{"id":478,"date":"2025-12-24T23:54:48","date_gmt":"2025-12-24T20:54:48","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=478"},"modified":"2025-12-24T23:54:48","modified_gmt":"2025-12-24T20:54:48","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-pekgy-peker-gayrimenkul-yatirim-ortakligi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/478","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #PEKGY | Peker Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #PEKGY | Peker Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/ThxHB_zUUGE?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>Peker GYO Raporu S\u0131r Perdesini Aralad\u0131: Liderlik De\u011fi\u015fimi, %721&#8217;lik B\u00fcy\u00fcme ve K\u00fcresel Fetihlerin Perde Arkas\u0131<\/h1>\n<h3>Giri\u015f: Rakamlar\u0131n Ard\u0131ndaki Hikaye<\/h3>\n<p>Faaliyet raporlar\u0131, genellikle rakamlar\u0131n ve yasal zorunluluklar\u0131n hakim oldu\u011fu, \u00e7o\u011fu zaman kuru ve karma\u015f\u0131k belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bazen bu belgelerin sat\u0131r aralar\u0131nda, bir \u015firketin gelece\u011fini \u015fekillendiren, derin bir d\u00f6n\u00fc\u015f\u00fcm\u00fcn ve stratejik bir vizyonun izleri gizlidir. Peker Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131&#8217;n\u0131n (GYO) son faaliyet raporu da tam olarak b\u00f6yle bir belge. Bu rapor, rakamlar\u0131n tek ba\u015f\u0131na anlatamayaca\u011f\u0131 bir hikaye sunuyor: %721&#8217;lik bir hisse senedi art\u0131\u015f\u0131, tam bir liderlik devrimi ve sermaye taban\u0131nda yakla\u015f\u0131k 300 katl\u0131k bir geni\u015flemenin \u00f6yk\u00fcs\u00fc.<\/p>\n<p>Bu rapor, sadece finansal verileri de\u011fil; ayn\u0131 zamanda k\u00f6kl\u00fc bir liderlik de\u011fi\u015fimini, k\u00fcresel bir geni\u015fleme hamlesini ve ak\u0131l almaz bir b\u00fcy\u00fcme ivmesini anlatan heyecan verici bir hikaye sunuyor. Gelin, bu kurumsal belgenin i\u00e7inde gizlenen ve \u015firketin gelece\u011fine \u0131\u015f\u0131k tutan en \u00e7arp\u0131c\u0131 be\u015f s\u00fcrprizi birlikte inceleyelim.<\/p>\n<h3>1. Uluslararas\u0131 Arenada Bir G\u00fc\u00e7 Oyuncusu: Sadece T\u00fcrkiye De\u011fil, Almanya ve \u0130spanya da Sahnede<\/h3>\n<p>Peker GYO&#8217;nun sadece yurt i\u00e7i pazarda faaliyet g\u00f6steren bir \u015firket oldu\u011fu alg\u0131s\u0131, raporun detaylar\u0131na inildi\u011finde tamamen de\u011fi\u015fiyor. \u015eirket, riskleri en aza indirme ve hem T\u00fcrkiye&#8217;de hem de Avrupa&#8217;da b\u00fcy\u00fcme stratejisi do\u011frultusunda, sofistike ve dengeli bir uluslararas\u0131 portf\u00f6y in\u015fa etmi\u015f durumda. Bu portf\u00f6y, istikrarl\u0131 nakit ak\u0131\u015f\u0131 sa\u011flayan demirba\u015f varl\u0131klarla, y\u00fcksek b\u00fcy\u00fcme potansiyeli sunan yenilik\u00e7i giri\u015fimleri bir arada bar\u0131nd\u0131r\u0131yor.<\/p>\n<p>Bu stratejinin &#8220;demirba\u015f\u0131&#8221; olarak Almanya&#8217;daki &#8220;Northgate D\u00fcsseldorf&#8221; projesi \u00f6ne \u00e7\u0131k\u0131yor. 431 odas\u0131yla \u015fehrin en b\u00fcy\u00fck otellerinden biri olan bu devasa tesis, &#8220;Novum Oteller Grubuna (https:\/\/www.novum-hotels.com\/en\/novum-hospitality)&#8221; 25+5 y\u0131ll\u0131k bir s\u00fcre i\u00e7in kiralanm\u0131\u015f durumda. Bu uzun vadeli anla\u015fma, \u015firkete \u00f6ng\u00f6r\u00fclebilir ve istikrarl\u0131 bir nakit ak\u0131\u015f\u0131 sa\u011flayarak Avrupa operasyonlar\u0131 i\u00e7in sa\u011flam bir zemin olu\u015fturuyor. Portf\u00f6y, yine Almanya&#8217;daki Kaiserwall binas\u0131 ve Erft Loft Projesi gibi varl\u0131klarla \u00e7e\u015fitleniyor.<\/p>\n<p>Stratejinin &#8220;yenilik\u00e7i b\u00fcy\u00fcme motoru&#8221; ise \u0130spanya&#8217;da kendini g\u00f6steriyor. Ba\u011fl\u0131 ortakl\u0131\u011f\u0131 Peker GYO Spain SL arac\u0131l\u0131\u011f\u0131yla Malaga&#8217;da geli\u015ftirilen &#8220;mod\u00fcler ev projeleri&#8221;, \u015firketin Avrupa&#8217;daki \u00e7evikli\u011fini ve y\u00fcksek marj potansiyelini ortaya koyuyor. Raporda belirtildi\u011fi gibi, geleneksel in\u015faat s\u00fcre\u00e7lerine k\u0131yasla ciddi bir zaman tasarrufu sa\u011flayan bu y\u00f6ntem, \u00f6zkaynak k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rma potansiyeli ta\u015f\u0131yor. Bu dengeli uluslararas\u0131 portf\u00f6y, Peker GYO&#8217;nun sadece yerel bir oyuncu olmad\u0131\u011f\u0131n\u0131, k\u00fcresel emlak pazar\u0131nda bilin\u00e7li ad\u0131mlar atan stratejik bir g\u00fc\u00e7 oldu\u011funu kan\u0131tl\u0131yor.