e7ok daha yal\u0131n ve y\u00fcksek verimlilik odakl\u0131 bir kurumsal yap\u0131ya evrildi\u011fini g\u00f6stermektedir.<\/i><\/p>\n<h3>4. Terminal Kad\u0131k\u00f6y: Kamusal Alan\u0131n Yeniden Tan\u0131m\u0131<\/h3>\n<p>S\u00f6\u011f\u00fctl\u00fc\u00e7e\u015fme projesi nam\u0131di\u011fer <b>Terminal Kad\u0131k\u00f6y<\/b>, Akfen GYO\u2019nun &#8220;yarat\u0131c\u0131 gayrimenkul&#8221; vizyonunun zirve noktas\u0131n\u0131 temsil ediyor. TCDD ile yap\u0131lan <b>2052 y\u0131l\u0131na kadar s\u00fcreli Yap-\u0130\u015flet-Devret (BOT)<\/b> modeli s\u00f6zle\u015fmesi, \u015firketin uzun vadeli ve g\u00fcvenli bir nakit ak\u0131\u015f\u0131 kanal\u0131 olu\u015fturdu\u011funu kan\u0131tl\u0131yor. 1 May\u0131s 2025\u2019te faaliyete ge\u00e7en bu merkez, sadece bir ula\u015f\u0131m dura\u011f\u0131 de\u011fil; gastronomi ve sanat\u0131n i\u00e7 i\u00e7e ge\u00e7ti\u011fi bir cazibe merkezi. \u015eirket, bu stratejik projeden y\u0131ll\u0131k <b>9,6 milyon Avro (KDV dahil)<\/b> kira geliri bekliyor ki bu rakam, \u015firketin &#8220;Nakit Fazlas\u0131&#8221; yaratan yeni d\u00f6nemine do\u011frudan katk\u0131 sunuyor.<\/p>\n<h3>5. Florida&#8217;dan Moskova&#8217;ya: S\u0131n\u0131rlar\u0131 A\u015fan Bir Vizyon<\/h3>\n<p>Akfen GYO, yerel riskleri k\u00fcresel f\u0131rsatlarla dengeleyen bir d\u00fcnya oyuncusu kimli\u011fine b\u00fcr\u00fcnd\u00fc. \u015eirket, co\u011frafi s\u0131n\u0131rlar\u0131 a\u015farak \u015fu kritik yat\u0131r\u0131mlara odaklan\u0131yor:<\/p>\n<ul>\n<li><b>ABD (Florida):<\/b> &#8220;Fountains Independent Living&#8221; projeleriyle ba\u011f\u0131ms\u0131z ya\u015fam sekt\u00f6r\u00fcne giri\u015f yap\u0131ld\u0131. \u0130lk fazda %43, ikinci fazda ise %32,5 oran\u0131nda sahiplik pay\u0131yla k\u00fcresel l\u00fcks ya\u015fl\u0131 bak\u0131m pazar\u0131nda stratejik bir mevzi kazan\u0131ld\u0131.<\/li>\n<li><b>Rusya Operasyonlar\u0131:<\/b> Moskova, Kaliningrad, Yaroslavl ve Samara&#8217;daki 4 otel, <b>Tamaris (Accor)<\/b> y\u00f6netiminde g\u00fc\u00e7l\u00fc bir performans sergileyerek doluluk oranlar\u0131n\u0131 8 puanl\u0131k art\u0131\u015fla %64\u2019e ta\u015f\u0131d\u0131.<\/li>\n<\/ul>\n<p>Bu k\u00fcresel a\u00e7\u0131l\u0131m, yerel bir GYO\u2019nun nas\u0131l \u00e7ok uluslu bir varl\u0131k y\u00f6netim devine d\u00f6n\u00fc\u015febilece\u011finin ders niteli\u011finde bir \u00f6rne\u011fidir.<\/p>\n<h3>6. S\u00fcrd\u00fcr\u00fclebilirlik Bir Tercih De\u011fil, \u015eirket Geneti\u011fi<\/h3>\n<p>Akfen GYO i\u00e7in s\u00fcrd\u00fcr\u00fclebilirlik, sadece bir rapor ba\u015fl\u0131\u011f\u0131 de\u011fil, &#8220;Azalan Net Bor\u00e7 \/ FAV\u00d6K&#8221; profili kadar kritik bir finansal performans g\u00f6stergesidir. CDP \u0130klim De\u011fi\u015fikli\u011fi de\u011ferlendirmesindeki <b>&#8220;B Y\u00f6netim Seviyesi&#8221;<\/b> notu ve 1 Ocak 2026 itibar\u0131yla BIST S\u00fcrd\u00fcr\u00fclebilirlik Endeksi\u2019ne yeniden giri\u015f, bu yakla\u015f\u0131m\u0131n somut sonu\u00e7lar\u0131d\u0131r.