{"id":629,"date":"2025-12-27T15:16:14","date_gmt":"2025-12-27T12:16:14","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=629"},"modified":"2025-12-27T15:45:30","modified_gmt":"2025-12-27T12:45:30","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-edip-edip-gayrimenkul-yatirim-sanayi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/629","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #EDIP | Edip Gayrimenkul Yat\u0131r\u0131m Sanayi 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #EDIP | Edip Gayrimenkul Yat\u0131r\u0131m Sanayi 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/kJc5A5fhd00?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 Finansal Raporun Derinlikleri: EDIP Gayrimenkul Hakk\u0131nda Muhtemelen Bilmedi\u011finiz 3 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h3>Giri\u015f: Rakamlar\u0131n Ard\u0131ndaki Hikaye<\/h3>\n<p>Bir \u015firketin finansal raporlar\u0131n\u0131 incelemek, \u00e7o\u011fu zaman rakamlar\u0131n ve tablolar\u0131n so\u011fuk d\u00fcnyas\u0131nda kaybolmak anlam\u0131na gelir. Ancak bazen, bir i\u015f analistinin g\u00f6z\u00fcyle bu belgelerin derinliklerine inmek, adeta bir kurumsal arkeoloji \u00e7al\u0131\u015fmas\u0131na d\u00f6n\u00fc\u015f\u00fcr. Rakamlar\u0131n katmanlar\u0131 aras\u0131nda, bir \u015firketin kendini nas\u0131l yeniden icat etti\u011fini, k\u00fcllerinden nas\u0131l do\u011fdu\u011funu ve gelece\u011fi nas\u0131l \u015fekillendirdi\u011fini anlatan ola\u011fan\u00fcst\u00fc bir hikaye bulabilirsiniz. ED\u0130P Gayrimenkul Yat\u0131r\u0131m Sanayi ve Ticaret A.\u015e.&#8217;nin raporlar\u0131, tam da b\u00f6yle bir stratejik yeniden do\u011fu\u015f \u00f6yk\u00fcs\u00fcn\u00fc bar\u0131nd\u0131r\u0131yor. Gelin, bu bilan\u00e7olar\u0131n ard\u0131nda gizlenen \u00fc\u00e7 \u015fa\u015f\u0131rt\u0131c\u0131 ger\u00e7e\u011fi birlikte g\u00fcn y\u00fcz\u00fcne \u00e7\u0131karal\u0131m.<\/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. \u0130pli\u011fi B\u0131rak\u0131p Zirveye T\u0131rmanmak: Tekstilden Gayrimenkule Stratejik S\u0131\u00e7rama<\/h3>\n<p>EDIP&#8217;in radikal d\u00f6n\u00fc\u015f\u00fcm\u00fcn\u00fcn k\u00f6kleri, \u015firketin k\u00f6kl\u00fc ge\u00e7mi\u015finde yatmaktad\u0131r. Bu d\u00f6n\u00fc\u015f\u00fcm, sadece bir isim de\u011fi\u015fikli\u011fi de\u011fil, bir kimlik ve vizyon devrimidir.<\/p>\n<p><b>\u0130plik Fabrikas\u0131ndan Gayrimenkul Devine<\/b><\/p>\n<p>\u015eirketin yolculu\u011fu, 27 Aral\u0131k 1971&#8217;de &#8220;Edip \u0130plik Sanayi ve Ticaret A.\u015e.&#8221; ad\u0131yla bir tekstil \u00fcreticisi olarak ba\u015flad\u0131. Neredeyse k\u0131rk y\u0131l boyunca sekt\u00f6r\u00fcn\u00fcn \u00f6nemli bir oyuncusu olan \u015firket, 31 Aral\u0131k 2008&#8217;de tekstil \u00fcretim faaliyetlerini tamamen sonland\u0131rd\u0131. Ard\u0131ndan, 10 Haziran 2009&#8217;da unvan\u0131n\u0131 &#8220;Edip Gayrimenkul Yat\u0131r\u0131m Sanayi ve Ticaret A.\u015e.&#8221; olarak tescil ettirerek rotas\u0131n\u0131 b\u00fct\u00fcn\u00fcyle gayrimenkul sekt\u00f6r\u00fcne \u00e7evirdi.