{"id":2136,"date":"2026-04-20T19:20:45","date_gmt":"2026-04-20T16:20:45","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2136"},"modified":"2026-04-20T19:35:55","modified_gmt":"2026-04-20T16:35:55","slug":"dzgyo-2026-03-bilano-analizi-deniz-gayrimenkul-yatrm-ortakl","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2136","title":{"rendered":"\ud83d\udd34 Deniz GYO 2026 Finansal Analizi: Zarardan Kara Ge\u00e7i\u015fin Detaylar\u0131"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Deniz GYO 2026 Finansal Analizi: Zarardan Kara Ge\u00e7i\u015fin Detaylar\u0131\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/UlXySj1sObQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>\ud83d\udd34 DZGYO 2026-03 Bilan\u00e7o Analizi | Deniz Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131<\/h2>\n<pre>Deniz GYO 2026 \u0130lk \u00c7eyrek Finansal Raporu \u00d6nemli Noktalar\r\nNet D\u00f6nem Kar\u0131 ve Performans: \u015eirket, 2026 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131nda 5.617.957 TL net d\u00f6nem kar\u0131 elde etmi\u015ftir\r\n. Bu rakam, 2025 y\u0131l\u0131n\u0131n ayn\u0131 d\u00f6neminde kaydedilen 24.590.320 TL'lik zarara k\u0131yasla \u00f6nemli bir finansal iyile\u015fmeyi temsil etmektedir\r\n.\r\nVarl\u0131k Yap\u0131s\u0131: \u015eirketin toplam varl\u0131klar\u0131 31 Mart 2026 itibar\u0131yla 7.656.777.967 TL seviyesindedir\r\n. Bu varl\u0131klar\u0131n b\u00fcy\u00fck bir k\u0131sm\u0131n\u0131 (yakla\u015f\u0131k 4,59 milyar TL) yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkuller olu\u015fturmaktad\u0131r\r\n.\r\nGayrimenkul Portf\u00f6y\u00fc: \u015eirketin portf\u00f6y\u00fcnde \u0130stanbul Bah\u00e7e\u015fehir AVM, Ankara G\u00f6ksu AVM, Karak\u00f6y Otel Binas\u0131, Le Chic Bodrum Otel Binas\u0131 ve Le Chic Tarabya gibi de\u011ferli m\u00fclkler yer almaktad\u0131r\r\n. Ayr\u0131ca Mu\u011fla Sar\u0131germe'de 2071 y\u0131l\u0131na kadar devam eden \u00fcst kullan\u0131m hakk\u0131 bulunmaktad\u0131r\r\n.\r\nHas\u0131lat ve Sat\u0131\u015flar: 2026'n\u0131n ilk \u00e7eyre\u011finde elde edilen toplam has\u0131lat 29.867.010 TL olarak ger\u00e7ekle\u015fmi\u015f olup, bu gelirin neredeyse tamam\u0131 kira gelirlerinden olu\u015fmaktad\u0131r\r\n.\r\nEnflasyon Muhasebesi Etkisi: Finansal tablolar TMS 29 uyar\u0131nca y\u00fcksek enflasyon etkilerine g\u00f6re d\u00fczeltilmi\u015ftir\r\n. Bu d\u00fczeltmeler neticesinde \u015firket, ilk \u00e7eyrekte 77.565.453 TL net parasal pozisyon kayb\u0131 kaydetmi\u015ftir\r\n.\r\n\u00d6zkaynaklar ve Sermaye: \u015eirketin \u00f6denmi\u015f sermayesi 400.000.000 TL olup toplam \u00f6zkaynaklar\u0131 6.246.124.497 TL d\u00fczeyindedir\r\n.<\/pre>\n<h1>Deniz Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. 31 Mart 2026 Ara D\u00f6nem Finansal Brifingi<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Deniz Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. (Deniz GYO), 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011fini kapsayan finansal raporunda, y\u00fcksek enflasyonlu ekonomi ko\u015fullar\u0131na ra\u011fmen k\u00e2rl\u0131l\u0131\u011fa ge\u00e7i\u015f yapt\u0131\u011f\u0131n\u0131 duyurmu\u015ftur. TMS 29 (Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama) standartlar\u0131 uygulanarak haz\u0131rlanan rapor, \u015eirket&#8217;in finansal yap\u0131s\u0131ndaki direnci ve portf\u00f6y y\u00f6netim stratejisini ortaya koymaktad\u0131r.