{"id":247,"date":"2025-12-20T01:37:27","date_gmt":"2025-12-19T22:37:27","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=247"},"modified":"2025-12-20T01:37:27","modified_gmt":"2025-12-19T22:37:27","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-idgyo-idealist-gayrimenkul-2025-9-bilanco-analizi-%f0%9f%a7%bf","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/247","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #IDGYO | \u0130dealist Gayrimenkul 2025\/9 Bilan\u00e7o Analizi |  \ud83e\uddff"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #IDGYO | \u0130dealist Gayrimenkul 2025\/9 Bilan\u00e7o Analizi | \ud83e\uddff\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/5S2vSvEfTeE?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<h1>Gayrimenkul Yat\u0131r\u0131m\u0131nda &#8216;\u0130dealist&#8217; D\u00f6n\u00fc\u015f\u00fcm: 2025 Raporlar\u0131ndan \u00c7\u0131kan 5 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<p><b>1. Giri\u015f: Sermayenin Yeni Rotas\u0131 ve Finansal Mimari<\/b><\/p>\n<p>Finansal piyasalar\u0131n enflasyonist bask\u0131lar ve faiz d\u00f6ng\u00fcleri aras\u0131nda y\u00f6n tayin etmeye \u00e7al\u0131\u015ft\u0131\u011f\u0131 2025 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 \u00e7eyre\u011fi geride kal\u0131rken, gayrimenkul sekt\u00f6r\u00fc &#8220;geleneksel bir bar\u0131nma alan\u0131&#8221; olman\u0131n \u00f6tesine ge\u00e7erek stratejik bir finansal enstr\u00fcmana d\u00f6n\u00fc\u015f\u00fcyor. \u0130dealist GYO\u2019nun (IDGYO) 30 Eyl\u00fcl 2025 itibar\u0131yla kamuoyuna sundu\u011fu faaliyet raporlar\u0131, rakamlar\u0131n so\u011fuk y\u00fcz\u00fcnden ziyade, sermayenin yeni rotas\u0131n\u0131 ve sekt\u00f6rdeki yap\u0131sal d\u00f6n\u00fc\u015f\u00fcm\u00fc f\u0131s\u0131ld\u0131yor. Vizyoner bir yat\u0131r\u0131mc\u0131 i\u00e7in bu raporlar, sadece bir \u015firketin performans d\u00f6k\u00fcm\u00fc de\u011fil; do\u011fru lokasyon ve ni\u015f segment se\u00e7iminin bir portf\u00f6y\u00fc nas\u0131l yeniden in\u015fa edebilece\u011finin stratejik manifestosudur.<\/p>\n<p><b>2. K\u00fcresel Karamsarl\u0131ktan Pozitif Ayr\u0131\u015fmaya: Beklentilerin \u00d6tesindeki Dayan\u0131kl\u0131l\u0131k<\/b><\/p>\n<p>K\u00fcresel ekonomide b\u00fcy\u00fcme tahminlerinin k\u0131r\u0131lgan dengeler \u00fczerinde revize edildi\u011fi bir d\u00f6nemde, T\u00fcrkiye ekonomisi makro g\u00f6stergelerde &#8220;beklenmedik bir dayan\u0131kl\u0131l\u0131k&#8221; sergiliyor. IMF ve D\u00fcnya Bankas\u0131 gibi otoritelerin T\u00fcrkiye i\u00e7in b\u00fcy\u00fcme tahminlerini yukar\u0131 y\u00f6nl\u00fc g\u00fcncellemesi ( %3,5 &#8211; %3,7 band\u0131), gayrimenkul yat\u0131r\u0131mc\u0131s\u0131 \u00fczerindeki psikolojik bariyerleri kald\u0131r\u0131yor. \u00d6zellikle enflasyon beklentilerindeki iyile\u015fme, gayrimenkul\u00fc &#8220;enflasyondan ka\u00e7\u0131\u015f noktas\u0131&#8221; olmaktan \u00e7\u0131kar\u0131p, yeniden &#8220;y\u00fcksek getiri potansiyelli finansal varl\u0131k&#8221; stat\u00fcs\u00fcne y\u00fckseltiyor.