<\/p>\n<h3>2. Sessiz Sedas\u0131z Bir Liderlik Devrimi: Kontrol El De\u011fi\u015ftiriyor<\/h3>\n<p>Raporun en kritik ve d\u00f6n\u00fc\u015ft\u00fcr\u00fcc\u00fc bilgilerinden biri, \u015firketin y\u00f6netim yap\u0131s\u0131nda ya\u015fanan k\u00f6kl\u00fc de\u011fi\u015fim. Bu, basit bir g\u00f6rev devrinin \u00f6tesinde, stratejik kontrol\u00fcn kesin bir \u015fekilde el de\u011fi\u015ftirmesi anlam\u0131na geliyor. \u015eirketin y\u00f6netim kontrol\u00fcne sahip orta\u011f\u0131 Hasan Peker, elindeki imtiyazl\u0131 <b>&#8220;A grubu&#8221;<\/b> paylar\u0131n tamam\u0131n\u0131n devri i\u00e7in &#8220;Tera Yat\u0131r\u0131m Holding A.\u015e.&#8221; ile bir &#8220;Pay Al\u0131m Sat\u0131m S\u00f6zle\u015fmesi&#8221; imzalad\u0131.<\/p>\n<p>Bu devrin kilit noktas\u0131 &#8220;A grubu&#8221; paylar\u0131n niteli\u011finde yat\u0131yor. Faaliyet raporunda a\u00e7\u0131k\u00e7a belirtildi\u011fi gibi, <i>&#8220;A Grubu paylar\u0131n Y\u00f6netim Kurulu \u00fcyelerinin se\u00e7iminde aday g\u00f6sterme imtiyaz\u0131 vard\u0131r.&#8221;<\/i> Bu, sahiplerine y\u00f6netim kurulunun \u00e7o\u011funlu\u011funu belirleme ve dolay\u0131s\u0131yla \u015firketin stratejik y\u00f6n\u00fcn\u00fc tayin etme g\u00fcc\u00fc veren yasal mekanizmad\u0131r. Dolay\u0131s\u0131yla bu hisselerin devri, sadece m\u00fclkiyetin de\u011fil, \u015firketin gelece\u011fini \u015fekillendirecek olan kontrol g\u00fcc\u00fcn\u00fcn de devredildi\u011fi anlam\u0131na gelmektedir. Bu s\u00fcrecin bir yans\u0131mas\u0131 olarak, 5 Eyl\u00fcl 2025&#8217;te Emre Tezmen yeni Y\u00f6netim Kurulu Ba\u015fkan\u0131 olarak atanm\u0131\u015ft\u0131r. Bu geli\u015fme, \u015firketin kurucu liderli\u011finden yeni bir d\u00f6neme ge\u00e7ti\u011finin ve taze bir stratejik y\u00f6nelim benimsedi\u011finin en net g\u00f6stergesidir.<\/p>\n<h3>3. Yeni Bir D\u00f6nem, Yeni Bir \u0130sim: Peker GYO Tarih Oluyor<\/h3>\n<p>Liderlik de\u011fi\u015fimini takiben at\u0131lan en somut ad\u0131m, \u015firketin kimli\u011fini de yeniden tan\u0131ml\u0131yor. Y\u00f6netim kurulu, \u015firketin ticari unvan\u0131n\u0131n &#8220;Peker Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 Anonim \u015eirketi&#8221;nden &#8220;Tera Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 Anonim \u015eirketi&#8221; olarak de\u011fi\u015ftirilmesi y\u00f6n\u00fcnde bir teklif karar\u0131 ald\u0131.<\/p>\n<p>Bu, kozmetik bir de\u011fi\u015fiklikten \u00e7ok daha fazlas\u0131n\u0131 ifade ediyor; bu, pazar alg\u0131s\u0131n\u0131 yeni kontrol sahibi olan Tera Holding&#8217;in marka de\u011feriyle uyumlu hale getirmeyi ama\u00e7layan kritik bir yeniden markala\u015fma giri\u015fimidir. Yeni isim, \u015firketin kurumsal kimli\u011fini gelecekteki y\u00f6r\u00fcngesiyle b\u00fct\u00fcnle\u015ftirerek, liderlik devrimiyle ba\u015flayan yeni d\u00f6nemin alt\u0131n\u0131 \u00e7iziyor ve \u015firketin gelece\u011fe y\u00f6nelik iddias\u0131n\u0131 peki\u015ftiriyor.<\/p>\n<h3>4. Ak\u0131l Almaz Y\u00fckseli\u015f: %721&#8217;lik Hisse Performans\u0131 Nereden Geldi?<\/h3>\n<p>Raporun &#8220;Hisse Performans\u0131&#8221; b\u00f6l\u00fcm\u00fc, belki de en \u015fa\u015f\u0131rt\u0131c\u0131 veriyi ortaya koyuyor. 2025 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde, Borsa \u0130stanbul GYO endeksi (B\u0130STGMYO) %55&#8217;lik bir art\u0131\u015f kaydederken, Peker GYO&#8217;nun hisseleri %721 gibi ola\u011fan\u00fcst\u00fc bir y\u00fckseli\u015f performans\u0131 sergiledi.<\/p>\n<p>Rapor bu performans\u0131, yak\u0131n zamanda tamamlanan sermaye art\u0131r\u0131m\u0131 ile g\u00fc\u00e7lenen sermaye yap\u0131s\u0131na ve artan kurumsal yat\u0131r\u0131mc\u0131 ilgisine ba\u011fl\u0131yor. Ancak bu rakamlar\u0131n arkas\u0131ndaki daha derin hikaye, piyasan\u0131n \u015firketteki d\u00f6n\u00fc\u015f\u00fcme verdi\u011fi co\u015fkulu yan\u0131tt\u0131r. %721&#8217;lik bu art\u0131\u015f, yat\u0131r\u0131mc\u0131lar\u0131n sadece g\u00fc\u00e7lenen bir bilan\u00e7oyu de\u011fil, ayn\u0131 zamanda Tera Holding&#8217;in kontrol\u00fc devralmas\u0131yla ba\u015flayan yeni stratejik vizyonu ve liderlik yap\u0131s\u0131n\u0131 da b\u00fcy\u00fck bir g\u00fcvenle fiyatlad\u0131\u011f\u0131n\u0131 g\u00f6stermektedir. Bu, piyasan\u0131n yeni d\u00f6neme ne kadar olumlu tepki verdi\u011finin en somut kan\u0131t\u0131d\u0131r.