<\/p>\n<p>31 Mart 2026 itibar\u0131yla \u015eirket, <b>5.617.957 TL net d\u00f6nem k\u00e2r\u0131<\/b> elde ederek, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6neminde ger\u00e7ekle\u015fen 24.590.320 TL\u2019lik net zarar\u0131 telafi etmi\u015ftir. \u015eirket&#8217;in toplam varl\u0131klar\u0131 <b>7,66 milyar TL<\/b> seviyesinde olup, \u00f6zkaynaklar\u0131 <b>6,25 milyar TL<\/b> ile g\u00fc\u00e7l\u00fc bir sermaye yap\u0131s\u0131na i\u015faret etmektedir. Yat\u0131r\u0131m faaliyetlerinden elde edilen 193,4 milyon TL&#8217;lik gelir, operasyonel giderler ve 77,5 milyon TL&#8217;lik net parasal kayba kar\u015f\u0131 k\u00e2rl\u0131l\u0131\u011f\u0131n korunmas\u0131nda temel fakt\u00f6r olmu\u015ftur.<\/p>\n<h2>1. Kurumsal Yap\u0131 ve Operasyonel Profil<\/h2>\n<p>Deniz GYO, gayrimenkul projeleri, haklar\u0131 ve sermaye piyasas\u0131 ara\u00e7lar\u0131ndan olu\u015fan bir portf\u00f6y\u00fc i\u015fletmek amac\u0131yla 1995 y\u0131l\u0131nda kurulmu\u015f ve 2013 y\u0131l\u0131nda gayrimenkul yat\u0131r\u0131m ortakl\u0131\u011f\u0131na d\u00f6n\u00fc\u015fm\u00fc\u015ft\u00fcr.<\/p>\n<ul>\n<li><b>Sahiplik Yap\u0131s\u0131:<\/b> \u015eirketin nihai ana orta\u011f\u0131 Emirates NBD Bank PJSC\u2019dir. Ana ortak Denizbank A.\u015e., sermayenin %71,95\u2019ine (A ve B grubu paylar) sahiptir.<\/li>\n<li><b>\u0130nsan Kaynaklar\u0131:<\/b> 31 Mart 2026 itibar\u0131yla \u00e7al\u0131\u015fan say\u0131s\u0131 11 ki\u015fidir.<\/li>\n<li><b>Faaliyet Oda\u011f\u0131:<\/b> \u015eirket portf\u00f6y\u00fcnde Bah\u00e7e\u015fehir AVM, G\u00f6ksu AVM gibi ticari m\u00fclklerin yan\u0131 s\u0131ra Karak\u00f6y ve Bodrum\u2019da otel yat\u0131r\u0131mlar\u0131 ve Tarabya gibi l\u00fcks konut projeleri bulunmaktad\u0131r.<\/li>\n<\/ul>\n<h2>2. Finansal Durum Analizi<\/h2>\n<p>\u015eirket&#8217;in finansal tablolar\u0131, 31 Mart 2026 tarihi itibar\u0131yla sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re d\u00fczeltilmi\u015ftir.<\/p>\n<h3>2.1. Varl\u0131k ve Kaynak Yap\u0131s\u0131<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Varl\u0131k Kalemi (TL)<\/td>\n<td>31 Mart 2026<\/td>\n<td>31 Aral\u0131k 2025<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>3.034.874.581<\/td>\n<td>3.093.285.048<\/td>\n<\/tr>\n<tr>\n<td>&#8211; Nakit ve Nakit Benzerleri<\/td>\n<td>260.043<\/td>\n<td>320.170.114<\/td>\n<\/tr>\n<tr>\n<td>&#8211; Finansal Yat\u0131r\u0131mlar (Likit Fonlar)<\/td>\n<td>2.224.558.834<\/td>\n<td>1.969.662.631<\/td>\n<\/tr>\n<tr>\n<td><b>Duran Varl\u0131klar<\/b><\/td>\n<td>4.621.903.386<\/td>\n<td>4.602.026.377<\/td>\n<\/tr>\n<tr>\n<td>&#8211; Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkuller<\/td>\n<td>4.593.897.771<\/td>\n<td>4.581.582.825<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>7.656.777.967<\/b><\/td>\n<td><b>7.695.311.425<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam \u00d6zkaynaklar<\/b><\/td>\n<td><b>6.246.124.497<\/b><\/td>\n<td><b>6.240.506.540<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Kritik Tespit:<\/b> Nakit varl\u0131klardaki d\u00fc\u015f\u00fc\u015f\u00fcn temel sebebi, 324,6 milyon TL tutar\u0131ndaki net finansal yat\u0131r\u0131m art\u0131\u015f\u0131d\u0131r. \u015eirket, likiditesini Deniz Portf\u00f6y b\u00fcnyesindeki para piyasas\u0131 ve serbest fonlarda de\u011ferlendirmektedir.