TY  - JOUR
T1  - REAL ESTATE INVESTMENT TRUSTS IN TURKEY: STRUCTURE, ANALYSIS, AND STRATEGY
AU  - Hepsen, Ali
AU  - Berberoglu, Murat G.
AU  - Aydın, Olgun
PY  - 2017
DA  - June
DO  - 10.17261/Pressacademia.2017.508
JF  - Journal of Business Economics and Finance
JO  - JBEF
PB  - Dilek TEKER
WT  - DergiPark
SN  - 2146-7943
SP  - 191
EP  - 199
VL  - 6
IS  - 2
LA  - en
AB  - Purpose- Aim of this study is to make thedeterminations related to the problems mentioned in the REIT sector in Turkey,to offer a solution for this issue, and to ensure the classification in thesector by adhering to the financial data of the REITs Methodology- Financial data set of the REITs was firstlystandardized by using median instead of mean. Then, the scoring was performedaccording to defined coefficients. After that normality test of the obtainedscores was performed, the area of each score under standard normal distributioncurve was calculated and the scores were moved to the0-100‎range.‎Finally,‎scores‎were‎collected‎under‎5‎groups‎as‎“Very‎good,‎Good,‎Not‎Bad,‎Bad‎and‎Very‎Bad”‎by‎using‎k-means algorithm. Clustering weremade on R Studio.Findings-Our analyses conducted that REITstraded on the Istanbul Stock Exchange are divided into two subgroups dependingon their financial data.Conclusion- It will be important the REITs, inthe sub-group especially in terms of the score distribution, to diversify theirportfolio by extending their asset investments, to stabilize dividend paymentsand to take steps on institutionalization so that they are equivalent to REITsin the supergroup.
KW  - Real estate investment trusts (REITs)
KW  - Turkey
KW  - performance ranking
KW  - K-means algoritm
KW  - R studio
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UR  - https://doi.org/10.17261/Pressacademia.2017.508
L1  - https://dergipark.org.tr/en/download/article-file/379993
ER  -