{"id":597,"date":"2025-12-26T21:57:38","date_gmt":"2025-12-26T18:57:38","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=597"},"modified":"2025-12-26T22:55:43","modified_gmt":"2025-12-26T19:55:43","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-srvgy-servet-gayrimenkul-yatirim-ortakligi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/597","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #SRVGY | Servet 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 #SRVGY | Servet Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/drFPadbHAbU?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>Bir Gayrimenkul Devinin Perde Arkas\u0131: Servet GYO Raporlar\u0131ndan \u00c7\u0131kan 3 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<p>Gayrimenkul yat\u0131r\u0131m \u015firketleri dendi\u011finde akla genellikle mevcut binalar\u0131 sat\u0131n al\u0131p kiraya vererek gelir elde eden yap\u0131lar gelir. Bu, sekt\u00f6r\u00fcn g\u00f6r\u00fcnen y\u00fcz\u00fcd\u00fcr. Ancak Servet GYO gibi b\u00fcy\u00fck bir oyuncunun finansal raporlar\u0131n\u0131n derinliklerine inildi\u011finde, bu basit alg\u0131n\u0131n \u00e7ok \u00f6tesinde ne kadar \u015fa\u015f\u0131rt\u0131c\u0131 ve sofistike stratejilerin yatt\u0131\u011f\u0131 ortaya \u00e7\u0131kar. \u015eirketin, 2025&#8217;in ilk dokuz ay\u0131nda has\u0131lat\u0131n\u0131 bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re 1,03 milyar TL&#8217;den 1,73 milyar TL&#8217;ye \u00e7\u0131kararak kaydetti\u011fi g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme, bu s\u0131rad\u0131\u015f\u0131 yakla\u015f\u0131mlar\u0131n bir sonucudur. Bu b\u00fcy\u00fcmenin arkas\u0131nda, \u015firketi rakiplerinden ay\u0131ran \u00fc\u00e7 temel ve al\u0131\u015f\u0131lmad\u0131k stratejik s\u00fctun yat\u0131yor.<\/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<h3>1. Strateji: &#8220;Sat\u0131n Alma, Geli\u015ftir&#8221; Felsefesi<\/h3>\n<p>Servet GYO&#8217;nun gayrimenkul sekt\u00f6r\u00fcndeki en ay\u0131rt edici \u00f6zelliklerinden biri, al\u0131\u015f\u0131lm\u0131\u015f\u0131n d\u0131\u015f\u0131ndaki yat\u0131r\u0131m stratejisidir. \u015eirket, portf\u00f6y\u00fcn\u00fc b\u00fcy\u00fct\u00fcrken haz\u0131r ve tamamlanm\u0131\u015f binalar\u0131 sat\u0131n almak yerine, bo\u015f arsalar \u00fczerinde proje geli\u015ftirmeyi temel felsefe olarak benimsemi\u015ftir. Bu yakla\u015f\u0131m\u0131n ard\u0131nda ise zekice bir finansal mant\u0131k yatar: \u015eirket, ba\u015flang\u0131\u00e7 yat\u0131r\u0131m maliyetini ve sermaye ihtiyac\u0131n\u0131 d\u00fc\u015f\u00fcrmek i\u00e7in arsalar\u0131 pe\u015fin parayla sat\u0131n almak yerine, arsa sahipleriyle &#8220;kat kar\u015f\u0131l\u0131\u011f\u0131&#8221; veya &#8220;has\u0131lat pay\u0131 kar\u015f\u0131l\u0131\u011f\u0131&#8221; gibi i\u015f birli\u011fi modelleriyle anla\u015fmay\u0131 tercih etmektedir. Bu strateji, sermaye yo\u011fun pe\u015fin arsa al\u0131mlar\u0131ndan ka\u00e7\u0131narak bilan\u00e7onun likiditesini korur, yat\u0131r\u0131m geri d\u00f6n\u00fc\u015f (ROI) potansiyelini maksimize eder ve \u015firkete muazzam bir finansal esneklik kazand\u0131r\u0131r.<\/p>\n<p>Faaliyet raporunda bu strateji \u015fu \u015fekilde \u00f6zetlenmektedir:<\/p>\n<p>\u015eirket yeni yat\u0131rmlar\u0131nda tamamlanm\u0131\u015f binalar\u0131 sat\u0131n almaktan ziyade bo\u015f arsalar \u00fczerinde proje geli\u015ftirmeyi tercih etmektedir. \u015eirket ba\u015flang\u0131\u00e7 yat\u0131r\u0131m\u0131 daha d\u00fc\u015f\u00fck oldu\u011fundan arsalar\u0131 pe\u015fin bedelle sat\u0131n almak yerine arsa sahipleri ile kat kar\u015f\u0131l\u0131\u011f\u0131 veya has\u0131lat pay\u0131 kar\u015f\u0131l\u0131\u011f\u0131 anla\u015fmalar yapmay\u0131 tercih etmektedir.