<\/p>\n<p>&#8220;Gayrimenkul sekt\u00f6r\u00fcnde yaln\u0131zca fiziksel yap\u0131lar geli\u015ftirmiyor, ayn\u0131 zamanda s\u00fcrd\u00fcr\u00fclebilir bir gelecek i\u00e7in kal\u0131c\u0131 de\u011fer yarat\u0131yoruz. \u00c7evresel, sosyal ve y\u00f6neti\u015fim (ESG) ilkelerini i\u015f modelimizin merkezine entegre ediyoruz.&#8221; \u2014 <b>Ece Demirpen\u00e7e, Genel M\u00fcd\u00fcr<\/b><\/p>\n<h3>7. Sonu\u00e7: Gelece\u011fe Bak\u0131\u015f ve D\u00fc\u015f\u00fcnd\u00fcren Soru<\/h3>\n<p>Akfen GYO\u2019nun 2026 rotas\u0131 net: Bor\u00e7lulu\u011fu minimize ederek yarat\u0131lan nakit fazlas\u0131yla yeni ve y\u00fcksek getirili yat\u0131r\u0131mlara odaklanmak. Bu stratejinin en somut \u00f6rne\u011fi, Kocaeli Gebze\u2019de sat\u0131n al\u0131nan <b>141.000 m\u00b2<\/b> b\u00fcy\u00fckl\u00fc\u011f\u00fcndeki devasa lojistik depo arsas\u0131d\u0131r. Ayr\u0131ca, yeni vergi d\u00fczenlemeleri (7524 Say\u0131l\u0131 Kanun) uyar\u0131nca benimsenen <b>en az %50 temett\u00fc da\u011f\u0131t\u0131m politikas\u0131<\/b>, \u015firketi yat\u0131r\u0131mc\u0131 dostu bir b\u00fcy\u00fcme modeline sabitlemi\u015ftir.<\/p>\n<p>Bu tabloyu izlerken kendimize \u015fu soruyu sormal\u0131y\u0131z: <b>Gelece\u011fin gayrimenkul d\u00fcnyas\u0131nda sadece fiziksel binalara sahip olanlar m\u0131 kazanacak, yoksa Akfen GYO \u00f6rne\u011finde oldu\u011fu gibi deneyim, k\u00fcresel \u00e7e\u015fitlilik ve s\u00fcrd\u00fcr\u00fclebilir nakit ak\u0131\u015f\u0131 \u00fczerine kurulu ekosistemler mi?<\/b><\/p>\n<h1><span style=\"color: #3366ff;\">Akfen GYO 2025 Faaliyet Raporu Bilgilendirme Belgesi<\/span><\/h1>\n<p>Bu belge, Akfen Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin (Akfen GYO) 2025 y\u0131l\u0131 faaliyet raporu ve ba\u011f\u0131ms\u0131z denet\u00e7i raporundan sentezlenen temel i\u00e7g\u00f6r\u00fcleri, finansal verileri ve stratejik geli\u015fmeleri kapsaml\u0131 bir \u015fekilde sunmaktad\u0131r.<\/p>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>2025 y\u0131l\u0131, Akfen GYO i\u00e7in portf\u00f6y \u00e7e\u015fitlili\u011fi ve finansal dayan\u0131kl\u0131l\u0131\u011f\u0131n peki\u015fti\u011fi stratejik bir d\u00f6n\u00fcm noktas\u0131 olmu\u015ftur. \u015eirket, geleneksel otel odakl\u0131 yap\u0131s\u0131n\u0131; lojistik, yeme-i\u00e7me, k\u00fclt\u00fcr-sanat ve l\u00fcks konut projeleriyle geni\u015fleterek dinamik bir b\u00fcy\u00fcme sergilemi\u015ftir.