IFRS 40 use of investment property standards in real estate investment companies and measurement of financial performance effects : BIST sample

In the study, Real Estate Investment Trusts use IAS 40 "Investment Property Standard" after IFRS and its effect on financial performance is examined. Firstly, IAS 40 Investment Property Standard is examined in detail and accounting records are explained with examples. Later, the place and importance of Real Estate Investment Trusts in financial markets has been investigated. In this respect, the Ratio Model was used to measure the change in the financial performance of the REITs and the panel data regression analysis to determine how the changes in the financial statements of the five REITs before and after IFRS affected the financial performances of the REITs. As a result of the analysis, it is seen that Real Estate Investment Trusts, especially after IFRS, have experienced significant increases in active profit rate, equity profitability and net profit. The most important reasons for this increase came in the form of post-URFS financial statements and fair value accounting. Keywords: IFRS/IAS 40, financial statements, REITs, financial performance