<\/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<h3>2. Uluslararas\u0131 G\u00fc\u00e7: Sadece T\u00fcrkiye&#8217;de De\u011fil, Almanya&#8217;da da Dev Bir Oyuncu<\/h3>\n<p>Bir\u00e7ok yat\u0131r\u0131mc\u0131n\u0131n g\u00f6zden ka\u00e7\u0131rabilece\u011fi \u015fa\u015f\u0131rt\u0131c\u0131 bir ger\u00e7ek, Servet GYO&#8217;nun operasyonlar\u0131n\u0131n T\u00fcrkiye ile s\u0131n\u0131rl\u0131 olmad\u0131\u011f\u0131d\u0131r. \u015eirket, Almanya&#8217;da da \u00e7ok ciddi bir varl\u0131\u011fa sahiptir. Bu varl\u0131\u011f\u0131n merkezinde, Almanya&#8217;n\u0131n Frankfurt \u015fehrinde kurulu olan i\u015ftiraki OSWE Real Estate GMBH bulunmaktad\u0131r. Bu i\u015ftirak, tek ba\u015f\u0131na \u015firketin uluslararas\u0131 g\u00fcc\u00fcn\u00fc ortaya koyan devasa bir m\u00fclke sahiptir: &#8220;Neckermann Areal&#8221;. Raporlardaki g\u00fcncel verilere g\u00f6re bu m\u00fclk, <b>242.000 m\u00b2<\/b> arazi \u00fczerinde tam <b>288.922 m\u00b2<\/b> kiralanabilir ofis ve lojistik alan\u0131ndan olu\u015fmaktad\u0131r. Bu denli b\u00fcy\u00fck bir uluslararas\u0131 yat\u0131r\u0131m, \u015firketin portf\u00f6y\u00fcn\u00fc co\u011frafi olarak \u00e7e\u015fitlendirerek yerel piyasa risklerini da\u011f\u0131tmas\u0131n\u0131 sa\u011flayan kritik bir hamledir. Bu ad\u0131m, Servet GYO&#8217;yu sadece yerel bir oyuncu olmaktan \u00e7\u0131kar\u0131p, finansal raporlar\u0131nda da belirtildi\u011fi gibi, &#8220;do\u011fu ile bat\u0131 aras\u0131nda bir k\u00f6pr\u00fc&#8221; konumuna getiren stratejik bir vizyonun \u00fcr\u00fcn\u00fcd\u00fcr. Frankfurt gibi kilit bir Avrupa finans ve lojistik merkezindeki bu varl\u0131k, \u015firkete Asya ile Avrupa aras\u0131ndaki sermaye ve m\u00fc\u015fteri ak\u0131\u015flar\u0131na hizmet verebilmek i\u00e7in stratejik bir dayanak noktas\u0131 sa\u011flamaktad\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<h3>3. Gelecek Vizyonu: Sermayede 16 Katl\u0131k B\u00fcy\u00fcme Sinyali<\/h3>\n<p>Bir \u015firketin gelecek hedeflerinin ne kadar iddial\u0131 oldu\u011funu anlaman\u0131n en iyi yollar\u0131ndan biri, sermaye yap\u0131s\u0131nda att\u0131\u011f\u0131 ad\u0131mlar\u0131 incelemektir. Servet GYO Y\u00f6netim Kurulu&#8217;nun ald\u0131\u011f\u0131 bir karar, bu konuda \u00e7ok net bir mesaj vermektedir: \u015eirketin kay\u0131tl\u0131 sermaye tavan\u0131 1 milyar TL&#8217;den <b>16,25 milyar TL&#8217;ye<\/b> \u00e7\u0131kar\u0131lm\u0131\u015ft\u0131r. Bu, basit bir rakam art\u0131\u015f\u0131ndan \u00e7ok daha fazlas\u0131n\u0131 ifade eder. Bu devasa sermaye tamponu, \u015firketin birinci b\u00f6l\u00fcmde incelenen &#8220;geli\u015ftirme&#8221; odakl\u0131 ana stratejisini Sancakt\u00fcl-Boulevard Sefak\u00f6y Projesi gibi daha b\u00fcy\u00fck \u00f6l\u00e7ekli projelere ta\u015f\u0131mas\u0131 i\u00e7in gerekli finansal g\u00fcc\u00fc sa\u011flar.<\/p>\n<p>Faaliyet raporunda bu karar\u0131n gerek\u00e7eleri olarak &#8220;enflasyonist etkiler&#8221; ve &#8220;\u015eirketimizin b\u00fcy\u00fcme potansiyeli&#8221; gibi ifadelerin kullan\u0131lmas\u0131, bu vizyonu daha da peki\u015ftirmektedir. Bu hamle, \u015firkete gelecekteki potansiyel sat\u0131n alma veya birle\u015fme (M&amp;A) f\u0131rsatlar\u0131 i\u00e7in de stratejik bir esneklik tan\u0131rken, \u00f6n\u00fcm\u00fczdeki y\u0131llardaki yat\u0131r\u0131m i\u015ftah\u0131n\u0131n ne denli y\u00fcksek olaca\u011f\u0131na dair somut bir kan\u0131tt\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<h3>Sonu\u00e7<\/h3>\n<p>Servet GYO&#8217;nun finansal raporlar\u0131, \u015firketin y\u00fczeyde g\u00f6r\u00fcnenden \u00e7ok daha fazlas\u0131 