Africa Israel Residences Ltd
AFRE.TA
Tel Aviv Stock Exchange23,840.00
ILA
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Africa Israel Residences Ltd
AFRE.TA
(Tel Aviv Stock Exchange)
Recent
price
23,840.00
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Africa Israel Residences Ltd, part of the Africa Israel Group, is an Israel-based company engaged in residential real estate development, construction, and management; it develops and sells residential units under the Savyonim brand, including penthouses, garden apartments, and duplexes; initiates, plans, constructs, markets, and maintains housing projects, rental properties, and government-subsidized Mehir LaMishtaken initiatives; and operates through subsidiaries such as Africa Urban Renewal Ltd, which specializes in large-scale urban renewal projects including pinui-binui evacuation-construction deals. The company targets a diverse range of residential segments, from luxury neighborhoods and premium projects to mid-market and income-producing properties; key offerings include high-end developments like Savyonim Ramat Sharett Premium in Jerusalem, SOHO in Jerusalem, Duo Tel Aviv, Semel Tsafon, and Savyoney HaShmora in Netanya, alongside ongoing marketing and construction of projects such as Agami Bereshit in Nesher, Savyonim Givat Shmuel, Savyon Gardens and Savyonim HaShmora in Netanya, Savyonim Nitzar Sireni, Shderot HaSavyonim in Petah Tikva, and Megdalei Rehovot HaTzairah; it also pursues commercial and office real estate investments in cities including Jerusalem, Modiin, Tel Aviv, Givat Shmuel, Netanya, Ra'anana, and Azor, with current and future pipelines encompassing approximately 4,050 residential units nationwide. Founded in 1960 and headquartered at 1C Yoni Netanyahu Street in Or Yehuda, Israel, the company primarily serves the Israeli market with a focus on high-demand urban and suburban areas; its operations emphasize quality specifications, financial robustness, land reserves, and professional execution across planning, financing, engineering, and marketing. Recent developments include continued expansion into long-term rental housing exemplified by projects in Mordot Arnona, Jerusalem, and diversification into income-yielding commercial properties; ongoing project advancements such as the initiation of marketing for SOHO Jerusalem (over 1,000 units), Savyoney HaShmora Netanya (512 units), and new stages in Nesher, Kiryat Ata, Netanya, Petah Tikva, Givat Shmuel, Ramat Sharett Jerusalem, and Kiryat Bialik; strengthened urban renewal leadership via Africa Urban Renewal's extensive portfolio; robust financial performance with Q3 2025 sales of ILS 209.79 million and nine-month net income of ILS 117.99 million; and quarterly dividend payments, including an ex-date in September 2025.