Abstract:

Purpose - Real Estate Investment Partnership Companies have emerged as a solution to the liquidity and sustainable growth problems that real estate and real estate-related sectors are exposed to today, where economic and financial crises are frequently occurring. Analysis of the stock exchange performance of these companies and the factors affecting these performance has become a need for individual and corporate investors. In order to contribute to this need, this study was conducted in order to investigate the effects of the liquidity, financial structure, activity and profitability rates of the GYO companies that are trading in BIST in the period 2010C1-2020.C1. Method - The sample selection of this study consists of the Real Estate Investment Partnership companies that are traded in the Stock Exchange in Istanbul. The financial interests of these companies are provided through the purchase from the data bank www.finnet.com. Obtained rationals are analysed using the STATA program, which is a panel data analysis method, and the outcome results are. The results - The results of the analyses were found that the independent variables treated in the regression outcomes explained the market value / paper value (PD/DD) variable as 82.3 per cent. The most influential of the meaningful output variables was the cash cycle. When the cash cycle increased by 1 unit, the PD/DD exchange increased by 38 percent. The net profit growth rate was then increased by 27 percent, the net profit margin rate by 20 percent and the activity profit rate by 19 percent. On the other hand, when the Financial Debt/Gross Debt ratio increased by 1 unit, the PD/DD ratio decreased by 9 percent and the Debt/Self Resource ratio by 5 percent (negative reducing ratio). Debate - Financial rates are greatly influential on the PD/DD ratio of GYOs trading in BIST. In particular, cash cycle, net profit growth, net profit margin, activity profit growth, activity profit margin, self-resource growth and liquidity rates increase above PD/DD ratio while financial debt/total debt and debt/source ratio decline.

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