<\/p>\n<p>&#8220;IMF, T\u00fcrkiye&#8217;de 2024 y\u0131l\u0131nda y\u00fczde 58,5 olan y\u0131ll\u0131k ortalama enflasyonun 2025 y\u0131l\u0131nda y\u00fczde 34,9&#8217;a gerileyece\u011fini tahmin ederken; 2025 y\u0131l\u0131 b\u00fcy\u00fcme tahminini y\u00fczde 3&#8217;ten y\u00fczde 3,5&#8217;e, 2026 y\u0131l\u0131 tahminini ise y\u00fczde 3,3&#8217;ten y\u00fczde 3,7&#8217;ye y\u00fckseltti.&#8221;<\/p>\n<p>Bu makroekonomik korelasyon, d\u00fc\u015fen enflasyon beklentisiyle birlikte uzun vadeli gayrimenkul yat\u0131r\u0131mlar\u0131n\u0131n reel de\u011fer kazanma s\u00fcrecini tetikleyen en g\u00fc\u00e7l\u00fc kataliz\u00f6r olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n<p><b>3. Kredi Piyasas\u0131n\u0131n Yeniden Is\u0131nmas\u0131: \u0130potekli Sat\u0131\u015flarda %76\u2019l\u0131k B\u00fcy\u00fck Dalga<\/b><\/p>\n<p>2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda T\u00fcrkiye genelinde ger\u00e7ekle\u015fen 1.128.727 adetlik konut sat\u0131\u015f\u0131, ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %19,2\u2019lik bir s\u0131\u00e7ramaya i\u015faret ediyor. Ancak bu tablodaki as\u0131l stratejik veri, ipotekli sat\u0131\u015flarda gizli. Kredi piyasas\u0131n\u0131n yeniden \u0131s\u0131nmaya ba\u015flad\u0131\u011f\u0131n\u0131 kan\u0131tlayan bu de\u011fi\u015fim, pazar\u0131n likidite g\u00fcc\u00fcn\u00fc do\u011frudan etkiliyor.<\/p>\n<ul>\n<li><b>Toplam Sat\u0131\u015f:<\/b> 1.128.727 Adet (%19,2 art\u0131\u015f)<\/li>\n<li><b>\u0130potekli Sat\u0131\u015flar:<\/b> 162.493 Adet (Ge\u00e7en y\u0131lki 92.310 seviyesinden <b>%76,0<\/b>&#8216;l\u0131k muazzam bir art\u0131\u015f)<\/li>\n<li><b>Pazar B\u00f6l\u00fcn\u00fcm\u00fc:<\/b> \u0130lk el sat\u0131\u015flarda 342.641, ikinci el piyasas\u0131nda ise 786.086 adetlik bir hacim olu\u015ftu.<\/li>\n<\/ul>\n<p>Bu veriler, t\u00fcketicinin finansmana eri\u015fim i\u015ftah\u0131n\u0131n geri d\u00f6nd\u00fc\u011f\u00fcn\u00fc ve gayrimenkul\u00fcn finansal kald\u0131ra\u00e7la b\u00fcy\u00fcme d\u00f6nemine yeniden girdi\u011fini g\u00f6steriyor.<\/p>\n<p><b>4. \u015eile&#8217;den Alia\u011fa&#8217;ya: Ni\u015f Projeler ve Kurumsal Nakit Ak\u0131\u015f\u0131n\u0131n G\u00fcc\u00fc<\/b><\/p>\n<p>\u0130dealist GYO, portf\u00f6y\u00fcn\u00fc sadece konut \u00fcretimiyle s\u0131n\u0131rlamayarak, &#8220;gelir \u00fcreten m\u00fclk&#8221; ve &#8220;stratejik depolama&#8221; gibi iki farkl\u0131 kulvarda derinle\u015ftiriyor. \u015eirketin \u015eile\u2019deki &#8220;\u0130dealist Cadde&#8221; projesi, Migros Ticaret A.\u015e. (10 y\u0131l), Coldwell Banker (5+5 y\u0131l) ve BY 307 Mimarl\u0131k (10 y\u0131l) gibi kurumsal kirac\u0131lar\u0131yla, \u00f6ng\u00f6r\u00fclebilir ve s\u00fcrd\u00fcr\u00fclebilir bir kira geliri mekanizmas\u0131 olu\u015fturmu\u015f durumda.<\/p>\n<p>As\u0131l vizyoner hamle ise \u0130zmir Alia\u011fa&#8217;da kendini g\u00f6steriyor. 