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G-City Recorded Growth in Ongoing Operations; Redemptions in Israel Weakened

Summary by כלכליסט- www.calcalist.co.il
The income-producing real estate company has sold properties worth NIS 5.3 billion since the end of 2022, of which NIS 1.3 billion was last year; NOI from identical properties rose 7% to NIS 252 million, but total NOI fell due to sales and the weakening shekel.
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כלכליסט- www.calcalist.co.ilכלכליסט- www.calcalist.co.il

G-City Recorded Growth in Ongoing Operations; Redemptions in Israel Weakened

The income-producing real estate company has sold properties worth NIS 5.3 billion since the end of 2022, of which NIS 1.3 billion was last year; NOI from identical properties rose 7% to NIS 252 million, but total NOI fell due to sales and the weakening shekel.

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כלכליסט- www.calcalist.co.il broke the news in on Thursday, May 22, 2025.
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