<\/p>\n<h3>5. \u0130nan\u0131lmaz B\u00fcy\u00fcme: 17 Milyon TL&#8217;den 5 Milyar TL&#8217;ye Uzanan Sermaye Yolculu\u011fu<\/h3>\n<p>\u015eirketin son y\u0131llardaki agresif b\u00fcy\u00fcme stratejisi, sermaye yap\u0131s\u0131ndaki ba\u015f d\u00f6nd\u00fcr\u00fcc\u00fc evrimde net bir \u015fekilde g\u00f6r\u00fcl\u00fcyor. Raporun &#8220;Tarih\u00e7e&#8221; b\u00f6l\u00fcm\u00fc, basit bir b\u00fcy\u00fcmeden ziyade, <i>ivmelenen<\/i> bir sermaye enjeksiyonu s\u00fcrecini belgeliyor. 2017&#8217;de 17.000.000 TL sermaye ile yola \u00e7\u0131kan \u015firket, 2021 y\u0131l\u0131na gelindi\u011finde sermayesini 669 milyon TL&#8217;ye \u00e7\u0131karm\u0131\u015ft\u0131.<\/p>\n<p>As\u0131l patlama ise sonras\u0131nda ya\u015fand\u0131. \u015eirket, 2024 y\u0131l\u0131 sonunda sermayesini 2,5 milyar TL&#8217;ye ula\u015ft\u0131rarak devasa bir s\u0131\u00e7rama ger\u00e7ekle\u015ftirdi. Bu ivme 2025&#8217;te daha da artt\u0131 ve \u015firket, sadece dokuz ay i\u00e7inde tamamlad\u0131\u011f\u0131 son %100&#8217;l\u00fck bedelli sermaye art\u0131\u015f\u0131yla \u00e7\u0131kar\u0131lm\u0131\u015f sermayesini 5.000.000.000 TL&#8217;ye ta\u015f\u0131d\u0131. Birka\u00e7 y\u0131l i\u00e7inde 17 milyon TL&#8217;den 5 milyar TL&#8217;ye uzanan bu yolculuk, \u015firketin b\u00fcy\u00fcme i\u015ftah\u0131n\u0131n ve piyasadan \u00f6nemli \u00f6l\u00e7\u00fcde yat\u0131r\u0131m \u00e7ekme kapasitesinin ne denli artt\u0131\u011f\u0131n\u0131 a\u00e7\u0131k\u00e7a ortaya koyuyor.<\/p>\n<h3>Sonu\u00e7: Ufukta Ne Var?<\/h3>\n<p>Peker GYO&#8217;nun faaliyet raporu, rakamlar\u0131n \u00f6tesinde bir yeniden do\u011fu\u015f hikayesi anlat\u0131yor. Kar\u015f\u0131m\u0131zda art\u0131k yeni bir isim, yeni bir kaptan, etkileyici bir uluslararas\u0131 portf\u00f6y ve ola\u011fan\u00fcst\u00fc bir finansal performans grafi\u011fi \u00e7izen bir \u015firket var. T\u00fcm bu geli\u015fmeler, \u015firketin sadece bir GYO olmaktan \u00e7\u0131k\u0131p, k\u00fcresel \u00f6l\u00e7ekte iddial\u0131 bir yat\u0131r\u0131m platformuna d\u00f6n\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor.<\/p>\n<p>Yeni kaptan\u0131 ve yeni ismiyle, Tera GYO&#8217;nun k\u00fcresel emlak sahnesindeki bir sonraki ad\u0131m\u0131 ne olacak?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Peker GYO A.\u015e. 30.09.2025 D\u00f6nemi Faaliyet Raporu ve Finansal Durum De\u011ferlendirmesi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, Peker Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin (Peker GYO) 30 Eyl\u00fcl 2025&#8217;te sona eren dokuz ayl\u0131k d\u00f6neme ait faaliyetlerini ve finansal performans\u0131n\u0131 kapsaml\u0131 bir \u015fekilde analiz etmektedir. D\u00f6nem, \u015firket i\u00e7in \u00f6nemli stratejik d\u00f6n\u00fc\u015f\u00fcmlere, g\u00fc\u00e7l\u00fc finansal hamlelere ve ola\u011fan\u00fcst\u00fc piyasa performans\u0131na sahne olmu\u015ftur.<\/p>\n<p>\u00d6ne \u00e7\u0131kan temel bulgular \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Stratejik Y\u00f6netim De\u011fi\u015fikli\u011fi ve Yeniden Yap\u0131lanma:<\/b> D\u00f6nemin en belirleyici geli\u015fmesi, Tera Yat\u0131r\u0131m Holding A.\u015e.&#8217;nin ortakl\u0131k yap\u0131s\u0131na dahil olmas\u0131 ve Y\u00f6netim Kurulu Ba\u015fkan\u0131 olarak Emre Tezmen&#8217;in atanmas\u0131d\u0131r. Bu de\u011fi\u015fimi takiben, \u015firketin unvan\u0131n\u0131n &#8220;Tera Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 Anonim \u015eirketi&#8221; olarak de\u011fi\u015ftirilmesi karar\u0131, \u015firketin yeni bir stratejik vizyon benimsedi\u011fini g\u00f6stermektedir.<\/li>\n<li><b>G\u00fc\u00e7l\u00fc Sermaye Yap\u0131s\u0131:<\/b> \u015eirket, \u00f6zkaynak yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirmek amac\u0131yla tamam\u0131 nakden kar\u015f\u0131lanan %100 oran\u0131nda bedelli sermaye art\u0131r\u0131m\u0131 ger\u00e7ekle\u015ftirerek \u00e7\u0131kar\u0131lm\u0131\u015f sermayesini 2,5 milyar TL&#8217;den 5 milyar TL&#8217;ye y\u00fckseltmi\u015ftir. Bu hamle, \u015firketin b\u00fcy\u00fcme ve yat\u0131r\u0131m kapasitesini \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rm\u0131\u015ft\u0131r.