<\/p>\n<h3>2.2. K\u00e2r veya Zarar Performans\u0131<\/h3>\n<p>\u015eirket&#8217;in br\u00fct k\u00e2r\u0131 bir \u00f6nceki y\u0131la g\u00f6re hafif bir d\u00fc\u015f\u00fc\u015fle 9,3 milyon TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<ul>\n<li><b>Has\u0131lat:<\/b> 29,8 milyon TL (B\u00fcy\u00fck oranda kira gelirlerinden olu\u015fmaktad\u0131r).<\/li>\n<li><b>Esas Faaliyet Zarar\u0131:<\/b> 52,5 milyon TL (Personel ve dan\u0131\u015fmanl\u0131k giderlerini i\u00e7eren 45,1 milyon TL&#8217;lik genel y\u00f6netim giderleri ve kur fark\u0131 zararlar\u0131 bask\u0131 yaratm\u0131\u015ft\u0131r).<\/li>\n<li><b>Yat\u0131r\u0131m Faaliyetlerinden Gelirler:<\/b> 193,4 milyon TL (Likit fonlardan elde edilen y\u00fcksek gelir, d\u00f6nem net k\u00e2r\u0131n\u0131n ana kayna\u011f\u0131d\u0131r).<\/li>\n<li><b>Net Parasal Kay\u0131p:<\/b> 77,5 milyon TL (Y\u00fcksek enflasyon nedeniyle parasal pozisyonlarda olu\u015fan kay\u0131p).<\/li>\n<\/ul>\n<h2>3. Gayrimenkul Portf\u00f6y\u00fc ve Projeler<\/h2>\n<p>\u015eirket portf\u00f6y\u00fc, faal yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkuller, stoklar ve \u00fcst kullan\u0131m haklar\u0131ndan olu\u015fmaktad\u0131r.<\/p>\n<h3>3.1. \u00d6nemli Gayrimenkul Varl\u0131klar\u0131<\/h3>\n<ul>\n<li><b>Le Chic Bodrum Otel Binas\u0131:<\/b> 903,9 milyon TL de\u011ferindedir. \u0130mar mevzuat\u0131na ili\u015fkin devam eden hukuki s\u00fcre\u00e7ler bulunmaktad\u0131r; ancak \u015eirket y\u00f6netimi bu durumun m\u00fclk\u00fcn devrine veya i\u015fletilmesine bir k\u0131s\u0131tlama getirmedi\u011fi g\u00f6r\u00fc\u015f\u00fcndedir.<\/li>\n<li><b>\u0130stanbul Karak\u00f6y Otel Binas\u0131:<\/b> 619,5 milyon TL de\u011ferinde olup tescilli eski eser niteli\u011findedir.<\/li>\n<li><b>Sar\u0131germe \u00dcst Kullan\u0131m Hakk\u0131:<\/b> 2071 y\u0131l\u0131na kadar devam eden bu hak, 113.851 m\u00b2 orman vas\u0131fl\u0131 araziyi kapsamaktad\u0131r. Mevcut in\u015faat seviyesi %77 olup, toplam teknik de\u011feri 5,47 milyar TL olarak takdir edilmi\u015ftir.<\/li>\n<li><b>Bodrum Le Chic Projesi (Stoklar):<\/b> \u00dcretilen 95 ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm\u00fcn 86 adedinin sat\u0131\u015f\u0131 tamamlanm\u0131\u015ft\u0131r. Stok de\u011feri 791,1 milyon TL&#8217;dir.<\/li>\n<\/ul>\n<h3>3.2. De\u011ferleme Esaslar\u0131<\/h3>\n<p>Yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkullerin de\u011ferlemesinde kira de\u011feri (m\u00b2 ba\u015f\u0131 119 &#8211; 1.358 TL) ve sat\u0131\u015f de\u011feri (m\u00b2 ba\u015f\u0131 25.609 &#8211; 281.768 TL) gibi parametreler kullan\u0131lm\u0131\u015ft\u0131r.