Emlak Konut

EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Traded as	BİST: EKGYO
Industry	Real estate
Founded	1987
Headquarters	Turkey
Revenue	US$1.006 billion (2023)
Operating income	US$127.2 million (2023)
Net income	US$143.8 million (2023)
Total assets	US$5.201 billion (2023)
Total equity	US$2.379 billion (2023)
Parent	The Housing Development Administration of Turkey (TOKI)
Website	emlakkonut.com.tr/en-US

Emlak Konut is a Turkish real estate developer owned by TOKİ.[1][2]

History

Emlak Konut was formed in 1987 as a subsidiary of Emlak Bank, from property developer Ankara İmar Ltd, which had been founded in 1953. The company specialised in housing projects throughout Turkey. In 2002, with the liquidation of the failed Emlak Bank, ownership of the property company passed to TOKİ, but Emlak Konut has remained profitable without need of further subsidy from TOKİ.^[citation needed]

In 2010, shares of Emlak Konut were publicly offered on the Istanbul Stock Exchange.[3]

References

1. "Emlak Konut GYO // Resmi Web Sitesi : Hakkımızda". Archived from the original on 2014-07-16. Retrieved 2014-07-20.
2. "Republic of Turkey Prime Ministry Housing Development Administration". Archived from the original on 2014-07-28. Retrieved 2014-07-20.
3. "Emlak Mikro". Archived from the original on 2014-07-25. Retrieved 2014-07-20.