10.000 m\u00b2&#8217;lik arsa \u00fczerinde, yap\u0131 ruhsat\u0131 28.12.2023 tarihinde al\u0131nan ve <b>14.390 m\u00b2&#8217;lik toplam in\u015faat alan\u0131<\/b> i\u00e7in \u00e7al\u0131\u015fmalar\u0131 ba\u015flat\u0131lan &#8220;Sanayi ve Depolama&#8221; odakl\u0131 proje, \u015firketin lojistik sekt\u00f6r\u00fcndeki b\u00fcy\u00fcmeden pay alma stratejisini somutla\u015ft\u0131r\u0131yor. Bu projenin tamamlanmas\u0131 durumundaki net bug\u00fcnk\u00fc de\u011ferinin <i><b>391.324.500 TL<\/b><\/i> olarak \u00f6ng\u00f6r\u00fclmesi, ni\u015f alanlara yap\u0131lan yat\u0131r\u0131m\u0131n portf\u00f6y de\u011ferini nas\u0131l katlad\u0131\u011f\u0131n\u0131 kan\u0131tl\u0131yor.<\/p>\n<p><b>5. &#8220;Bilan\u00e7o Tamiri&#8221; ve 750 Milyon TL&#8217;lik Sava\u015f Sand\u0131\u011f\u0131<\/b><\/p>\n<p>Finansal tablolara daha yak\u0131ndan bak\u0131ld\u0131\u011f\u0131nda, \u015firketin bir &#8220;operasyonel disiplin&#8221; d\u00f6neminden ge\u00e7ti\u011fi g\u00f6r\u00fcl\u00fcyor. 31.12.2024 itibar\u0131yla yakla\u015f\u0131k <b>195,7 milyon TL<\/b> olan net d\u00f6nem zarar\u0131, 30.09.2025 itibar\u0131yla ba\u015far\u0131l\u0131 bir bilan\u00e7o tamiri operasyonuyla <b>34,8 milyon TL<\/b>&#8216;ye kadar daralt\u0131ld\u0131. Bu keskin iyile\u015fme, finansal kald\u0131ra\u00e7 y\u00f6netimindeki etkinli\u011fi ve maliyet kontrol\u00fcndeki kararl\u0131l\u0131\u011f\u0131 yans\u0131t\u0131yor.<\/p>\n<p>Bunun yan\u0131 s\u0131ra, kay\u0131tl\u0131 sermaye tavan\u0131n\u0131n 2024-2028 vizyonu \u00e7er\u00e7evesinde <b>750.000.000 TL<\/b>&#8216;ye y\u00fckseltilmesi, \u015firketin \u00f6n\u00fcm\u00fczdeki d\u00f6nemdeki b\u00fcy\u00fcme i\u015ftah\u0131 i\u00e7in devasa bir &#8220;sava\u015f sand\u0131\u011f\u0131&#8221; (war chest) olu\u015fturdu\u011funu g\u00f6steriyor. Bu sermaye tavan\u0131 art\u0131\u015f\u0131, \u0130dealist GYO\u2019nun yeni f\u0131rsat alanlar\u0131na agresif bir \u015fekilde girme potansiyelinin teknik altyap\u0131s\u0131n\u0131 olu\u015fturuyor.<\/p>\n<p><b>6. 7 Ki\u015filik Dev Operasyon: Maksimum Verimlilik Analizi<\/b><\/p>\n<p>Modern i\u015f d\u00fcnyas\u0131nda ba\u015far\u0131n\u0131n \u00f6l\u00e7\u00fct\u00fc art\u0131k personel say\u0131s\u0131 de\u011fil, y\u00f6netilen varl\u0131k b\u00fcy\u00fckl\u00fc\u011f\u00fc ba\u015f\u0131na d\u00fc\u015fen verimliliktir. \u0130dealist GYO\u2019nun y\u00fcz milyonlarca liral\u0131k portf\u00f6y\u00fcn\u00fc ve karma\u015f\u0131k has\u0131lat payla\u015f\u0131m\u0131 projelerini sadece <b>7 ki\u015filik<\/b> (2024 sonunda 6) yal\u0131n bir ekiple y\u00f6netmesi, operasyonel verimlilikte bir zirve noktas\u0131d\u0131r. D\u0131\u015f kaynak kullan\u0131m\u0131 ve stratejik i\u015f ortakl\u0131klar\u0131n\u0131 (\u0130dealist \u0130n\u015faat &amp; \u0130dealist GYO \u0130\u015f Ortakl\u0131\u011f\u0131 gibi) ustal\u0131kla y\u00f6neten bu yap\u0131, GYO modelinin \u00e7eviklik prensibini en iyi \u015fekilde temsil ediyor.