<\/li>\n<li><b>Aktif Portf\u00f6y Y\u00f6netimi:<\/b> \u015eirket, Almanya&#8217;daki i\u015ftiraki Nordstern D\u00fcsseldorf GmbH&#8217;nin 17,6 milyon Euro bedelle sat\u0131\u015f\u0131na y\u00f6nelik bir s\u00f6zle\u015fme imzalayarak portf\u00f6y\u00fcnde \u00f6nemli bir realizasyon ger\u00e7ekle\u015ftirmi\u015ftir. E\u015f zamanl\u0131 olarak, ba\u011fl\u0131 ortakl\u0131\u011f\u0131 Digh Maslak arac\u0131l\u0131\u011f\u0131yla \u0130stanbul Sar\u0131yer&#8217;de 1,51 milyar TL bedelle stratejik bir arsa sat\u0131n al\u0131m\u0131 yaparak yurt i\u00e7i portf\u00f6y\u00fcn\u00fc g\u00fc\u00e7lendirmi\u015ftir.<\/li>\n<li><b>Finansal Performans:<\/b> 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda \u015eirket, 914,1 milyon TL has\u0131lat ve 403,9 milyon TL net d\u00f6nem kar\u0131 elde etmi\u015ftir. Bu sonu\u00e7lar, \u015firketin operasyonel verimlili\u011fini ve proje geli\u015ftirme kabiliyetini yans\u0131tmaktad\u0131r.<\/li>\n<li><b>Ola\u011fan\u00fcst\u00fc Hisse Performans\u0131:<\/b> PEKGY hisseleri, 2025 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde GYO Endeksi&#8217;nin %55&#8217;lik ve B\u0130ST100 Endeksi&#8217;nin %12,6&#8217;l\u0131k art\u0131\u015flar\u0131na k\u0131yasla %721&#8217;lik dikkat \u00e7ekici bir y\u00fckseli\u015f kaydetmi\u015ftir. Bu performansta, tamamlanan sermaye art\u0131r\u0131m\u0131 ve kurumsal yat\u0131r\u0131mc\u0131 ilgisinin etkili oldu\u011fu de\u011ferlendirilmektedir.<\/li>\n<\/ul>\n<p>Sonu\u00e7 olarak, 2025 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 \u00e7eyre\u011fi, Peker GYO&#8217;nun sermaye yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirdi\u011fi, uluslararas\u0131 portf\u00f6y\u00fcn\u00fc rasyonelle\u015ftirdi\u011fi, stratejik y\u00f6netim de\u011fi\u015fiklikleriyle yeni bir d\u00f6neme haz\u0131rland\u0131\u011f\u0131 ve piyasada ola\u011fan\u00fcst\u00fc bir de\u011fer kazand\u0131\u011f\u0131 bir d\u00f6n\u00fc\u015f\u00fcm d\u00f6nemi olarak \u00f6ne \u00e7\u0131kmaktad\u0131r.<\/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 Stratejik Y\u00f6nelim<\/h2>\n<h3>1.1. \u015eirket Kimli\u011fi ve Tarih\u00e7e<\/h3>\n<p>Peker Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. (&#8220;Peker GYO&#8221; veya &#8220;\u015eirket&#8221;), 25 Nisan 2017&#8217;de Peker Holding A.\u015e.&#8217;den k\u0131smi b\u00f6l\u00fcnme yoluyla &#8220;Peker Investment Gayrimenkul Anonim \u015eirketi&#8221; unvan\u0131yla kurulmu\u015ftur. Sermaye Piyasas\u0131 Kurulu&#8217;nun onay\u0131 ile 28 Eyl\u00fcl 2017&#8217;de unvan\u0131n\u0131 &#8220;Peker Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8221; olarak de\u011fi\u015ftirerek bir gayrimenkul yat\u0131r\u0131m ortakl\u0131\u011f\u0131na d\u00f6n\u00fc\u015fm\u00fc\u015ft\u00fcr. \u015eirket hisseleri, 22 \u015eubat 2018&#8217;den itibaren Borsa \u0130stanbul&#8217;da (B\u0130ST) &#8220;PEKGY.E&#8221; i\u015flem koduyla i\u015flem g\u00f6rmektedir. Raporlama d\u00f6nemi itibar\u0131yla halka a\u00e7\u0131kl\u0131k oran\u0131 %93,32&#8217;dir.<\/p>\n<h3>1.2. Vizyon, Misyon ve Yat\u0131r\u0131m Stratejisi<\/h3>\n<ul>\n<li><b>Vizyon:<\/b> T\u00fcrkiye&#8217;de ve d\u00fcnyada riski minimize ederek karl\u0131 projelerle istikrarl\u0131 bir \u015fekilde b\u00fcy\u00fcyen, konusunda \u00f6nc\u00fc ve sayg\u0131n bir d\u00fcnya \u015firketi olmak.<\/li>\n<li><b>Misyon:<\/b> Hissedarlar\u0131na, payda\u015flar\u0131na ve m\u00fc\u015fterilerine kar\u015f\u0131 d\u00fcr\u00fcstl\u00fc\u011f\u00fc ve haklar\u0131n\u0131 korumay\u0131 temel felsefe edinerek, \u00f6ng\u00f6r\u00fclebilir bir b\u00fcy\u00fcme sa\u011flamak ve gayrimenkul portf\u00f6y de\u011ferini art\u0131rmak.<\/li>\n<li><b>Yat\u0131r\u0131m Stratejisi:<\/b>\n<ul>\n<li>T\u00fcrkiye ve Avrupa&#8217;da (\u00f6zellikle \u0130ngiltere ve Almanya) yat\u0131r\u0131m portf\u00f6y\u00fcn\u00fc b\u00fcy\u00fctmek ve \u00e7e\u015fitlendirmek.<\/li>\n<li>Y\u00fcksek b\u00fcy\u00fcme potansiyeli ta\u015f\u0131yan b\u00f6lgelerde ve gayrimenkul t\u00fcrlerinde f\u0131rsatlar\u0131 de\u011ferlendirmek.<\/li>\n<li>D\u00fcnya standartlar\u0131nda projelerle marka de\u011feri y\u00fcksek alanlar yaratmak.<\/li>\n<li>Kira getirisi y\u00fcksek alanlar yaratarak d\u00fczenli gelir sa\u011flamak.<\/li>\n<li>Y\u00fcksek k\u00e2r pay\u0131 da\u011f\u0131tan, g\u00fcvenilir ve yat\u0131r\u0131mc\u0131lar taraf\u0131ndan tercih edilen bir GYO olmak.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>1.3. