Halk GYO Board Signs Off on First-Half 2026 Results After KPMG Review

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Halk Gayrimenkul Yatirim Ortakligi AS has formally approved its interim financial statements for the six months ended June 30, 2026, with senior management and the audit committee chair attesting that the reports comply with capital markets rules and fairly present the company’s financial position. Independent auditor KPMG completed a limited review of the interim consolidated statements under Turkish Accounting Standard 34 and identified no material misstatements. The company also published its portfolio compliance table via the Public Disclosure Platform, confirming adherence to regulatory limits on asset composition. The board’s responsibility statement underscores accountability for the accuracy of disclosed figures, while the dual disclosures aim to reinforce investor confidence in the Turkish real estate investment trust’s governance and reporting practices.

Key Elements

Halk Gayrimenkul Yatirim Ortakligi AS (HLGYO), a Turkish real estate investment trust, said its board has formally approved the standalone and consolidated financial statements for the first half of 2026, capping a reporting cycle in which independent auditor KPMG completed a limited review of the interim figures without flagging any material misstatements.

The approvals cover the six-month period ended June 30, 2026, and include the consolidated annual report for the interim window. Senior management and the audit committee chair signed off on a responsibility statement confirming that the reports comply with capital markets financial reporting rules, fairly present the company’s financial position and performance, and accurately outline key risks and uncertainties for investors.

KPMG’s limited review encompassed the group’s balance sheet, income statement, cash flow statement, changes in equity, and accompanying notes, all prepared under Turkish Accounting Standard 34 for interim reporting. The audit firm concluded that nothing came to its attention indicating material misstatement, meaning the statements fairly present the group’s financial position, performance, and cash flows for the period. The engagement was a limited review rather than a full audit and therefore does not constitute an audit opinion.

The board’s confirmation of accuracy and completeness serves as a governance checkpoint for a company whose shares trade on Borsa Istanbul with an average daily volume of roughly 25.4 million shares and a market capitalization of about 17 billion Turkish lira. TipRanks data shows a technical sentiment signal of Buy on the stock.

Portfolio Compliance Disclosure

Separately, the company published its Control of Compliance with Portfolio Limitations table from the non-consolidated financial statements dated June 30, 2026. The disclosure was made using the Public Disclosure Platform template, which is the standard electronic reporting format for companies regulated by Turkey’s Capital Markets Board.

The table is designed to show whether the REIT’s asset mix adheres to regulatory limits on portfolio composition. By publishing the data in the mandated format, Halk GYO aims to give regulators and investors a clearer view of its asset management practices and its standing under portfolio limitation rules.

Governance and Reporting Framework

Halk GYO operates in the Turkish real estate investment sector, managing a portfolio of property and real estate-backed assets for capital markets investors. Its activities fall under Capital Markets Board regulations, which emphasize transparent financial reporting and risk disclosure. The company’s interim reporting is subject to oversight by independent auditors, reflecting a governance framework aligned with national accounting and auditing norms.

The dual-track disclosures — the board-approved financial statements and the portfolio compliance table — are part of the standard interim reporting obligations for Turkish REITs. The responsibility statement reinforces the board’s accountability for the accuracy and completeness of disclosed figures, while the KPMG review provides an external check on the interim numbers.

For investors, the combination of board sign-off and independent auditor review reduces the information gap between interim reporting periods. The absence of material misstatements identified by KPMG supports confidence in the company’s first-half figures, though the limited nature of the review means it offers less assurance than a full annual audit. The portfolio compliance table additionally confirms that the company’s asset allocation remained within regulatory boundaries as of mid-2026.

Note: Market data reflects figures cited in the

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