What are the reasons for Peker GMYO not distributing dividends?

Peker REIT's Profit Status and Distribution Policy

Peker Real Estate Investment Trust (REIT) has been a notable company in recent years; however, one of the most important issues for investors is the dividend distribution. As of 2023, it has been observed that the company has not made any dividend payments. This situation raises some questions in the minds of investors.

Profit and Loss Status under IFRS and Tax Procedure Law

It is known that last year, Peker REIT announced a net profit of 81.6 million TL under the International Financial Reporting Standards (IFRS). However, it has been stated that the company incurred a loss of 1.3 billion TL under the Tax Procedure Law (TPL). This contradiction has arisen due to high borrowing costs and revaluation differences.

Preconditions for Dividend Distribution

For a company to be able to make dividend payments, it must first generate profits. The current loss of Peker REIT means that there is no distributable profit available. Therefore, no decision has been made to distribute dividends for 2024.

Company's Capital Increase Activities

When examining Peker REIT's past data, it becomes clear that the company has never implemented a profit distribution policy. Instead, it has preferred to pursue its growth strategy through capital increase methods. In July of last year, the company carried out a 100% paid capital increase, and the previous year, it made a 273.23% free capital increase.

Conclusion

Considering Peker REIT's past and present status, it is evident that investors' expectations for dividend payments have not materialized, and the company's profit distribution policy is structured in accordance with its growth targets.