Azrieli Reached Record Net Rental Income: NIS 646 Million in the Quarter

TikTok's server campus became fully operational and contributed to a nearly fourfold jump in operating income for the Data Centers segment in the first quarter; the segment provided the main contribution to Azrieli's growth in operating income - up 21% to NIS 646 million

However, the group reports a slight erosion of -1% in redemptions at its malls, after 2024 was an exceptional record year in terms of volume due to the public remaining in Israel. ● A fifth of the Azrieli Group's rental fees - in the server farm sector