Real estate investment trusts in Turkey: Structure, analysis, and strategy

Ali Hepsen; Murat G. Berberoglu; Olgun Aydin

doi:10.17261/pressacademia.2017.508

Real estate investment trusts in Turkey: Structure, analysis, and strategy

Abstrakt

Purpose-Aim of this study is to make the determinations related to the problems mentioned in the REIT sector in Turkey, to offer a solution for this issue, and to ensure the classification in the sector by adhering to the financial data of the REITsMethodology-Financial data set of the REITs was firstly standardized by using median instead of mean. Then, the scoring was performed according to defined coefficients. After that normality test of the obtained scores was performed, the area of each score under standard normal distribution curve was calculated and the scores were moved to the 0-100‎range.‎Finally,‎scores‎were‎collected‎under‎5‎groups‎as‎“Very‎good,‎Good,‎Not‎Bad,‎Bad‎and‎Very‎Bad”‎by‎using‎k-means algorithm. Clustering were made on R Studio.Findings-Our analyses conducted that REITs traded on the Istanbul Stock Exchange are divided into two subgroups depending on their financial data.Conclusion-It will be important the REITs, in the sub-group especially in terms of the score distribution, to diversify their portfolio by extending their asset investments, to stabilize dividend payments and to take steps on institutionalization so that they are equivalentto REITs in the super-group.

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Autorzy (3)

Ali Hepsen
Murat G. Berberoglu
Olgun Aydin dr
- Mimar Sinan University

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Wersja publikacji: Accepted albo Published Version
DOI:: Cyfrowy identyfikator dokumentu elektronicznego (otwiera się w nowej karcie) 10.17261/pressacademia.2017.508
Licencja: otwiera się w nowej karcie

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Kategoria:: Publikacja w czasopiśmie
Typ:: artykuły w czasopismach
Opublikowano w:: Journal of Business, Economics and Finance nr 6, strony 191 - 199,
ISSN:
Język:: angielski
Rok wydania:: 2017
Opis bibliograficzny:: Hepsen A., Berberoglu M. G., Aydin O.: Real estate investment trusts in Turkey: Structure, analysis, and strategy// Journal of Business, Economicsand Finance -Vol. 6,iss. 2 (2017), s.191-199
DOI:: Cyfrowy identyfikator dokumentu elektronicznego (otwiera się w nowej karcie) 10.17261/pressacademia.2017.508
Weryfikacja:: Politechnika Gdańska