Almadev Real Estate Inc.
ALRE.TA
Tel Aviv Stock Exchange786.90
ILA
- -
- -
Almadev Real Estate Inc.
ALRE.TA
(Tel Aviv Stock Exchange)
Recent
price
786.90
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Almadev Real Estate Inc. is a Canada-based real estate development, investment and asset-management company that develops, owns, operates, repositions and sells master-planned residential communities, mixed-use developments and income-producing properties. The Company’s principal activities include the planning, construction, financing, marketing and sale of condominium residences; development of multi-family rental housing, including market-rental and affordable-housing units; acquisition, ownership, leasing, management and value enhancement of industrial, commercial, retail, office and residential properties; and asset-management services across its real estate portfolio. Its development offering includes large-scale, multi-phase urban communities incorporating residential towers, apartments, retail space, offices, public areas, parks and community amenities; key projects include Galleria on the Park in Toronto’s west end, which includes affordable housing, planned market-rental units, expanded parkland and retail space, and LSQ/Lansing Square condominium communities in the Greater Toronto Area. Almadev, formerly known as Elad Canada and El-AD Group (Canada) Inc., was founded in 1998 and is headquartered in Toronto, Ontario, Canada. The Company operates principally in Canada, particularly Ontario, and also owns and upgrades income-producing assets in the United States; together with Agellan Commercial, it owns more than 7 million square feet of industrial, commercial and retail properties and reports more than 7.5 million square feet of income-producing properties, while maintaining a construction pipeline exceeding 7 million square feet. Its customer base includes homebuyers, condominium purchasers, renters, commercial tenants, retailers, industrial tenants and institutional real estate investors. Almadev Real Estate Inc. is a subsidiary of Almadev Holdings LP and is controlled by Rester Management, a Montreal-based family-controlled real estate group. Recent strategic developments include the adoption of the Almadev corporate identity from Elad Canada, the completion of an initial public offering and listing on the Tel Aviv Stock Exchange under ticker ALRE in June 2026, and the raising of approximately NIS 340 million through the sale of 30% of its shares, with proceeds intended to advance development projects and repay approximately C$95 million of loans. The Company continues to expand its mixed-use and rental-residential platform, including Galleria on the Park’s next phase, which is planned to add more than 500 market-rental units alongside 150 affordable-housing units and approximately 300,000 square feet of retail space upon completion.