<\/p>\n<ul>\n<li><b>Finansal B\u00fcy\u00fcme:<\/b> 2024 y\u0131l\u0131 sonunda 1,89 milyar TL olan net d\u00f6nem k\u00e2r\u0131, %38 art\u0131\u015fla 31 Aral\u0131k 2025 itibar\u0131yla 2,61 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<li><b>Portf\u00f6y De\u011feri:<\/b> Toplam gayrimenkul portf\u00f6y de\u011feri 846 milyon Avro seviyesine ula\u015f\u0131rken, Net Aktif De\u011fer (NAD) 665 milyon Avro olarak kaydedilmi\u015ftir.<\/li>\n<li><b>Stratejik D\u00f6n\u00fc\u015f\u00fcm:<\/b> \u0130stanbul S\u00f6\u011f\u00fctl\u00fc\u00e7e\u015fme\u2019deki &#8220;Terminal Kad\u0131k\u00f6y&#8221; projesinin faaliyete ge\u00e7mesi ve Kocaeli Gebze\u2019de 141 bin m\u00b2\u2019lik lojistik arsa al\u0131m\u0131, \u015firketin gelir kaynaklar\u0131n\u0131 \u00e7e\u015fitlendirme stratejisinin temel ta\u015flar\u0131n\u0131 olu\u015fturmu\u015ftur.<\/li>\n<li><b>Kredi Notu ve G\u00fcven:<\/b> JCR Avrasya Derecelendirme taraf\u0131ndan \u015firketin uzun vadeli ulusal kredi notu &#8220;AA (tr) \/ Stabil&#8221; (\u00e7ok y\u00fcksek kredi kalitesi) olarak teyit edilmi\u015ftir.<\/li>\n<\/ul>\n<h2>Finansal Performans ve Operasyonel Verimlilik<\/h2>\n<p>Akfen GYO, 2025 y\u0131l\u0131nda etkin maliyet y\u00f6netimi ve yeni yat\u0131r\u0131mlardan elde edilen kira gelirleriyle finansal tablosunu g\u00fc\u00e7lendirmi\u015ftir.<\/p>\n<h3>Temel Finansal G\u00f6stergeler<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>G\u00f6sterge<\/td>\n<td>31 Aral\u0131k 2025 De\u011feri<\/td>\n<td>Notlar<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131<\/b><\/td>\n<td>2,61 Milyar TL<\/td>\n<td>\u00d6nceki y\u0131la g\u00f6re %38 art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Portf\u00f6y De\u011feri<\/b><\/td>\n<td>846 Milyon Avro<\/td>\n<td>%15 y\u0131ll\u0131k art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><b>Net Aktif De\u011fer (NAD)<\/b><\/td>\n<td>665 Milyon Avro<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Hisse Kapan\u0131\u015f Fiyat\u0131<\/b><\/td>\n<td>2,57 TL<\/td>\n<td>31.12.2025 itibar\u0131yla<\/td>\n<\/tr>\n<tr>\n<td><b>Piyasa De\u011feri<\/b><\/td>\n<td>10,02 Milyar TL<\/td>\n<td>Yakla\u015f\u0131k 199 Milyon Avro<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Bor\u00e7 Y\u00f6netimi ve Refinansman<\/h3>\n<ul>\n<li><b>Kredi Yap\u0131land\u0131rmas\u0131:<\/b> Credit Europe Bank N.V. kaynakl\u0131 krediler, T\u00fcrkiye Vak\u0131flar Bankas\u0131 T.A.O. ile imzalanan 84 ay vadeli ve iyile\u015fmi\u015f ticari ko\u015fullara sahip yeni bir kredi s\u00f6zle\u015fmesiyle 24 May\u0131s 2024&#8217;te refinanse edilmi\u015ftir.<\/li>\n<li><b>Net Bor\u00e7 Azalt\u0131m\u0131:<\/b> Otel kira gelirlerinden elde edilen nakit fazlas\u0131, kredi anapara bor\u00e7lar\u0131n\u0131n erken kapat\u0131lmas\u0131nda kullan\u0131larak Net Bor\u00e7\/FAV\u00d6K profili iyile\u015ftirilmi\u015ftir.