Türk gayrimenkul yatırım ortaklıklarının portföy çeşitliliği ve operasyonel performansları arasında bir ilişki var mıdır?

Diversification has been a major topic in the academic literature for a very long time. Controversial results have been found by different researchers in different contexts. To investigate the issue for the Turkish real estate market, I focus on the Turkish REITs. I collect and set up a data set of annual property portfolios of REITs and create portfolio diversification measures. To be able to assess the impact of diversification of REITs in Turkey on their operational performance, I evaluate the relationship in two dimensions. Property type diversification and regional diversification will be my trivets to build this study on. In terms of geographic diversification, I specifically concentrate on an Istanbul vs non-Istanbul focus. I find that there is a positive contribution of İstanbul-focused portfolio investments and property type focus. In the end, I suggest policy implications.