<\/p>\n<p>Bu hamle, yaln\u0131zca cesur bir karar de\u011fil, ayn\u0131 zamanda muazzam bir \u00f6ng\u00f6r\u00fcn\u00fcn \u00fcr\u00fcn\u00fcyd\u00fc. K\u00f6kl\u00fc bir sanayi ge\u00e7mi\u015fini terk etmenin risklerini g\u00f6ze alarak, \u0130stanbul&#8217;un gelece\u011fine ve kentsel d\u00f6n\u00fc\u015f\u00fcm potansiyeline yap\u0131lm\u0131\u015f hesapl\u0131 bir yat\u0131r\u0131md\u0131. Bu stratejik s\u0131\u00e7rama, \u015firketin de\u011fi\u015fen pazar ko\u015fullar\u0131n\u0131 okuma ve en de\u011ferli varl\u0131klar\u0131n\u0131 yeniden hayal etme konusundaki vizyonunu ortaya koyuyordu. Bu vizyon, sadece ka\u011f\u0131t \u00fczerinde kalmayacak, \u015firketin eski fabrikas\u0131n\u0131n bulundu\u011fu arazide somut bir \u015fekle b\u00fcr\u00fcnecekti.<\/p>\n<h3>2. Kentsel Simya: Fabrika Arazisi Nas\u0131l Bir Ticaret ve Ya\u015fam Merkezine D\u00f6n\u00fc\u015ft\u00fc?<\/h3>\n<p>\u015eirketin d\u00f6n\u00fc\u015f\u00fcm\u00fcn\u00fcn en g\u00fc\u00e7l\u00fc kan\u0131t\u0131, eski sanayi arazisini ticari bir alt\u0131na d\u00f6n\u00fc\u015ft\u00fcrme projesidir. Bu, at\u0131l bir varl\u0131\u011f\u0131n nas\u0131l kentsel bir simya ile yeniden yarat\u0131labilece\u011finin dersidir.<\/p>\n<p><b>Ayn\u0131 Arazi, Yepyeni Bir Vizyon<\/b><\/p>\n<p>Pek \u00e7ok ki\u015finin bilmedi\u011fi ise, bug\u00fcn \u0130stanbul&#8217;un en hareketli ticaret merkezlerinden biri olan 212 Outlet AVM&#8217;nin, bir zamanlar \u015firketin iplik \u00fcretti\u011fi fabrikan\u0131n k\u00fclleri \u00fczerine in\u015fa edildi\u011fidir. \u015eirketin ba\u011fl\u0131 ortakl\u0131\u011f\u0131 Edip Uluslararas\u0131 Gayrimenkul ve Turizm A.\u015e. taraf\u0131ndan geli\u015ftirilen bu proje, Mahmutbey&#8217;de, Bas\u0131n Ekspres yolu \u00fczerinde stratejik bir konuma sahiptir. Ancak EDIP burada durmad\u0131; ayn\u0131 arazi \u00fczerinde kentsel d\u00f6n\u00fc\u015f\u00fcm vizyonunu bir ad\u0131m \u00f6teye ta\u015f\u0131d\u0131.<\/p>\n<p>A\u011fao\u011flu Grubu ile yap\u0131lan has\u0131lat payla\u015f\u0131m\u0131 anla\u015fmas\u0131yla, AVM&#8217;nin yan\u0131na 39 katl\u0131 dev bir ofis kulesi olan &#8220;My Ofis 212&#8221; projesini ekledi. B\u00f6ylece \u015firket, tek bir sanayi arsas\u0131n\u0131, hem bir al\u0131\u015fveri\u015f merkezi hem de modern bir i\u015f kulesi bar\u0131nd\u0131ran, entegre bir ticaret ve ya\u015fam merkezine d\u00f6n\u00fc\u015ft\u00fcrerek varl\u0131\u011f\u0131n\u0131n de\u011ferini katlad\u0131.<\/p>\n<p>Bu muazzam d\u00f6n\u00fc\u015f\u00fcm\u00fcn \u00f6l\u00e7e\u011fi, vizyonun b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc g\u00f6zler \u00f6n\u00fcne seriyor:<\/p>\n<ul>\n<li><b>212 Outlet AVM Toplam \u0130n\u015faat Alan\u0131:<\/b> 234.214 m\u00b2<\/li>\n<li><b>212 Outlet AVM Otopark Kapasitesi:<\/b> 3.000 ara\u00e7<\/li>\n<li><b>212 Outlet AVM A\u00e7\u0131l\u0131\u015f Tarihi:<\/b> 15.08.2009<\/li>\n<li><b>My Ofis 212 Projesi:<\/b> 39 Kat, 86.145 m\u00b2 in\u015faat alan\u0131<\/li>\n<\/ul>\n<p>Bu hamle, bir \u015firketin elindeki varl\u0131klar\u0131 ne kadar yarat\u0131c\u0131 ve k\u00e2rl\u0131 bir \u015fekilde yeniden de\u011ferlendirebilece\u011finin somut bir \u00f6rne\u011fidir. Ana fiziksel varl\u0131\u011f\u0131n\u0131 ba\u015far\u0131yla nakit \u00fcreten bir merkeze d\u00f6n\u00fc\u015ft\u00fcren EDIP, daha sonra dikkatini bu merkezin gelece\u011fini g\u00fcvence alt\u0131na alacak bir sonraki stratejik ad\u0131ma \u00e7evirdi: en b\u00fcy\u00fck operasyonel maliyetlerinden biri olan enerji.