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirketin kay\u0131tl\u0131 sermaye tavan\u0131 15.000.000.000 TL&#8217;dir. 2025 y\u0131l\u0131 i\u00e7inde ger\u00e7ekle\u015ftirilen ba\u015far\u0131l\u0131 sermaye art\u0131r\u0131m\u0131 ile \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 2.500.000.000 TL&#8217;den 5.000.000.000 TL&#8217;ye y\u00fckseltilmi\u015ftir. Sermaye, y\u00f6netim kurulu \u00fcye se\u00e7iminde aday g\u00f6sterme imtiyaz\u0131 bulunan A Grubu nama yaz\u0131l\u0131 paylar ve B Grubu hamiline yaz\u0131l\u0131 paylardan olu\u015fmaktad\u0131r.<\/p>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla ortakl\u0131k yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak Ad\u0131<\/td>\n<td>Hisse Adedi<\/td>\n<td>Ortakl\u0131k Oran\u0131 (%)<\/td>\n<td>Tutar (TL)<\/td>\n<\/tr>\n<tr>\n<td>Hasan Peker<\/td>\n<td>314.754.720<\/td>\n<td>6,30<\/td>\n<td>314.754.720<\/td>\n<\/tr>\n<tr>\n<td>Tera Yat\u0131r\u0131m Holding Anonim \u015eirketi<\/td>\n<td>522.233.738<\/td>\n<td>10,44<\/td>\n<td>522.233.738<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k K\u0131s\u0131m<\/td>\n<td>4.163.011.543<\/td>\n<td>83,26<\/td>\n<td>4.163.011.542<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>Not: 28 Temmuz 2025 tarihinde Hasan Peker&#8217;in sahip oldu\u011fu A grubu paylar\u0131n tamam\u0131n\u0131n Tera Yat\u0131r\u0131m Holding A.\u015e.&#8217;ye devri i\u00e7in &#8220;Pay Al\u0131m Sat\u0131m S\u00f6zle\u015fmesi&#8221; imzalanm\u0131\u015f olup, devir i\u015flemi i\u00e7in Sermaye Piyasas\u0131 Kurulu&#8217;na ba\u015fvuru yap\u0131lm\u0131\u015ft\u0131r.<\/i><\/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>2. Y\u00f6netim ve Kurumsal Y\u00f6netim<\/h2>\n<h3>2.1. Y\u00f6netim Kurulu<\/h3>\n<p>\u015eirket Y\u00f6netim Kurulu 5 \u00fcyeden olu\u015fmakta olup, \u00fcyeler 14.06.2024 tarihli Ola\u011fan Genel Kurul&#8217;da 3 y\u0131l s\u00fcreyle se\u00e7ilmi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>G\u00f6revi<\/td>\n<td>Ba\u015flang\u0131\u00e7 Tarihi<\/td>\n<td>Biti\u015f Tarihi<\/td>\n<\/tr>\n<tr>\n<td>Emre Tezmen<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<td>29.07.2025<\/td>\n<td>14.06.2027<\/td>\n<\/tr>\n<tr>\n<td>Hasan Peker<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131<\/td>\n<td>14.06.2024<\/td>\n<td>14.06.2027<\/td>\n<\/tr>\n<tr>\n<td>Fatih Peker<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>14.06.2024<\/td>\n<td>14.06.2027<\/td>\n<\/tr>\n<tr>\n<td>U\u011fur Bo\u011fday<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>14.06.2024<\/td>\n<td>14.06.2027<\/td>\n<\/tr>\n<tr>\n<td>Bora Oru\u00e7<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>14.06.2024<\/td>\n<td>14.06.2027<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.2. D\u00f6nem \u0130\u00e7indeki \u00d6nemli Y\u00f6netim De\u011fi\u015fiklikleri<\/h3>\n<ul>\n<li><b>29.07.2025:<\/b> Y\u00f6netim Kurulu \u00dcyesi Sn. Osman \u0130lker Savuran&#8217;\u0131n g\u00f6revinden ayr\u0131lmas\u0131 \u00fczerine, bo\u015falan \u00fcyeli\u011fe Sn. Emre Tezmen se\u00e7ilmi\u015ftir.<\/li>\n<li><b>05.09.2025:<\/b> Y\u00f6netim Kurulu g\u00f6rev da\u011f\u0131l\u0131m\u0131 yeniden yap\u0131lm\u0131\u015f; Sn. Emre Tezmen Y\u00f6netim Kurulu Ba\u015fkan\u0131, Sn. Hasan Peker ise Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131 olarak atanm\u0131\u015ft\u0131r.<\/li>\n<li><b>12.02.2025:<\/b> Genel M\u00fcd\u00fcr Murat Oktay g\u00f6revinden ayr\u0131lm\u0131\u015f, yerine Ramazan I\u015f\u0131k atanm\u0131\u015ft\u0131r.<\/li>\n<li><b>21.02.2025:<\/b> Yat\u0131r\u0131mc\u0131 \u0130li\u015fkileri Y\u00f6neticisi Dilara Kartal g\u00f6revinden ayr\u0131lm\u0131\u015f, yerine Dilek Kurban atanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>2.3. Komiteler<\/h3>\n<p>\u015eirket b\u00fcnyesinde, Sermaye Piyasas\u0131 Mevzuat\u0131&#8217;na uygun olarak \u00fc\u00e7 komite faaliyet g\u00f6stermektedir:<\/p>\n<ul>\n<li><b>Denetim Komitesi:<\/b> Ba\u015fkanl\u0131\u011f\u0131n\u0131 U\u011fur Bo\u011fday&#8217;\u0131n y\u00fcr\u00fctt\u00fc\u011f\u00fc komite, \u015firketin muhasebe, raporlama ve i\u00e7 kontrol sistemlerinin g\u00f6zetiminden sorumludur.<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> Ba\u015fkanl\u0131\u011f\u0131n\u0131 Bora Oru\u00e7&#8217;un yapt\u0131\u011f\u0131 komite, \u015firketin varl\u0131\u011f\u0131n\u0131 tehlikeye atabilecek risklerin erken tespiti ve y\u00f6netilmesi konular\u0131nda Y\u00f6netim Kurulu&#8217;na tavsiyelerde bulunur.