<\/p>\n<h2>4. Risk Y\u00f6netimi ve Finansal Riskler<\/h2>\n<h3>4.1. Kur Riski<\/h3>\n<p>\u015eirket, \u00f6zellikle Sar\u0131germe projesi kapsam\u0131nda al\u0131nan avanslar nedeniyle (24 milyon Euro) \u00f6nemli bir kur riski ta\u015f\u0131maktad\u0131r. 31 Mart 2026 itibar\u0131yla net yabanc\u0131 para y\u00fck\u00fcml\u00fcl\u00fck pozisyonu <b>1,23 milyar TL<\/b>&#8216;dir. D\u00f6viz kurlar\u0131nda meydana gelebilecek %20&#8217;lik bir art\u0131\u015f\u0131n net k\u00e2r \u00fczerinde 246,4 milyon TL negatif etkisi bulunmaktad\u0131r.<\/p>\n<h3>4.2. Likidite ve Kredi Riski<\/h3>\n<p>\u015eirket, k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fcklerinin (96,7 milyon TL) \u00e7ok \u00fczerinde d\u00f6nen varl\u0131\u011fa (3 milyar TL) sahiptir. Cari oran dengesi olduk\u00e7a g\u00fc\u00e7l\u00fcd\u00fcr. Nakit varl\u0131klar\u0131n tamam\u0131na yak\u0131n\u0131 Denizbank A.\u015e. b\u00fcnyesinde tutulmaktad\u0131r.<\/p>\n<h2>5. Mevzuata Uyum ve Hukuki Durum<\/h2>\n<h3>5.1. Portf\u00f6y S\u0131n\u0131rlamalar\u0131<\/h3>\n<p>SPK&#8217;n\u0131n Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131klar\u0131na \u0130li\u015fkin Esaslar Tebli\u011fi \u00e7er\u00e7evesinde:<\/p>\n<ul>\n<li><b>Gayrimenkul Yat\u0131r\u0131mlar\u0131:<\/b> Toplam varl\u0131klar\u0131n %70&#8217;ini olu\u015fturmaktad\u0131r (Asgari s\u0131n\u0131r %51).<\/li>\n<li><b>Para ve Sermaye Piyasas\u0131 Ara\u00e7lar\u0131:<\/b> Toplam varl\u0131klar\u0131n %29&#8217;unu olu\u015fturmaktad\u0131r (Azami s\u0131n\u0131r %49).<\/li>\n<li><b>Bor\u00e7lanma S\u0131n\u0131r\u0131:<\/b> %2 seviyesindedir (Azami s\u0131n\u0131r %500).<\/li>\n<\/ul>\n<h3>5.2. Davalar<\/h3>\n<p>\u015eirket aleyhine veya lehine devam eden toplam 38 dava\/icra takibi bulunmaktad\u0131r. Bunlar aras\u0131nda kira alaca\u011f\u0131, tahliye ve tasarrufun iptali davalar\u0131 \u00f6ne \u00e7\u0131kmaktad\u0131r. Rapor tarihi itibar\u0131yla finansal tablolar\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde etkileyecek bir hukuki belirsizlik \u00f6ng\u00f6r\u00fclmemektedir.<\/p>\n<h2>6. \u00d6nemli Finansal Notlar ve Taahh\u00fctler<\/h2>\n<ul>\n<li><b>Ertelenmi\u015f Gelirler:<\/b> Uzun vadeli ertelenmi\u015f gelirler 1,22 milyar TL olup, Sar\u0131germe projesi i\u00e7in i\u015fletmeci \u015firketten al\u0131nan avanslar\u0131 temsil etmektedir.<\/li>\n<li><b>Al\u0131nan Teminatlar:<\/b> \u015eirket lehine al\u0131nan teminat mektuplar\u0131n\u0131n toplam\u0131 575,7 milyon TL&#8217;dir; bunun b\u00fcy\u00fck bir k\u0131sm\u0131 Sar\u0131germe projesi s\u00f6zle\u015fmesiyle ili\u015fkilidir.<\/li>\n<li><b>Ertelenmi\u015f Vergi:<\/b> \u015eirket&#8217;in 58,9 milyon TL tutar\u0131nda ertelenmi\u015f vergi y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc bulunmaktad\u0131r.<\/li>\n<li><b>Enflasyon Muhasebesi (TMS 29):<\/b> 31 Mart 2026 endeksi 3.866,40 olarak belirlenmi\u015f, \u00fc\u00e7 y\u0131ll\u0131k k\u00fcm\u00fclatif enflasyon oran\u0131 %205 olarak hesaplanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 class=\"paragraph is-rich-chat-ui heading2 ng-star-inserted\" role=\"heading\" data-start-index=\"5261\" aria-level=\"2\"><span class=\"ng-star-inserted\" data-start-index=\"5261\">Temel Terimler S\u00f6zl\u00fc\u011f\u00fc<\/span><\/h3>\n<table class=\"is-rich-chat-ui\" data-start-index=\"5292\">\n<tbody>\n<tr class=\"ng-star-inserted\">\n<th