<\/p>\n<p><b>7. Sonu\u00e7: Stratejik Lokasyonun ve Finansal M\u00fchendisli\u011fin Zaferi<\/b><\/p>\n<p>Eyl\u00fcl sonu verileri \u0131\u015f\u0131\u011f\u0131nda nihai analizde \u015fu soruyu sormak ka\u00e7\u0131n\u0131lmaz: Gayrimenkul art\u0131k sadece bir m\u00fclk edinme yar\u0131\u015f\u0131 m\u0131, yoksa do\u011fru zamanda do\u011fru lokasyonda bulunma stratejisi mi? \u0130dealist GYO\u2019nun daralan zararlar\u0131, Alia\u011fa\u2019daki sanayi d\u00f6n\u00fc\u015f\u00fcm\u00fc ve \u015eile\u2019deki kurumsal nakit ak\u0131\u015f\u0131, cevab\u0131n &#8220;finansal m\u00fchendislik ve stratejik \u00f6ng\u00f6r\u00fc&#8221; oldu\u011funu kan\u0131tl\u0131yor. Gelece\u011fin gayrimenkul d\u00fcnyas\u0131; betonun a\u011f\u0131rl\u0131\u011f\u0131yla de\u011fil, verinin ve stratejinin h\u0131z\u0131yla \u015fekillenecek.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">\u0130DEAL\u0130ST GAYR\u0130MENKUL YATIRIM ORTAKLI\u011eI A.\u015e. 2025 YILI 3. \u00c7EYREK STRATEJ\u0130K ANAL\u0130Z VE FAAL\u0130YET BR\u0130F\u0130NG\u0130<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>\u0130dealist Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. (\u0130DGYO), 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131n\u0131 kapsayan faaliyet d\u00f6neminde, hem portf\u00f6y geli\u015ftirme hem de kurumsal yap\u0131land\u0131rma s\u00fcre\u00e7lerinde kritik ad\u0131mlar atm\u0131\u015ft\u0131r. \u015eirket, kay\u0131tl\u0131 sermaye tavan\u0131n\u0131 750.000.000 TL&#8217;ye y\u00fckselterek gelecek d\u00f6nem yat\u0131r\u0131mlar\u0131 i\u00e7in finansal esneklik sa\u011flam\u0131\u015f, \u0130stanbul \u015eile ve \u0130zmir Alia\u011fa&#8217;daki ana projelerinde operasyonel ilerleme kaydetmi\u015ftir. 30 Eyl\u00fcl 2025 itibar\u0131yla toplam varl\u0131klar\u0131 644,8 milyon TL&#8217;ye ula\u015fan \u015firket, makroekonomik dalgalanmalar ve in\u015faat maliyetlerindeki art\u0131\u015flara ra\u011fmen s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme stratejisini korumaktad\u0131r. D\u00f6nem sonu itibar\u0131yla 34,8 milyon TL net d\u00f6nem zarar\u0131 kaydedilse de, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re finansal performansta toparlanma emareleri g\u00f6zlenmektedir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Kurumsal Yap\u0131 ve Sermaye Dinamikleri<\/h2>\n<h3>1.1 Sermaye Art\u0131r\u0131m\u0131 ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirket, 2025 y\u0131l\u0131 i\u00e7erisinde sermaye yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirmek ad\u0131na \u00f6nemli ad\u0131mlar atm\u0131\u015ft\u0131r:<\/p>\n<ul>\n<li><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131:<\/b> 2024-2028 d\u00f6nemini kapsayacak \u015fekilde 250 milyon TL&#8217;den <b>750.000.000 TL<\/b>&#8216;ye y\u00fckseltilmi\u015f ve Ocak 2025&#8217;te tescil edilmi\u015ftir.<\/li>\n<li><b>\u00d6denmi\u015f Sermaye:<\/b> 150.000.000 TL d\u00fczeyindedir.<\/li>\n<li><b>Halka A\u00e7\u0131kl\u0131k Oran\u0131:<\/b> \u015eirket paylar\u0131n\u0131n %68,98&#8217;i halka a\u00e7\u0131k olup, kalan paylar a\u011f\u0131rl\u0131kl\u0131 olarak Ek\u015fi ailesi \u00fcyeleri (\u0130brahim, Mustafa, Ey\u00fcp ve Mehmet Akif Ek\u015fi) aras\u0131nda da\u011f\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>1.2 Y\u00f6netim ve Personel<\/h3>\n<ul>\n<li><b>Y\u00f6netim Kurulu:<\/b> 5 \u00fcyeden olu\u015fmaktad\u0131r (3 icrac\u0131, 2 ba\u011f\u0131ms\u0131z \u00fcye). Ba\u011f\u0131ms\u0131z \u00fcyeler Mehmet \u015eerif Cem Ata\u00e7 ve Didar Sevdil Y\u0131ld\u0131r\u0131m&#8217;d\u0131r.