<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> Ba\u015fkanl\u0131\u011f\u0131n\u0131 U\u011fur Bo\u011fday&#8217;\u0131n \u00fcstlendi\u011fi komite, kurumsal y\u00f6netim ilkelerinin uygulanmas\u0131n\u0131 g\u00f6zetir ve ayn\u0131 zamanda Aday G\u00f6sterme Komitesi ile \u00dccret Komitesi&#8217;nin g\u00f6revlerini de yerine getirir.<\/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. D\u00f6nem \u0130\u00e7i Faaliyetler ve Stratejik Geli\u015fmeler<\/h2>\n<h3>3.1. Sermaye Art\u0131r\u0131m\u0131 ve Finansal \u0130\u015flemler<\/h3>\n<ul>\n<li><b>Sermaye Art\u0131r\u0131m\u0131:<\/b> \u015eirketin 2.500.000.000 TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi, tamam\u0131 nakden (bedelli) kar\u015f\u0131lanmak suretiyle %100 oran\u0131nda art\u0131r\u0131larak 5.000.000.000 TL&#8217;ye y\u00fckseltilmi\u015ftir. Sermaye art\u0131r\u0131m s\u00fcreci 10.09.2025 tarihinde tescil edilerek tamamlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Bor\u00e7lanma Ara\u00e7lar\u0131:<\/b> \u015eirket, 1.500.000.000 TL&#8217;lik ihra\u00e7 tavan\u0131 kapsam\u0131nda d\u00f6nem i\u00e7inde \u00e7e\u015fitli vadelerde ve tutarlarda finansman bonosu ihra\u00e7lar\u0131 ger\u00e7ekle\u015ftirmi\u015f ve mevcut bor\u00e7lanma ara\u00e7lar\u0131n\u0131n itfalar\u0131n\u0131 zaman\u0131nda yapm\u0131\u015ft\u0131r. Bu i\u015flemler, \u015firketin k\u0131sa vadeli finansman ihtiyac\u0131n\u0131 etkin bir \u015fekilde y\u00f6netti\u011fini g\u00f6stermektedir.<\/li>\n<li><b>Kredi Notu:<\/b> JCR Avrasya Derecelendirme A.\u015e., 27.06.2025 tarihinde \u015eirket&#8217;in Uzun Vadeli Ulusal Kurum Kredi Rating Notu&#8217;nu \u2018BBB- (tr)\u2019 olarak teyit etmi\u015ftir.<\/li>\n<\/ul>\n<h3>3.2. Portf\u00f6y Y\u00f6netimi: Sat\u0131\u015flar ve Sat\u0131n Almalar<\/h3>\n<ul>\n<li><b>Nordstern D\u00fcsseldorf GmbH Sat\u0131\u015f\u0131 (Raporlama D\u00f6nemi Sonras\u0131):<\/b> 08.10.2025 tarihinde, \u015eirket&#8217;in %100&#8217;\u00fcne sahip oldu\u011fu Almanya&#8217;daki Nordstern D\u00fcsseldorf GmbH&#8217;nin toplam 17.609.000 Euro bedelle EnFa Investment GMBH ve Bayburt Investment GMBH&#8217;e sat\u0131lmas\u0131na dair s\u00f6zle\u015fme imzalanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Digh Maslak Arsa Al\u0131m\u0131 (Raporlama D\u00f6nemi Sonras\u0131):<\/b> 01.10.2025 tarihinde Vak\u0131flar Genel M\u00fcd\u00fcrl\u00fc\u011f\u00fc taraf\u0131ndan yap\u0131lan ihalede, \u015eirket&#8217;in ba\u011fl\u0131 ortakl\u0131\u011f\u0131 Digh Maslak \u0130nsaat Proje Dan\u0131\u015fmanl\u0131k Ltd. \u015eti., \u0130stanbul Sar\u0131yer&#8217;deki 1.706 m\u00b2&#8217;lik ta\u015f\u0131nmaz i\u00e7in 1.510.000.000 TL&#8217;lik en y\u00fcksek teklifi vererek ihaleyi kazanm\u0131\u015ft\u0131r. Tapu devri 21.10.2025&#8217;te ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li><b>Konut Sat\u0131\u015f\u0131:<\/b> Portf\u00f6yde yer alan \u00dcsk\u00fcdar&#8217;daki bir konut, 89.463.500 TL (KDV Dahil) bedelle sat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>3.3. Proje Geli\u015ftirme Faaliyetleri<\/h3>\n<ul>\n<li><b>Almanya Projeleri:<\/b>\n<ul>\n<li><b>Erft Loft Projesi (Grevenbroich):<\/b> Proje i\u00e7in haz\u0131rlanan plan tadilat\u0131 Belediye Meclisi taraf\u0131ndan onaylanm\u0131\u015ft\u0131r. Proje, 12.400 m\u00b2 in\u015faat alan\u0131nda 90 daire ve 1 ticari \u00fcnite i\u00e7ermekte olup, \u00f6ng\u00f6r\u00fclen has\u0131lat 55.000.000 Euro&#8217;dur.<\/li>\n<li><b>Ph\u00f6nix Grevenbroich Projesi:<\/b> \u0130n\u015faat ruhsat\u0131 ba\u015fvurusu Belediye taraf\u0131ndan onaylanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<li><b>\u0130spanya Projeleri:<\/b>\n<ul>\n<li><b>Mod\u00fcler Evler (Malaga):<\/b> Benalmadena ve Mijas b\u00f6lgelerindeki arsalarda geli\u015ftirilen mod\u00fcler ev projelerinin in\u015faat ruhsatlar\u0131 al\u0131nm\u0131\u015f ve in\u015faat s\u00fcre\u00e7leri tamamlanm\u0131\u015ft\u0131r. Villalar toplam 2.870.000 Euro bedelle sat\u0131\u015fa sunulmu\u015ftur.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>3.4. Planlanan Unvan De\u011fi\u015fikli\u011fi (Raporlama D\u00f6nemi Sonras\u0131)<\/h3>\n<p>31.10.2025 tarihli karar ile \u015eirket unvan\u0131n\u0131n <b>&#8220;Tera Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 Anonim \u015eirketi&#8221;<\/b> olarak de\u011fi\u015ftirilmesine ve bu de\u011fi\u015fikli\u011fin gerekli yasal onaylar\u0131n ard\u0131ndan yap\u0131lacak ilk genel kurulda ortaklar\u0131n onay\u0131na sunulmas\u0131na karar verilmi\u015ftir.