oldu\u011funu kan\u0131tl\u0131yor. Sermaye verimlili\u011fi sa\u011flayan ak\u0131ll\u0131 &#8220;geli\u015ftirme&#8221; stratejisi, Almanya&#8217;daki varl\u0131\u011f\u0131yla kendini ispatlayan uluslararas\u0131 g\u00fcc\u00fc ve kay\u0131tl\u0131 sermaye tavan\u0131n\u0131 art\u0131rarak ortaya koydu\u011fu iddial\u0131 gelecek vizyonu, onu tipik bir gayrimenkul \u015firketinden net bir \u015fekilde ay\u0131r\u0131yor. Bu \u00fc\u00e7 unsur, \u015firketin sadece mevcut durumu y\u00f6netmekle kalmay\u0131p, gelece\u011fi proaktif bir \u015fekilde \u015fekillendirdi\u011fini g\u00f6steriyor.<\/p>\n<p>Peki, bu \u00fc\u00e7l\u00fc stratejik sacaya\u011f\u0131\u2014sermaye verimlili\u011fi, uluslararas\u0131 ayak izi ve c\u00fcretkar b\u00fcy\u00fcme vizyonu\u2014Servet GYO&#8217;yu \u00f6n\u00fcm\u00fczdeki on y\u0131lda sekt\u00f6r\u00fcn geleneksel devlerini geride b\u0131rakan bir g\u00fc\u00e7 haline getirebilir mi?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Servet GYO Faaliyetleri ve Finansal Durumuna \u0130li\u015fkin Bilgilendirme Dok\u00fcman\u0131<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu dok\u00fcman, Servet Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. (Servet GYO) ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n 01.01.2025 &#8211; 30.09.2025 d\u00f6nemine ait faaliyetlerini, kurumsal yap\u0131s\u0131n\u0131, finansal performans\u0131n\u0131 ve varl\u0131k portf\u00f6y\u00fcn\u00fc kapsaml\u0131 bir \u015fekilde analiz etmektedir. Sinpa\u015f Grubu&#8217;nun bir par\u00e7as\u0131 olarak 50 y\u0131ll\u0131k sekt\u00f6r tecr\u00fcbesine dayanan Servet GYO, a\u011f\u0131rl\u0131kl\u0131 olarak ticari gayrimenkul geli\u015ftirme ve kira geliri elde etme stratejisi izlemektedir.<\/p>\n<p>2025&#8217;in ilk dokuz ay\u0131nda Grup, finansal performans\u0131nda \u00f6nemli bir iyile\u015fme kaydetmi\u015ftir. Has\u0131lat, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %67 art\u0131\u015fla 1,73 milyar TL&#8217;ye ula\u015fm\u0131\u015f, 22 milyon TL&#8217;lik zarardan 719 milyon TL&#8217;lik net k\u00e2ra ge\u00e7erek g\u00fc\u00e7l\u00fc bir geri d\u00f6n\u00fc\u015f sergilemi\u015ftir. Toplam varl\u0131klar 43,7 milyar TL&#8217;ye y\u00fckselmi\u015f olup, bunun 39 milyar TL&#8217;lik \u00f6nemli bir k\u0131sm\u0131n\u0131 yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkuller olu\u015fturmaktad\u0131r. \u015eirketin b\u00fcy\u00fcme potansiyelini desteklemek amac\u0131yla 24 Nisan 2025 tarihinde kay\u0131tl\u0131 sermaye tavan\u0131 1 milyar TL&#8217;den 16,25 milyar TL&#8217;ye \u00e7\u0131kar\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p>Grup, T\u00fcrkiye ve Almanya&#8217;da \u00e7e\u015fitlendirilmi\u015f bir portf\u00f6y y\u00f6netmektedir. Portf\u00f6yde Deposite Outlet Center gibi al\u0131\u015fveri\u015f merkezleri, lojistik merkezler ve \u0130\u015f Modern Ambarl\u0131 gibi ticari alanlar bulunmaktad\u0131r. Almanya&#8217;daki i\u015ftiraki OSWE Real Estate GmbH arac\u0131l\u0131\u011f\u0131yla Frankfurt&#8217;taki Neckermann Areal lojistik ve ofis kompleksini elinde tutmaktad\u0131r. Devam eden Sefak\u00f6y Boulevard ve Ankara Dikmen Okul projeleri, \u015firketin geli\u015ftirme odakl\u0131 stratejisinin g\u00f6stergeleridir.