<\/li>\n<li><b>\u0130nsan Kaynaklar\u0131:<\/b> 30 Eyl\u00fcl 2025 itibar\u0131yla toplam personel say\u0131s\u0131 7&#8217;dir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>2. Ekonomik G\u00f6r\u00fcn\u00fcm ve Sekt\u00f6rel Analiz (2025 Q3)<\/h2>\n<h3>2.1 Makroekonomik Ba\u011flam<\/h3>\n<ul>\n<li><b>K\u00fcresel Durum:<\/b> FED, Eyl\u00fcl 2025&#8217;te politika faizini 25 baz puan indirerek %4.00-%4.25 aral\u0131\u011f\u0131na \u00e7ekmi\u015ftir. IMF, T\u00fcrkiye&#8217;nin 2025 b\u00fcy\u00fcme tahminini %3,5&#8217;e y\u00fckseltmi\u015ftir.<\/li>\n<li><b>T\u00fcrkiye Ekonomisi:<\/b> 2025&#8217;in ikinci \u00e7eyre\u011finde %4,8 b\u00fcy\u00fcme kaydedilmi\u015ftir. TCMB, Eyl\u00fcl ay\u0131nda politika faizini 250 baz puan indirerek <b>%40,5<\/b> seviyesine \u00e7ekmi\u015ftir. Eyl\u00fcl 2025 itibar\u0131yla y\u0131ll\u0131k T\u00dcFE %33,29 olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<h3>2.2 Gayrimenkul ve \u0130n\u015faat Sekt\u00f6r\u00fc<\/h3>\n<ul>\n<li><b>Konut Sat\u0131\u015flar\u0131:<\/b> 2025 Ocak-Eyl\u00fcl d\u00f6neminde sat\u0131\u015flar ge\u00e7en y\u0131la g\u00f6re %19,2 artarak 1.128.727 adede ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>Maliyet Art\u0131\u015flar\u0131:<\/b> A\u011fustos 2025 verilerine g\u00f6re in\u015faat maliyet endeksi y\u0131ll\u0131k %22,82 artm\u0131\u015ft\u0131r. \u00d6zellikle i\u015f\u00e7ilik endeksindeki %30,16&#8217;l\u0131k art\u0131\u015f, sekt\u00f6r \u00fczerindeki maliyet bask\u0131s\u0131n\u0131 yans\u0131tmaktad\u0131r.<\/li>\n<li><b>Borsa Performans\u0131:<\/b> IDGYO hissesi d\u00f6nemi 3,67 TL fiyatla kapatm\u0131\u015f; dokuz ayl\u0131k s\u00fcre\u00e7te en y\u00fcksek 5,00 TL, en d\u00fc\u015f\u00fck 2,07 TL seviyelerini g\u00f6rm\u00fc\u015ft\u00fcr.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>3. Portf\u00f6y Operasyonlar\u0131 ve Proje Detaylar\u0131<\/h2>\n<p>\u015eirketin portf\u00f6y stratejisi, gelir payla\u015f\u0131m\u0131 modelleri ve \u00f6zkaynakl\u0131 arsa geli\u015ftirmeleri \u00fczerine kurgulanm\u0131\u015ft\u0131r.<\/p>\n<h3>3.1 \u0130stanbul \u015eile \u00c7avu\u015f Projesi (\u0130dealist Cadde &amp; Koru)<\/h3>\n<p>Emlak Konut GYO ile has\u0131lat payla\u015f\u0131m\u0131 modeliyle y\u00fcr\u00fct\u00fclen bu projede \u015eirket %49 pay sahibidir.<\/p>\n<ul>\n<li><b>\u0130dealist Cadde:<\/b> 3 blokta 69 ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm.<\/li>\n<li><b>\u0130dealist Koru:<\/b> 17 blokta 68 ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm.<\/li>\n<li><b>Ticari Faaliyetler:<\/b> Migros Ticaret A.\u015e. (6 \u00fcnite), Coldwell Banker (2 \u00fcnite) ve BY 307 Mimarl\u0131k (1 \u00fcnite) gibi kurumsal kirac\u0131larla uzun vadeli (5-10 y\u0131l) kira s\u00f6zle\u015fmeleri imzalanm\u0131\u015ft\u0131r.