<\/p>\n<h3>3. Tu\u011fla ve Harc\u0131n \u00d6tesi: Gelece\u011fin Enerjisini Bug\u00fcnden Planlamak<\/h3>\n<p>EDIP&#8217;in vizyonu, sadece gayrimenkul geli\u015ftirmekle s\u0131n\u0131rl\u0131 kalm\u0131yor; \u015firketin DNA&#8217;s\u0131na s\u00fcrd\u00fcr\u00fclebilirli\u011fi ve operasyonel ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 kodlayan ileri g\u00f6r\u00fc\u015fl\u00fc ad\u0131mlar at\u0131yor.<\/p>\n<p><b>Al\u0131\u015fveri\u015f Merkezini R\u00fczgarla Beslemek<\/b><\/p>\n<p>\u015eirketin raporlar\u0131nda gizlenen en \u015fa\u015f\u0131rt\u0131c\u0131 detaylardan biri, gelece\u011fe y\u00f6nelik enerji planlamas\u0131d\u0131r. \u015eirket, ba\u011fl\u0131 ortakl\u0131\u011f\u0131n\u0131n sahibi oldu\u011fu Manisa K\u0131rka\u011fa\u00e7&#8217;taki arazileri \u00fczerine 9 MW g\u00fcc\u00fcnde bir r\u00fczgar enerji santrali (RES) kurma karar\u0131 ald\u0131. Bir gayrimenkul \u015firketi i\u00e7in al\u0131\u015f\u0131lmad\u0131k g\u00f6r\u00fcnen bu yat\u0131r\u0131m\u0131n arkas\u0131nda zekice bir strateji yat\u0131yor.<\/p>\n<p>Projenin temel amac\u0131, grubun en b\u00fcy\u00fck varl\u0131\u011f\u0131 ve enerji t\u00fcketicisi olan 212 Outlet AVM&#8217;nin elektrik ihtiyac\u0131n\u0131 tamamen yenilenebilir kaynaklardan kar\u015f\u0131lamakt\u0131r. Bu hamle, EDIP&#8217;in yaln\u0131zca binalar in\u015fa etmekle kalmay\u0131p, ayn\u0131 zamanda s\u00fcrd\u00fcr\u00fclebilirlik, enerji verimlili\u011fi ve \u00e7evresel sorumluluk gibi gelece\u011fin en kritik konular\u0131na da bug\u00fcnden yat\u0131r\u0131m yapt\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu, \u015firketin uzun vadeli k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 ve operasyonel dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 g\u00fcvence alt\u0131na alan stratejik bir ad\u0131md\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: Bir Bilan\u00e7odan Daha Fazlas\u0131<\/h3>\n<p>EDIP Gayrimenkul&#8217;\u00fcn hikayesi; cesur bir vizyonla k\u00f6kl\u00fc bir end\u00fcstriden \u00e7\u0131k\u0131p yeni bir alanda liderli\u011fe oynaman\u0131n, at\u0131l bir varl\u0131\u011f\u0131 kentsel bir merkeze d\u00f6n\u00fc\u015ft\u00fcrmenin ve bu merkezin gelece\u011fini s\u00fcrd\u00fcr\u00fclebilir enerjiyle g\u00fcvence alt\u0131na alman\u0131n m\u00fcmk\u00fcn oldu\u011funu kan\u0131tl\u0131yor. Rakamlar\u0131n \u00f6tesine bak\u0131ld\u0131\u011f\u0131nda, bir iplik fabrikas\u0131ndan kendi enerjisini \u00fcreten entegre bir gayrimenkul ekosistemine uzanan bu yolculuk, kurumsal evrimin en ilham verici \u00f6rneklerinden biridir.<\/p>\n<p>Peki, sizce bir \u015firketin en de\u011ferli varl\u0131\u011f\u0131 bilan\u00e7osundaki rakamlar m\u0131, yoksa kendini yeniden icat etme yetene\u011fi midir?<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Edip Gayrimenkul Yat\u0131r\u0131m Sanayi ve Ticaret A.\u015e. &#8211; 30 Eyl\u00fcl 2025 D\u00f6nemi Durum Raporu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing belgesi, Edip Gayrimenkul Yat\u0131r\u0131m Sanayi ve Ticaret A.