<\/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>4. Varl\u0131k Portf\u00f6y\u00fcn\u00fcn Detayl\u0131 Analizi<\/h2>\n<p>\u015eirketin portf\u00f6y\u00fc, T\u00fcrkiye, Almanya ve \u0130spanya&#8217;da yer alan gayrimenkuller, projeler ve i\u015ftiraklerden olu\u015fmaktad\u0131r. Portf\u00f6ydeki temel varl\u0131klar ve de\u011ferleme bilgileri a\u015fa\u011f\u0131da \u00f6zetlenmi\u015ftir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Varl\u0131k \/ Proje Ad\u0131<\/td>\n<td>Lokasyon<\/td>\n<td>De\u011ferleme Firmas\u0131<\/td>\n<td>Ekspertiz De\u011feri<\/td>\n<td>Para Birimi<\/td>\n<td>Rapor Tarihi<\/td>\n<\/tr>\n<tr>\n<td>Peker Tower Maslak Projesi<\/td>\n<td>\u0130stanbul, T\u00fcrkiye<\/td>\n<td>Net Kurumsal De\u011ferleme<\/td>\n<td>1.204.024.000<\/td>\n<td>TL<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>NEF 22 Projesi Ba\u011f\u0131ms\u0131z B\u00f6l\u00fcmler<\/td>\n<td>\u0130stanbul, T\u00fcrkiye<\/td>\n<td>Net Kurumsal De\u011ferleme<\/td>\n<td>258.088.259<\/td>\n<td>TL<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>Ritz Carlton<\/td>\n<td>\u0130stanbul, T\u00fcrkiye<\/td>\n<td>Net Kurumsal De\u011ferleme<\/td>\n<td>77.236.000<\/td>\n<td>TL<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>Northgate Binas\u0131<\/td>\n<td>D\u00fcsseldorf, Almanya<\/td>\n<td>NETZelWERK GmbH<\/td>\n<td>85.370.000<\/td>\n<td>Euro<\/td>\n<td>27.07.2025<\/td>\n<\/tr>\n<tr>\n<td>Solingen Projesi<\/td>\n<td>Solingen, Almanya<\/td>\n<td>NETZelWERK GmbH<\/td>\n<td>10.517.000<\/td>\n<td>Euro<\/td>\n<td>27.07.2025<\/td>\n<\/tr>\n<tr>\n<td>Nordstern Arsa<\/td>\n<td>D\u00fcsseldorf, Almanya<\/td>\n<td>NETZelWERK GmbH<\/td>\n<td>21.000.000<\/td>\n<td>Euro<\/td>\n<td>04.01.2025<\/td>\n<\/tr>\n<tr>\n<td>Erft Loft<\/td>\n<td>Grevenbroich, Almanya<\/td>\n<td>NETZelWERK GmbH<\/td>\n<td>3.130.000<\/td>\n<td>Euro<\/td>\n<td>03.01.2025<\/td>\n<\/tr>\n<tr>\n<td>Kaiserwall Binas\u0131<\/td>\n<td>Recklinghausen, Almanya<\/td>\n<td>NETZelWERK GmbH<\/td>\n<td>490.000<\/td>\n<td>Euro<\/td>\n<td>13.01.2025<\/td>\n<\/tr>\n<tr>\n<td>Benalmadena Arsa<\/td>\n<td>Malaga, \u0130spanya<\/td>\n<td>Eurovalorac\u0131ones, S.A.<\/td>\n<td>1.419.467<\/td>\n<td>Euro<\/td>\n<td>13.01.2025<\/td>\n<\/tr>\n<tr>\n<td>Mijas Arsa<\/td>\n<td>Malaga, \u0130spanya<\/td>\n<td>Eurovalorac\u0131ones, S.A.<\/td>\n<td>1.167.564<\/td>\n<td>Euro<\/td>\n<td>10.01.2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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. Finansal Performans \u00d6zeti<\/h2>\n<p><i>Not: Finansal tablolar, TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131 uyar\u0131nca 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re d\u00fczeltilmi\u015ftir.<\/i><\/p>\n<h3>5.1. Konsolide Finansal Durum Tablosu (\u00d6zet)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>(TL)<\/td>\n<td><b>30.09.2025<\/b><\/td>\n<td><b>31.12.2024<\/b><\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>2.841.620.888<\/td>\n<td>2.417.036.276<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>7.219.724.620<\/td>\n<td>7.722.403.743<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>10.061.345.508<\/b><\/td>\n<td><b>10.139.440.019<\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>937.668.742<\/td>\n<td>2.584.552.637<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>2.360.086.559<\/td>\n<td>3.309.016.066<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td><b>3.297.755.301<\/b><\/td>\n<td><b>5.893.568.703<\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>6.763.590.207<\/b><\/td>\n<td><b>4.245.871.316<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kaynaklar<\/b><\/td>\n<td><b>10.061.345.508<\/b><\/td>\n<td><b>10.139.440.019<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u00d6zkaynaklardaki yakla\u015f\u0131k 2,5 milyar TL&#8217;lik art\u0131\u015f, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde d\u00f6nem i\u00e7inde tamamlanan ba\u015far\u0131l\u0131 bedelli sermaye art\u0131r\u0131m\u0131ndan kaynaklanmaktad\u0131r.