<\/li>\n<li><b>De\u011ferleme:<\/b> Projedeki 12 adet ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm\u00fcn 31.12.2024 tarihli pazar de\u011feri <b>144.110.000 TL<\/b> olarak tespit edilmi\u015ftir.<\/li>\n<\/ul>\n<h3>3.2 \u0130zmir Alia\u011fa Sanayi ve Depolama Projesi<\/h3>\n<ul>\n<li><b>Varl\u0131k:<\/b> 10.000 m\u00b2 b\u00fcy\u00fckl\u00fc\u011f\u00fcnde, sanayi ve depolama imarl\u0131 arsa.<\/li>\n<li><b>Durum:<\/b> Yap\u0131 ruhsat\u0131 Aral\u0131k 2023&#8217;te al\u0131nm\u0131\u015ft\u0131r. 14.390 m\u00b2 in\u015faat alan\u0131 planlanan projede \u00e7al\u0131\u015fmalar devam etmektedir.<\/li>\n<li><b>De\u011ferleme:<\/b> Mevcut durum de\u011feri 152,2 milyon TL; projenin tamamlanmas\u0131 durumundaki net bug\u00fcnk\u00fc de\u011feri ise <b>391.324.500 TL<\/b> olarak \u00f6ng\u00f6r\u00fclmektedir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>4. Finansal Durum Analizi<\/h2>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla \u015firketin finansal tablolar\u0131ndan derlenen temel veriler a\u015fa\u011f\u0131dad\u0131r:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem (TL)<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>644.806.301<\/td>\n<td>569.564.077<\/td>\n<td>+13,2%<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>166.224.969<\/td>\n<td>141.849.173<\/td>\n<td>+17,2%<\/td>\n<\/tr>\n<tr>\n<td><b>Duran Varl\u0131klar<\/b><\/td>\n<td>478.581.332<\/td>\n<td>427.714.904<\/td>\n<td>+11,9%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>347.147.798<\/td>\n<td>237.146.782<\/td>\n<td>+46,4%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam \u00d6zkaynaklar<\/b><\/td>\n<td>297.658.503<\/td>\n<td>332.417.295<\/td>\n<td>-10,4%<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131\/Zarar\u0131<\/b><\/td>\n<td>(34.807.493)<\/td>\n<td>(195.691.075)*<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>*31.12.2024 verisi y\u0131ll\u0131k toplam\u0131, 30.09.2025 verisi 9 ayl\u0131k toplam\u0131 temsil eder.<\/i><\/p>\n<h3>\u00d6nemli Finansal Notlar:<\/h3>\n<ul>\n<li><b>Bor\u00e7lanma:<\/b> \u015eirketin bor\u00e7lanma s\u0131n\u0131r\u0131 %84 seviyesindedir (Tebli\u011f s\u0131n\u0131r\u0131 \u2264 %500). Bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fcklerinde, \u00f6zellikle k\u0131sa vadeli bor\u00e7lanmalarda belirgin bir art\u0131\u015f g\u00f6zlenmektedir.<\/li>\n<li><b>Stoklar:<\/b> 31.12.2024&#8217;te 43,9 milyon TL olan stoklar, 8,2 milyon TL&#8217;ye gerilemi\u015ftir; bu durum sat\u0131\u015flar\u0131n ger\u00e7ekle\u015fti\u011fine i\u015faret etmektedir.<\/li>\n<li><b>Pe\u015fin \u00d6denmi\u015f Giderler:<\/b> 134,2 milyon TL&#8217;ye y\u00fckselmi\u015f olup, bunun b\u00fcy\u00fck k\u0131sm\u0131 (131,4 milyon TL) ili\u015fkili taraflara (Ek\u015fihan \u0130n\u015faat A.