\u015e. (&#8220;Grup&#8221;) ve ba\u011fl\u0131 ortakl\u0131\u011f\u0131n\u0131n 30 Eyl\u00fcl 2025 itibar\u0131yla sona eren dokuz ayl\u0131k d\u00f6neme ait finansal ve operasyonel durumunu analiz etmektedir. Borsa \u0130stanbul&#8217;da (BIST) &#8220;EDIP&#8221; koduyla i\u015flem g\u00f6ren \u015firket, ana gelir kayna\u011f\u0131 olan 212 Outlet \u0130stanbul Al\u0131\u015fveri\u015f Merkezi (AVM) etraf\u0131nda yo\u011funla\u015fan bir gayrimenkul yat\u0131r\u0131m ve geli\u015ftirme firmas\u0131d\u0131r.<\/p>\n<p>2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda Grup, 546,7 milyon TL has\u0131lat \u00fczerinden 448,0 milyon TL net d\u00f6nem kar\u0131 elde etmi\u015ftir. Has\u0131lat bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re yatay bir seyir izlerken, net karda g\u00f6r\u00fclen d\u00fc\u015f\u00fc\u015f\u00fcn ana nedeni enflasyon muhasebesi kapsam\u0131nda kaydedilen &#8220;Net Parasal Pozisyon Kazan\u00e7lar\u0131&#8221; kalemindeki azalmad\u0131r. Finansal yap\u0131 a\u00e7\u0131s\u0131ndan Grup, toplam 7,73 milyar TL&#8217;lik varl\u0131klar\u0131na kar\u015f\u0131l\u0131k 6,35 milyar TL&#8217;lik g\u00fc\u00e7l\u00fc bir \u00f6zkaynak pozisyonuna sahiptir ve bu da %82,15&#8217;lik y\u00fcksek bir \u00f6zkaynak\/varl\u0131k oran\u0131na i\u015faret etmektedir. \u00d6zellikle nakit ve nakit benzerlerindeki belirgin art\u0131\u015f ve toplam bor\u00e7lulu\u011fun 1,8 milyar TL&#8217;den 1,3 milyar TL&#8217;ye d\u00fc\u015fmesi, \u015firketin likiditesinin ve mali yap\u0131s\u0131n\u0131n g\u00fc\u00e7lendi\u011fini g\u00f6stermektedir.<\/p>\n<p>Stratejik olarak Grup, s\u00fcrd\u00fcr\u00fclebilirlik ve maliyet verimlili\u011fi hedefleri do\u011frultusunda AVM&#8217;nin enerji ihtiyac\u0131n\u0131 kar\u015f\u0131lamak \u00fczere Manisa&#8217;da 9 MW kapasiteli bir r\u00fczgar enerjisi santrali geli\u015ftirmeyi planlamaktad\u0131r. Ayr\u0131ca, Mu\u011fla&#8217;da yap\u0131m\u0131 devam eden bir projeden \u00fc\u00e7 adet villa al\u0131m\u0131 i\u00e7in avans \u00f6demesi yaparak portf\u00f6y\u00fcn\u00fc konut alan\u0131nda \u00e7e\u015fitlendirme ad\u0131m\u0131 atm\u0131\u015ft\u0131r. Grubun ana varl\u0131\u011f\u0131 olan 212 Outlet AVM, tamamlanan yeni metro hatlar\u0131 sayesinde ula\u015f\u0131m a\u011f\u0131ndaki entegrasyonunu g\u00fc\u00e7lendirerek stratejik konum avantaj\u0131n\u0131 peki\u015ftirmi\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 Kurumsal Yap\u0131<\/h2>\n<h3>1.1. Genel Bak\u0131\u015f ve Tarih\u00e7e<\/h3>\n<p>1971 y\u0131l\u0131nda &#8220;Edip \u0130plik Sanayi ve Ticaret A.\u015e.&#8221; unvan\u0131yla kurulan \u015firket, 2008 y\u0131l\u0131nda tekstil faaliyetlerini sonland\u0131rarak gayrimenkul geli\u015ftirme sekt\u00f6r\u00fcne odaklanm\u0131\u015ft\u0131r. 2009&#8217;da unvan\u0131n\u0131 &#8220;Edip Gayrimenkul Yat\u0131r\u0131m Sanayi ve Ticaret A.\u015e.&#8221; olarak de\u011fi\u015ftirmi\u015ftir. \u015eirket hisseleri 1990 y\u0131l\u0131ndan beri Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmektedir ve 30 Eyl\u00fcl 2025 itibar\u0131yla halka a\u00e7\u0131kl\u0131k oran\u0131 %56,10&#8217;dur.<\/p>\n<p><b>Temel Faaliyet Konusu:<\/b> Gayrimenkul imal ve in\u015fas\u0131, ticareti, al\u0131m-sat\u0131m\u0131, kiralanmas\u0131, kiraya verilmesi ve bunlar \u00fczerinde her t\u00fcrl\u00fc proje geli\u015ftirilmesi ve i\u015fletilmesi.