<\/p>\n<h3>5.2. Konsolide Gelir Tablosu (\u00d6zet)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>(TL)<\/td>\n<td><b>01.01 &#8211; 30.09.2025<\/b><\/td>\n<td><b>01.01 &#8211; 30.09.2024<\/b><\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>914.127.043<\/td>\n<td>142.269.906<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Kar<\/td>\n<td>196.432.907<\/td>\n<td>112.800.987<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet Kar\u0131<\/td>\n<td>769.472.334<\/td>\n<td>1.114.864.912<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131<\/b><\/td>\n<td><b>403.954.612<\/b><\/td>\n<td><b>442.737.780<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Ana Ortakl\u0131\u011fa Ait Net Kar<\/b><\/td>\n<td><b>403.954.612<\/b><\/td>\n<td><b>455.541.059<\/b><\/td>\n<\/tr>\n<tr>\n<td>Pay Ba\u015f\u0131na Kazan\u00e7<\/td>\n<td>0,08<\/td>\n<td>0,68<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Has\u0131latta ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re kaydedilen g\u00fc\u00e7l\u00fc art\u0131\u015f dikkat \u00e7ekicidir.<\/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>6. Ekonomik ve Sekt\u00f6rel De\u011ferlendirme<\/h2>\n<h3>6.1. Makroekonomik \u00c7er\u00e7eve<\/h3>\n<p>2025 y\u0131l\u0131, k\u00fcresel ekonomide enflasyonla m\u00fccadele ve b\u00fcy\u00fcmeyi dengeleme \u00e7abalar\u0131yla \u015fekillenmi\u015ftir. T\u00fcrkiye&#8217;de ise T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB), 2024&#8217;\u00fcn son \u00e7eyre\u011finde ba\u015flad\u0131\u011f\u0131 faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fc s\u00fcrd\u00fcrm\u00fc\u015f ve 1 Eyl\u00fcl 2025&#8217;te politika faizini %40,5&#8217;e d\u00fc\u015f\u00fcrm\u00fc\u015ft\u00fcr. Bu s\u00fcre\u00e7, i\u00e7 talep ve d\u00f6viz kurlar\u0131 \u00fczerinde belirleyici olmaya devam etmektedir.<\/p>\n<h3>6.2. Gayrimenkul Sekt\u00f6r\u00fcndeki Geli\u015fmeler<\/h3>\n<p>T\u00dc\u0130K verilerine g\u00f6re, 2025 y\u0131l\u0131 Eyl\u00fcl ay\u0131nda in\u015faat maliyet endeksi y\u0131ll\u0131k bazda %22,40 art\u0131\u015f g\u00f6stermi\u015ftir. Malzeme maliyetlerindeki art\u0131\u015f %17,81 iken, i\u015f\u00e7ilik giderleri %31,39 oran\u0131nda artm\u0131\u015ft\u0131r. Sekt\u00f6rdeki maliyet bask\u0131s\u0131na ra\u011fmen, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda konut sat\u0131\u015flar\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %19 artarak 1.128.727 adede ula\u015fm\u0131\u015ft\u0131r.<\/p>\n<h3>6.3. Borsa Performans\u0131<\/h3>\n<ul>\n<li><b>GYO Endeksi:<\/b> Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6ren 51 GYO \u015firketini i\u00e7eren GYO Endeksi (XGMYO), 2025 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde %55&#8217;lik bir y\u00fckseli\u015f kaydetmi\u015ftir. Bu performans, ayn\u0131 d\u00f6nemde %12,6 artan B\u0130ST100 ve %20,9 artan B\u0130STTUM endekslerinin olduk\u00e7a \u00fczerindedir.<\/li>\n<li><b>PEKGY Hisse Performans\u0131:<\/b> Peker GYO&#8217;nun hisse performans\u0131, sekt\u00f6r ve genel piyasa ortalamalar\u0131ndan \u00e7arp\u0131c\u0131 bir \u015fekilde pozitif ayr\u0131\u015fm\u0131\u015ft\u0131r. Y\u0131l\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde <b>%721<\/b>&#8216;lik bir y\u00fckseli\u015f ya\u015fayan hissenin bu performans\u0131nda, sermaye yap\u0131s\u0131n\u0131n g\u00fc\u00e7lendirilmesi ve artan kurumsal yat\u0131r\u0131mc\u0131 ilgisinin etkili oldu\u011fu de\u011ferlendirilmektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"478\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Peker GYO Raporu S\u0131r Perdesini Aralad\u0131: Liderlik De\u011fi\u015fimi, %721&#8217;lik B\u00fcy\u00fcme ve K\u00fcresel Fetihlerin Perde Arkas\u0131 Giri\u015f: Rakamlar\u0131n Ard\u0131ndaki Hikaye Faaliyet raporlar\u0131, genellikle rakamlar\u0131n ve yasal zorunluluklar\u0131n hakim oldu\u011fu, \u00e7o\u011fu zaman kuru ve karma\u015f\u0131k belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bazen bu belgelerin&#8230; <\/p>\n","protected":false},"author":1,"featured_media":479,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[100],"class_list":["post-478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-pekgy"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/478","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=478"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/478\/revisions"}],"predecessor-version":[{"id":480,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/478\/revisions\/480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/479"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}