<\/p>\n<p>Finansal riskler incelendi\u011finde, Grubun \u00f6zellikle Euro cinsinden \u00f6nemli bir net d\u00f6viz y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc bulunmaktad\u0131r. Bu durum, d\u00f6viz kurundaki dalgalanmalara kar\u015f\u0131 bir hassasiyet yaratmakta olup, 30 Eyl\u00fcl 2025 itibar\u0131yla Euro&#8217;daki %10&#8217;luk bir de\u011fi\u015fimin k\u00e2r\/zarar \u00fczerinde yakla\u015f\u0131k 22,5 milyon TL&#8217;lik bir etki yaratabilece\u011fi \u00f6ng\u00f6r\u00fclmektedir. Raporlanan t\u00fcm finansal veriler, TMS 29 standard\u0131 uyar\u0131nca y\u00fcksek enflasyon etkisine g\u00f6re d\u00fczeltilmi\u015f ve 30 Eyl\u00fcl 2025 tarihli sat\u0131n alma g\u00fcc\u00fcyle ifade edilmi\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>1. \u015eirket Profili ve Yat\u0131r\u0131m Stratejisi<\/h2>\n<p>Servet Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. (Servet GYO), Sermaye Piyasas\u0131 Kurulu d\u00fczenlemelerine uygun olarak gayrimenkul ve gayrimenkul projelerine yat\u0131r\u0131m yapmak \u00fczere 18 May\u0131s 2009&#8217;da kurulmu\u015f bir yat\u0131r\u0131m ortakl\u0131\u011f\u0131d\u0131r. Gayrimenkul sekt\u00f6r\u00fcnde 50 y\u0131ll\u0131k birikime sahip Sinpa\u015f Grubu \u015firketlerinden biri olan Servet GYO, portf\u00f6y\u00fcn\u00fc a\u011f\u0131rl\u0131kl\u0131 olarak perakende, end\u00fcstriyel ve ofis ama\u00e7l\u0131 gayrimenkuller \u00fczerine yo\u011funla\u015ft\u0131rm\u0131\u015ft\u0131r.<\/p>\n<p><b>Ana Yat\u0131r\u0131m Stratejisi:<\/b><\/p>\n<ul>\n<li><b>\u0130stikrarl\u0131 Kira Geliri:<\/b> Sahip olunan binalar\u0131 etkin bir \u015fekilde y\u00f6neterek d\u00fczenli ve istikrarl\u0131 bir kira geliri ak\u0131\u015f\u0131 sa\u011flamak.<\/li>\n<li><b>Portf\u00f6y B\u00fcy\u00fcmesi:<\/b> Uygun yat\u0131r\u0131m f\u0131rsatlar\u0131n\u0131 de\u011ferlendirerek yeni projelerle portf\u00f6y\u00fc geni\u015fletmek.<\/li>\n<li><b>Proje Geli\u015ftirme Odakl\u0131l\u0131k:<\/b> Tamamlanm\u0131\u015f binalar\u0131 sat\u0131n almak yerine, bo\u015f arsalar \u00fczerinde proje geli\u015ftirmeyi tercih etmek. Bu yakla\u015f\u0131m, ba\u015flang\u0131\u00e7 yat\u0131r\u0131m maliyetini d\u00fc\u015f\u00fcrmektedir.<\/li>\n<li><b>\u0130\u015f Birlikleri:<\/b> Arsalar\u0131 pe\u015fin bedelle almak yerine, arsa sahipleriyle kat kar\u015f\u0131l\u0131\u011f\u0131 veya has\u0131lat pay\u0131 kar\u015f\u0131l\u0131\u011f\u0131 anla\u015fmalar yapmak.<\/li>\n<li><b>Varl\u0131k Y\u00f6netimi Esnekli\u011fi:<\/b> Geli\u015ftirilen binalar\u0131 genellikle portf\u00f6yde tutup kiraya vermekle birlikte, piyasa ko\u015fullar\u0131na ba\u011fl\u0131 olarak satarak nakde \u00e7evirme esnekli\u011fini korumak.<\/li>\n<\/ul>\n<p><b>Organizasyonel Yap\u0131:<\/b> \u015eirket; muhasebe, finans, planlama ve mimari gibi temel fonksiyonlar\u0131 kendi b\u00fcnyesindeki personeli ile y\u00fcr\u00fctmekte, di\u011fer operasyonel fonksiyonlar i\u00e7in ise d\u0131\u015far\u0131dan hizmet al\u0131m\u0131 modelini benimsemektedir. 30 Eyl\u00fcl 2025 itibar\u0131yla Grubun ortalama personel say\u0131s\u0131 20&#8217;dir.<\/p>\n<h2>2. Kurumsal Yap\u0131 ve Sermaye<\/h2>\n<h3>2.1. Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>Servet GYO&#8217;nun ana hissedar\u0131 %41,76&#8217;l\u0131k pay ile Avni \u00c7elik olup, \u015firketin hakim ortaklar\u0131 Avni \u00c7elik ve \u00c7elik ailesidir. \u015eirket hisselerinin %24,58&#8217;i halka a\u00e7\u0131k olup Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmektedir.<\/p>\n<p><b>30 Eyl\u00fcl 2025 \u0130tibar\u0131yla Hissedar Yap\u0131s\u0131:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Hissedar Grubu<\/td>\n<td>Pay Grubu<\/td>\n<td>Pay Tutar\u0131 (TL)<\/td>\n<td>Pay Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Avni \u00c7elik<\/td>\n<td>A<\/td>\n<td>63.142.261<\/td>\n<td>1,94<\/td>\n<\/tr>\n<tr>\n<td>Avni \u00c7elik<\/td>\n<td>B<\/td>\n<td>1.290.982.739<\/td>\n<td>39,72<\/td>\n<\/tr>\n<tr>\n<td>Ay\u015fe Sibel \u00c7elik<\/td>\n<td>B<\/td>\n<td>487.500.000<\/td>\n<td>15,00<\/td>\n<\/tr>\n<tr>\n<td>Ahmet \u00c7elik<\/td>\n<td>B<\/td>\n<td>243.750.000<\/td>\n<td>7,50<\/td>\n<\/tr>\n<tr>\n<td>Ar\u0131 Finansal Kiralama A.