Azrieli, IL0011194789

Azrieli stock reports Q2 NOI growth before November results

Published on 10/07/2026 at 09:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azrieli stock was last at ILS 35,240 on October 6, 2026, as Q2 NOI rose 4 percent to ILS 651 million. Net income fell 52 percent to ILS 155 million.

Azrieli, IL0011194789, Illustration mit AI erstellt.

Azrieli stock (ISIN IL0011194789) was last at ILS 35,240 on the Tel Aviv Stock Exchange on October 6, 2026, up 0.60 percent from the previous close of ILS 35,030. The latest operating figures show a split picture, with core property income improving while reported profit declined.

NOI rises to ILS 651 million

According to Investing.com on August 19, 2026, second-quarter 2026 net operating income rose 4 percent in real terms to ILS 651 million. Funds from operations including senior housing were ILS 426 million, described as flat year over year, while net income fell 52 percent to ILS 155 million after fair-value and foreign-exchange effects.

The operating split matters because the income-producing property portfolio is the group's earnings base. The company says its activities include shopping malls, offices, senior living, hotels, rental housing and data centers, with the data-center business primarily operating in Norway, according to its Azrieli Group investor-relations page.

Data centers add a counterweight

A Q2 2026 detail points to execution risk inside the growth strategy. Menivim News reported that data-center NOI fell to ILS 103 million from ILS 115 million in the comparable quarter, even as mall tenant sales increased 8 percent.

The market is assigning a higher valuation to the future pipeline. Investing.com lists two analysts, with one Buy and one Hold rating, for an overall Buy consensus and an average 12-month target of ILS 45,350. That target is 28.69 percent above the October 6 price, with a high estimate of ILS 46,500 and a low estimate of ILS 44,200.

November date sets the next checkpoint

Azrieli's next earnings report is listed for November 25, 2026, giving investors a defined checkpoint for the conversion of project investment into recurring operating income. The October 6 quote stood 31.54 percent above the 52-week low of ILS 31,190 and 31.32 percent below the 52-week high of ILS 51,310, while market capitalization was ILS 42.8 billion.