Emlak Konut stock gets TRY 18.47 billion project update

Published on 10/08/2026 at 05:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Emlak Konut stock was last at TRY 19.60 on October 7, 2026, down 0.76 percent on Borsa Istanbul. Q2 revenue fell 2.1 percent to TRY 30.71 billion.

Emlak Konut, TREEGYO00017, Illustration mit AI erstellt.

Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. (ISIN TREEGYO00017) was last at TRY 19.60 on Borsa Istanbul on October 7, 2026, down 0.76 percent from the prior close. The company is linked to a TRY 18.47 billion share of the highest bid in an Istanbul land-for-revenue-sharing tender, according to Investing.com on October 5, 2026.

TRY 18.47 billion project share

The Umraniye Inkilap 2nd Stage tender produced a highest total sales-revenue bid of TRY 46.17 billion. Emlak Konut's calculated share was TRY 18.47 billion, based on a 40 percent revenue-sharing rate, while the tender assessment process continued.

The tender followed a cooperation protocol with Türksat and involved the second session on October 2, 2026. The company said the public would receive further information after the tender process was completed, according to Investing.com.

Q2 revenue slipped 2.1 percent

Emlak Konut's Q2 2026 revenue was TRY 30.71 billion, down 2.1 percent from TRY 31.37 billion in the same quarter a year earlier, according to FKRadar. Net income for the quarter was TRY 1.01 billion, compared with TRY 7.91 billion a year earlier.

The comparison puts the tender in a different light for investors. The project share of TRY 18.47 billion is a potential revenue contribution tied to the tender structure, while the Q2 figures describe recognized quarterly performance and should not be treated as interchangeable measures.

Analyst target remains at TRY 31

Kuveyt Türk Yat?r?m retained an AL rating and a TRY 31 price target for Emlak Konut on September 29, 2026, according to Kulis Borsa. The report highlighted the Kemerburgaz 3rd Stage project, where total sales revenue was TRY 36.66 billion and Emlak Konut's projected share was TRY 15.40 billion at a 42 percent revenue-sharing rate.

At TRY 19.60, the stock stood 27.7 percent below its 52-week high of TRY 27.12 and above its 52-week low of TRY 17.47 on October 7, 2026. That range leaves the tender outcome and the conversion of project agreements into recognized revenue as separate checkpoints.

Stock stays below its yearly high

Emlak Konut stock was last at TRY 19.60 on Borsa Istanbul on October 7, 2026, at 6:09 p.m. TRT. The market capitalization was TRY 71.8 billion on the same date, with volume of 63,088,272 shares.