\u015e.<\/td>\n<td>B<\/td>\n<td>243.750.000<\/td>\n<td>7,50<\/td>\n<\/tr>\n<tr>\n<td>\u015eenay \u00c7elik<\/td>\n<td>B<\/td>\n<td>121.875.000<\/td>\n<td>3,75<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer (Dola\u015f\u0131mdaki Hisseler)<\/td>\n<td>B<\/td>\n<td>799.000.000<\/td>\n<td>24,58<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td><b>&#8211;<\/b><\/td>\n<td><b>3.250.000.000<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u015eirket sermayesi A ve B grubu paylardan olu\u015fmaktad\u0131r. A grubu paylar, 6 \u00fcyeli y\u00f6netim kuruluna 4 \u00fcye aday\u0131 g\u00f6sterme imtiyaz\u0131na sahiptir, bu da y\u00f6netim kontrol\u00fcn\u00fcn A grubu pay sahiplerinde oldu\u011funu g\u00f6stermektedir.<\/p>\n<h3>2.2. Sermaye Bilgileri ve Art\u0131r\u0131m Karar\u0131<\/h3>\n<p>Y\u00f6netim Kurulu&#8217;nun 24 Nisan 2025 tarihli karar\u0131yla, \u015firketin b\u00fcy\u00fcme potansiyeli ve enflasyonist etkiler g\u00f6z \u00f6n\u00fcnde bulundurularak \u00f6nemli bir sermaye yap\u0131s\u0131 de\u011fi\u015fikli\u011fine gidilmi\u015ftir.<\/p>\n<ul>\n<li><b>\u00c7\u0131kar\u0131lm\u0131\u015f Sermaye:<\/b> 3.250.000.000 TL<\/li>\n<li><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131:<\/b> 1.000.000.000 TL&#8217;den <b>16.250.000.000 TL<\/b>&#8216;ye y\u00fckseltilmi\u015ftir.<\/li>\n<li><b>Ge\u00e7erlilik S\u00fcresi:<\/b> Kay\u0131tl\u0131 sermaye tavan\u0131 izni 2029 y\u0131l\u0131 sonuna kadar uzat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>Bu stratejik karar, \u015firketin gelecekteki b\u00fcy\u00fcme planlar\u0131 ve potansiyel sermaye ihtiya\u00e7lar\u0131 i\u00e7in esneklik sa\u011flamay\u0131 ama\u00e7lamaktad\u0131r.<\/p>\n<h2>3. Konsolide Finansal Performans (01.01.2025 &#8211; 30.09.2025)<\/h2>\n<p>Grup, 2025&#8217;in ilk dokuz ay\u0131nda, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla t\u00fcm temel finansal metriklerde g\u00fc\u00e7l\u00fc bir performans sergilemi\u015ftir. Finansal tablolar, TMS 29 standard\u0131na g\u00f6re enflasyon muhasebesi uygulanarak haz\u0131rlanm\u0131\u015ft\u0131r.<\/p>\n<h3>3.1. Temel Finansal G\u00f6stergeler<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal Kalem<\/td>\n<td>30.09.2025 (TL)<\/td>\n<td>30.09.2024 (TL)<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>1.731.130.070<\/td>\n<td>1.035.868.831<\/td>\n<td>+67%<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct K\u00e2r<\/td>\n<td>1.005.657.075<\/td>\n<td>539.842.007<\/td>\n<td>+86%<\/td>\n<\/tr>\n<tr>\n<td>Net D\u00f6nem K\u00e2r\u0131 \/ (Zarar\u0131)<\/td>\n<td>719.187.701<\/td>\n<td>(21.973.090)<\/td>\n<td>K\u00e2ra Ge\u00e7i\u015f<\/td>\n<\/tr>\n<tr>\n<td>Ana Ortakl\u0131\u011fa Ait Net K\u00e2r<\/td>\n<td>333.155.874<\/td>\n<td>96.637.729<\/td>\n<td>+245%<\/td>\n<\/tr>\n<tr>\n<td>Pay Ba\u015f\u0131na Kazan\u00e7<\/td>\n<td>0,1025<\/td>\n<td>0,0297<\/td>\n<td>+245%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Bilan\u00e7o Kalemi<\/td>\n<td>30.09.2025 (TL)<\/td>\n<td>31.12.2024 (TL)<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td>Toplam Varl\u0131klar<\/td>\n<td>43.709.766.786<\/td>\n<td>41.808.276.306<\/td>\n<td>+4,5%<\/td>\n<\/tr>\n<tr>\n<td>Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkuller<\/td>\n<td>38.974.275.766<\/td>\n<td>37.783.736.949<\/td>\n<td>+3,1%<\/td>\n<\/tr>\n<tr>\n<td>Toplam \u00d6zkaynaklar<\/td>\n<td>33.347.370.198<\/td>\n<td>31.043.139.773<\/td>\n<td>+7,4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.2. Bilan\u00e7o ve Gelir Tablosu Analizi<\/h3>\n<ul>\n<li><b>Varl\u0131k B\u00fcy\u00fcmesi:<\/b> Toplam varl\u0131klar, y\u0131l ba\u015f\u0131na g\u00f6re 1,9 milyar TL artarak 43,7 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Bu b\u00fcy\u00fcmenin ana kayna\u011f\u0131, portf\u00f6ye yap\u0131lan yeni eklemeler ve mevcut varl\u0131klar\u0131n de\u011ferlemesidir. Yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkuller, toplam varl\u0131klar\u0131n yakla\u015f\u0131k %89&#8217;unu olu\u015fturarak Grubun ana varl\u0131k s\u0131n\u0131f\u0131 olmaya devam etmektedir.