Marti Unveils Changes to Lengthen Its Share Buyback Initiative
Share Repurchase Program Extension: Marti Technologies has extended its share repurchase program for an additional six months, allowing the company to buy back up to $2.5 million of its Class A ordinary shares until April 9, 2026, with a ceiling price of $6.00 per share.
Company Overview: Founded in 2018, Marti is Türkiye's leading mobility app, providing various transportation services including ride-hailing and rental e-mopeds, e-bikes, and e-scooters, all supported by proprietary software and IoT infrastructure.
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Morguard REIT Declares January 2026 Distribution of 2 Cents per Unit
- Distribution Announcement: Morguard Real Estate Investment Trust has declared a distribution of 2 cents per unit for January 2026, payable on February 13, 2026, reflecting the company's ongoing cash flow stability and commitment to investor returns.
- Record Date: The record date for this distribution is set for January 30, 2026, ensuring that investors holding units by this date will receive the distribution, thereby enhancing investor retention.
- Portfolio Overview: Morguard Trust owns a diversified portfolio of 45 high-quality retail, office, and industrial income-producing properties, totaling approximately 8.1 million square feet of leasable space, showcasing its strong position and diversified investment strategy in the Canadian real estate market.
- Company Background: As a closed-end real estate investment trust, Morguard focuses on providing stable income streams and capital appreciation, aiming to attract long-term investors and enhance its competitive edge in the market.
Marti Sets 3.8M Riders and 485K Drivers Target by March 2026
- Significant User Growth: As of December 31, 2025, Marti's rider count reached 3.38 million, exceeding the target of 3.30 million, indicating strong demand for mobility services in Turkey, which is expected to further drive revenue growth.
- Driver Registrations Surge: The number of registered drivers grew by 26% from August to December 2025, reaching 450,000, demonstrating Marti's success in providing economic opportunities and enhancing its competitive position in the market.
- Market Expansion Strategy: Marti's services now span 20 markets across Turkey, covering approximately 80% of the country's GDP, reflecting nationwide demand growth and supporting the company's long-term development strategy.
- Enhanced Safety Measures: With an average driver rating of 4.8 stars and all drivers undergoing background checks, Marti not only boosts passenger safety but also enhances brand trust, which helps attract more users.
Marti Technologies (MRT) Forecasts 2026 Revenue of $70 Million, Doubling 2025 Projections
- Doubling Revenue Forecast: Marti Technologies anticipates 2026 revenue to reach $70 million, more than doubling the projected $34 million for 2025, indicating strong growth potential in the ride-hailing market.
- Improved Profitability: The company expects to achieve positive adjusted EBITDA of $1 million in 2026, a significant turnaround from the anticipated $17 million loss in 2025, reflecting substantial improvements in operating leverage and unit economics.
- Market Expansion Strategy: Marti plans to roll out monetization in new markets launched in 2025, alongside a sharp increase in ride-hailing trips and higher take rates in cities, further driving revenue growth and enhancing competitive positioning.
- Future Growth Path: CEO Öktem emphasized that as Marti expands across Türkiye and serves the under-developed transportation market, the company is on track to double revenue and achieve positive EBITDA, showcasing strong execution and significant market opportunities.
Marti Releases 2024 Sustainability Report, Prevents 462 Tons of CO₂ Emissions
- Environmental Achievement: In 2024, Marti prevented 462 tons of CO₂ emissions through its shared and electric transportation services, equivalent to the annual carbon absorption of approximately 21,000 mature trees, significantly enhancing the company's impact in sustainable mobility.
- Electric Transport Efficiency: Marti's e-mopeds, e-bikes, and e-scooters reduce CO₂ intensity by 39%, 33%, and 18% respectively, driving a low-carbon transition in urban mobility in Türkiye and strengthening its competitive position in the market.
- Safety and Accessibility Enhancement: In 2024, Marti launched the Marti Safety Academy, providing riders with practical safety guidance and reinforcing a culture of sustainable mobility, which enhances user safety and overall travel experience.
- Long-term Commitment: Marti aims to achieve net-zero Scope 1 and Scope 2 emissions by 2030 and is committed to transitioning to a 100% electric logistics fleet to achieve net-zero Scope 3 emissions, demonstrating the company's strong dedication to sustainability.
Marti Technologies Launches Ride-Hailing Service in 10 More Cities Throughout Türkiye
Expansion of Services: Marti Technologies has launched its ride-hailing service in 10 new cities across Türkiye, expanding its operations to 20 markets and now serving approximately 80% of the country's GDP.
Successful Growth: The company experienced higher-than-expected demand in its recent expansions, leading to a revised forecast for ride-hailing revenue contributions from outside Istanbul, increasing from 55% to 65%.
Long-Term Strategy: Marti plans to delay monetization of the newly added cities until at least 2026, focusing on rider and driver adoption while expanding its network.
