Vakif GYO stock gets a TRY 12.6 billion Izmir project

Published on 10/08/2026 at 04:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vakif GYO stock closed at TRY 1.63 on October 7, 2026, after a 1.21 percent decline. Quarterly revenue fell to TRY 296.295 million.

Vakif GYO, TRAVKGYO91Q3, Illustration mit AI erstellt.

Vakif GYO (ISIN TRAVKGYO91Q3) closed at TRY 1.63 on Borsa Istanbul on October 7, 2026, down 1.21 percent from TRY 1.61. The company is developing a TRY 12.6 billion mixed-use project in Izmir, giving the stock a large new project figure to assess.

Izmir project sets the news agenda

According to IT BOLTWISE on October 6, 2026, Vakif GYO started the VYeniKonak development in the Konak district of Izmir. The project covers 17,703 square meters of land and includes 386 offices, 174 apartments and 51 commercial units.

The planned handover is scheduled for October 2029, while construction began on March 13, 2026, according to IT BOLTWISE. The TRY 12.6 billion figure describes development volume, not recognized revenue, so its financial effect will depend on construction progress, sales and leasing.

Quarterly revenue moved lower

Investing.com reports that Vakif GYO generated TRY 296.295 million of revenue in the latest quarter, down from TRY 414.716 million in the previous quarter. The same comparison shows net income at TRY 157.569 million versus TRY 183.358 million.

The quarter also included EPS of TRY 0.040, while the latest release date shown by Investing.com is August 7, 2026. That makes the project pipeline important, but the next valuation question is whether the new development can offset the quarter-over-quarter revenue decline.

Stock closes below recent project coverage

VKGYO traded between TRY 1.62 and TRY 1.66 on October 7, 2026, with the prior close at TRY 1.61. The 1.21 percent decline places the latest close below the day's high while the project announcement remains the central company-specific event.

For investors, the key distinction is timing: the project offers a quantified development pipeline, while the latest operating comparison shows lower quarterly revenue and net income. Those figures point to a multi-year execution story rather than an immediate revenue contribution.

Vakif GYO stock closes at TRY 1.63

Vakif GYO stock closed at TRY 1.63 on Borsa Istanbul on October 7, 2026, after a 1.21 percent daily decline. The next material valuation signal is likely to come from construction progress and subsequent financial reporting.