<\/li>\n<li><b>K\u00e2rl\u0131l\u0131kta G\u00fc\u00e7l\u00fc Art\u0131\u015f:<\/b> Has\u0131lat, ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %67 art\u0131\u015fla 1,73 milyar TL&#8217;ye y\u00fckselmi\u015ftir. Maliyet y\u00f6netimi sayesinde br\u00fct k\u00e2r %86 artm\u0131\u015ft\u0131r. Grup, 2024&#8217;\u00fcn ilk 9 ay\u0131ndaki 22 milyon TL&#8217;lik zarara kar\u015f\u0131l\u0131k, 2025&#8217;in ayn\u0131 d\u00f6neminde 719 milyon TL net k\u00e2r elde etmi\u015ftir.<\/li>\n<li><b>Nakit Ak\u0131\u015f\u0131:<\/b> \u0130\u015fletme faaliyetlerinden 1,97 milyar TL&#8217;lik g\u00fc\u00e7l\u00fc bir nakit ak\u0131\u015f\u0131 sa\u011flanm\u0131\u015ft\u0131r. Bu nakit, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde yat\u0131r\u0131m faaliyetlerinde kullan\u0131lm\u0131\u015ft\u0131r; 840 milyon TL yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkul al\u0131m\u0131na ve 902 milyon TL finansal yat\u0131r\u0131mlara y\u00f6nlendirilmi\u015ftir. Bu durum, Grubun b\u00fcy\u00fcme odakl\u0131 stratejisini teyit etmektedir. D\u00f6nem sonunda nakit ve nakit benzerleri 37,1 milyon TL&#8217;den 20,6 milyon TL&#8217;ye gerilemi\u015ftir.<\/li>\n<\/ul>\n<h3>3.3. B\u00f6l\u00fcmlere G\u00f6re Raporlama<\/h3>\n<p>Grup, faaliyetlerini co\u011frafi olarak T\u00fcrkiye ve Almanya olarak iki ana b\u00f6l\u00fcmde raporlamaktad\u0131r.<\/p>\n<ul>\n<li><b>T\u00fcrkiye:<\/b> 9 ayl\u0131k d\u00f6nemde 1,53 milyar TL has\u0131lat ve 892 milyon TL br\u00fct k\u00e2r ile ana gelir ve k\u00e2rl\u0131l\u0131k merkezi konumundad\u0131r.<\/li>\n<li><b>Almanya:<\/b> Ayn\u0131 d\u00f6nemde 202 milyon TL has\u0131lat ve 117 milyon TL br\u00fct k\u00e2r \u00fcreterek Grubun uluslararas\u0131 operasyonlar\u0131n\u0131n k\u00e2rl\u0131l\u0131\u011fa \u00f6nemli katk\u0131 sa\u011flad\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/li>\n<\/ul>\n<h2>4. Varl\u0131k Portf\u00f6y\u00fc ve \u0130\u015ftirakler<\/h2>\n<p>Servet GYO&#8217;nun portf\u00f6y\u00fc, hem do\u011frudan sahip olunan m\u00fclklerden hem de ba\u011fl\u0131 ortakl\u0131klar\u0131 arac\u0131l\u0131\u011f\u0131yla y\u00f6netilen varl\u0131klardan olu\u015fmaktad\u0131r.<\/p>\n<h3>4.1. Ana \u015eirket ve \u0130\u015ftiraklerin Varl\u0131k Portf\u00f6y\u00fc<\/h3>\n<p>A\u015fa\u011f\u0131daki tablo, Grubun \u00f6ne \u00e7\u0131kan yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkullerini ve sahiplik yap\u0131lar\u0131n\u0131 \u00f6zetlemektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Varl\u0131k Ad\u0131<\/td>\n<td>Konum<\/td>\n<td>T\u00fcr\u00fc<\/td>\n<td>M\u00fclkiyet<\/td>\n<td>\u00d6nemli Bilgiler<\/td>\n<\/tr>\n<tr>\n<td><b>Servet GYO<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Deposite Outlet Center<\/td>\n<td>\u0130stanbul, Ba\u015fak\u015fehir<\/td>\n<td>AVM<\/td>\n<td>%100 Servet GYO<\/td>\n<td>97.955 m\u00b2 kapal\u0131 alan, 97 ma\u011faza.<\/td>\n<\/tr>\n<tr>\n<td>\u00c7elik &amp; T\u00f6r\u00fcn \u0130\u015f Merkezi<\/td>\n<td>\u0130stanbul, Ba\u015fak\u015fehir<\/td>\n<td>\u0130\u015f Merkezi<\/td>\n<td>%60 Servet GYO<\/td>\n<td>30.878 m\u00b2 br\u00fct in\u015faat alan\u0131.