class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5292\"><span class=\"ng-star-inserted\" data-start-index=\"5292\">Terim<\/span><\/div>\n<\/th>\n<th class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5297\"><span class=\"ng-star-inserted\" data-start-index=\"5297\">Tan\u0131m<\/span><\/div>\n<\/th>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5302\"><b class=\"ng-star-inserted\" data-start-index=\"5302\">TMS 29<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5308\"><span class=\"ng-star-inserted\" data-start-index=\"5308\">Y\u00fcksek enflasyonlu ekonomilerde, paran\u0131n sat\u0131n alma g\u00fcc\u00fcndeki de\u011fi\u015fimi finansal tablolara yans\u0131tmak i\u00e7in kullan\u0131lan muhasebe standard\u0131.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5443\"><b class=\"ng-star-inserted\" data-start-index=\"5443\">Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkul<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5469\"><span class=\"ng-star-inserted\" data-start-index=\"5469\">Mal veya hizmet \u00fcretiminde kullan\u0131lmak yerine, kira geliri veya de\u011fer art\u0131\u015f kazanc\u0131 elde etmek amac\u0131yla tutulan arazi ve binalar.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5598\"><b class=\"ng-star-inserted\" data-start-index=\"5598\">\u00dcst Kullan\u0131m Hakk\u0131<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5616\"><span class=\"ng-star-inserted\" data-start-index=\"5616\">Ba\u015fkas\u0131n\u0131n m\u00fclkiyetinde olan bir arazinin \u00fczerinde yap\u0131 in\u015fa etme veya mevcut yap\u0131y\u0131 kullanma yetkisi veren ayni hak.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5733\"><b class=\"ng-star-inserted\" data-start-index=\"5733\">Beklenen Kredi Zarar\u0131 (BKZ)<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5760\"><span class=\"ng-star-inserted\" data-start-index=\"5760\">Bir finansal arac\u0131n \u00f6mr\u00fc boyunca olu\u015fabilecek temerr\u00fct olaylar\u0131ndan kaynaklanan muhtemel nakit a\u00e7\u0131klar\u0131n\u0131n bug\u00fcnk\u00fc de\u011feri.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5882\"><b class=\"ng-star-inserted\" data-start-index=\"5882\">Hisse Ba\u015f\u0131na Kazan\u00e7<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"5901\"><span class=\"ng-star-inserted\" data-start-index=\"5901\">D\u00f6nem net kar\u0131n\u0131n, piyasadaki a\u011f\u0131rl\u0131kl\u0131 ortalama hisse senedi adedine b\u00f6l\u00fcnmesiyle elde edilen karl\u0131l\u0131k g\u00f6stergesi.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6016\"><b class=\"ng-star-inserted\" data-start-index=\"6016\">Stoklar<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6023\"><span class=\"ng-star-inserted\" data-start-index=\"6023\">\u015eirketin normal faaliyet ak\u0131\u015f\u0131 i\u00e7inde satmak \u00fczere \u00fcretti\u011fi (\u00f6rne\u011fin konut projeleri) veya sat\u0131n ald\u0131\u011f\u0131 varl\u0131klar.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6137\"><b class=\"ng-star-inserted\" data-start-index=\"6137\">\u00d6zkaynaklar<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6148\"><span class=\"ng-star-inserted\" data-start-index=\"6148\">\u015eirket varl\u0131klar\u0131ndan t\u00fcm bor\u00e7lar d\u00fc\u015f\u00fcld\u00fckten sonra kalan, hissedarlara ait net de\u011fer.