<\/p>\n<h3>1.2. Konsolidasyon ve Ba\u011fl\u0131 Ortakl\u0131k<\/h3>\n<p>Finansal raporlar, ana ortakl\u0131k ve %100 oran\u0131nda pay\u0131na sahip oldu\u011fu ba\u011fl\u0131 ortakl\u0131\u011f\u0131 <b>Edip Uluslararas\u0131 Gayrimenkul ve Turizm A.\u015e.<\/b>&#8216;yi tam konsolidasyon y\u00f6ntemiyle i\u00e7erecek \u015fekilde haz\u0131rlanm\u0131\u015ft\u0131r. Raporlarda bu konsolide yap\u0131 &#8220;Grup&#8221; olarak an\u0131lmaktad\u0131r.<\/p>\n<ul>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131k:<\/b> Edip Uluslararas\u0131 Gayrimenkul ve Turizm A.\u015e.<\/li>\n<li><b>Kurulu\u015f:<\/b> 2006, \u0130stanbul<\/li>\n<li><b>Sermaye:<\/b> 100.000.000 TL<\/li>\n<li><b>Faaliyet:<\/b> Al\u0131\u015fveri\u015f merkezi, konut gibi in\u015faatlar\u0131 yapmak ve i\u015fletmek. Grubun ana varl\u0131\u011f\u0131 olan 212 Outlet \u0130stanbul AVM bu \u015firketin m\u00fclkiyetindedir.<\/li>\n<\/ul>\n<h3>1.3. Ortakl\u0131k Yap\u0131s\u0131 ve Y\u00f6netim Kurulu<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla Grubun ortakl\u0131k yap\u0131s\u0131 ve Y\u00f6netim Kurulu a\u015fa\u011f\u0131daki gibidir.<\/p>\n<p><b>Ortakl\u0131k Yap\u0131s\u0131:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Orta\u011f\u0131n Unvan\u0131\/Ad\u0131 Soyad\u0131<\/td>\n<td>Sermayedeki Pay\u0131 (TL)<\/td>\n<td>Sermayedeki Pay\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>ZEYBEK EMLAK VE Y\u00d6NET\u0130M\u0130 A.\u015e.<\/td>\n<td>19.790.411<\/td>\n<td>30,45%<\/td>\n<\/tr>\n<tr>\n<td>NUR\u0130 AKIN<\/td>\n<td>7.980.824<\/td>\n<td>12,28%<\/td>\n<\/tr>\n<tr>\n<td>FEZA HOLD\u0130NG A.\u015e.<\/td>\n<td>6.096.479<\/td>\n<td>9,38%<\/td>\n<\/tr>\n<tr>\n<td>D\u0130\u011eER ORTAKLAR<\/td>\n<td>31.132.286<\/td>\n<td>47,89%<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td><b>65.000.000<\/b><\/td>\n<td><b>100,00%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Y\u00f6netim Kurulu (Nisan 2025 &#8211; Nisan 2026):<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>G\u00f6rev<\/td>\n<td>\u0130sim<\/td>\n<\/tr>\n<tr>\n<td>Ba\u015fkan<\/td>\n<td>Nuri AKIN<\/td>\n<\/tr>\n<tr>\n<td>\u00dcye<\/td>\n<td>\u0130smail KO\u00c7<\/td>\n<\/tr>\n<tr>\n<td>\u00dcye<\/td>\n<td>Ahmet AKIN<\/td>\n<\/tr>\n<tr>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>Ayd\u0131n YURDUM<\/td>\n<\/tr>\n<tr>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>Necmittin TUNCAY<\/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>2. Finansal Performans Analizi (01.01.2025 &#8211; 30.09.2025)<\/h2>\n<p>Grup, 31 Aral\u0131k 2023 itibar\u0131yla T\u00fcrkiye Muhasebe Standartlar\u0131 (TMS 29) uyar\u0131nca enflasyon muhasebesi uygulamas\u0131na ge\u00e7mi\u015ftir. T\u00fcm finansal veriler, 30 Eyl\u00fcl 2025 tarihli sat\u0131n alma g\u00fcc\u00fcne g\u00f6re d\u00fczeltilmi\u015f TL cinsinden sunulmaktad\u0131r.<\/p>\n<h3>2.1. Gelir Tablosu Analizi<\/h3>\n<p>2025&#8217;in ilk dokuz ay\u0131nda Grubun sat\u0131\u015f gelirleri bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re hafif bir art\u0131\u015f g\u00f6sterirken, net d\u00f6nem kar\u0131 azalm\u0131\u015ft\u0131r. Bu durum, esas faaliyet performans\u0131ndan ziyade enflasyon muhasebesinin etkisinden kaynaklanmaktad\u0131r.