<\/td>\n<\/tr>\n<tr>\n<td>\u00c7elik &amp; \u00d6zer \u0130\u015f Merkezi<\/td>\n<td>\u0130stanbul, Ka\u011f\u0131thane<\/td>\n<td>\u0130\u015f Merkezi<\/td>\n<td>%57 Servet GYO<\/td>\n<td>21.024 m\u00b2 toplam alan, 12 \u00fcnite.<\/td>\n<\/tr>\n<tr>\n<td>\u00c7elik &amp; T\u00fcz\u00fcn Lojistik Merkezi<\/td>\n<td>\u0130stanbul, Sancaktepe<\/td>\n<td>Lojistik Merkezi<\/td>\n<td>%76 Servet GYO<\/td>\n<td>8.430 m\u00b2 toplam alan.<\/td>\n<\/tr>\n<tr>\n<td>Alt\u0131noran Starium AVM<\/td>\n<td>Ankara, \u00c7ankaya<\/td>\n<td>AVM<\/td>\n<td>Servet GYO<\/td>\n<td>26.701 m\u00b2 kapal\u0131 alan. 30.05.2025&#8217;te 40 yeni b\u00f6l\u00fcm al\u0131nd\u0131.<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015f Modern Ambarl\u0131<\/td>\n<td>\u0130stanbul, Beylikd\u00fcz\u00fc<\/td>\n<td>Ticari Alan<\/td>\n<td>%100 Servet GYO<\/td>\n<td>16 adet ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm.<\/td>\n<\/tr>\n<tr>\n<td>Finans\u015fehir Flatofis<\/td>\n<td>\u0130stanbul, \u00dcmraniye<\/td>\n<td>Ticari Alan<\/td>\n<td>Servet GYO<\/td>\n<td>2025&#8217;te stoklardan yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkule transfer edildi.<\/td>\n<\/tr>\n<tr>\n<td><b>OSWE Real Estate GmbH<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Neckermann Areal<\/td>\n<td>Frankfurt, Almanya<\/td>\n<td>Ofis &amp; Lojistik<\/td>\n<td>%94 Servet GYO<\/td>\n<td>135.625 m\u00b2 arazi, 107.694 m\u00b2 kiralanabilir alan.<\/td>\n<\/tr>\n<tr>\n<td><b>G\u00fcney \u0130stanbul A.\u015e.<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Ey\u00fcp Flatofis<\/td>\n<td>\u0130stanbul, Ey\u00fcpsultan<\/td>\n<td>Ofis<\/td>\n<td>%44,67 Etkin Pay<\/td>\n<td>81 ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm\u00fcn 36&#8217;s\u0131 portf\u00f6yde.<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015f Modern \u0130kitelli<\/td>\n<td>\u0130stanbul, Ba\u015fak\u015fehir<\/td>\n<td>Ticari Alan<\/td>\n<td>%44,67 Etkin Pay<\/td>\n<td>253 ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm\u00fcn 82&#8217;si portf\u00f6yde.<\/td>\n<\/tr>\n<tr>\n<td>Sinpa\u015f Merkez Plaza<\/td>\n<td>\u0130stanbul, Be\u015fikta\u015f<\/td>\n<td>Plaza<\/td>\n<td>%44,67 Etkin Pay<\/td>\n<td>21 ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm.<\/td>\n<\/tr>\n<tr>\n<td>Be\u015fikta\u015f Arsas\u0131<\/td>\n<td>\u0130stanbul, Be\u015fikta\u015f<\/td>\n<td>Arsa<\/td>\n<td>%44,67 Etkin Pay<\/td>\n<td>1.349,25 m\u00b2 arsa.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>4.2. Devam Eden Projeler (Stoklar)<\/h3>\n<p>Grup, geli\u015ftirmekte oldu\u011fu projeleri bilan\u00e7osunda &#8220;Stoklar&#8221; kalemi alt\u0131nda takip etmektedir.<\/p>\n<ul>\n<li><b>Sancakt\u00fcl-Boulevard Sefak\u00f6y Projesi:<\/b> \u0130stanbul K\u00fc\u00e7\u00fck\u00e7ekmece&#8217;de, Sinpa\u015f GYO ile imzalanan kat kar\u015f\u0131l\u0131\u011f\u0131 in\u015faat s\u00f6zle\u015fmesi kapsam\u0131nda geli\u015ftirilmektedir. Projenin %55&#8217;i Servet GYO&#8217;ya aittir. 52.000 m\u00b2 sat\u0131labilir alana sahip projenin 2025&#8217;te tamamlanmas\u0131 planlanmaktad\u0131r. Bu proje k\u0131sa vadeli stoklarda s\u0131n\u0131fland\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Ankara Dikmen Okul Projesi:<\/b> Ankara \u00c7ankaya&#8217;da, Ahmet \u00c7elik&#8217;ten devral\u0131nan arsa \u00fczerinde 28.078 m\u00b2 in\u015faat alan\u0131na sahip bir okul, yurt ve di\u011fer tesisleri i\u00e7eren bir proje planlanmaktad\u0131r.<\/li>\n<\/ul>\n<h2>5. Finansal Risk Y\u00f6netimi<\/h2>\n<p>Grup, finansal ara\u00e7lar\u0131n kullan\u0131m\u0131ndan kaynaklanan \u00e7e\u015fitli risklere maruz kalmaktad\u0131r. Bunlar aras\u0131nda en belirgin olan\u0131 d\u00f6viz kuru riskidir.