Market Size Increase: Marti has raised its estimate of Türkiye's total ride-hailing market size to $4.0 billion annually, up from a previous estimate of $3.0 billion, reflecting the growing demand for ride-hailing services beyond Istanbul.
Scotiabank Keeps Sector Perform Rating for Morguard REIT and Increases Price Target to C$6
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information that help traders succeed in the stock market.
Morguard REIT Declares January 2026 Distribution of 2 Cents per Unit
- Distribution Announcement: Morguard Real Estate Investment Trust has declared a distribution of 2 cents per unit for January 2026, payable on February 13, 2026, reflecting the company's ongoing cash flow stability and commitment to investor returns.
- Record Date: The record date for this distribution is set for January 30, 2026, ensuring that investors holding units by this date will receive the distribution, thereby enhancing investor retention.
- Portfolio Overview: Morguard Trust owns a diversified portfolio of 45 high-quality retail, office, and industrial income-producing properties, totaling approximately 8.1 million square feet of leasable space, showcasing its strong position and diversified investment strategy in the Canadian real estate market.
- Company Background: As a closed-end real estate investment trust, Morguard focuses on providing stable income streams and capital appreciation, aiming to attract long-term investors and enhance its competitive edge in the market.
Marti Sets 3.8M Riders and 485K Drivers Target by March 2026
- Significant User Growth: As of December 31, 2025, Marti's rider count reached 3.38 million, exceeding the target of 3.30 million, indicating strong demand for mobility services in Turkey, which is expected to further drive revenue growth.
- Driver Registrations Surge: The number of registered drivers grew by 26% from August to December 2025, reaching 450,000, demonstrating Marti's success in providing economic opportunities and enhancing its competitive position in the market.
- Market Expansion Strategy: Marti's services now span 20 markets across Turkey, covering approximately 80% of the country's GDP, reflecting nationwide demand growth and supporting the company's long-term development strategy.
- Enhanced Safety Measures: With an average driver rating of 4.8 stars and all drivers undergoing background checks, Marti not only boosts passenger safety but also enhances brand trust, which helps attract more users.
Marti Technologies (MRT) Forecasts 2026 Revenue of $70 Million, Doubling 2025 Projections
- Doubling Revenue Forecast: Marti Technologies anticipates 2026 revenue to reach $70 million, more than doubling the projected $34 million for 2025, indicating strong growth potential in the ride-hailing market.
- Improved Profitability: The company expects to achieve positive adjusted EBITDA of $1 million in 2026, a significant turnaround from the anticipated $17 million loss in 2025, reflecting substantial improvements in operating leverage and unit economics.
- Market Expansion Strategy: Marti plans to roll out monetization in new markets launched in 2025, alongside a sharp increase in ride-hailing trips and higher take rates in cities, further driving revenue growth and enhancing competitive positioning.
- Future Growth Path: CEO Öktem emphasized that as Marti expands across Türkiye and serves the under-developed transportation market, the company is on track to double revenue and achieve positive EBITDA, showcasing strong execution and significant market opportunities.
Marti Releases 2024 Sustainability Report, Prevents 462 Tons of CO₂ Emissions
- Environmental Achievement: In 2024, Marti prevented 462 tons of CO₂ emissions through its shared and electric transportation services, equivalent to the annual carbon absorption of approximately 21,000 mature trees, significantly enhancing the company's impact in sustainable mobility.
- Electric Transport Efficiency: Marti's e-mopeds, e-bikes, and e-scooters reduce CO₂ intensity by 39%, 33%, and 18% respectively, driving a low-carbon transition in urban mobility in Türkiye and strengthening its competitive position in the market.
- Safety and Accessibility Enhancement: In 2024, Marti launched the Marti Safety Academy, providing riders with practical safety guidance and reinforcing a culture of sustainable mobility, which enhances user safety and overall travel experience.
- Long-term Commitment: Marti aims to achieve net-zero Scope 1 and Scope 2 emissions by 2030 and is committed to transitioning to a 100% electric logistics fleet to achieve net-zero Scope 3 emissions, demonstrating the company's strong dedication to sustainability.
Marti Technologies Launches Ride-Hailing Service in 10 More Cities Throughout Türkiye
Expansion of Services: Marti Technologies has launched its ride-hailing service in 10 new cities across Türkiye, expanding its operations to 20 markets and now serving approximately 80% of the country's GDP.
Successful Growth: The company experienced higher-than-expected demand in its recent expansions, leading to a revised forecast for ride-hailing revenue contributions from outside Istanbul, increasing from 55% to 65%.
Long-Term Strategy: Marti plans to delay monetization of the newly added cities until at least 2026, focusing on rider and driver adoption while expanding its network.
Market Size Increase: Marti has raised its estimate of Türkiye's total ride-hailing market size to $4.0 billion annually, up from a previous estimate of $3.0 billion, reflecting the growing demand for ride-hailing services beyond Istanbul.
Scotiabank Keeps Sector Perform Rating for Morguard REIT and Increases Price Target to C$6
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information that help traders succeed in the stock market.
