Emlak Konut Gayrimenkul Yatirim Ortakligi AS (IST:EKGYO) Construction In Progress : ₺136 Mil (As of Dec. 2023)

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What is Emlak Konut Gayrimenkul Yatirim Ortakligi AS Construction In Progress?

Emlak Konut Gayrimenkul Yatirim Ortakligi AS's quarterly construction in progress declined from Jun. 2023 (₺67 Mil) to Sep. 2023 (₺62 Mil) but then increased from Sep. 2023 (₺62 Mil) to Dec. 2023 (₺136 Mil).

Emlak Konut Gayrimenkul Yatirim Ortakligi AS's annual construction in progress increased from Dec. 2021 (₺29 Mil) to Dec. 2022 (₺162 Mil) but then declined from Dec. 2022 (₺162 Mil) to Dec. 2023 (₺136 Mil).

Emlak Konut Gayrimenkul Yatirim Ortakligi AS Construction In Progress Historical Data

The historical data trend for Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Emlak Konut Gayrimenkul Yatirim Ortakligi AS Construction In Progress Chart

Emlak Konut Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

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Dec23

Construction In Progress

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0.10

29.17

161.87

135.81

Emlak Konut Gayrimenkul Yatirim Ortakligi AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															161.87	65.61	67.27	62.38	135.81

Emlak Konut Gayrimenkul Yatirim Ortakligi AS Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Emlak Konut Gayrimenkul Yatirim Ortakligi AS (IST:EKGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Emlak Konut Gayrimenkul Yatirim Ortakligi AS (IST:EKGYO) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

Barbaros Mahallesi, Mor Sumbul Sokak No :7/2 B, Atasehir, Istanbul, TUR

Website

https://www.emlakkonut.com.tr

Emlak Konut Gayrimenkul Yatirim Ortakligi AS, or Emlak Konut REIT, is a Turkish real estate investment trust of which the main shareholder is the Turkish government through the Housing Development Administration of Turkey. The company is primarily engaged in the development and leasing of housing units in urban areas throughout Turkey. Emlak Konut primarily focuses on purchasing and developing real estate projects, such as apartments and townhomes, aimed at middle and upper-middle-class income groups. The vast majority of the company's total revenue is derived from revenue sharing projects in which property income is shared between multiple contractors. Most of the leases that Emlak Konut receives rental revenue from are short- to medium-term leases.

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