<\/p>\n<p><b>\u00d6zet Konsolide Gelir Tablosu (TL):<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td><b>01.01.2025 &#8211; 30.09.2025<\/b><\/td>\n<td><b>01.01.2024 &#8211; 30.09.2024<\/b><\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>546.738.935<\/td>\n<td>531.233.518<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Kar<\/td>\n<td>301.220.857<\/td>\n<td>289.730.202<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet Kar\u0131<\/td>\n<td>258.858.194<\/td>\n<td>251.181.605<\/td>\n<\/tr>\n<tr>\n<td>Finansal Giderler (-)<\/td>\n<td>(103.631.347)<\/td>\n<td>(158.703.493)<\/td>\n<\/tr>\n<tr>\n<td>Net Parasal Pozisyon Kazan\u00e7lar\u0131 (Kay\u0131plar\u0131)<\/td>\n<td>205.266.087<\/td>\n<td>486.978.458<\/td>\n<\/tr>\n<tr>\n<td>Vergi \u00d6ncesi Kar<\/td>\n<td>387.219.393<\/td>\n<td>603.883.372<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131<\/b><\/td>\n<td><b>448.025.043<\/b><\/td>\n<td><b>542.879.391<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kapsaml\u0131 Gelir<\/b><\/td>\n<td><b>448.834.857<\/b><\/td>\n<td><b>543.137.871<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.2. Bilan\u00e7o Analizi<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla Grubun bilan\u00e7osu, g\u00fc\u00e7l\u00fc bir \u00f6zkaynak yap\u0131s\u0131, azalan bor\u00e7luluk ve artan likidite ile dikkat \u00e7ekmektedir.<\/p>\n<p><b>\u00d6zet Konsolide Finansal Durum Tablosu (TL):<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/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>240.296.178<\/td>\n<td>187.660.918<\/td>\n<\/tr>\n<tr>\n<td><i>Nakit ve Nakit Benzerleri<\/i><\/td>\n<td><i>123.033.810<\/i><\/td>\n<td><i>48.100.284<\/i><\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>7.484.704.234<\/td>\n<td>7.605.343.243<\/td>\n<\/tr>\n<tr>\n<td><i>Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkuller<\/i><\/td>\n<td><i>6.693.175.379<\/i><\/td>\n<td><i>6.691.924.387<\/i><\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM VARLIKLAR<\/b><\/td>\n<td><b>7.725.000.412<\/b><\/td>\n<td><b>7.793.004.161<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>279.472.307<\/td>\n<td>472.630.319<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>1.099.352.618<\/td>\n<td>1.423.033.212<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM Y\u00dcK\u00dcML\u00dcL\u00dcKLER<\/b><\/td>\n<td><b>1.378.824.925<\/b><\/td>\n<td><b>1.895.663.531<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6ZKAYNAKLAR<\/b><\/td>\n<td><b>6.346.175.487<\/b><\/td>\n<td><b>5.897.340.630<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM KAYNAKLAR<\/b><\/td>\n<td><b>7.725.000.412<\/b><\/td>\n<td><b>7.793.004.161<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.3. Finansal G\u00f6stergeler<\/h3>\n<p>D\u00f6nem sonu itibar\u0131yla temel finansal rasyolar, \u015firketin mali yap\u0131s\u0131ndaki ve likidite durumundaki iyile\u015fmeyi teyit etmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Rasyo<\/td>\n<td><b>30.09.2025<\/b><\/td>\n<td><b>2024 (Y\u0131l Sonu)<\/b><\/td>\n<\/tr>\n<tr>\n<td>Cari Oran<\/td>\n<td>85,98%<\/td>\n<td>39,71%<\/td>\n<\/tr>\n<tr>\n<td>Nakit Oran\u0131<\/td>\n<td>53,03%<\/td>\n<td>20,15%<\/td>\n<\/tr>\n<tr>\n<td>Toplam Bor\u00e7 \/ Toplam Aktif<\/td>\n<td>17,85%<\/td>\n<td>24,33%<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynaklar \/ Toplam Aktif<\/td>\n<td>82,15%<\/td>\n<td>75,67%<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynaklar \/ Toplam Bor\u00e7<\/td>\n<td>460,26%<\/td>\n<td>311,10%<\/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>3. Operasyonel Faaliyetler ve Stratejik Geli\u015fmeler<\/h2>\n<h3>3.1. Ana Varl\u0131klar ve Projeler<\/h3>\n<ul>\n<li><b>212 Outlet \u0130stanbul Al\u0131\u015fveri\u015f Merkezi:<\/b> Grubun ana gelir kayna\u011f\u0131 olan AVM, \u0130stanbul Mahmutbey&#8217;de Bas\u0131n Ekspres yolu \u00fczerinde stratejik bir konumda yer almaktad\u0131r. 234.214 m\u00b2 in\u015faat alan\u0131na ve 3.000 ara\u00e7l\u0131k otopark kapasitesine sahiptir. B\u00f6lgedeki ula\u015f\u0131m altyap\u0131s\u0131ndaki geli\u015fmeler, \u00f6zellikle tamamlanarak hizmete a\u00e7\u0131lan ve 6 farkl\u0131 rayl\u0131 sistemle entegrasyon sa\u011flayan <b>Atak\u00f6y &#8211; Bas\u0131n Ekspres &#8211; \u0130kitelli Metro Hatt\u0131<\/b>, AVM&#8217;nin eri\u015filebilirli\u011fini ve ziyaret\u00e7i potansiyelini \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rmaktad\u0131r.<\/li>\n<li><b>A\u011fao\u011flu My Ofis 212:<\/b> AVM ile ayn\u0131 arazi \u00fczerinde, A\u011fao\u011flu Grubu ile kat kar\u015f\u0131l\u0131\u011f\u0131 has\u0131lat payla\u015f\u0131m\u0131 modeliyle geli\u015ftirilen ofis projesidir. 2012&#8217;de tamamlanan projede, Eyl\u00fcl 2025 itibar\u0131yla Grubun stoklar\u0131nda herhangi bir ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm kalmam\u0131\u015ft\u0131r ve proje ba\u015far\u0131yla sonu\u00e7land\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>3.2. Yeni Yat\u0131r\u0131mlar ve Stratejik Kararlar<\/h3>\n<ul>\n<li><b>Yenilenebilir Enerji Yat\u0131r\u0131m\u0131:<\/b> Grup, ba\u011fl\u0131 ortakl\u0131\u011f\u0131n\u0131n Manisa \u0130li, K\u0131rka\u011fa\u00e7 il\u00e7esinde bulunan arazileri \u00fczerinde 9 MW g\u00fcc\u00fcnde bir r\u00fczgar enerji santrali geli\u015ftirmeye karar vermi\u015ftir. Bu yat\u0131r\u0131m, 212 Outlet AVM&#8217;nin elektrik t\u00fcketiminin yenilenebilir kaynaklardan sa\u011flanarak hem \u00e7evresel s\u00fcrd\u00fcr\u00fclebilirli\u011fe katk\u0131da bulunmay\u0131 hem de operasyonel maliyetleri d\u00fc\u015f\u00fcrmeyi ama\u00e7lamaktad\u0131r.<\/li>\n<li><b>Portf\u00f6y \u00c7e\u015fitlendirmesi:<\/b> Grup, Mu\u011fla ili Milas il\u00e7esi G\u00fcll\u00fck mahallesinde in\u015faat\u0131 devam eden bir siteden 3 adet villa al\u0131m\u0131 i\u00e7in avans \u00f6demeleri yapm\u0131\u015ft\u0131r. Bu ad\u0131m, Grubun gelir kaynaklar\u0131n\u0131 gayrimenkul\u00fcn farkl\u0131 bir segmenti olan konut alan\u0131nda \u00e7e\u015fitlendirme stratejisinin bir par\u00e7as\u0131d\u0131r. Bu yat\u0131r\u0131m, finansal tablolarda &#8220;Uzun Vadeli Pe\u015fin \u00d6denmi\u015f Giderler&#8221; alt\u0131nda 51 milyon TL olarak raporlanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>3.3. Finansal Yeniden Yap\u0131land\u0131rma<\/h3>\n<p>May\u0131s 2022&#8217;de, ba\u011fl\u0131 ortakl\u0131\u011f\u0131n T\u00fcrkiye Halk Bankas\u0131 A.