Akfen GYO stock falls 2.79 percent as buyback activity expands

Published on 10/08/2026 at 05:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Akfen GYO stock stood at TRY 2.44 on BIST on October 8, 2026, while turnover reached TRY 58.9 million. EBITDA rose 14 percent in the first half.

Akfen GYO, TREAKFG00012, Illustration mit AI erstellt.

Akfen GYO stock (ISIN TREAKFG00012) was last at TRY 2.44 on BIST on October 8, 2026, down 2.79 percent, with 23,801,039 shares changing hands. The move came as the real estate investment trust added a logistics leasing plan and continued its share buyback program.

Gebze lease plan adds a commercial test

Akfen GYO signed an exclusivity protocol on October 6 for the planned lease of a logistics warehouse in Kocaeli's Gebze district to the Turkish operating company of a global e-commerce group, according to The Globe and Mail. The protocol sets out the main commercial terms, while the final lease agreement still has to define the detailed commercial, technical and legal conditions.

That distinction matters for investors: the announcement identifies a potential tenant and an exclusivity framework, but it does not yet establish recurring rent under a completed contract. The project therefore links Akfen GYO's development land to logistics demand without turning the plan into booked rental revenue.

Buyback program reaches 5.1 million shares

Akfen GYO repurchased 5,059,955 shares on October 7, according to CNBC-e. The repurchase was part of a program that allows up to 60,000,000 shares and sets aside TRY 200 million, while the planned maximum represents 1.53846 percent of share capital, according to the company's disclosure on KAP.

The buyback gives the stock a separate capital-markets angle from the Gebze project. It also provides a measurable framework for the company: the October 7 purchase equals 8.4 percent of the program's 60 million-share ceiling, calculated from the reported figures.

EBITDA reached TRY 768 million

Akfen GYO's first-half 2026 EBITDA rose 14 percent to TRY 768 million, while net debt declined 2 percent, Turkchem reported on August 11, 2026. The combination puts operating earnings and leverage alongside the newer logistics development as the main figures for assessing the company.

For investors, the key distinction is between operating progress already measured in the first half and future value that depends on the final Gebze lease. The stock's October 8 decline of 2.79 percent places that corporate progress against a weaker trading session rather than a confirmed change in the project's economics.

Akfen GYO stock was last at TRY 2.44

Akfen GYO stock was last at TRY 2.44 on BIST on October 8, 2026, down 2.79 percent, with turnover of TRY 58.9 million and 23,801,039 shares traded. The trading data give the market reaction a precise date while the lease protocol, buyback figures and first-half EBITDA define the company's current operating frame.