Azrieli, IL0011194789

Azrieli converts 292 apartments to offices before Azrieli stock results

Published on 10/16/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azrieli changed 292 planned apartments into offices on October 13, 2026. Azrieli stock follows net income of ILS 155 million and NOI of ILS 651 million.

Property strategy shifts in October

Azrieli converted 292 planned apartments into offices on October 13, 2026.
Second-quarter net income was ILS 155 million against NOI of ILS 651 million.
Azrieli stock stood at ILA 37,340 on TASE on October 16, 2026 at 10:49 a.m. IDT.

Azrieli, IL0011194789, Illustration mit AI erstellt.

Azrieli Group Ltd. (ISIN IL0011194789) changed 292 planned apartments into offices in its Tel Aviv Spiral Tower project on October 13, 2026. Globes reported that the residential units were removed from the plan as the project moves toward a larger office component.

Three strategic markers

The decision follows a second-quarter operating picture with contrasting signals. AInvest reported on September 18, 2026 that net income fell 52 percent to ILS 155 million, while net operating income rose 4 percent to ILS 651 million. Funds from operations stood at ILS 426 million in the second quarter.

The company is also expanding beyond Israeli malls and offices. Its investor-relations page describes income-producing real estate, senior living, hotels, rental housing and data centers as core activities, with assets totaling ILS 63.6 billion and 1.4 million square meters. Azrieli Group identifies the Tel Aviv Stock Exchange as the listing venue.

What does the conversion mean?

The 292-unit change places greater weight on office demand and leasing execution inside a mixed-use development. A September 18, 2026 analysis said Azrieli had 275 megawatts of contracted data-center capacity, with 128 megawatts still awaiting billing, making project delivery an important valuation issue.

Dates for the next report

TradingView lists November 25, 2026 as the next earnings date. That report should show whether the office shift and data-center investment are translating into recurring operating income.

Stock trades in agorot

Azrieli stock was trading at ILA 37,340 on the Tel Aviv Stock Exchange on October 16, 2026 at 10:49 a.m. IDT. The same quote showed a 52-week range of ILA 31,190 to ILA 51,310 and a market value of ILS 46.5 billion.