Özet:

It is known that the financial performance of the companies is an important factor in predicting our future and in today’s competitive environment. As a result, only financial ratio analyzes were not sufficient to a certain extent. To this end, researchers have developed and implemented specific methods. Among these applications, multi-criteria decision-making methods are frequently used. Real estate investment in Turkey which is also known to have serious capital is an important sector. Therefore, the financial ratio analysis of the enterprises operating in this sector is important for investors and company managers. In this study, TOPSIS and MOORA method, which are multi-criteria decision-making methods, were used by taking into account the highest financial ratio and the ten highest companies operating in the real estate investment trust sector. The primary objective of this study is to measure the financial performance ranking of companies with measurement instruments of different standards. In this study, the financial performance of real estate investment trust companies, whose shares are traded on the stock exchange, are determined to be at the highest level in 2017 by using TOPSIS and MOORA technique. In the study, 10 traditionally used financial ratio were calculated with the end of 2013-2017 year-end data and then the decision matrix of TOPSIS and MOORA method was created by taking the average of the rates. Thus, the rankings of 10 companies were compared and interpreted in terms of financial performance criteria.

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