<\/p>\n<h3>5.1. D\u00f6viz Kuru Riski<\/h3>\n<p>Grubun uluslararas\u0131 faaliyetleri (\u00f6zellikle Almanya&#8217;daki yat\u0131r\u0131m\u0131) ve yabanc\u0131 para cinsinden bor\u00e7lanmalar\u0131 nedeniyle d\u00f6viz kuru riskine maruziyeti bulunmaktad\u0131r. Risk y\u00f6netimi politikas\u0131, d\u00f6viz pozisyonunu s\u0131f\u0131ra yak\u0131n tutarak kur dalgalanmalar\u0131n\u0131n etkisini en aza indirmeyi hedeflemektedir.<\/p>\n<p><b>30 Eyl\u00fcl 2025 \u0130tibar\u0131yla Net Yabanc\u0131 Para Pozisyonu:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Para Birimi<\/td>\n<td>Net Pozisyon (Orijinal)<\/td>\n<td>Net Pozisyon (TL Kar\u015f\u0131l\u0131\u011f\u0131)<\/td>\n<\/tr>\n<tr>\n<td>Euro<\/td>\n<td>(4.618.574)<\/td>\n<td>(224.683.930)<\/td>\n<\/tr>\n<tr>\n<td>ABD Dolar\u0131<\/td>\n<td>8.867<\/td>\n<td>367.970<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer<\/td>\n<td>&#8211;<\/td>\n<td>72.530<\/td>\n<\/tr>\n<tr>\n<td><b>Net Bilan\u00e7o Pozisyonu<\/b><\/td>\n<td><b>&#8211;<\/b><\/td>\n<td><b>(224.243.434)<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Tablodan da g\u00f6r\u00fclece\u011fi \u00fczere, Grubun a\u011f\u0131rl\u0131kl\u0131 olarak Euro cinsinden olmak \u00fczere <b>224,2 milyon TL<\/b> net yabanc\u0131 para y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc bulunmaktad\u0131r.<\/p>\n<p><b>Duyarl\u0131l\u0131k Analizi:<\/b><\/p>\n<ul>\n<li><b>Euro&#8217;nun TL kar\u015f\u0131s\u0131nda %10 de\u011fer kazanmas\u0131\/kaybetmesi durumunda,<\/b> Grubun vergi \u00f6ncesi k\u00e2r\/zarar\u0131 ve \u00f6zkaynaklar\u0131 yakla\u015f\u0131k <b>22,5 milyon TL<\/b> olumlu\/olumsuz etkilenecektir. Bu analiz, Grubun kur riskine kar\u015f\u0131 hassasiyetinin boyutunu g\u00f6stermektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"597\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu belgeler, **Sinpa\u015f Grubu** b\u00fcnyesinde yer alan **Servet GYO**\u2019nun 2025 y\u0131l\u0131 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fine dair **faaliyet raporu** ve **finansal tablolar\u0131n\u0131** kapsamaktad\u0131r. \u015eirketin ana stratejisi, ticari m\u00fclkleri y\u00f6neterek **kira geliri** sa\u011flamak ve arsa \u00fczerinde projeler geli\u015ftirerek portf\u00f6y\u00fcn\u00fc b\u00fcy\u00fctmektir. Sunulan metinlerde, \u0130stanbul, Ankara ve Frankfurt\u2019taki **gayrimenkul varl\u0131klar\u0131**, i\u015ftirak yap\u0131lar\u0131 ve y\u00f6netim kadrosuna dair detayl\u0131 bilgiler payla\u015f\u0131lmaktad\u0131r. Ayr\u0131ca, \u015firketin **kay\u0131tl\u0131 sermaye tavan\u0131n\u0131n** ciddi oranda art\u0131r\u0131lmas\u0131na y\u00f6nelik yasal s\u00fcre\u00e7ler ve al\u0131nan g\u00fcncel kararlar vurgulanmaktad\u0131r. Finansal verilerde ise **portf\u00f6y s\u0131n\u0131rlamalar\u0131na uyum**, yat\u0131r\u0131m performanslar\u0131 ve ekonomik konjonkt\u00fcr nedeniyle 2024 y\u0131l\u0131 kar\u0131n\u0131n da\u011f\u0131t\u0131lmamas\u0131 karar\u0131 dikkat \u00e7ekmektedir. Son olarak, tamamlanan **Sefak\u00f6y Boulevard** gibi projeler ve devam eden okul in\u015faatlar\u0131 \u015firketin operasyonel dinamizmini g\u00f6stermektedir.<\/p>\n","protected":false},"author":1,"featured_media":615,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[139],"class_list":["post-597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-srvgy"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/597","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=597"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/597\/revisions"}],"predecessor-version":[{"id":616,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/597\/revisions\/616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/615"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}