<\/li>\n<\/ul>\n<h2>Gayrimenkul Portf\u00f6y Analizi<\/h2>\n<p>Akfen GYO&#8217;nun portf\u00f6y\u00fc, T\u00fcrkiye, Rusya ve ABD olmak \u00fczere \u00fc\u00e7 \u00fclkeye yay\u0131lm\u0131\u015f durumdad\u0131r.<\/p>\n<h3>1. Konaklama ve Tatil K\u00f6y\u00fc<\/h3>\n<ul>\n<li><b>\u015eehir Otelleri:<\/b> Accor Grubu taraf\u0131ndan i\u015fletilen 19 Novotel ve Ibis markal\u0131 otel (T\u00fcrkiye&#8217;de 15, Rusya&#8217;da 4). Toplam oda say\u0131s\u0131 3.342&#8217;dir.<\/li>\n<li><b>Bodrum Loft:<\/b> Akfen Turizm taraf\u0131ndan i\u015fletilen 5 y\u0131ld\u0131zl\u0131 tatil k\u00f6y\u00fc (De\u011feri: 49 milyon Avro). 2025 y\u0131l\u0131nda biti\u015fikteki 2.098 m\u00b2&#8217;lik hazine arazisinin ek alan olarak tahsisi i\u00e7in \u00c7ED s\u00fcreci ba\u015flat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>2. Yeni Nesil Ticari ve K\u00fclt\u00fcrel Alanlar<\/h3>\n<ul>\n<li><b>Terminal Kad\u0131k\u00f6y (S\u00f6\u011f\u00fctl\u00fc\u00e7e\u015fme):<\/b> 1 May\u0131s 2025&#8217;te faaliyete ge\u00e7en yeme-i\u00e7me ve k\u00fclt\u00fcr merkezi. Y\u0131ll\u0131k 9,6 milyon Avro (KDV dahil) kira geliri hedeflenmektedir. (De\u011feri: 107,1 milyon Avro).<\/li>\n<\/ul>\n<h3>3. E\u011fitim ve Sanayi Yat\u0131r\u0131mlar\u0131<\/h3>\n<ul>\n<li><b>\u00d6\u011frenci Yurtlar\u0131:<\/b> Isparta ve K\u00fctahya&#8217;da bulunan toplam 13 blokluk iki kompleks, Kredi Yurtlar Kurumu taraf\u0131ndan i\u015fletilmektedir (De\u011feri: 31 milyon Avro).<\/li>\n<li><b>Fabrika:<\/b> \u0130stanbul Had\u0131mk\u00f6y&#8217;de bulunan ve kurumsal bir kirac\u0131ya kiralanan fabrika binas\u0131 (De\u011feri: 14 milyon Avro).<\/li>\n<\/ul>\n<h3>4. Geli\u015ftirme A\u015famas\u0131ndaki Projeler<\/h3>\n<ul>\n<li><b>Kocaeli Gebze Lojistik:<\/b> Aral\u0131k 2025&#8217;te 1,39 milyar TL bedelle sat\u0131n al\u0131nan 141.007 m\u00b2 b\u00fcy\u00fckl\u00fc\u011f\u00fcndeki arsa \u00fczerinde modern bir lojistik depo merkezi geli\u015ftirilmesi planlanmaktad\u0131r.<\/li>\n<li><b>Bodrum Yal\u0131kavak:<\/b> 29 adet premium villadan olu\u015fan l\u00fcks konut projesi. 2024 y\u0131l\u0131 i\u00e7inde KDV hari\u00e7 64,8 milyon TL&#8217;lik sat\u0131\u015f ger\u00e7ekle\u015ftirilmi\u015ftir.<\/li>\n<li><b>K\u0131y\u0131k\u0131\u015flac\u0131k (Iasos Loft):<\/b> \u0130n\u015faat ruhsat\u0131 al\u0131nm\u0131\u015f 464 \u00fcnitelik apart tesis yat\u0131r\u0131m\u0131.<\/li>\n<li><b>ABD Florida Projeleri:<\/b> Ba\u011f\u0131ms\u0131z ya\u015fam merkezi konseptli projeler (Faz 1 ve Faz 2). Faz 2 i\u00e7in 2 milyon USD sermaye avans\u0131 g\u00f6nderilerek %32,5 hisse devral\u0131nm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>Stratejik Geli\u015fmeler ve Kurumsal Y\u00f6netim<\/h2>\n<h3>\u00d6nemli Kurumsal Olaylar<\/h3>\n<ul>\n<li><b>Birle\u015fme:<\/b> Akfen Karak\u00f6y Gayrimenkul Yat\u0131r\u0131mlar\u0131 ve \u0130n\u015faat A.