Akmerkez Gayrimenkul Yatirim Ortakligi A.S. (AKMGY) Fair Value & Analysis
Real Estate · TR · Market cap 8.8B TRY
Fair value as of: Aug 4, 2026
From 23 valuation models · updated today
Share price −2.7% over the past month.
A solid business, screening 24% undervalued on our models.
What matters now
- Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (177.84 TRY to 378.45 TRY) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.
How to read this chart
60‑month range 27.97 TRY – 343.67 TRY · fair‑value band 177.84 TRY – 378.45 TRY · the 243.20 TRY price screens below the 302.76 TRY fair value. Dashed = 300-day average. As of Aug 4, 2026.
Analysis
Akmerkez Gayrimenkul Yatirim Ortakligi A.S. (AKMGY) currently trades at 243.20 TRY, while our model-based Fair Value estimate is 302.76 TRY, implying the stock looks roughly 24.5% undervalued today. We read business quality at 62/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Akmerkez Gayrimenkul Yatirim Ortakligi A.S. generated revenue of 1.1B TRY at a net margin of 55.5%. Revenue grew 6.6% year over year. It earns a return on equity of 6.8%. The stock trades on a trailing P/E of 14.2. Fundamentals as of Aug 4, 2026
Our scenario range runs from 177.84 TRY (bear case) to 378.45 TRY (bull case); at 243.20 TRY, the current price sits within that range. The share trades about 27% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -53% fair-value upside, at 24%, AKMGY screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: Growth Earnings (539.57 TRY) versus Asset-Based (172.42 TRY). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 54
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Akmerkez Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate investment association in Turkey. It engages in the investment, ownership, development, and rental of real estate properties, primarily shopping centers. The company was formerly known as Akmerkez Gayrimenkul Yatirimi A.S. and changed its name to Akmerkez Gayrimenkul Yatirim Ortakligi A.S.
Full company description
Akmerkez Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate investment association in Turkey. It engages in the investment, ownership, development, and rental of real estate properties, primarily shopping centers. The company was formerly known as Akmerkez Gayrimenkul Yatirimi A.S. and changed its name to Akmerkez Gayrimenkul Yatirim Ortakligi A.S. in February 2005. Akmerkez Gayrimenkul Yatirim Ortakligi A.S. is based in Istanbul, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Akmerkez Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 1.1B TRY in FY2025 versus 121M TRY in FY2021, a compound +73.8%/yr. Reported net income was 664M TRY in FY2025, compounding +62.7%/yr from FY2021.
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Peer Group
REIT - Retail · 109 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Retail median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $229.78 | $86.11 | -63% |
| Realty Income Corporation O | $65.60 | $30.71 | -53% |
| Unibail-Rodamco-Westfield SE URW | €103.65 | €101.67 | -2% |
| Kimco Realty Corporation KIM | $26.10 | $12.60 | -52% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.47 SGD | 0.9100 SGD | -63% |
| Regency Centers Corporation REG | $82.15 | $33.69 | -59% |
| Scentre Group SCG | A$3.93 | A$3.34 | -15% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$39.22 | HK$41.98 | +7% |
| Federal Realty Investment Trust FRT | $126.08 | $41.96 | -67% |
| Brixmor Property Group BRX | $32.44 | $13.18 | -59% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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