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6234\"><b class=\"ng-star-inserted\" data-start-index=\"6234\">Parasal Pozisyon Kazanc\u0131<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6258\"><span class=\"ng-star-inserted\" data-start-index=\"6258\">Enflasyonist d\u00f6nemlerde parasal varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fcklerin tutulmas\u0131 sonucu sat\u0131n alma g\u00fcc\u00fcnde meydana gelen de\u011fi\u015fimden kaynaklanan kazan\u00e7 veya kay\u0131p.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6407\"><b class=\"ng-star-inserted\" data-start-index=\"6407\">TFRS 16<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6414\"><span class=\"ng-star-inserted\" data-start-index=\"6414\">Kiralamalar\u0131n bilan\u00e7oda varl\u0131k (kullan\u0131m hakk\u0131) ve y\u00fck\u00fcml\u00fcl\u00fck (kira borcu) olarak g\u00f6sterilmesini zorunlu k\u0131lan standart.<\/span><\/div>\n<\/td>\n<\/tr>\n<tr class=\"ng-star-inserted\">\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6534\"><b class=\"ng-star-inserted\" data-start-index=\"6534\">\u015earta Ba\u011fl\u0131 Y\u00fck\u00fcml\u00fcl\u00fck<\/b><\/div>\n<\/td>\n<td class=\"ng-star-inserted\">\n<div class=\"paragraph is-rich-chat-ui table-paragraph normal ng-star-inserted\" data-start-index=\"6556\"><span class=\"ng-star-inserted\" data-start-index=\"6556\">Ger\u00e7ekle\u015fmesi bir veya daha fazla olaya ba\u011fl\u0131 olan, ancak kesinle\u015fmemi\u015f potansiyel bor\u00e7 veya tazminatlar.<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Deniz GYO, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde g\u00fc\u00e7l\u00fc bir d\u00f6n\u00fc\u015f\u00fcm sergileyerek zarar d\u00f6nemini geride b\u0131rakt\u0131 ve 5,6 milyon TL net kar a\u00e7\u0131klad\u0131. Y\u00fcksek enflasyon ortam\u0131nda TMS 29 standartlar\u0131na g\u00f6re haz\u0131rlanan rapor, \u015firketin 7,6 milyar TL&#8217;lik varl\u0131k y\u00f6netimini ve Le Chic Bodrum gibi prestijli projelerinin g\u00fcncel performans\u0131n\u0131 g\u00f6zler \u00f6n\u00fcne seriyor. Gayrimenkul yat\u0131r\u0131m ortakl\u0131\u011f\u0131 d\u00fcnyas\u0131ndaki bu dikkat \u00e7ekici finansal iyile\u015fmenin detaylar\u0131n\u0131, kira gelirlerindeki art\u0131\u015f\u0131 ve enflasyon muhasebesinin bilan\u00e7oya etkilerini analizimizde ke\u015ffedin.&#8221;<\/p>\n","protected":false},"author":7,"featured_media":1725,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[315],"class_list":["post-2136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-dzgyo"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2136","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2136"}],"version-history":[{"count":3,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2136\/revisions"}],"predecessor-version":[{"id":2142,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2136\/revisions\/2142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1725"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=2136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}