\u015e., 28 Mart 2025 itibar\u0131yla Akfen GYO b\u00fcnyesine &#8220;kolayla\u015ft\u0131r\u0131lm\u0131\u015f usulde&#8221; dahil edilmi\u015ftir.<\/li>\n<li><b>Hisse Geri Al\u0131m\u0131:<\/b> 25 Mart 2025&#8217;te ba\u015flat\u0131lan program kapsam\u0131nda, y\u0131l sonuna kadar 49.395.979 adet pay geri al\u0131nm\u0131\u015f (sermayenin %1,27&#8217;si) ve bu s\u00fcre\u00e7 2026 ba\u015f\u0131nda da devam etmi\u015ftir.<\/li>\n<li><b>K\u00e2r Da\u011f\u0131t\u0131m Politikas\u0131:<\/b> Yeni Vergi Kanunu (7524 Say\u0131l\u0131 Kanun) \u00e7er\u00e7evesinde, ta\u015f\u0131nmaz kazan\u00e7lar\u0131n\u0131n en az %50&#8217;sinin da\u011f\u0131t\u0131lmas\u0131na y\u00f6nelik politika de\u011fi\u015fikli\u011fi Genel Kurul onay\u0131na sunulmu\u015ftur.<\/li>\n<\/ul>\n<h3>S\u00fcrd\u00fcr\u00fclebilirlik Performans\u0131<\/h3>\n<ul>\n<li><b>CDP Notu:<\/b> Karbon Saydaml\u0131k Projesi (CDP) 2024 iklim de\u011fi\u015fikli\u011fi de\u011ferlendirmesinde &#8220;B Y\u00f6netim Seviyesi&#8221; notu al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Endeks:<\/b> \u015eirket, 1 Ocak 2026 itibar\u0131yla yeniden B\u0130ST S\u00fcrd\u00fcr\u00fclebilirlik Endeksi&#8217;nde yer almaya hak kazanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h2>\n<p>31 Aral\u0131k 2025 itibar\u0131yla \u015firketin \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 3.900.000.000 TL&#8217;dir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak Ad\u0131<\/td>\n<td>Sermaye Pay\u0131 (TL)<\/td>\n<td>Pay Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Akfen Holding<\/td>\n<td>1.765.386.014<\/td>\n<td>45,27<\/td>\n<\/tr>\n<tr>\n<td>Hamdi Ak\u0131n<\/td>\n<td>397.150.364<\/td>\n<td>10,18<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer (Halka A\u00e7\u0131k)<\/td>\n<td>1.737.463.622<\/td>\n<td>44,55<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>\u0130mtiyazl\u0131 Paylar:<\/b> A, C ve D grubu paylar, y\u00f6netim kurulu \u00fcyelerinin se\u00e7iminde aday g\u00f6sterme imtiyaz\u0131na sahiptir.<\/li>\n<\/ul>\n<h2>Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc ve Kurumsal Riskler<\/h2>\n<p>DRT Ba\u011f\u0131ms\u0131z Denetim (Deloitte) taraf\u0131ndan haz\u0131rlanan 17 \u015eubat 2026 tarihli raporda, y\u00f6netim kurulunun y\u0131ll\u0131k faaliyet raporunda yer alan finansal bilgilerin denetlenen tablolarla tutarl\u0131 oldu\u011fu ve ger\u00e7e\u011fi yans\u0131tt\u0131\u011f\u0131 teyit edilerek <b>olumlu g\u00f6r\u00fc\u015f<\/b> bildirilmi\u015ftir.