\u015e.) verilen sipari\u015f avanslar\u0131ndan olu\u015fmaktad\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>5. Kurumsal Y\u00f6netim ve S\u00fcrd\u00fcr\u00fclebilirlik<\/h2>\n<ul>\n<li><b>Uyum:<\/b> \u015eirket, SPK&#8217;n\u0131n &#8220;S\u00fcrd\u00fcr\u00fclebilirlik \u0130lkeleri Uyum \u00c7er\u00e7evesi&#8221; kriterlerine uyum \u00e7al\u0131\u015fmalar\u0131n\u0131 &#8220;Uy ya da A\u00e7\u0131kla&#8221; prensibiyle y\u00fcr\u00fctmektedir.<\/li>\n<li><b>Komiteler:<\/b> Denetim, Kurumsal Y\u00f6netim ve Riskin Erken Saptanmas\u0131 komiteleri aktif olarak faaliyet g\u00f6stermektedir. Denetim komitesinin tamam\u0131 ba\u011f\u0131ms\u0131z \u00fcyelerden olu\u015fmaktad\u0131r.<\/li>\n<li><b>Etik \u0130lkeler:<\/b> \u015eirketin etik kurallar\u0131 yaz\u0131l\u0131 hale getirilmi\u015f ve kamuya a\u00e7\u0131klanm\u0131\u015ft\u0131r. Sosyal sorumluluk bilinciyle d\u00f6nem i\u00e7inde 68.468 TL ba\u011f\u0131\u015f yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Davalar:<\/b> \u015eirket aleyhine devam eden 2 adet i\u015f\u00e7ilik alaca\u011f\u0131 davas\u0131 bulunmakta olup, toplam risk 132.869 TL ile s\u0131n\u0131rl\u0131d\u0131r.<\/li>\n<\/ul>\n<h2>Sonu\u00e7<\/h2>\n<p>\u0130dealist GYO, 2025 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fi itibar\u0131yla y\u00fcksek in\u015faat maliyetleri ve s\u0131k\u0131 para politikas\u0131 ortam\u0131nda operasyonel varl\u0131\u011f\u0131n\u0131 s\u00fcrd\u00fcrmektedir. Sermaye tavan\u0131 art\u0131\u015f\u0131 ve Alia\u011fa projesindeki ruhsatlama s\u00fcre\u00e7lerinin tamamlanmas\u0131, \u015firketin orta vadeli b\u00fcy\u00fcme potansiyelini destekleyen temel unsurlard\u0131r. Finansal tablolardaki net zarar durumuna ra\u011fmen, toplam varl\u0131klardaki art\u0131\u015f ve stratejik gayrimenkul portf\u00f6y\u00fc \u015firketin piyasa de\u011ferini koruma \u00e7abas\u0131n\u0131 teyit etmektedir.<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"247\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Gayrimenkul Yat\u0131r\u0131m\u0131nda &#8216;\u0130dealist&#8217; D\u00f6n\u00fc\u015f\u00fcm: 2025 Raporlar\u0131ndan \u00c7\u0131kan 5 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek 1. Giri\u015f: Sermayenin Yeni Rotas\u0131 ve Finansal Mimari Finansal piyasalar\u0131n enflasyonist bask\u0131lar ve faiz d\u00f6ng\u00fcleri aras\u0131nda y\u00f6n tayin etmeye \u00e7al\u0131\u015ft\u0131\u011f\u0131 2025 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 \u00e7eyre\u011fi geride kal\u0131rken, gayrimenkul sekt\u00f6r\u00fc &#8220;geleneksel&#8230; <\/p>\n","protected":false},"author":1,"featured_media":256,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[6,44],"class_list":["post-247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-2025-09","tag-idgyo"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/247","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=247"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/247\/revisions"}],"predecessor-version":[{"id":257,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/247\/revisions\/257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/256"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}