Real estate investment trusts in Turkey: Structure, analysis, and strategy - Publikacja - MOST Wiedzy


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


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)

  • Zdjęcie użytkownika  Ali Hepsen

    Ali Hepsen

  • Zdjęcie użytkownika  Murat G. Berberoglu

    Murat G. Berberoglu

  • Zdjęcie użytkownika dr Olgun Aydin

    Olgun Aydin dr

    • Mimar Sinan University

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Opublikowano w:
Journal of Business, Economics and Finance nr 6, strony 191 - 199,
Rok wydania:
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
Cyfrowy identyfikator dokumentu elektronicznego (otwiera się w nowej karcie) 10.17261/pressacademia.2017.508
Politechnika Gdańska

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