<\/p>\n<p>\u015eirket y\u00f6netimi, bor\u00e7lar\u0131n\u0131 \u00f6deme g\u00fcc\u00fcne sahip oldu\u011funu ve \u00f6zkaynaklar\u0131n\u0131 (32,9 milyar TL) korudu\u011funu beyan etmi\u015ftir. Ayr\u0131ca, grup aleyhine a\u00e7\u0131lm\u0131\u015f davalar\u0131n finansal durumu etkileyecek \u00f6nemli bir risk te\u015fkil etmedi\u011fi belirtilmi\u015ftir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Akfen GYO 2025 Y\u0131l\u0131nda Rekor Kar ve Stratejik Yat\u0131r\u0131mlarla B\u00fcy\u00fcmesini S\u00fcrd\u00fcrd\u00fc!<br \/>\nAkfen GYO, 2025 y\u0131l\u0131na ait finansal sonu\u00e7lar\u0131n\u0131 a\u00e7\u0131klad\u0131. \u015eirket, bir \u00f6nceki y\u0131la g\u00f6re net kar\u0131n\u0131 %38 oran\u0131nda art\u0131rarak 2,61 milyar TL&#8217;ye ula\u015ft\u0131rmay\u0131 ba\u015fard\u0131. Toplam gayrimenkul portf\u00f6y de\u011ferini 846 milyon Avro seviyesine \u00e7\u0131karan Akfen GYO, sadece rakamsal b\u00fcy\u00fcme de\u011fil, ayn\u0131 zamanda Terminal Kad\u0131k\u00f6y ve Gebze Lojistik Depo gibi projelerle portf\u00f6y \u00e7e\u015fitlili\u011finde de dev ad\u0131mlar att\u0131.<br \/>\nT\u00fcrkiye ve Rusya&#8217;daki 19 oteli, Bodrum Loft tatil k\u00f6y\u00fc ve \u00f6\u011frenci yurtlar\u0131yla geni\u015f bir varl\u0131k taban\u0131na sahip olan \u015firket, k\u00fcresel vizyonu do\u011frultusunda ABD-Florida&#8217;daki senior care (ya\u015fl\u0131 bak\u0131m\u0131) projeleriyle de uluslararas\u0131 alanda b\u00fcy\u00fcmesini s\u00fcrd\u00fcr\u00fcyor. S\u00fcrd\u00fcr\u00fclebilirlik odakl\u0131 yakla\u015f\u0131m\u0131yla BIST S\u00fcrd\u00fcr\u00fclebilirlik Endeksi&#8217;nde yeniden yer alan Akfen GYO, g\u00fc\u00e7l\u00fc \u00f6zkaynak yap\u0131s\u0131 ve artan kira gelirleriyle 2026 y\u0131l\u0131 i\u00e7in de umut verici bir tablo \u00e7iziyor.<br \/>\n\u00d6ne \u00c7\u0131kanlar:<br \/>\n\u2022 39 milyar TL de\u011ferinde dev gayrimenkul portf\u00f6y\u00fc.<br \/>\n\u2022 Yeni nesil gastronomi merkezi Terminal Kad\u0131k\u00f6y faaliyette.<br \/>\n\u2022 Lojistik sekt\u00f6r\u00fcne giri\u015f: Gebze\u2019de 141 d\u00f6n\u00fcml\u00fck stratejik yat\u0131r\u0131m.<br \/>\n\u2022 Uluslararas\u0131 b\u00fcy\u00fcme: Florida ba\u011f\u0131ms\u0131z ya\u015fam projeleri.<br \/>\nAkfen GYO, s\u00fcrd\u00fcr\u00fclebilir bir gelecek i\u00e7in kal\u0131c\u0131 de\u011fer yaratmaya ve hissedarlar\u0131na y\u00fcksek getiri sunmaya devam ediyor.<\/p>\n","protected":false},"author":5,"featured_media":1297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[251],"tags":[13],"class_list":["post-1337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faaliyetraporuanalizi","tag-akfgy"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1337"}],"version-history":[{"count":4,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1337\/revisions"}],"predecessor-version":[{"id":1344,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1337\/revisions\/1344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1297"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}