\u015e. ile olan 72,35 milyon Euro tutar\u0131ndaki kredi bakiyesi, 10 y\u0131l vadeli TL geri \u00f6deme plan\u0131 ile yeniden yap\u0131land\u0131r\u0131lm\u0131\u015ft\u0131r. Bu yap\u0131land\u0131rma, Grubun d\u00f6viz kuru riskini ortadan kald\u0131rm\u0131\u015f ve uzun vadeli finansal istikrar\u0131na \u00f6nemli bir katk\u0131 sa\u011flam\u0131\u015ft\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>4. Risk Y\u00f6netimi ve Kurumsal Y\u00f6netim<\/h2>\n<ul>\n<li><b>Risk Y\u00f6netimi:<\/b> Grup; kredi riski, piyasa riski (kur ve faiz) ve likidite riski gibi finansal risklere maruz kalmaktad\u0131r. Y\u00f6netim, bu riskleri en aza indirmek amac\u0131yla yabanc\u0131 para y\u00fck\u00fcml\u00fcl\u00fcklerine paralel yabanc\u0131 para pozisyonu tutma ve likidite durumunu yak\u0131ndan izleme gibi politikalar uygulamaktad\u0131r. \u00dcst y\u00f6netim ve komiteler koordinasyonunda y\u00fcr\u00fct\u00fclen risk y\u00f6netimi faaliyetleri ile olas\u0131 riskler denetim alt\u0131nda tutulmaktad\u0131r.<\/li>\n<li><b>Kurumsal Y\u00f6netim:<\/b> \u015eirket, Sermaye Piyasas\u0131 Kurulu&#8217;nun Kurumsal Y\u00f6netim Tebli\u011fi \u00e7er\u00e7evesinde Denetimden Sorumlu Komite, Kurumsal Y\u00f6netim Komitesi ve Riskin Erken Saptanmas\u0131 Komitesi gibi yap\u0131lar\u0131 olu\u015fturmu\u015ftur. Yat\u0131r\u0131mc\u0131 \u0130li\u015fkileri B\u00f6l\u00fcm\u00fc, pay sahiplerinin bilgiye e\u015fit ve kolay eri\u015fimini sa\u011flamak amac\u0131yla aktif olarak faaliyet g\u00f6stermektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"629\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Sa\u011flanan metinler, **Edip Gayrimenkul Yat\u0131r\u0131m Sanayi ve Ticaret A.\u015e.&#8217;ye** ait 01.01.2025-30.09.2025 d\u00f6nemine ili\u015fkin **Y\u00f6netim Kurulu Faaliyet Raporu** ve konsolide mali tablolara ait notlardan olu\u015fmaktad\u0131r. Kaynaklar, \u015firketin faaliyet konusu olan **gayrimenkul geli\u015ftirme ve i\u015fletme** i\u015flerini (\u00f6zellikle **212 Outlet AVM** ve **My Ofis 212** projeleri), **konsolidasyon esaslar\u0131n\u0131**, ortakl\u0131k yap\u0131s\u0131n\u0131 ve y\u00f6netim kurulu \u00fcyelerini detayl\u0131ca a\u00e7\u0131klamaktad\u0131r. Ayr\u0131ca, \u015firket taraf\u0131ndan uygulanan **muhasebe politikalar\u0131** (TMS\/TFRS standartlar\u0131na uyum, enflasyon muhasebesi gibi), yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkullerin **ger\u00e7e\u011fe uygun de\u011ferlemesi**, finansal risk y\u00f6netimi yakla\u015f\u0131mlar\u0131 (**kur ve likidite riski** dahil) ve s\u00fcregelen hukuki s\u00fcre\u00e7ler hakk\u0131nda kapsaml\u0131 bilgiler sunulmaktad\u0131r. Finansal \u00f6zetler ve likidite oranlar\u0131 da d\u00f6nemsel performans\u0131 g\u00f6steren temel veriler aras\u0131ndad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":637,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[142],"class_list":["post-629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-edip"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/629","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=629"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/629\/revisions"}],"predecessor-version":[{"id":638,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/629\/revisions\/638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/637"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}